NOT LISTED FOR SALE

515 Equality Ave Fairhope, AL 36532

Estimated Value: $395,000 - $514,000

2 Beds
1 Bath
842 Sq Ft
$536/Sq Ft Est. Value

Last Sold February 20, 2024

Last sale price $460,000 $546 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,588/month

14 Days on Market

Highlights

  • View of Trees or Woods
  • Heavily Wooded Lot
  • Great Room with Fireplace
  • Fairhope West Elementary School Rated A-
  • Vaulted Ceiling
  • Cottage

About This Home

As of February 2024

Updated historic cottage offers a walkable location adjacent to protected greenspace on a quiet cul-de-sac and yet steps from vibrant downtown Fairhope. This 2BD/1BA long-term rental property offers immediate income producing potential and/or a unique site for a future build. Step inside and discover the thoughtfully remodeled interior with vaulted ceilings and an open floorplan with a free-standing fireplace -- perfect for both daily living and entertaining. The bathroom plumbing, all flooring, countertops and appliances were replaced in 2020. New HVAC and grinder pump were installed in 2019. While the home is appealing, the outstanding feature of this offering is the property on which it sits. The generously sized lot borders the undeveloped city park land of historic Bayou Charbon (aka Big Mouth Gully) and provides an ideal spot for a custom residence tailored and built to any Buyer's individual preferences. If owner occupancy is of interest, there is an existing clause in the current lease allowing for Tenant's removal with due notice. However you choose to proceed, don't miss this rare opportunity to be a part of this award-winning community. Also available for purchase is the adjacent property, 517 Equality Ave. (MLS#356550). Make this charming property yours and the possibilities are unlimited.

Last Agent to Sell the Property

Gina Littlepage

Bellator Real Estate, LLC Fair Listed on: 01/19/2024

Last Buyer's Agent

J Andrew Carver

JPAR Gulf Coast - Spanish Fort

JPAR Gulf Coast - Spanish Fort

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,938

Year Built

  • Built in 1950

Lot Details

  • 0.51 Acre Lot
  • Cul-De-Sac
  • Heavily Wooded Lot

Home Design

  • Cottage
  • Slab Foundation
  • Metal Roof
  • Wood Siding
  • Stucco Exterior
  • Masonry

Interior Spaces

  • 842 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • ENERGY STAR Qualified Ceiling Fan
  • Ceiling Fan
  • Non-Functioning Fireplace
  • Window Treatments
  • Great Room with Fireplace
  • Combination Dining and Living Room
  • Utility Room
  • Vinyl Flooring
  • Views of Woods

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Home Security

  • Fire and Smoke Detector
  • Termite Clearance

Outdoor Features

  • Patio
  • Front Porch

Schools

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

Utilities

  • SEER Rated 14+ Air Conditioning Units
  • Heat Pump System
  • Grinder Pump

Community Details

  • Wesley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 46-03-37-0-007-076.513

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,938

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Solid Masonry, Slab & Piers
  • Construction Status: Resale
  • Flood Zone: X
  • Intersecting Street: N. School Street
  • Mineral Rights: Unknown
  • Property Amenities: Ceiling Fan(s), Patio, Termite Contract, Vaulted Ceiling, Window Treatments, Porch-Front
  • Property Type: Residential Detached
  • Style: Cottage
  • View: Wooded
  • Zoning Area: Single Family Residence
  • Parcel Id Tax Id: 46-03-37-0-007-076.513
  • Year Built: 1950
  • Geo Subdivision: AL
  • Governing Municipality: Fairhope
  • Living Room Group: Great Room
  • Property Legal Description: 75 X 255 (S) BEG 20 E OF SE COR BLK A TH E 75 TH N 255 (S ) TH NE LY 59 TH W 120 (S) TH N 40 (S) TH
  • Subdivsn Or Commnty: Wesley
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Microwave, Range-Electric, Refrigerator, Smoke Detector, Cooktop
  • Estimated Living Area: 842
  • Bathrooms: 1
  • Bedroom 2: Dimensions: 9x11, On Level: Main Level
  • Bedrooms: 2
  • Dining Area: Dimensions: 9x9, On Level: Main Level
  • Dining Area Type: Lvg/Dng/Ktchn Combo
  • Fireplace: Great Room, Inoperable
  • Floors: Vinyl
  • Great Room: Dimensions: 19x11, On Level: Main Level
  • Kitchen: Dimensions: 10x9, On Level: Main Level
  • Master Bed: Dimensions: 13x10, On Level: Main Level
  • Number Of Fireplaces: 1
  • Other Rooms: Utility Room-Inside
  • Price Per Sq Ft: 546.32
  • Property Interior Stories: 1
  • Primary Bedroom Bathrooms: 1st Floor Primary

