NOT LISTED FOR SALE

Romar Place Condominiums 24038 Perdido Beach Blvd Unit 403 Orange Beach, AL 36561

Estimated Value: $697,000 - $767,000

3 Beds
2 Baths
1,250 Sq Ft
$585/Sq Ft Est. Value

Last Sold February 24, 2023

Last sale price $705,000 $564 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,902/month

268 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Property fronts gulf or ocean
  • Community Indoor Pool
  • Beachside
  • Fitness Center
  • Sauna

About This Home

As of February 2023

Welcome to Beach Life! This spacious 3 Bed 2 Bath awesome condo is in the heart of Orange Beach. Sold fully furnished, this 4th floor unit is in a great location in the building complex. Tile floors throughout, a large, private gulf front balcony, with lots of light through the sliding glass doors accessing the balcony from the living area & the primary bedroom. There are granite counters & wood cabinets in the kitchen and bathrooms with updated comfort level vanities. The guest bath has a step in shower & the master bath a garden tub & shower combo. Covered entry, heated indoor pool, sauna, hot tub, Gulf Front pool, fitness room, new private boardwalk to beach, outside showers and a great pool & grilling area, poolside bathrooms & much more. Complex has on site management & ice vending near the elevators. This great rental is fully stocked for you or your renters with extras like an XBox, pack and play, crib & more. The condo offers 2 king beds, a queen & a pull out couch sleeping 8. Walking distance to restaurants and shopping! Don't miss this one! Buyer and/or buyer's agent to verify measurements and listing information is approximate. The unit did $55,034 in rentals for 2022 through Vacasa with owner use in popular times.

Last Agent to Sell the Property

Ashley Bias

eXp Realty Southern Branch Listed on: 05/09/2022

eXp Realty Southern Branch

Last Buyer's Agent

Nicole Smith

RE/MAX of Gulf Shores

RE/MAX of Gulf Shores

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,760

Year Built

  • Built in 1995

Lot Details

  • Property fronts gulf or ocean
  • Beachside
  • Landscaped
  • Sprinkler System
  • Zero Lot Line

HOA Fees

  • $700 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Entry on the 4th floor
  • Slab Foundation
  • Stucco Exterior
  • Piling Construction

Interior Spaces

  • 1,250 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Combination Dining and Living Room
  • Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deeded Waterfront Access Rights
  • Covered Patio or Porch

Schools

  • Orange Beach Elementary School
  • Orange Beach High School

Utilities

  • Central Heating and Cooling System
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 65-04-18-0-000-007.003922
  • $2,600 special tax assessment

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, internet, pool
  • 2 Elevators
  • Romar Place Community
  • 14-Story Property

Amenities

  • Community Barbecue Grill
  • Lobby

Recreation

  • Community Spa

Security

  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,760

Year Built

Built in 1995

Lot Details

0

HOA Fees

$700 per month

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Pilings, Slab
  • Construction Status: Resale
  • Property Amenities: Cable, Ceiling Fan(s), Covered Patio, En-Suite, Internet, Split Bedroom Plan, Window Treatments
  • Property Type: Residential Attached
  • Recurring Spec Asmt Amt: 2600
  • Recurring Special Assmt: Yes
  • Style: Condo
  • View: Direct Gulf Front
  • Owners Association: Yes
  • Parcel Id Tax Id: 65-04-18-0-000-007.003922
  • Year Built: 1995
  • Geo Subdivision: AL
  • Living Room Group: Living/Dining
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range-Electric, Refrigerator, Smoke Detector, Washer
  • Estimated Living Area: 1250
  • Bathrooms: 2
  • Bedroom 2: Dimensions: 12x10, On Level: Main Level
  • Bedroom 3: Dimensions: 12x10, On Level: Main Level
  • Bedrooms: 3
  • Elevators: 2
  • Floors: Tile
  • Kitchen: Dimensions: 8x4, On Level: Main Level
  • Living Dining: Dimensions: 25x12, On Level: Main Level
  • Master Bed: Dimensions: 16x10, On Level: Main Level
  • Price Per Sq Ft: 564
  • Property Interior Stories: 1
  • Unit Floor: 4
  • Primary Bedroom Bathroom Combo: Yes
  • Primary Bedroom Bathrooms: 1st Floor Primary, Balcony/Patio, Direct Gulf View-Primary, Tub/Shower Combo

Exterior Features

  • Body Of Water: Gulf Of Mexico
  • Exterior Finish: Stucco
  • Waterfront: Yes
  • Water Property Type: Beach Side - Building, Deeded Access, Gulf Front - Building

Garage/Parking

  • Garage Parking: Condo: Lot Parking

Utilities

  • Heat Cooling: Central Electric
  • Utilities: Baldwin Emc, Orange Beach Water Auth

