NOT LISTED FOR SALE

Island Towers 521 W Beach Blvd Unit 2202 Gulf Shores, AL 36542

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

3 Beds
3 Baths
1,597 Sq Ft
$580/Sq Ft Est. Value

Last Sold April 12, 2021

Last sale price $644,000 $403 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $6,063/month

24 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Fitness Center
  • Sauna
  • Gulf Shores Elementary School Rated A-
  • Community Indoor Pool
  • High Ceiling

About This Home

As of April 2021

Beautiful unit with views for miles. Large 3 bed./3 bath condo with almost 1,600 sq. ft. 2 gulf front master suites with access the the gulf front balcony. This condo is exceptional well maintained with all hard surface flooring throughout. All current storm assessments have been paid & the building is currently accepting rentals. Current owners occupy the condo some, this property could produce $60k in gross annual income. All amenities are up & ready for vacationers use other than exercise room which will be completed soon. Occupied until mid March.

Last Agent to Sell the Property

The Chuck Norwood Team

RE/MAX of Gulf Shores Listed on: 01/29/2021

RE/MAX of Gulf Shores

Last Buyer's Agent

Josh Adams

LPT Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,320

Year Built

  • Built in 2005

Lot Details

  • Landscaped
  • Sprinkler System

HOA Fees

  • $750 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Entry on the 22nd floor
  • Steel Frame
  • Masonry

Interior Spaces

  • 1,597 Sq Ft Home
  • Furnished
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Fire and Smoke Detector

Kitchen

  • Convection Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 66-04-20-3-000-004.001953

Community Details

Overview

  • Association fees include management, cable, common area insurance, common area maintenance, pest control, reserve funds, security, taxes-common area, 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

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,320

Year Built

Built in 2005

Lot Details

0

HOA Fees

$750 per month

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Solid Masonry, Steel Frame
  • Construction Status: Resale
  • Property Amenities: Ceiling Fan(s), Covered Patio, High Ceilings, Internet, Patio, Split Bedroom Plan, Window Treatments
  • Property Type: Residential Attached
  • Restrictive Covenants: Yes
  • Style: Condo
  • View: Direct Gulf Front
  • Parcel Id Tax Id: 66-04-20-3-000-004.001953
  • Year Built: 2005
  • Geo Subdivision: AL
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Convection Oven, Dryer, Microwave, Range-Electric, Refrigerator, Smoke Detector, Washer
  • 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: 10x10, On Level: Main Level
  • Elevators: 2
  • Floors: Tile, Laminate
  • Kitchen: Dimensions: 11x11, On Level: Main Level
  • Living Dining: Dimensions: 22x22, On Level: Main Level
  • Master Bed: Dimensions: 15x11, On Level: Main Level
  • Primary Bedroom Bathroom: Double Vanity, Garden Tub, Separate Shower, Walk In Closet, Balcony/Patio, Direct Gulf View - Master
  • Price Per Sq Ft: 403.26
  • Property Interior Stories: 1
  • Unit Floor: 22
  • 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: Attached, Condo: Covered Parking

Utilities

  • Heat Cooling: Central Electric
  • Utilities: 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, Pest Control, Reserve Funds, Security, Taxes-Common Area, Trash, Water/Sewer, Internet, Pool
  • Community Amenities: Bbq Area, Common Lobby, Condo 3-Bdrms In Complex, Covered Entry, Exercise Room, Fire Sprinkler System, Internet, Pool - Indoor, Landscaping, Pool - Outdoor, Pets - Owners Only, Steam/Sauna
  • Condo Building Stories: 26
  • Condo Complex: Island Tower

Lot Info

  • Lot Block Unit: 2202

Rental Info

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

Tax Info

  • Property Taxes: 3320.46
  • Assessor Parcel Number: 271183

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2021
Closed on
Apr 12, 2021
Sold by
Irwin George A and Irwin Judy R
Bought by
Hickman Christopher Lee
Seller's Agent
The Chuck Norwood Team
RE/MAX of Gulf Shores
Buyer's Agent
Josh Adams
LPT Realty LLC
List Price
$675,000
Sold Price
$644,000
Premium/Discount to List
-$31,000
-4.59%
Current Estimated Value
$926,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$282,738
Avg. Annual Appreciation
8.25%
Original Mortgage
$515,280
Outstanding Balance
$465,235
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$461,503

Purchase Details

Closed on
Dec 21, 2006
Sold by
Boles Bobby F and Boles Susan G
Bought by
Irwin George A and Irwin Judy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,800
Interest Rate
6.62%
Mortgage Type
Unknown

Purchase Details

Closed on
May 4, 2005
Sold by
Wall Charles R
Bought by
Boles Bobby F and Boles Susan G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.87%
Mortgage Type
Unknown
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
Hickman Christopher Lee -- Professional Land Title Inc
Irwin George A -- Btg
Boles Bobby F $840,000 Reli Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hickman Christopher Lee $515,280
Previous Owner Irwin George A $435,800
Previous Owner Boles Bobby F $650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2021 04/12/21 Sold $644,000 -4.6% $403 / Sq Ft
02/22/2021 02/22/21 Pending -- -- --
01/29/2021 01/29/21 For Sale $675,000 -- $423 / 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 $5,060 $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

  • The Chuck Norwood Team

    Seller's Agent in 2021

    The Chuck Norwood Team

    RE/MAX

    (251) 752-1212

    88 in this area

    194 Total Sales

    The Chuck Norwood Team
    Section Image
  • Josh Adams

    Buyer's Agent in 2021

    Josh Adams

    LPT Realty LLC

    (251) 229-7944

    2 in this area

    17 Total Sales

    Josh Adams
    Section Image
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About Island Towers

Map

Source: Baldwin REALTORS®

MLS Number: 308871

Baldwin REALTORS®

APN: 66-04-20-3-000-004.001-953

Alabama Baldwin County Gulf Shores 36542

521 W Beach Blvd Unit 2202, Gulf Shores, AL

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