NOT LISTED FOR SALE

106 Wade St Montgomery, AL 36104

Estimated Value: $57,000 - $98,000

-- Bed
1 Bath
-- Sq Ft
5,401 Sq Ft Lot

Last Sold February 18, 2020

Last sale price $41,000

Est. 80% increase in value since last sale

Current estimated payment $452/month

36 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Central Heating
  • No HOA
  • 1-Story Property

About This Home

As of February 2020

Great Investment Opportunity!! This unit has 2 bedrooms and 1 bathroom on each side that rent for $525 each. One unit has wood floors throughout. The other unit has wood floors under the carpet. Large partially fenced backyard. 1600 Square feet total. You will love the convenience to schools, interstate and shopping. Just a short distance to downtown Montgomery with all of the fun activities.

Last Agent to Sell the Property

Sarah Little

Pinnacle Group at KW Montg. License #0089725 Listed on: 01/09/2020

Pinnacle Group at KW Montg.

Co-Listed By

Rebecca Marshal

Pinnacle Group at KW Montg. License #0108547

Last Buyer's Agent

Michael Stroup

Harris And Atkins Real Estate License #0113442

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $564

Year Built

  • Built in 1940

Lot Details

  • 5,401

Parking

  • 1 Driveway Space

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1-Story Property

Kitchen

  • Eat-In Kitchen
  • Electric Range

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for advertising, insurance
  • Assessor Parcel Number 11-06-13-4-019-018.000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$564

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Design: 1 Story
  • Year Built: 1940
  • New Construction: No
  • Unit Type: Unfinished
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Area Feature: Eat-In Kitchen
  • Flooring: Carpet - Wall to Wall, Vinyl/Linoleum, Wood
  • Kitchen Feature: Range Electric, Refrigerator

Exterior Features

  • Construction: Brick, Concrete Block
  • Foundation: Slab
  • Pool: No

Garage/Parking

  • Parking: Driveway

Utilities

  • Cooling: Window Units
  • Electric Authority: Alabama Power
  • Heating: Central Gas
  • Sewer: Public Sewer
  • Utilities: Cable TV Available, Electric Power, Natural Gas
  • Water: Public
  • Water Authority: Montgomery Water Works
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Parcel Number: 11-06-13-4-019-018.000

Rental Info

  • Owner Pay: Advertising, Insurance
  • Tenant Pay: All Utilities
  • Term Possible: Cash, Conventional

Multi Family

  • Total Units: 2
  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2023
Sold by
Sfr 1 Llc
Bought by
Rkr Homestead Llc
Current Estimated Value
$74,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$934,700
Outstanding Balance
$921,536
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
-$822,536

Purchase Details

Listed on
Jan 9, 2020
Closed on
Feb 17, 2020
Sold by
G & S Group Llc
Bought by
Speaks Capital Llc
Seller's Agent
Sarah Little
Pinnacle Group at KW Montg.
Buyer's Agent
Michael Stroup
Harris And Atkins Real Estate
List Price
$50,000
Sold Price
$41,000
Premium/Discount to List
-$9,000
-18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.45%

Purchase Details

Closed on
May 3, 2019
Sold by
Magrinat Greg J
Bought by
G & S Group Llc

Purchase Details

Closed on
May 11, 2017
Sold by
Fannie Mae
Bought by
Magrinat Greg J

Purchase Details

Closed on
Jun 26, 2001
Sold by
Davis Charlie and Davis Willie Mae
Bought by
Richardson Levi
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Rkr Homestead Llc $1,023,965 Stewart Title
Speaks Capital Llc $41,000 None Available
G & S Group Llc -- None Available
Magrinat Greg J $15,900 None Available
Richardson Levi -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rkr Homestead Llc $934,700
Previous Owner Speaks Capital Llc $383,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2020 02/18/20 Sold $41,000 -18.0% --
02/14/2020 02/14/20 Pending -- -- --
01/09/2020 01/09/20 For Sale $50,000 -- --
Source: Montgomery Area Association of REALTORS®

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 $564 $11,460 $500 $10,960
2023 $564 $10,280 $500 $9,780
2022 $326 $8,920 $500 $8,420
2021 $275 $7,540 $500 $7,040
2020 $189 $5,180 $500 $4,680
2019 $183 $5,000 $460 $4,540
2018 $189 $5,180 $0 $0
2017 $174 $4,760 $1,140 $3,620
2014 $174 $4,760 $1,140 $3,620
2013 -- $8,520 $1,140 $7,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Montgomery Area Association of REALTORS®

MLS Number: 467563

Montgomery Area Association of REALTORS®

APN: 11-06-13-4-019-018.000