See Home Value
$365,000 Last Listed Price
House - Off Market

3517 Avenue R 1/2

Galveston, TX 77550
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1868 Sqft
$499,954
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Reliable and highly profitable investment even in a downturn. This property offers 2 rental incomes, with a restored 3/2 bungalow and 1/1 apt., 2 blocks from the beach. As of 5/15/20, the property has nearly $25,000 in FUTURE bookings, and has barely skipped a beat in the face of CV19, with average gross revenues for Feb., March and April of $3K- typically our slow season. Both units were completely renovated in 2018, with a fully fenced yard and 2 separate rentable spaces with separate entrances onto property. Annual occupancy rates beat the market, with ~90%. Annual gross revenue is over $100,000 for the first two years as a vacation rental, and is only getting better. An amazing property to buy both as a home and take over a successful business. The sale includes 2 days of training and hand-off of marketing materials.  In flood zone X and has never flooded.
Unit Size
1,868Ft²
Days on Market
125 days
Land Size
0.12 acres
Price per sqft
$195
Property Type
House
Property Taxes
$343
HOA Dues
-
Year Built
1973
Last updated: 4 months ago (HAR #95802830)

Price History

Date / Event Date Event Price
Aug 24, 2020 Sold $333,000 - $405,000
Sold
Apr 21, 2020 Listed by The Listing Firm $365,000
Listed by The Listing Firm

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1973
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Wood
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 462
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 5,112
  • Total Building Area: 1,868
  • Gross Building Area: 1,868
  • Building Area: 1,868
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,868
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GARRETT
  • Land Acres: 0.117
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ABST 628 M B MENARD SUR LOT 1 W A GARRETT SUB

Ownership

  • Current Owner : REINHARDT FREDERICK
  • Current Owner 2: MILLER JAMES
  • Previous Owner : RAHAS LLC
  • Owner Before Previous Owner: KISER EARL W
  • Owner Before Previous Owner 2: JOYCE BEVERLY J

Neighborhood

  • School District Name: Galveston Independent School District
  • Census Tract: 724900

Geography

  • Assessors Map Reference: 357-D
  • Parcel: 3539-0000-0001-000
  • Lot: 1
  • Municipality: GALVESTON CITY
  • Latitude: 29.2838
  • Longitude: -94.8022

    Address

  • Full Address: 3517 Avenue R 1/2
  • Address - House Number: 3517
  • Address - Street Name: Avenue R 1/2
  • State: TX
  • City Name: Galveston
  • Carrier Code: C036
  • 4-Digit Zip Code: 8816
  • Zip Code: 77550

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,500
  • Tax Rate Code Area: S10

    Appraisal Valuation

  • Standard Deviation: 0.2401
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 66
  • Final Value: 504,243
  • High Value: 625,323
  • Low Value: 383,162

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $332,100
  • First Open Lien Mortgage Lender: LOANPEOPLE LLC
  • First Open Lien Mortgage Recording Date: Aug 31, 2020
  • First Open Lien Mortgage Loan Amount: $332,100
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2050

    Market Valuation

  • Market Total Value: $408,651
  • Market Land Value: $62,620
  • Market Improvement Value: $346,031

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $408,651
  • Assessed Land Value: $62,620
  • Assessed Improvements Value: $346,031

    Sales

  • Current Sale Contract Date: Aug 24, 2020
  • Current Sale Recording Date: Aug 31, 2020
  • Current Sale Transaction ID: 11784564004
  • Current Sale Price: $415,100
  • Current Sale Document Type: Vendor's Lien
  • Current Sale Input Document Number: 2020053510
  • Previous Sale Recording Date: Feb 20, 2018
  • Previous Sale Contract Date: Feb 19, 2018
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOANPEOPLE LLC
  • First Mortgage Transaction Date: Aug 31, 2020
  • First Mortgage Loan Amount: $332,100
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
1,800 ft²
$355,000 Jun 22, 2021
$320,000 - $390,000 Dec 30, 2021
$337/mo
House
4 Beds
3 Baths
1,846 ft²
$345,000 Feb 7, 2020
$311,000 - $379,000 Sep 4, 2020
$342/mo
House
4 Beds
2 Baths
1,720 ft²
$355,000 Mar 25, 2021
$320,000 - $390,000 Jun 15, 2021
$299/mo
House
4 Beds
2 Baths
1,700 ft²
$349,000 Jun 6, 2023
$315,000 - $383,000 Sep 8, 2023
$318/mo
House
3 Beds
2 Baths
1,837 ft²
$320,000 Aug 5, 2021
$288,000 - $352,000 Sep 30, 2021
$401/mo
House
3 Beds
2 Baths
1,740 ft²
$350,000 Sep 21, 2021
$315,000 - $385,000 Nov 29, 2021
$377/mo
House
4 Beds
3 Baths
2,426 ft²
$179/ft²
$434,000 Oct 16, 2023
-
$371/mo
House
3 Beds
2 Baths
1,830 ft²
$205/ft²
$375,000 Jun 12, 2023
-
$418/mo
House
3 Beds
2 Baths
1,953 ft²
$179/ft²
$349,000 Oct 21, 2023
-
$611/mo
House
3 Beds
2 Baths
1,979 ft²
$151/ft²
$299,000 Nov 15, 2023
-
$646/mo
House
3 Beds
2 Baths
1,716 ft²
$227/ft²
$389,000 Nov 20, 2023
-
$696/mo
House
3 Beds
2 Baths
1,624 ft²
$234/ft²
$380,000 Oct 24, 2023
-
$515/mo

About Kempner Park


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Frequently Asked Questions

When was property at 3517 Avenue R 1/2 built and last sold?
The property at 3517 Avenue R 1/2 was built in 1973 and last sold on Aug 24, 2020 for $415,100.
How much is this home worth?
The estimated value of the home located at 3517 Avenue R 1/2 is $375,977.
What are some comparable homes to 3517 Avenue R 1/2?
There are currently no comparable homes to 3517 Avenue R 1/2.

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