1 month on rocket

40500 Lake Dr, Bay Minette, AL, 36507

$259,900

Home List Price

$3,086*

Closing Credit

3 Bedrooms
2 Full Baths
1,904 SqFt
$137/SqFt
House
Schools Nearby

Location

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40500 Lake Dr, Bay Minette$259,900

Buyer Closing Credits

$3,086*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNone
Year Built1974
HeatingCentral
CoolingCentral Air
WaterfrontPond
ViewTrees/Woods
MLS #360954
Lot Size0.34 Acres
StatusActive

About 40500 Lake Dr

Just minutes away from local eateries and interstate access, This Charming Farmhouse is everything you could ask for and more! Sitting at the end of the road in the cul-de-sac the house offers major curb appeal. The split floor plan gives you more than ample space. The bedrooms are on opposite ends of the house. The master bedroom has its own full bathroom. French doors off the master open up to the huge deck that overlooks a beautiful pond. If you enjoy nature, you will love this house. There are blue herons that fly in the morning. There are ducks that visit the pond everyday. There is bass and brim in the pond. The backyard is spacious enough to have a golfing spot, shooting range, disk golf, volleyball. The options are limitless. The home has a upstairs loft that overlooks the front of the house with its own balcony. The home also has a heated and cooled basement/3rd bedroom. This property has woods behind it and has great space between the neighboring homes. Your not going to want to miss this opportunity. Schedule your showing today! Buyer to verify all information during due diligence.

Property Details

Property Features

Property Information:

  • Architectural Style: Farmhouse
  • Year Built: 1974
  • Living Area: 1,904 SqFt

Listing Office:

  • Office Name: Southern Bay Realty
  • Office Phone: (251) 227-8377
  • Listing Agent: Carolyn Olson

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Electric Range, Cooktop
  • Flooring Type: Laminate
  • Interior: Ceiling Fan(s), High Ceilings

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Pond
  • View: Trees/Woods
  • Exterior: None

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.34 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Baldwin County High School, Public District Grades 9-12
  • Bay Minette Middle School, Public District Grades 7-8
  • Pine Grove Elementary School, Public District Grades PK-6

Other

Directions Information:

  • Directions: Take 1-10 E and US-31 to Dogwood Ln in Baldwin County turn left on Lake Drive. House is at the end of the Cul-de- Sac.

Price Information

Listing Price Info

Price Summary:

  • List Price: $259,900
  • Price Per SqFt: $137/SqFt

Tax Information:

  • Annual Amount: $385
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Bay Minette, AL.

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Bay Minette, AL

City

Med. Sold Price

$240K

Med. Price/SqFt

$139

# of Sold Homes

10

40500 Lake Dr vs Bay Minette

37 DAYS ON ROCKET

$259,900

+$19.9K More

$137/SqFt

-$2 Less

KEY TAKEAWAY

This property is $19.9K more than the Median Sold Price and $2/SqFt less than other homes in Bay Minette, AL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Baldwin County
  • MLS Number: #360954

Listing Office:

  • Office Name: Southern Bay Realty
  • Office Phone: (251) 227-8377
  • Listing Agent: Carolyn Olson

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: 5/23/2024, 2:20:36 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

Mar 12, 2018Home Sold
$113,825
Feb 14, 2014Home Sold
$74,000

Tax History

YEARPROP. TAXASSESSMENT
2020$385$14,460
2019$357$13,540
2018$761$25,380
2017$722$23,680

History based on county public records data.

Payment Calculator

$1,365

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$846

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.

Elementary School

school-card-donut-654748
3
/10

  • Pine Grove Elementary School

  • 43980 Pine Grove Rd

  • 3.73 miles

  • Public District Grades PK-6

Middle School

school-card-donut-654749
4
/10

  • Bay Minette Middle School

  • 1311 W 13th St

  • 5.42 miles

  • Public District Grades 7-8

High School

school-card-donut-654750
3
/10

  • Baldwin County High School

  • 1 Tiger Dr

  • 5.53 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,495. Typical income of Bay Minette, AL residents is between $35k-100k annually. The majority of families are married, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 40500 Lake Dr

What is the listing price of this property?

The listing price of 40500 Lake Dr property is $259,900.

What type of property is this?

The property 40500 Lake Dr is a house located in Bay Minette, Alabama, 36507.

Is this property for sale now?

Active Listing: 40500 Lake Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 40500 Lake Dr are:
Pine Grove Elementary School: GreatSchools Rating 3/10
Bay Minette Middle School: GreatSchools Rating 4/10
Baldwin County High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $385 (source: MLS/based on county public records data).

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

The last sale was on March 12, 2018 for $113,825. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 40500 Lake Dr has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 40500 Lake Dr is 1,904 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 40500 Lake Dr is 1974.

Rocket Homes›Alabama›Baldwin County›Bay Minette›36507›40500 Lake Dr

This home is located at 40500 Lake Dr in Bay Minette, AL and zip code 36507. This 1,904 square foot home, which was built in 1974, sits on a 0.34 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 16, 2024 and is currently priced at $259,900.

In April 2024 more than 2 listings in Bay Minette, AL were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 5 were sold below. The inventory of homes for sale in Bay Minette, AL between March 2024 and April 2024 increased by 22.4%.

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

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