NOT LISTED FOR SALE

1037 W Lagoon Ave Unit 5 Gulf Shores, AL 36542

Estimated Value: $230,000 - $278,000

1 Bed
1 Bath
608 Sq Ft
$406/Sq Ft Est. Value

Last Sold September 26, 2023

Last sale price $243,780 $401 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,754/month

47 Days on Market

Highlights

  • Water access To Gulf or Ocean
  • Gulf View
  • Wrap Around Balcony
  • Gulf Shores Elementary School Rated A-
  • Furnished
  • Living Room

About This Home

As of September 2023

Come find your piece of paradise! This one bedroom end unit has a wrap-around balcony with views of the lagoon and gulf! Close to everything- shopping and restaurants, including less than 2 miles to The Hangout, and easy access to Gulf Shores public beach. Fully furnished, large closet, washer and dryer in unit, new appliances, and furniture recently replaced. Building has a new roof and new paint. Covered parking. Rents average $18,000-20,000/ year and currently booked through August. Condo is in a rental program but available to show during turnaround days.

Last Agent to Sell the Property

Destiny Parks

Baldwin Realty LLC Listed on: 06/26/2023

Last Buyer's Agent

Chris Allred

Luna Beach Properties, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $863

Year Built

  • Built in 1984

Lot Details

  • 0.26

HOA Fees

  • $325 Monthly HOA Fees

Parking

  • Covered Parking

Property Views

  • Gulf
  • Lagoon

Home Design

  • Entry on the 2nd floor
  • Wood Frame Construction
  • Wood Siding
  • Piling Construction

Interior Spaces

  • 608 Sq Ft Home
  • 2-Story Property
  • Furnished
  • ENERGY STAR Qualified Ceiling Fan
  • Ceiling Fan
  • Living Room
  • Tile Flooring
  • Stacked Washer and Dryer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • En-Suite Primary Bedroom
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Lagoon or Estuary
  • Wrap Around Balcony

Schools

  • Gulf Shores Elementary School
  • Gulf Shores High School

Utilities

  • Central Heating and Cooling System

Community Details

  • Association fees include common area insurance, common area maintenance, pest control, reserve funds, taxes-common area, trash, water/sewer
  • Lagoon Sun Community
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 66-04-19-3-000-028.000905

Home Details

Home Type

Single Family

Est. Annual Taxes

$863

Year Built

Built in 1984

Lot Details

0

HOA Fees

$325 per month

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Pilings, Wood Frame
  • Construction Status: Resale
  • Flood Zone: AE
  • Property Amenities: Ceiling Fan(s), Wrap Around Balcony
  • Property Type: Residential Attached
  • Restrictive Covenants: Yes
  • Style: Condo
  • View: Indirect Lagoon Side, Indirect Gulf-Across Rd, Indirect Lagoon-Across Rd
  • Owners Association: Yes
  • Parcel Id Tax Id: 66-04-19-3-000-028.000905
  • Year Built: 1984
  • Geo Subdivision: AL
  • Living Room Group: Living Room
  • Property Legal Description: UNIT 5 LAGOON SUN CONDO CITY OF GULF SHORES CITY OF GULF SHO RES SEC 19-T9S-R4E (WD)
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Microwave, Refrigerator, Range-Electric, Stack Washer/Dryer
  • Estimated Living Area: 608
  • Bathrooms: 1
  • Bedrooms: 1
  • Floors: Tile
  • Kitchen: Dimensions: 9x10, On Level: Main Level
  • Living Room: Dimensions: 15x20, On Level: Main Level
  • Master Bed: Dimensions: 12x12, On Level: Main Level
  • Price Per Sq Ft: 400.95
  • Property Interior Stories: 1
  • Unit Floor: 2
  • Primary Bedroom Bathroom Combo: Yes
  • Primary Bedroom Bathrooms: Other - See Remarks, Tub/Shower Combo

Exterior Features

  • Exterior Finish: Wood
  • Water Property Type: Bay Access (Wlk <=1/4 Mi), Gulf Accs (Wlk <=1/4 Mi), Lagoon Acc (Wlk <=1/4 Mi), Public Acc (Wlk <=1/4 Mi)

Garage/Parking

  • Garage Parking: Condo: Covered Parking

Utilities

  • Heat Cooling: Central Electric
  • Utilities: Baldwin Emc

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association Fees: 325
  • Association Fees Include: Common Area Insurance, Common Area Maintenance, Pest Control, Reserve Funds, Taxes-Common Area, Trash, Water/Sewer
  • Community Amenities: Pets - Owners Only
  • Condo Building Stories: 2
  • Condo Complex: Lagoon Sun

Fee Information

  • Transfer Fees: Yes

Green Features

  • Energy Saving Features: Ceiling Fan(s)

