5488 Rabbit Creek Dr Theodore, AL 36582
Cypress Shores NeighborhoodEstimated Value: $319,000 - $406,000
3
Beds
2
Baths
1,496
Sq Ft
$240/Sq Ft
Est. Value
Highlights
- 60 Feet of Waterfront
- River View
- Stream or River on Lot
- Home fronts a creek
- Deck
- Great Room
About This Home
As of May 2023Life is all about what you see, but a great life is about having the vision to see all the possibilities and potential. If you have vision, this Rabbit Creek property is calling your name. A previous Elevation Certificate shows the house sits at 14 feet and is situated about halfway along the 60x700x60x660 property. This is all part of the potential. 1: With a little TLC you could make this 1496 square foot, 3BD, 2BA house into a permanent home and enjoy the river life very affordably. 2: You could live in the house while you oversee the construction of your forever beautiful river home that would be built closer to the river. In fact, the owner has a set of house plans that he is willing to give you at Closing. 3: After your new forever home is built, keep the current house as a guest cottage for your loved ones to stay in while visiting, or you could rent it out for some additional income. Oh so much potential! Regardless of what your vision is, you will love the river lifestyle, and it is rare that a property comes available with this elevation. The house is currently on a septic system, but city sewer is available at the street. It has city water, gas, stainless oven, tile countertops in kitchen, the primary bedroom has an ensuite, fireplace in the family room, hardwood looking vinyl plank flooring, and a fabulous covered deck for all those relaxing moments watching the river sunsets and even enjoying the pitter patter of the rain. The house is being AS-IS with no repairs to be made by seller, but we all know the real value is in the River Front lot and its unparalleled river views. Don’t let this vision get sold before you have a chance to envision it. Call for your private tour today.
Last Agent to Sell the Property
Roberts Realty Group Inc License #71798 Listed on: 03/24/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $601
Lot Details
- 0.83 Acre Lot
- Lot Dimensions are 60x700x60x660
- Home fronts a creek
- 60 Feet of Waterfront
- River Front
- Property fronts a county road
- Back and Front Yard
Home Design
- Cottage
- Cabin
- Block Foundation
- Shingle Roof
Interior Spaces
- 1,496 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Decorative Fireplace
- Gas Log Fireplace
- Insulated Windows
- Entrance Foyer
- Family Room with Fireplace
- Great Room
- Breakfast Room
- River Views
- Laundry in Kitchen
Kitchen
- Gas Oven
- Gas Cooktop
- Tile Countertops
- White Kitchen Cabinets
Flooring
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
- Bathtub and Shower Combination in Primary Bathroom
Parking
- Parking Pad
- Driveway
Outdoor Features
- Stream or River on Lot
- Deck
- Covered patio or porch
- Gazebo
Utilities
- Central Air
- Heat Pump System
- Heating System Uses Natural Gas
- 110 Volts
- Septic Tank
- Phone Available
- Cable TV Available
Community Details
- Rabbit Creek Division Hollingers Island Subdivision
Listing and Financial Details
- Assessor Parcel Number 3307400002045
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 24, 2023
Closed on
May 9, 2023
Sold by
Farnell Donald Keith
Bought by
Jeremy E Hunts And Stacey L Hunts Living Trus
Seller's Agent
Grace Pond
Roberts Realty Group Inc
Buyer's Agent
Grace Pond
Roberts Realty Group Inc
List Price
$370,000
Sold Price
$306,000
Premium/Discount to List
-$64,000
-17.3%
Views
91
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,312
Avg. Annual Appreciation
4.93%
Purchase Details
Closed on
Oct 15, 2015
Sold by
Mcgowin William T
Bought by
Schiavoni Michael Vincent and Schiavoni Paula Elaine
Purchase Details
Closed on
Dec 28, 1998
Sold by
Farnell Donald Keith and Farnell Jennifer H
Bought by
Farnell Donald Keith
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,700
Interest Rate
6.86%
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jeremy E Hunts And Stacey L Hunts Living Trus | $306,000 | None Listed On Document | |
| Schiavoni Michael Vincent | $199,000 | None Available | |
| Farnell Donald Keith | $169,200 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Farnell Donald Keith | $132,954 | |
| Previous Owner | Farnell Donald Keith | $168,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/09/2023 05/09/23 | Sold | $306,000 | -14.8% | $205 / Sq Ft |
| 04/24/2023 04/24/23 | Pending | -- | -- | -- |
| 04/22/2023 04/22/23 | Price Changed | $359,000 | -3.0% | $240 / Sq Ft |
| 04/21/2023 04/21/23 | For Sale | $370,000 | 0.0% | $247 / Sq Ft |
| 04/13/2023 04/13/23 | Pending | -- | -- | -- |
| 03/24/2023 03/24/23 | For Sale | $370,000 | -- | $247 / Sq Ft |
Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)
Tax History Compared to Growth
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 | $1,933 | $39,860 | $17,700 | $22,160 |
| 2023 | $632 | $14,400 | $8,250 | $6,150 |
| 2022 | $601 | $13,750 | $8,250 | $5,500 |
| 2021 | $601 | $13,750 | $8,250 | $5,500 |
| 2020 | $601 | $13,750 | $8,250 | $5,500 |
| 2019 | $657 | $14,920 | $0 | $0 |
| 2018 | $657 | $14,920 | $0 | $0 |
| 2017 | $668 | $15,160 | $0 | $0 |
| 2016 | $565 | $13,040 | $0 | $0 |
| 2013 | $574 | $13,080 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Grace Pond
Seller's Agent in 2023
Grace Pond
Roberts Realty Group Inc
(251) 232-8903
5 in this area
124 Total Sales
Map
Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)
MLS Number: 7193634
APN: 33-07-40-0-002-045
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