1430 Ridgewood Dr · Lillian, AL 36549

$159,900

3 bd · 2.0 ba · 1,560 sqft · Manufactured public records · 108 Days on market

Built 1980 0.33 ac lot $102/sqft · 6% below area Est $170k · 6% under $74/mo HOA · 4% of rent

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.2/30.0
• ARV discount +10.2/15.0
• DSCR +7.8/10.0
• 1% rule +6.9/10.0
• Schools +3.9/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully maintained Coastal 3 bedroom, 2 bath home situated on two spacious lots, with plenty of room to park your RV or boat. Inside, you’ll find a thoughtfully designed split bedroom floor plan that features two separate living areas for entertaining or creating flexible family space. Cozy up by the fireplace or relax year-round in the generous 19 x 12 sunroom filled with natural light. Recent improvements provide peace of mind and modern comfort, including a new roof installed in 2020, a new HVAC system 2023, new flooring, and updated plumbing. Outside, you’ll appreciate the covered carport for convenient parking along with a storage shed in the backyard. The double-lot setting offers added space for outdoor living, gardening, or additional storage or a garage. Don’t miss this move-in ready home with space, updates, and room for all your coastal toys. Located in the beachside, golf cart, pet-friendly community of Spanish Cove with 24 hour security on the Alabama/Florida line, this home is just 5 minutes from the Lillian boat launch and 15 minutes from Gulf beaches. Enjoy amenities like a private beach, 500-ft pier, two clubhouses, year-round pool, sports courts, fitness center, playground, trails, and golf cart access. The community offers social events, games, classes, clubs, and group travel. Whether you're looking for a full-time residence or a peaceful coastal getaway, this is a great place to call home—schedule your showing today. Buyer to verify all information during due diligence.

Key facts

• Generous sunroom
• New flooring
• New roof

Tags

• SPLIT BEDROOM FLOOR PLAN
• TWO SEPARATE LIVING AREAS
• GENEROUS SUNROOM
• NEW ROOF
• NEW HVAC SYSTEM
• NEW FLOORING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $160k.

Deal economics

• At list price, monthly cash flow is $320 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $146k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 4.1% in Lillian — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 66/100 on livability (#97 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living A-; Watch: schools C-, amenities F, commute F.
• Baldwin County (rural): math 33% / reading 57% proficiency, ranked #18 of 129 in AL (top 14%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 146 active listings in the ZIP; 3,883 units permitted in Baldwin County in 2024 (481 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Baldwin County population projected at +42% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 108 days — a 9% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 12y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $59k; list at $160k implies a 171% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,509 (9.0% below list)

Questions for the listing agent

1. It's been on market 108 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.19% ✓
• Cap rate: 8.70%
• Cash-on-cash: 8.58%
• DSCR: 1.38
• GRM: 7.0

CMA / ARV

• ARV (median comp): $170,000
• List price: $159,900
• Delta: -5.94%
• Verdict: FAIR
• Comps: 19 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1649 Del Rey Dr	0.40mi	3/2.0	1,708 (+10%)	4mo	$250,000	$146	62
1127 Ridgewood Dr	0.68mi	3/2.0	1,512 (-3%)	5mo	$170,000	$112	59
1157 Ridgewood Dr	0.74mi	3/2.0	1,568 (+0%)	8mo	$215,000	$137	58
1696 Santa Cruz Dr	0.62mi	3/2.0	1,568 (+0%)	14mo	$192,000	$122	58
1520 Valencia Dr	0.49mi	3/2.0	1,430 (-8%)	7mo	$78,000	$55	57
1165 Santa Anna Ln	0.73mi	3/2.0	1,624 (+4%)	15mo	$195,000	$120	47
1692 Santa Cruz Dr	0.66mi	2/2.0 (-1)	1,344 (-14%)	2mo	$160,000	$119	39
1691 Santa Cruz Dr	0.67mi	2/2.0 (-1)	1,481 (-5%)	24mo	$170,000	$115	36
1985 S Ridgewood Dr	0.68mi	3/2.5	1,352 (-13%)	16mo	$175,000	$129	31

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -3.2%
• Equity multiple: 0.88×
• Total profit: $-5,440
• Equity at exit: $23,842

10-year hold

• IRR: 6.5%
• Equity multiple: 1.49×
• Total profit: $21,828
• Equity at exit: $13,825

Cash invested: $44,772 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Alabama: 90 Strongly Landlord-Friendly · R+15
• County: — inherits STATE
• City: — inherits STATE

Right-to-evict in 7 days for non-payment; no rent control; preempted statewide; courts move quickly.

