NOT LISTED FOR SALE

1038 Edgewater Ln Chelsea, AL 35043

Estimated Value: $408,000 - $418,568

4 Beds
3.5 Baths
2,612 Sq Ft
$158/Sq Ft Est. Value

Last Sold May 29, 2020

Last sale price $313,000 $120 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,428/month

25 Days on Market

Highlights

  • 65 Feet of Waterfront
  • In Ground Pool
  • Lake View
  • Chelsea Park Elementary School Rated A-
  • Fishing
  • Pond

About This Home

As of May 2020

Looking for a move in ready home with a lake view in a quiet, friendly neighborhood? You will fall in love with this beautifully updated four bedroom three and a half bathroom one level home in Chelsea Park. There are three bedrooms with two and a half baths, family room, formal dining room, and laundry room on the main level. The main level also features hardwood floors throughout along with updated lighting fixtures and interior paint. Any chef would adore the kitchen with neutral cabinets, prepping island, and granite countertops which opens into the breakfast area. Upstairs there is an additional fourth bedroom and bathroom. The large private backyard and quiet cul-de-sac location is ideal for the avid entertainer. Not only is this beautiful, move-in ready home located close to schools and local shops, it is also part of a subdivision which means you can enjoy access to the community pool, stocked lakes, lighted sidewalks and walking trails.

Last Agent to Sell the Property

Breanna Sexton

RE/MAX Advantage South Listed on: 04/03/2020

RE/MAX Advantage South

Last Buyer's Agent

Renata Peavy

Keller Williams Realty Vestavia

Keller Williams Realty Vestavia

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,073

Year Built

  • Built in 2007

Lot Details

  • 8,712 Sq Ft Lot
  • 65 Feet of Waterfront
  • Fenced Yard

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage on Main Level
  • Front Facing Garage
  • Driveway

Home Design

  • Slab Foundation
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1-Story Property
  • Crown Molding
  • Smooth Ceilings
  • Cathedral Ceiling
  • Recessed Lighting
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Stone Fireplace
  • Window Treatments
  • Family Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Den
  • Screened Porch
  • Lake Views
  • Attic

Kitchen

  • Convection Oven
  • Electric Cooktop
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Split Vanities
  • Hydromassage or Jetted Bathtub
  • Bathtub and Shower Combination in Primary Bathroom
  • Separate Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer and Electric Dryer Hookup

Pool

  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Pond
  • Screened Patio

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Two Heating Systems
  • Underground Utilities
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 089313002005000

Community Details

Overview

  • Association fees include common grounds mntc, management fee, reserve for improvements, utilities for comm areas
  • $13 Other Monthly Fees
  • Neighborhood Management Association, Phone Number (205) 877-9480

Recreation

  • Community Pool
  • Fishing
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,073

Year Built

Built in 2007

Lot Details

0

HOA Fees

$50 per month

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Living Area: 2612
  • Legal Description: CHELSEA PARK 10TH SECTOR LOT 10-08
  • List Price per Sq Ft: 122.47
  • Number Levels: 1-Story
  • Property Type: Single Family
  • Termite Contract: Yes
  • Year Built Description: Existing
  • Year Built: 2007
  • Price Per Sq Ft: 119.83
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2007

Interior Features

  • Interior Amenities: Recess Lighting
  • Fireplace Details: Gas Starter, Stone (FIREPL)
  • Fireplace Location: Family Room (FIREPL)
  • Fireplace Type: Woodburning
  • Floors: Carpet, Hardwood, Tile Floor
  • Number Fireplaces: 1
  • Windows Treatments: Some to Remain
  • Bedroom/Bathroom Features: Jetted Tub, Linen Closet, Separate Shower, Separate Vanities, Tub/Shower Combo, Walk-In Closets
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Concatenated Rooms: |Den1|Kitchen1|DiningRoom1|BrkfastRM1|Laundry1|MasterBR1|MasterBath1|Bedroom1|FullBath1|Bedroom1|HalfBath1|Bedroom2|FullBath2|
  • Room 1: Den/Family, On Level: 1
  • Room 2: Kitchen, On Level: 1
  • Room 3: Dining Room, On Level: 1
  • Room 4: Breakfast Room, On Level: 1
  • Room 5: Laundry, On Level: 1
  • Room 6: Master Bedroom, On Level: 1
  • Room 7: Master Bath, On Level: 1
  • Room 8: Bedroom, On Level: 1
  • Room 9: Full Bath, On Level: 1
  • Room 10: Bedroom, On Level: 1
  • Room 11: Half Bath, On Level: 1
  • Room 12: Bedroom, On Level: 2
  • Room 13: Full Bath, On Level: 2
  • Rooms Level 1: Bedroom (LVL 1), Breakfast Room (LVL 1), Den/Family (LVL 1), Dining Room (LVL 1), Full Bath (LVL 1), Half Bath (LVL 1), Kitchen (LVL 1), Laundry (LVL 1), Master Bath (LVL 1), Master Bedroom (LVL 1)
  • Rooms Level 2 Plus: Bedroom (LVL 2+), Full Bath (LVL 2+)
  • Kitchen Countertops: Stone (KIT)
  • Kitchen Equipment: Convection Oven, Cooktop-Electric, Dishwasher Built-In, Disposal, Microwave Built-In, Some Stainless Appl
  • Kitchen Features: Island, Pantry
  • Laundry: Yes
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Washer Hookup
  • Laundry Location: Laundry (MLVL)
  • Laundry Space: Room
  • Attic: Yes
  • Attic Type: Walk-In
  • Main Level Sq Ft: 2162
  • Upper Level Sq Ft: 450

