$589,000
Estimated Payment$2,782/mo
Multi-Family For SalePrice Drop -$51,000

531 W Laurel Avenue, Foley, AL 36535

6Beds
6Baths
3,743Sq. Ft.
Multi-Family Home In Foley

Rare Upscale / Historic 6 Plex Downtown Foley Built in 1917 by a successful Foley businessman, this large historic home was gently converted into a 6-Plex apartment with fully updated electrical and plumbing, and even sprinkler system. The property is currently operated as a 55+ only apartment complex. Always fully occupied. And in impeccable condition. Rare opportunity, as this property has only changed hands 4 times in 100 years. Ideally located less than 1 mile from the hospital and most city services. And less than 2 miles from the mall and Walmart.

531 W Laurel Avenue is a multi family-home located in Baldwin, the 36535 ZIP Code, and the Foley Elementary School, Foley Middle School, and Foley High School attendance zones.

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531 W Laurel Avenue
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Location
531 W Laurel Avenue Foley, AL 36535
Home Details

Interior Details

General

  • Flooring: Laminate, Tile, Wood
  • Appliances: Cooktop, Range Electric

Utilities

  • Utilities: Gas Natural, Satellite, Sewage City

    Rooms

    • Full Bathrooms: 6
    • Kitchen Level: Main Level
    • Living Room Level: Main Level
    • Primary Bedroom Level: Main Level

    Financial Details

    Tax Details

    • Annual Tax Amount: 2255

      HOA

      • Association Amenities: Porch Screened

        Property Details

        Construction Details

        • Architectural Style: Multi Story
        • Construction Materials: Brick
        • Roof: Metal, Tile

        General

        • Stories: 2

          Location Details

          General

          • Waterfront Features: No Waterfront

            View

            • View Details: None Not Applicable

              Region

              • City/Region: Foley 2

                MLS Details

                General

                • Days on Homes.com: 267
                • MLS Number: 322869
                • Listed: 11/15/2021
                • Last Updated: 8/4/2022
                • Listing Source: Baldwin County Association of Realtors® Inc
                Monthly Payment Calculator

                $2,782

                Estimated Mortgage
                Principal & Interest
                $1,987
                Insurance
                $206
                Taxes
                $589
                Mortgage Insurance
                $0
                i
                Include PMI: Private Mortgage Insurance (PMI) is required by lenders if the down payment is less than 20% of the home price. It is recommended to include this field if your down payment is less than 20% of the home price.
                i
                If you or your spouse are active or retired military you may be eligible for special VA loan programs for veterans. The VA loan programs include benefits like no down payment and no private mortgage insurance (PMI).
                Price History
                • DateEventPrice
                • 08/04/2022$51,000$589,000
                  Source: Baldwin County Association of REALTORS® Inc
                • 02/18/2022$5,000$640,000
                  Source: Baldwin County Association of REALTORS® Inc
                • 01/02/2022$5,000$635,000
                  Source: Baldwin County Association of REALTORS® Inc
                • 12/14/2021$10,000$640,000
                  Source: Baldwin County Association of REALTORS® Inc
                • 11/15/2021listed$650,000
                  Source: Baldwin County Association of REALTORS® Inc
                Nearby Schools
                School data provided by GreatSchools
                i
                The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs and consider family needs as a part of the school selection process.
                Points of Interest

                Military Bases

                Distance
                • OLF Barin U.S. Naval Reserve
                  4.5 mi
                • Whiting Field - U.S. Navy
                  14.4 mi

                Shopping Centers

                Distance
                • Foley Plaza
                  1.1 mi
                • Northside Square
                  1.1 mi
                • Irwin Square
                  1.4 mi
                Listing Agent
                Alla Nikitina
                Real Estate Agent
                Foley, AL
                Continue Your Search

                $589,000

                6 Beds6 Baths3,743 Sq. Ft.

                531 W Laurel Avenue

                Foley, AL 36535

                Alla Nikitina
                Real Estate Agent