NOT LISTED FOR SALE

1940 W Beach Blvd Unit 202 Gulf Shores, AL 36542

Estimated Value: $461,000 - $855,407

3 Beds
3 Baths
1,860 Sq Ft
$402/Sq Ft Est. Value

Last Sold June 18, 2018

Last sale price $450,000 $242 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,945/month

94 Days on Market

Highlights

  • Community Beach Access
  • Fishing Pier
  • Home fronts a lagoon or estuary
  • Gulf Shores Elementary School Rated A-
  • Fitness Center
  • Community Indoor Pool

About This Home

As of June 2018

Lagoon Tower is an exceptional property located on West Beach Blvd., on Little Lagoon. The windows are from floor to ceiling which capture impeccable sunrise and sunset views from your open floor plan or from your large balcony. This a low density property with wonderful amenities, enjoy using the pool overlooking the Little Lagoon or if you prefer there is also an indoor pool available and fitness room. There is a boat dock which is 1st come, 1st served. If its the beach you enjoy this property also has deeded beach access. Also includes a large kitchen for all your entertaining memories. Unit #202 is over 1800 sq.ft. so everyone has plenty of room to roam! Little Lagoon is approximately 7 miles long with Gulf of Mexico access by boat! $41K APPROXIMATELY FOR 2017 RENTAL INCOME!

Last Agent to Sell the Property

Kim Ward

Kim Ward Realty, LLC Listed on: 02/12/2018

Last Buyer's Agent

The Pete Vakakes Team

Century 21 J Carter & Company

Century 21 J Carter & Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,921

Year Built

  • Built in 2005

Lot Details

  • Home fronts a lagoon or estuary
  • Landscaped
  • Sprinkler System
  • Property is zoned Pud, Within Corp Limits

HOA Fees

  • $825 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Entry on the 2nd floor
  • Reinforced Concrete Foundation
  • Stucco Exterior

Interior Spaces

  • 1,860 Sq Ft Home
  • Wet Bar
  • Furnished
  • ENERGY STAR Qualified Ceiling Fan
  • Double Pane Windows
  • Combination Dining and Living Room
  • Fire and Smoke Detector

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Wheelchair Access

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 67-06-23-3-001-014.000902

Community Details

Overview

  • Association fees include management, cable, common area insurance, common area maintenance, pest control, recreational facilities, reserve funds, taxes-common area, trash, water/sewer
  • 2 Elevators
  • Lagoon Tower Community
  • Gulf Shores Subdivision
  • Community features wheelchair access
  • 16-Story Property

Amenities

  • Community Barbecue Grill

Recreation

  • Fishing Pier
  • Community Beach Access
  • Fitness Center
  • Community Indoor Pool
  • Community Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,921

Year Built

Built in 2005

Lot Details

0

HOA Fees

$825 per month

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: P-I-P Reinforced Concrete
  • Construction Status: Resale
  • Property Amenities: Irrigation Sprinkler, Wet Bar, Wheelchair Accessible
  • Property Type: Residential Attached
  • Style: Condo
  • View: Direct Lagoon Front
  • Zoning Area: Pud, Within Corp Limits
  • Parcel Id Tax Id: 67-06-23-3-001-014.000902
  • Year Built: 2005
  • Geo Subdivision: AL
  • Governing Municipality: Gulf Shores
  • Subdivsn Or Commnty: Gulf Shores
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Icemaker, Microwave, Range-Electric, Refrigerator W/Ice Maker, Smoke Detector, Washer
  • Estimated Living Area: 1860
  • Bathrooms: 3
  • Bedroom 2: Dimensions: 13X11, On Level: Main Level
  • Bedroom 3: Dimensions: 11X11, On Level: Main Level
  • Bedrooms: 3
  • Dining Area: Dimensions: 10X10, On Level: Main Level
  • Dining Area Type: Lvg/Dng/Ktchn Combo
  • Elevators: 2
  • Master Bed: Dimensions: 16X14, On Level: Main Level
  • Price Per Sq Ft: 241.94
  • Property Interior Stories: 1
  • Unit Floor: 2

Exterior Features

  • Boat Facilities: Slip-1st Come 1st Served
  • Body Of Water: Little Lagoon
  • Exterior Finish: Stucco
  • Waterfront: Yes
  • Water Property Type: Beach Accs (Wlk <=1/4 Mi), Lagoon Front - Building

