NOT LISTED FOR SALE

1602 Alabama Dr Unit 403 Winter Park, FL 32789

Estimated Value: $579,000 - $992,000

2 Beds
2 Baths
1,016 Sq Ft
$850/mo HOA Fee

Last Sold February 12, 2019

Last sale price $340,000 $335 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $5,791/month

56 Days on Market

Highlights

  • 260 Feet of Waterfront
  • Boat Dock
  • Fitness Center
  • Winter Park High Rated A+
  • Boat Slip Deeded
  • Oak Trees

About This Home

As of February 2019

This penthouse unit at The Alabama is available for the first time since the original hotel-to-condo conversion was completed in 1981. Originally three units combined in one residence, it can easily be split back into two units; with tremendous potential to remodel and personalize the layout and features a buyer desires. Offering scenic and tranquil views of Lake Maitland and The Alabama's beautiful expansive grounds, the building has a lakefront dock with boat slips available on Lake Maitland (Chain of Lakes). The unit also comes with one assigned covered parking space. There is a community clubhouse and wonderful pool area. The building is in close proximity to Kraft Azalea Gardens on Lake Maitland and downtown Winter Park as well as Park Avenue shops and restaurants. This is truly a one-of-a-kind complex and opportunity in a premier location.

Last Listed By

Mick Night

PREMIER SOTHEBY'S INTL. REALTY License #525290 Listed on: 12/03/2018

PREMIER SOTHEBY'S INTL. REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,389

Year Built

  • Built in 1921

Lot Details

  • 260 Feet of Waterfront
  • Lake Front
  • Property fronts a lake that is connected to a chain of lakes
  • End Unit
  • Fenced
  • Mature Landscaping
  • Irrigation
  • Street paved with bricks
  • Oak Trees

HOA Fees

  • $850 Monthly HOA Fees

Home Design

  • Spanish Architecture
  • Slab Foundation
  • Tile Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,016 Sq Ft Home
  • 4-Story Property
  • French Doors
  • Inside Utility
  • Chain Of Lake Views
  • Built-In Oven

Flooring

  • Wood
  • Brick
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Carport Space
  • Assigned Parking

Pool

  • In Ground Pool
  • Gunite Pool

Outdoor Features

  • Access To Chain Of Lakes
  • Access To Lake
  • Water Skiing Allowed
  • Boat Slip Deeded
  • Deck
  • Covered patio or porch
  • Exterior Lighting
  • Rain Gutters

Location

  • City Lot

Schools

  • Lakemont Elementary School
  • Maitland Middle School
  • Winter Park High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, maintenance structure, ground maintenance, maintenance repairs, manager, recreational facilities, sewer, trash, water
  • High-Rise Condominium
  • Alabama Condo Subdivision
  • The community has rules related to deed restrictions

Amenities

  • Elevator

Recreation

  • Boat Dock
  • Community Boat Slip
  • Recreation Facilities
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets up to 35 lbs
  • 1 Pet Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,389

