$442,000
SOLD MAR 31, 2025

103 Jodi Dr Madison, AL 35758

-- Bed
-- Bath
3,456 Sq Ft
0.32 Acres

Recently Sold

$128 Per Sq Ft

2% Below List Price

10 Days on Market

About This Home

As of March 2025

This 4-plex multi-family property is annvestment opportunity in the high-demand Madison rental market! Each 2-bed, 2-Full bath unit rents for $995/month, generating $36,000+/- in gross annual income per building. All units include laundry rooms, kitchens with appliances, and many feature new laminate flooring and updated paint. Located next to West Madison Elementary and also walking distance to Bob Jones High, this highly desirable Madison City Schools location ensures strong tenant demand. Convenient to Wall Triana, Costco, Clift’s Farm dining, and major shopping. One of three available—multi-family in Madison is rare, so don’t miss out!

Last Agent to Sell the Property

Paul Schuppener

Legend Realty License #86913 Listed on: 02/11/2025

Legend Realty

Last Buyer's Agent

Olcay Wiesbrook

Legend Realty License #109574

Legend Realty

Property Details

Home Type

  • Multi-Family

Home Design

Kitchen

  • Oven
  • Dishwasher

Parking

  • 8 Parking Spaces
  • Shared Driveway
  • Open Parking
  • Parking Lot

Schools

  • Discovery Elementary School
  • Bob Jones High School

Utilities

  • Central Heating and Cooling System
  • Natural Gas Not Available
  • Water Heater

Additional Features

  • Washer and Dryer Hookup
  • Lot Dimensions are 145 x 88 x 145 x 102

Community Details

  • 4 Units
  • 3,456 Sq Ft Building
  • Madison Haven Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number LOT 2 BLK 3 MADISON HAVEN S/D

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size: 145 x 88 x 145 x 102
  • Subdivision Name: Madison Haven
  • New Construction: No
  • Special Features: None

Interior Features

  • Appliances: Oven, Refrigerator, Dishwasher, W/D Hookup, Electric Water Heater

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Driveway-Concrete, Parking Lot, Shared Driveway
  • Total Parking Spaces: 8

Utilities

  • Heating: Central
  • Cooling: Central Air
  • Gas: None
  • Sewer: Public Sewer
  • Laundry Features: Washer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Schools

  • Middle Or Junior School: Discovery

Lot Info

  • Parcel Number: LOT 2 BLK 3 MADISON HAVEN S/D
  • ResoLotSizeUnits: Acres

Green Features

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Lot: 2

MLS Schools

  • Elementary School: West Madison (K-6)
  • High School: Bob Jones

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2025
Closed on
Mar 31, 2025
Sold by
Jkk Real Estate Investments Llc
Bought by
Sheikholeslami Azar and Hashemian Alireza
Seller's Agent
Paul Schuppener
Legend Realty
Buyer's Agent
Olcay Wiesbrook
Legend Realty
List Price
$450,000
Sold Price
$442,000
Premium/Discount to List
-$8,000
-1.78%
Views
15
Current Estimated Value
$453,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,935
Avg. Annual Appreciation
3.43%
Original Mortgage
$331,500
Outstanding Balance
$329,515
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$124,420
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $500 None Listed On Document
Deed $442,000 None Listed On Document
Quit Claim Deed $500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $331,500 New Conventional
Closed $331,500 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2025 03/31/25 Sold $442,000 -1.8% $128 / Sq Ft
02/21/2025 02/21/25 Pending -- -- --
02/11/2025 02/11/25 For Sale $450,000 -- $130 / Sq Ft
Source: ValleyMLS.com

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,605 $51,620 $13,000 $38,620
2024 $3,605 $49,780 $13,000 $36,780
2023 $3,477 $49,780 $13,000 $36,780
2022 $3,040 $43,480 $13,000 $30,480
2021 $1,583 $22,520 $5,100 $17,420
2020 $1,524 $21,680 $4,260 $17,420
2019 $1,264 $21,680 $4,260 $17,420
2018 $1,096 $18,760 $0 $0
2017 $1,096 $18,760 $0 $0
2016 $1,096 $18,760 $0 $0
2015 $1,096 $18,760 $0 $0
2014 $1,071 $18,620 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Paul Schuppener

    Seller's Agent in 2025

    Paul Schuppener

    Legend Realty

    (256) 658-9340

    13 in this area

    108 Total Sales

    Paul Schuppener
    Section Image
  • Olcay Wiesbrook

    Buyer's Agent in 2025

    Olcay Wiesbrook

    Legend Realty

    (256) 294-8871

    12 in this area

    34 Total Sales

    Olcay Wiesbrook
    Section Image
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Map

Source: ValleyMLS.com

MLS Number: 21880804

ValleyMLS.com

APN: 16-03-05-1-001-070.000

Alabama Madison County Madison 35758

103 Jodi Dr, Madison, AL

Sold

MultiFamily

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