Garage/Parking

  • Garage Parking: Condo: Lot Parking

Utilities

  • Utilities: Gulf Shores Utilities

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association Fees: 825
  • Association Fees Include: Association Management, Cable, Common Area Insurance, Common Area Maintenance, Pest Control, Recreational Facilities, Reserve Funds, Taxes-Common Area, Trash, Water/Sewer
  • Community Amenities: Bbq Area, Covered Entry, Exercise Room, Fire Sprinkler System, Fishing Pier, Pool - Indoor, Landscaping, Pool - Outdoor, Pets - Allowed, Spa/Hot Tub, Wheelchair Accessible
  • Condo Building Stories: 16
  • Condo Complex: Lagoon Tower

Green Features

  • Energy Saving Features: Ceiling Fan(s), Double Pane Windows

Rental Info

  • Furnished: Yes

Tax Info

  • Property Taxes: 2921.16
  • Assessor Parcel Number: 298497

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

Closed on
Apr 29, 2019
Sold by
L & V Inc
Bought by
Eschete Davis Mark A and Eschete Davis June
Current Estimated Value
$746,852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,200
Outstanding Balance
$178,654
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$568,198

Purchase Details

Listed on
Feb 12, 2018
Closed on
Jun 18, 2018
Sold by
Lagoon Tower 202 Llc
Bought by
Mcclanahan Timmons S and Mcclanahan Jonnelle W
Seller's Agent
Kim Ward
Kim Ward Realty, LLC
Buyer's Agent
The Pete Vakakes Team
Century 21 J Carter & Company
List Price
$499,750
Sold Price
$450,000
Premium/Discount to List
-$49,750
-9.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.13%
Original Mortgage
$315,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2013
Sold by
Todd John G and Todd Elaine Y
Bought by
Mcclanahan Timmons and Mcclanahan Jonnelle W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
4.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2008
Sold by
Todd John G and Todd Elaine Y
Bought by
Todd John G and Todd Elaine Y

Purchase Details

Closed on
Mar 31, 2008
Sold by
L & B Inc
Bought by
Lagoon Tower 202 Llc

Purchase Details

Closed on
May 29, 2007
Sold by
Lagoon Tower Inc
Bought by
L & B Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$721,200
Interest Rate
6.12%
Mortgage Type
Unknown
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
Eschete Davis Mark A $254,000 None Available
Mcclanahan Timmons S $450,000 None Available
L And V Inc $215,000 None Available
Mcclanahan Timmons -- None Available
Todd John G -- None Available
Lagoon Tower 202 Llc -- None Available
L & B Inc -- Slt
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eschete Davis Mark A $203,200
Previous Owner Mcclanahan Timmons S $315,000
Previous Owner Mcclanahan Timmons $117,000
Previous Owner L & B Inc $721,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2018 06/18/18 Sold $450,000 -6.2% $242 / Sq Ft
05/17/2018 05/17/18 Pending -- -- --
03/28/2018 03/28/18 Price Changed $479,750 -4.0% $258 / Sq Ft
02/12/2018 02/12/18 For Sale $499,750 -- $269 / 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 $2,303 $69,780 $0 $69,780
2023 $2,473 $74,940 $0 $74,940
2022 $1,983 $60,100 $0 $0
2021 $1,793 $53,340 $0 $0
2020 $1,391 $42,160 $0 $0
2019 $1,416 $42,920 $0 $0
2018 $723 $21,920 $0 $0
2017 $661 $20,040 $0 $0
2016 $641 $19,420 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kim Ward

    Seller's Agent in 2018

    Kim Ward

    Kim Ward Realty, LLC

    (251) 979-7101

    6 in this area

    105 Total Sales

    Kim Ward
    Section Image
  • The Pete Vakakes Team

    Buyer's Agent in 2018

    The Pete Vakakes Team

    Century 21 J Carter & Company

    (251) 948-8008

    37 in this area

    79 Total Sales

    The Pete Vakakes Team
    Section Image
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Map

Source: Baldwin REALTORS®

MLS Number: 265497

Baldwin REALTORS®

APN: 67-06-23-3-001-014.000-902

Alabama Baldwin County Gulf Shores 36542

1940 W Beach Blvd Unit 202, Gulf Shores, AL

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