Methodology + full state rankings →

ZIP-level market 36549

• Home prices YoY: -7.6%
• Active inventory: 146
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,898 medium
• Mortgage (P&I): −$839
• Tax est. 1.5%: −$200 /mo · $2,398/yr
• Insurance: −$67
• HOA: −$74
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $320

Break-even live

Break-even rent $1,492

Max offer price $159,900

Occupancy floor 78%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $74 · $888/yr
• Likely covers: poolgymsecurity

Listing history 32 events

1. 2026-06-19
   days on market $159,900 Active 108 DOM
2. 2026-06-18
   days on market $159,900 Active 107 DOM
3. 2026-06-17
   days on market $159,900 Active 106 DOM
4. 2026-06-16
   days on market $159,900 Active 105 DOM
5. 2026-06-15
   days on market $159,900 Active 104 DOM
6. 2026-06-14
   days on market $159,900 Active 102 DOM
7. 2026-06-13
   days on market $159,900 Active 101 DOM
8. 2026-06-10
   days on market $159,900 Active 99 DOM
9. 2026-06-09
   days on market $159,900 Active 98 DOM
10. 2026-06-08
    days on market $159,900 Active 97 DOM
11. 2026-06-07
    days on market $159,900 Active 96 DOM
12. 2026-06-05
    days on market $159,900 Active 93 DOM
13. 2026-06-03
    days on market $159,900 Active 92 DOM
14. 2026-06-02
    days on market $159,900 Active 91 DOM
15. 2026-06-01
    days on market $159,900 Active 90 DOM
16. 2026-05-31
    days on market $159,900 Active 89 DOM
17. 2026-05-30
    days on market $159,900 Active 88 DOM
18. 2026-05-07
    price $159,900 1559-char remark

    Show marketing remark (1559 chars)

    Welcome to this beautifully maintained Coastal 3 bedroom, 2 bath home situated on two spacious lots, with plenty of room to park your RV or boat. Inside, you’ll find a thoughtfully designed split bedroom floor plan that features two separate living areas for entertaining or creating flexible family space. Cozy up by the fireplace or relax year-round in the generous 19 x 12 sunroom filled with natural light. Recent improvements provide peace of mind and modern comfort, including a new roof installed in 2020, a new HVAC system 2023, new flooring, and updated plumbing. Outside, you’ll appreciate the covered carport for convenient parking along with a storage shed in the backyard. The double-lot setting offers added space for outdoor living, gardening, or additional storage or a garage. Don’t miss this move-in ready home with space, updates, and room for all your coastal toys. Located in the beachside, golf cart, pet-friendly community of Spanish Cove with 24 hour security on the Alabama/Florida line, this home is just 5 minutes from the Lillian boat launch and 15 minutes from Gulf beaches. Enjoy amenities like a private beach, 500-ft pier, two clubhouses, year-round pool, sports courts, fitness center, playground, trails, and golf cart access. The community offers social events, games, classes, clubs, and group travel. Whether you're looking for a full-time residence or a peaceful coastal getaway, this is a great place to call home—schedule your showing today. Buyer to verify all information during due diligence.

