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Sold 77550 Galveston

2002 27th Street

Galveston, TX 77550

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Sold

$1,242,001 - $1,425,000

Sold on December 10, 2021

5,820 Sqft.

7,730 Lot Sqft

Multi-Family - 5 Plus

77 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 $1.25M	AVM Value $1.42M	AVM Value $663K
Value Range $676K - $1.83M	Value Range $1.22M - $1.64M	Value Range $ 662,600
Confidence Score 54% Margin of Error*: 46%	Confidence Score NA	Confidence Score NA

$1.25M

$1.42M

$663K

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

Investment Opportunity on Galveston Island near the tourist destination "25th Street Pleasure Pier" and the Seawall. Eight units that are each two bedrooms with one full bath. Each unit is approximately 728 square feet and have spacious kitchen and living areas. The property historically has been an apartment complex, but has been vacant and extensively renovated over the past year and a half. The new owner may want to vacation rental each unit, convert to condominiums or keep as apartments (Buyer to confirm city permitting). Most of the units were taken down to partial sheetrock. The renovations are very extensive and some of the big items are new roof, new Hardi siding, 8 new AC units, upgraded electrical, flooring, appliances, kitchen remodels, moen faucets, high efficiency Jacuzzu toilets, Trex decking on upper balcony and landscaping. This is a rare opportunity to own an income producing property near the seawall and Pleasure Pier.

Documents

Document Document Document

MLS#

91909519

Sold Price Range

$1,242,001 - $1,425,000

Listing Status

Sold

Address

2002 27th Street

City

Galveston

State

Zip Code

77550

County

Galveston County

Subdivision

Galveston Outlots (View subdivision price trend)

Legal Description

ABST 628 M B MENARD SUR LOT 1 & W 1/2 OF LOT 2 SW BLK 91 GAL

Property Type

Multi-Family - 5 Plus

Stories

Year Built

1971 / Appraisal District

Building Size

5,820 Sqft/Appraisal District

Lot Size

7,730 Sqft./Appraisal District

Key Map©

775S

Market Area

East End

Property website

Property map

Street
view

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directions

PRESENTED BY

Kristi Buehring Platinum

Compass RE Texas, LLC - Houston

Call

Exterior

Roof

Composition

Exterior Type

Cement Board

Parking

Paved Area

Parking Unit

One

Interior

Countertop

Granite

Floors

Tile, Vinyl Plank

Cooling

Central Electric

Heating

Central Electric

Compactor

Dishwasher

Yes

Disposal

Yes

Microwave

Yes

Energy Feature

Ceiling Fans

Lot information

Lot Size

7,730 Sqft. /Appraisal District

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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

$6,594/2020

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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Cost/Sqft based on tax value

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

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Subdivision Facts

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Market update video

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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.