531 W Laurel Avenue, Foley, AL 36535
None · Baldwin County
Key Facts
Description
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 Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1925
Living Area
3,743 sq ft
Lot Size
0.59 acres
Lot Dimensions
140 x 185
Ownership
Whole/Full
MLS® Listing#
367907
Property Features
Interior
Appliances
Cooling
Heating
Flooring
Parking
Laundry
Construction
Roof
Security
Community
Sewer
Water Source
Schools
- Elementary:
- Foley Elementary
- Middle:
- Foley Middle
- High:
- Foley High
Financial Details
HOA
None
Annual Taxes
$2,953
Parcel Number
055409293000005.002
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.
Affordability Calculator
$135,800
Estimated monthly payment
$3,614/mo
Principal $543,200 · Est. interest $757,812 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Foley, AL
- $328,159
- Median Listing Price
- 61
- Median Days on Market
- 1,816
- Median Sq Ft
- $188
- Median Price / Sq Ft
- 373
- Active Listings
- This home’s price is 107% above the area median.
- Its price per sq ft is 3% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Foley, AL.
Location
Points of Interest in Foley, AL
Showing the Foley area map.
Nearby Schools
Foley Elementary School
Elementary · 0.3 mi away
Foley Middle School
Secondary · 0.3 mi away
Foley Intermediate School
School · 1.4 mi away
Mathis Elementary
Elementary · 1.4 mi away
Daphne High School
Secondary · 1.5 mi away
Foley High School
Secondary · 1.7 mi away
Magnolia School
Elementary · 3.1 mi away
St Benedict School
School · 5.6 mi away
Summerdale School
Elementary · 5.6 mi away
South Baldwin Christian Academy
School · 5.6 mi away
Good Shepherd Lutheran School
School · 5.7 mi away
Elberta Middle School
Secondary · 5.8 mi away
Swift Elementary School
Elementary · 6.5 mi away
Elberta Elementary School
Elementary · 6.6 mi away
Robertsdale High School
Secondary · 9.3 mi away
Ob Conservatory of Fine Arts
School · 9.3 mi away
Orange Beach Middle & High School
Secondary · 9.3 mi away
Gulf Shores City Schools
School · 9.5 mi away
Gulf Shores Elementary School
Elementary · 9.5 mi away
Gulf Shores High School
Secondary · 9.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 12521 Hunters Chase, Foley, AL | $495,000 | 5 | 2 | 2,790 |
| 16566 Tyson Drive, Foley, AL | $525,000 | 6 | 3 | 3,500 |
| 2081 Bourbon Street, Foley, AL | $534,900 | 5 | 3 | 3,050 |
| 8827 Calverton Street, Foley, AL | $574,000 | 5 | 3 | 3,147 |
| 9893 Carnoustie Court, Foley, AL | $579,900 | 5 | 3 | 3,076 |
| 219 W Rosetta Avenue, Foley, AL | $599,000 | 5 | 3 | 2,983 |
Moving Cost Estimate
EXIT Agents in Foley
Listing Courtesy: Ryals Realty, Inc - allanikitina@ryalsrealty.com
The information being provided is 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 or renting.