NOT LISTED FOR SALE

503 3rd St Fairhope, AL 36532

Estimated Value: $534,747 - $545,000

3 Beds
2 Baths
1,464 Sq Ft
$368/Sq Ft Est. Value

Last Sold June 29, 2023

Last sale price $501,000 $342 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,221/month

6 Days on Market

Highlights

  • Cottage
  • Detached Garage
  • Eat-In Kitchen
  • Fairhope West Elementary School Rated A-
  • Front Porch
  • Living Room

About This Home

As of June 2023

This quaint cottage is a brisk walk or golf cart ride through Oak tree shaded streets to downtown Fairhope! Utopian Fairhope has everything you need from shopping, dining & activities along the Bay. Not only is the location perfect, the recent updates throughout the home will have you proclaiming this is the one! A true cottage with a large front porch, a side secret garden with swing set & separate picket fence area ready for the new puppy. A few of the updates include a completely renovated kitchen with Bespoke Samsung appliances, complete with beverage center, wifi enabled & air fryer equipped- this is luxury for modern day living! Crisp white marble countertops & backsplash, custom cabinets, a walk in pantry with custom California closets with pull out shelving- this is an organizer's dream. Upon entry through the front door you'll you'll notice the beautiful new light oak LVP flooring which is carried throughout the entire home. There are two bedrooms on the main level which share a bright crisp new bathroom. Upstairs has a large bonus room with full renovated bathroom, closet & laundry room- use this as extra living room or could be a primary en-suite. Tankless water heater, electricity upgraded to expand capacity, alarm system on windows & doors, ridge vents installed in the roof for attic ventilation, new paint, crown molding, new tubs with tile surround, new toilets, sinks, fixtures- it's all brand new! Large lot enveloped by mature Magnolia's has a large detached garage with plenty of space to use a workshop or store extra vehicles. Plumbing stubbed out off of kitchen pantry/utility room, one could easily add a downstairs bath ensuite or outdoor shower. Plenty of space in the backyard to put in a pool & turn the garage into a poolside casita! Tucked a few blocks away from downtown Fairhope, minutes from Mobile Bay- don't miss this opportunity!

Last Agent to Sell the Property

Martha Fowler

Dodson Real Estate Group, LLC Listed on: 05/16/2023

Co-Listed By

Alicen Fowler

Dodson Real Estate Group, LLC

Last Buyer's Agent

Dorman Group

Mobile Bay Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,458

Year Built

  • Built in 1983

Lot Details

  • Lot Dimensions are 79 x 183
  • Fenced
  • Level Lot
  • Few Trees

Parking

  • Detached Garage

Home Design

  • Cottage
  • Slab Foundation
  • Ridge Vents on the Roof
  • Composition Roof
  • Wood Siding
  • Hardboard

Interior Spaces

  • 1,464 Sq Ft Home
  • 1.5-Story Property
  • ENERGY STAR Qualified Ceiling Fan
  • Ceiling Fan
  • Living Room
  • Vinyl Flooring

Kitchen

  • Eat-In Kitchen
  • Convection Oven
  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector
  • Termite Clearance

Eco-Friendly Details

  • Energy-Efficient Appliances

Outdoor Features

  • Outdoor Storage
  • Front Porch

Schools

  • Fairhope West Elementary School
  • Fairhope High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number 46-03-37-0-014-172.005

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,458

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Slab
  • Construction Status: Resale
  • Flood Zone: X
  • Intersecting Street: Pecan Ave
  • Property Amenities: Carbon Monoxide Detector, Ceiling Fan(s), Fenced, Security System, Storage-Out, Termite Contract, Porch-Front
  • Property Type: Residential Detached
  • Style: Cottage
  • Zoning Area: Single Family Residence
  • Parcel Id Tax Id: 46-03-37-0-014-172.005
  • Year Built: 1983
  • Geo Subdivision: AL
  • Governing Municipality: Fairhope
  • Living Room Group: Living Room
  • Property Legal Description: 78.6' X 173' LOT 3 PECAN ESTATES MB11 PG189 CONTAINING .3 AC RES CITY OF FAIRHOPE GR SEC 37-T6S-R2E
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Convection Oven, Dishwasher, Disposal, Dryer, Refrigerator, Range-Electric, Smoke Detector, Washer
  • Estimated Living Area: 1464
  • Bathrooms: 2
  • Bedroom 2: Dimensions: 14 x 12, On Level: Main Level
  • Bedroom 3: Dimensions: 17 x 14, On Level: 2
  • Bedrooms: 3
  • Dining Area Type: Eat In Kitchen
  • Fireplace: No Fireplace
  • Floors: Vinyl
  • Kitchen: Dimensions: 14 x 9, On Level: Main Level
  • Living Room: Dimensions: 17 x 14, On Level: Main Level
  • Master Bed: Dimensions: 15 x 11, On Level: Main Level
  • Price Per Sq Ft: 342.21
  • Property Interior Stories: 1.5

