NOT LISTED FOR SALE

531 Salem St Fairhope, AL 36532

Estimated Value: $410,000 - $465,000

3 Beds
2 Baths
2,028 Sq Ft
$218/Sq Ft Est. Value

Last Sold December 06, 2021

Last sale price $375,000 $185 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,485/month

37 Days on Market

Highlights

  • FORTIFIED Gold
  • Craftsman Architecture
  • Screened Porch
  • Fairhope West Elementary School Rated A-
  • Corner Lot
  • Breakfast Room

About This Home

As of December 2021

Move in ready! Better than new Truland home with all the extras you deserve! Conveniently located on a corner lot just a block from shopping and minutes from downtown Fairhope. Open floorplan with beautiful wood look tile floors in common areas and high end nylon carpet in bedrooms. Chefs kitchen has a gas stove, bar, tile backsplash, granite countertops and stainless steel appliances including the refrigerator which will stay. Great room has trey ceilings and a gas burning fireplace. Plantation shutters and blinds will convey. Spacious master suite also has a trey ceiling, huge walk-in closet, linen closet, double vanity, soaking tub and separate shower. Enjoy your private tiled screened in porch or your extended patio for outdoor living. Gorgeous yard and lawn, zoned sprinkler system in the front and the back yard, gutters and partially fenced. This home is gold fortified for lower insurance. Hurry before this one is GONE!

Last Agent to Sell the Property

Sherry Mercer

Maximus Real Estate Inc Listed on: 09/07/2021

Last Buyer's Agent

Marg Watson

Salt Coast Realty, Inc License #130932

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,297

Year Built

  • Built in 2017

Lot Details

  • 0.26 Acre Lot
  • Partially Fenced Property
  • Corner Lot
  • Few Trees

HOA Fees

  • $29 Monthly HOA Fees

Home Design

  • Craftsman Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof
  • Concrete Fiber Board Siding

Interior Spaces

  • 2,028 Sq Ft Home
  • 1-Story Property
  • ENERGY STAR Qualified Ceiling Fan
  • Ceiling Fan
  • Gas Log Fireplace
  • Double Pane Windows
  • Window Treatments
  • Great Room with Fireplace
  • Combination Dining and Living Room
  • Breakfast Room
  • Screened Porch
  • Termite Clearance

Kitchen

  • Breakfast Bar
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Parking

  • Attached Garage
  • Automatic Garage Door Opener

Eco-Friendly Details

  • FORTIFIED Gold
  • Energy-Efficient Appliances

Outdoor Features

  • Patio

Schools

  • Fairhope Intermediate

Utilities

  • Central Heating and Cooling System
  • ENERGY STAR Qualified Air Conditioning
  • Heat Pump System

Community Details

  • Association fees include common area maintenance
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 46-05-16-0-000-028.891

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,297

Year Built

Built in 2017

Lot Details

0

HOA Fees

$29 per month

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Wood Frame, Slab, Fortified-Gold
  • Construction Status: Resale
  • Flood Zone: X
  • Intersecting Street: Morphy
  • Mineral Rights: No Rights
  • Property Amenities: Automatic Garage Door, Ceiling Fan(s), Partially Fenced, Porch-Open, Patio, Porch-Screened, Termite Contract, Window Treatments, Porch-Back, Porch-Front
  • Property Type: Residential Detached
  • Restrictive Covenants: Yes
  • Style: Craftsman
  • Zoning Area: Single Family Residence
  • Parcel Id Tax Id: 46-05-16-0-000-028.891
  • Year Built: 2017
  • Geo Subdivision: AL
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range-Gas, Refrigerator W/Ice Maker
  • Estimated Living Area: 2028
  • Bathrooms: 2
  • Bedroom 2: Dimensions: 13x12, On Level: Main Level
  • Bedroom 3: Dimensions: 13x12, On Level: Main Level
  • Bedrooms: 3
  • Dining Area: Dimensions: 11x10, On Level: Main Level
  • Dining Area Type: Breakfast Bar, Breakfast Room, Lvg/Dng/Ktchn Combo
  • Fireplace: Gas Logs, Great Room
  • Floors: Carpet, Tile
  • Great Room: Dimensions: 17x19, On Level: Main Level
  • Kitchen: Dimensions: 10x15, On Level: Main Level
  • Master Bed: Dimensions: 17x14, On Level: Main Level
  • Primary Bedroom Bathroom: Double Vanity, Garden Tub, Separate Shower, Walk In Closet
  • Number Of Fireplaces: 1
  • Price Per Sq Ft: 184.91
  • Property Interior Stories: 1
  • Primary Bedroom Bathroom Combo: Yes

