NOT LISTED FOR SALE

1071 Lake View Ln NW Arab, AL 35016

Estimated Value: $456,000 - $512,000

5 Beds
3 Baths
3,710 Sq Ft
$130/Sq Ft Est. Value

Last Sold February 06, 2018

Last sale price $262,000 $71 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $2,665/month

243 Days on Market

Highlights

  • Gated Community
  • Waterfront
  • Two cooling system units
  • Arab Primary School Rated 10
  • Ranch Style House
  • Multiple Heating Units

About This Home

As of February 2018

Waterfront Basement Home in Pine Lake Estates!! A rare find on the water! 4 possibly 5 bedroom home with 3 full bath. Main level features formal living/dining room, family room with fireplace, kitchen, breakfast bay nook, sunroom, 3 bedroom, 2 bath and large laundry. 2 car attached garage with concrete drive. Walkout basement has 2 additional bedroom, full working kitchen, large walk in pantry/storage. Living room with view of the lake, workshop area, storm/safe room, and 1 car attached garage. Beautiful lake lot, pier, picnic area!

Last Agent to Sell the Property

Lachun Weaver

RE/MAX Unlimited License #052962 Listed on: 05/05/2017

RE/MAX Unlimited

Co-Listed By

Al Weaver

RE/MAX Unlimited License #82326

Last Buyer's Agent

Hannah Matlock

Matlock Realty Group, LLC License #112153

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,275

Year Built

  • Built in 1989

Lot Details

  • Waterfront

HOA Fees

  • $23 Monthly HOA Fees

Home Design

  • Ranch Style House

Interior Spaces

  • 3,710 Sq Ft Home
  • Gas Log Fireplace
  • Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms

Schools

  • Arab Middle Elementary School
  • Arab High School

Utilities

  • Two cooling system units
  • Multiple Heating Units
  • Septic Tank

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 1305160002006000

Community Details

Overview

  • Pine Lake Association
  • Pine Lake Village Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,275

Year Built

Built in 1989

Lot Details

0

HOA Fees

$23 per month

Listing Details

  • Living Area: 3710
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Subdivision Name: Pine Lake Village
  • Architectural Style: BsmtRanch
  • New Construction: No
  • Property Attached Yn: No
  • Year Built: 1989
  • Kitchen Level: First
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 5
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Basement: Basement
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Fireplace Features: Gas Log, One
  • Fireplaces: 1
  • Fireplace: Yes
  • ResoLivingAreaSource: Appraiser
  • Room Bedroom4 Level: Basement
  • Living Room Living Room Level: First
  • Master Bedroom Master Bedroom Level: First
  • Room Office Area: 81
  • Room Bedroom3 Level: First
  • Room Bedroom2 Level: First
  • Room Family Room Level: Basement
  • Room Office Level: Basement

Exterior Features

  • Waterfront Features: Waterfront
  • Waterfront: Yes

Utilities

  • Heating: Central 2
  • Cooling: Central 2
  • Sewer: Septic Tank
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Gated
  • Association Fee: 275
  • Association Fee Frequency: Annually
  • Association Name: Pine Lake
  • Association: Yes

Schools

  • Middle Or Junior School: Arab Middle School

Lot Info

  • Parcel Number: 1305160002006000
  • ResoLotSizeUnits: Acres

Green Features

Tax Info

  • Tax Lot: 8

MLS Schools

  • Elementary School: Arab Elementary School
  • High School: Arab High School

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2024
Sold by
Lemley Gayla Ann and Lemley Jeffery Lee
Bought by
Williams Jeffery L
Current Estimated Value
$481,997

Purchase Details

Listed on
May 5, 2017
Closed on
Feb 5, 2018
Sold by
Schmidt Alice H and Shaw Stephen A
Bought by
Williams Jeffery L and Lemley Gayla A
Seller's Agent
Lachun Weaver
RE/MAX Unlimited
Buyer's Agent
Hannah Matlock
Matlock Realty Group, LLC
List Price
$325,000
Sold Price
$262,000
Premium/Discount to List
-$63,000
-19.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.21%
Original Mortgage
$235,800
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 2015
Sold by
Schmidt Alice H and Shaw Stephen A
Bought by
Schmidt Alice H

Purchase Details

Closed on
Jan 22, 2009
Sold by
Schmidt Alice H
Bought by
Schmidt Alice H and Shaw Stephen A
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
Williams Jeffery L -- None Listed On Document
Williams Jeffery L $26,200 None Available
Schmidt Alice H -- None Available
Schmidt Alice H $5,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Jeffery L $235,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2018 05/09/18 Off Market $262,000 -- --
02/06/2018 02/06/18 Sold $262,000 -8.1% $71 / Sq Ft
01/03/2018 01/03/18 Pending -- -- --
10/18/2017 10/18/17 Price Changed $285,000 -3.4% $77 / Sq Ft
07/29/2017 07/29/17 Price Changed $295,000 -6.3% $80 / Sq Ft
06/22/2017 06/22/17 Price Changed $315,000 -3.1% $85 / Sq Ft
05/05/2017 05/05/17 For Sale $325,000 -- $88 / 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
2024 $1,275 $35,780 $0 $0
2023 $1,190 $34,320 $0 $0
2022 $1,107 $33,360 $0 $0
2021 $2,512 $62,020 $0 $0
2020 $2,141 $52,860 $0 $0
2017 $851 $51,680 $0 $0
2015 -- $22,680 $0 $0
2014 -- $22,680 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lachun Weaver

    Seller's Agent in 2018

    Lachun Weaver

    RE/MAX

    (256) 513-1433

    232 Total Sales

    Lachun Weaver
    Section Image
  • Al Weaver

    Seller Co-Listing Agent in 2018

    Al Weaver

    RE/MAX

    (256) 489-9000

    147 Total Sales

    Al Weaver
    Section Image
  • Hannah Matlock

    Buyer's Agent in 2018

    Hannah Matlock

    Matlock Realty Group, LLC

    (276) 639-1142

    98 Total Sales

    Hannah Matlock
    Section Image
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Map

Source: ValleyMLS.com

MLS Number: 1068762

ValleyMLS.com

APN: 130516-0-002-006000

Alabama Marshall County Arab 35016

1071 Lake View Ln NW, Arab, AL

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