NOT LISTED FOR SALE

1638 E Lake Blvd Birmingham, AL 35217

Estimated Value: $141,000

4 Beds
4 Baths
6,000 Sq Ft
$24/Sq Ft Est. Value

Last Sold June 26, 2018

Last sale price $23,000 $4 Per Sq Ft

Est. 513% increase in value since last sale

Current estimated payment $873/month

63 Days on Market

Highlights

  • Wood Flooring
  • Storage
  • Central Heating and Cooling System
  • Tarrant Elementary School Rated A-

About This Home

As of June 2018

Here is your historic red brick, two story, 4 unit multi-use building in an attractive neighborhood. Two residential units on upper level. Each unit has two bedrooms, one bath, living room, dining room, bathroom. Due to slope of lot, all units are accessed at ground level. Huge covered porch over residential entries. 6160 sq ft; tax value: 75K. Discounted price based on repairs needed. Two ground level storefronts can be used "as is" for storage or with tenant improvements can be used for business. Electrical rewiring, new plumbing and new HVAC units were installed in 2013 (upper level). Located on active boulevard on corner lot. Three brick church buildings and two story brick school located within blocks on same boulevard. Driveway parks three cars. Back yard could park five more cars with city approval. Also on street parking. Live in one unit/lease others. Owned by LLC. Manager is a licensed Alabama real estate agent. ONLINE PICS TAKEN PRIOR TO ROOF LEAKS.

Last Agent to Sell the Property

Wilton Lombard

Canterbury Realty Group, LLC License #000098948 Listed on: 04/14/2018

Last Buyer's Agent

LISA BONDS

Keller Williams Realty Hoover

Keller Williams Realty Hoover

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 7,754

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Concrete Block And Stucco Construction

Interior Spaces

  • Storage

Flooring

  • Wood
  • Vinyl

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for all utilities (tenant)

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Intermed: TARRANT
  • Property Type: Quadplex
  • Year Built Description: Existing
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Interior Features

  • Floors: Some Hardwood, Vinyl
  • Miscellaneous: Storage

Exterior Features

  • Construction: Brick, Concrete/Block
  • Foundation: Slab
  • Water Heater: Electric (WTRHTR)

Garage/Parking

  • Parking: 1 Space per Unit

Utilities

  • Heating: Central w/Ind Ctrl(HEAT), Electric (HEAT)
  • Cooling: Central Control (COOL), Electric (COOL)
  • Sewer/Septic System: Connected
  • Water: Public Water

Condo/Co-op/Association

  • Total Units: 4

Lot Info

  • Assessor Parcel Number: 23-00-05-4-019-035.001

Rental Info

  • Tenant Pays: All Utilities (TENANT)

Tax Info

  • Tax Database Id: 1
  • Tax District: TARRANT
  • Annual Tax: 843
  • Assessor Parcel Number: 01073-23-00-05-4-019-035.001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2018
Closed on
Jun 26, 2018
Sold by
Von Lombard Investments Llc
Bought by
Douthard Ashanti
Seller's Agent
Wilton Lombard
Canterbury Realty Group, LLC
Buyer's Agent
LISA BONDS
Keller Williams Realty Hoover
List Price
$29,000
Sold Price
$23,000
Premium/Discount to List
-$6,000
-20.69%
Current Estimated Value
$141,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,000
Avg. Annual Appreciation
27.03%

Purchase Details

Closed on
Apr 26, 2014
Sold by
Henderson Curtis James
Bought by
Von Lombard Investments Llc

Purchase Details

Closed on
Aug 8, 2007
Sold by
Eason Milton L
Bought by
Hobbs Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
17%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 2007
Sold by
Carroll Charles L
Bought by
Eason Milton L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Douthard Ashanti $23,000 --
Von Lombard Investments Llc $300 --
Hobbs Thomas $75,000 None Available
Eason Milton L $27,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hobbs Thomas $122,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2018 06/26/18 Sold $23,000 -14.8% $4 / Sq Ft
06/16/2018 06/16/18 Pending -- -- --
06/09/2018 06/09/18 Price Changed $27,000 -3.6% $5 / Sq Ft
06/04/2018 06/04/18 Price Changed $28,000 -3.4% $5 / Sq Ft
06/01/2018 06/01/18 For Sale $29,000 +26.1% $5 / Sq Ft
05/25/2018 05/25/18 Off Market $23,000 -- --
05/18/2018 05/18/18 Price Changed $29,000 -21.6% $5 / Sq Ft
05/14/2018 05/14/18 Price Changed $37,000 -2.6% $6 / Sq Ft
05/02/2018 05/02/18 Price Changed $38,000 -2.6% $6 / Sq Ft
04/14/2018 04/14/18 For Sale $39,000 -- $7 / 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 $1,496 $26,520 -- --
2022 $1,114 $19,760 $2,240 $17,520
2021 $1,114 $19,760 $2,240 $17,520
2020 $1,114 $19,760 $2,240 $17,520
2019 $1,114 $19,760 $0 $0
2018 $844 $7,480 $0 $0
2017 $0 $7,480 $0 $0
2016 $0 $7,480 $0 $0
2015 -- $7,480 $0 $0
2014 $830 $7,360 $0 $0
2013 $830 $7,360 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Alabama MLS

MLS Number: 813381

Greater Alabama MLS

APN: 23-00-05-4-019-035.001