Exterior Features

  • Patio: Yes
  • Waterfront Name: LAKE CHELSEA
  • Construction: 4 Sides Brick
  • Exterior Features: Fenced Yard, Porch Screened
  • Foundation: Slab
  • Patio Type: Covered - (PATIO), Screened (PATIO)
  • Pool: Yes
  • Pool Features: In-Ground, Perimeter Fencing
  • Pool: Community
  • Waterfront: Yes
  • Waterfront Frontage: 65
  • Water Heater: Electric (WTRHTR)

Garage/Parking

  • Garage Entry Location: Front
  • Number Garage Spaces Main Lvl: 2
  • Number Total Garage Spaces: 2
  • Parking Features: Attached, Driveway Parking, Parking (MLVL)

Utilities

  • Heating: Central (HEAT), Dual Systems (HEAT)
  • Cooling: Central (COOL), Dual Systems (COOL)
  • Sewer/Septic System: Connected
  • Underground Utils: Yes
  • Water: Public Water
  • HVAC Area: 2612

Condo/Co-op/Association

  • Amenities: Bike Trails, Fishing, Pond, Sidewalks, Street Lights
  • Association Fee: Yes
  • Association Fee: 595
  • Association Fee Per: Yearly
  • HOA Management Company: Neighborhood Management
  • Hoa Phone: 205-877-9480

Fee Information

  • Fees Include: Common Grounds Mntc, Management Fee, Reserve for Improvements, Utilities for Comm Areas
  • Garbage Fee: Yes
  • Garbage Fee Amount: 40
  • Garbage Fee Per: Quarterly

Schools

  • Elementary School: CHELSEA PARK
  • Middle School: CHELSEA
  • High School: CHELSEA

Lot Info

  • Assessor Parcel Number: 089313002005000
  • Lot Description: Subdivision
  • Lot View: Yes
  • Lot View Type: Lake/Water View
  • Number Acres: 0.2

Tax Info

  • Tax Database Id: 1
  • Tax District: CHELSEA
  • Annual Tax: 1073
  • Assessor Parcel Number: 01117-089313002005000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2020
Closed on
May 29, 2020
Sold by
Nichols Iii William E and Nichols Candace C
Bought by
Walker James T and Walker Carol J
Seller's Agent
Breanna Sexton
RE/MAX Advantage South
Buyer's Agent
Renata Peavy
Keller Williams Realty Vestavia
List Price
$319,900
Sold Price
$313,000
Premium/Discount to List
-$6,900
-2.16%
Current Estimated Value
$411,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,642
Avg. Annual Appreciation
5.35%
Original Mortgage
$144,000
Outstanding Balance
$102,195
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$309,447

Purchase Details

Closed on
Jun 26, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Nichols William E and Nichols Candace C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,734
Interest Rate
5.19%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 16, 2009
Sold by
Citimortgage Inc
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Feb 13, 2009
Sold by
Parker Richard R
Bought by
Citimortgage Inc

Purchase Details

Closed on
Nov 2, 2006
Sold by
Chelsea Park Development Inc
Bought by
Park Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,200
Interest Rate
6.45%
Mortgage Type
Construction
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Walker James T $313,000 None Available
Nichols William E $232,000 None Available
Federal Home Loan Mortgage Corp -- None Available
Citimortgage Inc $315,911 None Available
Park Homes Inc $300,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walker James T $144,000
Previous Owner Nichols William E $50,000
Previous Owner Nichols William E $236,734
Previous Owner Park Homes Llc $259,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2020 05/29/20 Sold $313,000 -2.2% $120 / Sq Ft
04/03/2020 04/03/20 For Sale $319,900 -- $122 / Sq Ft
Source: Greater Alabama MLS

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
2024 $1,682 $38,220 $0 $0
2023 $1,404 $37,840 $0 $0
2022 $1,173 $31,680 $0 $0
2021 $1,097 $29,660 $0 $0
2020 $1,031 $24,360 $0 $0
2019 $1,009 $23,860 $0 $0
2017 $1,073 $25,320 $0 $0
2015 $1,026 $24,260 $0 $0
2014 $1,003 $23,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Greater Alabama MLS

MLS Number: 878343

Greater Alabama MLS

APN: 08-9-31-3-002-005-000