NOT LISTED FOR SALE

487 E 1st Ave Unit 10 Gulf Shores, AL 36542

Estimated Value: $593,806 - $726,000

2 Beds
3 Baths
1,420 Sq Ft
$480/Sq Ft Est. Value

Last Sold April 08, 2020

Last sale price $410,500 $289 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $4,282/month

43 Days on Market

Highlights

  • Community Beach Access
  • Water access To Gulf or Ocean
  • High Ceiling
  • Gulf Shores Elementary School Rated A-
  • FORTIFIED Gold
  • Furnished

About This Home

As of April 2020

Comfortable & inviting beach cottage located in the heart of Gulf Shores! Enjoy all Gulf Shores has to offer at this incredible location! Walk to the beach, dining, live music, shopping & more! If you need a break from all the excitement, take in the breeze on your private balcony. Or, relax a bit in this calming and luxurious cottage, featuring granite counters, wood plank flooring & shiplap walls, all finished in cool gray tones complemented by tasteful beach decor. This cottage also offers more privacy being set back from the main road with no neighbors on either side. After a day at the beach you can the sand outside with your outdoor shower & storage for all your beach necessities. Or if you need to cool off a bit, take a dip in the pool, just steps from your door. This Gold Fortified, rental machine is sure to make your investment dreams a reality!

Last Agent to Sell the Property

DO NOT USE Group

JWRE Listed on: 01/16/2020

Co-Listed By

Shannon Runge

JPAR Gulf Coast - Spanish Fort License #109679

Last Buyer's Agent

Heather Loper & Associates

Keller Williams AGC Realty - Orange Beach

Keller Williams AGC Realty - Orange Beach

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,448

Year Built

  • Built in 2017

Lot Details

  • Landscaped
  • Zero Lot Line

HOA Fees

  • $275 Monthly HOA Fees

Home Design

  • Cottage
  • Metal Roof
  • Concrete Fiber Board Siding
  • Piling Construction

Interior Spaces

  • 1,420 Sq Ft Home
  • 2-Story Property
  • Furnished
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Fire and Smoke Detector
  • Stacked Washer and Dryer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Parking

  • Attached Garage
  • Carport

Eco-Friendly Details

  • FORTIFIED Gold

Outdoor Features

  • Water access To Gulf or Ocean
  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Gulf Shores Elementary School
  • Gulf Shores High School

Utilities

  • Central Heating and Cooling System
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 66-05-21-2-000-129.001

Community Details

Overview

  • Association fees include management, cable, common area insurance, common area maintenance, reserve funds, taxes-common area, trash, internet, pool
  • Cottages At Romeo Beach Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Community Barbecue Grill
  • Community Wi-Fi

Recreation

  • Community Beach Access
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,448

Year Built

Built in 2017

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Pilings, Fortified-Gold
  • Construction Status: Resale
  • Flood Zone: AE
  • Property Amenities: Cable, Ceiling Fan(s), Covered Patio, En-Suite, High Ceilings, Internet, Patio, Storage-Out, Window Treatments
  • Property Type: Residential Detached
  • Restrictive Covenants: Yes
  • Style: Cottage
  • Parcel Id Tax Id: 66-05-21-2-000-129.001
  • Year Built: 2017
  • Geo Subdivision: AL
  • Living Room Group: Living Room
  • Property Legal Description: 38' X 43.3' LOT 10 COTTAGES AT ROMEO BEACH SUB SLIDE 2594-A & A 9/1360TH INT IN BEACH LOT (PAR 175)
  • Subdivsn Or Commnty: Cottages at Romeo Beach
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range-Electric, Smoke Detector, Stack Washer/Dryer
  • Estimated Living Area: 1420
  • Bathrooms: 3
  • Bedroom 2: Dimensions: 11x13, On Level: 2
  • Bedrooms: 2
  • Floors: Carpet, Tile
  • Kitchen: Dimensions: 8x12, On Level: Main Level
  • Living Room: Dimensions: 17x14, On Level: Main Level
  • Master Bed: Dimensions: 14x18, On Level: 2
  • Price Per Sq Ft: 289.08
  • Property Interior Stories: 2
  • Primary Bedroom Bathroom Combo: Yes
  • Primary Bedroom Bathrooms: Double Vanity

Exterior Features

  • Exterior Finish: Concrete Board
  • Roof: Metal
  • Water Property Type: Beach Accs (Wlk <=1/4 Mi), Gulf Accs (Wlk <=1/4 Mi)

Garage/Parking

  • Garage Parking: Attached, Double Carport

Utilities

  • Heat Cooling: Central Electric
  • Utilities: Baldwin Co Sewer Service, Cable Tv, Baldwin Emc, Gulf Shores Utilities

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association Fees: 275
  • Association Fees Include: Association Management, Cable, Common Area Insurance, Common Area Maintenance, Reserve Funds, Taxes-Common Area, Trash, Internet, Pool
  • Community Amenities: Bbq Area, Covered Entry, Internet, Landscaping, Pool - Outdoor, Pets - Owners Only

Lot Info

  • Lot Block Unit: 10
  • Lot Description: Zero Lot Line

Rental Info

  • Furnished: Yes

Tax Info

  • Property Taxes: 2447.94
  • Assessor Parcel Number: 371487

MLS Schools

  • Elementary School: Gulf Shores Elementary
  • HighSchool: Gulf Shores High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2020
Closed on
Apr 8, 2020
Sold by
Cain Gulfd Shore Rentals Llc
Bought by
Spicer David L and Spicer Susan C
Seller's Agent
DO NOT USE Group
JWRE
Buyer's Agent
Heather Loper & Associates
Keller Williams AGC Realty - Orange Beach
List Price
$419,000
Sold Price
$410,500
Premium/Discount to List
-$8,500
-2.03%
Current Estimated Value
$691,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,686
Avg. Annual Appreciation
9.58%
Original Mortgage
$186,500
Outstanding Balance
$165,216
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$516,986

Purchase Details

Closed on
Jun 26, 2017
Sold by
Ko Investments Llc
Bought by
Cain Gulf Shore Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,075
Interest Rate
3.95%
Mortgage Type
Commercial
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
Spicer David L $410,500 None Available
Cain Gulf Shore Rentals Llc $308,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spicer David L $186,500
Previous Owner Cain Gulf Shore Rentals Llc $350,075
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2020 04/08/20 Sold $410,500 -2.0% $289 / Sq Ft
02/28/2020 02/28/20 Pending -- -- --
01/16/2020 01/16/20 For Sale $419,000 -- $295 / 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 $4,667 $141,420 $59,100 $82,320
2023 $4,410 $133,640 $50,400 $83,240
2022 $3,239 $98,140 $0 $0
2021 $2,683 $81,860 $0 $0
2020 $2,617 $79,300 $0 $0
2019 $2,448 $74,180 $0 $0
2018 $2,448 $74,180 $0 $0
2017 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Baldwin REALTORS®

MLS Number: 293445

Baldwin REALTORS®

APN: 66-05-21-2-000-129.001