Royal Palms Condominiums 561 E Beach Blvd Unit 1302 Gulf Shores, AL 36542
1
Bed
2
Baths
676
Sq Ft
1.67
Acres
Highlights
- Property fronts gulf or ocean
- Fitness Center
- Community Indoor Pool
- Gulf Shores Elementary School Rated A-
- Main Floor Primary Bedroom
- Sauna
About This Home
As of October 2020Very POPULAR and highly desired PENTHOUSE level ROYAL PALMS condo - rarely available...Don't miss your chance to own this beachfront beauty!! Top two penthouse floor units offer higher ceilings and the BEST views! All TILE, 1 bedroom w/2 FULL baths PLUS hall bunks that sleeps 6. Great rental history of ~$31k/year gross rents. 2019 Updates included a new 55" Smart TV in LR, new HVAC installed Jan/2019 w/10 year warranty plus all plumbing lines updated with braided stainless. Recent March/2020 updates include: New couch (sleeper) & swivel recliner chair in LR, new comforters (all beds), all trim repainted and walls freshened up. Incredible views of the Gulf State Pier (w/unparalleled July 4th fireworks viewing), dolphins swimming in the Gulf, fishing boats and parasailors, and amazing sunsets - plus, incredible Blue Angel fly-bys at almost eye level. Bonus, you also have great views from the walkway entrance of Lake Shelby and the surrounding area to the North. Very well managed HOA.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,963
Year Built
- Built in 2000
Lot Details
- Property fronts gulf or ocean
- Landscaped
- Sprinkler System
HOA Fees
- $435 Monthly HOA Fees
Home Design
- Reinforced Concrete Foundation
Interior Spaces
- 676 Sq Ft Home
- Furnished
- High Ceiling
- Ceiling Fan
- Combination Dining and Living Room
- Tile Flooring
- Fire and Smoke Detector
- Stacked Washer and Dryer
Kitchen
- Electric Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 1 Primary Bedroom on Main
- En-Suite Primary Bedroom
- 2 Full Bathrooms
- Shower Only
- Separate Shower
Parking
- Covered Parking
- Parking Lot
Outdoor Features
- Covered patio or porch
Schools
- Gulf Shores Elementary School
- Gulf Shores Middle School
- Gulf Shores High School
Utilities
- Heat Pump System
- Electric Water Heater
- Internet Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 66-05-21-1-000-016.000987
Community Details
Overview
- Association fees include management, cable, common area insurance, common area maintenance, pest control, recreational facilities, reserve funds, security, taxes-common area, trash, water/sewer, internet, pool
- 2 Elevators
- Royal Palms Community
- 14-Story Property
Amenities
- Community Gazebo
- Community Barbecue Grill
- Sauna
- Meeting Room
- Community Wi-Fi
Recreation
- Fitness Center
- Community Spa
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 30, 2020
Closed on
Oct 16, 2020
Sold by
Gibb & Gibb Lp
Bought by
French Eric R and French Gwen B
Seller's Agent
Brandon Gibbs
Vacasa Alabama LLC
Buyer's Agent
Coleman Grau
RE/MAX Paradise
List Price
$359,000
Sold Price
$346,000
Premium/Discount to List
-$13,000
-3.62%
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
$198,865
Avg. Annual Appreciation
9.97%
Original Mortgage
$306,000
Outstanding Balance
$274,770
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$270,095
Purchase Details
Listed on
Dec 25, 2015
Closed on
Apr 21, 2016
Sold by
Gibson Joseph Albert and Gibson Carol J
Bought by
Gibbs & Gibbs Lp
Seller's Agent
Brandon Hubbard
Brett R/E Robinson Dev OB
Buyer's Agent
Brad Lynn
eXp Realty Southern Branch
List Price
$271,500
Sold Price
$271,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.55%
Similar Homes in Gulf Shores, AL
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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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $346,000 | None Available | |
| Warranty Deed | $271,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $306,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/16/2020 10/16/20 | Sold | $346,000 | -3.6% | $512 / Sq Ft |
| 09/02/2020 09/02/20 | Pending | -- | -- | -- |
| 04/30/2020 04/30/20 | For Sale | $359,000 | +32.2% | $531 / Sq Ft |
| 04/22/2016 04/22/16 | Sold | $271,500 | 0.0% | $402 / Sq Ft |
| 03/23/2016 03/23/16 | Pending | -- | -- | -- |
| 12/25/2015 12/25/15 | For Sale | $271,500 | -- | $402 / Sq Ft |
Source: Baldwin 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 | $3,569 | $108,160 | $0 | $108,160 |
| 2023 | $2,855 | $86,520 | $0 | $86,520 |
| 2022 | $2,320 | $70,300 | $0 | $0 |
| 2021 | $2,128 | $63,540 | $0 | $0 |
| 2020 | $2,016 | $60,160 | $0 | $0 |
| 2019 | $1,994 | $59,480 | $0 | $0 |
| 2018 | $1,816 | $54,080 | $0 | $0 |
| 2017 | $1,771 | $52,720 | $0 | $0 |
| 2016 | $1,673 | $49,760 | $0 | $0 |
| 2015 | $1,414 | $41,920 | $0 | $0 |
| 2014 | $1,258 | $37,180 | $0 | $0 |
| 2013 | -- | $35,820 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
B
Seller's Agent in 2020
Brandon Gibbs
Vacasa Alabama LLC
(770) 377-7087
2 Total Sales
-
Buyer's Agent in 2020
Coleman Grau
RE/MAX
(850) 449-2782
119 Total Sales
-
Seller's Agent in 2016
Brandon Hubbard
Brett R/E Robinson Dev OB
(251) 269-0311
75 Total Sales
-
B
Buyer's Agent in 2016
Brad Lynn
eXp Realty Southern Branch
About Royal Palms Condominiums
Map
Source: Baldwin REALTORS®
MLS Number: 297851
APN: 66-05-21-1-000-016.000-987
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