Exterior Features

  • Exterior Finish: Hardboard, Wood
  • Roof: Composition Shingle
  • Water Property Type: No Waterfront

Garage/Parking

  • Garage Parking: Detached

Utilities

  • Heat Cooling: Central Electric (Cool), Central Electric
  • Utilities: Gas-Natural, Sewage-City, Water Heater-Tankless, Water-City, Fairhope Utilities

Schools

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

Green Features

  • Energy Saving Features: Ceiling Fan(s), Energy Effic Appliances, Ridge Vent, Tankless Water Heater

Lot Info

  • Lot Block Unit: 3
  • Lot Description: Less Than 1 Acre, Level, Some Trees
  • Lot Size: 79 x 183

Tax Info

  • Property Taxes: 1458
  • Assessor Parcel Number: 72719

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2023
Closed on
Jun 29, 2023
Sold by
Stevens Donovan and Stevens Colleen
Bought by
Hadley Lisa
Seller's Agent
Martha Fowler
Dodson Real Estate Group, LLC
Buyer's Agent
Dorman Group
Mobile Bay Realty
List Price
$525,000
Sold Price
$501,000
Premium/Discount to List
-$24,000
-4.57%
Views
86
Current Estimated Value
$538,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,187
Avg. Annual Appreciation
3.15%

Purchase Details

Closed on
Feb 20, 2015
Sold by
Porter Ware M
Bought by
Taylor Justin W and Taylor Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,504
Interest Rate
5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 25, 2014
Sold by
Overton J Ralph
Bought by
Porter Ware M

Purchase Details

Closed on
Aug 2, 2005
Sold by
Carnley George W and Carnley Kimerly Ann
Bought by
Overton J Ralph and Porter Ware M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,400
Interest Rate
6.3%
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
Hadley Lisa $501,000 None Listed On Document
Taylor Justin W $245,504 None Available
Porter Ware M $150,000 None Available
Overton J Ralph -- Bayshore Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taylor Justin W $230,504
Previous Owner Overton J Ralph $207,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/29/2023 06/29/23 Sold $501,000 -4.6% $342 / Sq Ft
05/22/2023 05/22/23 Pending -- -- --
05/16/2023 05/16/23 For Sale $525,000 +18.1% $359 / Sq Ft
06/03/2022 06/03/22 Sold $444,500 -6.4% $304 / Sq Ft View Prior Sale
05/14/2022 05/14/22 Pending -- -- --
04/27/2022 04/27/22 For Sale $475,000 +76.3% $324 / Sq Ft
01/31/2019 01/31/19 Sold $269,500 -10.1% $184 / Sq Ft View Prior Sale
12/15/2018 12/15/18 Pending -- -- --
09/13/2018 09/13/18 Price Changed $299,900 -7.6% $205 / Sq Ft
09/05/2018 09/05/18 Price Changed $324,500 -1.5% $222 / Sq Ft
07/19/2018 07/19/18 For Sale $329,500 -- $225 / 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 $4,510 $98,040 $54,680 $43,360
2023 $3,985 $86,640 $53,800 $32,840
2022 $1,758 $38,220 $0 $0
2021 $1,458 $31,700 $0 $0
2020 $1,386 $30,140 $0 $0
2019 $1,187 $28,640 $0 $0
2018 $1,087 $26,320 $0 $0
2017 $1,045 $25,340 $0 $0
2016 $976 $23,740 $0 $0
2015 $1,541 $35,840 $0 $0
2014 $1,503 $34,560 $0 $0
2013 -- $34,020 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Baldwin REALTORS®

MLS Number: 346024

Baldwin REALTORS®

APN: 46-03-37-0-014-172.005