NOT LISTED FOR SALE

Estimated Value: $419,000 - $654,229

4 Beds
3 Baths
2,885 Sq Ft
$188/Sq Ft Est. Value

Last Sold August 24, 2023

Last sale price $660,000 $229 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $3,413/month

2 Days on Market

Highlights

  • Boathouse
  • 180 Feet of Waterfront
  • Community Boat Slip
  • Shelby Elementary School Rated A-
  • Private Dock
  • Home Theater

About This Home

As of August 2023

Completely renovated with stunning designer choices, this home on Lay Lake comes FULLY FURNISHED and is ready for you and your guests to enjoy. Home was taken down to studs in 2021 & rebuilt w/ new everything. Designer Kitchen flows into Living Rm & makes perfect gathering space. Large custom dining banquette built into Kitchen cabinetry. Kitchen also has counter-to-ceiling tile walls w/ open shelving, quartz counters, stainless appliances, updated lighting, & huge island w/ tons of cabinetry. Living Rm has painted brick fireplace & large windows leading to covered/screened porch w/ picturesque lake views. Main level Primary Ste has double-bowl vanity & gorgeous tile shower. Home also has massive Gameroom w/ home theater area & added sleeping. Bsmt has great views of lake w/ more sleeping & gathering space. Home sits in low-traffic cove w/ boathouse, sun deck. Per seller: home generated $23k gross revenue year-to-date (thru June) for short-term rentals; water depth off dock is 8ft +/-.

Last Listed By

David Mackle

ARC Realty Cahaba Heights Listed on: 07/27/2023

ARC Realty Cahaba Heights

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,700

Year Built

  • Built in 1967

Lot Details

  • 0.8 Acre Lot
  • 180 Feet of Waterfront
  • Heavily Wooded Lot

Home Design

  • HardiePlank Siding

Interior Spaces

  • 1-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Fireplace
  • Brick Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • Home Theater
  • Den
  • Play Room
  • Screened Porch
  • Lake Views
  • Pull Down Stairs to Attic

Kitchen

  • Convection Oven
  • Electric Oven
  • Electric Cooktop
  • Stainless Steel Appliances
  • Stone Countertops

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Split Vanities
  • Bathtub and Shower Combination in Primary Bathroom
  • Separate Shower

Laundry

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

Finished Basement

  • Partial Basement
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Laundry in Basement
  • Natural lighting in basement

Parking

  • Garage on Main Level
  • Driveway

Eco-Friendly Details

  • ENERGY STAR/CFL/LED Lights

Outdoor Features

  • Water Access
  • Swimming Allowed
  • Water Skiing Allowed
  • Boathouse
  • Private Dock
  • Covered Deck
  • Screened Deck
  • Patio

Schools

  • Shelby Elementary School
  • Columbiana Middle School
  • Shelby County High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Two Heating Systems
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

Community Details

Overview

Recreation

  • Community Boat Slip
  • Community Boat Launch
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,700

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Access: Paved Road, Public Road
  • Down Payment Assistance: Yes
  • Down Payment Assistance URL: https://www.workforce-resource.com/dpr/listing/GALMLS/1360718?w=PubMLS
  • Living Area: 1917
  • Legal Description: Lot: 307 ALA POWER CO RECREATIONAL COTTAGE SITE SECTOR 4
  • Dual or Variable Rate Commission: Yes
  • List Price per Sq Ft: 352.11
  • Number Levels: 1-Story
  • Property Type: Single Family
  • Termite Company Name: Wayne's
  • Termite Contract: Yes
  • Year Built Description: Existing
  • Year Built: 1967
  • Price Per Sq Ft: 228.77
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1967

Interior Features

  • Interior Amenities: Home Theater, Recess Lighting
  • Fireplace Details: Brick (FIREPL)
  • Fireplace Location: Living Room (FIREPL)
  • Fireplace Type: Woodburning
  • Floors: Tile Floor, Vinyl
  • Number Fireplaces: 1
  • Bedroom/Bathroom Features: Separate Shower, Separate Vanities, Tub/Shower Combo, Walk-In Closets
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Concatenated Rooms: |Kitchen1|Living1|MasterBR1|MasterBath1|Bedroom1|FullBath1|Play/Rec1|Laundry1|DenB|BedroomB|FullBathB|BedroomB|LaundryB|
  • Room 1: Kitchen, On Level: 1
  • Room 2: Living, On Level: 1
  • Room 3: Master Bedroom, On Level: 1
  • Room 4: Master Bath, On Level: 1
  • Room 5: Bedroom, On Level: 1
  • Room 6: Full Bath, On Level: 1
  • Room 7: Play/Rec, On Level: 1
  • Room 8: Laundry, On Level: 1
  • Room 9: Den/Family, On Level: B
  • Room 10: Bedroom, On Level: B
  • Room 11: Full Bath, On Level: B
  • Room 12: Bedroom, On Level: B
  • Room 13: Laundry, On Level: B
  • Basement Rooms: Bedroom (LVL BSMT), Den/Family (LVL BSMT), Full Bath (LVL BSMT), Laundry (LVL BSMT)
  • Rooms Level 1: Bedroom (LVL 1), Full Bath (LVL 1), Kitchen (LVL 1), Laundry (LVL 1), Living (LVL 1), Master Bath (LVL 1), Master Bedroom (LVL 1), Play/Rec (LVL 1)
  • Basement Style: Partial Basement
  • Basement Style II: All Finished
  • Basement Style III: Daylight Basement
  • Kitchen Countertops: Stone (KIT)
  • Kitchen Equipment: Convection Oven, Cooktop-Electric, Oven-Electric, Self-Cleaning, Refrigerator, Some Stainless Appl
  • Kitchen Features: Eating Area
  • Laundry: Yes
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Washer Hookup
  • Laundry Location: Laundry (BSMT), Laundry (MLVL)
  • Laundry Space: Closet, Room, Basement Area
  • Attic: Yes
  • Attic Type: Pull-Down
  • Basement Finished Sq Ft: 968
  • Main Level Sq Ft: 1917

