Offering a $10,000 credit towards buyers insurance or closing costs! Best priced 4 bedroom house in the area! Averaging around $85k per year over the past several years (even with owner blocks from Nov-Feb), this beautiful beach house is the perfect investment or vacation home. It’s located in Morgantown, which is highly desirable because of the multiple pools, tennis courts, newly installed high-speed fiber internet, and beautifully maintained landscaping and beach access. This house is fully stocked and furnished, so it’s completely turnkey! Schedule a showing with your favorite agent today!
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,950
Per Month
Principal & Interest
$3,738
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)
$145
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
$2,312
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
8
/10
Gulf Shores Elementary School
1600 E 3rd St
Distance between this listing and this school14.15 miles
Public District Grades PK-6
Middle School
10
/10
Gulf Shores Middle School
450 E 15th Ave
Distance between this listing and this school14.16 miles
Public District Grades 7-8
High School
2
/10
Gulf Shores High School
600 East 15th Ave
Distance between this listing and this school14.41 miles
Public District Grades 9-12
Assigned Schools
8
/10
Gulf Shores Elementary School
1600 E 3rd St
Distance between this listing and this school14.15 miles
Public District Grades PK-6
Nearby Schools
5
/10
Swift Consolidated Elementary School
6330 Bon Secour Hwy
Distance between this listing and this school12.37 miles
Public District Grades PK-6
4
/10
Magnolia School
1 Jaguar Loop
Distance between this listing and this school16.30 miles
Public District Grades PK-6
Assigned Schools
10
/10
Gulf Shores Middle School
450 E 15th Ave
Distance between this listing and this school14.16 miles
Public District Grades 7-8
Nearby Schools
7
/10
Fairhope Intermediate School
2 N Bishop Rd
Distance between this listing and this school15.20 miles
Public District Grades 4-6
4
/10
Foley Intermediate School
2000 S Cedar St
Distance between this listing and this school16.88 miles
Public District Grades 5-6
Assigned Schools
2
/10
Gulf Shores High School
600 East 15th Ave
Distance between this listing and this school14.41 miles
Public District Grades 9-12
Nearby Schools
2
/10
Foley High School
1 Pride Pl
Distance between this listing and this school16.89 miles
Public District Grades 9-12
7
/10
Fairhope High School
18800 Greeno Rd
Distance between this listing and this school18.40 miles
The neighbors living near this home have an average income of $78,056. Typical income of Gulf Shores, AL residents is between $35k-100k annually. Most families are married, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 6365 Morgan Lakes Dr
What is the listing price of this property?
The listing price of 6365 Morgan Lakes Dr property is $748,900.
What type of property is this?
The property 6365 Morgan Lakes Dr is a house located in Gulf Shores, Alabama, 36542.
Is this property for sale now?
Active Listing: 6365 Morgan Lakes 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 6365 Morgan Lakes Dr are: Gulf Shores Elementary School: GreatSchools Rating 8/10Gulf Shores Middle School: GreatSchools Rating 10/10Gulf Shores High School: GreatSchools Rating 2/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,799 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on April 20, 2020 for $339,500. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 6365 Morgan Lakes Dr has 4 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 6365 Morgan Lakes Dr is 1,400 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 6365 Morgan Lakes Dr is 2019.
This home is located at 6365 Morgan Lakes Dr in Gulf Shores, AL and zip code 36542. This 1,400 square foot home, which was built in 2019, sits on a 0.14 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 28, 2024 and is currently priced at $748,900.
Over 3 listings were sold over their listed price in April 2024 in Gulf Shores, AL. In the same period over 86 listings were sold below the listed price and 11 listings were sold for the listed price. The inventory of homes for sale in Gulf Shores, AL between March 2024 and April 2024 increased by 7.1%. The median list price of listings available in April 2024 was $443,153, while the average time on the real estate market was 53 days.
From Rocket Homes Real Estate and based on county public records data.