NOT LISTED FOR SALE

120 N Summit St Fairhope, AL 36532

Estimated Value: $1,922,000 - $2,513,099

5 Beds
3.5 Baths
6,276 Sq Ft
$368/Sq Ft Est. Value

Last Sold May 11, 2018

Last sale price $1,250,000 $199 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $12,622/month

213 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • Traditional Architecture
  • Main Floor Primary Bedroom
  • Fairhope West Elementary School Rated A-
  • Wood Flooring
  • Jetted Tub in Primary Bathroom

About This Home

As of May 2018

This EXTRAORDINARY Executive-style Mansion in Downtown Fairhope leaves nothing to be desired! Experience luxury at every turn with stunning Oak Floors, Arched Windows & Entryways throughout, and multiple Walk-In Closets. Expansive Living Room features Custom Stone Fireplace and magnificent winding Staircase with Wrought-Iron Banisters, while Open Floor Plan with spacious Balcony Landing allows for easy communication between floors. Your GOURMET Kitchen offers Stainless Steel Appliances, Granite Counters & Backsplash, Gas Range, and lengthy Breakfast Bar with Pendant Lighting, as well as Walk-In Pantry, Island Counter, and beautiful Maple Cabinetry. Appliances include Wine Cooler, Trash Compactor, Under Counter Fridge and MUCH MORE! Ideal for hosting large gatherings, home provides oversized Breakfast Area along with massive Formal Dining Room with Trey Ceiling & French-Doors leading to Porch. Not to be missed is your very own Elevator with access to all 3 levels of home: Basement, Main Floor, and Upstairs! Lovely Master Suite showcases state-of-the-art Surround Sound Stereo System, Marble Whirlpool Tub, Marble Slate Steam Shower, Washer/Dryer Closet, and Gas Fireplace! All bathrooms feature Bamboo flooring, Maple Cabinets, and Granite Dual Vanity Sinks. Upstairs Rec Room has Wet Bar & Double French Doors, while Toy Room includes Walk-in Closet & Servant Staircase to Kitchen. Coffered Ceilings & Built-In Shelving in Office, plus Media Room offers even more space to spread out! Other WOW factors include: Central Vac, Home Entertainment System, Digital Phone System, Intercom System, Fiberglass Insulation, Attached Garage/Workshop, and Back-Up Gas Generator. And with Circle Drive, massive Covered Front Porch/ Balcony Porch, fresh exterior paint, total Re-Landscaping, and Irrigation System, the property enjoys breathtaking Curb Appeal! All this and MORE sits within walking distance of local diners, shopping, and beautiful Mobile Bay!!

Last Agent to Sell the Property

Ben Workman

Local Property Inc. License #110494 Listed on: 09/20/2017

Last Buyer's Agent

Ben Workman

Local Property Inc. License #110494 Listed on: 09/20/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,805

Year Built

  • Built in 2000

Lot Details

  • Lot Dimensions are 120x177
  • 2 Lots in the community

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Composition Roof

Interior Spaces

  • 6,276 Sq Ft Home
  • 2-Story Property
  • 1 Elevator
  • Wet Bar
  • Central Vacuum
  • High Ceiling
  • ENERGY STAR Qualified Ceiling Fan
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • Insulated Doors
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room

Kitchen

  • Breakfast Area or Nook
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Jetted Tub in Primary Bathroom
  • Separate Shower

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Security Lights
  • Intercom
  • Termite Clearance

Parking

  • 4 Car Attached Garage
  • Automatic Garage Door Opener

Schools

  • Fairhope Elementary School
  • Fairhope Middle School
  • Fairhope High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Tankless Water Heater
  • Internet Available
  • Cable TV Available