Exterior Features

  • Exterior Finish: Brick, Concrete Board
  • Roof: Composition Shingle
  • Water Property Type: No Waterfront

Garage/Parking

  • Garage Parking: Attached, Double Garage

Utilities

  • Heat Cooling: Central Electric, Heat Pump, Heat Pump (Cool)
  • Utilities: Fairhope Utilities

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association Fees: 350
  • Association Fees Include: Common Area Maintenance

Fee Information

  • Transfer Fees: Yes

Schools

  • Intermediate School: Fairhope Intermediate

Lot Info

  • Estimated Lot Size: 0.26
  • Lot Block Unit: 70
  • Lot Description: Less Than 1 Acre, Corner Lot, Some Trees
  • Lot Size: see survey

Green Features

  • Energy Saving Features: Ceiling Fan(s), Double Pane Windows, Energy Effic Appliances, Energy Star Air Cond

Tax Info

  • Fairhope Single Tax: Yes
  • Property Taxes: 1297.28
  • Assessor Parcel Number: 279075

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2022
Sold by
Reams Nancy Reams
Bought by
Reams Amelia Skye
Current Estimated Value
$441,984

Purchase Details

Closed on
Apr 13, 2022
Sold by
Harold Reams Raymond and Harold Nancy
Bought by
Reams Nancy

Purchase Details

Listed on
Sep 7, 2021
Closed on
Dec 6, 2021
Sold by
Wimmer Christopher S and Wimmer Laura L
Bought by
Ream Raymond Harold and Ream Nancy
Seller's Agent
Sherry Mercer
Maximus Real Estate Inc
Buyer's Agent
Marg Watson
Salt Coast Realty, Inc
List Price
$379,900
Sold Price
$375,000
Premium/Discount to List
-$4,900
-1.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.24%

Purchase Details

Listed on
Apr 7, 2017
Closed on
May 26, 2017
Sold by
Truland Homes Llc
Bought by
Myer Sandra S and Cormier Cheri Lynn
Seller's Agent
Alicen Fowler
Bellator Real Estate, LLC
Buyer's Agent
Thomas Harris
Coldwell Banker Reehl Prop Fairhope
Sold Price
$262,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.18%

Purchase Details

Closed on
Jul 19, 2006
Sold by
Rlb Properties Inc
Bought by
Madden Lloyd R and Madden Doris M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,950
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Reams Amelia Skye -- --
Reams Nancy -- Pipkin & Associates Llc
Ream Raymond Harold $375,000 Atc
Myer Sandra S $262,610 None Available
Madden Lloyd R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Madden Lloyd R $58,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/06/2021 12/06/21 Sold $375,000 -1.0% $185 / Sq Ft
10/14/2021 10/14/21 Pending -- -- --
10/01/2021 10/01/21 Price Changed $378,900 -0.3% $187 / Sq Ft
09/24/2021 09/24/21 For Sale $379,900 0.0% $187 / Sq Ft
09/24/2021 09/24/21 Price Changed $379,900 +2.7% $187 / Sq Ft
09/09/2021 09/09/21 Pending -- -- --
09/07/2021 09/07/21 For Sale $369,900 +27.6% $182 / Sq Ft
04/19/2019 04/19/19 Sold $290,000 -3.0% $145 / Sq Ft View Prior Sale
03/06/2019 03/06/19 Pending -- -- --
02/23/2019 02/23/19 For Sale $299,000 +13.9% $150 / Sq Ft
05/26/2017 05/26/17 Sold $262,610 0.0% $131 / Sq Ft View Prior Sale
05/26/2017 05/26/17 Sold $262,610 0.0% $131 / Sq Ft View Prior Sale
04/07/2017 04/07/17 Pending -- -- --
04/07/2017 04/07/17 Pending -- -- --
10/25/2016 10/25/16 For Sale $262,610 -- $131 / 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 -- $40,840 $7,960 $32,880
2023 $1,515 $37,760 $5,340 $32,420
2022 $1,515 $33,920 $0 $0
2021 $1,341 $24,300 $0 $0
2020 $0 $29,180 $0 $0
2019 $0 $27,380 $0 $0
2018 $928 $25,940 $0 $0
2017 $258 $6,000 $0 $0
2016 $258 $6,000 $0 $0
2015 -- $6,000 $0 $0
2014 -- $6,000 $0 $0
2013 -- $6,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Baldwin REALTORS®

MLS Number: 319766

Baldwin REALTORS®

APN: 46-05-16-0-000-028.891