NOT LISTED FOR SALE

503 Falling Water Blvd Fairhope, AL 36532

Estimated Value: $1,244,000 - $2,257,000

6 Beds
9 Baths
7,208 Sq Ft
$243/Sq Ft Est. Value

Last Sold July 08, 2019

Last sale price $1,435,000 $199 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $10,349/month

Highlights

  • 295 Feet of Waterfront
  • Docks
  • French Provincial Architecture
  • Fairhope Middle School Rated A
  • In Ground Pool
  • Vaulted Ceiling

About This Home

As of July 2019

Stunning custom built home in the sought after The Waters neighborhood. This home is over 7,200 sqft with 6 bedrooms, 6 bathrooms, 3 half-baths, a study, and a bonus. Top-of-the-line finishes are spread throughout this home with features like a wet bar, hunting/outdoor room, and a large built-in desk in the upstairs landing. Beautiful heart pine floors are spread throughout the entire home. This home is an entertainers dream that boast a top-of-the-line kitchen, formal and informal living areas, and formal and informal dining areas. The back porch is stretched across the entire back of this home with multiple seating areas and a breathtaking view. A one-of-a-kind pool and large hot tub are surrounded by incredible stonework and over 4000ft of stone decking. Enjoy a cookout and sit by the fire in the downstairs outdoor kitchen right off of the patio. Sitting on a premier lakefront lot, you also have your own personal boathouse with a boat slip. Don’t miss out on all that this home has to offer.

Last Agent to Sell the Property

Rance Reehl

Coldwell Banker Reehl Prop Fairhope License #8524 Listed on: 06/08/2019

Coldwell Banker Reehl Prop Fairhope

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,745

Year Built

  • Built in 2008

Lot Details

  • 0.69 Acre Lot
  • Lot Dimensions are 109x318x88x295
  • 295 Feet of Waterfront
  • Lake Front

HOA Fees

  • $100 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • French Provincial Architecture
  • Brick Front

Interior Spaces

  • 7,208 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Double Pane Windows
  • Family Room
  • Breakfast Room
  • Formal Dining Room
  • Den
  • Water Views

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • In-Law or Guest Suite
  • Separate Shower in Primary Bathroom

Outdoor Features

  • In Ground Pool
  • Docks
  • Front Porch

Schools

  • Fairhope East Elementary School
  • Fairhope Middle School
  • Fairhope High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities

Community Details

  • Waters At Fairhope Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4602030000004055

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,745

Year Built

Built in 2008

Lot Details

0

HOA Fees

$100 per month

Parking

3

Listing Details

  • Standard Status: Closed
  • Legal Description: 159.8' X 318.8' IRR LOT 47 THE WATERS AT FAIRHOPE SUB SLIDE 2317-A,B,C,D&E & AMENDED SLIDE 2340-A,B,C,D&E LYING IN THE C ITY OF FAIRHOPE SEC 3-T6S-R2E (WD-SURVIVORSHIP)
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: French Provincial
  • Property Condition: Resale
  • Year Built: 2008
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Ceramic Tile, Hardwood
  • Fireplace Features: Gas Log
  • Number Of Fireplaces: 1
  • Interior Amenities: High Ceilings 9 ft Main, Vaulted, Walk-In Closet(s), Wet Bar
  • Kitchen Features: Breakfast Room
  • Common Walls: No Common Walls
  • Additional Rooms: Den, Family Room
  • Dining Room Features: Separate Dining Room
  • Square Footage: 7208.00
  • Spa Features: None
  • Window Features: Double Panes

Beds/Baths

  • Total Bedrooms: 6
  • Bedroom Features: In-Law Suite/Apartment, Master on Main
  • Total Bathrooms: 9
  • Total Full Baths: 6
  • Total Half Baths: 3
  • Master Bathroom Features: Separate Tub/Shower

Exterior Features

  • Waterfront Frontage: 295
  • Construction Materials: Brick Front
  • Patio And Porch Features: Front Porch, Rear Porch
  • Pool Features: In Ground
  • View: Water
  • Pool Private: Yes
  • Foundation: None

Garage/Parking

  • Number of Garage Spaces: 3
  • Parking Features: Attached, Garage

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central, Natural Gas
  • Utilities: Electricity Available, Natural Gas Available, Underground Utilities
  • Electric: None

Condo/Co-op/Association

  • Association Fee: 100
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Subdivision Complex: WATERS AT FAIRHOPE

Schools

  • Elementary School: Fairhope East
  • Middle School: Fairhope
  • High School: Fairhope

Lot Info

  • Acres: 0.6900
  • Lot Dimensions: 109x318x88x295
  • Parcel Number: 4602030000004055
  • Price Acre Dollar: 2079710.14
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Rental Info

  • Deposit Required: None

Tax Info

  • Assessor Parcel Number: 46-02-03-0-000-004.055
  • Close Date: 2019-07-08

Multi Family

  • Waterfront Features: Lake Front

MLS Schools

  • Elementary School: Fairhope East
  • High School: Fairhope
  • Middle School: Fairhope

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2021
Sold by
Limitless By Truland Homes Llc
Bought by
Halbert Jason G and Halbert Alison C
Current Estimated Value
$1,750,500

Purchase Details

Listed on
Jun 8, 2019
Closed on
Jul 8, 2019
Sold by
Henseler Alan J and Henseler Rachelle M
Bought by
Halbert Jason G and Halbert Alison C
Seller's Agent
Rance Reehl
Coldwell Banker Reehl Prop Fairhope
Sold Price
$1,435,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.56%
Original Mortgage
$484,350
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2007
Sold by
The Sanctuary Llc
Bought by
Henseler Alan J and Henseler Rachelle M
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
Halbert Jason G $215,000 None Available
Halbert Jason G $1,435,000 None Available
Henseler Alan J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Halbert Jason G $472,000
Previous Owner Halbert Jason G $484,350
Previous Owner Henseler Alan J $400,000
Previous Owner Henseler Alan J $535,000
Previous Owner Henseler Alan J $850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2019 07/08/19 Sold $1,435,000 0.0% $199 / Sq Ft
07/08/2019 07/08/19 Sold $1,435,000 -15.3% $199 / Sq Ft
06/08/2019 06/08/19 Pending -- -- --
06/08/2019 06/08/19 Pending -- -- --
11/13/2017 11/13/17 For Sale $1,695,000 -- $235 / Sq Ft
Source: Gulf Coast MLS (Mobile Area Association of 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 $8,745 $191,080 $25,260 $165,820
2023 $8,550 $186,840 $27,680 $159,160
2022 $7,410 $162,060 $0 $0
2021 $6,923 $144,600 $0 $0
2020 $6,608 $144,620 $0 $0
2019 $7,866 $183,980 $0 $0
2018 $6,889 $161,260 $0 $0
2017 $6,477 $151,680 $0 $0
2016 $6,541 $153,160 $0 $0
2015 $6,328 $148,200 $0 $0
2014 $6,333 $148,320 $0 $0
2013 -- $147,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)

MLS Number: 0607369

Gulf Coast MLS (Mobile Area Association of REALTORS®)

APN: 46-02-03-0-000-004.055