NOT LISTED FOR SALE

1261 Dorado Way Gulf Shores, AL 36542

Estimated Value: $549,244 - $659,000

3 Beds
3 Baths
2,096 Sq Ft
$278/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $559,900 $267 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,191/month

191 Days on Market

Highlights

  • FORTIFIED Gold
  • Main Floor Primary Bedroom
  • Covered Patio or Porch
  • Gulf Shores Elementary School Rated A-
  • Cottage
  • Attached Garage

About This Home

As of March 2024

Introducing an exquisite 3-bdrm, 3-bath JUST FINISHED/BRAND NEW home in a tranquil & sought after subdivision that strikes the perfect balance between proximity to conveniences as well as an escape from tourist-driven chaos. This FORTIFIED home, meticulously crafted by a reputable builder, promises a haven of comfort and luxury for those who appreciate quality living. Additionally, THE COLONY AT FORT MORGAN subdivision is just a stone's throw away from the heart of GULF SHORES & nearby tennis courts, boat launches and world-class GOLF COURSES! Don't miss the opportunity to make this top class home your own!! Floor plan available.

Last Agent to Sell the Property

Rick Phillips

Advantage Real Estate Listed on: 02/01/2024

Last Buyer's Agent

Rick Phillips

Advantage Real Estate Listed on: 02/01/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $335

Year Built

  • Built in 2023

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 45'x145'x84'x145
  • Landscaped
  • Interior Lot
  • Level Lot
  • Irregular Lot
  • Property is zoned Within Corp Limits

HOA Fees

  • $42 Monthly HOA Fees

Home Design

  • Home to be built
  • Cottage
  • Slab Foundation
  • Metal Roof
  • Concrete Fiber Board Siding

Interior Spaces

  • 2,096 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Combination Dining and Living Room
  • Utility Room
  • Fire and Smoke Detector

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Separate Shower

Parking

  • Attached Garage
  • Automatic Garage Door Opener

Schools

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

Utilities

  • Heat Pump System
  • Heating System Uses Natural Gas
  • Tankless Water Heater

Additional Features

  • FORTIFIED Gold
  • Covered Patio or Porch

Community Details

  • Association fees include management, common area maintenance, reserve funds, taxes-common area
  • The Colony At Fort Morgan Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 67-06-14-3-001-008.046

Home Details

Home Type

Single Family

Est. Annual Taxes

$335

Year Built

Built in 2023

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Slab, Fortified-Gold
  • Construction Status: To Be Built
  • Home Warranty: Yes
  • Mineral Rights: No Rights
  • Property Amenities: Automatic Garage Door, Ceiling Fan(s), Covered Patio, Porch-Back
  • Property Type: Residential Detached
  • Restrictive Covenants: Yes
  • Style: Cottage
  • Type of Unit: Ground Floor
  • Zoning Area: Single Family Residence, Within Corp Limits
  • Owners Association: Yes
  • Parcel Id Tax Id: 67-06-14-3-001-008.046
  • Year Built: 2023
  • Geo Subdivision: AL
  • Governing Municipality: Gulf Shores
  • Living Room Group: Living/Dining
  • Property Legal Description: Lot 38 The Colony at for Morgan and house thereon
  • Subdivsn Or Commnty: The Colony at Fort Morgan
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Microwave, Range-Gas, Smoke Detector
  • Estimated Living Area: 2096
  • Bathrooms: 3
  • Bedroom 2: Dimensions: 12.11x11.6, On Level: Main Level
  • Bedroom 3: Dimensions: 1`1x14.8, On Level: Main Level
  • Bedrooms: 3
  • Dining Area Type: Lvg/Dng/Ktchn Combo
  • Fireplace: No Fireplace
  • Floors: Carpet, Tile
  • Kitchen: Dimensions: 10x14, On Level: Main Level
  • Living Dining: Dimensions: 18.4x22.6, On Level: Main Level
  • Master Bed: Dimensions: 16.8x16, On Level: Main Level
  • Other Rooms: Utility Room-Inside
  • Price Per Sq Ft: 267.13
  • Property Interior Stories: 1.5
  • Primary Bedroom Bathroom Combo: Yes
  • Primary Bedroom Bathrooms: Separate Shower, 1st Floor Primary, Walk In Closet

Exterior Features

  • Body Of Water: Not In Baldwin
  • Exterior Finish: Concrete Board
  • Roof: Metal
  • Water Property Type: No Waterfront

Garage/Parking

  • Garage Parking: Attached, Double Garage

Utilities

  • Heat Cooling: Heat Pump (Cool)
  • Utilities: Gas-Natural, Water Heater-Tankless, Baldwin Emc, Gulf Shores Utilities

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association Fees: 500
  • Association Fees Include: Association Management, Common Area Maintenance, Reserve Funds, Taxes-Common Area
  • Community Amenities: Landscaping, Pets - Owners Only

Lot Info

  • Estimated Lot Size: 0.23
  • Lot Block Unit: 38/
  • Lot Description: Less Than 1 Acre, Inside Lot, Irregular-See Remarks, Level, Subdivision
  • Lot Size: 45'x145'x84'x145
  • Number Lots: 1

Tax Info

  • Property Taxes: 335
  • Assessor Parcel Number: 276363

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
Feb 1, 2024
Closed on
Mar 29, 2024
Sold by
Baker Clark Homes Inc
Bought by
Gee Brandon R
Seller's Agent
Rick Phillips
Advantage Real Estate
Buyer's Agent
Rick Phillips
Advantage Real Estate
List Price
$559,900
Sold Price
$559,900
Views
38
Current Estimated Value
$583,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,661
Avg. Annual Appreciation
2.42%
Original Mortgage
$75,000
Outstanding Balance
$62,352
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$521,209

Purchase Details

Closed on
Apr 10, 2023
Sold by
Dgl Family Limited Partnership and Dgl Holdings Inc
Bought by
Baker Clark Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
5.89%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gee Brandon R $559,000 None Listed On Document
Baker Clark Homes Inc $195,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gee Brandon R $75,000
Previous Owner Baker Clark Homes Inc $310,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2024 03/29/24 Sold $559,900 0.0% $267 / Sq Ft
03/11/2024 03/11/24 Pending -- -- --
01/22/2024 01/22/24 For Sale $559,900 0.0% $267 / Sq Ft
01/22/2024 01/22/24 Price Changed $559,900 +2.0% $267 / Sq Ft
12/18/2023 12/18/23 Pending -- -- --
09/02/2023 09/02/23 For Sale $549,000 -- $262 / 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 $1,001 $30,320 $6,200 $24,120
2023 $456 $13,400 $13,400 $0
2022 $413 $12,500 $0 $0
2021 $333 $10,100 $0 $0
2020 $330 $10,000 $0 $0
2019 $330 $10,000 $0 $0
2018 $139 $4,200 $0 $0
2017 $116 $3,500 $0 $0
2016 $116 $3,500 $0 $0
2015 $83 $2,500 $0 $0
2014 $50 $1,500 $0 $0
2013 -- $1,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Baldwin REALTORS®

MLS Number: 351252

Baldwin REALTORS®

APN: 67-06-14-3-001-008.046