$60,000
SOLD JUN 15, 2022
3 Beds
2 Baths
1,640 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$37 Per Sq Ft

20% Above List Price

4 Days on Market

Highlights

  • Second Kitchen
  • Solid Surface Countertops
  • Utility Room in Garage
  • Wood Flooring
  • Den
  • Porch

About This Home

As of October 2022

INVESTOR OPPORTUNITY! Home to be sold AS IS. Address is 112 & 114. The main house is a 2 bedroom, 1 full bath with around 1,008 square feet all on one level. There is also a detached building with a 2nd story apartment featuring an additional bedroom, full bath, living room, and kitchen. Main level of the second building could be used as a garage or workshop area. Laundry is also located here. HVAC on main house is believed to be a 2018. Buyer to confirm. This nearly 100 year old property has so much character and potential! PLEASE USE CAUTION if you decide to take the stairs up to the 2nd story apartment. Buyers/Agents at your own risk. Stairs are not safe. Only use stairs/door on the left side of the 2nd building (you cannot access on the right side). Presence of mold noted in main house. Here is your chance to be part of all the renovations going on in East Lake! This could be the perfect income producing property! Professional photos will be uploaded on Friday 5/13.

Last Agent to Sell the Property

CiCi Howell

ARC Realty - Hoover Listed on: 05/13/2022

ARC Realty - Hoover

Last Buyer's Agent

Summer McIsaac

Keller Williams Homewood License #82302

Keller Williams Homewood

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,311

Year Built

  • Built in 1923

Lot Details

  • 4,792 Sq Ft Lot
  • Interior Lot

Parking

  • 2 Car Garage
  • Garage on Main Level
  • Rear-Facing Garage
  • Driveway

Home Design

  • Slab Foundation

Interior Spaces

  • 1.5-Story Property
  • Crown Molding
  • Wood Burning Fireplace
  • Brick Fireplace
  • Family Room with Fireplace
  • Dining Room
  • Den
  • Utility Room in Garage
  • Wood Flooring
  • Crawl Space

Kitchen

  • Second Kitchen
  • Stove
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

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

Outdoor Features

  • Porch

Schools

  • Barrett Elementary School
  • Ossie Ware Mitchell Middle School
  • Woodlawn High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,311

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Down Payment Assistance: Yes
  • Down Payment Assistance URL: https://www.workforce-resource.com/dpr/listing/GALMLS/1320266?w=PubMLS
  • Living Area: 1640
  • Legal Description: East Lake BK 1 PG 217 BLK 2 LOT 10
  • List Price per Sq Ft: 30.43
  • Number Levels: 1.5-Story
  • Property Type: Single Family
  • Year Built Description: Existing
  • Year Built: 1923
  • Price Per Sq Ft: 36.59
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1923

Interior Features

  • Interior Amenities: Handiman Special
  • Fireplace Details: Brick (FIREPL)
  • Fireplace Location: Family Room (FIREPL)
  • Fireplace Type: Woodburning
  • Floors: Hardwood
  • Number Fireplaces: 1
  • Bedroom/Bathroom Features: Shared Bath, Tub/Shower Combo
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Concatenated Rooms: |Den1|Bedroom1|FullBath1|Bedroom1|DiningRoom1|Kitchen1|Living2|Bedroom2|FullBath2|2ndKitch2|
  • Room 1: Den/Family, On Level: 1
  • Room 2: Bedroom, On Level: 1
  • Room 3: Full Bath, On Level: 1
  • Room 4: Bedroom, On Level: 1
  • Room 5: Dining Room, On Level: 1
  • Room 6: Kitchen, On Level: 1
  • Room 7: Living, On Level: 2
  • Room 8: Bedroom, On Level: 2
  • Room 9: Full Bath, On Level: 2
  • Room 10: 2nd Kitchen, On Level: 2
  • Rooms Level 1: Bedroom (LVL 1), Den/Family (LVL 1), Dining Room (LVL 1), Full Bath (LVL 1), Kitchen (LVL 1)
  • Rooms Level 2 Plus: 2nd Kitchen (LVL 2+), Bedroom (LVL 2+), Full Bath (LVL 2+), Living (LVL 2+)
  • Kitchen Countertops: Solid Surface
  • Kitchen Equipment: Stove-Gas
  • Kitchen Features: Eating Area
  • Laundry: Yes
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Utilities in Garage, Washer Hookup
  • Laundry Location: Laundry (MLVL)
  • Laundry Space: Garage Area
  • Main Level Sq Ft: 1008
  • Upper Level Sq Ft: 632

