Seller's Agent in 2017
Leda Mims
ARC Realty - Hoover
(205) 243-4599
66 in this area
284 Total Sales
1261 Lake Trace Cove Birmingham, AL 35244
Estimated Value: $1,063,000 - $1,537,000
5
Beds
5.5
Baths
6,475
Sq Ft
$209/Sq Ft
Est. Value
Highlights
- 220 Feet of Waterfront
- Second Kitchen
- Fishing
- Trace Crossings Elementary School Rated A
- In Ground Pool
- Sitting Area In Primary Bedroom
About This Home
As of September 2017Motivated Seller! New Interior Paint!! Custom built with loads of details, special features and character! This well cared for home has a great floor plan, large rooms, ELEVATOR, unbelievable closet and storage space. Can't mention all of the details, but here are a few: Two-story foyer, lots of hardwoods, formal dining room, living room with lake views, keeping room with cathedral ceiling. Kitchen has custom cabinets, granite counter tops, tile backsplash, island with breakfast bar, 'coffee cabinet', stainless appliances, W/I pantry, wine bar, screened decl with lake views. Master suite is huge with his and hers walk-in California style closet, private screened deck. Master bath has bubble-jet tub and separate tile shower. 4 additional bedrooms and office up! Daylight lower level(could be in-law suite)with den/game room w/bar, TV to stay, full bath, bonus room, exercise room, laundry, storm shelter. Main and lower level garages. Saline based gunite pool. Invisible fence front & rear!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,014
Year Built
- 2004
Lot Details
- 220 Feet of Waterfront
- Cul-De-Sac
- Interior Lot
- Irregular Lot
HOA Fees
- $55 Monthly HOA Fees
Parking
- 5 Car Garage
- Basement Garage
- Garage on Main Level
- Front Facing Garage
Interior Spaces
- 2-Story Property
- Elevator
- Wet Bar
- Sound System
- Crown Molding
- Cathedral Ceiling
- Ceiling Fan
- Recessed Lighting
- Wood Burning Fireplace
- Fireplace in Hearth Room
- Stone Fireplace
- Fireplace Features Masonry
- Gas Fireplace
- Window Treatments
- Living Room with Fireplace
- 2 Fireplaces
- Dining Room
- Den
- Screened Porch
- Keeping Room
- Lake Views
- Home Security System
Kitchen
- Second Kitchen
- Breakfast Bar
- Convection Oven
- Gas Cooktop
- Built-In Microwave
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Stone Countertops
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Sitting Area In Primary Bedroom
- Primary Bedroom on Main
- Split Bedroom Floorplan
- Walk-In Closet
- Split Vanities
- Hydromassage or Jetted Bathtub
- Separate Shower
- Linen Closet In Bathroom
Laundry
- Laundry Room
- Laundry on main level
- Sink Near Laundry
- Washer and Electric Dryer Hookup
Finished Basement
- Basement Fills Entire Space Under The House
- Recreation or Family Area in Basement
- Laundry in Basement
- Natural lighting in basement
Pool
- In Ground Pool
- Outdoor Pool
Outdoor Features
- Lake Property
- Covered Deck
- Screened Deck
- Patio
Utilities
- Central Heating and Cooling System
- Underground Utilities
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 39-00-33-3-000-003.000
Community Details
Overview
- Association fees include common grounds mntc
Recreation
- Fishing
- Trails
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 13, 2022
Sold by
Archinard Tom Meka M
Bought by
Gilford Willie Lewis and Akinloye Gilford Monifatosi
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Outstanding Balance
$1,132,445
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$221,756
Purchase Details
Listed on
Jan 6, 2017
Closed on
Sep 26, 2017
Sold by
Gossett David L
Bought by
Archinard Tom-Meka M and Archinard Kyeetha
Seller's Agent
Leda Mims
ARC Realty - Hoover
Buyer's Agent
Michele Burbank
RE/MAX Advantage
List Price
$964,900
Sold Price
$905,000
Premium/Discount to List
-$59,900
-6.21%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.15%
Original Mortgage
$813,595
Interest Rate
3.82%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 4, 2004
Sold by
Initial Builders Inc
Bought by
Gossett David L and Tohill Tracy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.85%
Mortgage Type
Construction
Purchase Details
Closed on
Mar 20, 2003
Sold by
Lott Trey D and Lott Lynn S
Bought by
Gossett David and Initial Builders Inc
Purchase Details
Closed on
Jul 26, 2001
Sold by
United States Steel Llc
Bought by
Lott Trey D and Lott Lynn S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.87%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gilford Willie Lewis | $1,200,000 | -- | |
| Archinard Tom-Meka M | $905,000 | -- | |
| Gossett David L | -- | -- | |
| Gossett David | $155,600 | -- | |
| Lott Trey D | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gilford Willie Lewis | $1,200,000 | |
| Previous Owner | Archinard Tom-Meka M | $813,595 | |
| Previous Owner | Gossett David L | $600,000 | |
| Previous Owner | Lott Trey D | $144,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/26/2017 09/26/17 | Sold | $905,000 | -4.7% | $140 / Sq Ft |
| 07/27/2017 07/27/17 | Pending | -- | -- | -- |
| 05/31/2017 05/31/17 | Price Changed | $949,900 | -1.6% | $147 / Sq Ft |
| 01/06/2017 01/06/17 | For Sale | $964,900 | -- | $149 / Sq Ft |
Source: Greater Alabama MLS
Tax History Compared to Growth
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 | $10,014 | $140,220 | -- | -- |
| 2022 | $9,154 | $126,810 | $13,000 | $113,810 |
| 2021 | $8,489 | $117,650 | $13,000 | $104,650 |
| 2020 | $7,895 | $109,330 | $13,000 | $96,330 |
| 2019 | $7,220 | $100,180 | $0 | $0 |
| 2018 | $7,509 | $104,160 | $0 | $0 |
| 2017 | $7,163 | $99,400 | $0 | $0 |
| 2016 | $7,163 | $99,400 | $0 | $0 |
| 2015 | $7,163 | $99,400 | $0 | $0 |
| 2014 | $7,052 | $97,800 | $0 | $0 |
| 2013 | $7,052 | $97,800 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Leda Mims
-
Michele Burbank
Buyer's Agent in 2017
Michele Burbank
RE/MAX
(205) 222-7630
19 in this area
194 Total Sales
Map
Source: Greater Alabama MLS
MLS Number: 770692
APN: 39-00-33-3-000-003.000
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