A Special Assessment was passed to replenish reserves. The first 30% of the assessment was paid in 2023 and the remaining 70% will be split over eight quarters in 2024 and 2025 in the amount of $1200/quarter. Ownership is held as a SUBLEASEHOLD Estate. A certificate of Sublease is issued in lieu of a deed. Buyer pays title premium, Documentary transfer tax and 6% sales tax at closing. Complete Documents are available in listing office.
Financial Considerations
Price:
$290,000
HOA Fee:
0
Tax Amount:
$16832.23
Price per SqFt:
$N/A
Tax Legal Description:
GSN 000 0000 00TQ GULF SHORES NORTH 1.05 AC. M/L THE PT OF TR Q DESC AS COMM AT INT OF NW/LY COR OF COUNTY RD & SE/LY COR OF SAID TR Q TH NW 92.46FT TH NE 30.26FT TO POB TH CONT NE 227.84FT AKA MARINA & REC PARCELS DB42/423 13/9 631/1365-8 643/2054&5 4 290
Exterior Features
Lot Size:
45748
Lot Features:
N/A
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
N/A
Roof:
Other
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
N/A
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Dock-Rackominium
Style:
N/A
Year Built:
1981
Construction Type:
Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
South
Pets Allowed:
No
Special Condition:
None
Additional Features:
Lighting, Sidewalk, Storage
Additional Features 2:
Documents available in listing office, owners required to lease though the association.