NOT LISTED FOR SALE

747 Colony Dr Fairhope, AL 36532

Estimated Value: $1,190,000 - $1,355,000

4 Beds
3.5 Baths
3,670 Sq Ft
$345/Sq Ft Est. Value

Sale Details

Date Sold: August 18, 2023

Last sale price $1,138,763 $310 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $7,878 / mo

Highlights

  • Golf Course Community
  • Lazy River
  • Gated Community
  • Fairhope East Elementary Rated 10
  • New Construction
  • Waterfront

About This Home

As of August 2023

For comps only - Presold, Lake Plan 4, on golf course and small lake

Last Agent to Sell the Property

Walter Billups

The Colony at the Grand Realty Listed on: 08/18/2023

Last Buyer's Agent

Walter Billups

The Colony at the Grand Realty Listed on: 08/18/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,110

Year Built

  • Built in 2023 | New Construction

Lot Details

  • Lot Dimensions are 65 x 125
  • Waterfront
  • Interior Lot

HOA Fees

  • $768 Monthly HOA Fees

Home Design

  • Cottage
  • Slab Foundation
  • Wood Frame Construction
  • Dimensional Roof
  • Composition Roof
  • Concrete Fiber Board Siding

Interior Spaces

  • 3,670 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • 1 Fireplace
  • Living Room
  • Property Views

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Garden Bath
  • Separate Shower

Home Security

  • Fire and Smoke Detector
  • Termite Clearance

Parking

  • Attached Garage
  • Golf Cart Garage

Eco-Friendly Details

  • FORTIFIED Gold

Outdoor Features

  • Pond
  • Rear Porch

Schools

  • Fairhope West Elementary School
  • Fairhope High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Tankless Water Heater
  • Gas Water Heater
  • Grinder Pump
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 054609300000078.263

Community Details

Overview

  • Battles Trace At The Colony Subdivision

Recreation

  • Golf Course Community
  • Tennis Courts
  • Lazy River
  • Community Indoor Pool

Additional Features

  • Sauna
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,110

Year Built

Built in 2023 | New Construction

Lot Details

0.31 Acres

HOA Fees

$768 per month

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Wood Frame, Slab, Fortified-Gold
  • Construction Status: New Construction
  • Property Amenities: En-Suite, High Ceilings, Internet, Irrigation Sprinkler, Termite Contract, Porch-Back
  • Property Type: Residential Detached
  • Style: Cottage
  • View: Eastern View
  • Parcel Id Tax Id: 054609300000078.263
  • Year Built: 2023
  • Geo Subdivision: AL
  • Living Room Group: Living Room
  • Property Legal Description: Lot 259 of Phase 7 of Battles Trace at the Colony at the Grand
  • Subdivsn Or Commnty: Battles Trace at The Colony
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range-Gas, Refrigerator W/Ice Maker, Smoke Detector
  • Estimated Living Area: 3670
  • Bathrooms: 3
  • Bedroom 2: Dimensions: 15x15, On Level: Lower Level
  • Bedroom 3: Dimensions: 12x13, On Level: Lower Level
  • Bedroom 4: Dimensions: 12 x 13, On Level: Lower Level
  • Bedrooms: 4
  • Dining Area: Dimensions: 21x18, On Level: 2
  • Elevators: 1
  • Floors: Carpet, Wood
  • Half Bathrooms: 1
  • Kitchen: Dimensions: 18x12, On Level: 2
  • Living Room: Dimensions: 20x25, On Level: 2
  • Master Bed: Dimensions: 20x17, On Level: 2
  • Number Of Fireplaces: 1
  • Price Per Sq Ft: 310.29
  • Property Interior Stories: 2
  • Primary Bedroom Bathroom Combo: Yes
  • Primary Bedroom Bathrooms: Double Vanity, Garden Tub, Separate Shower, Walk In Closet, Private Water Closet

Exterior Features

  • Exterior Finish: Concrete Board
  • Roof: Composition Shingle, Dimensional
  • Water Property Type: Pond

Garage/Parking

  • Garage Parking: Attached, Double Garage, Golf Cart

Utilities

  • Heat Cooling: Central Electric (Cool), Heat Pump, Heat Pump (Cool), Zoned
  • Utilities: Gas-Natural, Grinder Pump, Sewage-City, Underground Utilities, Water Heater-Gas, Water Heater-Tankless, Water-City, Fairhope Utilities, Riviera Utilities

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association Fees: 768
  • Community Amenities: Pool - Indoor, Pool - Outdoor, Pets - Allowed, Steam/Sauna, Tennis/Racquetball, Gated, Golf Course, Lazy River

Lot Info

  • Lot Block Unit: Lot 259
  • Lot Description: Less Than 1 Acre, Inside Lot, Waterfront
  • Lot Size: 65 x 125

Tax Info

  • Property Taxes: 5110
  • Assessor Parcel Number: 389745

MLS Schools

  • Elementary School: Fairhope West Elementary
  • HighSchool: Fairhope High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2023
Closed on
Aug 17, 2023
Sold by
Emp Retirement System and Teachers Retirement System/Al
Bought by
Reed Michael and Reed Amy R
Seller's Agent
Walter Billups
The Colony at the Grand Realty
Buyer's Agent
Walter Billups
The Colony at the Grand Realty
List Price
$1,138,763
Sold Price
$1,138,763
Views
7
Current Estimated Value
$1,265,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,195
Avg. Annual Appreciation
4.06%
Original Mortgage
$650,000
Outstanding Balance
$631,311
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$634,647
Source: Public Records
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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
Reed Michael $1,138,763 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reed Michael $650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2023 08/18/23 Sold $1,138,763 0.0% $310 / Sq Ft
08/18/2023 08/18/23 For Sale $1,138,763 -- $310 / Sq Ft
Source: Baldwin REALTORS®

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
2025 $4,770 $104,680 $22,600 $82,080
2024 $4,692 $102,980 $22,200 $80,780
2023 $0 $15,000 $15,000 $0
2022 $0 $10,000 $0 $0
2021 $0 $20,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Baldwin REALTORS®

MLS Number: 350438

Baldwin REALTORS®

APN: 46-09-30-0-000-078.263

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