19. 2026-04-21
    status Active 1559-char remark

    Show marketing remark (1559 chars)

    Welcome to this beautifully maintained Coastal 3 bedroom, 2 bath home situated on two spacious lots, with plenty of room to park your RV or boat. Inside, you’ll find a thoughtfully designed split bedroom floor plan that features two separate living areas for entertaining or creating flexible family space. Cozy up by the fireplace or relax year-round in the generous 19 x 12 sunroom filled with natural light. Recent improvements provide peace of mind and modern comfort, including a new roof installed in 2020, a new HVAC system 2023, new flooring, and updated plumbing. Outside, you’ll appreciate the covered carport for convenient parking along with a storage shed in the backyard. The double-lot setting offers added space for outdoor living, gardening, or additional storage or a garage. Don’t miss this move-in ready home with space, updates, and room for all your coastal toys. Located in the beachside, golf cart, pet-friendly community of Spanish Cove with 24 hour security on the Alabama/Florida line, this home is just 5 minutes from the Lillian boat launch and 15 minutes from Gulf beaches. Enjoy amenities like a private beach, 500-ft pier, two clubhouses, year-round pool, sports courts, fitness center, playground, trails, and golf cart access. The community offers social events, games, classes, clubs, and group travel. Whether you're looking for a full-time residence or a peaceful coastal getaway, this is a great place to call home—schedule your showing today. Buyer to verify all information during due diligence.

20. 2026-04-14
    status Pending 1559-char remark

    Show marketing remark (1559 chars)

    Welcome to this beautifully maintained Coastal 3 bedroom, 2 bath home situated on two spacious lots, with plenty of room to park your RV or boat. Inside, you’ll find a thoughtfully designed split bedroom floor plan that features two separate living areas for entertaining or creating flexible family space. Cozy up by the fireplace or relax year-round in the generous 19 x 12 sunroom filled with natural light. Recent improvements provide peace of mind and modern comfort, including a new roof installed in 2020, a new HVAC system 2023, new flooring, and updated plumbing. Outside, you’ll appreciate the covered carport for convenient parking along with a storage shed in the backyard. The double-lot setting offers added space for outdoor living, gardening, or additional storage or a garage. Don’t miss this move-in ready home with space, updates, and room for all your coastal toys. Located in the beachside, golf cart, pet-friendly community of Spanish Cove with 24 hour security on the Alabama/Florida line, this home is just 5 minutes from the Lillian boat launch and 15 minutes from Gulf beaches. Enjoy amenities like a private beach, 500-ft pier, two clubhouses, year-round pool, sports courts, fitness center, playground, trails, and golf cart access. The community offers social events, games, classes, clubs, and group travel. Whether you're looking for a full-time residence or a peaceful coastal getaway, this is a great place to call home—schedule your showing today. Buyer to verify all information during due diligence.

21. 2026-02-24
    listed $167,900 Active 1559-char remark

    Show marketing remark (1559 chars)

    Welcome to this beautifully maintained Coastal 3 bedroom, 2 bath home situated on two spacious lots, with plenty of room to park your RV or boat. Inside, you’ll find a thoughtfully designed split bedroom floor plan that features two separate living areas for entertaining or creating flexible family space. Cozy up by the fireplace or relax year-round in the generous 19 x 12 sunroom filled with natural light. Recent improvements provide peace of mind and modern comfort, including a new roof installed in 2020, a new HVAC system 2023, new flooring, and updated plumbing. Outside, you’ll appreciate the covered carport for convenient parking along with a storage shed in the backyard. The double-lot setting offers added space for outdoor living, gardening, or additional storage or a garage. Don’t miss this move-in ready home with space, updates, and room for all your coastal toys. Located in the beachside, golf cart, pet-friendly community of Spanish Cove with 24 hour security on the Alabama/Florida line, this home is just 5 minutes from the Lillian boat launch and 15 minutes from Gulf beaches. Enjoy amenities like a private beach, 500-ft pier, two clubhouses, year-round pool, sports courts, fitness center, playground, trails, and golf cart access. The community offers social events, games, classes, clubs, and group travel. Whether you're looking for a full-time residence or a peaceful coastal getaway, this is a great place to call home—schedule your showing today. Buyer to verify all information during due diligence.

22. 2018-06-14
    soldstatus $59,000 638-char remark

    Show marketing remark (638 chars)

    New Price!!! 3 bedroom, 2 bath double wide mobile home located on 2 beautiful lots in Spanish Cove. It has a 19 x 12 sun room that was added. Wood burning fireplace in the family room. Owners have been making some repairs. Great home in a community that has lots of amenities. New heat pump, tie downs and electrical panel in 2015. New flooring in hall, dining and laundry rooms and new plumbing 2017. Yard has trees and flowering shrubs. Home has a covered carport for parking. Spanish Cove provides access to a wealth of fishing and boating, golfing, dining, beaches, cultural and other amenities -- and all at a quiet, easy going pace.

