NOT LISTED FOR SALE

507 Gayfer Ave Fairhope, AL 36532

Estimated Value: $248,000 - $272,897

2 Beds
1 Bath
704 Sq Ft
$370/Sq Ft Est. Value

Last Sold October 15, 2024

Last sale price $252,500 $359 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,552/month

242 Days on Market

Highlights

  • No HOA
  • Cottage
  • Attached Garage
  • Fairhope West Elementary School Rated A-
  • Breakfast Area or Nook
  • Views

About This Home

As of October 2024

This CHARMING FAIRHOPE COTTAGE just 2 minutes from the center of downtown has been remodeled with new kitchen cabinets, quartz countertops, new microwave and dishwasher, flooring, interior paint, lighting, and electrical. Home features 2BR/1BA with an attached single carport on a large lot with a huge, fenced backyard. This is a great investment property, or for first time buyers or second home buyers to enjoy all the Eastern Shore has to offer.All Information provided is deemed reliable but not guaranteed. Buyer or buyer’s agent to verify all information. Buyer to verify all information during due diligence.

Last Agent to Sell the Property

Cindy Zebryk

Coldwell Banker Reehl Prop Fairhope Brokerage Phone: 251-680-7964 Listed on: 01/02/2024

Coldwell Banker Reehl Prop Fairhope

Last Buyer's Agent

Terryl Reeves

Bellator Real Estate, LLC Fair

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,143

Year Built

  • Built in 1960

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 66 x 190
  • South Facing Home
  • Fenced
  • Level Lot
  • Few Trees
  • Zoning described as Single Family Residence,Within Corp Limits

Home Design

  • Cottage
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Lead Paint Disclosure

Interior Spaces

  • 704 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Laminate Flooring
  • Laundry Located Outside
  • Property Views

Kitchen

  • Breakfast Area or Nook
  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Attached Garage
  • 1 Carport Space

Schools

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

Utilities

  • Central Air
  • Heating Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 27 / 27
  • Assessor Parcel Number 4603370004038.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,143

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • View: Southern View
  • Parcel Number: 4603370004038.000
  • Year Built: 1960
  • Property Sub-Type: Cottage
  • ResoCommunityFeatures: None
  • Reso Fencing: Fenced
  • ResoLaundryFeatures: Outside
  • ResoLotFeatures: Less than 1 acre, Level, Few Trees
  • Lot Size Acres: 0.287
  • Attribution Contact: PHONE: 251-680-7964
  • Co List Office Phone: 251-990-6622
  • Ownership: Whole/Full
  • MLS Status: Closed
  • Subdivision Name: Volanta
  • Architectural Style: Cottage
  • ResoBuildingAreaSource: Appraiser
  • Carport Spaces: 1
  • Carport Y N: Yes
  • Reso Fireplace Features: None
  • Reso Interior Features: Ceiling Fan(s)
  • Unit Levels: One
  • Living Area: 704
  • New Construction: No
  • Property Attached Yn: No
  • ResoPropertyCondition: Resale
  • ResoBuildingAreaSource: Appraiser
  • BK20_LFD_BoatFacilities_4: None
  • Kitchen Level: Main
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Gas Range, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Laminate
  • Stories: 1
  • ResoLivingAreaSource: Appraiser
  • Dining Room Features: Breakfast Area-Kitchen
  • Living Room Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Main
  • Room Bedroom2 Level: Main
  • Master Bedroom Features: 1st Floor Primary

Exterior Features

  • Roof: Composition
  • Waterfront: No
  • View: Yes
  • Waterfront Features: No Waterfront
  • Disclosures: Lead Paint Disclosure, Seller Disclosure, Seller Lic RE Agt
  • Home Warranty: No
  • Construction Type: Other-See Remarks
  • Direction Faces: South
  • Foundation Details: Pillar/Post/Pier

Garage/Parking

  • Covered Parking Spaces: 1
  • Attached Garage: No
  • Parking Features: Attached, Single Carport

Utilities

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

Condo/Co-op/Association

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

Schools

  • Middle Or Junior School: Fairhope Middle

Lot Info

  • Lot Dimensions: 66 x 190
  • Lot Size Sq Ft: 12501.72
  • ResoLotSizeUnits: Square Feet
  • Number Of Lots: 1
  • Zoning Description: Single Family Residence,Within Corp Limits
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Annual Amount: 2143
  • Tax Block: 27
  • Tax Lot: 27

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2024
Closed on
Oct 15, 2024
Sold by
Allison Annie Merle
Bought by
Robertson Travis Neal and May Kelly Allison
Seller's Agent
Cindy Zebryk
Coldwell Banker Reehl Prop Fairhope
Buyer's Agent
Terryl Reeves
Bellator Real Estate, LLC Fair
List Price
$300,000
Sold Price
$252,500
Premium/Discount to List
-$47,500
-15.83%
Views
521
Current Estimated Value
$260,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,224
Avg. Annual Appreciation
3.01%
Original Mortgage
$202,000
Outstanding Balance
$199,986
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$60,738
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
Robertson Travis Neal $252,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robertson Travis Neal $202,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2024 10/15/24 Sold $252,500 -9.8% $359 / Sq Ft
06/18/2024 06/18/24 Price Changed $280,000 -3.4% $398 / Sq Ft
03/11/2024 03/11/24 Price Changed $290,000 -3.3% $412 / Sq Ft
01/02/2024 01/02/24 For Sale $300,000 -- $426 / 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 $2,172 $47,220 $34,840 $12,380
2023 $2,143 $46,580 $36,960 $9,620
2022 $1,850 $40,220 $0 $0
2021 $1,683 $36,580 $0 $0
2020 $1,445 $31,420 $0 $0
2019 $614 $14,280 $0 $0
2018 $593 $13,780 $0 $0
2017 $1,157 $26,900 $0 $0
2016 $1,041 $24,220 $0 $0
2015 -- $21,880 $0 $0
2014 -- $17,520 $0 $0
2013 -- $16,260 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Baldwin REALTORS®

MLS Number: 355723

Baldwin REALTORS®

APN: 46-03-37-0-004-038.000