40502 Lake Dr
Bay Minette, AL 36507
3 bd 2 ba 1,225 sqft Built 1978 Lot 17,875 sqft single_family
Most recent sale
$165,000
Mar 9, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 9, 2022 | Sold | $165,000 | Public Record |
| Mar 8, 2022 | Sold | $165,000 | BaldwinREALTORS |
| Nov 8, 2021 | Listed | $160,000 | MLS #322558 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | — | — | $11,180 | $335 |
| 2020 | — | — | $10,800 | $324 |
| 2019 | — | — | $15,240 | $457 |
| 2017 | — | — | $6,760 | $203 |
| 2016 | — | — | $6,280 | $188 |
| 2015 | — | — | $6,460 | $145 |
| 2014 | — | — | $6,180 | $136 |
| 2013 | — | — | $6,180 | $136 |
| 2012 | — | — | $6,620 | $150 |
| 2011 | — | — | $6,740 | $153 |
| 2010 | — | — | $6,840 | $156 |
| 2009 | — | — | $9,000 | $221 |
| 2008 | — | — | $9,000 | $221 |
Property facts
Year built
1978
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,225 sqft
Lot size
17,875 sqft
ZIP code
36507
City
Bay Minette
Street
Lake Dr
Coordinates
30.81567, -87.77277
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,838
Gross rental yield
13.37%
Implied cap rate
8.69%
Trend-extrapolated value
—
Frequently asked questions
When did 40502 Lake Dr last sell?
40502 Lake Dr most recently sold on Mar 9, 2022 for $165,000.
What is the current tax assessment for 40502 Lake Dr?
The most recent total assessment for 40502 Lake Dr (year 2021) is $11,180 with $335 in property tax.
How does 40502 Lake Dr's assessment compare to its last sale price?
The current assessment is 93.2% below the last sale price of $165,000.
When was 40502 Lake Dr built?
40502 Lake Dr was built in 1978.
How does 40502 Lake Dr compare to others on Lake Dr?
We track 8 other properties on Lake Dr. Browse the list under "Other properties on Lake Dr" to compare beds, baths, and sale history.
What are the property facts for 40502 Lake Dr?
40502 Lake Dr is a 3 bed, 2 bath, 1,225 sqft, 17,875 sqft lot single_family.
Is 40502 Lake Dr a flip candidate?
No — 40502 Lake Dr does not appear in our flips dataset.
Is 40502 Lake Dr a tax-appeal candidate?
No — 40502 Lake Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.4%
Implied 1-yr
+9.7%
2026 Q3
$285.3K
2026 Q4
$291.3K
ZIP 36507 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Lake Dr