7506 Magnolia Springs Hwy $795,000

    Close

    7506 Magnolia Springs Hwy Foley, AL 36535

    • 6 Beds
    • 2 Baths
    • 1,538 sq. ft.
    • Single Family
    • MLS# 308994
    Favorite Share
    Views: 237 Days On Site: 69

    Go Tour This Home

    Schedule A Showing

    Property Details

    INCOME PRODUCING POTENTIAL!!! This property is 2 parcels being sold as one. 22 acres and 25 acres for a combined 47 acres. This property has been operating as a month to month rental income producing property. Latest net income reports $8000. The home is located at the rear of the property and both levels are currently rented. There are a total of 3 wells, 8 septic tanks and 1 grinder pumps on property with a total of 43 rentals. The RV/Mobile Homes on property are currently occupied many are being sold with the land. There are 2 ponds, one on each parcel. Property may be sold separately or as a whole. THIS PROPERTY IS BEING SOLD AS IS WHERE IS. Contact agent before entering property or scheduling showings.

    • General Features
      • Area Foley 2
      • Association Fees 0
      • County Baldwin
      • Property Taxes 2900
      • Property Type Residential Detached
      • Terms of Sale Cash, Conventional, Owner Financing
      • Year Built 1998
    • Building Features
      • Appliances Microwave, Refrigerator
      • Apx Living Area 1,538
      • Full Bathrooms 2
      • Boat Facilities None
      • Community Amenities None
      • Bedrooms 6
      • Construction Foundation Slab
      • Construction Status Resale
      • Exterior Finish Wood
      • Floors Wood
      • Half Bathrooms 0
      • Heat Cooling One or More Window Units
      • Master Bedroom Dimensions 9x17
      • Master Bedroom Level Main Level
      • Property Interior Stories 2
      • Roof Composition Shingle
      • Style Farmhouse
    • Room Features
      • Kitchen Level Main Level
      • 5 9x9
      • 5 2
      • Kitchen Dimensions 10x9
      • 2 9x13
      • 2 Main Level
      • 3 9x9
      • 3 Main Level
      • 4 7x17
      • 4 2
    • Property Features
      • Lot Description 25-50 acres
      • Lot Size 47 acres
      • Water Property Type No Waterfront

    Contact

    Teresa King

    Teresa King

    Managing Broker, RE/MAX White Sands

    Alabama Broker & Florida Broker Associate

    RE/MAX White Sands

    Cell: 251-554-2661

    Neighborhood

    Neighborhood Details available exclusively for My Property Finder members

    Market Last 30 Days In This Postal Code

    Market information available exclusively for My Property Finder members

    Property History

    Date Event Price Percent Change
    -- Current Price Source New Value: $795,000
    2/1/2021 12:17:00 PM New in Database Source New Value: $795,000

    Payment Calculator

    $0 per month
    Year Fixed, Interest
    Principal and Interest
    $0
    Property Taxes
    Homeowners' Insurance

    Home Price
    Down Payment
    *This Payment Calculator is intended for educational and planning purposes only.
    **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
    Information is provided in part by the IDX program of the Baldwin REALTORSĀ® Association. All information provided is deemed reliable but is not guaranteed and should be independently verified.

    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.