Lot Info

  • Lot Block Unit: 5

Rental Info

  • Furnished: Yes

Tax Info

  • Property Taxes: 862.62
  • Assessor Parcel Number: 109227

MLS Schools

  • Elementary School: Gulf Shores Elementary
  • HighSchool: Gulf Shores High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2023
Closed on
Sep 26, 2023
Sold by
Cheatham Charles
Bought by
Dazley Paula A
Seller's Agent
Destiny Parks
Baldwin Realty LLC
Buyer's Agent
Chris Allred
Luna Beach Properties, LLC
List Price
$269,000
Sold Price
$243,780
Premium/Discount to List
-$25,220
-9.38%
Views
270
Current Estimated Value
$246,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,138
Avg. Annual Appreciation
0.61%

Purchase Details

Listed on
Nov 19, 2015
Closed on
Dec 21, 2015
Sold by
Kearney Steven J and Kearney Billie C
Bought by
Cheatham Charles
Seller's Agent
Kathy Stastka
Coldwell Banker Reehl Prop Fairhope
Buyer's Agent
Destiny Parks
ASSIST 2 SELL BALDWIN REALTY
Sold Price
$98,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.44%
Original Mortgage
$83,300
Interest Rate
3.91%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Sep 27, 2011
Closed on
May 31, 2012
Sold by
Weems James A and Weems Ann S
Bought by
Kearney Steven J and Kearney Billie C
Seller's Agent
Ricky Carruth Sr
eXp Realty, LLC Gulf Shores Br
Buyer's Agent
Brian Pugh
Brett R/E Robinson Dev OB
List Price
$83,000
Sold Price
$83,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.78%
Original Mortgage
$66,400
Interest Rate
3.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dazley Paula A $61,000 Professional Land Title
Cheatham Charles $98,000 Gtc
Kearney Steven J $83,400 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cheatham Charles $83,300
Previous Owner Kearney Steven J $66,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/26/2023 09/26/23 Sold $243,780 -5.9% $401 / Sq Ft
08/12/2023 08/12/23 Pending -- -- --
08/02/2023 08/02/23 Price Changed $259,000 -3.7% $426 / Sq Ft
07/14/2023 07/14/23 For Sale $269,000 0.0% $442 / Sq Ft
07/06/2023 07/06/23 Pending -- -- --
06/26/2023 06/26/23 For Sale $269,000 +174.5% $442 / Sq Ft
12/21/2015 12/21/15 Sold $98,000 0.0% $163 / Sq Ft View Prior Sale
12/21/2015 12/21/15 Sold $98,000 0.0% $163 / Sq Ft View Prior Sale
11/19/2015 11/19/15 Pending -- -- --
11/19/2015 11/19/15 Pending -- -- --
06/17/2015 06/17/15 For Sale $98,000 +18.1% $163 / Sq Ft
06/01/2012 06/01/12 Sold $83,000 0.0% $138 / Sq Ft View Prior Sale
05/02/2012 05/02/12 Pending -- -- --
09/27/2011 09/27/11 For Sale $83,000 -- $138 / Sq Ft
Source: Baldwin REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,605 $48,640 $0 $48,640
2023 $0 $20,060 $0 $20,060
2022 $0 $18,540 $0 $0
2021 $863 $13,080 $0 $0
2020 $875 $26,140 $0 $0
2019 $834 $24,920 $0 $0
2018 $766 $22,860 $0 $0
2017 $734 $21,880 $0 $0
2016 $295 $8,940 $0 $0
2015 $263 $7,980 $0 $0
2014 $263 $7,980 $0 $0
2013 -- $7,980 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Destiny Parks

    Seller's Agent in 2023

    Destiny Parks

    Baldwin Realty LLC

    (251) 786-5200

    2 in this area

    29 Total Sales

    Destiny Parks
    Section Image

  • C

    Buyer's Agent in 2023

    Chris Allred

    Luna Beach Properties, LLC

    (251) 978-3228

    18 in this area

    31 Total Sales

    Chris Allred
    Section Image
  • Kathy Stastka

    Seller's Agent in 2015

    Kathy Stastka

    Coldwell Banker Reehl Prop Fairhope

    (251) 709-9051

    71 Total Sales

    Kathy Stastka
    Section Image
  • Ricky Carruth Sr

    Seller's Agent in 2012

    Ricky Carruth Sr

    eXp Realty, LLC Gulf Shores Br

    (251) 752-7663

    54 in this area

    150 Total Sales

    Ricky Carruth Sr
    Section Image
  • Brian Pugh

    Buyer's Agent in 2012

    Brian Pugh

    Brett R/E Robinson Dev OB

    (251) 236-8811

    28 in this area

    98 Total Sales

    Brian Pugh
    Section Image
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Map

Source: Baldwin REALTORS®

MLS Number: 348027

Baldwin REALTORS®

APN: 66-04-19-3-000-028.000-905

Alabama Baldwin County Gulf Shores 36542

1037 W Lagoon Ave Unit 5, Gulf Shores, AL

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