NOT LISTED FOR SALE

137 Morris Ln Toney, AL 35773

Estimated Value: $123,000 - $523,000

Studio
-- Bath
9,776 Sq Ft
$33/Sq Ft Est. Value

Sale Details

Date Sold: August 25, 2023

Last sale price $625,000 $64 Per Sq Ft

Est. 48% decrease in value since last sale

Current estimated payment $1,838 / mo

30 Days on Market

About This Home

As of August 2023

Excellent income producing investor property on 5.32 +/- acres! This 10 space mobile home park is just minutes from the Toyota plant in Sparkman school district. Features 9 park owned mobile homes, 1 lot lease and 2-3+ additional vacant (underdeveloped) spots for potential additional income. The property currently has a yearly income of $67,500 with a great upside by increasing rents. The tenants pay their own water and electricity. All tenants are on a month-to-month lease and all rents are well below market value. This property consists of 2 parcels include 137 Morris and 157 Morris. Some units are as new as 2019 models.

Last Agent to Sell the Property

David Elmore

Re/Max Legacy License #72643 Listed on: 04/09/2023

Re/Max Legacy

Co-Listed By

Cody Smith

Smith Realty & Auction License #110514

Last Buyer's Agent

Cody Smith

Smith Realty & Auction License #110514

Property Details

Home Type

  • Multi-Family

Lot Details

  • 5.32 Acre Lot

Home Design

Parking

  • 10 Parking Spaces
  • Private Parking

Schools

  • Madison Cross Roads Elementary School
  • Sparkman Middle School
  • Sparkman High School

Utilities

  • No Heating
  • Septic Tank

Community Details

  • 9 Buildings
  • 10 Units
  • 9,776 Sq Ft Building
  • Metes And Bounds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0507250001030.000

Property Details

Home Type

Multi-Family

Lot Details

5.32 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 5.32
  • Subdivision Name: Metes And Bounds
  • Special Features: None

Exterior Features

  • Property Condition: Unknown

Garage/Parking

  • Parking Features: Private
  • Total Parking Spaces: 10

Utilities

  • Sewer: Septic Tank
  • Heating Yn: No
  • Water Source: Public

Schools

  • Middle Or Junior School: Sparkman

Lot Info

  • Parcel Number: 0507250001030.000
  • Lot Size Sq Ft: 231739.2

Green Features

Multi Family

  • Number Of Units Total: 10

MLS Schools

  • Elementary School: Madison Cross Roads
  • High School: Sparkman

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2023
Closed on
Jul 25, 2023
Sold by
Bought by
Seller's Agent
David Elmore
Re/Max Legacy
Buyer's Agent
Cody Smith
Smith Realty & Auction
List Price
$699,900
Sold Price
$625,000
Premium/Discount to List
-$74,900
-10.7%
Current Estimated Value
$325,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$299,099
Avg. Annual Appreciation
-19.99%

Purchase Details

Closed on
Oct 12, 2022
Sold by
Bought by

Purchase Details

Listed on
Mar 18, 2022
Closed on
Mar 31, 2022
Sold by
Bought by
Seller's Agent
Christina Tidwell
Crue Realty
Buyer's Agent
David Elmore
Re/Max Legacy
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.63%

Purchase Details

Closed on
Apr 30, 2008
Sold by
Bought by
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- --
$400,000 North Alabama Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $127,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/10/2025 02/10/25 Off Market $625,000 -- --
02/10/2025 02/10/25 Off Market $400,000 -- --
08/25/2023 08/25/23 Sold $625,000 -10.7% $64 / Sq Ft
05/14/2023 05/14/23 Off Market $699,900 -- --
04/10/2023 04/10/23 For Sale $699,900 +75.0% $72 / Sq Ft
03/31/2022 03/31/22 Sold $400,000 0.0% $41 / Sq Ft View Prior Sale
03/20/2022 03/20/22 Pending -- -- --
03/18/2022 03/18/22 For Sale $400,000 -- $41 / Sq Ft
Source: ValleyMLS.com

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $742 $21,660 $16,320 $5,340
2024 $742 $21,420 $16,320 $5,100
2023 $733 $21,420 $16,320 $5,100
2022 $474 $13,740 $9,320 $4,420
2021 $459 $13,340 $9,320 $4,020
2020 $444 $12,920 $9,320 $3,600
2019 $444 $12,920 $9,320 $3,600
2018 $423 $12,340 $0 $0
2017 $423 $12,340 $0 $0
2016 $423 $12,340 $0 $0
2015 $429 $12,520 $0 $0
2014 $429 $12,520 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ValleyMLS.com

MLS Number: 1831501

ValleyMLS.com

APN: 05-07-25-0-001-030.000

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