Cash cow in a great location, this property has (1) brick house, (3) mobile homes, (4) Rv lots and (80) storage slips that generate 10k in gross monthly income, seller says the NOI is over 80,000 yearly. Seller will consider owner financing.
Closed
$1,050,000
12278 Grantham Rd, Foley, AL 36535
--beds
0baths
1,633sqft
Multi Family
Built in 1978
-- sqft lot
$759,600 Zestimate®
$643/sqft
$1,423 Estimated rent
Home value
$759,600
$608,000 - $927,000
$1,423/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Ted Brokop PHONE:251-589-7815,
Coastal Leaders Realty Group
Bought with:
Ryley Corliss, 120738
Ashurst & Niemeyer, LLC
Source: Baldwin Realtors,MLS#: 352235
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Electric
Appliances
- Included: Refrigerator
Features
- Flooring: Other Floors/See Remarks
- Has fireplace: No
Interior area
- Total interior livable area: 1,633 sqft
Property
Parking
- Parking features: Other/See Remarks
Features
- Stories: 1
- Patio & porch: Covered Patio
- Has view: Yes
- View description: Wooded
- Waterfront features: No Waterfront
Lot
- Size: 5 Acres
Details
- Parcel number: 5507250000099.001
- Special conditions: Land Contract,Lease Purchase
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Single Story
- Property subtype: Multi Family
Materials
- Roof: Metal
Condition
- Year built: 1978
Utilities & green energy
- Utilities for property: Riviera Utilities
Community & HOA
Community
- Features: BBQ Area
HOA
- Has HOA: No
Location
- Region: Foley
Financial & listing details
- Price per square foot: $643/sqft
- Tax assessed value: $598,700
- Annual tax amount: $3,353
- Date on market: 9/26/2023
- Ownership type: Whole Full
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2026 | Listing removed | $1,400$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/20/2026 | Listed for rent | $1,400-22.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/24/2026 | Listing removed | $1,800$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/16/2026 | Listed for rent | $1,800+12.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/7/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/3/2024 | Listed for rent | $1,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/2/2024 | Sold | $1,050,000-4.1%$643/sqft |
Source:  Baldwin Realtors #352235 Report a problem | ||
| 9/26/2023 | Listed for sale | $1,095,000+212.9%$671/sqft |
Source: Baldwin Realtors #352235 Report a problem | ||
| 4/9/2016 | Listing removed | $350,000$214/sqft |
Source: RE/MAX Of Orange Beach #236110 Report a problem | ||
| 3/9/2016 | Price change | $350,000-6.7%$214/sqft |
Source: RE/MAX Of Orange Beach #236110 Report a problem | ||
| 2/22/2016 | Listed for sale | $375,000+56.3%$230/sqft |
Source: RE/MAX of Orange Beach #236110 Report a problem | ||
| 2/2/2015 | Sold | $240,000-7.1%$147/sqft |
Source: Baldwin Realtors #203820 Report a problem | ||
| 10/1/2014 | Price change | $258,300-17.6%$158/sqft |
Source: Coastal Real Estate and Development #203820 Report a problem | ||
| 6/14/2014 | Listed for sale | $313,300+58.9%$192/sqft |
Source: Coastal Real Estate and Development #203820 Report a problem | ||
| 10/23/2011 | Listing removed | $197,200$121/sqft |
Source: ERA Class.Com #168962 Report a problem | ||
| 3/16/2011 | Price change | $197,200-11.3%$121/sqft |
Source: ERA Class.Com #168962 Report a problem | ||
| 10/8/2010 | Listed for sale | $222,200-40.1%$136/sqft |
Source: ERA Class.Com #168962 Report a problem | ||
| 9/8/2009 | Listing removed | $371,100$227/sqft |
Source: Systems Engineering, Inc. #141861 Report a problem | ||
| 6/5/2009 | Listed for sale | $371,100$227/sqft |
Source: Systems Engineering, Inc. #141861 Report a problem | ||
| 1/29/2009 | Listing removed | $371,100$227/sqft |
Source: ERA #141861 Report a problem | ||
| 10/23/2008 | Listed for sale | $371,100$227/sqft |
Source: ERA #141861 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,353 +38.2% | $119,740 +38.2% |
| 2024 | $2,426 +5.7% | $86,640 +5.7% |
| 2023 | $2,296 | $82,000 +37.1% |
| 2022 | -- | $59,800 +4.1% |
| 2021 | $1,597 +4.2% | $57,460 +5% |
| 2020 | $1,533 +11.1% | $54,740 +11.1% |
| 2019 | $1,379 | $49,260 |
| 2018 | $1,379 +22.7% | $49,260 +22.7% |
| 2017 | $1,124 +34.3% | $40,140 +35.6% |
| 2014 | $837 | $29,600 +3.4% |
| 2013 | $837 +4.3% | $28,640 -0.1% |
| 2007 | $802 +164.1% | $28,660 +130% |
| 2005 | $304 -11.4% | $12,460 -10.1% |
| 2004 | $343 | $13,860 |
| 2003 | $343 +21.9% | $13,860 +18.9% |
| 2002 | $281 +1.7% | $11,660 |
| 2001 | $277 | $11,660 |
| 2000 | $277 | $11,660 |
Find assessor info on the county website
Neighborhood: 36535
Nearby homes
- $265,3003 bd2 ba-- sqft12278C Grantham Rd, Foley, AL 36535Off Market
- $--2 bd1 ba900 sqft12278 Grantham Rd #D, Foley, AL 36535Off Market
- $--3 bd2 ba1.6k sqft12278 Grantham Rd #B, Foley, AL 36535Off Market
- $213,4003 bd2 ba1k sqft12278B Grantham Rd, Foley, AL 36535Off Market
- $278,6004 bd3 ba1.8k sqft12341 Copperwood Dr, Foley, AL 36535Off Market
- $260,9004 bd1 ba2k sqft12342 Copperwood Dr, Foley, AL 36535Off Market
- $244,6004 bd2 ba1.8k sqft16972 Russet Ct, Foley, AL 36535Off Market
- $248,7003 bd1 ba1.6k sqft12345 Copperwood Dr, Foley, AL 36535Off Market
Nearby schools
GreatSchools rating
- 5/10Magnolia SchoolGrades: PK-6Distance: 1.3 mi
- 8/10Foley Middle SchoolGrades: 7-8Distance: 2.7 mi
- 7/10Foley High SchoolGrades: 9-12Distance: 3 mi
Schools provided by the listing agent
- Elementary: Foley Elementary
- Middle: Foley Middle
- High: Foley High
Source: Baldwin Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$759,600
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$759,600
- Alabama
- Baldwin County
- Foley
- 36535
- 12278 Grantham Rd
Nearby cities
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