27
Map
$249,500 Last Listed Price
●
House -
Off Market
3213 Pine Street
Galveston, TX 77551
3 Beds
2 Baths
1,451 Ft²
$1,572
Est. Monthly
8.68%
Cap Rate
About This Property
Remarkable opportunity to get into a popular neighborhood close to
schools and shopping. One story house with solar panels that
actually work and lower the electric bills, according to the Estate
selling the house. Formal living room, cathedral ceiling
(12') in den area, galley-style kitchen and breakfast area.
Primary bedroom has ensuite bath and the other two bedrooms
(both of which have walk-in closets) share a hall bath. The carpet
has been removed and the painted slab waits your favorite flooring.
WPI-8 Roof certificate 2022 and WPI-8 Solar Panels certificate
2022. Estate says gutter with gutter guards installed August, 2024.
Fenced backyard and there is a 20x11 deck!
Unit Size
1,451 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$172
Property Type
House
Property Taxes
$347
HOA Dues
-
Year Built
1982
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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: 12 months ago (HAR #54196652)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 29, 2025 | Sold | ||
| Sold | |||
| Sep 14, 2025 | In contract | - | |
| In contract | |||
| Aug 19, 2025 | Listed by Better Homes and Gardens Real Estate Gary Greene - Galveston | $249,500 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - Galveston | |||
| Jul 27, 2025 | Listed | $225,000 | |
| Listed | |||
| | |||
|
Remarkable opportunity to get into a popular neighborhood close to schools and shopping. One story house with leased solar panels that actually work and lower the electric bills, according to the Estate selling the house. Formal living room, cathedral ceiling (12') in den/dining area, galley-style kitchen and breakfast area. Primary bedroom has ensuite bath and the other two bedrooms (both of which have walk-in closets) share a hall bath. The carpet has been removed and the slab has been painted awaiting your favorite flooring. WPI-8 Roof certificate 2022 and WPI-8 Solar Panels certificate 2022. Estate says gutters with gutter guards installed August, 2024. The sale is subject to Buyers assuming the remaining balance of the solar panel installation and the monthly fee is $169.42. Fenced backyard and there is a deck, 20x11, off the den/dining area. Please review required addenda mentioned in Agent Remarks.
| |||
Property Highlights
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Lake Madeline
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Listed by: David Bowers, Better Homes and Gardens Real Estate Gary Greene - Galveston
Last Updated: 12 months ago
Data Source: HAR , MLS# 54196652
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Last Updated: 12 months ago
Data Source: HAR , MLS# 54196652
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