NOT LISTED FOR SALE

1242 W Lagoon Ave Unit B Gulf Shores, AL 36542

Estimated Value: $1,469,902 - $1,532,000

4 Beds
3 Baths
2,750 Sq Ft
$543/Sq Ft Est. Value

Last Sold September 14, 2018

Last sale price $425,000 $155 Per Sq Ft

Est. 251% increase in value since last sale

Current estimated payment $8,560/month

128 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Fishing Pier
  • Home fronts a lagoon or estuary
  • Gulf Shores Elementary School Rated A-
  • Boat Lift
  • Jetted Tub in Primary Bathroom

About This Home

As of September 2018

AWESOME NEWS! PRICE DROP! MOTIVATED SELLER! MAKE AN OFFER... Are you Looking for that PERFECT Duplex on the Lagoon? LOOK NO FARTHER!!! This Property will have EVERYTHING on your Wish List! And Will Be GONE BEFORE YOU KNOW IT!!! This AWESOME property could be YOUR RENTAL MACHINE!!! COMES FURNISHED (Some personal items will not convey). The unit has 4 Bedrooms, 3 Baths and 2750+/- s/f. (There is also a BONUS Bunk Nook in the Hallway, which means with the sofa sleeper, it sleeps from 10-12+!!!) The spacious unit features 10' ceilings, Stainless Appliances and Custom Built-ins. Built to storm codes, it has 2X6 exterior walls and Storm Shutters. Water is 4-6' deep.... GREAT FOR BOATS & JETSKIS. The Lot is 50X325, which means that there is PLENTY of room for parking your Boats & Toys! AND GET THIS: The Public Beach to the Gulf is a short distance to 12th Street, SO YOU CAN ENJOY THE BEST THAT OUR LITTLE PIECE OF PARADISE HAS TO OFFER!!! DON'T HESITATE! GIVE US A CALL ASAP... AND MAKE AN OFFER!!!

Last Agent to Sell the Property

Kathy Melson

Coastal Real Estate Center LLP Listed on: 03/26/2018

Last Buyer's Agent

Shannon Hesse Smart

South Coast Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,828

Year Built

  • Built in 2006

Lot Details

  • Lot Dimensions are 50'x325'
  • Home fronts a lagoon or estuary
  • Level Lot
  • Few Trees
  • Property is zoned 2+ Family Residence, Within Corp Limits

Home Design

  • Entry on the 2nd floor
  • Slab Foundation
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2,750 Sq Ft Home
  • 2-Story Property
  • Furnished
  • High Ceiling
  • ENERGY STAR Qualified Ceiling Fan
  • Ceiling Fan
  • Double Pane Windows
  • Insulated Doors
  • Combination Dining and Living Room
  • Storage

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Jetted Tub in Primary Bathroom
  • Separate Shower

Laundry

  • Dryer
  • Washer

Home Security

  • Security Lights
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Parking

  • Garage
  • Carport

Outdoor Features

  • Deeded Waterfront Access Rights
  • Pier
  • Bulkhead
  • Boat Lift
  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Gulf Shores Elementary School
  • Gulf Shores Middle School
  • Gulf Shores High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Energy-Efficient Appliances
  • Mineral Rights

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 67-06-24-4-000-004.000

Community Details

Overview

  • Carl T Martin Subdivision

Recreation

  • Fishing Pier

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,828

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Slab & Piers
  • Construction Status: Resale
  • Home Warranty: Yes
  • Mineral Rights: Owner Conveys If Any
  • Property Amenities: Bunk Alcove, Cable, Carbon Monoxide Detector, Ceiling Fan(s), Covered Patio, En-Suite, High Ceilings, Security Lighting, Split Bedroom Plan, Storage-In, Storage-Out, Window Treatments
  • Property Type: Residential Attached
  • Style: Duplex
  • View: Direct Lagoon Front
  • Zoning Area: 2+ Family Residence, Within Corp Limits
  • Parcel Id Tax Id: 67-06-24-4-000-004.000
  • Year Built: 2006
  • Geo Subdivision: AL
  • Governing Municipality: Gulf Shores
  • Subdivsn Or Commnty: Carl T Martin
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Icemaker, Microwave, Range-Electric, Refrigerator W/Ice Maker, Smoke Detector, Washer
  • Estimated Living Area: 2750
  • Balcony Size: 16X30
  • Bathrooms: 3
  • Bedroom 2: Dimensions: 16X12, On Level: Main Level
  • Bedroom 3: Dimensions: 16X12, On Level: Main Level
  • Bedroom 4: Dimensions: 9X18, On Level: Main Level
  • Bedrooms: 4
  • Dining Area Type: Lvg/Dng/Ktchn Combo
  • Floors: Carpet, Tile, Laminate
  • Kitchen: Dimensions: 12X12, On Level: Main Level
  • Living Dining: Dimensions: 34X14, On Level: Main Level
  • Master Bed: Dimensions: 14X16, On Level: Main Level
  • Price Per Sq Ft: 154.55
  • Property Interior Stories: 2
  • Unit Floor: 2
  • Primary Bedroom Bathroom Combo: Yes
  • Primary Bedroom Bathrooms: Double Vanity, Jetted Tub, Separate Shower, Walk In Closet, Balcony/Patio

