NOT LISTED FOR SALE

507 Nichols Ave Fairhope, AL 36532

Estimated Value: $285,000 - $315,620

3 Beds
2 Baths
1,200 Sq Ft
$251/Sq Ft Est. Value

Last Sold April 23, 2021

Last sale price $238,000 $198 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $1,818/month

Highlights

  • Open-Concept Dining Room
  • Wood Burning Stove
  • Cottage
  • Fairhope West Elementary School Rated A-
  • 1 Fireplace
  • Ceramic Tile Flooring

About This Home

As of April 2021

Vacant and Easy to Show! Excellent Location!!! ROOF replaced 2013! AC replaced in 2014! NEWLY Painted Exterior Brick! This Adorable Cottage is within walking distance of Downtown Fairhope! Enjoy all the festive activities and unique dining and shopping opportunities that Fairhope has to offer! Also, Mobile Bay is a short drive with magnificent sunsets and refreshing bay breezes. Upon entering the home, you're greeted by the quaint living room, complete with wood burning fireplace, perfect for chilly evenings by the fire! To your left is the dining area, kitchen & indoor laundry room. Follow the hallway to 3 spacious bedrooms, guest bathroom and Master bath. The home has a spacious backyard with storage shed that conveys. Tile flooring throughout. Property has a great rental history! Call Today!

Last Agent to Sell the Property

Alison Ward

Mobile Bay Realty License #107471 Listed on: 02/26/2021

Last Buyer's Agent

NOT MULTIPLE LISTING

NOT MULTILPLE LISTING

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,742

Year Built

  • Built in 1982

Lot Details

  • 0.8

Home Design

  • Cottage
  • Wood Siding
  • Brick Front

Interior Spaces

  • 1,200 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Wood Burning Stove
  • Open-Concept Dining Room
  • Ceramic Tile Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

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

Additional Features

  • Outdoor Storage
  • Central Heating and Cooling System

Community Details

  • Central Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4603370008071002

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,742

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Legal Description: 52.3' X 123.9' IRR PT OF LOT 19 & PT OF LOT 1 CENTRAL PARK A DDN BLK 4 MB1 PG101 IN THE CITY OF FAIRHOPE DESC AS BEG AT T HE NE COR LOT 19 SD SUB RUN NE 50', TH SE 118', TH W ALG N R /W OF NICHOLS AVE 52.3', TH NW 117.3' TO THE POB IN THE CITY OF FAI RHOPE GR SEC 37-T6S-R2E (WD - TENANTS-IN-COMMON/SURVI VORSHIP)
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cottage
  • Property Condition: Resale
  • Year Built: 1982
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Ceramic Tile
  • Fireplace Features: Wood Burning Stove
  • Number Of Fireplaces: 1
  • Common Walls: No Common Walls
  • Additional Rooms: Other
  • Dining Room Features: Open Concept
  • Square Footage: 1200.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 3
  • Bedroom Features: Master on Main
  • Total Bathrooms: 2
  • Total Full Baths: 2

Exterior Features

  • Construction Materials: Brick Front, Wood Siding
  • Exterior Features: Storage
  • Foundation: None

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: CENTRAL PARK

Schools

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

Lot Info

  • Lot Dimensions: 52.3' X 123.9' IRR
  • Parcel Number: 4603370008071002
  • 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: 46-03-37-0-008-071.002
  • Close Date: 2021-04-23

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 5, 2023
Sold by
Lipscomb Michael Ross
Bought by
Sawyer Aubrey Bernie
Current Estimated Value
$300,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,450
Interest Rate
6.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2012
Sold by
Lipscomb Joy
Bought by
Lipscomb Michael R

Purchase Details

Closed on
Jul 2, 2010
Sold by
Lipscomb James Alan
Bought by
Lipscomb Michael R and Lipscomb Joy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,063
Interest Rate
4.77%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 30, 2007
Sold by
Bella Properties Llc
Bought by
Lipscomb James Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,780
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2006
Sold by
Flowers Kerry B and Flowers Christy N
Bought by
Schmitt Keith and Schmitt Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,000
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 20, 2005
Sold by
Day Dennis L
Bought by
Flowers Kerry B and Flowers Christy N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Sawyer Aubrey Bernie $270,000 None Listed On Document
Lipscomb Michael R $99,500 None Available
Lipscomb Michael R -- None Available
Lipscomb James Alan -- None Available
Schmitt Keith -- None Available
Bella Properties Llc -- None Available
Flowers Kerry B -- None Available
Flowers Kerry B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Sawyer Aubrey Bernie $9,450
Open Sawyer Aubrey Bernie $265,109
Previous Owner Lipscomb Michael R $13,063
Previous Owner Lipscomb James Alan $135,780
Previous Owner Schmitt Keith $149,000
Previous Owner Flowers Kerry B $56,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/23/2021 04/23/21 Sold $238,000 0.0% $198 / Sq Ft
04/23/2021 04/23/21 Sold $238,000 -3.3% $198 / Sq Ft View Prior Sale
03/04/2021 03/04/21 Pending -- -- --
02/26/2021 02/26/21 Pending -- -- --
01/19/2021 01/19/21 Price Changed $246,000 -0.6% $205 / Sq Ft
01/09/2021 01/09/21 Price Changed $247,500 -1.0% $206 / Sq Ft
12/03/2020 12/03/20 Price Changed $250,000 -3.1% $208 / Sq Ft
11/09/2020 11/09/20 For Sale $258,000 -- $215 / 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 $2,742 $59,600 $45,140 $14,460
2023 $2,938 $63,880 $47,880 $16,000
2022 $2,542 $55,260 $0 $0
2021 $2,292 $50,140 $0 $0
2020 $2,111 $45,900 $0 $0
2019 $1,963 $45,640 $0 $0
2018 $830 $20,360 $0 $0
2017 $810 $19,880 $0 $0
2016 $542 $13,640 $0 $0
2015 -- $11,760 $0 $0
2014 -- $9,940 $0 $0
2013 -- $9,440 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Alison Ward

    Mobile Bay Realty

    1 in this area

    4 Total Sales

    Alison Ward
    Section Image

  • N

    Buyer's Agent in 2021

    NOT MULTIPLE LISTING

    NOT MULTILPLE LISTING

  • Angel Curtin

    Buyer's Agent in 2021

    Angel Curtin

    Baldwin County Properties, Inc

    (251) 423-7535

    57 in this area

    89 Total Sales

    Angel Curtin
    Section Image
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Map

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

MLS Number: 0646415

Gulf Coast MLS (Mobile Area Association of REALTORS®)

APN: 46-03-37-0-008-071.000

Alabama Baldwin County Fairhope 36532

507 Nichols Ave, Fairhope, AL

This home is located at 507 Nichols Ave, Fairhope, AL 36532 since 26 February 2021 and is currently estimated at $300,655, approximately $250 per square foot. This property was built in 1982. 507 Nichols Ave is a home located in Baldwin County with nearby schools including Fairhope West Elementary School, Fairhope Middle School, and Fairhope High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Gulf Coast MLS (Mobile Area Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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