NOT LISTED FOR SALE

577 Falling Water Blvd Fairhope, AL 36532

Estimated Value: $1,194,000 - $1,288,000

5 Beds
4.5 Baths
4,161 Sq Ft
$298/Sq Ft Est. Value

Last Sold April 01, 2024

Last sale price $1,225,000 $294 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $7,370/month

143 Days on Market

Highlights

  • FORTIFIED Gold
  • Pond
  • Wood Flooring
  • Fairhope Middle School Rated A
  • Traditional Architecture
  • Main Floor Primary Bedroom

About This Home

As of April 2024

MOVE IN READY and FABULOUS! The Waters at Fairhope. Gold Fortified. Whole home generator. Large, flat, fenced back yard. Separate dining room. Butler's Pantry. Office/study. Hardwood floors. These are just a few of the key terms used to describe this gorgeous, custom built five-bedroom, four-bathroom home. Favorite features include: exposed wood beams in the kitchen, a private guest suite on the main level, multi-functional drop zone/family hub, an oversized back porch with deck off of the primary suite, large rooms, ample storage and great natural light. The upstairs area is perfect for children or multi-generational living. This home is lovely in pictures, even better in person and checks so many boxes. Make it your home for the holidays!

Last Listed By

Shannon Hesse Smart

South Coast Properties Listed on: 11/10/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,543

Year Built

  • Built in 2017

Lot Details

  • 0.78 Acre Lot
  • Lot Dimensions are 128.9 x 303.5
  • Fenced
  • Few Trees

HOA Fees

  • $104 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Wood Frame Construction
  • Dimensional Roof
  • Ridge Vents on the Roof
  • Concrete Fiber Board Siding

Interior Spaces

  • 4,161 Sq Ft Home
  • 1.5-Story Property
  • High Ceiling
  • ENERGY STAR Qualified Ceiling Fan
  • Ceiling Fan
  • Wood Burning Fireplace
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Window Treatments
  • Living Room with Fireplace
  • Dining Room
  • Home Office

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Separate Shower

Home Security

  • Fire and Smoke Detector
  • Termite Clearance

Parking

  • Garage
  • Side or Rear Entrance to Parking
  • Automatic Garage Door Opener

Eco-Friendly Details

  • FORTIFIED Gold
  • Energy-Efficient Appliances

Outdoor Features

  • Pond
  • Front Porch

Location

  • Mineral Rights

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Power Generator
  • Tankless Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 46-02-03-0-000-004.022

Community Details

Overview

  • Association fees include management, common area insurance, common area maintenance
  • The Waters At Fairhope Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Community Gazebo

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,543

Year Built

Built in 2017

Lot Details

0

HOA Fees

$104 per month

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Wood Frame, Slab, Fortified-Gold
  • Construction Status: Resale
  • Flood Zone: X
  • Mineral Rights: Owner Conveys If Any
  • Property Amenities: Automatic Garage Door, Ceiling Fan(s), En-Suite, Fenced, High Ceilings, Internet, Irrigation Sprinkler, Termite Contract, Window Treatments, Porch-Back, Porch-Front
  • Property Type: Residential Detached
  • Restrictive Covenants: Yes
  • Style: Traditional
  • Zoning Area: Single Family Residence
  • Owners Association: Yes
  • Parcel Id Tax Id: 46-02-03-0-000-004.022
  • Year Built: 2017
  • Geo Subdivision: AL
  • Governing Municipality: Fairhope, Baldwin County
  • Living Room Group: Living Room
  • Property Legal Description: 128.9 X 303.5 IRR LOT 14 THE WATERS AT FAIRHOPE SUB SLIDE 2317-A B C D&E & AMENDED SLIDE 2340-A B C
  • Subdivsn Or Commnty: The Waters at Fairhope
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range-Gas, Refrigerator, Smoke Detector
  • Estimated Living Area: 4161
  • Bathrooms: 4
  • Bedroom 2: Dimensions: 14.'6 x 11'6, On Level: Main Level
  • Bedroom 3: Dimensions: 14 x 13'6, On Level: Main Level
  • Bedroom 4: Dimensions: 13'6 x 12'6, On Level: 2
  • Bedroom 5: Dimensions: 13'6 x 12, On Level: 2
  • Bedrooms: 5
  • Dining Area Type: Breakfast Area-Kitchen, Breakfast Bar, Separate Dining Room
  • Fireplace: Living Room, Woodburning
  • Floors: Tile, Wood
  • Half Bathrooms: 1
  • Kitchen: Dimensions: 16 x 11'6, On Level: Main Level
  • Living Room: Dimensions: 24 x 22, On Level: Main Level
  • Master Bed: Dimensions: 16 x 17'6, On Level: Main Level
  • Number Of Fireplaces: 1
  • Other Rooms: Office/Study
  • Price Per Sq Ft: 294.4
  • Property Interior Stories: 1.5
  • Primary Bedroom Bathroom Combo: Yes
  • Primary Bedroom Bathrooms: Double Vanity, Separate Shower, 1st Floor Primary, Walk In Closet, Private Water Closet

