4 months on rocket

508 W 1st Ave, Gulf Shores, AL, 36542

$647,900

Home List Price

$7,694*

Closing Credit

2 Bedrooms
2 Full Baths
1,224 SqFt
$529/SqFt
House

Location

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508 W 1st Ave, Gulf Shores$647,900

Buyer Closing Credits

$7,694*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNone
Year Built1983
HeatingElectric, Central
FireplaceNone
MLS #366987
Lot Size0.14 Acres
StatusActive

About 508 W 1st Ave

Highly desirable Gulf Shores location with private beach home ready to rent or move in! Easy walk to beach access within 0.1 mile. Plenty of popular shops, restaurants, etc. surround the area and in walking distance. Gulf Shores Main Public Beach Area which hosts events such as Shrimp Festival, Hangout Fest, sports tournaments, etc. all within 0.5 mile walk! Fully furnished with 2 bedrooms and 2 full bathrooms. New bathroom remodel and new bedroom carpet 08/24. HVAC and water heater are 2021. Open concept with granite in the kitchen, stainless appliances, dining counter with barstools, dining area, and large deck space. Storage room under the home and outdoor shower. Metal roof. Has been used as a short term rental with proven rental income of over $70K/year. Owner is a licensed real estate agent. Buyer to verify all information during due diligence.

Property Details

Property Features

Property Information:

  • Architectural Style: Raised Beach
  • Year Built: 1983
  • Stories: 1
  • Living Area: 1,224 SqFt

Listing Office:

  • Office Name: Keller Williams AGC Realty-Da
  • Office Phone: (251) 716-6325
  • Listing Agent: Shonna Nance

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Flooring Type: Carpet, Tile
  • Interior: Breakfast Bar
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Porch, None

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Electric, Central

Other

Directions Information:

  • Directions: Head west on W. Beach Blvd. Turn right onto W 4th St. Turn left onto W 1st Ave. Property will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $647,900
  • Price Per SqFt: $529/SqFt

Tax Information:

  • Annual Amount: $742
  • 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

508 W 1st Ave vs Gulf Shores

120 DAYS ON ROCKET

+104 Days

$647,900

+$173.8K More

$529/SqFt

+$214 More

KEY TAKEAWAY

This property is $173.8K more than the Median Sold Price and $214/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: #366987

Listing Office:

  • Office Name: Keller Williams AGC Realty-Da
  • Office Phone: (251) 716-6325
  • Listing Agent: Shonna Nance

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: 12/23/2024, 1:21:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 26, 2021Home Sold
$484,910

Tax History

YEARPROP. TAXASSESSMENT
2020$742$22,480
2019$729$22,100
2018$655$19,860
2017$586$17,760

History based on county public records data.

Payment Calculator

$3,301

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,009

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-1197975
9
/10

  • Gulf Shores Elementary School

  • 1600 E 3rd St

  • 1.79 miles

  • Public District Grades PK-5

school-card-donut-1197976
5
/10

  • Swift Elementary School

  • 6330 Bon Secour Hwy

  • 5.06 miles

  • Public District Grades KG-6

school-card-donut-1197977
3
/10

  • Florence B. Mathis Elementary School

  • 600 W 9th Ave

  • 9.51 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 $65,303. The majority of Gulf Shores, AL residents have income between $35k-100k annually. Typical family type is married, no kids. 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 508 W 1st Ave

What is the listing price of this property?

The listing price of 508 W 1st Ave property is $647,900.

What type of property is this?

The property 508 W 1st Ave is a house located in Gulf Shores, Alabama, 36542.

Is this property for sale now?

Active Listing: 508 W 1st Ave 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 $742 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 26, 2021 for $484,910. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 508 W 1st Ave has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 508 W 1st Ave is 1,224 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 508 W 1st Ave is 1983.

Rocket Homes›Alabama›Baldwin County›Gulf Shores›36542›508 W 1st Ave

This home is located at 508 W 1st Ave in Gulf Shores, AL and zip code 36542. This 1,224 square foot home, which was built in 1983, sits on a 0.14 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 25, 2024 and is currently priced at $647,900.

Gulf Shores, AL housing market in November 2024 saw over 1 listings sold above listed price, more than 5 sold at listed price and over 39 sold below. The number of listings in Gulf Shores, AL increased by 6.1% between October 2024 and November 2024. In November 2024, listings were on the market for 16 days. During the same period, the median list price in this real estate market was $474,083.

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

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