531 W Laurel Ave Foley, AL 36535
Foley AreaEstimated payment $3,866/month
Highlights
- 0.59 Acre Lot
- No HOA
- Cooling Available
- Wood Flooring
- Attached Garage
- Ceiling Fan
About This Home
This charming six-plex, built in 1925, is a historical gem located just steps from Foley Downtown. With only four owners in nearly a century, this property sits on a little over half an acre. Currently operated as a 55+ community, it's consistently 100% occupied. Walking distance to Foley Elementary and Middle Schools, and downtown with all you need doctor's offices, vet clinic, restaurants, shops - you name it. South Baldwin Regional Medical Center, Police Department, Municipal Court, DMV, Riviera Utilities and more are located within 2 miles radius. The two-story building houses six units, each offering 1 bedroom and 1 bathroom and its own kitchen. Five units are on the main floor, while one occupies the upstairs level. All units come equipped with individual mini-split A/C systems. Coin laundry is available for common use. There's also a full basement, not in use by tenants, offering extra potential. Ample on-site parking is available for tenant convenience. Utilities are included in the tenant's monthly payments. The property underwent a renovation in 2018, with updated electrical, plumbing, sprinkler, and smoke detector systems, ensuring modern functionality in a historic setting. Buyer to verify all information during due diligence.
Listing Agent
Ryals Realty, Inc Brokerage Email: allanikitina@ryalsrealty.com License #108869 Listed on: 09/13/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925
Lot Details
- 25,700 Sq Ft Lot
Parking
- Attached Garage
Home Design
- Tile Roof
- Metal Roof
Interior Spaces
- 3,743 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Fire and Smoke Detector
- Electric Range
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Full Bathrooms
Schools
- Foley Elementary School
- Foley Middle School
- Foley High School
Utilities
- Cooling Available
- Heating Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 05-54-09-29-3-000-005.002
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,146 | $95,340 | $15,100 | $80,240 |
| 2024 | $2,954 | $89,500 | $14,960 | $74,540 |
| 2023 | $2,759 | $83,620 | $15,100 | $68,520 |
| 2022 | $2,834 | $85,880 | $0 | $0 |
| 2021 | $2,256 | $68,360 | $0 | $0 |
| 2020 | $2,136 | $64,740 | $0 | $0 |
| 2019 | $1,531 | $46,400 | $0 | $0 |
| 2018 | $1,190 | $36,060 | $0 | $0 |
| 2017 | $1,190 | $36,060 | $0 | $0 |
| 2016 | $1,190 | $36,060 | $0 | $0 |
| 2015 | $1,127 | $34,160 | $0 | $0 |
| 2014 | $1,127 | $34,160 | $0 | $0 |
| 2013 | -- | $34,160 | $0 | $0 |
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 |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | Price Changed | $679,000 | -2.9% | $181 / Sq Ft |
| 05/24/2025 05/24/25 | Price Changed | $699,000 | -5.4% | $187 / Sq Ft |
| 09/13/2024 09/13/24 | For Sale | $739,000 | -- | $197 / Sq Ft |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $352,900 | None Available |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,575,000 | Commercial | |
| Closed | $1,030,250 | Future Advance Clause Open End Mortgage | |
| Closed | $1,030,250 | Future Advance Clause Open End Mortgage |
Source: Baldwin REALTORS®
MLS Number: 367907
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