NOT LISTED FOR SALE

557 N Mobile St Fairhope, AL 36532

Estimated Value: $399,000 - $2,034,077

16 Beds
15.5 Baths
11,347 Sq Ft
$118/Sq Ft Est. Value

Last Sold December 15, 2017

Last sale price $1,400,000 $123 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $7,773/month

Highlights

  • Property Fronts a Bay or Harbor
  • 1.3 Acre Lot
  • Bonus Room
  • Fairhope West Elementary School Rated A-
  • Wood Flooring
  • L-Shaped Dining Room

About This Home

As of December 2017

One of a kind investment opportunity to own a bay front estate in downtown Fairhope on Mobile Bay. This property is currently being run as a Bed & Breakfast named Away at the Bay. The owner lives in the main house and leases out the 7 suites featuring 1-2 bedrooms, open floor plan, living area, kitchen and laundry room. This beautiful property sits on top of the bluff on Mobile St. and has a easy access to the bay. Views are amazing! You can visit the current website at www.awayatthebay.com for more bed & breakfast information. Possession 1 to 15 days

Last Agent to Sell the Property

Morgan Ashurst

Ashurst & Niemeyer LLC License #71938 Listed on: 10/27/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,850

Year Built

  • Built in 1945

Lot Details

  • 1.3 Acre Lot
  • Property Fronts a Bay or Harbor

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Front

Interior Spaces

  • 11,347 Sq Ft Home
  • 3-Story Property
  • Ceiling height of 9 feet on the main level
  • Ceiling Fan
  • Family Room
  • L-Shaped Dining Room
  • Den
  • Bonus Room
  • Water Views

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 16 Bedrooms
  • Soaking Tub

Schools

  • Fairhope East Elementary School
  • Fairhope Middle School

Additional Features

  • Rear Porch
  • Central Heating and Cooling System

Community Details

  • Volanta Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4603370002044000

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,850

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • Legal Description: 132.5 X 170 S IRR LOTS 1 2 7 8 BLOCK 10 VOLANTA SUB SEC 37 T6S R2E
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Property Condition: Resale
  • Year Built: 1945
  • Levels Stories: Three Or More
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: High Ceilings 9 ft Main
  • Common Walls: No Common Walls
  • Additional Rooms: Bonus Room, Den, Family Room
  • Dining Room Features: Dining L
  • Square Footage: 11347.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 16
  • Total Bathrooms: 16
  • Total Full Baths: 15
  • Total Half Baths: 1
  • Master Bathroom Features: Soaking Tub

Exterior Features

  • Construction Materials: Brick Front
  • Patio And Porch Features: Rear Porch
  • View: Water
  • Foundation: None

Garage/Parking

  • Number of Garage Spaces: 2
  • Parking Features: Attached, Garage

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central
  • Utilities: Electricity Available, Natural Gas Available
  • Electric: None

Condo/Co-op/Association

  • Subdivision Complex: VOLANTA

Lot Info

  • Acres: 1.3000
  • Parcel Number: 4603370002044000
  • Price Acre Dollar: 1076923.08
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Rental Info

  • Deposit Required: None

Multi Family

  • Waterfront Features: Bay Front

MLS Schools

  • Elementary School: Fairhope East
  • High School: Baldwin - Other
  • Middle School: Fairhope

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2020
Sold by
L M Waterfront Llc
Bought by
Hand Michael D
Current Estimated Value
$1,337,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$622,613
Interest Rate
2.9%
Mortgage Type
Construction
Estimated Equity
$714,746

Purchase Details

Closed on
Aug 6, 2020
Sold by
L & M Waterfront Llc
Bought by
Westberry Bodet Janice Lynn and Bodet Jean Philippe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$622,613
Interest Rate
2.9%
Mortgage Type
Construction
Estimated Equity
$714,746

Purchase Details

Closed on
Jun 19, 2019
Sold by
Gravlee Glenda Ritchie
Bought by
L & M Waterfront Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
4.1%
Mortgage Type
Commercial
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
Hand Michael D $235,507 None Available
Westberry Bodet Janice Lynn $285,000 None Available
L & M Waterfront Llc $550,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hand Michael D $700,000
Previous Owner Westberry Bodet Janice Lynn $985,000
Previous Owner L & M Waterfront Llc $425,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2017 12/15/17 Sold $1,400,000 0.0% $123 / Sq Ft
12/15/2017 12/15/17 Sold $1,400,000 -28.2% $123 / Sq Ft View Prior Sale
10/27/2017 10/27/17 Pending -- -- --
10/27/2017 10/27/17 Pending -- -- --
01/13/2017 01/13/17 For Sale $1,950,000 -- $172 / Sq Ft
Source: Gulf Coast MLS (Mobile Area 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 $8,850 $193,380 $83,740 $109,640
2023 $7,407 $162,000 $77,440 $84,560
2022 $5,616 $123,060 $0 $0
2021 $5,377 $104,040 $0 $0
2020 $5,260 $114,340 $0 $0
2019 $5,852 $136,100 $0 $0
2018 $5,355 $124,540 $0 $0
2017 $5,323 $123,780 $0 $0
2016 $5,049 $117,420 $0 $0
2015 -- $116,920 $0 $0
2014 -- $116,920 $0 $0
2013 -- $116,920 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Morgan Ashurst

    Seller's Agent in 2017

    Morgan Ashurst

    Ashurst & Niemeyer LLC

    (251) 583-5016

    37 in this area

    85 Total Sales

    Morgan Ashurst
    Section Image

  • N

    Buyer's Agent in 2017

    Non Member

    Non Member Office

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Map

Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)

MLS Number: 0540990

Gulf Coast MLS (Mobile Area Association of REALTORS®)

APN: 46-03-37-0-005-015.000

Alabama Baldwin County Fairhope 36532

557 N Mobile St, Fairhope, AL

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Gulf Coast MLS (Mobile Area Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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