Exterior Features

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

Garage/Parking

  • Garage Parking: Double Garage, Side Entrance

Utilities

  • Heat Cooling: Central Electric, Central Electric (Cool)
  • Utilities: Gas-Natural, Sewage-City, Underground Utilities, Water Heater-Electric, Water-City, Fairhope Utilities, Generator Built In

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association Fees: 1250
  • Association Fees Include: Association Management, Common Area Insurance, Common Area Maintenance
  • Community Amenities: Gazebo

Fee Information

  • Transfer Fees: Yes

Schools

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

Lot Info

  • Estimated Lot Size: 0.779
  • Lot Block Unit: 14
  • Lot Description: Less Than 1 Acre, Some Trees, Elevation-High
  • Lot Size: 128.9 X 303.5

Green Features

  • Energy Saving Features: Ceiling Fan(s), Double Pane Windows, Energy Effic Appliances, Energy Star Windows, Ridge Vent, Tankless Water Heater

Rental Info

  • More Than2 Pets Allowed: Yes

Tax Info

  • Property Taxes: 3542.92
  • Assessor Parcel Number: 296715

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2023
Closed on
Apr 1, 2024
Sold by
Eschen Megan and Eschen William
Bought by
Mathis William C and Mathis William D
Seller's Agent
Shannon Hesse Smart
South Coast Properties
Buyer's Agent
Jennifer Peterson
Coastal Living Properties, LLC
List Price
$1,324,000
Sold Price
$1,225,000
Premium/Discount to List
-$99,000
-7.48%
Total Days on Market
143
Views
2081
Current Estimated Value
$1,240,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,111
Avg. Annual Appreciation
1.16%
Original Mortgage
$625,000
Outstanding Balance
$618,528
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$621,583

Purchase Details

Listed on
Sep 3, 2020
Closed on
Nov 5, 2020
Sold by
Chambers Richard Allan and Chambers Loni Ashley
Bought by
Eschen Megan and Eschen William
Seller's Agent
Michelle Beckham
Bellator Real Estate, LLC Beck
Buyer's Agent
NOT MULTIPLE LISTING
NOT MULTILPLE LISTING
Sold Price
$790,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.77%
Original Mortgage
$470,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2018
Sold by
Eckenstaler Tammy L
Bought by
Wilkes Nicholas Trent and Wilkes Lindsey Wilson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,000
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 25, 2016
Closed on
Dec 27, 2016
Sold by
Schulten Debroah L
Bought by
Chambers Loni Ashley
Seller's Agent
Sarah Hofferber
NextHome Gulf Coast Living
Buyer's Agent
Donna Cook
Baldwin County Properties, Inc
List Price
$99,000
Sold Price
$99,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.50%
Original Mortgage
$349,205
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 16, 2009
Sold by
The Sanctuary Llc
Bought by
Schulten Deborah L

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
Mathis William C $1,225,000 None Listed On Document
Eschen Megan $790,000 None Available
Wilkes Nicholas Trent $749,900 None Available
Chambers Loni Ashley -- None Available
Schulten Deborah L -- Rels
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mathis William C $625,000
Previous Owner Eschen William $150,000
Previous Owner Eschen Megan $470,000
Previous Owner Wilkes Nicholas Trent $449,000
Previous Owner Chambers Richard Allan $424,100
Previous Owner Chambers Loni Ashley $349,205
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2024 04/01/24 Sold $1,225,000 -5.7% $294 / Sq Ft
11/17/2023 11/17/23 Price Changed $1,299,000 -1.9% $312 / Sq Ft
11/10/2023 11/10/23 For Sale $1,324,000 +67.6% $318 / Sq Ft
11/06/2020 11/06/20 Sold $790,000 0.0% $190 / Sq Ft
11/06/2020 11/06/20 Sold $790,000 -1.1% $190 / Sq Ft
09/03/2020 09/03/20 Pending -- -- --
09/03/2020 09/03/20 Pending -- -- --
08/21/2020 08/21/20 Price Changed $799,000 -2.4% $192 / Sq Ft
07/24/2020 07/24/20 Price Changed $819,000 -0.6% $197 / Sq Ft
06/02/2020 06/02/20 Price Changed $824,000 -2.9% $198 / Sq Ft
04/23/2020 04/23/20 For Sale $849,000 +757.6% $204 / Sq Ft
12/28/2016 12/28/16 Sold $99,000 0.0% --
11/22/2016 11/22/16 Pending -- -- --
07/25/2016 07/25/16 For Sale $99,000 -- --
Source: Baldwin 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 $4,299 $94,440 $14,140 $80,300
2023 $4,207 $92,440 $15,380 $77,060
2022 $3,651 $80,340 $0 $0
2021 $3,543 $72,700 $0 $0
2020 $3,375 $73,380 $0 $0
2019 $3,046 $70,840 $0 $0
2018 $2,431 $56,540 $0 $0
2017 $1,075 $25,000 $0 $0
2016 $1,075 $25,000 $0 $0
2015 $1,075 $25,000 $0 $0
2014 $946 $22,000 $0 $0
2013 -- $20,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Baldwin REALTORS®

MLS Number: 354221

Baldwin REALTORS®

APN: 46-02-03-0-000-004.022