NOT LISTED FOR SALE

522 Falling Water Blvd Fairhope, AL 36532

Fairhope Area

Estimated Value: $804,000 - $1,215,000

0.51 Acre
$2,101,831 Price per Acre
22,216 Sq Ft Lot

Sale Details

Date Sold: October 21, 2022

Last sale price $158,000 $42 Per Sq Ft

Est. 578% increase in value since last sale

Current estimated payment $6,286 / mo

229 Days on Market

Highlights

  • Lake Front
  • Fairhope East Elementary Rated 10
  • City View

About This Lot

As of October 2022

North Hills at Fairhope is a beautiful rolling 97 acre tract of land overlooking two central lakes with stone faced bridge and offers estate size lots along with cottage size lots. Heavily landscaped in a park like setting and will offer a common open air gathering pavilion overlooking lakes. A true custom home development with an approved Builder’s Guild offering stunning architecture. Owners are licensed Real Estate Brokers in Alabama. All information provided is deemed reliable but not guaranteed. Buyer or buyer’s agent to verify all information.

Last Agent to Sell the Property

Rance Reehl

Coldwell Banker Reehl Prop Fairhope License #8524 Listed on: 02/08/2022

Coldwell Banker Reehl Prop Fairhope

Last Buyer's Agent

Rance Reehl

Coldwell Banker Reehl Prop Fairhope License #8524 Listed on: 02/08/2022

Coldwell Banker Reehl Prop Fairhope

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,000

Lot Details

  • 22,216 Sq Ft Lot
  • Lot Dimensions are 107x193x131x184
  • Lake Front
  • Property is zoned R1

Property Views

  • City Views

Schools

  • Fairhope East Elementary School
  • Fairhope Middle School
  • Fairhope High School

Community Details

  • Waters At Fairhope Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4602030000004042

Property Details

Property Type

Land

Est. Annual Taxes

$1,000

Lot Details

0.51 Acres

Listing Details

  • Standard Status: Closed
  • Legal Description: Lot 42, North Hills at Fairhope
  • Property Type: Land
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Min House S Q F T: 3000.00
  • Special Features: None

Property Details

  • Property: Res Developed Lots

Exterior Features

  • View: City
  • Pool Private: No

Utilities

  • Sewer: Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: WATERS AT FAIRHOPE

Lot Info

  • Acres: 0.5100
  • Possible Use: Residential
  • Current Zoning: R1
  • Current Use: Residential
  • Lot Features: CURBS, STLGT
  • Lot Dimensions: 107x193x131x184
  • Parcel Number: 4602030000004042
  • Price Acre Dollar: 309803.92
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Tax Info

  • Taxes: 1000.00
  • Tax Year: 2020

Multi Family

  • Waterfront Features: Lake Front

MLS Schools

  • Elementary School: Fairhope East
  • High School: Fairhope
  • Middle School: Fairhope

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2021
Closed on
Jul 26, 2021
Sold by
Bought by
Seller's Agent
Jaime Cooper Team
Exit Realty Lyon & Associates, Inc., Fairhope
Buyer's Agent
Jaime Cooper Team
Exit Realty Lyon & Associates, Inc., Fairhope
List Price
$899,000
Sold Price
$850,000
Premium/Discount to List
-$49,000
-5.45%
Current Estimated Value
$1,071,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,934
Avg. Annual Appreciation
4.73%
Original Mortgage
$850,000
Outstanding Balance
$756,440
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$315,494

Purchase Details

Closed on
Nov 21, 2016
Sold by
Bought by

Purchase Details

Closed on
May 30, 2008
Sold by
Bought by

Purchase Details

Closed on
May 18, 2007
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Fairhope, AL

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$850,000 Atc
-- None Available
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $850,000
Previous Owner $430,000
Previous Owner $95,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/21/2022 10/21/22 Sold $158,000 0.0% $42 / Sq Ft
09/26/2022 09/26/22 Pending -- -- --
08/17/2022 08/17/22 Price Changed $158,000 +1.9% $42 / Sq Ft
02/08/2022 02/08/22 For Sale $155,000 -81.8% $42 / Sq Ft
07/26/2021 07/26/21 Sold $850,000 -2.9% $228 / Sq Ft View Prior Sale
06/14/2021 06/14/21 Pending -- -- --
06/10/2021 06/10/21 Price Changed $875,000 -2.7% $235 / Sq Ft
05/26/2021 05/26/21 For Sale $899,000 -- $241 / Sq Ft
Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $4,729 $103,780 $15,760 $88,020
2024 $4,504 $98,900 $14,140 $84,760
2023 $4,404 $96,720 $15,380 $81,340
2022 $3,793 $83,440 $0 $0
2021 $3,640 $75,480 $0 $0
2020 $3,466 $76,320 $0 $0
2019 $2,978 $70,300 $0 $0
2018 $2,301 $53,500 $0 $0
2017 $1,075 $25,000 $0 $0
2016 $1,075 $25,000 $0 $0
2015 $1,075 $25,000 $0 $0
2014 $946 $22,000 $0 $0
2013 -- $20,000 $0 $0
Source: Public Records

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Map

Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)

MLS Number: 0641227

Gulf Coast MLS (Mobile Area Association of REALTORS®)

APN: 46-02-03-0-000-004.042

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