NOT LISTED FOR SALE

5508 Bay La Launch Ave Orange Beach, AL 36561

Estimated Value: $553,817 - $608,000

3 Beds
2 Baths
1,410 Sq Ft
$416/Sq Ft Est. Value

Last Sold August 05, 2022

Last sale price $515,000 $365 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,227/month

19 Days on Market

Highlights

  • Wood Flooring
  • Furnished
  • Interior Lot
  • High Ceiling
  • Cottage
  • Living Room

About This Home

As of August 2022

Adorable 3 bedroom/2 bath cottage located in the popular Bear Point Subdivision! This well maintained home is offered FURNISHED with SS appliances, full size washer & dryer, tile throughout the wet areas, beautiful hardwood floors, carpet in the bedrooms, elevator shaft is currently being used as the large walk-in pantry, plantation shutters, newly stained covered porches, tall custom cabinets and granite throughout. Downstairs doubles your entertaining area with plenty of room to enjoy covered and enclosed man cave/garage area plumbed with a kitchenette area, window unit to keep the enclosed area cool, and a roll up garage door for parking. There is a separate storage unit behind the home and a enclosed tool/fishing room to add to all the extras! Bear Point is a great community and offers an optional HOA fee to access the private community beach, pier and boat launch!

Last Agent to Sell the Property

Jennifer Scarbrough

RE/MAX of Gulf Shores Listed on: 06/17/2022

RE/MAX of Gulf Shores

Last Buyer's Agent

Jennifer Scarbrough

RE/MAX of Gulf Shores Listed on: 06/17/2022

RE/MAX of Gulf Shores

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $996

Year Built

  • Built in 2006

Lot Details

  • Lot Dimensions are 50x100
  • Interior Lot

Home Design

  • Cottage
  • Metal Roof
  • Wood Siding
  • Piling Construction

Interior Spaces

  • 1,410 Sq Ft Home
  • 1-Story Property
  • Furnished
  • High Ceiling
  • Living Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Schools

  • Orange Beach Elementary School
  • Orange Beach High School

Utilities

  • Central Air

Community Details

  • Bear Point Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 62-07-37-0-002-209.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$996

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Pilings
  • Construction Status: Resale
  • Flood Zone: AE
  • Property Amenities: High Ceilings
  • Property Type: Residential Detached
  • Style: Cottage
  • Parcel Id Tax Id: 62-07-37-0-002-209.000
  • Year Built: 2006
  • Geo Subdivision: AL
  • Living Room Group: Living Room
  • Property Legal Description: 50' X 100' LOT 346 BEAR POINT ESTATES PB4 PG104 IN THE CITY OF ORANGE BEACH GR SEC 37-T8S-R5E (WD/SU
  • Subdivsn Or Commnty: Bear Point Estates
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Microwave, Range-Electric, Refrigerator W/Ice Maker
  • Estimated Living Area: 1410
  • Bathrooms: 2
  • Bedroom 2: Dimensions: 11x10, On Level: Main Level
  • Bedroom 3: Dimensions: 11x10, On Level: Main Level
  • Bedrooms: 3
  • Floors: Carpet, Tile, Wood
  • Kitchen: Dimensions: 5x7, On Level: Main Level
  • Living Room: Dimensions: 15x15, On Level: Main Level
  • Master Bed: Dimensions: 12x14, On Level: Main Level
  • Price Per Sq Ft: 365.25
  • Property Interior Stories: 1
  • Primary Bedroom Bathroom Combo: Yes
  • Primary Bedroom Bathrooms: Double Vanity, Tub/Shower Combo

Exterior Features

  • Exterior Finish: Wood
  • Roof: Metal
  • Water Property Type: No Waterfront

Utilities

  • Heat Cooling: Central Electric (Cool)
  • Utilities: Baldwin Emc, Orange Beach Water Auth

Schools

  • Elementary School: Orange Beach Elementary
  • High School: Orange Beach High

Lot Info

  • Lot Block Unit: 346
  • Lot Description: Inside Lot
  • Lot Size: 50x100

Rental Info

  • Furnished: Yes
  • Incm Producing Potential: Yes

Tax Info

  • Property Taxes: 996.28
  • Assessor Parcel Number: 592

MLS Schools

  • Elementary School: Orange Beach Elementary
  • HighSchool: Orange Beach High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2022
Closed on
Aug 5, 2022
Sold by
Nahkala and Beth
Bought by
Bryan Darken G and Bryan Amy H
Seller's Agent
Jennifer Scarbrough
RE/MAX of Gulf Shores
Buyer's Agent
Jennifer Scarbrough
RE/MAX of Gulf Shores
List Price
$550,000
Sold Price
$515,000
Premium/Discount to List
-$35,000
-6.36%
Current Estimated Value
$586,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,454
Avg. Annual Appreciation
4.18%
Original Mortgage
$300,000
Outstanding Balance
$287,243
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$299,211

Purchase Details

Closed on
Jul 2, 2021
Sold by
Hale Chad A and Hale Penny
Bought by
Nahkala Scott and Nahkala Beth

Purchase Details

Closed on
Jul 9, 2018
Sold by
Hanson Shirley and Hanson Shari L
Bought by
Hale Chad A

Purchase Details

Closed on
Sep 28, 2007
Sold by
Goin Coconuts Llc
Bought by
Hanson Shirley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,200
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 2006
Sold by
Richardson Mark A
Bought by
Goin Coconuts Llc

Purchase Details

Closed on
May 26, 2005
Sold by
Allison Geary Dwight and Allison Jeanette
Bought by
Richardson Mark A
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
Bryan Darken G $515,000 Taupeka Law Llc
Nahkala Scott $401,500 None Available
Hale Chad A $297,000 None Available
Hanson Shirley -- None Available
Goin Coconuts Llc -- None Available
Richardson Mark A -- None Available
Allison Dwight -- Ati
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bryan Darken G $300,000
Previous Owner Hanson Shirley $238,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2022 08/05/22 Sold $515,000 -5.5% $365 / Sq Ft
07/06/2022 07/06/22 Pending -- -- --
06/28/2022 06/28/22 Price Changed $544,900 -0.9% $386 / Sq Ft
06/17/2022 06/17/22 For Sale $550,000 -- $390 / 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 $1,528 $47,740 $18,880 $28,860
2023 $1,500 $46,860 $16,040 $30,820
2022 $1,213 $37,900 $0 $0
2021 $996 $65,520 $0 $0
2020 $920 $30,660 $0 $0
2019 $879 $29,380 $0 $0
2018 $884 $27,620 $0 $0
2017 $756 $23,620 $0 $0
2016 $714 $22,320 $0 $0
2015 -- $20,740 $0 $0
2014 -- $21,020 $0 $0
2013 -- $20,920 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Baldwin REALTORS®

MLS Number: 332573

Baldwin REALTORS®

APN: 62-07-37-0-002-209.000