NOT LISTED FOR SALE

2425 Real Island Rd Equality, AL 36026

Estimated Value: $646,223 - $1,069,000

4 Beds
2 Baths
-- Sq Ft
0.61 Acres

Last Sold July 02, 2018

Last sale price $415,000

Est. 107% increase in value since last sale

Current estimated payment $4,883/month

150 Days on Market

About This Home

As of July 2018

This four bedroom two bath lake cabin sits on a flat lot in the Real Island Area with 284 feet of water front. It has a open kitchen and living area with a fireplace, big screen porch, and boat Ramp.

Last Listed By

John Christenberry

Lake Martin Voice Realty Listed on: 01/11/2018

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,532

Year Built

1962

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Water Body Name: Lake Martin
  • Directions: Take county road 55 to Coosa 2 then right on real island road. House will be on the left right before the marina.
  • Architectural Style: Lake Home
  • Building Stories: 1
  • Year Built: 1962
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Bedrooms: 4

Exterior Features

  • Lot Features: Waterfront
  • Waterfront Features: Boat Ramp, Pier, Seawall
  • Waterfront: Yes
  • Foundation Details: Crawl Space
  • Roof: Metal
  • Waterfront Features:Pier: Yes
  • Waterfront Features:Seawall: Yes
  • Waterfront Features:Boat Ramp: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage
  • General Property Description:Garage Stall2: 0
  • General Property Description:Garage Remarks2: No Garage

Schools

  • Junior High Dist: Call Superintendent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2024
Sold by
Dorsey Richard Madre and Dorsey Taylor M
Bought by
Dorsey Taylor M
Total Days on Market
150
Current Estimated Value
$857,612

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Outstanding Balance
$156,750
Interest Rate
6.82%
Mortgage Type
Construction
Estimated Equity
$567,161

Purchase Details

Listed on
Jan 11, 2018
Closed on
Jul 2, 2018
Sold by
Freeman Melvin C and Freeman Dianne
Bought by
Dorsey Richard M
Seller's Agent
John Christenberry
Lake Martin Voice Realty
Buyer's Agent
John Christenberry
Lake Martin Voice Realty
List Price
$469,000
Sold Price
$415,000
Premium/Discount to List
-$54,000
-11.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.47%

Range of Values:

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Average Value
Not Available
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
Dorsey Taylor M $592,500 None Listed On Document
Dorsey Richard M $415,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dorsey Taylor M $232,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2023 06/22/23 Off Market $415,000 -- --
07/02/2018 07/02/18 Sold $415,000 -11.5% --
06/11/2018 06/11/18 Pending -- -- --
01/11/2018 01/11/18 For Sale $469,000 -- --
Source: Lake Martin Area Association of 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 $1,532 $592,360 $334,750 $257,610
2023 $1,532 $592,360 $334,750 $257,610
2022 $1,193 $95,472 $65,000 $30,472
2021 $1,143 $91,412 $65,000 $26,412
2020 $1,097 $87,752 $65,000 $22,752
2019 $2,082 $83,252 $65,000 $18,252
2018 $1,014 $77,998 $61,904 $16,094
2017 $945 $37,780 $30,969 $6,811
2016 $995 $75,518 $61,904 $13,614
2014 $931 $352,150 $283,440 $68,710
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    John Christenberry

    Lake Martin Voice Realty

    (334) 398-0762

    18 Total Sales

    John Christenberry
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Similar Home in Equality, AL

  • 720 Morrison Rd, Equality, AL 36026

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    Rare opportunity to own a flat lot with +/-175 ft of waterfront with your own private boat launch. This home boast beautiful views of Lake Martin from the great room. Plenty of room outside for entertaining and enjoying the lake. Nice storage area attached to the carport for all of your lake toys. This is a must see!

    Twila-Connie Team SELLING LAKE MARTIN

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Source: Lake Martin Area Association of REALTORS®

MLS Number: 18-50

APN: 06-01-01-0-002-013000-0

Alabama Elmore County Equality 36026

2425 Real Island Rd, Equality, AL

Homes for Sale in Equality, AL

This home is located at 2425 Real Island Rd, Equality, AL 36026 since 11 January 2018 and is currently estimated at $857,612. This property was built in 1962. 2425 Real Island Rd is a home located in Elmore County with nearby schools including Eclectic Elementary School, Eclectic Middle School, and Elmore County High School.

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