$355,000
$20K PRICE DROP

Estimated payment $1,998/month

Total Views 9,302
2 Beds
2 Baths
1,800 Sq Ft
$197 Price per Sq Ft

Highlights

  • 164 Feet of Waterfront
  • Community Boat Slip
  • RV or Boat Parking
  • Shelby Elementary School Rated A-
  • Fishing
  • Lake View

About This Home

Welcome to 156 Wallace Drive, this charming lake house is situated in the highly sought-after neighborhood of Shelby Shores. This residence features 2 bedrooms and 2 baths. The property spans nearly an acre of land, offering a serene atmosphere. The wraparound porch provides picturesque setting to enjoy the lake views. With some updates, this house can be transformed into your ideal weekend or permanent home. The property also includes a boathouse with 2 lifts, and 2 wave runner ramps, also comes with 3 boats and 3 Yamaha wave runner perfect for recreation. A workshop is also located on the premises.

Listing Agent

Angie Scarbrough

RealtySouth - Chilton II Listed on: 04/28/2025

RealtySouth - Chilton II

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,285

Year Built

  • Built in 1987

Lot Details

  • 164 Feet of Waterfront

Home Design

  • Vinyl Siding
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1.5-Story Property
  • Wood Burning Fireplace
  • Brick Fireplace
  • Window Treatments
  • Family Room with Fireplace
  • Den
  • Lake Views

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms
  • Garden Bath

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Finished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement
  • Stubbed For A Bathroom
  • Natural lighting in basement

Parking

  • Driveway
  • RV or Boat Parking
  • Assigned Parking

Outdoor Features

  • Water Access
  • Swimming Allowed
  • Water Skiing Allowed
  • Deck

Schools

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

Utilities

  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater
  • Septic Tank

Community Details

  • Community Boat Slip
  • Community Boat Launch
  • RV or Boat Storage in Community
  • Fishing

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,285

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Down Payment Assistance: Yes
  • Down Payment Assistance URL: https://www.workforce-resource.com/dpr/listing/GALMLS/21417289?w=PubMLS
  • Living Area: 900
  • Legal Description: Lot No.3 according to the 1971 Addition to Shelby Shores, recorded in the Probate Office of Shelby County, Alabama, in Map 5 Page 96. Also the following described land: Also a parcel of land as shown on said recorded map of the 1971 Addition to Shelby Sho
  • List Price per Sq Ft: 394.44
  • Number Levels: 1.5-Story
  • Property Type: Single Family
  • Year Built Description: Existing
  • Year Built: 1987
  • Price Per Sq Ft: 197.22
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1987

Interior Features

  • Interior Amenities: Split Bedroom
  • Fireplace Details: Brick (FIREPL)
  • Fireplace Location: Family Room (FIREPL)
  • Fireplace Type: Woodburning
  • Floors: Carpet, Vinyl
  • Number Fireplaces: 1
  • Windows Treatments: Some to Remain
  • Bedroom/Bathroom Features: Garden Tub, Shared Bath, Split Bedrooms
  • Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Concatenated Rooms: |Kitchen1|Den1|Bedroom1|FullBath1|Bedroom1|
  • Room 1: Kitchen, On Level: 1
  • Room 2: Den/Family, On Level: 1
  • Room 3: Bedroom, On Level: 1
  • Room 4: Full Bath, On Level: 1
  • Room 5: Bedroom, On Level: 1
  • Rooms Level 1: Bedroom (LVL 1), Den/Family (LVL 1), Full Bath (LVL 1), Kitchen (LVL 1)
  • Basement Style: Full Basement
  • Basement Style II: All Finished
  • Basement Style III: Concrete Block, Daylight Basement, Plumbing Stubbed
  • Kitchen Countertops: Laminate
  • Kitchen Equipment: Cooktop-Electric, Oven-Electric, Refrigerator
  • Laundry: Yes
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Washer Hookup
  • Laundry Location: Laundry (BSMT)
  • Laundry Space: Basement Area
  • Basement Finished Sq Ft: 900
  • Main Level Sq Ft: 900

Exterior Features

  • Waterfront Name: SHELBY SHORES
  • Construction: Concrete/Block, Siding-Vinyl
  • Decks: Yes
  • Decks Type: Open (DECK)
  • Exterior Features: Workshop (EXTR)
  • Foundation: Basement
  • Waterfront: Yes
  • Waterfront Frontage: 164
  • Water Heater: Electric (WTRHTR)

Garage/Parking

  • Parking Features: Assigned, Boat Parking, Driveway Parking

Utilities

  • Heating: Heat Pump (HEAT)
  • Cooling: Heat Pump (COOL)
  • Sewer/Septic System: Septic
  • Underground Utils: Yes
  • Water: Public Water
  • HVAC Area: 1800
  • Internet Service Availability: Unknown

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Assessor Parcel Number: 314180001054.000
  • Lot View: Yes
  • Lot View Type: Lake/Water View

Tax Info

  • Tax District: COLUMBIANA

MLS Schools

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

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,285 $29,200 $0 $0
2023 $1,241 $28,200 $0 $0
2022 $1,089 $24,760 $0 $0
2021 $929 $21,120 $0 $0
2020 $803 $18,240 $0 $0
2019 $793 $18,020 $0 $0
2017 $753 $17,120 $0 $0
2015 $744 $16,900 $0 $0
2014 $737 $16,740 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 Price Changed $355,000 -5.3% $197 / Sq Ft
04/28/2025 04/28/25 For Sale $374,900 -- $208 / Sq Ft
Source: Greater Alabama MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: Greater Alabama MLS

MLS Number: 21417289

Greater Alabama MLS

APN: 31-4-18-0-001-054-000