Exterior Features

  • Boat Facilities: Boat Dock, Boat Lift, Covered, Power Available, Water Depth (4 Ft+)
  • Body Of Water: Little Lagoon
  • Exterior Finish: Wood, Storm Shutters
  • Roof: Metal
  • Waterfront: Yes
  • Water Property Type: Lagoon Front - Building

Garage/Parking

  • Number Of Parking Spaces: 4
  • Garage Parking: Double Carport, Three or More Vehicles, Condo: Covered Parking

Utilities

  • Heat Cooling: Central Electric
  • Utilities: Gulf Shores Utilities

Condo/Co-op/Association

  • Community Amenities: Fishing Pier, Pets - Owners Only, Pets - Allowed, Water Access-Deeded
  • Condo Building Stories: 2

Green Features

  • Energy Saving Features: Ceiling Fan(s), Double Pane Windows, Energy Effic Appliances, Thermal Doors

Lot Info

  • Lot Block Unit: LOT 11, BLK A
  • Lot Description: Less Than 1 Acre, Level, Some Trees, Waterfront, Bulkhead, Pier, Boat Lift
  • Lot Size: 50'X325'

Rental Info

  • Furnished: Yes

Tax Info

  • Property Taxes: 1828.20
  • Assessor Parcel Number: 031312

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2018
Closed on
Sep 21, 2018
Sold by
Patel Jitendarkumar Mangubhai
Bought by
Myrick & Olmsted Investments Llc
Seller's Agent
Kathy Melson
Coastal Real Estate Center LLP
Buyer's Agent
Shannon Hesse Smart
South Coast Properties
List Price
$575,000
Sold Price
$425,000
Premium/Discount to List
-$150,000
-26.09%
Current Estimated Value
$1,492,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,067,476
Avg. Annual Appreciation
19.29%
Original Mortgage
$825,000
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 20, 2015
Sold by
Klein Mark and Klein Shelley
Bought by
Patel Jitendrakumar Mangubhai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2010
Sold by
West Lagoon Partners Llc
Bought by
Klein Mark and Klein Shelley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 2006
Sold by
Lagoon Duplexes Llc
Bought by
West Lagoon Partners Llc
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
Myrick & Olmsted Investments Llc -- None Available
Patel Jitendrakumar Mangubhai $640,000 Professional Land Title Inc
Klein Mark $590,000 Professional Land Title Inc
West Lagoon Partners Llc -- Professional Land Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Myrick & Olmsted Investments Llc $825,000
Previous Owner Patel Jitendrakumar Mangubhai $316,000
Previous Owner Klein Mark $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2018 09/14/18 Sold $425,000 -26.1% $155 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
06/27/2018 06/27/18 For Sale $575,000 0.0% $209 / Sq Ft
06/27/2018 06/27/18 Price Changed $575,000 +35.3% $209 / Sq Ft
06/27/2018 06/27/18 Off Market $425,000 -- --
03/26/2018 03/26/18 For Sale $599,900 -- $218 / 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 $8,976 $272,000 $51,100 $220,900
2023 $8,433 $255,540 $53,900 $201,640
2022 $6,465 $195,900 $0 $0
2021 $4,856 $141,340 $0 $0
2020 $6,671 $197,720 $0 $0
2019 $2,785 $84,380 $0 $0
2018 $1,863 $56,460 $0 $0
2017 $1,828 $55,400 $0 $0
2016 $3,816 $111,780 $0 $0
2015 -- $98,920 $0 $0
2014 -- $98,020 $0 $0
2013 -- $98,880 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kathy Melson

    Seller's Agent in 2018

    Kathy Melson

    Coastal Real Estate Center LLP

    (251) 284-3730

    2 in this area

    7 Total Sales

    Kathy Melson
    Section Image
  • Shannon Hesse Smart

    Buyer's Agent in 2018

    Shannon Hesse Smart

    South Coast Properties

    (205) 305-7200

    3 in this area

    182 Total Sales

    Shannon Hesse Smart
    Section Image
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Map

Source: Baldwin REALTORS®

MLS Number: 267754

Baldwin REALTORS®

APN: 67-06-24-4-000-004.000

Alabama Baldwin County Gulf Shores 36542

1242 W Lagoon Ave Unit B, Gulf Shores, AL

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