NOT LISTED FOR SALE

545 Plantation Rd Unit 12 Gulf Shores, AL 36542

Fort Morgan Neighborhood

Estimated Value: $834,000 - $1,206,000

3 Beds
2 Baths
3,546 Sq Ft
$294/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $696,000 $196 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $6,143/month

51 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Fishing Pier
  • Gulf View
  • Beach
  • Building Security
  • Gated Community

About This Home

As of October 2020

Awesome duplex investment opportunity~both sides sold together!! This duplex is located just steps from the beach in Fort Morgan!Amazing beach views with deeded access to the sandy beaches and blue waters! Each side is 4 bedrooms and 3 baths with tile throughout main livingareas and granite counters in kitchens. Each side has 3 levels, with the bottom level as a private bed & full bath combo, the main level has the living area,kitchen, laundry, bedroom, and full bath; the 3rd level has 2 bedrooms and a full bath! Enjoy the gorgeous views from the deck and balcony. Each side hasseparate entrances and a connecting door, perfect for multiple families! Great rental potential! This duplex is part of the Gulf Shores Plantation Resort w/full resort amenities including multiple pools/hot tubs, beach access, tennis, volleyball, and much more!

Last Agent to Sell the Property

Kevin Corcoran

RE/MAX OF GULF SHORES Listed on: 07/23/2020

RE/MAX OF GULF SHORES

Last Buyer's Agent

Outside Area Selling Agent

PAR Outside Area Listing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,478

Year Built

  • Built in 1994

Lot Details

  • Lot Dimensions: 77
  • Cul-De-Sac

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Circular Driveway
  • Guest Parking

Home Design

  • Duplex
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 3,546 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Inside Utility
  • Gulf Views

Kitchen

  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deeded Waterfront Access Rights
  • Balcony
  • Deck

Schools

  • Orange Beach Elementary School
  • Gulf Shores Middle School
  • Gulf Shores High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 113687

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include cable TV, ground maintenance, recreation facility, trash
  • 2 Units
  • Gulf Shores Plantation Subdivision

Amenities

  • Picnic Area

Recreation

  • Fishing Pier
  • Beach
  • Tennis Courts
  • Community Pool

Security

  • Building Security
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,478

Year Built

Built in 1994

Lot Details

0

Parking

1

Listing Details

  • Stories: 3
  • Parcel Number: 113687
  • Property Type: Residential Income
  • Year Built: 1994
  • Electric: Circuit Breakers
  • Lease Term: None
  • Property Sub Type: Duplex
  • Horses: No
  • Lot Size: 77 x 97
  • Subdivision Name: Gulf Shores Plantation
  • Directions: Heading North on Gulf Shores Pkwy, turn left onto Fort Morgan Rd. After 12.5 miles, turn left into Gulf Shores Plantation. After guard gate,take the first right and cut through the parking lot and continue left around Plantation Rd, Home will be on the right in the cul-de-sac.
  • Building Name: Gulf Shores Plantation
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Water Heater, Electric Water Heater, Dryer, Washer, Dishwasher, Microwave, Refrigerator
  • Flooring: Tile, Carpet
  • Interior Amenities: Ceiling Fan(s), High Speed Internet, Recessed Lighting
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac
  • View: Gulf, Water
  • View: Yes
  • Waterfront Features: Deed Access, Beach Access
  • Waterfront: Yes
  • Home Warranty: No
  • Construction Type: Frame
  • Exterior Features: Balcony
  • Patio And Porch Features: Deck
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: Garage, Guest, Circular Driveway, Garage Door Opener
  • Total Parking Spaces: 1

Utilities

  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air
  • Sewer: Public Sewer
  • Laundry Features: Inside
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Beach, Pool, Fishing, Gated, Picnic Area, Security/Safety Patrol, Tennis Court(s)
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Association, Cable TV, Maintenance Grounds, Recreation Facility, Trash

Schools

  • Elementary School: Orange Beach
  • High School: Gulf Shores
  • Middle Or Junior School: Gulf Shores

Lot Info

  • Zoning Description: Res Multi
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 29, 2016
Sold by
Segalotto Michael J
Bought by
Ms Property Management
Current Estimated Value
$1,043,508

Purchase Details

Closed on
Sep 11, 2015
Sold by
Graff Richard T and Graff Lori S
Bought by
Segalotto Michael J

Purchase Details

Closed on
Aug 9, 2013
Sold by
Community Capital Development Corporatio
Bought by
U S Small Business Administration

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Interest Rate
4.48%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Ms Property Management $690,000 None Available
Segalotto Michael J $690,000 Ct
U S Small Business Administration -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner U S Small Business Administration $1,650,000
Previous Owner Graff Richard T $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2020 10/23/20 Sold $696,000 -4.5% $196 / Sq Ft
09/12/2020 09/12/20 Pending -- -- --
09/04/2020 09/04/20 For Sale $729,000 0.0% $206 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
07/23/2020 07/23/20 For Sale $729,000 -- $206 / Sq Ft
Source: Pensacola Association of 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 $5,478 $195,640 $67,800 $127,840
2023 $6,546 $233,780 $0 $233,780
2022 $4,761 $170,020 $0 $0
2021 $2,083 $148,760 $0 $0
2020 $4,216 $148,760 $0 $0
2019 $4,165 $146,940 $0 $0
2018 $3,961 $139,660 $0 $0
2017 $3,961 $139,660 $0 $0
2016 $3,451 $121,440 $0 $0
2015 $2,805 $100,180 $0 $0
2014 $2,688 $94,560 $0 $0
2013 -- $94,560 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kevin Corcoran

    Seller's Agent in 2020

    Kevin Corcoran

    RE/MAX

    (251) 948-2400

    3 in this area

    77 Total Sales

    Kevin Corcoran
    Section Image

  • O

    Buyer's Agent in 2020

    Outside Area Selling Agent

    PAR Outside Area Listing Office

See All Agents

Map

Source: Pensacola Association of REALTORS®

MLS Number: 575985

Pensacola Association of REALTORS®

APN: 68-09-29-0-000-003.025

Alabama Baldwin County Gulf Shores 36542 Fort Morgan

545 Plantation Rd Unit 12, Gulf Shores, AL

This home is located at 545 Plantation Rd Unit 12, Gulf Shores, AL 36542 since 23 July 2020 and is currently estimated at $1,043,508, approximately $294 per square foot. This property was built in 1994. 545 Plantation Rd Unit 12 is a home located in Baldwin County with nearby schools including Foley Elementary School, Foley Middle School, and Foley High School.

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