NOT LISTED FOR SALE

5675 Riverview Pointe Dr E Theodore, AL 36582

Cypress Shores Neighborhood

Estimated Value: $899,435

7 Acres
$134,646 Price per Acre
290,981 Sq Ft Lot

Last Sold January 16, 2024

Last sale price $875,000 $165 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,198/month

481 Days on Market

Highlights

  • River View
  • Navigable River on Lot
  • Landscaped with Trees
  • 6.68 Acre Lot
  • Security Gate
  • Front Yard Fenced

About This Lot

As of January 2024

My client purchased this property for $1,325,000 last year. He tore the 5,900 SF house down with the intention of building his dream home. Since then, plans have changed. His loss is your gain. This 6.68 acre lot is high and dry and is ready to go for someone to build their dream home. The infrastructure is already there. A driveway with an electric gate entrance, utilities already ran to the pad, Dock in place. Bulkhead in place. The dock alone would be $200,000 to build. The dock has two boat lifts. One for a 25 ft boat and one for two jet skis. This property could be subdivided into 2 lots if so desired. 232 ft of dog river.

Last Agent to Sell the Property

Cameron Weavil

Premier Real Estate Company LL License #91744-1 Listed on: 09/14/2022

Last Buyer's Agent

Cameron Weavil

Premier Real Estate Company LL License #91744-1 Listed on: 09/14/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,734

Lot Details

  • 6.68 Acre Lot
  • River Front
  • Property fronts a county road
  • Front Yard Fenced
  • Landscaped with Trees
  • Grass Covered Lot
  • Property is zoned R1

Property Views

  • River Views

Schools

  • Hollingers Island Elementary School
  • Katherine H Hankins Middle School
  • Theodore High School

Listing and Financial Details

  • Assessor Parcel Number 3217010006005008

Community Details

Overview

  • Rivers Edge East Subdivision

Recreation

  • Navigable River on Lot

Property Details

Property Type

Land

Est. Annual Taxes

$7,734

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Legal Description: LOT 1 RIVERS EDGE EAST SUBD MBK 63 PG 28 AND LOT 4 RIVERS EDGE EAST 1ST ADD MBK 83/101 #SEC 01 T5S R1W #MP32 17 01 0 006
  • Property Type: Land
  • MLS Status: Closed
  • Current Classification: Developed/Zoned Residential
  • Special Features: None
  • Property Sub Type: LotsLands

Property Details

  • Property: Res Developed Lots

Exterior Features

  • Fencing: Front Yard
  • View: River

Utilities

  • Security: Security Gate
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Subdivision Complex: RIVERS EDGE EAST

Schools

  • Elementary School: Hollingers Island
  • Middle School: Katherine H Hankins
  • High School: Theodore

Lot Info

  • Acres: 6.6800
  • Timber: Mixed
  • Land/Lot: 1
  • Current Zoning: R1
  • Lot Features: Navigable River On Lot
  • Parcel Number: 3217010006005008
  • Price Acre Dollar: 130988.02
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Tax Info

  • Taxes: 7734.00
  • Assessor Parcel Number: 32-17-01-0-006-005.008
  • Close Date: 2024-01-16
  • Tax Year: 2019

Multi Family

  • Waterfront Features: River Front

MLS Schools

  • Elementary School: Hollingers Island
  • High School: Theodore
  • Middle School: Katherine H Hankins

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2022
Closed on
Jan 15, 2024
Sold by
Cheap Lots Llc
Bought by
Castello Suzanne B
Seller's Agent
Cameron Weavil
Premier Real Estate Company LL
Buyer's Agent
Cameron Weavil
Premier Real Estate Company LL
List Price
$950,000
Sold Price
$875,000
Premium/Discount to List
-$75,000
-7.89%
Total Days on Market
481
Views
73
Current Estimated Value
$899,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,435
Avg. Annual Appreciation
0.74%

Purchase Details

Listed on
May 16, 2021
Closed on
Jun 25, 2021
Sold by
Pregeant Richard Joseph and Pregeant Valerie B
Bought by
Creep Lots Llc
Seller's Agent
Jamee Booth
Roberts Brothers West
Buyer's Agent
Cameron Weavil
Premier Real Estate Company LL
Sold Price
$1,325,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-14.96%

Purchase Details

Closed on
Oct 30, 2015
Sold by
Southside Properties Llc
Bought by
Castelin Alan G and Castelin Debora W

Purchase Details

Listed on
Jan 11, 2012
Closed on
Jan 10, 2012
Sold by
Cannon John D and Cannon Faye M
Bought by
Pregeant Richard Joseph and Pregeant Valerie B
Seller's Agent
Larry Hartley
Hartley Real Estate
Buyer's Agent
Larry Hartley
Hartley Real Estate
Sold Price
$1,309,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.87%
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
Castello Suzanne B $875,000 None Listed On Document
Creep Lots Llc $1,325,000 Alamo Title Company
Castelin Alan G $35,000 None Available
Pregeant Richard Joseph -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cannon John D $700,000
Previous Owner Meadows Zackie M $364,000
Previous Owner Cannon John D $300,000
Previous Owner Cannon John D $170,000
Previous Owner Cannon John D $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2024 01/16/24 Sold $875,000 -7.9% $165 / Sq Ft
01/08/2024 01/08/24 Pending -- -- --
09/14/2022 09/14/22 For Sale $950,000 -28.3% $179 / Sq Ft
06/25/2021 06/25/21 Sold $1,325,000 0.0% $185 / Sq Ft
06/25/2021 06/25/21 Sold $1,325,000 -26.2% $224 / Sq Ft
05/16/2021 05/16/21 Pending -- -- --
05/16/2021 05/16/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $1,796,000 +37.2% $304 / Sq Ft
01/11/2012 01/11/12 Sold $1,309,000 -- $187 / Sq Ft
01/11/2012 01/11/12 Pending -- -- --
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 $2,475 $51,040 $51,040 $0
2023 $5,432 $112,000 $112,000 $0
2022 $17,433 $359,440 $100,000 $259,440
2021 $7,105 $170,120 $50,000 $120,120
2020 $7,193 $172,230 $50,000 $122,230
2019 $7,734 $160,820 $50,000 $110,820
2018 $7,734 $160,840 $0 $0
2017 $7,616 $158,420 $0 $0
2016 $7,423 $154,440 $0 $0
2013 $6,332 $130,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 7114551

Gulf Coast MLS (Mobile Area Association of REALTORS®)

APN: 32-17-01-0-006-005.008