$995,000 Last Listed Price
●
House -
Off Market
1808 Postoffice
Galveston, TX 77550
3 Beds
3 Baths
3,201 Ft²
$5,874
Est. Monthly
About This Property
Welcome to the 1887 Alfred Rakel House. Designed by Alfred Mueller,
this 3 bay Southern Townhouse with Quenn Anne fixtures, has been a
4 time featured home on the GHF homes. The last two
celebrating the 25th & 50th anniversaries of the tour. Walking
distance to everything downtown has to offer. The current owners
purchased the property in 2001 & have made this their fiull time
home since 2010. The restoration began in 2003 and was accomplished
by them. Unique lighted cabinetryand the island kitchen provides
plenty of storage, a theme troughout as the home boasts 11 closets
including a ginourmous upstairs closet utilized as primary closet.
The primary bedroom boasts an ensuite.The detached 2 car garage
also includes a 800 square foot 2 story apartment. Fenced in back
yard includes a lovely deck & a gas stub for outdoor grill and/or
generator. Victorian charm abounds from the Bradbury and
Bradbury wallcoverings, polished floors and trim, transoms, walk
thru windows & double galleries.
Unit Size
3,201 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$311
Property Type
House
Property Taxes
$988
HOA Dues
-
Year Built
1960
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (HAR #20211313)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 30, 2024 | Sold | ||
| Sold | |||
| Sep 9, 2024 | In contract | - | |
| In contract | |||
| Jul 21, 2024 | Listed by Coldwell Banker TGRE | $995,000 | |
| Listed by Coldwell Banker TGRE | |||
| | |||
|
Welcome to the 1887 Alfred Rakel House. Designed by Alfred Mueller, this 3 bay Southern Townhouse with Quenn Anne fixtures, has been a 4 time featured home on the GHF homes. The last two celebrating the 25th & 50th anniversaries of the tour. Walking distance to everything downtown has to offer. The current owners purchased the property in 2001 & have made this their fiull time home since 2010. The restoration began in 2003 and was accomplished by them. Unique lighted cabinetryand the island kitchen provides plenty of storage, a theme troughout as the home boasts 11 closets including a ginourmous upstairs closet utilized as primary closet. The primary bedroom boasts an ensuite.The detached 2 car garage also includes a 800 square foot 2 story apartment. Fenced in back yard includes a lovely deck & a gas stub for outdoor grill and/or generator. Victorian charm abounds from the Bradbury and Bradbury wallcoverings, polished floors and trim, transoms, walk thru windows & double galleries.
| |||
Property Highlights
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About East End Historic District
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Listed by: Thomas Schwenk, Coldwell Banker TGRE
Last Updated: 6 months ago
Data Source: HAR , MLS# 20211313
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Last Updated: 6 months ago
Data Source: HAR , MLS# 20211313
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