1 month on rocket

101 Fairhope Ave, Fairhope, AL, 36532

$1,485,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
House
Schools Nearby

Location

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101 Fairhope Ave, Fairhope$1,485,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingCovered, On Street
Year Built1906
HeatingCentral
CoolingCentral Air
WaterfrontNone
FireplaceNone
ViewTrees/Woods
MLS #7350112
Lot Size0.41 Acres
StatusActive

About 101 Fairhope Ave

Unlock the investment potential of a historic gem in the heart of Fairhope, Alabama. Presenting an unparalleledopportunity, this iconic property, dating back to 1910, is now on the market for investors with a keen eye for prime real estate. Strategically positioned on nearly half an acre and zoned B3B, the estate is mere steps from Fairhope Pier and the vibrant downtown district, positioning it as a premier investment in Fairhope's thriving real estate landscape. Situated at the sought-after crossroads of Fairhope Avenue and Bayview Street, this two-story residence is surrounded by lush, mature trees, offering an oasis of tranquility within a bustling urban setting.The property boasts a meticulously renovated 1BR/1BTH guest cottage within its expansive double lot, presenting a unique blend ofresidential charm and commercial viability. With its flexible B3B zoning, the estate is perfectly suited for a variety of uses, including single and multi-family dwellings, mixed-use developments, professional offices, retail spaces, and hospitality ventures such as hotels, motels, restaurants, and bars. This zoning also opens the door to profitable short-term rental ventures, further elevating its attractiveness in the dynamic Fairhope market. This exceptional property represents a rare investment in downtown Fairhope's storied past and bright future.Investors are encouraged to perform thorough due diligence to fully understand the lucrative potential of this distinctive offering. Contact your preferred real estate professional for an in-depth exploration of this unmatched investment opportunity, where historical elegance converges with contemporary flexibility in one of Fairhope's most coveted locales.

Property Details

Property Features

Property Information:

  • Year Built: 1906

Listing Office:

  • Office Name: Mobile Bay Realty
  • Listing Agent: Brooke Butler

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Gas Cooktop, Gas Oven
  • Basement: No
  • Flooring Type: Carpet, Laminate, Other
  • Interior: Other
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

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

Parking Information:

  • Parking: Covered, On Street

Lot Features

Lot Information:

  • Lot: Corner Lot, Level
  • Lot Size: 0.41 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Fairhope High School, Public District Grades 9-12
  • Fairhope Middle School, Public District Grades 7-8
  • Fairhope Intermediate School, Public District Grades 4-6
  • Fairhope Primary School, Public District Grades PK-3

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,485,000
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Housing Market Comparison

See how this home compares to others in Fairhope, AL.

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Fairhope, AL

City

Med. Sold Price

$482K

Med. Price/SqFt

$213

# of Sold Homes

62

101 Fairhope Ave vs Fairhope

50 DAYS ON ROCKET

$1,485,000

+$1.0M More

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price in Fairhope, AL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: GCMLS2
  • MLS Number: #7350112

Listing Office:

  • Office Name: Mobile Bay Realty
  • Listing Agent: Brooke Butler

Information is provided by Gulf Coast Multiple Listing Service, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) 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. Copyright © 2024 Gulf Coast Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 12:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$7,479

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,519

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-2251769
8
/10

  • Fairhope Primary School

  • 408 N Section St

  • 0.76 miles

  • Public District Grades PK-3

Middle School

school-card-donut-2251770
8
/10

  • Fairhope Middle School

  • 2 Pirate Dr

  • 2.47 miles

  • Public District Grades 7-8

school-card-donut-2251771
7
/10

  • Fairhope Intermediate School

  • 2 N Bishop Rd

  • 5.51 miles

  • Public District Grades 4-6

High School

school-card-donut-2251772
7
/10

  • Fairhope High School

  • 18800 Greeno Rd

  • 2.14 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 $49,801. The majority of Fairhope, AL residents have income between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 101 Fairhope Ave

What is the listing price of this property?

The listing price of 101 Fairhope Ave property is $1,485,000.

What type of property is this?

The property 101 Fairhope Ave is a house located in Fairhope, Alabama, 36532.

Is this property for sale now?

Active Listing: 101 Fairhope Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 101 Fairhope Ave are:
Fairhope Primary School: GreatSchools Rating 8/10
Fairhope Middle School: GreatSchools Rating 8/10
Fairhope Intermediate School: GreatSchools Rating 7/10
Fairhope High School: GreatSchools Rating 7/10

How many bedrooms and bathrooms does this property have?

The property at 101 Fairhope Ave has 3 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 101 Fairhope Ave is 1906.

Rocket Homes›Alabama›Baldwin County›Fairhope›36532›101 Fairhope Ave

This home is located at 101 Fairhope Ave in Fairhope, AL and zip code 36532. This home, which was built in 1906, sits on a 0.41 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 08, 2024 and is currently priced at $1,485,000.

While more than 2 listings in Fairhope, AL in March 2024 were sold above asking price, there were more than 14 listings sold at asking price, and more than 41 were sold below. The number of listings in Fairhope, AL increased by 18.4% between February 2024 and March 2024.

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

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