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association Fees: 700
  • Association Fees Include: Association Management, Cable, Common Area Insurance, Common Area Maintenance, Pest Control, Recreational Facilities, Reserve Funds, Taxes-Common Area, Trash, Water/Sewer, Internet, Pool
  • Community Amenities: Bbq Area, Common Lobby, Covered Entry, Exercise Room, Fire Sprinkler System, Pool - Indoor, Landscaping, On-Site Management, Pool - Outdoor, Pets - Allowed, Spa/Hot Tub, Steam/Sauna, Water Access-Deeded
  • Condo Building Stories: 14
  • Condo Complex: Romar Place

Lot Info

  • Lot Block Unit: 403
  • Lot Description: Zero Lot Line

Rental Info

  • Furnished: Yes

Tax Info

  • Property Taxes: 2760
  • Assessor Parcel Number: 200590

MLS Schools

  • Elementary School: Orange Beach Elementary
  • HighSchool: Orange Beach High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2022
Closed on
Feb 22, 2023
Sold by
Ellis Richard
Bought by
Bishop James Philip and Bishop Kara Mari
Seller's Agent
Ashley Bias
eXp Realty Southern Branch
Buyer's Agent
Nicole Smith
RE/MAX of Gulf Shores
List Price
$729,500
Sold Price
$705,000
Premium/Discount to List
-$24,500
-3.36%
Views
134
Current Estimated Value
$731,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,550
Avg. Annual Appreciation
1.39%

Purchase Details

Listed on
Aug 12, 2021
Closed on
Sep 27, 2021
Sold by
Holsomback Lori H and Holsomback William P
Bought by
Ellis Richard
Seller's Agent
Matthew Mogan
RE/MAX of Gulf Shores
Buyer's Agent
Ashley Bias
eXp Realty Southern Branch
List Price
$599,900
Sold Price
$599,000
Premium/Discount to List
-$900
-0.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.25%
Original Mortgage
$539,100
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2011
Sold by
Kokomo Enterprises Llc
Bought by
Holsomback Lori H and Holsomback Roy L

Purchase Details

Closed on
Jul 13, 2007
Sold by
Alexander Frances Mccoy
Bought by
Kokomo Enterprises Llc

Purchase Details

Closed on
Jan 19, 2005
Sold by
Alexander Herbert R and Alexander Frances M
Bought by
Alexander Frances Mccoy
Source: Public Records

Range of Values:

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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
Bishop James Philip $705,000 Land Title
Ellis Richard $599,000 None Available
Holsomback Lori H -- Attorneys Title Inc
Kokomo Enterprises Llc -- Gst
Alexander Frances Mccoy -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ellis Richard $539,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/24/2023 02/24/23 Sold $705,000 -2.1% $564 / Sq Ft
02/01/2023 02/01/23 Pending -- -- --
01/30/2023 01/30/23 Price Changed $720,000 -1.3% $576 / Sq Ft
12/05/2022 12/05/22 For Sale $729,500 0.0% $584 / Sq Ft
12/05/2022 12/05/22 Price Changed $729,500 0.0% $584 / Sq Ft
06/14/2022 06/14/22 Price Changed $729,500 -0.7% $584 / Sq Ft
06/02/2022 06/02/22 Price Changed $734,900 -0.7% $588 / Sq Ft
05/09/2022 05/09/22 For Sale $739,900 +23.5% $592 / Sq Ft
09/27/2021 09/27/21 Sold $599,000 -0.2% $479 / Sq Ft View Prior Sale
08/17/2021 08/17/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $599,900 -- $480 / 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 $4,480 $140,000 $0 $140,000
2023 $4,601 $140,800 $0 $140,800
2022 $3,520 $110,000 $0 $0
2021 $2,760 $86,260 $0 $0
2020 $2,760 $86,260 $0 $0
2019 $2,657 $81,260 $0 $0
2018 $2,472 $75,500 $0 $0
2017 $2,184 $66,500 $0 $0
2016 $2,136 $65,000 $0 $0
2015 $2,136 $65,000 $0 $0
2014 $1,976 $60,000 $0 $0
2013 -- $60,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ashley Bias

    Seller's Agent in 2023

    Ashley Bias

    eXp Realty Southern Branch

    (251) 747-5718

    11 in this area

    43 Total Sales

    Ashley Bias
    Section Image
  • Nicole Smith

    Buyer's Agent in 2023

    Nicole Smith

    RE/MAX

    (251) 776-2909

    15 in this area

    104 Total Sales

    Nicole Smith
    Section Image
  • Matthew Mogan

    Seller's Agent in 2021

    Matthew Mogan

    RE/MAX

    (251) 942-6133

    28 in this area

    104 Total Sales

    Matthew Mogan
    Section Image
See All Agents

About Romar Place Condominiums

Map

Source: Baldwin REALTORS®

MLS Number: 330382

Baldwin REALTORS®

APN: 65-04-18-0-000-007.003-922

Alabama Baldwin County Orange Beach 36561

24038 Perdido Beach Blvd Unit 403, Orange Beach, AL

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