NOT LISTED FOR SALE

1061 Lake Colony Ln Vestavia, AL 35242

Cahaba Heights Neighborhood

Estimated Value: $691,199 - $900,000

5 Beds
4.5 Baths
4,141 Sq Ft
$185/Sq Ft Est. Value

Last Sold September 15, 2014

Last sale price $489,900 $118 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $4,526/month

Highlights

  • Community Boat Launch
  • Gated with Attendant
  • Fishing
  • Vestavia Hills Elementary Liberty Park Rated A+
  • Home Theater
  • Outdoor Pool

About This Home

As of September 2014

BEST BUY IN TOWN! Don't let your clients miss out on this fabulous home offered at this amazing price.This beautiful well loved home has a fabulous open floor plan that is great for entertaining & easy living. The house sits on one of the largest lots in Liberty Park and the owners love the privacy and natural light that spills into the house. Fully updated with a finished basement that boast a theatre room, exercise room and playroom plus an office/5th br and full bath. There is storage galore, speakers throughout, sprinkler system, security system, fenced yard and play fort/swing set ready to be played on. Walk to school, community pool, tennis and parks. PRICED TO SELL!

Last Agent to Sell the Property

Liz Clark

LAH Sotheby's International Realty Mountain Brook License #000059681 Listed on: 06/24/2014

LAH Sotheby's International Realty Mountain Brook

Last Buyer's Agent

Glenda Jones

RealtySouth-OTM-Acton Rd

RealtySouth-OTM-Acton Rd

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,001

Year Built

  • 1999

Lot Details

  • Fenced Yard
  • Irregular Lot
  • Sprinkler System
  • Few Trees

HOA Fees

  • $100 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Side Facing Garage
  • Driveway
  • Off-Street Parking

Interior Spaces

  • 2-Story Property
  • Sound System
  • Cathedral Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Family Room with Fireplace
  • Dining Room
  • Home Theater
  • Home Office
  • Play Room
  • Keeping Room
  • Pull Down Stairs to Attic
  • Finished Basement

Kitchen

  • Double Oven
  • Electric Cooktop
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary Bedroom on Main
  • Walk-In Closet
  • Split Vanities
  • Hydromassage or Jetted Bathtub
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Outdoor Pool
  • Swimming Allowed
  • Pond
  • Deck

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 27-08-1-000-009.000

Community Details

Overview

  • The community has rules related to allowable golf cart usage in the community

Recreation

  • Community Boat Launch
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Fishing
  • Park
  • Trails
  • Bike Trail

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,001

Year Built

1999

Lot Details

0

HOA Fees

$100 per month

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Access: Paved Road
  • Living Area: 4141
  • Legal Description: Lot 8 Vestlake Village 5th Sector first phase
  • List Price per Sq Ft: 118.3
  • Number Levels: 2+ Story
  • Property Type: Single Family
  • Termite Contract: Yes
  • Year Built Description: Existing
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1999

Interior Features

  • Interior Amenities: Home Theater, Recess Lighting, Sound System
  • Fireplace Location: Family Room (FIREPL)
  • Fireplace Type: Gas (FIREPL)
  • Floors: Carpet, Hardwood, Tile Floor
  • Number Fireplaces: 1
  • Bedroom/Bathroom Features: Jetted Tub, Separate Shower, Separate Vanities, Sitting Area in Master, Walk-In Closets
  • Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Room 1: Living, On Level: 1
  • Room 2: Dining Room, On Level: 1
  • Room 3: Den/Family, On Level: 1
  • Room 4: Kitchen, On Level: 1
  • Room 5: Keeping Room, On Level: 1
  • Room 6: Laundry, On Level: 1
  • Room 7: Half Bath, On Level: 1
  • Room 8: Master Bedroom, On Level: 1
  • Room 9: Master Bath, On Level: 1
  • Room 10: Bedroom, On Level: 2
  • Room 11: Bedroom, On Level: 2
  • Room 12: Bedroom, On Level: 2
  • Room 13: Media, On Level: B
  • Room 14: Office/Study, On Level: B
  • Room 15: Play/Rec, On Level: B
  • Basement Rooms: Media (LVL BSMT), Office/Study (LVL BSMT), Play/Rec (LVL BSMT)
  • Rooms Level 1: Den/Family (LVL 1), Dining Room (LVL 1), Half Bath (LVL 1), Keeping Room (LVL 1), Kitchen (LVL 1), Laundry (LVL 1), Living (LVL 1), Master Bath (LVL 1), Master Bedroom (LVL 1)
  • Rooms Level 2 Plus: Bedroom (LVL 2+)
  • Basement Style II: All Finished
  • Basement Style III: Poured Concrete Walls
  • Kitchen Equipment: Cooktop-Electric, Dishwasher Built-In, Microwave Built-In, Double Oven
  • Kitchen Features: Eating Area, Island
  • Laundry: Yes
  • Laundry Location: Laundry (MLVL)
  • Laundry Space: Room
  • Attic: Yes
  • Attic Type: Pull-Down, Walk-In
  • Main Level Sq Ft: 3152
  • Upper Level Sq Ft: 989

