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Sold 77550 Galveston

2505 Market Street

Galveston, TX 77550

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Sold

$1,425,001 - $1,638,000

Sold on March 11, 2022

13,728 Sqft.

10,320 Lot Sqft

Multi-Family - Fourplex

248 Day(s) on Market

Home value comparables

Using a REALTOR is the best way to determine the market price of a home. Start this process by viewing the third-party valuations and then contact a Realtor to determine a reasonable purchase price for a home.

Current Valuations

Home Value Comparables

AVM Value $1.50M
Value Range $ 1,500,000
Confidence Score NA

$1.50M

Limitations: This represents an estimated sales price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. The values do not include a physical or visual inspection of the subject property. User shall not use the values in lieu of an appraisal by a licensed appraiser or as a basis for making any financial decision.

Zestimate Home Values are provided by Zillow, Inc. Use is subject to Zillow Terms of Use and are provided as-is, as-available.

Description

2 Historic buildings in downtown Galveston on 2 full city lots with @13,780 interior sq. ft. One building faces Market St. with 3 street level commercial units and 5 second floor residential units. The second building faces 25th St./Rosenberg Ave. with 3 commercial units and storage. The buildings share alley walkway and back courtyard access. Built in the early 1900's and renovated in the early 2000's, each building has historic charm inside and out with exposed brick, cast iron columns, high ceilings, long doors & windows. The 5 second floor apartments are all 1bd/1bath with full kitchens. This property is well located, at a highly visible intersection and close to restaurants, galleries, shopping, cruise terminal, city hall and all that Galveston has to offer in the way of entertainment and relaxed lifestyle. These buildings have been a rich part of Galveston's history and offer exciting potential for it's future. Shown with 48-hr notice to qualified buyers only.

MLS#

70313633

Sold Price Range

$1,425,001 - $1,638,000

Listing Status

Sold

Address

2505 Market Street

City

Galveston

State

Zip Code

77550

County

Galveston County

Subdivision

Galveston Townsite (View subdivision price trend)

Legal Description

ABST 628 M B MENARD SUR LOTS 6 & 7 BLK 505 GALVESTON

Property Type

Multi-Family - Fourplex

Stories

Year Built

1955 / Appraisal District

Building Size

13,728 Sqft/Appraisal District

Lot Size

10,320 Sqft./Appraisal District

Key Map©

774R

Market Area

Harborside

Property website

Property map

Street
view

Get
directions

Jack McLemore

ListingResults.com

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Exterior

Roof

Composition

Lot Description

Corner

Unit Location

Corner

Interior

Floors

Carpet, Concrete, Vinyl

Cooling

Window Units

Heating

Central Electric

Dishwasher

Yes

Disposal

Yes

Energy Feature

Ceiling Fans

Lot information

Lot Size

10,320 Sqft. /Appraisal District

Street View Map View Satellite View

Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

Financial

Financing Considered

Cash Sale, Conventional

Other Fees

Maintenance Fee

Taxes w/o Exemp

$12,056/2020

Tax Rate

2.262

Additional information

List Type

Exclusive Right to Sell/Lease

Buyer Agent Compensation*

Sub Agent Compensation*

*Disclaimer: Listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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Property tax

Cost/Sqft based on tax value

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Mortgage

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Listing Tax	Numbers
Principal & Interest	2,841
Taxes	1,242

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Subdivision Facts

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Schools

School 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.