$240,000
SOLD FEB 28, 2025

140 Chestnut Dr Madison, AL 35758

0.92 Acre
$260,870 Price per Acre
40,075 Sq Ft Lot

Recently Sold

4% Below List Price

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

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
$272,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,264
Avg. Annual Appreciation
16.00%

Purchase Details

Listed on
Apr 16, 2020
Closed on
Apr 5, 2021
Sold by
Mckee Ryan
Bought by
Dixie Lands Inc
Seller's Agent
Alex Mukai
Avanti Realty Services LLC
Buyer's Agent
Alex Mukai
Avanti Realty Services LLC
List Price
$99,900
Sold Price
$77,500
Premium/Discount to List
-$22,400
-22.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.04%

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 Type Sale Price Title Company
Warranty Deed $249,000 Jacob Title
Quit Claim Deed $127,000 Jacob Title
Warranty Deed $249,000 Jacob Title
Warranty Deed $77,500 None Available
Warranty Deed $65,000 Jacob Title Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $52,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 +221.3% --
06/19/2021 06/19/21 Off Market $77,500 -- --
03/16/2021 03/16/21 Sold $77,500 -13.8% -- View Prior Sale
02/15/2021 02/15/21 Pending -- -- --
11/10/2020 11/10/20 Price Changed $89,900 -10.0% --
04/16/2020 04/16/20 For Sale $99,900 -- --
Source: ValleyMLS.com

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
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