NOT LISTED FOR SALE

502 Liberty St Fairhope, AL 36532

Estimated Value: $418,000 - $685,000

3 Beds
1 Bath
1,224 Sq Ft
$427/Sq Ft Est. Value

Last Sold May 22, 2024

Last sale price $432,000 $353 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,946/month

68 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Formal Dining Room
  • Fairhope West Elementary School Rated A-
  • Cottage
  • Front Porch

About This Home

As of May 2024

Great price in Fruit and Nut District on this remodel opportunity! The house has a nice floor plan and loads of potential...it could really be an incredible Fairhope cottage! Of course you could always build your dream home on this oversized lot with mature landscaping including camelias, azaleas, gardenias and a Live Oak. Close to downtown and only a few blocks from the bay, perfect to enjoy sunsets every evening! Seller is a licensed Realtor in the state of Alabama.

Last Agent to Sell the Property

Christy Flowers

Cottage Properties, LLC Listed on: 01/31/2024

Last Buyer's Agent

Chason Wachter

Cottage Properties, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,264

Year Built

  • Built in 1954

Lot Details

  • 0.25 Acre Lot
  • East Facing Home
  • Fenced

Home Design

  • Cottage
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Asbestos

Interior Spaces

  • 1,224 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Formal Dining Room
  • Property Views

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Fire and Smoke Detector
  • Termite Clearance

Outdoor Features

  • Outdoor Storage
  • Front Porch

Schools

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

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 9 / 9
  • Assessor Parcel Number 4603370013017.516

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,264

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential
  • View: Eastern View
  • Parcel Number: 4603370013017.516
  • Year Built: 1954
  • Property Sub-Type: Cottage
  • ResoCommunityFeatures: None
  • Reso Fencing: Fenced
  • ResoLaundryFeatures: Main Level, Inside
  • ResoLotFeatures: Less than 1 acre
  • Lot Size Acres: 0.25
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Phone: 251-300-5899
  • Ownership: Leasehold
  • MLS Status: Closed
  • Subdivision Name: Fruit & Nut District
  • Architectural Style: Cottage
  • ResoBuildingAreaSource: Appraiser
  • Carport Y N: No
  • Reso Fireplace Features: None
  • Reso Interior Features: Eat-in Kitchen, Ceiling Fan(s), Internet
  • Unit Levels: One
  • Living Area: 1224
  • New Construction: No
  • Property Attached Yn: No
  • ResoPropertyCondition: Resale
  • ResoBuildingAreaSource: Appraiser
  • BK20_LFD_BoatFacilities_4: None
  • Kitchen Level: Main
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Tile, Vinyl, Wood
  • Stories: 1
  • ResoLivingAreaSource: Appraiser
  • Dining Room Features: Separate Dining Room
  • Living Room Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Main
  • Room Bedroom3 Level: Main
  • Room Bedroom2 Level: Main
  • Master Bedroom Features: 1st Floor Primary
  • Dining Room Dining Room Level: Main
  • Master Bathroom Features: Tub/Shower Combo

Exterior Features

  • Roof: Composition
  • Waterfront: No
  • View: Yes
  • Waterfront Features: No Waterfront
  • Home Warranty: No
  • Construction Type: Asbestos
  • Direction Faces: East
  • Exterior Features: Storage, Termite Contract
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: Storage
  • Patio And Porch Features: Porch-Open, Front Porch

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Parking Features: None

Utilities

  • Utilities: Fairhope Utilities, Cable Connected
  • Cooling: Central Electric (Cool), Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Electric, Central
  • HeatingYN: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: More Than 2 Pets Allowed

Schools

  • Middle Or Junior School: Fairhope Middle

Lot Info

  • Lot Dimensions: 80' x 164 IRR
  • Lot Size Sq Ft: 10890
  • ResoLotSizeUnits: Square Feet
  • Number Of Lots: 1
  • Zoning Description: Single Family Residence
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Annual Amount: 2264
  • Tax Block: 9
  • Tax Lot: 9

MLS Schools

  • Elementary School: Fairhope West Elementary
  • HighSchool: Fairhope High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2024
Closed on
May 22, 2024
Sold by
Flowers Kerry B and Christy Norred
Bought by
Peacock Gregory Paul and Peacock Andrea Bolar
Seller's Agent
Christy Flowers
Cottage Properties, LLC
Buyer's Agent
Chason Wachter
Cottage Properties, LLC
List Price
$459,000
Sold Price
$432,000
Premium/Discount to List
-$27,000
-5.88%
Views
61
Current Estimated Value
$522,421

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,421
Avg. Annual Appreciation
14.11%
Original Mortgage
$345,600
Outstanding Balance
$340,754
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$181,667

Purchase Details

Closed on
Dec 8, 2020
Sold by
Flowers Consulting Group Inc
Bought by
Flowers Kerry B and Flowers Christy Noreed

Purchase Details

Listed on
Apr 4, 2014
Closed on
Jul 22, 2014
Sold by
Williams Elizabeth T and Traveis Elizabeth Ann
Bought by
Flowers Consulting Group Inc
Seller's Agent
Margaret Pe Devaney
Ashurst & Niemeyer LLC
Buyer's Agent
Non Member
Non Member Office
List Price
$200,000
Sold Price
$200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.88%
Original Mortgage
$140,000
Interest Rate
4.26%
Mortgage Type
Purchase Money Mortgage
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
Peacock Gregory Paul $432,000 None Listed On Document
Flowers Kerry B $163,000 None Available
Flowers Consulting Group Inc $200,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peacock Gregory Paul $345,600
Previous Owner Flowers Consulting Group Inc $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/22/2024 05/22/24 Sold $432,000 -5.9% $353 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
03/27/2024 03/27/24 For Sale $459,000 0.0% $375 / Sq Ft
03/27/2024 03/27/24 Pending -- -- --
02/27/2024 02/27/24 Price Changed $459,000 -1.9% $375 / Sq Ft
01/31/2024 01/31/24 For Sale $468,000 +134.0% $382 / Sq Ft
07/22/2014 07/22/14 Sold $200,000 0.0% $156 / Sq Ft View Prior Sale
06/22/2014 06/22/14 Pending -- -- --
04/04/2014 04/04/14 For Sale $200,000 -- $156 / 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 $2,537 $56,140 $41,020 $15,120
2023 $2,264 $50,200 $38,440 $11,760
2022 $2,021 $44,920 $0 $0
2021 $3,364 $36,560 $0 $0
2020 $0 $69,220 $0 $0
2019 $0 $65,720 $0 $0
2018 $2,565 $59,640 $0 $0
2017 $2,497 $58,060 $0 $0
2016 $2,577 $59,940 $0 $0
2015 -- $40,000 $0 $0
2014 -- $37,380 $0 $0
2013 -- $40,180 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Baldwin REALTORS®

MLS Number: 357047

Baldwin REALTORS®

APN: 46-03-37-0-013-017.516