NOT LISTED FOR SALE

Island Towers 521 W Beach Blvd Unit 2601 Gulf Shores, AL 36542

Estimated Value: $1,040,000 - $1,241,000

4 Beds
4 Baths
2,400 Sq Ft
$470/Sq Ft Est. Value

Last Sold September 13, 2019

Last sale price $850,000 $354 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $7,597/month

36 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Property fronts gulf or ocean
  • Jetted Tub in Primary Bathroom
  • Gulf Shores Elementary School Rated A-
  • Fitness Center
  • Community Indoor Pool

About This Home

As of September 2019

Amazing East Penthouse on the 26th floor in Island Tower. Over $80k in gross rentals already on record for 2019. Four large bedrooms and 3 total balconies with views as far as the eye can see. This is a MUST SEE property and one you certainly will not soon forget.

Last Agent to Sell the Property

Jason Wayne Sanspree

Poole & Assoc. Investments, Inc. Listed on: 07/01/2019

Last Buyer's Agent

Robin Roberts

EXP REALTY,LLC

EXP REALTY,LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,485

Year Built

  • Built in 2002

Lot Details

  • 1.52

HOA Fees

  • $1,125 Monthly HOA Fees

Parking

  • Covered Parking

Home Design

  • 2,400 Sq Ft Home
  • Entry on the 26th floor
  • Stucco Exterior
  • Piling Construction

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 4 Full Bathrooms
  • Jetted Tub in Primary Bathroom
  • Separate Shower

Laundry

  • Dryer
  • Washer

Schools

  • Gulf Shores Elementary School
  • Gulf Shores High School

Utilities

  • Central Heating and Cooling System
  • Internet Available

Additional Features

  • Deeded Waterfront Access Rights
  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 66-04-20-3-000-004.001-964

Community Details

Overview

  • Association fees include management, cable, common area insurance, common area maintenance, pest control, security, taxes-common area, telephone, trash, water/sewer, internet, pool
  • 2 Elevators
  • Island Tower Community
  • 26-Story Property

Amenities

  • Community Wi-Fi

Recreation

  • Community Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,485

Year Built

Built in 2002

Lot Details

0

HOA Fees

$1,125 per month

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Pilings
  • Construction Status: Resale
  • Property Amenities: Internet
  • Property Type: Residential Attached
  • Style: Condo
  • View: Direct Gulf Front, Southern View, Eastern View
  • Owners Association: Yes
  • Parcel Id Tax Id: 66-04-20-3-000-004.001-964
  • Year Built: 2002
  • Geo Subdivision: AL
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range-Electric, Refrigerator, Washer
  • Estimated Living Area: 2400
  • Bathrooms: 4
  • Bedroom 2: Dimensions: 16x16, On Level: 2
  • Bedroom 3: Dimensions: 14x14, On Level: Main Level
  • Bedroom 4: Dimensions: 14x14, On Level: Main Level
  • Bedrooms: 4
  • Elevators: 2
  • Floors: Carpet, Tile
  • Kitchen: Dimensions: 14x16, On Level: Main Level
  • Living Room: Dimensions: 24x24, On Level: Main Level
  • Master Bed: Dimensions: 20x20, On Level: Main Level
  • Price Per Sq Ft: 354.17
  • Property Interior Stories: 1
  • Unit Floor: 26
  • Primary Bedroom Bathroom Combo: Yes
  • Primary Bedroom Bathrooms: Jetted Tub, Separate Shower, Walk In Closet

Exterior Features

  • Body Of Water: Gulf Of Mexico
  • Exterior Finish: Stucco
  • Waterfront: Yes
  • Water Property Type: Deeded Access, Gulf Front - Building

Garage/Parking

  • Garage Parking: Condo: Covered Parking

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association Fees: 1125
  • Association Fees Include: Association Management, Cable, Common Area Insurance, Common Area Maintenance, Pest Control, Security, Taxes-Common Area, Telephone, Trash, Water/Sewer, Internet, Pool
  • Community Amenities: Covered Entry, Exercise Room, Internet, Pool - Indoor, Pool - Outdoor, Pets - Owners Only, Pets - Renters Allowed, Spa/Hot Tub, Steam/Sauna, Pets - Limited # Pets, Water Access-Deeded
  • Condo Building Stories: 26
  • Condo Complex: Island Tower

Tax Info

  • Property Taxes: 2484.90
  • Assessor Parcel Number: 271194

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2019
Closed on
Sep 12, 2019
Sold by
Dean Robert E
Bought by
Renewing Properties Llc
Seller's Agent
Jason Wayne Sanspree
Poole & Assoc. Investments, Inc.
Buyer's Agent
Robin Roberts
EXP REALTY,LLC
List Price
$895,000
Sold Price
$850,000
Premium/Discount to List
-$45,000
-5.03%
Current Estimated Value
$1,128,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$278,853
Avg. Annual Appreciation
4.71%
Original Mortgage
$616,669
Outstanding Balance
$90,803
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$1,038,050

Purchase Details

Closed on
Feb 4, 2011
Sold by
Wilson Gregory
Bought by
Dean Robert E

Purchase Details

Closed on
Oct 22, 2009
Sold by
Venture Pass Llc
Bought by
Wilson Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.03%
Mortgage Type
Seller Take Back
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
Renewing Properties Llc $850,000 None Available
Dean Robert E -- None Available
Wilson Gregory $500,000 Slt
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Renewing Properties Llc $616,669
Previous Owner Wilson Gregory $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2019 09/13/19 Sold $850,000 -5.0% $354 / Sq Ft
08/06/2019 08/06/19 Pending -- -- --
07/01/2019 07/01/19 For Sale $895,000 -- $373 / 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 $6,413 $194,320 $0 $194,320
2023 $6,514 $194,320 $0 $194,320
2022 $5,210 $157,880 $0 $0
2021 $5,210 $157,880 $0 $0
2020 $5,322 $157,880 $0 $0
2019 $2,605 $78,940 $0 $0
2018 $2,485 $75,300 $0 $0
2017 $2,445 $74,080 $0 $0
2016 $5,001 $148,160 $0 $0
2015 $4,922 $145,740 $0 $0
2014 $4,922 $145,740 $0 $0
2013 -- $133,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jason Wayne Sanspree

    Seller's Agent in 2019

    Jason Wayne Sanspree

    Poole & Assoc. Investments, Inc.

    (251) 609-3825

    15 in this area

    30 Total Sales

    Jason Wayne Sanspree
    Section Image
  • Robin Roberts

    Buyer's Agent in 2019

    Robin Roberts

    EXP REALTY,LLC

    (251) 442-4404

    23 in this area

    65 Total Sales

    Robin Roberts
    Section Image
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About Island Towers

Map

Source: Baldwin REALTORS®

MLS Number: 285868

Baldwin REALTORS®

APN: 66-04-20-3-000-004.001-964

Alabama Baldwin County Gulf Shores 36542

521 W Beach Blvd Unit 2601, Gulf Shores, AL

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