NOT LISTED FOR SALE

507 W Beach Blvd Unit 101 Gulf Shores, AL 36542

Estimated Value: $289,000 - $364,000

1 Bed
1 Bath
572 Sq Ft
$578/Sq Ft Est. Value

Last Sold February 06, 2024

Last sale price $338,000 $591 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,277/month

49 Days on Market

Highlights

  • Beachside
  • Property fronts gulf or ocean
  • End Unit
  • Gulf Shores Elementary School Rated A-
  • Main Floor Primary Bedroom
  • Furnished

About This Home

As of February 2024

Location, location, location......Fully updated BEACHSIDE unit with Gulf views from patio only half a mile from The Hangout! Close today and rent tomorrow, all upgrades have been done for you. This unit features ceramic tile throughout, granite counters, stainless steel appliances, and tasteful/neutral decor and furniture. Ocean Reef is a low-density building with 200 feet of private beach, a tropical landscaped pool area with bbq grill area. The complex has recently installed new decking on front and back decks. Each unit gets an assigned, covered parking space as well as additional guest spots. All assessments have been paid in full. Get all of this in the heart of Gulf Shores within walking distance to restaurants, shopping and festivals all at a great price.

Last Agent to Sell the Property

Kristine Bohn Mendyk

RE/MAX of Gulf Shores Listed on: 11/13/2023

RE/MAX of Gulf Shores

Last Buyer's Agent

Kristine Bohn Mendyk

RE/MAX of Gulf Shores Listed on: 11/13/2023

RE/MAX of Gulf Shores

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,359

Year Built

  • Built in 1982

Lot Details

  • Property fronts gulf or ocean
  • Beachside

HOA Fees

  • $364 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Wood Siding
  • Piling Construction

Interior Spaces

  • 572 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Combination Dining and Living Room
  • Tile Flooring
  • Gulf Views
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Parking

  • 1 Car Parking Space
  • Covered Parking

Outdoor Features

  • Front Porch

Schools

  • Gulf Shores Elementary School
  • Gulf Shores Middle School
  • Gulf Shores High School

Utilities

  • Central Air
  • Heat Pump System
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 66-04-20-3-000-003.000901

Community Details

Overview

  • Association fees include management, common area insurance, common area maintenance, pest control, reserve funds, taxes-common area, trash, water/sewer, internet, pool
  • Ocean Reef Community
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Community Barbecue Grill
  • Laundry Facilities

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,359

Year Built

Built in 1982

Lot Details

0

HOA Fees

$364 per month

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Pilings
  • Construction Status: Resale
  • Flood Zone: AE, VE
  • Property Amenities: Carbon Monoxide Detector, Ceiling Fan(s), Internet, Window Treatments, Porch-Back, Porch-Front
  • Property Type: Residential Attached
  • Restrictive Covenants: Yes
  • Style: Condo
  • Type of Unit: Corner Unit
  • View: Indirect Gulf Side
  • Owners Association: Yes
  • Parcel Id Tax Id: 66-04-20-3-000-003.000901
  • Year Built: 1982
  • Geo Subdivision: AL
  • Governing Municipality: Gulf Shores
  • Living Room Group: Living/Dining
  • Property Legal Description: Unit 101 Ocean Reef Condo Sec City Of Gulf Shores 20-T9s-R4e (Wd Survivorship)
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Microwave, Range-Electric, Refrigerator, Smoke Detector
  • Estimated Living Area: 572
  • Bathrooms: 1
  • Bedrooms: 1
  • Dining Area Type: Lvg/Dng Combo
  • Floors: Tile
  • Kitchen: Dimensions: 8 x 10, On Level: Main Level
  • Living Dining: Dimensions: 14 x 12, On Level: Main Level
  • Master Bed: Dimensions: 12 x 12, On Level: Main Level
  • Price Per Sq Ft: 590.91
  • Property Interior Stories: 1
  • Unit Floor: 1
  • Primary Bedroom Bathroom Combo: Yes
  • Primary Bedroom Bathrooms: 1st Floor Primary, Tub/Shower Combo

Exterior Features

  • Body Of Water: Gulf Of Mexico
  • Exterior Finish: Wood
  • Waterfront: Yes
  • Water Property Type: Beach Side - Building, Gulf Front - Building

Garage/Parking

  • Number Of Parking Spaces: 1
  • Garage Parking: Condo: Assigned Parking, Condo: Covered Parking

Utilities

  • Heat Cooling: Central Electric (Cool), Heat Pump
  • Utilities: Baldwin Emc

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association Fees: 364
  • Association Fees Include: Association Management, Common Area Insurance, Common Area Maintenance, Pest Control, Reserve Funds, Taxes-Common Area, Trash, Water/Sewer, Internet, Pool
  • Community Amenities: Bbq Area, Condo 1-Bdrms In Complex, Condo 2-Bdrms In Complex, Condo 3-Bdrms In Complex, Laundry Facilities, Pool - Outdoor, Pets - Owners Only
  • Condo Building Stories: 2
  • Condo Complex: Ocean Reef

