$479,500
SOLD MAY 19, 2025

121 Martin Ridge Trace Tallassee, AL 36078

4 Beds
2 Baths
1,380 Sq Ft
0.5 Acres

Recently Sold

$347 Per Sq Ft

1% Below List Price

17 Days on Market

Highlights

  • Waterfront
  • Wooded Lot
  • 1 Fireplace
  • Reeltown Elementary School Rated 9+
  • Lake House
  • Screened Porch

About This Home

As of May 2025

Ready for some summer lake fun? This 4 bedroom/2 bath cabin-style home in the short term rental-friendly neighborhood, The Village at Kowaliga Bay, has everything you need! This beautifully decorated home is being sold completely furnished and offers open living space with lots of room to entertain guests - both inside and outside. The spacious living room features a wood-burning fireplace and opens up into the galley kitchen with breakfast bar. Tucked behind the kitchen is a fabulous wet bar and laundry area with washer and dryer. The split floor plan features an owner's suite with king bed and ensuite bathroom and another bedroom with single bed and trundle. On the other side you will find two additional bedrooms, one with a queen bed and the other with two sets of bunk beds. The outdoor living areas lets you escape to the woods. A large screened-in porch with smart TV is a wonderful feature and leads to the open-air porch with outdoor dining table and gas grill. Enclosed storage area under the house for all the lake toys as well as covered concrete pad with power for golf cart storage makes it convenient for a one minute ride down to the lake. The Village at Kowaliga Bay is a friendly water access community equipped with a clubhouse and pool, boat slips, boat ramps, a fitness center, and on-site boat storage. Be sure to check this one out today!

Last Agent to Sell the Property

Elisabeth (Beth) Brown

LAH Sotheby's International Realty Lake Martin License #138561 Listed on: 04/04/2025

Co-Listed By

TRICIA YOUNG

LAH Sotheby's International Realty Lake Martin License #87479-0

Last Buyer's Agent

Elisabeth (Beth) Brown

Three Sixty Resort Living License #138561

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,037

Year Built

  • Built in 2021

Lot Details

  • 0.5 Acre Lot
  • Waterfront
  • Wooded Lot

Parking

  • No Garage

Home Design

  • Lake House

Interior Spaces

  • 1-Story Property
  • 1 Fireplace
  • Screened Porch

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Deck
  • Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Community Sewer or Septic

Community Details

  • The Village At Kowaliga Bay HOA
  • The Village At Kowaliga Bay Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0707260001026.011

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,037

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.5
  • Water Body Name: Lake Martin
  • Co List Office Mls Id: threesixtylm
  • Co List Office Phone: 256-827-5253
  • Subdivision Name: The Village at Kowaliga Bay
  • Directions: From Hwy 50, cross Martin Dam, go about 2 miles and turn right into the Village at Kowaliga Bay onto Whisper Trace. Take first left onto Martin Ridge Trace. House is on the left side towards the end of the cul-de-sac
  • Architectural Style: Lake Home
  • Building Stories: 1
  • Year Built: 2021
  • Utilities Fuel: Alabama Power: Yes
  • Cooling: Central( Elec)2: Yes
  • Exterior: Patio: Yes
  • Exterior: Wooded: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Exterior: Covered Deck: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Exterior: Screen Porch: Yes
  • Miscellaneous Restrictions: Village KB C&R
  • Sewage: Community Sewer: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Fireplace:Wood Burning: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Oven (Elec): Yes
  • Appliances:Water Heater (Elec): Yes
  • Appliances:Range (Elec): Yes
  • Appliances:Ice Machine: Yes

Exterior Features

  • Lot Features: Waterfront, Lot Remarks, Wooded
  • Waterfront: No
  • Exterior Features: Covered Deck, Screen Porch
  • Patio And Porch Features: Patio
  • Lot Features:Wooded2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage
  • General Property Description:Garage Stall2: 0
  • General Property Description:Garage Remarks2: No Garage

Utilities

  • Cooling: Central (Elec)
  • Cooling Y N: Yes
  • Heating: Central (Elec)
  • Heating Yn: Yes
  • Heating:Central (Elec): Yes

Condo/Co-op/Association

  • Association Name: The Village at Kowaliga Bay HOA
  • Phone: theVillageatKowaligaBay@gmail.com

Schools

  • Junior High Dist: Call Superintendent

Lot Info

  • Lot Size Sq Ft: 21780.0
  • Parcel #: 0707260001026.011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2025
Closed on
May 19, 2025
Sold by
Howard Maurice and Howard Julie
Bought by
Hester Kimberly M
Seller's Agent
Elisabeth (Beth) Brown
LAH Sotheby's International Realty Lake Martin
Buyer's Agent
Elisabeth (Beth) Brown
LAH Sotheby's International Realty Lake Martin
List Price
$484,900
Sold Price
$479,500
Premium/Discount to List
-$5,400
-1.11%
Views
10
Current Estimated Value
$481,085

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,585
Avg. Annual Appreciation
1.19%
Original Mortgage
$275,800
Outstanding Balance
$275,313
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$205,772

Purchase Details

Closed on
Aug 17, 2021
Sold by
Slate Barganier Buildings Inc
Bought by
Howard Maurice and Howard Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,250
Interest Rate
2.8%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $479,500 None Listed On Document
Warranty Deed $479,500 None Listed On Document
Warranty Deed $322,501 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $275,800 New Conventional
Closed $275,800 New Conventional
Previous Owner $290,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2025 05/19/25 Sold $479,500 -1.1% $347 / Sq Ft
04/21/2025 04/21/25 Pending -- -- --
04/04/2025 04/04/25 For Sale $484,900 -- $351 / Sq Ft
Source: Lake Martin Area Association of 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 $2,037 $79,460 $0 $0
2023 $2,037 $350,500 $75,000 $275,500
2022 $1,643 $56,634 $6,034 $50,600
2021 $151 $6,034 $6,034 $0
2020 $151 $6,034 $6,034 $0
2019 $151 $6,034 $6,034 $0
2018 $151 $6,034 $6,034 $0
2017 $151 $6,040 $6,040 $0
2016 $151 $6,034 $6,034 $0
2014 $151 $30,170 $30,170 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Martin Area Association of REALTORS®

MLS Number: 25-1525

APN: 07-07-26-0-001-026011-0