NOT LISTED FOR SALE

362 Cypress Lake Dr Gulf Shores, AL 36542

Estimated Value: $961,086 - $1,072,000

3 Beds
3.5 Baths
3,398 Sq Ft
$299/Sq Ft Est. Value

Last Sold February 14, 2020

Last sale price $572,000 $168 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $5,792/month

21 Days on Market

Highlights

  • Golf Course Community
  • In Ground Pool
  • Wood Flooring
  • Gulf Shores Elementary School Rated A-
  • Contemporary Architecture
  • Jetted Tub in Primary Bathroom

About This Home

As of February 2020

Great floor plan with all kinds of updates and upgrades situated on an award winning Arnold Palmer Golf Course. Each bedroom has a private bath and walk-in closet. The wet bar with ice machine and wine cooler is located off the kitchen and adjacent to great room. The sliding glass door that goes from great room to the covered patio disappears completely into wall joining the two areas together. This is a great feature for entertaining. The huge master suite has two walk-in closets and large bath that has direct access to utility room. The home has high ceilings, windows trimmed in wood with custom shutters, crown molding & 7.25" baseboard throughout the home. Kitchen cabinets with dovetail construction go all of the way to ceiling. Included appliances warming drawer, washer/dryer, Miele Expresso machine new in 2017, 1 Refrigerator, gas stove, microwave and dishwasher all new in 2019. In 2018 pool and hot tub were re-plastered and new heater was installed along with new LED light in pool. Cool crete swim deck and patio decking were also painted. Outdoor kitchen has newer gas grill. Heating/cooling units were replaced, one in 2018 and one in 2019. In 2017 a new circular brick paver drive and new gutters were installed. Because garage door is a 2 car door, the garage is listed as a 2 car. The actual measurements of the garage: 34 wide x 23'4" deep (the size of a 3 car). In addition there is an area for a golf cart with golf cart door out back of garage. Irrigation system is on a separate water meter. Other Room is an Office with wood floors. Office Dimensions are estimated.

Last Agent to Sell the Property

Mike Rice

Avast Realty Orange Beach License #75507 Listed on: 12/23/2019

Last Buyer's Agent

Kandy Hines

RE/MAX of Gulf Shores

RE/MAX of Gulf Shores

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,819

Year Built

  • Built in 2004

Lot Details

  • 0.47

HOA Fees

  • $67 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Dimensional Roof

Interior Spaces

  • 3,398 Sq Ft Home
  • 1-Story Property
  • ENERGY STAR Qualified Ceiling Fan
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room with Fireplace
  • Living Room
  • Breakfast Room
  • Dining Room
  • Home Office

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Dual Closets
  • Dual Vanity Sinks in Primary Bathroom
  • Jetted Tub in Primary Bathroom
  • Separate Shower

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener
  • Golf Cart Garage

Outdoor Features

  • In Ground Pool
  • Covered Patio or Porch
  • Outdoor Gas Grill

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Grinder Pump
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 61-08-33-1-001-001.021

Community Details

Overview

  • Association fees include management, common area insurance, common area maintenance
  • Craft Farms Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,819

Year Built

Built in 2004

Lot Details

0

HOA Fees

$67 per month

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Slab
  • Construction Status: Resale
  • Flood Zone: X
  • Intersecting Street: Blue Heron
  • Mineral Rights: Unknown
  • Property Amenities: Automatic Garage Door, Cable, Ceiling Fan(s), Covered Patio, En-Suite, Pool-Inground (Home), Built-In Gas Grill
  • Property Type: Residential Detached
  • Restrictive Covenants: Yes
  • Style: Contemporary
  • Zoning Area: Single Family Residence
  • Owners Association: Yes
  • Parcel Id Tax Id: 61-08-33-1-001-001.021
  • Year Built: 2004
  • Geo Subdivision: AL
  • Garage Carport Dimension: 23 x 34
  • Governing Municipality: Gulf Shores
  • Living Room Group: Living Room
  • Subdivsn Or Commnty: Craft Farms
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range-Gas, Refrigerator W/Ice Maker, Washer
  • Estimated Living Area: 3398
  • Bathrooms: 3
  • Bedroom 2: Dimensions: 14 x 14, On Level: Main Level
  • Bedroom 3: Dimensions: 14 x 14, On Level: Main Level
  • Bedrooms: 3
  • Breakfast Room: Dimensions: 12 x 12, On Level: Main Level
  • Dining Area: Dimensions: 13 x 13, On Level: Main Level
  • Dining Area Type: Breakfast Room, Separate Dining Room
  • Fireplace: Gas Logs, Great Room
  • Floors: Carpet, Tile, Wood
  • Half Bathrooms: 1
  • Kitchen: Dimensions: 13 x 13, On Level: Main Level
  • Living Room: Dimensions: 27 x 19, On Level: Main Level
  • Master Bed: Dimensions: 22 x 15, On Level: Main Level
  • Number Of Fireplaces: 1
  • Other Room: Dimensions: 15 x 15, On Level: Main Level
  • Other Rooms: Office/Study
  • Price Per Sq Ft: 168.33
  • Property Interior Stories: 1
  • Primary Bedroom Bathroom Combo: Yes
  • Primary Bedroom Bathrooms: Double Vanity, Jetted Tub, Separate Shower, 1st Floor Primary, Multiple Walk in Closets

