NOT LISTED FOR SALE

7 Molokai Ln Fairhope, AL 36532

Point Clear Neighborhood

Estimated Value: $1,482,000 - $2,777,000

5 Beds
4 Baths
3,084 Sq Ft
$673/Sq Ft Est. Value

Last Sold January 16, 2018

Last sale price $1,300,000 $422 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $11,297/month

Highlights

  • Docks
  • Boat Lift
  • Gated Community
  • Fairhope West Elementary School Rated A-
  • Property Fronts a Bay or Harbor
  • Wood Burning Stove

About This Home

As of January 2018

A picturesque southern bay front home full of charm and elegance, framed by 2 magnificent grand old oak trees with gorgeous views of the water from every level. Nestled between Downtown Fairhope and the Grand Hotel make it an easy walk to many local favorite restaurants and shops. The interior of this 5 bedroom 4 bath home has been completely repainted and updated w soaring cathedral beaded board ceilings, open floor plan, marble staircase and hardwood floors. You can spend hours on either the upstairs or downstairs porches getting lost in the beauty of the moment or enjoy the afternoons playing on your private beach. The shared pier has personal boat slips and an oversized wharf perfect for fishing, boating, swimming or just relaxing with neighbors, family and or your closest friends. Come share a sunset with us and visit 7 Molokai Lane.

Last Agent to Sell the Property

Laura R. Norton

Wise Living Real Estate, LLC License #88202 Listed on: 11/02/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,237

Year Built

  • Built in 1983

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 62.74x228.13
  • Property Fronts a Bay or Harbor
  • Fenced

Home Design

  • Cottage
  • Wood Siding

Interior Spaces

  • 3,084 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Stove
  • Gas Log Fireplace
  • Family Room
  • Breakfast Room
  • Den
  • Eat-In Kitchen

Flooring

  • Wood
  • Stone
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 4 Full Bathrooms
  • Whirlpool Bathtub
  • Separate Shower in Primary Bathroom

Outdoor Features

  • Boat Lift
  • Docks
  • Front Porch

Schools

  • Fairhope East Elementary School
  • Fairhope Middle School
  • Fairhope High School

Community Details

  • Molokai Village Subdivision
  • Gated Community

Listing and Financial Details

  • Assessor Parcel Number 4506244000006000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,237

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Legal Description: 35.7 X 228.3 IRR LOT 7 MOLOKAI VILLAGE SEC 24 LESS & EXCEP T THE N 2 OF SAID LOT 7 BUT WITH A 1 7 INT IN THE S 2 OF L OT 6 & THE N 2 OF LOT 7 MOLOKAI VILLAGE & A 1 7 INT IN MOLO KAI BEACH SEC 24-T6S-R1E (WD) IN#1312631
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cottage
  • Property Condition: Resale
  • Year Built: 1983
  • Levels Stories: Three Or More
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Ceramic Tile, Hardwood, Marble, Stone
  • Fireplace Features: Gas Log, Wood Burning Stove
  • Number Of Fireplaces: 1
  • Interior Amenities: High Ceilings 9 ft Main, Vaulted, Walk-In Closet(s), Wet Bar
  • Kitchen Features: Breakfast Room, Eat-in Kitchen
  • Common Walls: No Common Walls
  • Additional Rooms: Den, Family Room, Other
  • Square Footage: 3084.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 5
  • Bedroom Features: Master on Main, Split Bedroom Plan
  • Total Bathrooms: 4
  • Total Full Baths: 4
  • Master Bathroom Features: Separate Tub/Shower, Soaking Tub, Whirlpool Tub

Exterior Features

  • Construction Materials: Wood Siding
  • Fencing: Fenced
  • Patio And Porch Features: Front Porch, Rear Porch
  • Foundation: None

Utilities

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

Condo/Co-op/Association

  • Community Features: Gated
  • Subdivision Complex: MOLOKAI VILLAGE

Schools

  • Elementary School: Fairhope East
  • Middle School: Fairhope
  • High School: Fairhope

Lot Info

  • Acres: 0.3200
  • Lot Dimensions: 62.74X228.13
  • Parcel Number: 4506244000006000
  • Price Acre Dollar: 4062500.00
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Rental Info

  • Deposit Required: None

Tax Info

  • Assessor Parcel Number: 45-06-24-4-000-006.000
  • Close Date: 2018-01-16

Multi Family

  • Waterfront Features: Bay Front

MLS Schools

  • Elementary School: Fairhope East
  • High School: Fairhope
  • Middle School: Fairhope

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2022
Sold by
Cassie C Steele Revocable Trust
Bought by
Cassie C Steele Trust
Current Estimated Value
$2,075,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$957,634
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$1,117,397

Purchase Details

Closed on
Sep 8, 2022
Sold by
Steele Cassie Champlin
Bought by
Cassie Champlin Steele Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$957,634
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$1,117,397

Purchase Details

Closed on
Jul 5, 2021
Sold by
Sllivan Joseph Charles and Estate Of Cassie Champlin Stre
Bought by
Sllivan Joseph Charles and The Cassie C Steel Trust

Purchase Details

Closed on
Nov 16, 2011
Sold by
Feltrust Llc
Bought by
Emge Dale E and Koppen Kristin K
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cassie C Steele Trust $717,600 --
Cassie Champlin Steele Trust -- --
Sllivan Joseph Charles -- None Available
Emge Dale E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cassie C Steele Trust $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/16/2018 01/16/18 Sold $1,300,000 0.0% $422 / Sq Ft
01/16/2018 01/16/18 Sold $1,300,000 -3.7% $422 / Sq Ft View Prior Sale
11/02/2017 11/02/17 Pending -- -- --
11/02/2017 11/02/17 Pending -- -- --
01/23/2017 01/23/17 For Sale $1,350,000 -- $438 / 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 $5,237 $168,600 $99,740 $68,860
2023 $5,153 $166,220 $98,140 $68,080
2022 $4,450 $143,540 $0 $0
2021 $3,227 $131,940 $0 $0
2020 $3,066 $125,900 $0 $0
2019 $2,610 $122,260 $0 $0
2018 $6,738 $240,660 $0 $0
2017 $6,484 $231,560 $0 $0
2016 $2,740 $97,840 $0 $0
2015 -- $98,800 $0 $0
2014 -- $96,580 $0 $0
2013 -- $98,160 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Laura R. Norton

    Seller's Agent in 2018

    Laura R. Norton

    Wise Living Real Estate, LLC

    (251) 422-3300

    4 in this area

    34 Total Sales

    Laura R. Norton
    Section Image
  • Rance Reehl

    Seller's Agent in 2018

    Rance Reehl

    Coldwell Banker Reehl Prop Fairhope

    (251) 454-2111

    39 in this area

    294 Total Sales

    Rance Reehl
    Section Image
  • Michelle Beckham

    Buyer's Agent in 2018

    Michelle Beckham

    Bellator Real Estate, LLC Beck

    (251) 626-4796

    11 in this area

    297 Total Sales

    Michelle Beckham
    Section Image
See All Agents

Map

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

MLS Number: 0541314

Gulf Coast MLS (Mobile Area Association of REALTORS®)

APN: 45-06-24-4-000-006.000

Alabama Baldwin County Fairhope 36532 Point Clear

7 Molokai Ln, Fairhope, AL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.

Nearby Homes