NOT LISTED FOR SALE

40508 Lake Dr Bay Minette, AL 36507

Estimated Value: $279,000 - $442,000

3 Beds
2 Baths
1,700 Sq Ft
$201/Sq Ft Est. Value

Last Sold March 31, 2014

Last sale price $118,000 $69 Per Sq Ft

Est. 190% increase in value since last sale

Current estimated payment $1,936/month

195 Days on Market

Highlights

  • Waterfront
  • Attached Garage
  • Central Heating and Cooling System
  • Creole Architecture
  • Double Pane Windows
  • Combination Kitchen and Dining Room

About This Home

As of March 2014

Beautiful, rustic cedar home with 1/2 acre+- pond. Some recent renovations in flooring. Home is in move-in condition. Screen porch, deck with a view of the pond. Double garage. Lot size is approx. 1.68 acres. Home is situated at the end of a cul-de-sac. Great location just off Hwy. 59/31. One of a kind property!

Last Agent to Sell the Property

Kathy Bryars

Delta Realty LLC Listed on: 09/13/2013

Last Buyer's Agent

Non Member

Non Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $777

Year Built

  • Built in 1996

Lot Details

  • 1.6 Acre Lot
  • Waterfront

Home Design

  • Creole Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,700 Sq Ft Home
  • 1-Story Property
  • ENERGY STAR Qualified Ceiling Fan
  • Double Pane Windows
  • Insulated Doors
  • Combination Kitchen and Dining Room
  • Utility Room
  • Termite Clearance

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Attached Garage
  • Automatic Garage Door Opener

Utilities

  • Central Heating and Cooling System

Community Details

  • Neighbors Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 2802040001047000

Home Details

Home Type

Single Family

Est. Annual Taxes

$777

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Wood Frame, Slab
  • Intersecting Street: Dogwood
  • Property Amenities: Automatic Garage Door, Termite Contract
  • Property Type: Residential Detached
  • Restrictive Covenants: Yes
  • Style: Creole
  • Zoning Area: Single Family Residence
  • Parcel Id Tax Id: 2802040001047000
  • Year Built: 1996
  • Geo Subdivision: AL
  • Subdivsn Or Commnty: Neighbors
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Range-Electric, Refrigerator
  • Estimated Living Area: 1700
  • Bathrooms: 2
  • Bedroom 2: Dimensions: 10x11, On Level: Main Level
  • Bedroom 3: Dimensions: 8x11, On Level: Main Level
  • Bedrooms: 3
  • Dining Area Type: Dining/Kitchen Combo
  • Fireplace: No Fireplace
  • Floors: Carpet, Vinyl, Laminate
  • Kitchen: Dimensions: 12x14, On Level: Main Level
  • Living Room: Dimensions: 21x14, On Level: Main Level
  • Master Bed: Dimensions: 15x15, On Level: Main Level
  • Other Rooms: Utility Room-Inside
  • Price Per Sq Ft: 69.41
  • Property Interior Stories: 1

Exterior Features

  • Exterior Finish: Wood
  • Roof: Composition Shingle

Garage/Parking

  • Garage Parking: Attached, Double Garage

Utilities

  • Heat Cooling: Central Electric, Central Electric (Cool)
  • Utilities: Sewage-Septic

Lot Info

  • Estimated Lot Size: 1.6
  • Lot Description: 1-3 Acres, Waterfront
  • Lot Size: approx. 1.68 ac

Green Features

  • Energy Saving Features: Ceiling Fan(s), Double Pane Windows, Thermal Doors

Tax Info

  • Assessor Parcel Number: 033465

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2013
Closed on
Mar 27, 2014
Sold by
Williams Rexanne Mills and Mills Gregory Forrest
Bought by
Bailey Stacey Lynn
Seller's Agent
Kathy Bryars
Delta Realty LLC
Buyer's Agent
Non Member
Non Member Office
List Price
$118,000
Sold Price
$118,000
Current Estimated Value
$341,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,709
Avg. Annual Appreciation
9.45%
Original Mortgage
$121,428
Outstanding Balance
$93,507
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$236,091
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
Bailey Stacey Lynn $118,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bailey Stacey Lynn $121,428
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2014 03/31/14 Sold $118,000 0.0% $69 / Sq Ft
03/27/2014 03/27/14 Pending -- -- --
09/13/2013 09/13/13 For Sale $118,000 -- $69 / 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 $777 $27,540 $1,700 $25,840
2023 $633 $22,720 $1,660 $21,060
2022 $454 $16,760 $0 $0
2021 $418 $15,360 $0 $0
2020 $410 $15,300 $0 $0
2019 $404 $15,100 $0 $0
2018 $375 $14,140 $0 $0
2017 $346 $13,160 $0 $0
2016 $325 $12,460 $0 $0
2015 -- $13,000 $0 $0
2014 -- $24,840 $0 $0
2013 -- $12,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kathy Bryars

    Seller's Agent in 2014

    Kathy Bryars

    Delta Realty LLC

    (251) 423-1416

    74 Total Sales

    Section Image

  • N

    Buyer's Agent in 2014

    Non Member

    Non Member Office

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Map

Source: Baldwin REALTORS®

MLS Number: 203906

Baldwin REALTORS®

APN: 28-02-04-0-001-047.000

Alabama Baldwin County Bay Minette 36507

40508 Lake Dr, Bay Minette, AL

This home is located at 40508 Lake Dr, Bay Minette, AL 36507 since 13 September 2013 and is currently estimated at $341,709, approximately $201 per square foot. This property was built in 1996. 40508 Lake Dr is a home located in Baldwin County with nearby schools including Pine Grove Elementary School, Bay Minette Middle School, and Baldwin County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Baldwin REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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