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General Description
minimizeIf you are looking for a great investment opportunity in Galveston...this is it! Welcome to 5118 Avenue Q 1/2…this property is an investor’s dream. The two floors are two separate living areas. The main house is located on the second floor. There you will find a large open concept living area with plenty of natural light. There are 3 bedrooms and 2 bathrooms upstairs. Additionally, you will find living quarters downstairs. Both need some light renovating, but with some work the opportunities are endless. They could both be short-term rentals, long-term rentals or the house could be converted to a full-time residence with the extra income-generating dwelling downstairs. Best of all…LOCATION! Right in the heart of Galveston, just blocks away from the Seawall. Local Hard Money Lender ready to assist with this project. Do not miss this opportunity and schedule your showing today!
Rooms/Lot Dimensions
Interior Features
Exterior Features
Additional Information
Financial Information
Selling Agent and Brokerage
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Property Tax
minimizeMarket Value Per Appraisal District
Cost/sqft based on Market Value
| Tax Year | Cost/sqft | Market Value | Change | Tax Assessment | Change |
|---|---|---|---|---|---|
| 2023 | $85.94 | $220,000 | 12.67% | $220,000 | 12.67% |
| 2022 | $76.28 | $195,265 | 17.63% | $195,265 | 17.63% |
| 2021 | $64.84 | $166,000 | 38.11% | $166,000 | 38.11% |
| 2020 | $46.95 | $120,190 | 41.40% | $120,190 | 41.40% |
| 2019 | $33.20 | $85,000 | 0.00% | $85,000 | 0.00% |
| 2018 | $33.20 | $85,000 | $85,000 |
2023 Galveston County Appraisal District Tax Value
| Market Land Value: | $55,130 |
| Market Improvement Value: | $164,870 |
| Total Market Value: | $220,000 |
2023 Tax Rates
| GALVESTON COUNTY: | 0.3676 % |
| GALVASTON COLLEGE: | 0.1320 % |
| NAVIGATION DIST 01: | 0.0285 % |
| COUNTY ROAD/FLOOD: | 0.0084 % |
| GALVASTON ISD: | 1.0350 % |
| GALVESTON CITY: | 0.4445 % |
| Total Tax Rate: | 2.0161 % |
Estimated Mortgage/Tax
minimize| Estimated Monthly Principal & Interest (Based on the calculation below) | $ 859 |
| Estimated Monthly Property Tax (Based on Tax Assessment 2023) | $ 370 |
| Home Owners Insurance | Get a Quote |
Subdivision Facts
minimize2023 Subdivision Facts
Schools
minimizeSchool information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
ASSIGNED SCHOOLS
Good |
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Property Map
minimize5118 Avenue Q 1/2 Ave Galveston TX 77551 was recently sold. It is a 0.10 Acre(s) Lot, 2,560 SQFT, 3 Beds, 2 Full Bath(s) in Denver Resurvey.
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