Seller's Agent in 2024
The Kevin Corcoran Team
RE/MAX
(251) 948-2400
155 in this area
277 Total Sales
116 W 5th Ave Unit A Gulf Shores, AL 36542
Estimated Value: $718,007 - $807,000
5
Beds
5.5
Baths
3,700
Sq Ft
$208/Sq Ft
Est. Value
Highlights
- Private Dock
- In Ground Pool
- 2 Fireplaces
- Gulf Shores Elementary School Rated A-
- Home fronts a canal
- 4-minute walk to Wade Ward Nature Park
About This Home
As of May 2024Experience the epitome of luxury living in this expansive 3,700SF waterfront home nestled in an area designated for full-time residence, ensuring tranquility and exclusivity, allowing 6+ month rentals only. This property is conveniently located on a serene, dead-end strip (practically an island on the island with almost no traffic) just a short, 3-min walk or boat ride from the beach/heart of Gulf Shores; enjoy access directly from your boat dock to Little Lagoon and even to the Gulf of Mexico. This spectacular, 5BED/5.5BA property is undoubtedly a treasure loaded with many wonderful features including no HOA Fees, an elevator, a private pool & boat dock, new roof in 2021, 4 covered balconies w/ beautiful canal views, all kitchen appliances (& kitchenette), 2 fireplaces, stunning light fixtures, ample storage space, beautiful LVP flooring throughout, oversized 2-car garage (could potentially fit more), and much more! This property has also seen some meticulous landscaping/exterior updates in 2022 including new stair railing and paint job (new petrified wood/statues are negotiable). The kitchen, dining/living space, first en-suite bedroom w/ 2 walk-in closets, and access to 2 covered balconies (north and south facing) make up the main floor; the rear balcony has access down to the fenced-in pool yard/seating area and boat dock w/ outdoor shower! The second floor holds two sizeable, en-suite bedrooms (one w/ access to covered balcony) and the laundry room. The top floor is entirely made up of the primary suite along with the last bedroom. Admire the massive primary bedroom w/ 3 walk-in closets and access to 4th covered balcony. Down the hall, the remainder of the floor holds a kitchenette, the last bedroom w/ fireplace, and beautiful primary bath. Don't miss out on this spacious hidden gem. Motto Mortgage Gulf Coast offering a free appraisal credit at closing!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,180
Year Built
- Built in 2006
Lot Details
- 8,850 Sq Ft Lot
- Lot Dimensions are 75 x 118
- Home fronts a canal
- Fenced
- Few Trees
Parking
- Attached Garage
Home Design
- Duplex
- Slab Foundation
- Metal Roof
- Concrete Fiber Board Siding
- Piling Construction
Interior Spaces
- 3,700 Sq Ft Home
- 3-Story Property
- Elevator
- High Ceiling
- Ceiling Fan
- 2 Fireplaces
- Storage
- Laundry on upper level
- Vinyl Flooring
- Canal Views
Kitchen
- Electric Range
- Microwave
- Dishwasher
- Wine Cooler
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary bedroom located on third floor
- En-Suite Bathroom
- Walk-In Closet
- Soaking Tub
- Separate Shower
Outdoor Features
- In Ground Pool
- Private Dock
- Balcony
- Covered Patio or Porch
Schools
- Gulf Shores Elementary School
- Gulf Shores Middle School
- Gulf Shores High School
Utilities
- Heating Available
Community Details
- Property has a Home Owners Association
- Association fees include other-see remarks
Listing and Financial Details
- Legal Lot and Block A / A
- Assessor Parcel Number 6604201000042.000903
Matterport 3D Tour
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 31, 2024
Closed on
May 31, 2024
Sold by
Johnson Rick D and Johnson Heather L
Bought by
Scarborough Joseph T and Scarborough Tina J
Seller's Agent
The Kevin Corcoran Team
RE/MAX of Gulf Shores
Buyer's Agent
Coleman Grau
RE/MAX Paradise
List Price
$799,000
Sold Price
$710,000
Premium/Discount to List
-$89,000
-11.14%
Views
163
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,502
Avg. Annual Appreciation
5.61%
Purchase Details
Listed on
Mar 13, 2018
Closed on
Aug 10, 2018
Sold by
Russell Leon J and Russell Linda L
Bought by
Hubbert Ronnie Deland and Hubbert Athena Nicole
Seller's Agent
