NOT LISTED FOR SALE

507 W Beach Blvd Unit 602 Gulf Shores, AL 36542

Estimated Value: $347,000 - $450,000

2 Beds
1 Bath
720 Sq Ft
$561/Sq Ft Est. Value

Last Sold February 16, 2018

Last sale price $212,900 $296 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $2,597/month

6 Days on Market

Highlights

  • Beachside
  • Waterfront
  • Tile Flooring
  • Gulf Shores Elementary School Rated A-
  • Furnished
  • ENERGY STAR Qualified Ceiling Fan

About This Home

As of February 2018

GREAT GULFVIEW PRICE & EXCELLENT LOCATION! This condo provides a gulf view from both bedrooms and private balcony. This low density complex (45 units) sits on 200' of beach and only a half mile from downtown. The interior has all tile floors and great beach colors. Both bedrooms have balcony access and a gulf view. Assigned covered parking, easy access to a tropical pool area, and just steps from the beach are a few features. The complex is currently being upgraded with a new metal roof, new concrete board exterior siding, and fresh paint.

Last Agent to Sell the Property

Matthew Mogan

RE/MAX of Gulf Shores Listed on: 01/07/2018

RE/MAX of Gulf Shores

Last Buyer's Agent

Pete Perkins

Bellator Real Estate LLC Gulf

Bellator Real Estate LLC Gulf

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $855

Year Built

  • Built in 1982

Lot Details

  • Waterfront
  • Beachside
  • Property is zoned Pud

HOA Fees

  • $255 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Metal Roof
  • Concrete Fiber Board Siding
  • Piling Construction

Interior Spaces

  • 720 Sq Ft Home
  • 2-Story Property
  • Furnished
  • ENERGY STAR Qualified Ceiling Fan
  • Tile Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Car Parking Space
  • Covered Parking

Schools

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

Utilities

  • Heat Pump System

Community Details

  • Ocean Reef Community
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 053336
  • $1,900 special tax assessment

Home Details

Home Type

Single Family

Est. Annual Taxes

$855

Year Built

Built in 1982

Lot Details

0

HOA Fees

$255 per month

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Pilings
  • Construction Status: Resale
  • Property Type: Residential Attached
  • Recurring Spec Asmt Amt: 1900
  • Recurring Special Assmt: Yes
  • Restrictive Covenants: Yes
  • Style: Condo
  • Zoning Area: Pud
  • Parcel Id Tax Id: 053336
  • Year Built: 1982
  • Geo Subdivision: AL
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Living Area: 720
  • Bathrooms: 1
  • Bedroom 2: Dimensions: 11x10, On Level: Main Level
  • Bedrooms: 2
  • Floors: Tile
  • Kitchen: Dimensions: 8x7, On Level: Main Level
  • Living Room: Dimensions: 15x11, On Level: Main Level
  • Master Bed: Dimensions: 11x10, On Level: Main Level
  • Price Per Sq Ft: 295.69
  • Property Interior Stories: 1
  • Unit Floor: 1

Exterior Features

  • Body Of Water: Gulf Of Mexico
  • Exterior Finish: Concrete Board
  • Roof: Metal
  • Waterfront: Yes
  • Water Property Type: Beach Side - Building

Garage/Parking

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

Utilities

  • Heat Cooling: Heat Pump (Cool)
  • Utilities: Baldwin Emc

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association Fees: 255
  • Condo Building Stories: 2
  • Condo Complex: Ocean Reef

Green Features

  • Energy Saving Features: Ceiling Fan(s)

Rental Info

  • Furnished: Yes

Tax Info

  • Property Taxes: 855.36
  • Assessor Parcel Number: 053336

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
Jan 7, 2018
Closed on
Feb 15, 2018
Sold by
Cook Michael Andrew and Cook Cheri Suzette
Bought by
Williams Lyle D and Williams Anita K
Seller's Agent
Matthew Mogan
RE/MAX of Gulf Shores
Buyer's Agent
Pete Perkins
Bellator Real Estate LLC Gulf
List Price
$212,900
Sold Price
$212,900
Current Estimated Value
$403,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,963
Avg. Annual Appreciation
8.62%
Original Mortgage
$112,900
Outstanding Balance
$95,616
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$308,247

Purchase Details

Closed on
Oct 5, 2011
Sold by
Williams Suzie and Cook Cheri Suzette
Bought by
Cook Michael Andrew and Cook Cheri Suzette

Purchase Details

Closed on
Feb 29, 2008
Sold by
Fore Dale L
Bought by
Williams Suzie
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
Williams Lyle D -- None Available
Cook Michael Andrew -- None Available
Williams Suzie -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Lyle D $112,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2018 02/16/18 Sold $212,900 0.0% $296 / Sq Ft
01/13/2018 01/13/18 Pending -- -- --
01/07/2018 01/07/18 For Sale $212,900 -- $296 / 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 $2,614 $79,200 $0 $79,200
2023 $2,208 $66,900 $0 $66,900
2022 $1,711 $51,840 $0 $0
2021 $1,625 $48,240 $0 $0
2020 $1,521 $45,080 $0 $0
2019 $1,411 $41,760 $0 $0
2018 $1,221 $36,000 $0 $0
2017 $1,055 $30,960 $0 $0
2016 $888 $25,920 $0 $0
2015 $888 $25,920 $0 $0
2014 $793 $23,040 $0 $0
2013 -- $20,880 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matthew Mogan

    Seller's Agent in 2018

    Matthew Mogan

    RE/MAX

    (251) 942-6133

    42 in this area

    102 Total Sales

    Matthew Mogan
    Section Image
  • Pete Perkins

    Buyer's Agent in 2018

    Pete Perkins

    Bellator Real Estate LLC Gulf

    (251) 978-7543

    9 in this area

    19 Total Sales

    Pete Perkins
    Section Image
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Map

Source: Baldwin REALTORS®

MLS Number: 263989

Baldwin REALTORS®

APN: 66-04-20-3-000-003.000-934

Alabama Baldwin County Gulf Shores 36542

507 W Beach Blvd Unit 602, Gulf Shores, AL

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