NOT LISTED FOR SALE

448 Portofino Loop Foley, AL 36535

Estimated Value: $153,000 - $301,000

0.1 Acre
$2,391,780 Price per Acre
4,356 Sq Ft Lot

Last Sold April 29, 2021

Last sale price $200,000

Est. 20% increase in value since last sale

Current estimated payment $1,623/month

250 Days on Market

Highlights

  • Fishing Pier
  • Fitness Center
  • Gated Community
  • Access To Lake
  • RV Hookup
  • Clubhouse

About This Lot

As of April 2021

Luxury Class A Exclusive Motor Coach Resort rated #1 in the South and in the Top 5 RV Resorts in the United States. Lot #31-448 is a Premium Terraced lot priced to sell at $240,000 and located on the resort's coveted back terrace. This is an oversized lot with large shade trees at the back and a gorgeous view of the lake, fountain and grand clubhouse! This site features a 224 square foot Casita with porcelain tile flooring and a 6' covered porch. In the living area, space is maximized with built-in wall storage. The kitchen boasts a full-size Kenmore side-by-side refrigerator with bottom drawer freezer. The full bath includes an extra large walk-in tiled shower with glass door. The casita utilizes a Rinnai on-demand hot water heater. For outdoor enjoyment, there is a 10' x 14' screened gazebo with ceiling fan and cable TV connection and ample space for entertaining family and friends on warm, Summer afternoons. There is an outdoor grilling work station with counter top. A separate drive leads to a 12' x 12' utility building with built-in storage and work space and double doors for golf cart storage. The utility building is wired for electrical and includes an air conditioning unit. Extras also include an outdoor utility sink, landscaping, and a stacked block retaining wall. The site is North-facing and offers convenient access to the Southwest dog park and bathhouse with dog wash facility. Whether you plan to be a full-time resort resident, or you're looking for a home base to return to from your travels, you will feel right a home on lot 31-448. Resort amenities include a 6,000 sq ft clubhouse, zero entry infinity edge pool, hot tub, well-appointed fitness center, wet/dry sauna, movie theater room, stocked lake, dog parks & dog wash, and daily activities for guests. Low COA fees and property tax! Great investment property operated through a national, income generating rental program.

Last Agent to Sell the Property

Denise Peoples

Bella Terra Realty, LLC Listed on: 06/25/2020

Last Buyer's Agent

Denise Peoples

Bella Terra Realty, LLC Listed on: 06/25/2020

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $373

Lot Details

  • 4,356 Sq Ft Lot
  • Landscaped
  • Finished Lot(s)

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • RV Hookup

Utilities

  • Heating System Uses Natural Gas
  • Underground Utilities
  • Cable TV Available

Additional Features

  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 61-05-15-0-000-005.001-903

Community Details

Overview

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

Amenities

  • Community Gazebo
  • Community Barbecue Grill
  • Sauna
  • Clubhouse
  • Meeting Room
  • Laundry Facilities
  • Community Wi-Fi

Recreation

  • Fishing Pier
  • Fitness Center
  • Community Pool
  • Community Spa
  • Access To Lake

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$373

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • Class: Lots And Land
  • Property Type: Rv Lot Improved
  • Restrictive Covenants: Yes
  • View: Northern View
  • Lot Type: Lot
  • Owners Association: Yes
  • Parcel Id Tax Id: 61-05-15-0-000-005.001-903
  • Geo Subdivision: AL
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 2000000

Exterior Features

  • Water Property Type: Lake Accs (Wlk <=1/4 Mi)

Utilities

  • Utilities: Cable Tv, Gas-Natural, Rv Hookup, Sewage-City, Underground Utilities, Water-City, Baldwin Emc

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association Fees: 300
  • Association Management Email: julie@bellaterrarvresort.com
  • Community Amenities: Bbq Area, Club House, Exercise Room, Fishing Pier, Gazebo, Internet, Landscaping, Laundry Facilities, Meeting Room, Pool - Outdoor, Pets - Allowed, Spa/Hot Tub, Steam/Sauna, Gated

Schools

  • Elementary School: Foley Elementary
  • High School: Foley High

Lot Info

  • Estimated Lot Size: 0.1
  • Lot Block Unit: 31
  • Lot Description: Less Than 1 Acre
  • Lot Size: 4499 sq ft

Rental Info

  • Incm Producing Potential: Yes

Tax Info

  • Property Taxes: 373.20
  • Assessor Parcel Number: 347958

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2020
Closed on
Apr 27, 2021
Sold by
Preston Donna L
Bought by
Sanders Terry E
Seller's Agent
Denise Peoples
Bella Terra Realty, LLC
Buyer's Agent
Denise Peoples
Bella Terra Realty, LLC
List Price
$240,000
Sold Price
$200,000
Premium/Discount to List
-$40,000
-16.67%
Current Estimated Value
$239,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,178
Avg. Annual Appreciation
4.09%
Original Mortgage
$160,000
Outstanding Balance
$145,000
Interest Rate
3.1%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$94,178

Purchase Details

Closed on
Dec 12, 2014
Sold by
Bella Terra Llc
Bought by
Preston James C and Preston Donna L
Source: Public Records

Range of Values:

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Average Value
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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
Sanders Terry E $200,000 None Available
Preston James C $130,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanders Terry E $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2021 04/29/21 Sold $200,000 -2.4% --
03/02/2021 03/02/21 Pending -- -- --
02/12/2021 02/12/21 Price Changed $205,000 -6.6% --
02/01/2021 02/01/21 Price Changed $219,500 -2.4% --
10/21/2020 10/21/20 Price Changed $225,000 -6.3% --
06/25/2020 06/25/20 For Sale $240,000 -- --
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 $696 $21,080 $10,260 $10,820
2023 $699 $21,180 $11,000 $10,180
2022 $631 $19,120 $0 $0
2021 $1,067 $19,120 $0 $0
2020 $386 $15,280 $0 $0
2019 $373 $14,800 $0 $0
2018 $310 $12,400 $0 $0
2017 $399 $12,080 $0 $0
2016 $305 $9,240 $0 $0
2015 $570 $17,280 $0 $0
2014 $689 $20,880 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Baldwin REALTORS®

MLS Number: 300609

Baldwin REALTORS®

APN: 61-05-15-0-000-005.001-903