Exterior Features

  • Exterior Finish: Brick
  • Roof: Dimensional
  • Water Property Type: No Waterfront

Garage/Parking

  • Number Of Garage Spaces: 2
  • Number Of Parking Spaces: 2
  • Garage Parking: Double Garage, Golf Cart

Utilities

  • Heat Cooling: Heat Pump, Zoned
  • Utilities: Gas-Natural, Grinder Pump, Baldwin Emc, Gulf Shores Utilities

Condo/Co-op/Association

  • Association Fee Frequency: Quarterly
  • Association Fees: 200
  • Association Fees Include: Association Management, Common Area Insurance, Common Area Maintenance

Schools

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

Green Features

  • Energy Saving Features: Ceiling Fan(s)

Lot Info

  • Lot Block Unit: 24
  • Lot Description: Golf Course Lot
  • Lot Size: 111 x 187 Irreg

Tax Info

  • Property Taxes: 1819
  • Assessor Parcel Number: 247783

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

Listed on
Dec 23, 2019
Closed on
Feb 14, 2020
Sold by
Smith Lamar S and Smith Sherry D
Bought by
Hendrix Carl Blake and Hendrix Amanda Jo
Seller's Agent
Mike Rice
Avast Realty Orange Beach
Buyer's Agent
Kandy Hines
RE/MAX of Gulf Shores
List Price
$595,000
Sold Price
$572,000
Premium/Discount to List
-$23,000
-3.87%
Current Estimated Value
$1,017,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$445,272
Avg. Annual Appreciation
10.87%
Original Mortgage
$510,400
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 7, 2016
Closed on
Jul 7, 2016
Sold by
Ross David B and Ross Sadie F
Bought by
Smith Sherry D and Smith Lamar S
Seller's Agent
Tom Stanton
EXIT Realty Gulf Shores
Buyer's Agent
Non Member
Non Member Office
List Price
$480,000
Sold Price
$480,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.98%
Original Mortgage
$360,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 2005
Sold by
Holyfield Donald S and Bessette Nichole
Bought by
Ross David B and Ross Sadie F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
7.55%
Mortgage Type
Purchase Money Mortgage
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
Hendrix Carl Blake -- Professional Land Title Incc
Smith Sherry D $480,000 None Available
Ross David B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hendrix Carl Blake $510,400
Closed Hendrix Carl Blake $510,400
Previous Owner Smith Sherry D $360,000
Previous Owner Ross David B $463,385
Previous Owner Ross David B $488,939
Previous Owner Ross David B $488,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2020 02/14/20 Sold $572,000 -3.9% $168 / Sq Ft
01/13/2020 01/13/20 Pending -- -- --
12/23/2019 12/23/19 For Sale $595,000 +24.0% $175 / Sq Ft
07/07/2016 07/07/16 Sold $480,000 0.0% $141 / Sq Ft
06/07/2016 06/07/16 Pending -- -- --
03/07/2016 03/07/16 For Sale $480,000 -- $141 / 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 $2,705 $83,340 $22,500 $60,840
2023 $2,547 $78,560 $17,640 $60,920
2022 $2,353 $72,660 $0 $0
2021 $2,006 $65,340 $0 $0
2020 $1,964 $60,880 $0 $0
2019 $1,819 $56,480 $0 $0
2018 $1,679 $52,240 $0 $0
2017 $1,605 $50,000 $0 $0
2016 $3,133 $94,940 $0 $0
2015 $3,141 $95,180 $0 $0
2014 $1,444 $43,760 $0 $0
2013 -- $86,360 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Baldwin REALTORS®

MLS Number: 292637

Baldwin REALTORS®

APN: 61-08-33-1-001-001.021