7 months on rocket

505 E Canal Dr, Gulf Shores, AL, 36542

$895,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
1,674 SqFt
$535/SqFt
House

Location

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505 E Canal Dr, Gulf Shores$895,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingSingle Garage, Automatic Garage Door
Year Built2000
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
FireplaceWood Burning
ViewIntracoastal Waterway
MLS #362053
Lot Size0.99 Acres
StatusActive

About 505 E Canal Dr

OPPORTUNITY KNOCKS!!!! Waterway Village Potential! .86 Acres perfectly located!! 8 separate parcels...3 lots in front of Canal Drive, 2 lots in front of E 24th Ave and E 4th Street (which offers access from 2 city streets and State Highway 180) and 3 sliver lots on the Intracoastal Waterway. Tremendous potential!! R-1-5 Zones property now consists of 1 single family residence, 1 approx. 812 sq ft detached garage, 1 approx. 1196 sq ft concrete block workshop /garage. 2 irrigation wells, large garden area with fruit trees. LOCATION LOCATION LOCATION! Buyer to verify all information during due diligence.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 2000
  • Stories: 1
  • Living Area: 1,674 SqFt

Listing Office:

  • Office Name: Swiger & Company
  • Office Email: swigerandcompany@gmail.com
  • Listing Agent: David & Angie Swiger Team

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Gas Range, Refrigerator, Washer, Gas Water Heater
  • Flooring Type: Tile, Vinyl, Wood, Other Floors-See Remarks
  • Interior: Ceiling Fan(s), Vaulted Ceiling(s)
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Intracoastal Waterway
  • Exterior: Porch, None

Parking Information:

  • Parking: Single Garage, Automatic Garage Door

Virtual/3D Tour

  • Virtual Tour: 505 E Canal Dr
Virtual Tour

Lot Features

Lot Information:

  • Lot: See Remarks
  • Lot Size: 0.99 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)

Other

Directions Information:

  • Directions: Off Highway 59, south Turn onto E 20th Ave, then turn left onto E 2nd Street, then right onto either E 24th Ave or Canal Drive, at 505 E Canal Drive

Price Information

Listing Price Info

Price Summary:

  • List Price: $895,000
  • Price Per SqFt: $535/SqFt

Tax Information:

  • Annual Amount: $1,311
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Gulf Shores, AL.

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Gulf Shores, AL

City

Med. Sold Price

$474K

Med. Price/SqFt

$315

Avg. Days On Market

16

# of Sold Homes

50

505 E Canal Dr vs Gulf Shores

225 DAYS ON ROCKET

+209 Days

$895,000

+$420.9K More

$535/SqFt

+$220 More

KEY TAKEAWAY

This property is $420.9K more than the Median Sold Price and $220/SqFt more than other homes in Gulf Shores, AL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Baldwin County
  • MLS Number: #362053

Listing Office:

  • Office Name: Swiger & Company
  • Office Email: swigerandcompany@gmail.com
  • Listing Agent: David & Angie Swiger Team

IDX Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 10:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,311$39,740
2019$1,296$39,300
2018$2,422$71,400
2017$2,241$67,920

History based on county public records data.

Payment Calculator

$4,534

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,750

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-112997
9
/10

  • Gulf Shores Elementary School

  • 1600 E 3rd St

  • 0.66 miles

  • Public District Grades PK-5

school-card-donut-112998
5
/10

  • Swift Elementary School

  • 6330 Bon Secour Hwy

  • 3.93 miles

  • Public District Grades KG-6

school-card-donut-112999
3
/10

  • Florence B. Mathis Elementary School

  • 600 W 9th Ave

  • 7.46 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,981. The majority of Gulf Shores, AL residents have income between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Gulf Shores, AL

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Gulf Shores, AL.

Gulf Shores offers a diverse array of housing options, with a significant portion of the market dedicated to single-family homes that exhibit a blend of coastal cottage, Mediterranean, and contemporary architectural styles. Condominiums and townhouses are also prevalent, particularly in areas closer to the beach, catering to those seeking a vacation home or investment property. The housing market is dynamic, with new developments and renovations reflecting the area's growth as a desirable coastal destination.

What is it like to live in Gulf Shores, AL?

Gulf Shores is celebrated for its laid-back beach town atmosphere and strong sense of community. The area prides itself on its pristine white sandy beaches and outdoor recreational activities, including the annual Shrimp Festival, which draws visitors and locals alike. The community is also known for its commitment to preserving natural habitats, with several wildlife reserves and state parks that offer a tranquil escape from the more developed areas.

Is it easy to get around Gulf Shores, AL without a car?

The community is served by a number of public schools, offering educational opportunities from elementary to high school levels, as well as private institutions that cater to various educational needs. Healthcare services are accessible, with facilities providing urgent care, primary care, and specialized medical services. The local library system supports lifelong learning with a range of programs and resources. Retail and dining options are abundant, with many establishments showcasing local seafood and southern cuisine, reflecting the Gulf Shores culture.

Transportation in Gulf Shores, AL.

Transportation in Gulf Shores includes a mix of private and public options. The Baldwin Regional Area Transit System (BRATS) provides public bus services catering to residents and tourists, with schedules that accommodate peak beach-going times. Ride-sharing services are available, enhancing mobility for those without personal vehicles. The area is bike-friendly, with several trails and dedicated lanes. Major roadways such as State Highway 59 and the Beach Express facilitate travel and commuting, with ongoing improvements to manage the growing traffic demands.

Frequently Asked Questions About 505 E Canal Dr

What is the listing price of this property?

The listing price of 505 E Canal Dr property is $895,000.

What type of property is this?

The property 505 E Canal Dr is a house located in Gulf Shores, Alabama, 36542.

Is this property for sale now?

Active Listing: 505 E Canal Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,311 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 505 E Canal Dr has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 505 E Canal Dr is 1,674 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 E Canal Dr is 2000.

Rocket Homes›Alabama›Baldwin County›Gulf Shores›36542›505 E Canal Dr

This home is located at 505 E Canal Dr in Gulf Shores, AL and zip code 36542. This 1,674 square foot home, which was built in 2000, sits on a 0.99 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 07, 2024 and is currently priced at $895,000.

While more than 1 listings in Gulf Shores, AL in November 2024 were sold above asking price, there were more than 5 listings sold at asking price, and more than 39 were sold below. The number of homes for sale in Gulf Shores, AL increased by 6.1% between October 2024 and November 2024. While the average time on the market in November 2024 was 16 days, the median list price was $474,083.

From Rocket Homes Real Estate and based on county public records data.

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