3 months on rocket

531 W Laurel Ave, Foley, AL, 36535

$739,000

Home List Price

$8,776*

Closing Credit

6 Bedrooms
6 Full Baths
3,743 SqFt
$197/SqFt
Multi

Location

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531 W Laurel Ave, Foley$739,000

Buyer Closing Credits

$8,776*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAttached, Three or More Vehicles
Year Built1925
HeatingOther
CoolingOther, Ceiling Fan(s)
MLS #367907
Lot Size0.59 Acres
StatusActive

About 531 W Laurel Ave

This charming six-plex, built in 1925, is a historical gem located just steps from Foley Downtown. With only four owners in nearly a century, this property sits on a little over half an acre. Currently operated as a 55+ community, it's consistently 100% occupied. Walking distance to Foley Elementary and Middle Schools, and downtown with all you need doctor's offices, vet clinic, restaurants, shops - you name it. South Baldwin Regional Medical Center, Police Department, Municipal Court, DMV, Riviera Utilities and more are located within 2 miles radius. The two-story building houses six units, each offering 1 bedroom and 1 bathroom and its own kitchen. Five units are on the main floor, while one occupies the upstairs level. All units come equipped with individual mini-split A/C systems. Coin laundry is available for common use. There's also a full basement, not in use by tenants, offering extra potential. Ample on-site parking is available for tenant convenience. Utilities are included in the tenant's monthly payments. The property underwent a renovation in 2018, with updated electrical, plumbing, sprinkler, and smoke detector systems, ensuring modern functionality in a historic setting. Buyer to verify all information during due diligence.

Property Details

Property Features

Property Information:

  • Year Built: 1925
  • Living Area: 3,743 SqFt

Listing Office:

  • Office Name: Ryals Realty Services, Inc
  • Office Email: allanikitina@ryalsrealty.com
  • Listing Agent: Alla Nikitina

Interior Features

Interior Information:

  • Appliances: Cooktop, Electric Range
  • Flooring Type: Laminate, Tile, Wood
  • Interior: Ceiling Fan(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Parking: Attached, Three or More Vehicles

Lot Features

Lot Information:

  • Lot Size: 0.59 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other, Ceiling Fan(s)

Other

Directions Information:

  • Directions: When headed Hwy 59 South, on the intersection of US Hwy 98 and 59 - take East towards West Laurel Ave. Property will be located on left hand side right before the St Margaret of Scotland Catholic Parish.

Price Information

Listing Price Info

Price Summary:

  • List Price: $739,000
  • Price Per SqFt: $197/SqFt

Tax Information:

  • Annual Amount: $2,136
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Foley, AL.

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Foley, AL

City

Med. Sold Price

$326.2K

Med. Price/SqFt

$179

Avg. Days On Market

41

# of Sold Homes

73

531 W Laurel Ave vs Foley

96 DAYS ON ROCKET

+55 Days

$739,000

+$412.7K More

$197/SqFt

+$18 More

KEY TAKEAWAY

This property is $412.7K more than the Median Sold Price and $18/SqFt more than other homes in Foley, AL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Baldwin County
  • MLS Number: #367907

Listing Office:

  • Office Name: Ryals Realty Services, Inc
  • Office Email: allanikitina@ryalsrealty.com
  • Listing Agent: Alla Nikitina

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, 9:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 05, 2018Home Sold
$352,900

Tax History

YEARPROP. TAXASSESSMENT
2020$2,136$64,740
2019$1,531$46,400
2018$1,189$36,060
2017$1,190$36,060

History based on county public records data.

Payment Calculator

$3,756

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,282

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-101043
4
/10

  • Foley Elementary School

  • 450 N Cedar St

  • 0.91 miles

  • Public District Grades KG-6

school-card-donut-101044
3
/10

  • Florence B. Mathis Elementary School

  • 600 W 9th Ave

  • 1.79 miles

  • Public District Grades KG-6

school-card-donut-101045
4
/10

  • Magnolia Elementary School

  • 1 Jaguar Loop

  • 4.13 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 $55,600. Residents of Foley, AL typically earn between $35k-100k each year. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Foley, 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 Foley, AL.

Foley's housing market offers a blend of residential options, with single-family homes being a significant portion of the landscape. Architectural styles vary, with a mix of traditional Southern designs, contemporary builds, and charming craftsman homes. The area has seen a steady growth in housing developments, particularly in the last few decades, reflecting a trend towards suburban expansion. The homeownership rate in Foley is robust, with a majority of residents owning their homes, while a smaller yet substantial segment of the population opts for rental opportunities.

What is it like to live in Foley, AL?

Foley is celebrated for its small-town charm and community-oriented atmosphere. The city prides itself on its local events, such as the annual Foley BBQ & Blues Cook-Off, which showcases the area's rich culinary traditions and vibrant community spirit. The city's parks and recreational facilities contribute to its family-friendly character, offering residents a peaceful and engaging environment.

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

The community is served by a number of educational institutions, including several public schools that cater to different age groups and a handful of private schools, some with religious affiliations, providing a range of educational options. Healthcare services are accessible, with facilities offering primary care, urgent care, and specialized medical services. Foley's retail and dining scenes reflect the local culture, with an array of shops and restaurants that cater to both residents and visitors. The city has taken steps to improve services, particularly in response to its growing population and evolving demographic needs.

Transportation in Foley, AL.

Foley's transportation infrastructure supports both private and public transit options. The city's layout is conducive to driving, with a network of roads connecting residents to nearby cities and attractions. Public transportation is available, with bus services operating on a set schedule, facilitating access to key areas within the city. Ride-sharing services are also active in Foley, providing additional transportation options. While the city is primarily car-dependent, there are areas with sidewalks and bike lanes that encourage walking and biking for short trips.

Rocket Homes›Alabama›Baldwin County›Foley›36535›531 W Laurel Ave

This home is located at 531 W Laurel Ave in Foley, AL and zip code 36535. This 3,743 square foot home, which was built in 1925, sits on a 0.59 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $739,000.

While more than 3 listings in Foley, AL in November 2024 were sold above asking price, there were more than 18 listings sold at asking price, and more than 44 were sold below. Between October 2024 and November 2024, Foley, AL real estate market has seen decrease in the number of listings by 1.4%. In November 2024, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $326,250.

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

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