NOT LISTED FOR SALE

1207 Race Track Ln Mobile, AL 36605

Baltimore Neighborhood

Estimated Value: $70,000 - $96,000

3 Beds
1 Bath
1,200 Sq Ft
$68/Sq Ft Est. Value

Last Sold March 08, 2024

Last sale price $78,500 $65 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $497/month

5 Days on Market

About This Home

As of March 2024

Here it is! The investment you have been looking for. Rented to S8 for 1148 monthly fully subsidized. Meaning S8 pays the full rent! Tenant has been in places since 2022 and wants to stay. S8 rents in the area are now 1350 + for a 3 bedroom and can be raised with a 30 day notice. 3 months of free professional management offered. Can you say 15% cash on cash! This is a SFR and a great way to dip your toe in out of state investing!

Last Agent to Sell the Property

Chris Creed

Clement Partners Real Estate License #01880695 Listed on: 01/30/2024

Last Buyer's Agent

Outside Agent

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $821

Year Built

  • Built in 1978

Lot Details

  • 5,000 Sq Ft Lot

Interior Spaces

  • 1,200 Sq Ft Home
  • 1-Story Property
  • Gas And Electric Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$821

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1200
  • Stories: 1
  • Year Built: 1978
  • Number Of Photos: 13
  • State Abbrv: AL
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 1.00
  • Equipment: Refrigerator, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 71.25

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 1

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall Electric
  • Water Heaters: Yes

Lot Info

  • Assessor Parcel Number: UNAVAILABLE
  • Lot Size Area: 5000

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 6.00
  • Number Of Units: 1
  • Total Annual Expense: 1500
  • Type Of Units: SFR
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2024
Closed on
Feb 29, 2024
Sold by
Hummingbird Real Estate Llc
Bought by
Cohn Marc A
Seller's Agent
Chris Creed
Clement Partners Real Estate
Buyer's Agent
Outside Agent
List Price
$85,000
Sold Price
$78,500
Premium/Discount to List
-$6,500
-7.65%
Views
35
Current Estimated Value
$81,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,908
Avg. Annual Appreciation
2.41%
Original Mortgage
$57,000
Outstanding Balance
$56,063
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$25,345

Purchase Details

Listed on
May 5, 2022
Closed on
Aug 10, 2022
Sold by
James Daniels
Bought by
Hummingbird Real Estate Llc
Seller's Agent
Lonnie Cowan
Keller Williams Realty Gulf Co
Buyer's Agent
Lonnie Cowan
Keller Williams Realty Gulf Co
List Price
$38,000
Sold Price
$32,500
Premium/Discount to List
-$5,500
-14.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
72.93%

Purchase Details

Closed on
Mar 26, 2021
Sold by
Adibnejad Cyrus
Bought by
Daniels James

Purchase Details

Closed on
Mar 20, 2021
Sold by
Adibnejad Cyrus
Bought by
Daniels James

Purchase Details

Closed on
Feb 1, 2012
Sold by
La Financial Llc
Bought by
Adibnejad Cyrus

Purchase Details

Closed on
Dec 11, 2008
Sold by
Helping Everyone Inc
Bought by
La Financial

Purchase Details

Closed on
Oct 3, 2008
Sold by
Mooring Tax Asset Group Llc
Bought by
Helping Everyone Inc

Purchase Details

Closed on
Aug 22, 2008
Sold by
Turner Deborah
Bought by
Mooring Tax Asset Group Llc
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
Cohn Marc A $78,500 None Listed On Document
Hummingbird Real Estate Llc $32,500 None Listed On Document
Daniels James $29,500 None Available
Daniels James $29,500 None Listed On Document
Adibnejad Cyrus $38,200 None Available
La Financial -- None Available
Helping Everyone Inc -- None Available
Mooring Tax Asset Group Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cohn Marc A $57,000
Previous Owner Hummingbird Real Estate Llc $25,000
Previous Owner La Financial Llc $23,420
Previous Owner Turner Deborah $23,080
Previous Owner Turner $21,628
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2024 03/08/24 Sold $78,500 -8.2% $65 / Sq Ft
02/04/2024 02/04/24 Pending -- -- --
01/30/2024 01/30/24 Price Changed $85,500 +0.6% $71 / Sq Ft
01/30/2024 01/30/24 For Sale $85,000 +161.5% $71 / Sq Ft
07/29/2022 07/29/22 Sold $32,500 -7.1% $29 / Sq Ft
07/22/2022 07/22/22 Pending -- -- --
07/17/2022 07/17/22 Price Changed $35,000 -7.9% $31 / Sq Ft
06/27/2022 06/27/22 For Sale $38,000 0.0% $33 / Sq Ft
06/22/2022 06/22/22 Pending -- -- --
06/05/2022 06/05/22 Price Changed $38,000 -20.8% $33 / Sq Ft
05/22/2022 05/22/22 Price Changed $48,000 -12.7% $42 / Sq Ft
05/12/2022 05/12/22 Price Changed $55,000 -15.4% $48 / Sq Ft
05/05/2022 05/05/22 For Sale $65,000 -- $57 / Sq Ft
Source: The 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 $821 $7,320 $1,200 $6,120
2023 $821 $6,600 $1,200 $5,400
2022 $202 $1,590 $430 $1,160
2021 $168 $2,640 $860 $1,780
2020 $163 $2,560 $780 $1,780
2019 $157 $2,480 $600 $1,880
2018 $157 $2,480 $0 $0
2017 $231 $3,640 $0 $0
2016 $3,014 $47,460 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Chris Creed

    Clement Partners Real Estate

    Section Image

  • O

    Buyer's Agent in 2024

    Outside Agent

  • Lonnie Cowan

    Seller's Agent in 2022

    Lonnie Cowan

    Keller Williams Realty Gulf Co

    (850) 316-7200

    1 in this area

    141 Total Sales

    Lonnie Cowan
    Section Image
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Map

Source: The MLS

MLS Number: 24-353063

The MLS

APN: 29-10-27-3-004-065

Alabama Mobile County Mobile 36605 Baltimore

1207 Race Track Ln, Mobile, AL

This home is located at 1207 Race Track Ln, Mobile, AL 36605 since 30 January 2024 and is currently estimated at $81,408, approximately $67 per square foot. This property was built in 1978. 1207 Race Track Ln is a home located in Mobile County with nearby schools including Erwin Craighead Elementary School, Williamson High School, and Calloway Smith Middle School.

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