Year Built

Built in 1921

Lot Details

0

HOA Fees

$850 per month

Listing Details

  • HOA Fee Includes: Community Pool, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Spanish/Mediterranean
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1016
  • Lot Size Acres: 3.29
  • New Construction: No
  • Year Built: 1921
  • Building Area Total: 1016
  • Lot Size Sq Ft: 143198
  • Directions to Property: Take Palmer East from Park Ave to The Alabama entrance, go left to building and it's the 1602 side of the building.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=O5749521&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=O5749521&cview=true&show_results=true&customer_portal=true
  • Floor Number: 4
  • Homestead Y N: Yes
  • Number Of Pets: 1
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: Corner Unit, High Rise
  • Ratio: Close Price\List Price: 0.86076
  • Price per Sq Ft: 334.65
  • Close to Original List Price Ratio: 0.86076
  • Ratio: Current Price\Building Area Total: 334.65
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Estimated
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Brick/Stone, Ceramic Tile, Hardwood
  • Full Bathrooms: 2
  • Interior Amenities: Other
  • Appliances Included: Built-In Oven, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 4
  • Street Number Modifier: 1602
  • Room Count: 4
  • Additional Rooms: Inside Utility
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Pool Features: Gunite, In Ground
  • Exterior Features: Fenced, French Doors, Irrigation System, Lighting, Rain Gutters
  • Roof: Built-Up, Tile
  • Pool Private: No
  • View: Water
  • Water Body Name: Lake Maitland
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Road Surface Type: Street Brick
  • Water View: Lake, Lake - Chain of Lakes
  • Water Access: Lake, Lake - Chain of Lakes
  • Water Extras: Dock - Slip Deeded On-Site, Skiing Allowed
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12095C0255F
  • Waterfront Frontage: 260
  • Water Frontage Feet Lake: 130
  • Water Frontage Feet Lake Chain: 130

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Assigned, Covered, Guest
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Public, Street Lights
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Public Remarks Required: One or more photo(s) has been virtually staged.
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fitness, Pool, Water Access
  • Association Amenities: Boat Slip, Boat Dock, Elevator(s), Fitness Center, Recreation Facilities
  • Association Fee: 850
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Senior Community: No
  • Condo Land Included Y N: No
  • Amenities Additional Fees: Condo fees include building exterior, roof, pool, grounds, insurance, maintenance & repairs, trash removal, water/sewer, manager. Boat slips are available on a 1st come basis for $750/year and there is availability (canoe/kayak rack also available)
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 10200
  • Monthly HOA Fee: 850
  • Total Monthly Fees: 850

Schools

  • Elementary School: Lakemont Elem
  • High School: Winter Park High
  • Middle Or Junior School: Maitland Middle

Lot Info

  • Zoning: PURD
  • Parcel Number: 1602 ALABAMA DR, #403
  • Additional Parcels: No
  • Lot Features: City Lot, Sidewalk
  • Flood Zone Code: X
  • Flood Zone Date: 2009-09-25
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 35
  • Pet Restrictions: Verify pet restrictions with HOA
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 3389
  • Tax Block: 00
  • Tax Book Number: 6-7
  • Tax Lot: 403

Multi Family

  • Waterfront Features: Lake, Lake - Chain of Lakes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2021
Sold by
Whitton Rachel E and Whitehouse Rachel
Bought by
Whitehouse Benjamin and Whitehouse Rachel
Total Days on Market
56
Current Estimated Value
$767,387

Purchase Details

Listed on
Dec 3, 2018
Closed on
Feb 12, 2019
Sold by
Mandell Robert A and Mandell Robert A
Bought by
Whitton Rachel E
Seller's Agent
Mick Night
PREMIER SOTHEBY'S INTL. REALTY
Buyer's Agent
John Harbuck
FANNIE HILLMAN & ASSOCIATES
List Price
$395,000
Sold Price
$340,000
Premium/Discount to List
-$55,000
-13.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.01%

Range of Values:

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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
Whitehouse Benjamin -- Accommodation
Whitton Rachel E $340,000 Attorney
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2019 02/12/19 Sold $340,000 -13.9% $335 / Sq Ft
01/28/2019 01/28/19 Pending -- -- --
12/03/2018 12/03/18 For Sale $395,000 -- $389 / Sq Ft
Source: Stellar MLS

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 $7,994 $581,203 -- --
2023 $7,994 $548,372 $0 $0
2022 $7,615 $532,400 $106,480 $425,920
2021 $6,924 $501,145 $100,229 $400,916
2020 $5,498 $357,000 $71,400 $285,600
2019 $5,825 $357,000 $71,400 $285,600
Source: Public Records

Agents Affiliated with this Home

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Source: Stellar MLS

MLS Number: O5749521

Stellar MLS

APN: 30-2131-8624-00-403