NOT LISTED FOR SALE

525 Grand Ave Fairhope, AL 36532

Estimated Value: $323,000 - $374,018

2 Beds
1 Bath
978 Sq Ft
$359/Sq Ft Est. Value

Last Sold February 01, 2022

Last sale price $313,000 $320 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,930/month

101 Days on Market

Highlights

  • 0.78 Acre Lot
  • High Ceiling
  • Wrap Around Balcony
  • Fairhope West Elementary School Rated A-
  • Cottage
  • Wrap Around Porch

About This Home

As of February 2022

PRIVATE LOT IN PRIME FAIRHOPE LOCATION | Large, beautiful, secluded lot at the end of a cul-de-sac – just a five minute drive to downtown Fairhope or the Municipal Pier on Mobile Bay. Tucked away at the end of Grand Avenue, this wooded, landscaped lot includes many upgrades that set the stage for your future homesite. Upgrades include concrete edging along entrance driveway, multiple parking points, a potting/storage shed, fencing -- and a “fixer-upper” storybook cottage. The charming, light filled 2-bedroom, 1-bath cottage features wood floors in living and dining rooms, newer windows that tilt-out for easy cleaning, and a newer two-level deck. The cottage could be renovated and turned into an updated home, a studio, or remodeled and expanded to become your dream home – or you can choose to build a new home on the property. Property is being sold in its current condition (as is where is), with no warranties or repairs provided by seller.

Last Agent to Sell the Property

Shelley Springer

Gumbo Realty LLC Listed on: 08/10/2021

Last Buyer's Agent

Michael Dorsett

Coldwell Banker Reehl Prop Fairhope

Coldwell Banker Reehl Prop Fairhope

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $749

Year Built

  • Built in 1978

Lot Details

  • 0.78 Acre Lot
  • Partially Fenced Property

Home Design

  • Cottage
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 978 Sq Ft Home
  • 1.5-Story Property
  • High Ceiling
  • Family Room with Fireplace
  • Electric Range

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Wrap Around Balcony
  • Outdoor Storage
  • Wrap Around Porch

Schools

  • Fairhope Intermediate

Utilities

  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 46-03-37-0-003-054.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$749

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Slab
  • Construction Status: Resale
  • Flood Zone: X
  • Intersecting Street: Section Street
  • Property Amenities: Fenced, Partially Fenced, High Ceilings, Storage Building, Wrap Around Balcony, Porch-Back, Porch-Wrap
  • Property Type: Residential Detached
  • Style: Cottage
  • Zoning Area: Single Family Residence
  • Parcel Id Tax Id: 46-03-37-0-003-054.000
  • Year Built: 1978
  • Geo Subdivision: AL
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Range-Electric
  • Estimated Living Area: 978
  • Bathrooms: 1
  • Bedroom 2: Dimensions: 10X12, On Level: 2
  • Bedrooms: 2
  • Breakfast Room: Dimensions: 14X10, On Level: Main Level
  • Den: Dimensions: 14X16, On Level: Main Level
  • Fireplace: Family Room
  • Floors: Tile, Vinyl, Laminate
  • Kitchen: Dimensions: 10X10, On Level: Main Level
  • Master Bed: Dimensions: 15X10, On Level: Main Level
  • Number Of Fireplaces: 1
  • Price Per Sq Ft: 320.04
  • Property Interior Stories: 1.5

Exterior Features

  • Exterior Finish: Wood
  • Roof: Composition Shingle

Garage/Parking

  • Garage Parking: No Garage/Carport/Parking

Utilities

  • Heat Cooling: Heat Pump
  • Utilities: Fairhope Utilities

Schools

  • Intermediate School: Fairhope Intermediate

Lot Info

  • Estimated Lot Size: 0.78
  • Lot Description: Less Than 1 Acre
  • Lot Size: 70X320IRR
  • Number Lots: 1

Rental Info

  • Incm Producing Potential: Yes

Tax Info

  • Property Taxes: 748.96
  • Assessor Parcel Number: 116266

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2020
Sold by
Elizabeth Catherine
Bought by
Dooley Mary and Kelley Olivia
Current Estimated Value
$350,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,840
Interest Rate
3.22%
Mortgage Type
New Conventional
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
Dooley Mary $313,000 None Listed On Document
Dooley Mary $313,000 W Kenneth Heard Irby & Heard P
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dooley Mary $212,840
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2022 02/01/22 Sold $313,000 -10.6% $320 / Sq Ft
11/19/2021 11/19/21 Pending -- -- --
10/29/2021 10/29/21 Price Changed $349,999 -12.5% $358 / Sq Ft
10/07/2021 10/07/21 Price Changed $399,999 -7.0% $409 / Sq Ft
09/04/2021 09/04/21 For Sale $429,999 +37.4% $440 / Sq Ft
08/27/2021 08/27/21 Off Market $313,000 -- --
08/10/2021 08/10/21 For Sale $429,999 -- $440 / 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 $1,022 $26,360 $18,480 $7,880
2023 $1,022 $26,360 $18,480 $7,880
2022 $1,005 $21,840 $0 $0
2021 $912 $19,820 $0 $0
2020 $749 $17,260 $0 $0
2019 $605 $15,120 $0 $0
2018 $581 $14,560 $0 $0
2017 $565 $14,180 $0 $0
2016 $524 $13,240 $0 $0
2015 -- $12,540 $0 $0
2014 -- $10,200 $0 $0
2013 -- $9,540 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Baldwin REALTORS®

MLS Number: 318433

Baldwin REALTORS®

APN: 46-03-37-0-003-054.000