Exterior Features

  • Construction: Wood
  • Exterior Features: Porch
  • Foundation: Crawl Space, Slab
  • Water Heater: Electric (WTRHTR)

Garage/Parking

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

Utilities

  • Heating: Central (HEAT)
  • Cooling: Central (COOL), Electric (COOL)
  • Sewer/Septic System: Connected
  • Water: Public Water
  • HVAC Area: 1640

Schools

  • Elementary School: BARRETT
  • Middle School: OSSIE WARE MITCHELL
  • High School: WOODLAWN

Lot Info

  • Assessor Parcel Number: 23-00-15-4-013-018.000
  • Lot Description: Interior Lot
  • Lot Number: 018.000
  • Number Acres: 0.11

Tax Info

  • Tax District: BIRMINGHAM

MLS Schools

  • Elementary School: BARRETT
  • High School: WOODLAWN
  • Jr Middle School: OSSIE WARE MITCHELL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2022
Closed on
Oct 21, 2022
Sold by
Magic City Holdings Llc
Bought by
Luve Investments Llc
Seller's Agent
Summer McIsaac
Keller Williams Homewood
Buyer's Agent
Abi Deaton
Keller Williams Trussville
List Price
$198,000
Sold Price
$172,000
Premium/Discount to List
-$26,000
-13.13%
Total Days on Market
4
Current Estimated Value
$129,943

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$42,057
Avg. Annual Appreciation
-7.49%
Original Mortgage
$137,600
Outstanding Balance
$133,845
Interest Rate
6.7%
Mortgage Type
Mortgage Modification
Estimated Equity
$6,535

Purchase Details

Listed on
May 13, 2022
Closed on
Jun 13, 2022
Sold by
Towers Lura Sims
Bought by
Magic City Holdings Llc
Seller's Agent
CiCi Howell
ARC Realty - Hoover
Buyer's Agent
Summer McIsaac
Keller Williams Homewood
List Price
$49,900
Sold Price
$60,000
Premium/Discount to List
$10,100
20.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1926.71%
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $172,000 --
Warranty Deed $60,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $137,600 Mortgage Modification
Previous Owner $70,000 Credit Line Revolving
Previous Owner $50,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2022 10/20/22 Sold $172,000 -13.1% $105 / Sq Ft
09/17/2022 09/17/22 For Sale $198,000 0.0% $121 / Sq Ft
09/17/2022 09/17/22 Price Changed $198,000 +15.1% $121 / Sq Ft
09/03/2022 09/03/22 Off Market $172,000 -- --
09/02/2022 09/02/22 For Sale $224,000 +273.3% $137 / Sq Ft
06/15/2022 06/15/22 Sold $60,000 +20.2% $37 / Sq Ft
05/17/2022 05/17/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $49,900 -- $30 / 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 $1,311 $18,080 -- --
2022 $0 $8,080 $1,430 $6,650
2021 $0 $6,930 $1,430 $5,500
2020 $0 $6,930 $1,430 $5,500
2019 $0 $7,720 $0 $0
2018 $0 $6,760 $0 $0
2017 $0 $6,760 $0 $0
2016 $0 $6,760 $0 $0
2015 -- $6,580 $0 $0
2014 $451 $5,580 $0 $0
2013 $451 $5,580 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Alabama MLS

MLS Number: 1320266

Greater Alabama MLS

APN: 23-00-15-4-013-018.000