NOT LISTED FOR SALE

1711 Electronics Dr Anniston, AL 36207

Estimated Value: $247,000 - $511,000

22 Beds
12 Baths
9,821 Sq Ft
$39/Sq Ft Est. Value

Sale Details

Date Sold: March 4, 2021

Last sale price $420,000 $43 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $2,237 / mo

119 Days on Market

Highlights

  • Wood Flooring
  • Storage
  • Central Heating and Cooling System
  • Cooling System Powered By Gas
  • Attic Fan
  • Ceiling Fan

About This Home

As of March 2021

10.27% cap rate (2020 year to date) and White Plains school district highlight this unique investment opportunity. 11 apartments (Eight 2BR/1BA and three 1BR/1BA) total in 3 separate structures. Also included is a 3BR/1BA single family full brick home w/in-ground pool and a concrete pad with electricity run to it. An additional approximately 3.5 acres available to build on. Great business opportunity. All units are rented. All 3 apartment buildings have metal roofs that are less than 5 years old. Expenses were 1.09% for 2019, and cap rate was 8.81%. Property is in Golden Springs area, but White Plains school district. All properties are on well water. One separate well for home and another well for the 3 apartment buildings. Contact agent for virtual tour links.

Last Agent to Sell the Property

Adam Harper

eXp Realty, LLC Central Listed on: 08/18/2020

eXp Realty, LLC Central

Last Buyer's Agent

Alison Stocking

Good Faith Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,337

Year Built

  • Built in 1964

Lot Details

  • 4.5

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Brick Frame
  • Frame Construction
  • Siding
  • Concrete Block And Stucco Construction

Interior Spaces

  • Ceiling Fan
  • Storage
  • Crawl Space
  • Attic Fan

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Tile
  • Vinyl

Outdoor Features

  • Barbecue Area

Schools

  • White Plains Elementary And Middle School
  • White Plains High School

Utilities

  • Cooling System Powered By Gas
  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Heat Pump System
  • Well
  • Gas Water Heater
  • Septic Tank

Listing and Financial Details

  • Tenant pays for cable/tv connect (tenant), electric (tenant), gas (tenant)
  • The owner pays for trash collection (owner), water/sewer (owner)

Community Details

Overview

  • 12 Units

Pet Policy

  • No Pets Allowed

Building Details

  • Operating Expense $19,155
  • Gross Income $70,020

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,337

Year Built

Built in 1964

Lot Details

4.5 Acres

Listing Details

  • Class: MULTIFAMILY
  • Dual or Variable Rate Commission: Yes
  • Property Type: Apartment
  • Year Built Description: Existing
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Floors: Laminate, Some Hardwood, Tile, Vinyl, Wall-to-Wall Carpet
  • Miscellaneous: BBQ Area, Pets Not Allowed, Pool, Storage

Exterior Features

  • Construction: Brick, Brick and Frame, Concrete/Block, Frame, Shingle, Siding
  • Foundation: Crawl Space, Slab
  • Water Heater: Electric (WTRHTR), Gas (WTRHTR)

Garage/Parking

  • Parking: 2 Spaces per Unit

Utilities

  • Heating: Central Control (HEAT), Electric (HEAT), Gas Heat, Heat Pump (HEAT), Individual Units (HEAT)
  • Cooling: Attic, Ceiling Fans, Central Control (COOL), Electric (COOL), Gas (COOL), Heat Pump (COOL), Individual Units (COOL)
  • Sewer/Septic System: Septic
  • Water: Well Water

Condo/Co-op/Association

  • Total Units: 12

Lot Info

  • Assessor Parcel Number: 2105214001002007

Rental Info

  • Owner Pays: Trash Collection (OWNER), Water/Sewer (OWNER)
  • Tenant Pays: Cable/TV Connect (TENANT), Electric (TENANT), Gas (TENANT)

Tax Info

  • Tax District: COUNTY
  • Annual Tax: 5337

Multi Family

  • Expenses: 19155
  • Gross Income: 70020

MLS Schools

  • Elementary School: WHITE PLAINS
  • High School: WHITE PLAINS
  • Jr Middle School: WHITE PLAINS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2020
Closed on
Mar 4, 2021
Sold by
Slick Reagan and Harper Reagan
Bought by
Fresh Start Homes Llc
Seller's Agent
Adam Harper
eXp Realty, LLC Central
Buyer's Agent
Alison Stocking
Good Faith Realty
List Price
$465,000
Sold Price
$420,000
Premium/Discount to List
-$45,000
-9.68%
Current Estimated Value
$383,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,847
Avg. Annual Appreciation
-1.74%
Original Mortgage
$278,498
Outstanding Balance
$247,946
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
$135,207

Purchase Details

Closed on
May 27, 2016
Sold by
Harper Adam and Harper Leslie Carole
Bought by
Harper Reagan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Fresh Start Homes Llc $420,000 None Available
Harper Reagan $24,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Fresh Start Homes Llc $278,498
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2021 03/04/21 Sold $420,000 -9.7% $43 / Sq Ft
12/15/2020 12/15/20 Pending -- -- --
08/18/2020 08/18/20 For Sale $465,000 -- $47 / 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
2025 $2,330 $58,240 $0 $0
2024 $2,330 $58,248 $44,100 $14,148
2023 $2,330 $58,248 $44,100 $14,148
2022 $2,330 $58,248 $44,100 $14,148
2021 $2,203 $55,080 $44,100 $10,980
2020 $2,203 $55,080 $44,100 $10,980
2019 $2,230 $55,768 $44,300 $11,468
2018 $2,230 $55,760 $0 $0
2017 $2,134 $53,340 $0 $0
2016 $1,538 $38,440 $0 $0
2013 -- $19,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Adam Harper

    eXp Realty, LLC Central

    Section Image
  • Alison Stocking

    Buyer's Agent in 2021

    Alison Stocking

    Good Faith Realty

    (405) 496-8165

    85 Total Sales

    Alison Stocking
    Section Image
See All Agents

Map

Source: Greater Alabama MLS

MLS Number: 892771

Greater Alabama MLS

APN: 21-05-21-4-001-003.000

Alabama Calhoun County Anniston 36207

1711 Electronics Dr, Anniston, AL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Alabama MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.