2 months on rocket

1502 Market St, Galveston, TX, 77550

$2,500,000

Home List Price

$10,000*

Closing Credit

10 Bedrooms
9 Full Baths
6,462 SqFt
$387/SqFt
House

Location

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1502 Market St, Galveston$2,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingElectric Gate, Electric Vehicle Charging Station(s), Paved, Workshop in Garage
Year Built1868
HeatingCentral, Natural Gas
CoolingCentral Air, Electric, Other
MLS #46868083
StatusActive

About 1502 Market St

Located on sunny Galveston Island, Texas, George Manor is situated at the corner of Market Street and 15th Street on a spacious 0.444-acre lot. The main residence, the historic Edward T. Austin house, was originally built in 1868. In 1960, two guest cottages were added, and the entire property underwent extensive renovations in 2021 when it was converted into an award-winning bed and breakfast. The manor house, with its stunning original frescoes in the dining room, spans 3,812 square feet and features five guest suites. The cottages house four one-bedroom, one-bathroom apartments, making the property ideal for guests seeking privacy and comfort. George Manor is conveniently located near Galveston's beachfront and charming downtown area. Galveston Island is part of the larger Houston metropolitan area, strategically positioned near the Gulf of Mexico. It benefits from the city's maritime significance, energy markets, aerospace industry, corporate headquarters, and healthcare systems.

Property Details

Property Features

Property Information:

  • Year Built: 1868
  • Stories: 2
  • Living Area: 6,462 SqFt

Listing Office:

  • Office Name: Better Homes and Gardens Real Estate Gary Greene - Galveston West End
  • Office Phone: (409) 737-5200
  • Listing Agent: Kimberly Saward

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator
  • Flooring Type: Wood, Hardwood
  • Interior: Balcony, Furnished, Granite Counters, Ceiling Fan(s), Programmable Thermostat

Bedroom and Bathroom Information:

  • Full Bathrooms: 9
  • Total Bedroom Count: 10

Exterior Features

Exterior Information:

  • Exterior: Private Entrance

Parking Information:

  • Parking: Electric Gate, Electric Vehicle Charging Station(s), Paved, Workshop in Garage

Lot Features

Lot Information:

  • Lot: Corner Lot, Near Public Transit

Utilities

Utilities Information:

  • Heating: Central, Natural Gas
  • Cooling: Central Air, Electric, Other

Other

Directions Information:

  • Directions: I-45 South to Galveston Island. Continue onto Broadway Street. Turn left onto 15th Street. Go to the corner of Market Street and get there.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000
  • Price Per SqFt: $387/SqFt

Tax Information:

  • Annual Amount: $13,569
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Galveston, TX.

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Galveston, TX

City

Med. Sold Price

$429.4K

Med. Price/SqFt

$324

Avg. Days On Market

79

# of Sold Homes

52

1502 Market St vs Galveston

65 DAYS ON ROCKET

-14 Days

$2,500,000

+$2.0M More

$387/SqFt

+$63 More

KEY TAKEAWAY

This property is $2.0M more than the Median Sold Price and $63/SqFt more than other homes in Galveston, TX.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: HAR
  • MLS Number: #46868083

Listing Office:

  • Office Name: Better Homes and Gardens Real Estate Gary Greene - Galveston West End
  • Office Phone: (409) 737-5200
  • Listing Agent: Kimberly Saward

Broker ReciprocityDisclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.

Copyright© 2024 Houston Realtors Information Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 12/22/2024, 5:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$13,569$677,000
2020$12,681$599,870
2019$14,368$529,130
2018$14,108$582,660
2017$13,960$570,110

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1035277
7
/10

  • Rosenburg Elementary School

  • 721 10th St

  • 0.42 miles

  • Public District Grades PK-2

school-card-donut-1035278
6
/10

  • Morgan Elementary Health, Medical Science and Engineering Magnet

  • 1410 37th St

  • 1.67 miles

  • Public Magnet Grades PK-4

school-card-donut-1035279
4
/10

  • Burnet STREAM Magnet School

  • 5501 Avenue S

  • 3.20 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,603. Typical income of Galveston, TX residents is between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1502 Market St

What is the listing price of this property?

The listing price of 1502 Market St property is $2,500,000.

What type of property is this?

The property 1502 Market St is a house located in Galveston, Texas, 77550.

Is this property for sale now?

Active Listing: 1502 Market St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $13,569 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1502 Market St has 10 bedrooms and 9 bathrooms.

What is the square footage of this property?

The property 1502 Market St is 6,462 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1502 Market St is 1868.

Rocket Homes›Texas›Galveston County›Galveston›77550›1502 Market St

This home is located at 1502 Market St in Galveston, TX and zip code 77550 in the The East End neighborhood. This 6,462 square foot home was built in 1868. Features: 10 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since October 18, 2024 and is currently priced at $2,500,000.

While more than 1 listings in Galveston, TX in November 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 49 were sold below. The number of homes for sale in Galveston, TX increased by 14% between October 2024 and November 2024. Listings spent 79 days on the market in November 2024, and had a median list price of $429,400 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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