Exterior Features

  • Patio: Yes
  • Waterfront Name: LAY LAKE
  • Construction: Siding-Hardiplank
  • Decks: Yes
  • Decks Type: Covered (DECK), Screened (DECK)
  • Exterior Features: Boat House Private, Dock Private, Storage Building, Porch, Porch Screened
  • Foundation: Basement
  • Patio Type: Open (PATIO)
  • Waterfront: Yes
  • Waterfront Frontage: 180
  • Water Heater: Electric (WTRHTR)

Garage/Parking

  • Parking Features: Driveway Parking, Parking (MLVL)

Utilities

  • Heating: 3+ Systems (HEAT), Central (HEAT), Dual Systems (HEAT)
  • Cooling: 3+ Systems (COOL), Central (COOL)
  • Sewer/Septic System: Septic
  • Water: Public Water
  • HVAC Area: 2885

Condo/Co-op/Association

  • Amenities: Boat Launch, Boats-Motorized Allowed, Fishing, River, Skiing Allowed, Swimming Allowed, Boat Slip, Water Access

Fee Information

  • Fire Fee: Yes
  • Fire Fee Amount: 400
  • Fire Fee Per: Yearly
  • Garbage Fee: Yes
  • Garbage Fee Amount: 62
  • Garbage Fee Per: Quarterly

Schools

  • Elementary School: SHELBY
  • Middle School: COLUMBIANA
  • High School: SHELBY COUNTY

Lot Info

  • Assessor Parcel Number: 33-1-01-0-001-024.008
  • Lot Description: Heavy Treed Lot
  • Lot View: Yes
  • Lot View Type: Lake/Water View
  • Number Acres: 0.8

Green Features

  • Energy Green Features: Ceiling Fans, Doub Paned Windows, LED Lighting

Tax Info

  • Tax District: COUNTY
  • Annual Tax: 2700

MLS Schools

  • Elementary School: SHELBY
  • High School: SHELBY COUNTY
  • Jr Middle School: COLUMBIANA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2023
Closed on
Aug 24, 2023
Sold by
Weber Michael W and Weber Wendy P
Bought by
Leonard Valerie R
Seller's Agent
David Mackle
ARC Realty Cahaba Heights
Buyer's Agent
Courtney Higdon
ARC Realty Pelham Branch
List Price
$675,000
Sold Price
$660,000
Premium/Discount to List
-$15,000
-2.22%
Total Days on Market
2
Views
31
Current Estimated Value
$543,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$116,943
Avg. Annual Appreciation
-5.94%
Original Mortgage
$528,000
Outstanding Balance
$519,749
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$75,018

Purchase Details

Listed on
Jan 28, 2021
Closed on
Feb 12, 2021
Sold by
Malmberg Robert and Wasley Mary
Bought by
Weber Michael W and Weber Wendy P
Seller's Agent
Lea Corley
Keller Williams Metro South
Buyer's Agent
John Franklin
RealtySouth-OTM-Acton Rd
List Price
$275,000
Sold Price
$300,000
Premium/Discount to List
$25,000
9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.57%

Purchase Details

Closed on
Oct 31, 2016
Sold by
Schencker Mitchell
Bought by
Malmberg Robert and Wasley Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2006
Sold by
Schencker Kathryn W
Bought by
Schencker Mitchell

Range of Values:

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Average Value
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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
Leonard Valerie R $660,000 None Listed On Document
Weber Michael W $300,000 None Listed On Document
Weber Michael W $300,000 None Available
Malmberg Robert $215,000 None Available
Schencker Mitchell -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leonard Valerie R $528,000
Previous Owner Weber Michael W $420,000
Previous Owner Malmberg Robert $172,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2023 08/24/23 Sold $660,000 -2.2% $229 / Sq Ft
07/29/2023 07/29/23 Pending -- -- --
07/27/2023 07/27/23 For Sale $675,000 +125.0% $234 / Sq Ft
02/12/2021 02/12/21 Sold $300,000 +9.1% $151 / Sq Ft
02/02/2021 02/02/21 Pending -- -- --
01/28/2021 01/28/21 For Sale $275,000 -- $138 / Sq Ft
Source: Greater Alabama MLS

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
2024 $4,823 $109,620 $0 $0
2023 $2,827 $64,260 $0 $0
2022 $2,694 $61,220 $0 $0
2021 $0 $24,520 $0 $0
2020 $0 $24,140 $0 $0
2019 $0 $23,940 $0 $0
2017 $704 $16,940 $0 $0
2015 $593 $14,400 $0 $0
2014 $583 $14,180 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Alabama MLS

MLS Number: 1360718

Greater Alabama MLS

APN: 33-1-01-0-001-024-008