NOT LISTED FOR SALE

1117 Elm Ave Birmingham, AL 35217

Estimated Value: $119,000 - $136,000

4 Beds
2 Baths
1,524 Sq Ft
$84/Sq Ft Est. Value

Last Sold April 11, 2024

Last sale price $130,000 $85 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $832/month

3 Days on Market

Highlights

  • Tile Flooring
  • Tarrant Elementary School Rated A-
  • Central Heating and Cooling System

About This Home

As of April 2024

BACK ON THE MARKET! ATTENTION INVESTORS!! This duplex has a market rent of $1700.00 monthly at only a $130k asking price. It crushes the 1% rule! Unit A is occupied and may be viewed after an accepted contract. Unit B is rent ready and has New floors, Paint, and Kitchen Updates. Unit A pays $710.00 monthly. Unit B is vacant and ready to be filled with your next tenant at $850.00 per month.

Last Agent to Sell the Property

John Street

Keller Williams Realty Vestavia Listed on: 03/19/2024

Keller Williams Realty Vestavia

Last Buyer's Agent

Jeremy Galloway

eXp Realty, LLC Central

eXp Realty, LLC Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $997

Year Built

  • Built in 1976

Lot Details

  • 6,316

Home Design

  • Duplex
  • Brick Exterior Construction

Flooring

  • Wall to Wall Carpet
  • Tile

Basement

  • Crawl Space

Schools

  • Tarrant Elementary And Middle School
  • Tarrant High School

Utilities

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

Listing and Financial Details

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $450
  • Gross Income $20,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$997

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Down Payment Assistance: Yes
  • Down Payment Assistance URL: https://www.workforce-resource.com/dpr/listing/GALMLS/21380062?w=PubMLS
  • Dual or Variable Rate Commission: Yes
  • Property Type: Duplex
  • Year Built Description: Existing
  • Year Built: 1976
  • Price Per Sq Ft: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1976

Interior Features

  • Floors: Tile, Wall-to-Wall Carpet

Exterior Features

  • Construction: Brick
  • Foundation: Crawl Space
  • Water Heater: Gas (WTRHTR)

Garage/Parking

  • Parking: 2 Spaces per Unit

Utilities

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

Condo/Co-op/Association

  • Total Units: 2

Schools

  • Elementary School: TARRANT
  • Middle School: TARRANT
  • High School: TARRANT

Lot Info

  • Assessor Parcel Number: 23-00-05-3-030-028.000

Rental Info

  • Owner Pays: Trash Collection (OWNER)
  • Tenant Pays: All Utilities (TENANT)

Tax Info

  • Tax District: TARRANT
  • Annual Tax: 997

Multi Family

  • Expenses: 450
  • Gross Income: 20400

MLS Schools

  • Elementary School: TARRANT
  • High School: TARRANT
  • Jr Middle School: TARRANT

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2024
Closed on
Apr 11, 2024
Sold by
Gemrealestate Birmingham Llc
Bought by
Elkon David Tr and Elkon Sheila Joan Tr
Seller's Agent
John Street
Keller Williams Realty Vestavia
Buyer's Agent
Jeremy Galloway
eXp Realty, LLC Central
List Price
$130,000
Sold Price
$130,000
Total Days on Market
3
Views
69
Current Estimated Value
$127,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,468
Avg. Annual Appreciation
-1.56%

Purchase Details

Listed on
Jun 21, 2021
Closed on
Sep 30, 2021
Sold by
Jlr Properties Llc
Bought by
Gemrealestate Birmingham Llc
Seller's Agent
Josh Vernon
Keller Williams Realty Vestavia
Buyer's Agent
Codi Feltman
eXp Realty, LLC Central
List Price
$120,000
Sold Price
$107,500
Premium/Discount to List
-$12,500
-10.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.67%

Purchase Details

Closed on
Jun 29, 2017
Sold by
Jolley Michael A
Bought by
Jlr Properties Llc

Purchase Details

Closed on
Jun 28, 2013
Sold by
Lackey John C
Bought by
Jolley Michael A

Purchase Details

Closed on
Oct 3, 2000
Sold by
Lackey John C and Lackey Glenda R
Bought by
Mckibben Richard L and Mckibben Judy F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
7.97%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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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
Elkon David Tr -- --
Gemrealestate Birmingham Llc $537,500 --
Jlr Properties Llc $80,000 --
Jolley Michael A -- --
Mckibben Richard L $61,000 Alabama Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mckibben Richard L $51,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2024 04/11/24 Sold $130,000 0.0% $85 / Sq Ft
03/19/2024 03/19/24 For Sale $130,000 +20.9% $85 / Sq Ft
09/17/2021 09/17/21 Sold $107,500 -10.4% $71 / Sq Ft
06/21/2021 06/21/21 For Sale $120,000 -- $79 / 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 $1,483 $26,300 -- --
2022 $997 $17,680 $2,520 $15,160
2021 $1,111 $19,700 $2,520 $17,180
2020 $1,054 $18,680 $2,520 $16,160
2019 $1,111 $19,700 $0 $0
2018 $781 $13,840 $0 $0
2017 $781 $13,840 $0 $0
2016 $737 $13,060 $0 $0
2015 $628 $11,140 $0 $0
2014 $858 $10,980 $0 $0
2013 $858 $10,980 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Street

    Seller's Agent in 2024

    John Street

    Keller Williams Realty Vestavia

    (205) 821-2572

    3 in this area

    76 Total Sales

    John Street
    Section Image
  • Jeremy Galloway

    Buyer's Agent in 2024

    Jeremy Galloway

    eXp Realty, LLC Central

    (205) 605-9432

    1 in this area

    114 Total Sales

    Jeremy Galloway
    Section Image
  • Josh Vernon

    Seller's Agent in 2021

    Josh Vernon

    Keller Williams Realty Vestavia

    (205) 706-5260

    7 in this area

    670 Total Sales

    Josh Vernon
    Section Image
  • Mike Brown

    Seller Co-Listing Agent in 2021

    Mike Brown

    Keller Williams Realty Vestavia

    (205) 368-5995

    5 in this area

    148 Total Sales

    Mike Brown
    Section Image
  • Codi Feltman

    Buyer's Agent in 2021

    Codi Feltman

    eXp Realty, LLC Central

    (205) 544-9131

    Section Image
See All Agents

Map

Source: Greater Alabama MLS

MLS Number: 21380062

Greater Alabama MLS

APN: 23-00-05-3-030-028.000

Alabama Jefferson County Birmingham 35217

1117 Elm Ave, Birmingham, AL

This home is located at 1117 Elm Ave, Birmingham, AL 35217 since 19 March 2024 and is currently estimated at $127,532, approximately $83 per square foot. This property was built in 1976. 1117 Elm Ave is a home located in Jefferson County with nearby schools including Tarrant Elementary School, Tarrant Intermediate School, and Tarrant 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.

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