Rental Info

  • Furnished: Yes

Tax Info

  • Property Taxes: 1,358.94
  • Assessor Parcel Number: 52106

MLS Schools

  • Elementary School: Gulf Shores Elementary
  • HighSchool: Gulf Shores High
  • Middle School: Gulf Shores Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2023
Closed on
Feb 5, 2024
Sold by
Davidson Brent and Davidson Ashley M
Bought by
Beach Hound Llc
Seller's Agent
Kristine Bohn Mendyk
RE/MAX of Gulf Shores
Buyer's Agent
Kristine Bohn Mendyk
RE/MAX of Gulf Shores
List Price
$349,000
Sold Price
$338,000
Premium/Discount to List
-$11,000
-3.15%
Views
62
Current Estimated Value
$330,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,326
Avg. Annual Appreciation
-1.27%

Purchase Details

Listed on
Jan 21, 2020
Closed on
Mar 4, 2020
Sold by
Brinkley William David and Brinkley Lucretia Jane
Bought by
Guthrie Clarence T and Guthrie Patsy A
Seller's Agent
Tracie Sweat
Bayside Real Estate Group
Buyer's Agent
Matthew Mogan
RE/MAX of Gulf Shores
List Price
$210,000
Sold Price
$210,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.91%
Original Mortgage
$130,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 1, 2018
Closed on
Oct 3, 2018
Sold by
Key Donna Martin
Bought by
Brinkley William David and Brinkley Lucretia Jane
Seller's Agent
Benjamin McNeal
Realty Executives Gulf Coast
Buyer's Agent
Tracie Sweat
Bayside Real Estate Group
List Price
$195,000
Sold Price
$189,000
Premium/Discount to List
-$6,000
-3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.70%
Original Mortgage
$141,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 2017
Sold by
Bartshe Robert and Johnson Bartshe Kathleen A
Bought by
Johnson Daniel and Johnson Cathy

Purchase Details

Closed on
Aug 8, 2014
Sold by
Martin William D
Bought by
Key Donna Martin
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
Beach Hound Llc $338,000 None Listed On Document
Guthrie Clarence T $210,000 None Available
Brinkley William David $189,000 None Available
Johnson Daniel $350,000 None Available
Key Donna Martin $91,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Guthrie Clarence T $130,000
Previous Owner Brinkley William David $141,750
Closed Johnson Daniel $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/06/2024 02/06/24 Sold $338,000 -3.2% $591 / Sq Ft
01/01/2024 01/01/24 Pending -- -- --
11/13/2023 11/13/23 For Sale $349,000 +7.4% $610 / Sq Ft
04/25/2022 04/25/22 Sold $325,000 -1.5% $568 / Sq Ft View Prior Sale
03/16/2022 03/16/22 Pending -- -- --
03/12/2022 03/12/22 For Sale $329,900 +57.1% $577 / Sq Ft
03/06/2020 03/06/20 Sold $210,000 0.0% $367 / Sq Ft View Prior Sale
01/28/2020 01/28/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $210,000 +11.1% $367 / Sq Ft
10/05/2018 10/05/18 Sold $189,000 -3.1% $330 / Sq Ft View Prior Sale
09/02/2018 09/02/18 Pending -- -- --
08/02/2018 08/02/18 For Sale $195,000 -- $341 / 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 $2,076 $62,920 $0 $62,920
2023 $2,002 $60,660 $0 $60,660
2022 $1,604 $48,620 $0 $0
2021 $1,385 $41,180 $0 $0
2020 $1,197 $35,460 $0 $0
2019 $538 $16,300 $0 $0
2018 $453 $13,740 $0 $0
2017 $406 $12,300 $0 $0
2016 $349 $10,580 $0 $0
2015 $667 $19,440 $0 $0
2014 $630 $18,300 $0 $0
2013 -- $16,580 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kristine Bohn Mendyk

    Seller's Agent in 2024

    Kristine Bohn Mendyk

    RE/MAX

    (201) 317-9594

    37 in this area

    47 Total Sales

    Kristine Bohn Mendyk
    Section Image
  • Matthew Mogan

    Seller's Agent in 2022

    Matthew Mogan

    RE/MAX

    (251) 942-6133

    42 in this area

    102 Total Sales

    Matthew Mogan
    Section Image
  • Lindsay Demers

    Buyer's Agent in 2022

    Lindsay Demers

    Dalton Wade, Inc

    (774) 823-0524

    17 in this area

    23 Total Sales

    Lindsay Demers
    Section Image
  • Tracie Sweat

    Seller's Agent in 2020

    Tracie Sweat

    Bayside Real Estate Group

    (251) 747-5932

    65 in this area

    284 Total Sales

    Tracie Sweat
    Section Image
  • Benjamin McNeal

    Seller's Agent in 2018

    Benjamin McNeal

    Realty Executives

    (205) 807-6004

    4 in this area

    35 Total Sales

    Benjamin McNeal
    Section Image
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Map

Source: Baldwin REALTORS®

MLS Number: 354326

Baldwin REALTORS®

APN: 66-04-20-3-000-003.000-901

Alabama Baldwin County Gulf Shores 36542

507 W Beach Blvd Unit 101, Gulf Shores, AL

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