NOT LISTED FOR SALE

140 Chestnut Dr Madison, AL 35758

Estimated Value: $228,000 - $269,000

0.92 Acres
$270,567 Price per Acre
40,075 Sq Ft Lot

Last Sold February 28, 2025

Last sale price $240,000

Est. 4% increase in value since last sale

Current estimated payment $1,332/month

165 Days on Market

Highlights

  • 0.92 Acre Lot
  • Rainbow Elementary School Rated A
  • Level Lot

About This Lot

As of February 2025

Excellent location with 266' road frontage in the City of Madison just behind McDonald's Hamburgers. The property consists of two adjacent 1/2 acre lots. Zoned B3 which allows the highest and best commercial uses in the City of Madison.

Last Agent to Sell the Property

Alex Mukai

Avanti Realty Services LLC License #99826 Listed on: 07/18/2024

Avanti Realty Services LLC

Last Buyer's Agent

Alex Mukai

Avanti Realty Services LLC License #99826 Listed on: 07/18/2024

Avanti Realty Services LLC

Property Details

Property Type

  • Land

Lot Details

  • 0.92 Acre Lot
  • Lot Dimensions are 150 x 267
  • Level Lot

Schools

  • Discovery Elementary School
  • Bob Jones High School

Community Details

  • Chestnut Acres Subdivision

Listing and Financial Details

  • Tax Lot 4,5

Property Details

Property Type

Land

Lot Details

0.92 Acres

Listing Details

  • Current Use: Commercial
  • Property Sub Type: LOT
  • Prop. Type: Land
  • Lot Size Acres: 0.92
  • Lot Size: 150 x 267
  • Road Frontage Type: City Street
  • Subdivision Name: Chestnut Acres
  • Special Features: None

Exterior Features

  • Lot Features: Level

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Middle Or Junior School: Discovery

Lot Info

  • Lot Size Sq Ft: 40075.2
  • ResoLotSizeUnits: Acres

Green Features

Tax Info

  • Tax Lot: 4,5

MLS Schools

  • Elementary School: Rainbow Elementary
  • High School: Bob Jones

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2024
Closed on
Feb 28, 2025
Sold by
Nadia 2018 Inc
Bought by
32 Properties Llc
Seller's Agent
Alex Mukai
Avanti Realty Services LLC
Buyer's Agent
Alex Mukai
Avanti Realty Services LLC
List Price
$249,000
Sold Price
$240,000
Premium/Discount to List
-$9,000
-3.61%
Views
9
Current Estimated Value
$248,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,922
Avg. Annual Appreciation
3.54%

Purchase Details

Closed on
Apr 5, 2021
Sold by
Mckee Ryan
Bought by
Dixie Lands Inc

Purchase Details

Closed on
Jan 27, 2020
Sold by
Belue William Aaron and Belue Gwendolyn Sue
Bought by
Mckee Ryan Dexter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
3.7%
Mortgage Type
Future Advance Clause Open End Mortgage
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 Buyer Sale Price Title Company
32 Properties Llc $249,000 Jacob Title
Nadia 2018 Inc $127,000 Jacob Title
32 Properties Llc $249,000 Jacob Title
Dixie Lands Inc $77,500 None Available
Mckee Ryan Dexter $65,000 Jacob Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mckee Ryan Dexter $52,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2025 02/28/25 Sold $240,000 -3.6% --
02/10/2025 02/10/25 Off Market $249,000 -- --
12/31/2024 12/31/24 Pending -- -- --
07/18/2024 07/18/24 For Sale $249,000 -- --
Source: ValleyMLS.com

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
2025 $278 $4,000 $4,000 $0
2024 $278 $4,000 $4,000 $0
2023 $278 $4,000 $4,000 $0
2022 $278 $4,000 $4,000 $0
2021 $278 $4,000 $4,000 $0
2020 $240 $3,460 $3,460 $0
2019 $199 $3,460 $3,460 $0
2018 $199 $3,460 $0 $0
2017 $199 $3,460 $0 $0
2016 $199 $3,460 $0 $0
2015 $199 $3,460 $0 $0
2014 -- $3,460 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ValleyMLS.com

MLS Number: 21866236

ValleyMLS.com

APN: 15-08-28-2-000-036.000

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