23. 2018-05-04
    listed $59,000 638-char remark

    Show marketing remark (638 chars)

    New Price!!! 3 bedroom, 2 bath double wide mobile home located on 2 beautiful lots in Spanish Cove. It has a 19 x 12 sun room that was added. Wood burning fireplace in the family room. Owners have been making some repairs. Great home in a community that has lots of amenities. New heat pump, tie downs and electrical panel in 2015. New flooring in hall, dining and laundry rooms and new plumbing 2017. Yard has trees and flowering shrubs. Home has a covered carport for parking. Spanish Cove provides access to a wealth of fishing and boating, golfing, dining, beaches, cultural and other amenities -- and all at a quiet, easy going pace.

24. 2018-04-30
    historical
25. 2017-11-06
    listed $63,000
26. 2017-05-30
    listed $73,500
27. 2017-05-30
    listed $73,500
28. 2015-12-04
    listed $61,000
29. 2014-12-17
    soldstatus $42,500
30. 2014-04-17
    listed $48,800
31. 2006-05-10
    soldstatus $62,500
32. 2005-03-10
    soldstatus $53,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,774
• − Mortgage interest: −$8,957
• − Property taxes: −$2,398
• − Insurance: −$800
• − Repairs & maintenance: −$1,822
• − Management: −$1,822
• − HOA: −$888
• − Depreciation: −$4,652
• Taxable income: $1,436
• Est. tax owed @ 24.0%: −$345
• After-tax cash flow: $3,498/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Baldwin County
• NCES district ID: 0100270
• Math proficiency: 33% ▼ -26.00%
• Reading proficiency: 57% ▲ 1.00%
• Median HH income: $50,677
• Composite: 38.61/100
• National rank: #4157
• State rank: #18 of 129 in AL

Livability — Lillian

• Score: 66/100
• State rank: #97
• US rank: #11371

Category grades

Amenities F Commute F Cost of living A- Crime A+ Employment C Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 6,152
• Population (ZIP): 6,152

Population outlook (Baldwin County) Hauer SSP2

• Today (2025): 248,264 people
• By 2030: 270,315 · +8.9%
• By 2040: 312,967 · +26.1%
• By 2050: 352,262 · +41.9%
• By 2075: 438,841 · +76.8%
• By 2100: 487,736 · +96.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 5% Hispanic / Latino 4%
• Common ancestry: Lithuanian 7% Italian 3% Serbian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Baldwin

• 2024 margin: Solid R (+58.2) · D 20.5% · R 78.7%
• 2008→2024 swing: -6.7pp toward R · 2008: -51.5pp · 2024: -58.2pp
• All cycles: 2024: R+58.2 2020: R+53.8 2016: R+57.8 2012: R+55.8 2008: R+51.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -23.45%
• Current HPI: 285.5902
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.94%
• F500 in state: 4

Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Price history

+201.7% since first listed

15 events — show timeline

• 2026-05-07 Price Changed $159,900 BCAR
• 2026-04-21 Relisted — BCAR
• 2026-04-14 Pending — BCAR
• 2026-02-24 Listed $167,900 BCAR
• 2018-06-14 Sold (MLS) $59,000 BCAR
• 2018-05-04 Listed $59,000 BCAR
• 2018-04-30 Listing Removed — PARMLS
• 2017-11-06 Listed $63,000 BCAR
• 2017-05-30 Listed $73,500 BCAR
• 2017-05-30 Listed $73,500 PARMLS
• 2015-12-04 Listed $61,000 BCAR
• 2014-12-17 Sold (MLS) $42,500 BCAR
• 2014-04-17 Listed $48,800 BCAR
• 2006-05-10 Sold (Public Records) $62,500 Public Records
• 2005-03-10 Sold (Public Records) $53,000 Public Records

Property tax history

+4.8%/yr

Latest (2023): $160 · -3.4% YoY. Source: county tax records.