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General Description
minimizeThis ideal investment opportunity is what you have been looking and waiting for! With an easy conversion to condominiums, this 10 unit apartment complex located on Galveston’s East End, is only 2 blocks from The University of Texas Medical School, Shriners. And 10 blocks to the beach. Building #1 has been meticulously remodeled with the highest of standards. Taken “down to the studs”, each unit is a 2 bedroom, 1-½ bath townhome style. The first floor includes tile floors throughout, a beautifully designed kitchen with quartz countertops, stainless steel appliances, and custom built cabinetry. Also on the first floor is a spacious living room, half bath, and laundry room with all new LG washers and dryers, and all new central HVAC. Upstairs includes beautiful luxury vinyl plank floors, 2 bedrooms & 1 full bathrooms with a gorgeous walk in shower. It has been a rewarding venture for owners, they are now looking to retire, travel, and spend more time with family and friends.
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 | $113.78 | $1,092,300 | 9.23% | $1,092,300 | 9.23% |
| 2022 | $104.17 | $1,000,000 | 100.00% | $1,000,000 | 100.00% |
| 2021 | $52.08 | $500,000 | 16.58% | $500,000 | 16.58% |
| 2020 | $44.68 | $428,900 | 6.22% | $428,900 | 6.22% |
| 2019 | $42.06 | $403,770 | 0.07% | $403,770 | 0.07% |
| 2018 | $42.03 | $403,500 | 0.02% | $403,500 | 0.02% |
| 2017 | $42.02 | $403,430 | 16.71% | $403,430 | 16.71% |
| 2016 | $36.01 | $345,680 | 0.00% | $345,680 | 0.00% |
| 2015 | $36.01 | $345,680 | 4.74% | $345,680 | 4.74% |
| 2014 | $34.38 | $330,050 | 5.81% | $330,050 | 5.81% |
| 2013 | $32.49 | $311,930 | 0.00% | $311,930 | 0.00% |
| 2012 | $32.49 | $311,930 | $311,930 |
2023 Galveston County Appraisal District Tax Value
| Market Land Value: | $17,770 |
| Market Improvement Value: | $1,074,530 |
| Total Market Value: | $1,092,300 |
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) | $ 7,448 |
| Estimated Monthly Property Tax (Based on Tax Assessment 2023) | $ 1,835 |
| 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
minimize525 11th St Galveston TX 77550 was recently sold. It is a 9,600 SQFT, in Blanca Island Properties.
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