NOT LISTED FOR SALE

2425 Real Island Rd Equality, AL 36026

Estimated Value: $687,000 - $720,917

4 Beds
2 Baths
-- Sq Ft
0.61 Acres

Last Sold July 02, 2018

Last sale price $415,000

Est. 70% increase in value since last sale

Current estimated payment $3,839/month

150 Days on Market

Highlights

  • Pier
  • Boat Ramp
  • Lake House
  • Eclectic Elementary School Rated A-
  • Waterfront
  • 1-Story Property

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 Agent to Sell the Property

John Christenberry

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

Last Buyer's Agent

John Christenberry

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

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,635

Year Built

  • Built in 1962

Lot Details

  • Waterfront

Parking

  • No Garage

Home Design

  • Lake House
  • Metal Roof

Interior Spaces

  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Pier
  • Seawall
  • Boat Ramp

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,635

Year Built

Built in 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
  • Foundation: Crawl Space: Yes
  • Roof: Metal: Yes
  • 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
Current Estimated Value
$703,959

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
Interest Rate
6.82%
Mortgage Type
Construction

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
7.45%
Source: Public Records

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
Closed Dorsey Taylor M $232,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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 $1,635 $59,260 $0 $0
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

    20 Total Sales

    John Christenberry
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Map

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

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