NOT LISTED FOR SALE

Estimated Value: $79,000 - $107,000

6 Beds
3 Baths
1,944 Sq Ft
$50/Sq Ft Est. Value

Last Sold July 14, 2016

Last sale price $16,000 $8 Per Sq Ft

Est. 504% increase in value since last sale

Current estimated payment $667/month

107 Days on Market

About This Home

As of July 2016

Good income potential with this 3 unit all brick triplex!! Each of the 3 units has 2 bedrooms and 1 full bathroom, plus a kitchen and a living area. Right of redemption may apply, the buyer must confirm all data on this listing. All 3 units were rented until recently.

Last Listed By

Greg Butler

Butler Realty, LLC Listed on: 02/24/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,536

Year Built

  • 1959

Lot Details

  • 8,015

Home Design

  • Triplex
  • Brick Exterior Construction
  • Slab Foundation

Flooring

  • Laminate
  • Tile

Location

  • In Flood Plain

Utilities

  • No Cooling
  • No Heating
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities (tenant)

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $600
  • Gross Income $1,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,536

Year Built

1959

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Property Type: Triplex
  • Year Built Description: Existing
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Floors: Laminate, Tile

Exterior Features

  • Construction: Brick
  • Foundation: Slab
  • Water Heater: Gas (WTRHTR)

Utilities

  • Heating: No Heat
  • Cooling: No Cooling
  • Sewer/Septic System: Connected
  • Water: Public Water

Condo/Co-op/Association

  • Total Units: 3

Schools

  • Elementary School: TUGGLE
  • Middle School: WILKERSON
  • High School: PARKER

Lot Info

  • Flood Plain: Yes
  • Assessor Parcel Number: 22-00-28-1-012-007.000

Rental Info

  • Tenant Pays: All Utilities (TENANT)

Tax Info

  • Tax District: BIRMINGHAM

Multi Family

  • Expenses: 600
  • Gross Income: 1500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2016
Sold by
Arrington Gale C
Bought by
Fam Worx Llc
Total Days on Market
107
Current Estimated Value
$96,666

Purchase Details

Listed on
Feb 24, 2016
Closed on
Jul 11, 2016
Sold by
M & T Bank
Bought by
Arrington Gale C
Seller's Agent
Greg Butler
Butler Realty, LLC
Buyer's Agent
Greg Butler
Butler Realty, LLC
List Price
$29,900
Sold Price
$16,000
Premium/Discount to List
-$13,900
-46.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.39%

Purchase Details

Closed on
Dec 12, 2014
Sold by
Johnson Velma
Bought by
M & T Bank and C/O Bayview Loan Servicing Llc

Purchase Details

Closed on
Jan 17, 2005
Sold by
A & D Enterprises Llc
Bought by
Johnson Velma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
5.71%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 14, 2005
Sold by
Maniscalco Angela M
Bought by
Allen Paul and Daugherty Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
5.71%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 19, 2003
Sold by
Allen Paul and Daugherty Charles
Bought by
Johnson Velma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
5.87%
Mortgage Type
Seller Take Back

Range of Values:

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Average Value
Not Available
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
Fam Worx Llc -- --
Arrington Gale C $16,000 --
M & T Bank $25,000 --
A & D Enterprises Llc $1,000 --
Johnson Velma $58,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner A & D Enterprises Llc $55,000
Previous Owner Johnson Velma $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2016 07/14/16 Sold $16,000 -46.5% $8 / Sq Ft
06/10/2016 06/10/16 Pending -- -- --
02/24/2016 02/24/16 For Sale $29,900 -- $15 / 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 $1,536 $21,180 -- --
2022 $1,132 $15,620 $1,660 $13,960
2021 $1,132 $15,620 $1,660 $13,960
2020 $1,132 $15,620 $1,660 $13,960
2019 $1,132 $15,620 $0 $0
2018 $934 $12,880 $0 $0
2017 $934 $12,880 $0 $0
2016 $934 $12,880 $0 $0
2015 $934 $12,880 $0 $0
2014 $880 $12,660 $0 $0
2013 $880 $12,660 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Alabama MLS

MLS Number: 741740

Greater Alabama MLS

APN: 22-00-28-1-012-007.000