Additional Features

  • Wheelchair Access
  • Energy-Efficient Insulation
  • Patio
  • Mineral Rights

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 46-03-37-0-006-002.501

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,805

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Piers
  • Construction Status: Resale
  • Home Warranty: Yes
  • Mineral Rights: Owner Conveys If Any
  • Property Amenities: Automatic Garage Door, Cable, Ceiling Fan(s), Private Elevator, High Ceilings, Internet, Irrigation Sprinkler, Porch-Open, Patio, Security Lighting, Security System, Split Bedroom Plan, Termite Contract, Wet Bar, Wheelchair Accessible, Window Treatments
  • Property Type: Residential Detached
  • Style: Traditional
  • Zoning Area: Single Family Residence
  • Parcel Id Tax Id: 46-03-37-0-006-002.501
  • Year Built: 2000
  • Geo Subdivision: AL
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Central Vacuum, Dishwasher, Disposal, Dryer, Icemaker, Intercom, Microwave, Range-Gas, Refrigerator, Trash Compactor, Washer, Wine Cooler
  • Estimated Living Area: 6276
  • Bathrooms: 3
  • Bedroom 2: Dimensions: 18x15, On Level: 2
  • Bedroom 3: Dimensions: 18x14, On Level: 2
  • Bedroom 4: Dimensions: 18x19, On Level: 2
  • Bedroom 5: Dimensions: 18x27, On Level: 2
  • Bedrooms: 5
  • Breakfast Room: Dimensions: 11x14, On Level: Main Level
  • Dining Area: Dimensions: 19x17.6, On Level: Main Level
  • Dining Area Type: Breakfast Area-Kitchen, Separate Dining Room
  • Elevators: 1
  • Fireplace: Living Room, Primary Bedroom
  • Floors: Carpet, Wood
  • Half Bathrooms: 1
  • Kitchen: Dimensions: 23x17.6, On Level: Main Level
  • Living Room: Dimensions: 35x25, On Level: Main Level
  • Master Bed: Dimensions: 19x17.6, On Level: Main Level
  • Number Of Fireplaces: 2
  • Price Per Sq Ft: 199.17
  • Property Interior Stories: 2
  • Rec Room Level: 2
  • Primary Bedroom Bathrooms: Double Vanity, Jetted Tub, Separate Shower, 1st Floor Primary, Fireplace, Walk In Closet, Balcony/Patio

Exterior Features

  • Exterior Finish: Brick
  • Roof: Composition Shingle
  • Water Property Type: No Waterfront

Garage/Parking

  • Number Of Garage Spaces: 4
  • Garage Parking: Attached, Three or More Vehicles

Utilities

  • Heat Cooling: Central Electric (Cool), Central Heat, Heat Pump
  • Utilities: Fairhope Utilities

Condo/Co-op/Association

  • Condo Building Stories: 2

Schools

  • Intermediate School: Fairhope Intermediate

Green Features

  • Energy Saving Features: Ceiling Fan(s), Double Pane Windows, Extra Insulation, Tankless Water Heater, Thermal Doors

Lot Info

  • Lot Block Unit: 2
  • Lot Size: 120x177
  • Multiple Lots: Yes
  • Number Lots: 2

Rental Info

  • More Than2 Pets Allowed: Yes

Tax Info

  • Fairhope Single Tax: Yes
  • Property Taxes: 3804.74
  • Assessor Parcel Number: 14465

MLS Schools

  • Elementary School: Fairhope Elementary
  • HighSchool: Fairhope High
  • Middle School: Fairhope Middle

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2017
Closed on
May 11, 2018
Sold by
Mcsharry Ronan F
Bought by
Walker Benjamin and Walker Paula
Seller's Agent
Ben Workman
Local Property Inc.
Buyer's Agent
Ben Workman
Local Property Inc.
List Price
$1,400,000
Sold Price
$1,250,000
Premium/Discount to List
-$150,000
-10.71%
Current Estimated Value
$2,310,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,060,275
Avg. Annual Appreciation
8.50%

Purchase Details

Closed on
Apr 27, 2017
Sold by
Reese Gerald W and Reese Roma W
Bought by
Mcsharry Ronan F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,096
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Walker Benjamin $1,250,000 None Available
Mcsharry Ronan F $250,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcsharry Ronan F $424,096
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2018 05/11/18 Sold $1,250,000 -9.7% $199 / Sq Ft
04/21/2018 04/21/18 Pending -- -- --
03/07/2018 03/07/18 Price Changed $1,385,000 -1.1% $221 / Sq Ft
10/11/2017 10/11/17 For Sale $1,400,000 +12.0% $223 / Sq Ft
10/03/2017 10/03/17 Off Market $1,250,000 -- --
09/20/2017 09/20/17 For Sale $1,400,000 -- $223 / 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 $5,342 $135,720 $47,200 $88,520
2023 $5,342 $135,720 $47,200 $88,520
2022 $5,342 $135,720 $0 $0
2021 $5,542 $123,380 $0 $0
2020 $0 $115,700 $0 $0
2019 $0 $116,520 $0 $0
2018 $9,721 $226,060 $0 $0
2017 $3,805 $126,760 $0 $0
2016 $3,805 $106,980 $0 $0
2015 -- $109,180 $0 $0
2014 -- $91,800 $0 $0
2013 -- $89,140 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Baldwin REALTORS®

MLS Number: 260861

Baldwin REALTORS®

APN: 46-03-37-0-006-002.501