NOT LISTED FOR SALE

1416 Posey Cir Mount Olive, AL 35117

Estimated Value: $180,000 - $244,000

3 Beds
2 Baths
1,572 Sq Ft
$129/Sq Ft Est. Value

Last Sold November 09, 2021

Last sale price $153,000 $97 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,208/month

44 Days on Market

Highlights

  • Covered Patio or Porch
  • Living Room
  • Tile Flooring
  • Bragg Middle School Rated 9+
  • Laundry Room
  • 1-Story Property

About This Home

As of November 2021

Great deal in the sought after Mount Olive community. Large lot in a private setting. Fresh interior paint, new flooring in the dining room, laundry and bath. New Roof, extra insulation added in the attic. Three good sized bedrooms with 2 full baths. Nice out building with electricity, plus a second storage building perfect for lawn equipment and tools. Lovely patio area with modern sun shade. New stove & countertops in the kitchen and good sized formal dining room. The master bath has a separate shower & jetted tub plus walk in closet. The water heater replaced 1 year ago. All drains have been replaced along with a big portion of plumbing updated.

Last Agent to Sell the Property

Johnna Gowen

Monarch Realty LLC Listed on: 08/28/2021

Last Buyer's Agent

Justin Jones

Evernest Too, LLC License #134618

Evernest Too, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $526

Year Built

  • Built in 1959

Lot Details

  • 0.7 Acre Lot

Home Design

  • Brick Foundation
  • Siding

Interior Spaces

  • 1,572 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Living Room
  • Dining Room
  • Crawl Space

Kitchen

  • Stove
  • Laminate Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer and Electric Dryer Hookup

Parking

  • 1 Carport Space
  • Driveway

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Mt Olive Elementary School
  • Bragg Middle School
  • Gardendale High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Community Details

  • $11 Other Monthly Fees

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$526

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Down Payment Assistance: Yes
  • Down Payment Assistance URL: https://www.workforce-resource.com/dpr/listing/GALMLS/1296842?w=PubMLS
  • Living Area: 1572
  • Legal Description: COM SE COR OF NW 1/4 OF SW 1/4 SEC 32 TP 15S R 3W TH W 5 FT TO POB TH CONT W 137.5 FT TH N 223.1 FT TH ELY 134 FT TH S 223.5 FT TO POB SECT 32 TWSP 15S RANGE 3W
  • Number Levels: 1-Story
  • Property Type: Single Family
  • Year Built Description: Existing
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1959

Interior Features

  • Floors: Hardwood Laminate, Tile Floor
  • Bedroom/Bathroom Features: Tub/Shower Combo
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Concatenated Rooms: |Living1|DiningRoom1|Kitchen1|Bedroom1|FullBath1|Bedroom1|MasterBR1|MasterBath1|Laundry1|
  • Room 1: Living, On Level: 1
  • Room 2: Dining Room, On Level: 1
  • Room 3: Kitchen, On Level: 1
  • Room 4: Bedroom, On Level: 1
  • Room 5: Full Bath, On Level: 1
  • Room 6: Bedroom, On Level: 1
  • Room 7: Master Bedroom, On Level: 1
  • Room 8: Master Bath, On Level: 1
  • Room 9: Laundry, On Level: 1
  • Rooms Level 1: Bedroom (LVL 1), Dining Room (LVL 1), Full Bath (LVL 1), Kitchen (LVL 1), Laundry (LVL 1), Living (LVL 1), Master Bath (LVL 1), Master Bedroom (LVL 1)
  • Kitchen Countertops: Laminate
  • Kitchen Equipment: Stove-Electric
  • Laundry: Yes
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Washer Hookup
  • Laundry Location: Laundry (MLVL)
  • Laundry Space: Room
  • Main Level Sq Ft: 1572

Exterior Features

  • Patio: Yes
  • Construction: Brick Over Foundation, Siding-Other
  • Exterior Features: Storage Building
  • Foundation: Crawl Space
  • Patio Type: Covered - (PATIO)
  • Water Heater: Electric (WTRHTR)

Garage/Parking

  • Number Carport Spaces: 1
  • Parking Features: Driveway Parking

Utilities

  • Heating: Central (HEAT)
  • Cooling: Central (COOL)
  • Sewer/Septic System: Septic
  • Water: Public Water
  • HVAC Area: 1572

Fee Information

  • Garbage Fee: Yes
  • Garbage Fee Amount: 34
  • Garbage Fee Per: Quarterly

Lot Info

  • Assessor Parcel Number: 07-00-32-3-004-002.002
  • Number Acres: 0.7

Tax Info

  • Tax District: MOUNT OLIVE
  • Annual Tax: 526

MLS Schools

  • Elementary School: MT OLIVE
  • High School: GARDENDALE
  • Jr Middle School: BRAGG

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2021
Closed on
Nov 8, 2021
Sold by
Gr Bama Properties Llc
Bought by
Adams Jay P and Adams Kelly J
Seller's Agent
Johnna Gowen
Monarch Realty LLC
Buyer's Agent
Justin Jones
Evernest Too, LLC
List Price
$169,000
Sold Price
$153,000
Premium/Discount to List
-$16,000
-9.47%
Current Estimated Value
$203,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,473
Avg. Annual Appreciation
7.01%
Original Mortgage
$122,400
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 21, 2021
Closed on
Jul 28, 2021
Sold by
Black Michael
Bought by
Gr Bama Properties Llc
Seller's Agent
Johnna Gowen
Monarch Realty LLC
Buyer's Agent
Johnna Gowen
Monarch Realty LLC
List Price
$165,000
Sold Price
$130,000
Premium/Discount to List
-$35,000
-21.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
78.93%

Purchase Details

Closed on
Feb 25, 2009
Sold by
Fannie Mae
Bought by
Black Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,686
Interest Rate
5.29%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 30, 2006
Sold by
Mcgill James H and Mcgill Tina D
Bought by
Russell Brandon and Powell Amber

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
6.33%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Adams Jay P $153,000 --
Gr Bama Properties Llc $130,000 --
Black Michael $90,000 None Available
Russell Brandon $118,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adams Jay P $122,400
Previous Owner Black Michael $88,686
Previous Owner Black Michael $2,700
Previous Owner Russell Brandon $118,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/09/2021 11/09/21 Sold $153,000 -6.7% $97 / Sq Ft
09/23/2021 09/23/21 Price Changed $164,000 -3.0% $104 / Sq Ft
08/28/2021 08/28/21 For Sale $169,000 +30.0% $108 / Sq Ft
07/29/2021 07/29/21 Sold $130,000 -21.2% $83 / Sq Ft View Prior Sale
06/21/2021 06/21/21 For Sale $165,000 -- $105 / Sq Ft
Source: Greater Alabama MLS

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 $1,801 $35,940 -- --
2022 $657 $14,180 $4,800 $9,380
2021 $525 $11,530 $4,800 $6,730
2020 $525 $11,530 $4,800 $6,730
2019 $525 $11,540 $0 $0
2018 $539 $11,820 $0 $0
2017 $520 $11,440 $0 $0
2016 $502 $11,080 $0 $0
2015 $502 $11,080 $0 $0
2014 $609 $11,580 $0 $0
2013 $609 $10,940 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Alabama MLS

MLS Number: 1296842

Greater Alabama MLS

APN: 07-00-32-3-004-002.002