NOT LISTED FOR SALE

562 Cove Dr Eclectic, AL 36024

Estimated Value: $691,208 - $728,000

2 Beds
1.5 Baths
980 Sq Ft
$724/Sq Ft Est. Value

Last Sold July 12, 2024

Last sale price $687,500 $702 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,952/month

78 Days on Market

Highlights

  • Boathouse
  • Pier
  • Boat Slip
  • Eclectic Elementary School Rated A-
  • Boat Ramp
  • Waterfront

About This Home

As of July 2024

This 2 Bedroom / 1.5 Bath home in Kowaliga Bay Estates will have you enjoying Lake Martin for this summer. Placed on two flat lots, the added drive thru garage with a boat-ramp adds great options to expand. Cove Drive is convenient to I-85 and all your favorite Hot Spots on Lake Martin.

Last Agent to Sell the Property

John Franklin

Lake Homes Realty of Central Alabama License #99066 Listed on: 03/21/2024

Lake Homes Realty of Central Alabama

Co-Listed By

Gordon Pickler

Lake Homes Realty of Central Alabama

Last Buyer's Agent

Adam Yager

Lake Martin Realty - Willow Point License #111376

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,061

Year Built

  • Built in 1962

Lot Details

  • 10,019 Sq Ft Lot
  • Waterfront

Parking

  • 1 Car Detached Garage

Home Design

  • Lake House
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 980 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Crawl Space
  • Property Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Pier
  • Seawall
  • Boat Ramp
  • Boat Slip
  • Boathouse
  • Covered Deck

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • Kowaliga Bay Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 07-05-21-4-003-011000-0

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,061

Year Built

Built in 1962

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.23
  • Water Body Name: Lake Martin
  • Co List Office Mls Id: lakehomesca
  • Co List Office Phone: 866-525-3466
  • Subdivision Name: Kowaliga Bay Estates
  • Directions: From AL-229 turn North on Cove Drive. Turn left at the 3-way intersection of Cove, Cove and Point Rd. The property is the 2nd house on the right.
  • Architectural Style: Lake Home
  • Building Area Total: 980.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1962
  • Utilities Fuel: Alabama Power: Yes
  • Utilities Fuel: Cable T V Available: Yes
  • Siding: Vinyl Siding: Yes
  • Cooling: Heat Pump2: Yes
  • Foundation: Crawl Space: Yes
  • Roof: Architectural: Yes
  • Floors: Tile2: Yes
  • Sewage: Septic: Yes
  • Exterior: Shrubs: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Exterior: Covered Deck: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Miscellaneous Restrictions: CCR
  • Special Features: None
  • Stories: 1

Interior Features

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Tile
  • Appliances Dishwasher: Yes
  • Appliances:Water Heater (Elec): Yes
  • Appliances:Range (Elec): Yes

Exterior Features

  • Lot Features: Waterfront, Lot Remarks, Views
  • Waterfront Features: Boat Ramp, Pier, Boat Slip, Boat House, Seawall
  • Waterfront: Yes
  • Construction Type: Vinyl Siding
  • Exterior Features: Covered Deck, Shrubs
  • Foundation Details: Crawl Space
  • Roof: Architectural
  • Waterfront Features:Pier: Yes
  • Waterfront Features:Seawall: Yes
  • Lot Features:Views: Yes
  • Waterfront Features:Boat Ramp: Yes
  • Waterfront Features:Boat House: Yes
  • Waterfront Features:Boat Slip: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Detached
  • General Property Description:Garage Stall2: 1
  • General Property Description:Garage Remarks2: Detached

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Utilities: Cable Available
  • Heating:Heat Pump: Yes

Schools

  • Junior High Dist: Elmore County

Lot Info

  • Lot Size Sq Ft: 10018.8
  • Parcel #: 07-05-21-4-003-011000-0
  • Zoning: Residential Single
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1061.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2024
Closed on
Jul 12, 2024
Sold by
Williams Danny Wayne
Bought by
Moss Laura Brown
Seller's Agent
John Franklin
Lake Homes Realty of Central Alabama
Buyer's Agent
Adam Yager
Lake Martin Realty - Willow Point
List Price
$750,000
Sold Price
$687,500
Premium/Discount to List
-$62,500
-8.33%
Views
69
Current Estimated Value
$709,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,104
Avg. Annual Appreciation
5.54%
Original Mortgage
$550,000
Outstanding Balance
$545,871
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$184,810
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
Moss Laura Brown $687,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moss Laura Brown $550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2024 07/12/24 Sold $687,500 -8.3% $702 / Sq Ft
06/08/2024 06/08/24 Pending -- -- --
03/21/2024 03/21/24 For Sale $750,000 -- $765 / Sq Ft
Source: Lake Martin 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 $1,111 $42,440 $0 $0
2023 $1,111 $424,400 $247,200 $177,200
2022 $883 $35,316 $24,000 $11,316
2021 $848 $33,886 $24,000 $9,886
2020 $799 $31,926 $24,000 $7,926
2019 $763 $31,716 $25,200 $6,516
2018 $787 $30,274 $24,000 $6,274
2014 $778 $290,810 $240,000 $50,810
Source: Public Records

Agents Affiliated with this Home

  • John Franklin

    Seller's Agent in 2024

    John Franklin

    Lake Homes Realty of Central Alabama

    (866) 525-3466

    78 Total Sales

    John Franklin
    Section Image

  • G

    Seller Co-Listing Agent in 2024

    Gordon Pickler

    Lake Homes Realty of Central Alabama

    (334) 322-9061

    15 Total Sales

    Gordon Pickler
    Section Image

  • A

    Buyer's Agent in 2024

    Adam Yager

    Lake Martin Realty - Willow Point

    (256) 212-1498

    139 Total Sales

    Adam Yager
    Section Image
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Map

Source: Lake Martin Area Association of REALTORS®

MLS Number: 24-292

APN: 07-05-21-4-003-011000-0

Alabama Elmore County Eclectic 35010

562 Cove Dr, Eclectic, AL

This home is located at 562 Cove Dr, Eclectic, AL 36024 since 21 March 2024 and is currently estimated at $709,604, approximately $724 per square foot. This property was built in 1962. 562 Cove Dr is a home located in Elmore County with nearby schools including Eclectic Elementary School, Eclectic Middle School, and Elmore County High School.

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