NOT LISTED FOR SALE

1589 E Cotton Rd Eclectic, AL 36024

Estimated Value: $501,000 - $685,000

90 Acres
$6,166 Price per Acre
3,920,400 Sq Ft Lot

Last Sold June 03, 2020

Last sale price $473,000

Est. 17% increase in value since last sale

Current estimated payment $2,935/month

176 Days on Market

Highlights

  • Waterfront
  • 90 Acre Lot
  • Central Heating and Cooling System
  • Eclectic Elementary School Rated A-

About This Lot

As of June 2020

Escape from it all at this 90 acre retreat featuring a 10 acre recreational trophy bass lake and mature hardwood and pine forest. Two food plots with shooting houses are already in place in wooded areas and another is positioned beside the lake surrounded by saw-tooth oak and pear trees. Spend summers fishing on the lake with consultations by Southeastern Pond Management or exploring the hardwood and pine tree forest on multiple 4-wheeler trails. Come home to the 2 bed, 2 bath cabin! Heart pine flooring, a vaulted ceiling and exposed beams flow throughout the fireside living room, dining room and kitchen with oak cabinetry and stainless appliances. A master suite, guest room and rec room provide plenty of space for everyone. Enjoy the views from the deck, patio and private pier!

Last Agent to Sell the Property

Becky Haynie

Lake Martin Realty - Willow Point License #86284 Listed on: 10/28/2019

Last Buyer's Agent

NonMember Agent

Non-Member

Property Details

Property Type

  • Land

Lot Details

  • 90 Acre Lot
  • Waterfront

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 07 09 31 0 000 001.000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Sub Type: Farm
  • Prop. Type: Acreage/Farm
  • Lot Size Acres: 90.0
  • Water Body Name: Private
  • Subdivision Name: None
  • Directions: Go south from Kowaliga Bridge on AL #63; turn left (east) on AL # 50; turn right (south) on Landers Swink Rd; turn right (west) on East Cotton RD; see sign .20 miles on right.
  • Utilities Fuel: Alabama Power: Yes
  • Cooling: Central( Elec)2: Yes
  • Sewage: Septic: Yes
  • Water: Well Water: Yes
  • Special Features: None

Exterior Features

  • Lot Features: Waterfront, Lot Remarks
  • Waterfront: Yes

Utilities

  • Cooling: Central (Elec)
  • Cooling Y N: Yes
  • Heating: Central (Elec)
  • Heating Yn: Yes
  • Utilities: Water Available
  • Water Source: Well
  • Water Available: Yes
  • Heating:Central (Elec): Yes

Schools

  • Junior High Dist: Call Superintendent

Lot Info

  • Lot Size Sq Ft: 3920400.0
  • Parcel #: 07 09 31 0 000 001.000
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2024
Sold by
Downs Lenna
Bought by
Downs James
Current Estimated Value
$554,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Outstanding Balance
$274,500
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$280,482

Purchase Details

Listed on
Oct 28, 2019
Closed on
Jun 1, 2020
Sold by
Burns Frank M
Bought by
Downs James and Downs Lenna
Seller's Agent
Becky Haynie
Lake Martin Realty - Willow Point
Buyer's Agent
NonMember Agent
Non-Member
List Price
$537,000
Sold Price
$473,000
Premium/Discount to List
-$64,000
-11.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.87%
Original Mortgage
$378,400
Interest Rate
3.2%
Mortgage Type
New Conventional
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Downs James -- None Listed On Document
Downs James -- None Listed On Document
Downs James $473,000 South Oak Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Downs James $280,000
Closed Downs James $280,000
Previous Owner Downs James $378,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/22/2023 06/22/23 Off Market $473,000 -- --
06/03/2020 06/03/20 Sold $473,000 -11.9% --
04/22/2020 04/22/20 Pending -- -- --
10/28/2019 10/28/19 For Sale $537,000 -- --
Source: Lake Martin Area Association of REALTORS®

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 $640 $23,400 $0 $0
2023 $600 $447,950 $275,620 $172,330
2022 $507 $30,342 $14,330 $16,012
2021 $511 $40,222 $24,040 $16,182
2020 $476 $36,550 $24,040 $12,510
2019 $815 $36,570 $23,920 $12,650
2018 $893 $76,568 $47,840 $28,728
2017 $774 $30,620 $20,388 $10,232
2016 $811 $35,700 $23,920 $11,780
2014 $798 $276,880 $160,080 $116,800
Source: Public Records

Agents Affiliated with this Home

  • Becky Haynie

    Seller's Agent in 2020

    Becky Haynie

    Lake Martin Realty - Willow Point

    (334) 312-0928

    173 Total Sales

    Becky Haynie
    Section Image

  • N

    Buyer's Agent in 2020

    NonMember Agent

    Non-Member

See All Agents

Map

Source: Lake Martin Area Association of REALTORS®

MLS Number: 19-1467

APN: 07-09-31-0-000-001000-0

Alabama Elmore County Eclectic 36024

1589 E Cotton Rd, Eclectic, AL

Not Listed for Sale

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