NOT LISTED FOR SALE

Island Towers 521 W Beach Blvd Unit 2002 Gulf Shores, AL 36542

Estimated Value: $895,000 - $962,000

3 Beds
3 Baths
1,597 Sq Ft
$581/Sq Ft Est. Value

Last Sold July 09, 2021

Last sale price $705,000 $441 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $6,069/month

4 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Property fronts gulf or ocean
  • Lagoon View
  • Gulf Shores Elementary School Rated A-
  • Fitness Center
  • Community Indoor Pool

About This Home

As of July 2021

Be wowed by the walls of windows in this direct Gulf front 3br/3ba condo directly on the Gulf of Mexico with views from every angle. 2 Gulf Front bedrooms open to the humongous private balcony (which extends the length of the condo) and magnificent views and have their own bathrooms. Back bedroom has twin beds. So far this condo has 52k on the books in terms of rentals (net) in 2021 and that's with many weeks open in the fall! Repeat Renters. 2020 rentals: 56k (net) and 2019 rentals: 52k (net). This building is built to a higher Miami Dade standard. Hurricane Sally assessment has been paid by the seller and work is being completed on this building.

Last Agent to Sell the Property

Dana Hammele

RE/MAX By The Bay Listed on: 05/25/2021

RE/MAX By The Bay

Last Buyer's Agent

Ben Emerson

eXp Realty Southern Branch License #128236

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,425

Year Built

  • Built in 2005

Lot Details

  • Landscaped
  • Sprinkler System
  • Property is zoned Within Corp Limits

HOA Fees

  • $750 Monthly HOA Fees

Parking

  • Covered Parking

Home Design

  • Entry on the 20th floor
  • Masonry

Interior Spaces

  • 1,597 Sq Ft Home
  • Furnished
  • High Ceiling
  • ENERGY STAR Qualified Ceiling Fan
  • Window Treatments
  • Insulated Doors
  • Dining Room
  • Utility Room
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deeded Waterfront Access Rights

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 66-04-20-3-000-004.001947

Community Details

Overview

  • Association fees include management, cable, common area insurance, common area maintenance, custodial services, pest control, reserve funds, security, trash, water/sewer, internet, pool
  • 2 Elevators
  • Island Tower Community
  • The community has rules related to covenants, conditions, and restrictions
  • 26-Story Property

Amenities

  • Community Barbecue Grill
  • Lobby
  • Community Wi-Fi

Recreation

Security

  • Fenced around community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,425

Year Built

Built in 2005

Lot Details

0

HOA Fees

$750 per month

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Solid Masonry
  • Construction Status: Resale
  • Flood Zone: AE,VE
  • Mineral Rights: Unknown
  • Property Amenities: Cable, High Ceilings, Internet, Window Treatments
  • Property Type: Residential Attached
  • Restrictive Covenants: Yes
  • Style: Condo
  • View: Direct Gulf Front, Northern View, Southern View, Indirect Lagoon-Across Rd
  • Zoning Area: Within Corp Limits
  • Owners Association: Yes
  • Parcel Id Tax Id: 66-04-20-3-000-004.001947
  • Year Built: 2005
  • Geo Subdivision: AL
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range-Electric, Refrigerator W/Ice Maker, Smoke Detector, Washer, Cooktop
  • Estimated Living Area: 1597
  • Bathrooms: 3
  • Bedroom 2: Dimensions: 15x11, On Level: Main Level
  • Bedroom 3: Dimensions: 12x11, On Level: Main Level
  • Bedrooms: 3
  • Dining Area: Dimensions: 12x8, On Level: Main Level
  • Dining Area Type: Breakfast Bar, Separate Dining Room
  • Elevators: 2
  • Fireplace: No Fireplace
  • Floors: Carpet, Tile
  • Kitchen: Dimensions: 12x10, On Level: Main Level
  • Living Room: Dimensions: 14x12, On Level: Main Level
  • Master Bed: Dimensions: 14x12, On Level: Main Level
  • Primary Bedroom Bathroom: Double Vanity, Garden Tub, Jetted Tub, Separate Shower, Walk In Closet, Balcony/Patio, Private Water Closet, Direct Gulf View - Master
  • Other Rooms: Utility Room-Inside
  • Price Per Sq Ft: 441.45
  • Property Interior Stories: 1
  • Unit Floor: 20
  • Primary Bedroom Bathroom Combo: Yes

