NOT LISTED FOR SALE

405 Sanctuary Cove Fairhope, AL 36532

Estimated Value: $632,000 - $1,352,000

-- Bed
-- Bath
-- Sq Ft
0.77 Acres

Last Sold September 24, 2021

Last sale price $148,000

Est. 529% increase in value since last sale

Current estimated payment $5,225/month

577 Days on Market

Highlights

  • Fishing Pier
  • 0.77 Acre Lot
  • Cul-De-Sac
  • Fairhope East Elementary Rated 10
  • Community Gazebo

About This Home

As of September 2021

Come build your dream home on one of the only flat lots left in The Waters at Fairhope! This natural woodland preserve has been enhanced with a series of lakes and waterfalls and loads of common areas. This private wooded estate sized lot is ready for your dream home. Seller is a licensed Alabama real estate agent. The PPIN# on this listing shows a double lot (75A). Lot 75A has been re-platted back to its original two lots (74 & 75). This listing is for lot 75 only. All information provided is deemed reliable but not guaranteed. Buyer or buyer’s agent to verify all information.

Last Agent to Sell the Property

Eric Windham

Coldwell Banker Reehl Prop Fairhope Listed on: 01/30/2020

Coldwell Banker Reehl Prop Fairhope

Last Buyer's Agent

Kathy Franklin

EXIT Realty Landmark

EXIT Realty Landmark

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,000

Lot Details

  • 0.77 Acre Lot
  • Cul-De-Sac

HOA Fees

  • $108 Monthly HOA Fees

Schools

  • Fairhope Elementary School
  • Fairhope Middle School
  • Fairhope High School

Listing and Financial Details

  • Assessor Parcel Number 46-02-03-0-000-004.083

Community Details

Overview

  • The Waters At Fairhope Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Community Gazebo

Recreation

  • Fishing Pier

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,000

Lot Details

0

HOA Fees

$108 per month

Listing Details

  • Class: Lots And Land
  • Property Type: Residential Lots
  • Restrictive Covenants: Yes
  • Zoning Area: Single Family Residence
  • Suitable Use: Single Family
  • Associated Document Count: 1
  • Lot Type: Cul-De-Sac
  • Owners Association: Yes
  • Parcel Id Tax Id: 46-02-03-0-000-004.083
  • Governing Municipality: Fairhope
  • Property Legal Description: 134.1' X 259' IRR LOT 75A RE-PLAT OF LOTS 74 & 75 THE WATERS AT FAIRHOPE SLIDE 2565-B , SLIDE 2317-A
  • Subdivsn Or Commnty: The Waters at Fairhope
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Price Per Sq Ft: 192207.79

Exterior Features

  • Water Property Type: No Waterfront
  • Road Description: City Street, Paved

Utilities

  • Utilities: Fairhope Utilities

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association Fees: 1300
  • Association Management Email: sandrakeepsbooks@gmail.com
  • Community Amenities: Fishing Pier, Gazebo

Fee Information

  • Transfer Fees: Yes

Schools

  • Intermediate School: Fairhope Intermediate

Lot Info

  • Estimated Lot Size: 0.77
  • Lot Block Unit: 75
  • Lot Description: Less Than 1 Acre, Cul-De-Sac
  • Lot Size: 220x224x57x294 IRR
  • Number Lots: 1

Rental Info

  • More Than2 Pets Allowed: Yes

Tax Info

  • Property Taxes: 1000
  • Assessor Parcel Number: 296776

MLS Schools

  • Elementary School: Fairhope Elementary
  • HighSchool: Fairhope High
  • Middle School: Fairhope Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2021
Sold by
Windham and Jamie
Bought by
Simpsiridis Joannis and Simpsiridis Lauralee
Current Estimated Value
$930,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Outstanding Balance
$83,456
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$847,105

Purchase Details

Closed on
Sep 22, 2014
Sold by
The Sanctuary Llc
Bought by
Windham Eric and Windham Jamie

Purchase Details

Closed on
Jun 24, 2008
Sold by
Cochran Custom Homebuilding Inc
Bought by
The Sanctuary Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
5.97%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
May 2, 2007
Sold by
The Sanctuary Llc
Bought by
Cochran Custom Homebuilding Inc
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
Simpsiridis Joannis $150,000 W Beatty Pearson Pc
Windham Eric $125,000 None Available
The Sanctuary Llc -- None Available
Cochran Custom Homebuilding Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simpsiridis Joannis $135,000
Previous Owner The Sanctuary Llc $380,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2021 09/24/21 Sold $148,000 -1.3% --
08/29/2021 08/29/21 Pending -- -- --
07/17/2020 07/17/20 Price Changed $150,000 -6.2% --
01/30/2020 01/30/20 For Sale $159,900 -- --
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 $2,828 $61,480 $14,140 $47,340
2023 $1,415 $30,760 $30,760 $0
2022 $1,334 $29,000 $0 $0
2021 $2,116 $47,260 $0 $0
2020 $2,013 $43,760 $0 $0
2019 $1,882 $43,760 $0 $0
2018 $1,882 $43,760 $0 $0
2017 $1,882 $43,760 $0 $0
2016 $1,075 $25,000 $0 $0
2015 $1,075 $25,000 $0 $0
2014 -- $17,600 $0 $0
2013 -- $8,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Baldwin REALTORS®

MLS Number: 294103

Baldwin REALTORS®

APN: 46-02-03-0-000-004.083