NOT LISTED FOR SALE

325 E 22nd Ave Unit 2 Gulf Shores, AL 36542

Estimated Value: $219,000 - $244,000

2 Beds
1 Bath
689 Sq Ft
$343/Sq Ft Est. Value

Last Sold June 01, 2023

Last sale price $243,000 $353 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,774/month

Highlights

  • Pool View
  • Furnished
  • Patio
  • Gulf Shores Elementary School Rated A-
  • Community Pool
  • Living Room

About This Home

As of June 2023

This is a rare opportunity to own a second home, investment property, or primary residence at an affordable value at the iconic Island Villa. This is the first converted short-term rental property in the new Waterway Village District. The location is ideal and you are in the middle of it all: 5 minutes to the white sandy beaches, within walking distance of the State Park Trails and minutes to local coffee shop, yoga studio, eclectic shopping, dining and entertainment. There are at least 8 restaurants within easy walking distance, not to mention Gulf Shores' only Brewery. The new Pedestrian Bridge over the Intracoastal Waterway which should be under construction in 2023 is an easy walk away, and will be a game-changer for The Waterway Village District. The interior and exterior of the iconic Island Villa has been totally renovated. The complex has a new roof, fresh paint, landscaping, and a new iconic pool. This ground floor unit has been beautifully updated with features that include new LVP flooring throughout, new lighting fixtures, new ceiling fans, and is fully furnished down to the cookware and utensils (rent-ready). The bright, coastal color theme in the kitchen has a tiled backsplash and dining area with sliding glass doors that open to the patio. This 2-bedroom condo can comfortably sleep 6 people with a queen bed in the guest room, a king bed in the primary bedroom, and a queen sleeper sofa in the living room. Each unit has a view of the sparkling pool, access to laundry and ice machine facilities as well as the BBQ/grill area.

Last Agent to Sell the Property

The Malone Team

Bellator Real Estate LLC Gulf Listed on: 05/15/2023

Last Buyer's Agent

Gigi Smith

World Impact Real Estate

World Impact Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $455

Year Built

  • Built in 1971

Lot Details

  • 0.9

HOA Fees

  • $386 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Entry on the 1st floor
  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 689 Sq Ft Home
  • 1-Story Property
  • Furnished
  • ENERGY STAR Qualified Ceiling Fan
  • Ceiling Fan
  • Living Room
  • Combination Kitchen and Dining Room
  • Pool Views
  • Fire and Smoke Detector
  • Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Schools

  • Gulf Shores Elementary School
  • Gulf Shores High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Additional Features

  • Patio
  • Landscaped

Listing and Financial Details

  • Assessor Parcel Number 66-02-09-3-000-012.000902

Community Details

Overview

  • Association fees include cable, common area insurance, common area maintenance, reserve funds, trash, water/sewer, internet, pool
  • Island Villa Community

Amenities

  • Community Barbecue Grill
  • Laundry Facilities

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$455

Year Built

Built in 1971

Lot Details

0

HOA Fees

$386 per month

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Piers
  • Construction Status: Resale
  • Flood Zone: 0.2 PCT
  • Property Amenities: Ceiling Fan(s), Patio
  • Property Type: Residential Attached
  • Style: Condo
  • Type of Unit: Ground Floor
  • View: Pool Area View, Eastern View
  • Owners Association: Yes
  • Parcel Id Tax Id: 66-02-09-3-000-012.000902
  • Year Built: 1971
  • Geo Subdivision: AL
  • Living Room Group: Living Room
  • Property Legal Description: Unit 2 Island Villa Condo Lying In The City Of Gulf Shores S Ec 9-T9s-R4e (Wd)
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Range-Electric, Refrigerator, Smoke Detector
  • Estimated Living Area: 689
  • Bathrooms: 1
  • Bedroom 2: Dimensions: 10x10, On Level: Main Level
  • Bedrooms: 2
  • Dining Area Type: Dining/Kitchen Combo
  • Kitchen: Dimensions: 15x11, On Level: Main Level
  • Living Room: Dimensions: 16x11, On Level: Main Level
  • Master Bed: Dimensions: 13x10, On Level: Main Level
  • Price Per Sq Ft: 352.69
  • Property Interior Stories: 1
  • Unit Floor: 1
  • Primary Bedroom Bathroom Combo: Yes
  • Primary Bedroom Bathrooms: Tub/Shower Combo

Exterior Features

  • Exterior Finish: Brick, Wood
  • Roof: Composition Shingle
  • Water Property Type: No Waterfront

Garage/Parking

  • Garage Parking: Condo: Lot Parking

Utilities

  • Heat Cooling: Central Electric (Cool), Central Gas (Cool), Central Heat, Heat Pump
  • Utilities: Baldwin Emc, Gulf Shores Utilities

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association Fees: 386
  • Association Fees Include: Cable, Common Area Insurance, Common Area Maintenance, Reserve Funds, Trash, Water/Sewer, Internet, Pool
  • Community Amenities: Bbq Area, Landscaping, Laundry Facilities, Pool - Outdoor, Pets - Owners Only
  • Condo Building Stories: 1
  • Condo Complex: Island Villa

Schools

  • Elementary School: Gulf Shores Elementary
  • High School: Gulf Shores High

Green Features

  • Energy Saving Features: Ceiling Fan(s)

Lot Info

  • Lot Block Unit: 2

Rental Info

  • Furnished: Yes

Tax Info

  • Property Taxes: 454.74
  • Assessor Parcel Number: 76909

MLS Schools

  • Elementary School: Gulf Shores Elementary
  • HighSchool: Gulf Shores High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2023
Closed on
Jun 1, 2023
Sold by
Wkh Holdings Llc
Bought by
Island Villa Properties Llc
Seller's Agent
The Malone Team
Bellator Real Estate LLC Gulf
Buyer's Agent
Gigi Smith
World Impact Real Estate
List Price
$250,000
Sold Price
$243,000
Premium/Discount to List
-$7,000
-2.8%
Current Estimated Value
$236,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,820
Avg. Annual Appreciation
-1.20%
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
Island Villa Properties Llc $243,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2023 06/01/23 Sold $243,000 -2.8% $353 / Sq Ft
05/15/2023 05/15/23 For Sale $250,000 -- $363 / 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 $1,569 $47,540 $0 $47,540
2023 $909 $27,560 $0 $27,560
2022 $455 $13,780 $0 $0
2021 $455 $13,780 $0 $0
2020 $364 $11,020 $0 $0
2019 $318 $9,640 $0 $0
2018 $318 $9,640 $0 $0
2017 $273 $8,260 $0 $0
2016 $236 $7,160 $0 $0
2015 $228 $6,900 $0 $0
2014 $228 $6,900 $0 $0
2013 -- $6,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Baldwin REALTORS®

MLS Number: 345950

Baldwin REALTORS®

APN: 66-02-09-3-000-012.000-902