NOT LISTED FOR SALE

1602 Alabama Dr Unit 105 Winter Park, FL 32789

Estimated Value: $1,590,000 - $1,982,000

2 Beds
2.5 Baths
2,096 Sq Ft
$975/mo HOA Fee

Last Sold July 01, 2021

Last sale price $1,295,000 $618 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $12,667/month

4 Days on Market

Highlights

  • Boathouse
  • 260 Feet of Waterfront
  • Chain Of Lake Views
  • Winter Park High Rated A+
  • Boat Dock
  • 3.29 Acre Lot

About This Home

As of July 2021

Elegant, first-level, sought-after condominium that has been completely renovated by Z Properties with two private entrances that were a part of the former lobby of the historical Alabama. This two-bedroom, two-and-a-half-bath condominium is located across from Lake Maitland in Old Winter Park. This residence is a rare find with gorgeous original hardwood floors, crown molding, custom 9-foot doors and 12-plus-foot exquisitely detailed ceilings. The private courtyard is perfect for dining and entertaining guests. There are only five private patios in the entire complex. The kitchen is made for a chef to enjoy with top-of-the-line Thermador appliances. The oversized master suite has custom built-ins with a fantastic en-suite master bath with dual sinks and a walk-in closet. You will feel like you are entertaining a hip Manhattan condominium in the fabulous and open family room with a wood-burning fireplace and custom bookshelves. The condominium provides panoramic views of Lake Maitland from the dining room, family room and guest bedroom, offering the new owner a calming retreat. Extras include boat slips, climate-controlled storage closet, community pool, clubhouse, over five acres of sprawling grounds, one deeded carport and plenty of guest parking. The Alabama is located on the Lake Maitland of the Winter Park Chain of Lakes. Minutes away from Park Avenue, Winter Park Racquet Club, boutiques, the farmers market and restaurants. No rentals are allowed. Small to medium pets are permitted. First-floor units in The Alabama hardly ever come on the market. Call today to make this your new home.

Last Agent to Sell the Property

Mick Night

PREMIER SOTHEBY'S INTL. REALTY License #525290 Listed on: 06/11/2021

PREMIER SOTHEBY'S INTL. REALTY

Last Buyer's Agent

Rhonda Chesmore

KELLY PRICE & COMPANY LLC License #699643

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,113

Year Built

  • Built in 1921

Lot Details

  • 260 Feet of Waterfront
  • Property fronts a lake that is connected to a chain of lakes
  • Northeast Facing Home
  • Fenced
  • Irrigation
  • Condo Land Included
  • Historic Home

HOA Fees

  • $975 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Spanish Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Tile Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,096 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Shades
  • Great Room
  • Family Room Off Kitchen
  • Den
  • Sun or Florida Room
  • Wood Flooring
  • Chain Of Lake Views
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Built-In Convection Oven
  • Cooktop with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 1 Carport Space
  • Assigned Parking

Outdoor Features

  • Access To Chain Of Lakes
  • First Come-First Served Dock
  • Boathouse
  • Patio
  • Rain Gutters

Schools

  • Lakemont Elementary School
  • Maitland Middle School
  • Winter Park High School

Utilities

  • Zoned Heating and Cooling
  • Electric Water Heater
  • Private Sewer
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, insurance, maintenance structure, ground maintenance, maintenance repairs, manager, sewer, trash, water
  • Cathy Wasson Association, Phone Number (407) 647-2622
  • Alabama Condo Subdivision
  • The community has rules related to deed restrictions

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Boat Dock
  • Community Boat Slip
  • Community Pool

Pet Policy

  • Pets up to 20 lbs
  • 2 Pets Allowed

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,113

Year Built

Built in 1921

Lot Details

0

HOA Fees

$975 per month

Listing Details

  • HOA Fee Includes: Community Pool, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Historical, Spanish/Mediterranean, Traditional
  • Construction Materials: Block, Brick, Stucco
  • Fireplace: Yes
  • Living Area: 2096
  • Lot Size Acres: 3.29
  • New Construction: No
  • Year Built: 1921
  • Building Area Total: 2096
  • Lot Size Sq Ft: 143198
  • Directions to Property: Park Avenue to Palmer to Alabama to Mayfield (parking is in back off Mayfield)
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/O5950302?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/O5950302?w=Customer
  • Floor Number: 1
  • Homestead Y N: No
  • Number Of Pets: 2
  • Total Acreage: 2 to less than 5
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 617.84
  • Close to Original List Price Ratio: 1
  • Ratio: Current Price\Building Area Total: 617.84
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Fireplace Features: Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Crown Molding, Eating Space In Kitchen, High Ceiling(s), Kitchen/Family Room Combo, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range Hood, Refrigerator, Washer
  • Foundation Details: Crawlspace, Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 4
  • Window Features: Shades
  • Street Number Modifier: 1602
  • Room Count: 6
  • Additional Rooms: Den/Library/Office, Florida Room, Great Room

Exterior Features

  • Direction Faces: Northeast
  • Other Structures: Boat House
  • Exterior Features: Fenced, Irrigation System, Rain Gutters
  • Roof: Built-Up, Tile
  • Pool Private: No
  • View: Water
  • Water Body Name: Lake Maitland
  • Waterfront: Yes
  • Patio and Porch Features: Patio
  • Water View: Lake - Chain of Lakes
  • Water Access: Lake - Chain of Lakes
  • Water Extras: Boathouse, Dock - Slip 1st Come
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 260
  • Water Frontage Feet Lake Chain: 260
  • Disclosures: HOA/PUD/Condo Disclosure, Lead Paint, Seller Property Disclosure