Exterior Features

  • Body Of Water: Gulf Of Mexico
  • Waterfront: Yes
  • Water Property Type: Gulf Front - Building

Garage/Parking

  • Garage Parking: Condo: Covered Parking

Utilities

  • Heat Cooling: Central Electric (Cool), Central Heat, Heat Pump (Cool)
  • Utilities: Sewage-City, Water-City, Baldwin Emc

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association Fees: 750
  • Association Fees Include: Association Management, Cable, Common Area Insurance, Common Area Maintenance, Custodial Services, Pest Control, Reserve Funds, Security, Trash, Water/Sewer, Internet, Pool
  • Community Amenities: Bbq Area, Common Lobby, Condo 3-Bdrms In Complex, Covered Entry, Exercise Room, Fencing, Fire Sprinkler System, Internet, Pool - Indoor, Landscaping, Pool - Outdoor, Pets - Owners Only, Steam/Sauna, Water Access-Deeded
  • Condo Building Stories: 26
  • Condo Complex: Island Tower

Green Features

  • Energy Saving Features: Ceiling Fan(s), Thermal Doors

Lot Info

  • Lot Block Unit: 2002
  • Lot Description: Water View

Rental Info

  • Furnished: Yes
  • Incm Producing Potential: Yes
  • Rental Program: Yes

Tax Info

  • Property Taxes: 3425
  • Assessor Parcel Number: 271177

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2021
Closed on
Jul 8, 2021
Sold by
Finley Richard M and Mckenna Daniel J
Bought by
Bieker Laura and Bieker Mark A
Seller's Agent
Dana Hammele
RE/MAX By The Bay
Buyer's Agent
Ben Emerson
eXp Realty Southern Branch
List Price
$699,000
Sold Price
$705,000
Premium/Discount to List
$6,000
0.86%
Current Estimated Value
$927,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,715
Avg. Annual Appreciation
6.59%
Original Mortgage
$630,975
Outstanding Balance
$572,512
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$355,203
Source: Public Records

Range of Values:

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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
Bieker Laura $705,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bieker Laura $630,975
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2021 07/09/21 Sold $705,000 +0.9% $441 / Sq Ft
05/29/2021 05/29/21 Pending -- -- --
05/25/2021 05/25/21 For Sale $699,000 -- $438 / 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 $5,270 $159,700 $0 $159,700
2023 $5,066 $153,320 $0 $153,320
2022 $4,110 $124,560 $0 $0
2021 $3,763 $111,800 $0 $0
2020 $3,499 $103,800 $0 $0
2019 $3,394 $100,620 $0 $0
2018 $3,289 $97,420 $0 $0
2017 $3,183 $94,220 $0 $0
2016 $3,109 $91,980 $0 $0
2015 $2,973 $87,840 $0 $0
2014 $2,899 $85,600 $0 $0
2013 -- $79,860 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dana Hammele

    Seller's Agent in 2021

    Dana Hammele

    RE/MAX

    (251) 928-7474

    23 in this area

    59 Total Sales

    Dana Hammele
    Section Image

  • B

    Buyer's Agent in 2021

    Ben Emerson

    eXp Realty Southern Branch

    Section Image
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About Island Towers

Map

Source: Baldwin REALTORS®

MLS Number: 314576

Baldwin REALTORS®

APN: 66-04-20-3-000-004.001-947

Alabama Baldwin County Gulf Shores 36542

521 W Beach Blvd Unit 2002, Gulf Shores, AL

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