NOT LISTED FOR SALE

402 W Magnolia Ave Foley, AL 36535

Estimated Value: $277,000 - $303,000

3 Beds
3 Baths
1,827 Sq Ft
$158/Sq Ft Est. Value

Last Sold February 14, 2023

Last sale price $284,000 $155 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,565/month

About This Home

Adorable classic Downtown Foley cottage. Less than 10 miles from Gulf Shores, AL, this spacious single level cottage is a short walking distance to shops, restaurants, parks and parades, a mere two blocks from the center of town. Situated on a 100” x 140’ lot, privacy, parking and boat storage are not an issue. This 3 bedroom, 3 bath home includes a 2-car covered carport, off street parking for 3–4 cars on a private driveway and an enormous, 23 x 9 storage building, built to match the house. All parking and storage are accessible behind the home via alley access. A 2011 addition provides a large, elegant master suite with an expansive laundry room, a double vanity and 2 closets, including an enormous walk-in closet. The suite features wood floors and has a private back door entrance leading directly to the covered carport. A second back door in the kitchen leads to a large screened porch that includes a storage closet with a refrigerator that makes Friday night porch sitting a breeze! This cottage features a big kitchen that was given a total update in 2014 and all kitchen appliances convey upon sale. Two of the three bedrooms include ensuite bathrooms. There is also a 3rd full hall bath. All bedrooms feature original hardwood floors. Original hardwoods can also be found under the carpet in the living & dining rooms. The HVAC was replaced in 2019 and has already been serviced in 2022. The metal roof was new in 2011. The instant hot water heater was also added in 2011. All window coverings convey. No furnishings will convey. All measurements to be confirmed by buyer.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 29, 2015
Sold by
Siemers Thomas A and Siemers Debra K
Bought by
Siemers Thomas A and Siemers Debra K
Current Estimated Value
$289,090

Purchase Details

Closed on
Feb 5, 2013
Sold by
Siemers Living Trust
Bought by
Bailey Cameron S and Bailey Andrew M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,856
Interest Rate
5.75%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 26, 2005
Sold by
Huckleberry Daniel S and Huckleberry Jessica A
Bought by
Siemers Thomas A and Siemers Debra K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Siemers Thomas A $311,000 None Available
Bailey Cameron S $284,000 None Listed On Document
Siemers Thomas A -- None Available
Siemers Thomas A -- Alt
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bailey Cameron S $278,856
Previous Owner Siemers Thomas A $117,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/14/2023 02/14/23 Sold $284,000 -2.0% $155 / Sq Ft View Prior Sale
01/17/2023 01/17/23 Pending -- -- --
01/07/2023 01/07/23 Price Changed $289,900 -3.3% $159 / Sq Ft
11/22/2022 11/22/22 For Sale $299,900 -- $164 / Sq Ft

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 $628 $20,400 $3,400 $17,000
2023 $688 $20,840 $4,020 $16,820
2022 $377 $17,400 $0 $0
2021 $377 $15,200 $0 $0
2020 $344 $13,680 $0 $0
2019 $343 $13,660 $0 $0
2018 $318 $12,720 $0 $0
2017 $305 $12,220 $0 $0
2016 $279 $11,260 $0 $0
2015 -- $10,660 $0 $0
2014 -- $9,960 $0 $0
2013 -- $9,520 $0 $0
Source: Public Records

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