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Assigned, Covered
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Cable Connected
  • Cooling: Central Air, Zoned
  • Heating: Central
  • Sewer: Private Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Pool, Water Access
  • Association Amenities: Boat Slip, Clubhouse, Boat Dock, Elevator(s), Pool
  • Association Fee Frequency: Monthly
  • Association Name: Cathy Wasson
  • Phone: 407-647-2622
  • Association: Yes
  • Security: Fire Sprinkler System, Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 975
  • Condo Fees Term: Monthly
  • Association Email: cwasson@greatcommuities.com
  • Condo Land Included Y N: Yes
  • Monthly Condo Fee Amount: 975
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 11700
  • Total Monthly Fees: 975

Schools

  • Elementary School: Lakemont Elem
  • High School: Winter Park High
  • Middle Or Junior School: Maitland Middle

Lot Info

  • Zoning: PURD
  • Parcel Number: 31-21-30-8624-00-105
  • Additional Parcels: No
  • Lot Features: Oversized Lot
  • Flood Zone Code: X
  • Zoning Compatible Y N: Yes

Rental Info

  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 20
  • Approval Process: Board approval prior to closing
  • Pet Restrictions: more than one pet allowed

Tax Info

  • Tax Annual Amount: 13113
  • Tax Block: 00
  • Tax Book Number: 6-7
  • Tax Lot: 105

Multi Family

  • Waterfront Features: Lake - Chain of Lakes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2021
Closed on
Jul 1, 2021
Sold by
Kott Michael and Scroggie Kott Monica
Bought by
Wells Timothy R and Wells Cheryll J
Seller's Agent
Mick Night
PREMIER SOTHEBY'S INTL. REALTY
Buyer's Agent
Rhonda Chesmore
KELLY PRICE & COMPANY LLC
List Price
$1,295,000
Sold Price
$1,295,000
Current Estimated Value
$1,820,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$525,012
Avg. Annual Appreciation
5.59%

Purchase Details

Listed on
Mar 27, 2019
Closed on
May 2, 2019
Sold by
Brown Brothers Harriman Trust Company Na
Bought by
Kott Michael and Scroggie Kott Monica
Seller's Agent
Erin Legler
CHARLES RUTENBERG REALTY ORLANDO
Buyer's Agent
Mick Night
PREMIER SOTHEBY'S INTL. REALTY
List Price
$995,000
Sold Price
$950,000
Premium/Discount to List
-$45,000
-4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.35%

Purchase Details

Closed on
Feb 1, 2019
Sold by
Dexter Allen F and Dexter Vanessa R
Bought by
Landis Kate R and Landau Victoria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.46%

Purchase Details

Closed on
Dec 10, 2015
Sold by
Dowling Williams Zane and Dowling Williams Emily
Bought by
Brown Brothers Harriman Trust Company Na and 2012 Legler Family Trust 1

Purchase Details

Listed on
Sep 3, 2013
Closed on
Dec 9, 2013
Sold by
Ross Richard M
Bought by
Dowling Williams Zane and Dowling Williams Emily
Seller's Agent
Shelley Heistand
PREMIER SOTHEBY'S INTL. REALTY
Buyer's Agent
Shelley Heistand
PREMIER SOTHEBY'S INTL. REALTY
List Price
$594,500
Sold Price
$530,000
Premium/Discount to List
-$64,500
-10.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.01%
Original Mortgage
$425,000
Interest Rate
4.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 16, 2005
Sold by
Ross Richard M and Ross Terri S
Bought by
Ross Richard M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 2003
Sold by
Mennello Michael A
Bought by
Ross Richard M and Ross Terri S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,500
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
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
Wells Timothy R $1,295,000 Attorney
Kott Michael $950,000 Edgewater Title Company
Landis Kate R $620,000 --
Brown Brothers Harriman Trust Company Na $899,000 Attorney
Dowling Williams Zane $530,000 Attorney
Ross Richard M -- --
Ross Richard M $577,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Landis Kate R --
Previous Owner Dowling Williams Zane $425,000
Previous Owner Ross Richard M $110,000
Previous Owner Ross Richard M $300,000
Previous Owner Ross Richard M $277,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2021 07/01/21 Sold $1,295,000 0.0% $618 / Sq Ft
06/15/2021 06/15/21 Pending -- -- --
06/11/2021 06/11/21 For Sale $1,295,000 +36.3% $618 / Sq Ft
05/02/2019 05/02/19 Sold $950,000 -4.5% $453 / Sq Ft
04/09/2019 04/09/19 Pending -- -- --
03/27/2019 03/27/19 For Sale $995,000 +87.7% $475 / Sq Ft
05/26/2015 05/26/15 Off Market $530,000 -- --
12/12/2013 12/12/13 Sold $530,000 -10.8% $253 / Sq Ft
10/14/2013 10/14/13 Pending -- -- --
09/03/2013 09/03/13 For Sale $594,500 -- $284 / Sq Ft
Source: Stellar MLS

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
2025 $22,223 $1,496,600 -- $1,496,600
2024 $21,271 $1,430,550 -- $1,430,550
2023 $21,271 $1,430,550 $286,110 $1,144,440
2022 $18,704 $1,210,500 $242,100 $968,400
2021 $15,855 $1,147,500 $229,500 $918,000
2020 $12,589 $817,500 $163,500 $654,000
2019 $11,560 $708,500 $141,700 $566,800
2018 $11,731 $708,500 $141,700 $566,800
2017 $12,576 $749,320 $149,864 $599,456
2016 $12,587 $749,320 $149,864 $599,456
2015 $7,647 $479,600 $95,920 $383,680
2014 $7,338 $416,535 $83,307 $333,228
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O5950302

Stellar MLS

APN: 31-2130-8624-00-105