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331 1st Ave

Gulf Shores, AL 36542

2 bd 2 ba 1,013 sqft Built 1987 condos
Most recent sale
$377,500
Mar 15, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Oct 29, 2022 Listed $452,000 MLS #338201
Oct 7, 2022 Price changed $452,000 MLS #334372
Jul 27, 2022 Listed $467,000 MLS #334372
Mar 15, 2022 Sold $377,500 Public Record
Dec 8, 2014 Sold $125,000 Public Record
Jan 1, 2004 Sold $77,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2021 $38,500 $1,290
2020 $33,420 $1,123
2019 $30,400 $1,003
2017 $28,360 $956
2016 $24,320 $822
2015 $10,640 $351
2014 $10,140 $335
2013 $10,140 $335
2012 $9,120 $301
2011 $9,120 $301
2010 $9,120 $301
2009 $10,500 $347
2008 $15,700 $518

Property facts

Year built
1987
Property type
condos
Stories
1
Beds
2
Baths
2
Living area
1,013 sqft
Lot size
ZIP code
36542
City
Gulf Shores
Street
1st Ave
Coordinates
30.24979, -87.68342

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,520
Gross rental yield
4.83%
Implied cap rate
3.14%
Trend-extrapolated value

Frequently asked questions

When did 331 1st Ave last sell?
331 1st Ave most recently sold on Mar 15, 2022 for $377,500.
What is the current tax assessment for 331 1st Ave?
The most recent total assessment for 331 1st Ave (year 2021) is $38,500 with $1,290 in property tax.
How does 331 1st Ave's assessment compare to its last sale price?
The current assessment is 89.8% below the last sale price of $377,500.
When was 331 1st Ave built?
331 1st Ave was built in 1987.
How does 331 1st Ave compare to others on 1st Ave?
We track 8 other properties on 1st Ave. Browse the list under "Other properties on 1st Ave" to compare beds, baths, and sale history.
What are the property facts for 331 1st Ave?
331 1st Ave is a 2 bed, 2 bath, 1,013 sqft condos.
Is 331 1st Ave a flip candidate?
No — 331 1st Ave does not appear in our flips dataset.
Is 331 1st Ave a tax-appeal candidate?
No — 331 1st Ave is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-0.8%
Implied 1-yr
-3.1%
2026 Q3
$522.4K
2026 Q4
$518.1K
ZIP 36542 — Median Price History + Forecast

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