Exterior Features

  • Exterior Finish: Stucco, Wood
  • Roof: Metal
  • Water Property Type: No Waterfront

Utilities

  • Heat Cooling: Heat Pump, Heat Pump (Cool)
  • Utilities: Grinder Pump, Sewage-City, Water-City, Fairhope Utilities

Fee Information

  • Transfer Fees: Yes

Lot Info

  • Estimated Lot Size: 0.505
  • Lot Description: Less Than 1 Acre, Cul-De-Sac, Heavily Wooded Lot
  • Lot Size: 75x309 irr

Green Features

  • Energy Saving Features: Ceiling Fan(s), Seer 14

Rental Info

  • More Than2 Pets Allowed: Yes

Tax Info

  • Fairhope Single Tax: Yes
  • Property Taxes: 1938.44
  • Assessor Parcel Number: 15310

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2024
Closed on
Feb 20, 2024
Sold by
Bryant John Claiborne and Bryant Rebecca Dunn
Bought by
Seidell Julie
Seller's Agent
Gina Littlepage
Bellator Real Estate, LLC Fair
Buyer's Agent
J Andrew Carver
JPAR Gulf Coast - Spanish Fort
List Price
$497,000
Sold Price
$460,000
Premium/Discount to List
-$37,000
-7.44%
Views
46
Current Estimated Value
$451,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,740
Avg. Annual Appreciation
-1.14%

Purchase Details

Closed on
Sep 11, 2020
Sold by
Kiser Catherine A and Kiser William K
Bought by
Bryant Rebecca Dunn and Bryant John Claiborne

Purchase Details

Listed on
May 18, 2015
Closed on
Jun 17, 2015
Sold by
Cook Norman L and Cook Ruth Ann
Bought by
Kiser Catherine A and Kiser William K
Seller's Agent
Lorena Gregorius
Roberts Brothers Eastern Shore
Buyer's Agent
Angela Montgomery
Baldwin County Properties, Inc
List Price
$139,800
Sold Price
$139,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.98%
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
Seidell Julie $460,000 None Listed On Document
Bryant Rebecca Dunn $255,000 None Available
Kiser Catherine A $140,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/20/2024 02/20/24 Sold $460,000 -7.4% $546 / Sq Ft
02/02/2024 02/02/24 For Sale $497,000 0.0% $590 / Sq Ft
02/02/2024 02/02/24 Pending -- -- --
01/19/2024 01/19/24 For Sale $497,000 +255.5% $590 / Sq Ft
06/18/2015 06/18/15 Sold $139,800 0.0% $169 / Sq Ft View Prior Sale
05/28/2015 05/28/15 Pending -- -- --
05/18/2015 05/18/15 For Sale $139,800 -- $169 / 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 $2,522 $54,820 $36,240 $18,580
2023 $2,485 $54,020 $38,440 $15,580
2022 $2,148 $46,700 $0 $0
2021 $1,938 $42,420 $0 $0
2020 $0 $36,480 $0 $0
2019 $0 $34,380 $0 $0
2018 $1,403 $32,620 $0 $0
2017 $1,367 $31,780 $0 $0
2016 $1,157 $26,900 $0 $0
2015 -- $12,540 $0 $0
2014 -- $10,660 $0 $0
2013 -- $10,160 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Baldwin REALTORS®

MLS Number: 356548

Baldwin REALTORS®

APN: 46-03-37-0-007-076.513