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
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 Bay Minette, AL.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,365
Per Month
Principal & Interest
$1,298
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
$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
3
/10
Pine Grove Elementary School
43980 Pine Grove Rd
Distance between this listing and this school3.73 miles
Public District Grades PK-6
Middle School
4
/10
Bay Minette Middle School
1311 W 13th St
Distance between this listing and this school5.42 miles
Public District Grades 7-8
High School
3
/10
Baldwin County High School
1 Tiger Dr
Distance between this listing and this school5.53 miles
Public District Grades 9-12
Assigned Schools
3
/10
Pine Grove Elementary School
43980 Pine Grove Rd
Distance between this listing and this school3.73 miles
Public District Grades PK-6
Nearby Schools
6
/10
Delta Elementary School
10251 Whitehouse Fork Road Ext
Distance between this listing and this school4.84 miles
Public District Grades PK-6
8
/10
Stapleton School
35480 Harriot Avestap
Distance between this listing and this school5.16 miles
Public District Grades PK-6
Assigned Schools
4
/10
Bay Minette Middle School
1311 W 13th St
Distance between this listing and this school5.42 miles
Public District Grades 7-8
Nearby Schools
7
/10
Spanish Fort Middle School
33899 Jimmy Faulkner Dr
Distance between this listing and this school8.44 miles
Public District Grades 6-8
6
/10
Daphne Middle School
1 Jody Davis Cir
Distance between this listing and this school14.86 miles
Public District Grades 7-8
Assigned Schools
3
/10
Baldwin County High School
1 Tiger Dr
Distance between this listing and this school5.53 miles
Public District Grades 9-12
Nearby Schools
6
/10
Spanish Fort High School
1 Plaza De Toros
Distance between this listing and this school10.00 miles
Public District Grades 9-12
5
/10
Daphne High School
9300 Champions Way
Distance between this listing and this school13.37 miles
The neighbors living near this home have an average income of $46,495. Most Bay Minette, AL residents have annual incomes between $35k-100k. Most 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 3/10Bay Minette Middle School: GreatSchools Rating 4/10Baldwin 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.
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.
Bay Minette, AL housing market in May 2024 saw over 2 listings sold above listed price, more than 3 sold at listed price and over 13 sold below. Between April 2024 and May 2024, Bay Minette, AL real estate market has seen increase in the number of listings by 16.5%. While the average time on the market in May 2024 was 38 days, the median list price was $240,000.
From Rocket Homes Real Estate and based on county public records data.