The Pro Team
Bonds Realty & Auction
Buyer's Agent
Gary Gilpin
EXP REALTY,LLC
List Price
$439,000
Sold Price
$420,000
Premium/Discount to List
-$19,000
-4.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.46%
Original Mortgage
$305,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 10, 2016
Closed on
Jul 8, 2016
Sold by
Thomas Dennis and Thomas Sherry
Bought by
Russell Leon J and Russell Linda L
Seller's Agent
The Pro Team
Bonds Realty & Auction
Buyer's Agent
The Pro Team
Bonds Realty & Auction
List Price
$395,000
Sold Price
$395,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.98%
Original Mortgage
$265,000
Interest Rate
3.64%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 11, 2008
Sold by
U S Bank Na
Bought by
Whitaker Lonnie H and Whitaker Anne O
Purchase Details
Closed on
Mar 6, 2006
Sold by
Rayfield James W and Windham Paul E
Bought by
Windham Paul E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
6.37%
Mortgage Type
Fannie Mae Freddie Mac
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Scarborough Joseph T | $710,000 | None Listed On Document | |
| Hubbert Ronnie Deland | $42,000 | None Available | |
| Russell Leon J | $395,000 | Ct | |
| Whitaker Lonnie H | $75,300 | None Available | |
| Windham Paul E | -- | Slt |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hubbert Ronnie Deland | $305,000 | |
| Previous Owner | Russell Leon J | $265,000 | |
| Previous Owner | Windham Paul E | $550,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/31/2024 05/31/24 | Sold | $710,000 | -2.1% | $192 / Sq Ft | |
| 05/15/2024 05/15/24 | Pending | -- | -- | -- | |
| 04/22/2024 04/22/24 | Price Changed | $724,900 | -3.3% | $196 / Sq Ft | |
| 03/19/2024 03/19/24 | Price Changed | $749,900 | -1.8% | $203 / Sq Ft | |
| 03/08/2024 03/08/24 | Price Changed | $764,000 | -1.3% | $206 / Sq Ft | |
| 02/21/2024 02/21/24 | Price Changed | $773,900 | 0.0% | $209 / Sq Ft | |
| 02/20/2024 02/20/24 | Price Changed | $774,000 | -3.1% | $209 / Sq Ft | |
| 01/31/2024 01/31/24 | For Sale | $799,000 | +21.1% | $216 / Sq Ft | |
| 03/04/2022 03/04/22 | Sold | $660,000 | -4.2% | $178 / Sq Ft | View Prior Sale |
| 02/09/2022 02/09/22 | Pending | -- | -- | -- | |
| 02/07/2022 02/07/22 | For Sale | $689,000 | 0.0% | $186 / Sq Ft | |
| 02/03/2022 02/03/22 | Pending | -- | -- | -- | |
| 01/24/2022 01/24/22 | For Sale | $689,000 | +64.0% | $186 / Sq Ft | |
| 08/10/2018 08/10/18 | Sold | $420,000 | -2.1% | $124 / Sq Ft | View Prior Sale |
| 06/12/2018 06/12/18 | Pending | -- | -- | -- | |
| 04/14/2018 04/14/18 | Price Changed | $429,000 | -2.3% | $126 / Sq Ft | |
| 03/13/2018 03/13/18 | For Sale | $439,000 | +11.1% | $129 / Sq Ft | |
| 07/08/2016 07/08/16 | Sold | $395,000 | 0.0% | $116 / Sq Ft | View Prior Sale |
| 06/08/2016 06/08/16 | Pending | -- | -- | -- | |
| 04/10/2016 04/10/16 | For Sale | $395,000 | -- | $116 / Sq Ft |
Source: Baldwin REALTORS®
Tax History Compared to Growth
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 | $2,340 | $70,920 | $0 | $70,920 |
| 2023 | $2,180 | $66,060 | $0 | $66,060 |
| 2022 | $2,032 | $61,580 | $0 | $0 |
| 2021 | $1,155 | $46,660 | $0 | $0 |
| 2020 | $1,540 | $46,660 | $0 | $0 |
| 2019 | $1,352 | $40,960 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
The Kevin Corcoran Team
-
Kyra Barmettler
Seller Co-Listing Agent in 2024
Kyra Barmettler
RE/MAX
(251) 233-7304
33 in this area
64 Total Sales
-
Coleman Grau
Buyer's Agent in 2024
Coleman Grau
RE/MAX
(850) 449-2782
39 in this area
113 Total Sales
-
Jacquelyn Wells
Seller's Agent in 2022
Jacquelyn Wells
Coldwell Banker Coastal Realty
(251) 802-3630
22 in this area
224 Total Sales
-
The Pro Team
Seller's Agent in 2018
The Pro Team
Bonds Realty & Auction
(251) 752-1219
75 in this area
217 Total Sales
-
Gary Gilpin
Buyer's Agent in 2018
Gary Gilpin
EXP REALTY,LLC
(251) 967-4912
12 in this area
15 Total Sales
Map
Source: Baldwin REALTORS®
MLS Number: 357056
APN: 66-04-20-1-000-042.000-903
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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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