Exterior Features

  • Construction: 4 Side Brick
  • Decks: Yes
  • Decks Type: Open (DECK)
  • Exterior Features: Fenced Yard, Sprinkler System
  • Foundation: Basement
  • Pool: Yes
  • Pool: Community
  • Water Heater: Gas (WTRHTR)

Garage/Parking

  • Garage Entry Location: Side
  • Number Garage Spaces Bsmt Lvl: 2
  • Number Total Garage Spaces: 2
  • Parking Features: Driveway Parking, Off Street Parking

Utilities

  • Heating: Central (HEAT), Gas Heat
  • Cooling: Central (COOL)
  • Sewer/Septic System: Connected
  • Water: Public Water

Condo/Co-op/Association

  • Amenities: Bike Trails, Boat Launch, Fishing, Gate Attendant, Golf Cart Path, Park, Playgound, Pond, Sidewalks, Swimming Allowed, Tennis Courts, Walking Paths
  • Association Fee: Yes
  • Association Fee: 1200
  • Association Fee Per: Yearly

Schools

  • Elementary School: VESTAVIA-LIBERTY PARK
  • Middle School: LIBERTY PARK
  • High School: VESTAVIA HILLS

Lot Info

  • Assessor Parcel Number: 27-08-1-000-009.000
  • Lot Description: Irregular Lot, Some Trees

Tax Info

  • Tax District: VESTAVIA HILLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2014
Closed on
Sep 15, 2014
Sold by
Trotter William Blake
Bought by
Carlo Enrique and Carlo Laura M
Seller's Agent
Liz Clark
LAH Sotheby's International Realty Mountain Brook
Buyer's Agent
Glenda Jones
RealtySouth-OTM-Acton Rd
List Price
$500,000
Sold Price
$489,900
Premium/Discount to List
-$10,100
-2.02%
Current Estimated Value
$764,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,400
Avg. Annual Appreciation
4.11%
Original Mortgage
$391,920
Outstanding Balance
$300,373
Interest Rate
4.17%
Mortgage Type
New Conventional
Estimated Equity
$463,927

Purchase Details

Closed on
Nov 29, 2006
Sold by
Wildhagen Eric L and Wildhagen Jackie L
Bought by
Trotter William Blake and Trotter Christy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 24, 2001
Sold by
Carothers David E and Carothers Karen R
Bought by
Wildhagen Eric L and Wildhagen Jackie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,100
Interest Rate
6.87%

Purchase Details

Closed on
Nov 30, 1999
Sold by
Liberty Park Joint Venture
Bought by
Carothers David E and Carothers Karen R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,900
Interest Rate
7.94%
Source: Public Records

Range of Values:

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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
Carlo Enrique $489,900 --
Trotter William Blake $502,000 None Available
Wildhagen Eric L $399,000 --
Carothers David E $389,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carlo Enrique $391,920
Previous Owner Trotter William Blake $375,000
Previous Owner Wildhagen Eric L $359,100
Previous Owner Carothers David E $299,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2014 09/15/14 Sold $489,900 -2.0% $118 / Sq Ft
08/01/2014 08/01/14 Pending -- -- --
06/24/2014 06/24/14 For Sale $500,000 -- $121 / 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 $5,001 $58,700 -- --
2022 $4,642 $50,690 $13,500 $37,190
2021 $4,523 $49,410 $13,500 $35,910
2020 $4,429 $48,400 $16,340 $32,060
2019 $4,762 $52,000 $0 $0
2018 $4,440 $48,520 $0 $0
2017 $4,405 $48,140 $0 $0
2016 $4,270 $46,680 $0 $0
2015 $4,270 $46,680 $0 $0
2014 $4,210 $45,260 $0 $0
2013 $4,210 $45,260 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Liz Clark

    LAH Sotheby's International Realty Mountain Brook

    Section Image
  • Glenda Jones

    Buyer's Agent in 2014

    Glenda Jones

    RealtySouth

    (205) 410-3000

    1 in this area

    23 Total Sales

    Glenda Jones
    Section Image
See All Agents

Map

Source: Greater Alabama MLS

MLS Number: 601304

Greater Alabama MLS

APN: 27-00-08-1-000-009.000

Alabama Jefferson County Vestavia 35242 Cahaba Heights

1061 Lake Colony Ln, Vestavia, AL

This home is located at 1061 Lake Colony Ln, Vestavia, AL 35242 since 24 June 2014 and is currently estimated at $764,300, approximately $184 per square foot. This property was built in 1999. 1061 Lake Colony Ln is a home located in Jefferson County with nearby schools including Vestavia Hills Elementary Liberty Park, Liberty Park Middle School, and Vestavia Hills High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Alabama MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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