DEVELOPMENT POTENTIAL! Multiple development opportunities for this 20 acre parcel with two ponds. Conveniently located right off of County Road 12 and minutes to shopping, dining, and entertainment. The Gulf of Mexico, Weeks Bay and Bon Secour Bay are only a short drive away! With 663 road frontage on Sherman Road, this property is currently zoned for multiple development options through Rural Agricultural. The adjacent land is zoned RSF-3. The property features a 1200 sf mobile home, three outbuildings, including a 16' x 12' storage building, a 21' x 61' barn with three spacious bays, and a 30' x 40' metal building that was constructed in 2015 to withstand wind speeds of 145+ MPH. The metal building sits on a concrete slab, offering a 14' overhang, two bays, and a climate-controlled storage room. In addition to its structural features, the property is fully fenced for cattle with two expansive pastures. Located in Flood Zone X with City Water. All buildings, including mobile home, are sold as-is. Buyer to verify all information during due diligence.
Property Details
Property Features
Listing Office:
Office Name: Coastal Leaders Realty Group
Office Phone: (251) 589-7815
Listing Agent: Gloria Crump
Exterior Features
Exterior Information:
Waterfront: Pond, Other
View: Other
Exterior: Barn(s)
Lot Features
Lot Information:
Lot: Level, Few Trees, See Remarks
Lot Size: 20.00 Acres
Other
Directions Information:
Directions: Driving north on Highway 59, turn left / west onto County Road 12. Drive approx 4.5 miles and turn left/ south onto Sherman Road. The property is approximately a half of mile on the left.
Price Information
Listing Price Info
Price Summary:
List Price: $799,900
Tax Information:
Annual Amount: $698
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Foley, AL.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$4,060
Per Month
Principal & Interest
$3,993
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,465
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Swift Elementary School
6330 Bon Secour Hwy
Distance between this listing and this school2.85 miles
Public District Grades KG-6
3
/10
Florence B. Mathis Elementary School
600 W 9th Ave
Distance between this listing and this school4.53 miles
Public District Grades KG-6
4
/10
Magnolia Elementary School
1 Jaguar Loop
Distance between this listing and this school4.95 miles
Public District Grades KG-6
Nearby Schools
3
/10
Foley Middle School
200 N Oak St
Distance between this listing and this school5.74 miles
Public District Grades 7-8
9
/10
Gulf Shores Middle School
450 E 15th Ave
Distance between this listing and this school7.24 miles
Public District Grades 6-8
4
/10
Summerdale Elementary School
400 E Broadway St
Distance between this listing and this school10.35 miles
Public District Grades KG-8
Nearby Schools
6
/10
Foley High School
1 Pride Pl
Distance between this listing and this school4.63 miles
Public District Grades 9-12
6
/10
Elberta High School
13355 Main St
Distance between this listing and this school10.58 miles
Public District Grades 9-12
9
/10
Fairhope High School
18800 Greeno Rd
Distance between this listing and this school12.75 miles
The neighbors living near this home have an average income of $43,947. The majority of Foley, AL residents have income between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have high school diploma 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.
What are the common housing types 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 are the advantages of living 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.
Are essential services in Foley, AL convenient?
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.
How do Foley, AL residents get around?
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.
Frequently Asked Questions About 8622 Sherman Rd
What is the listing price of this property?
The listing price of 8622 Sherman Rd property is $799,900.
What type of property is this?
The property 8622 Sherman Rd is land located in Foley, Alabama, 36535.
Is this property for sale now?
Active Listing: 8622 Sherman Rd 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 $698 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on April 22, 2021 for $315,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 8622 Sherman Rd in Foley, AL and zip code 36535. This home sits on a 20.00 acre lot. It has been listed on Rocket Homes since June 28, 2024 and is currently priced at $799,900.
While more than 6 listings in Foley, AL in October 2024 were sold above asking price, there were more than 30 listings sold at asking price, and more than 44 were sold below. Between September 2024 and October 2024, Foley, AL real estate market has seen increase in the number of listings by 9.3%. In October 2024, listings were on the market for 89 days. During the same period, the median list price in this real estate market was $322,835.
From Rocket Homes Real Estate and based on county public records data.