NOT LISTED FOR SALE

195 Melton St Unit A & B Montevallo, AL 35115

Estimated Value: $101,000 - $167,000

2 Beds
2 Baths
-- Sq Ft
0.3 Acres

Last Sold May 02, 2014

Last sale price $34,000

Est. 324% increase in value since last sale

Current estimated payment $867/month

About This Home

As of May 2014

Priced below market value for a quick sale. The duplex needs some outside maintenance, but is in good condition for the price. The only utility included in the rent is the water, tenants pay their own electric and/ or gas. Great location near the shopping center and downtown. Call or text to schedule a viewing for this investment opportunity in Montevallo.

Last Agent to Sell the Property

Letta Hallman

Montevallo Realty Listed on: 02/21/2014

Last Buyer's Agent

Letta Hallman

Montevallo Realty Listed on: 02/21/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,257

Year Built

  • 1955

Lot Details

  • 0.3

Home Design

  • Duplex
  • Siding

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

  • Wood Flooring
  • Crawl Space

Community Details

  • Operating Expense $2,000
  • Gross Income $10,000

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,257

Year Built

1955

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • List Price per Sq Ft: 37.25
  • Property Type: Duplex
  • Year Built Description: Existing
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Interior Features

  • Floors: Some Hardwood

Exterior Features

  • Construction: Siding
  • Foundation: Crawl Space
  • Water Heater: Electric (WTRHTR)

Garage/Parking

  • Parking: 2 Spaces per Unit

Utilities

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

Schools

  • Elementary School: MONTEVALLO
  • Middle School: MONTEVALLO
  • High School: MONTEVALLO

Lot Info

  • Assessor Parcel Number: 36-2-03-1-003-024.000

Rental Info

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

Tax Info

  • Tax District: MONTEVALLO

Multi Family

  • Expenses: 2000
  • Gross Income: 10000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 11, 2025
Sold by
Bradford David
Bought by
Drive Planning Llc and Murena
Current Estimated Value
$144,210

Purchase Details

Closed on
Mar 28, 2023
Sold by
Readyvest Llc
Bought by
Bradford David

Purchase Details

Closed on
Mar 23, 2023
Sold by
Lawhorn Rufus L
Bought by
Readyvest Llc

Purchase Details

Closed on
Oct 25, 2019
Sold by
Teal Properties Llc
Bought by
Lawhorn Rufus

Purchase Details

Listed on
Feb 21, 2014
Closed on
May 2, 2014
Sold by
Stell Flora Eloise
Bought by
Teal Properties Llc
Seller's Agent
Letta Hallman
Montevallo Realty
Buyer's Agent
Letta Hallman
Montevallo Realty
List Price
$45,000
Sold Price
$34,000
Premium/Discount to List
-$11,000
-24.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.44%
Original Mortgage
$43,200
Interest Rate
4.43%
Mortgage Type
Unknown
Source: Public Records

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
Drive Planning Llc $130,500 None Listed On Document
Bradford David $111,000 Smith Closing Title
Readyvest Llc $90,000 Smith Closing Title
Lawhorn Rufus $60,000 None Available
Teal Properties Llc $34,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Teal Properties Llc $43,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2014 05/02/14 Sold $34,000 -24.4% --
04/22/2014 04/22/14 Pending -- -- --
02/21/2014 02/21/14 For Sale $45,000 -- --
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 $1,257 $24,640 $0 $0
2023 $1,224 $24,000 $0 $0
2022 $959 $18,800 $0 $0
2021 $428 $8,400 $0 $0
2020 $832 $16,320 $0 $0
2019 $756 $14,820 $0 $0
2017 $705 $13,820 $0 $0
2015 $679 $13,320 $0 $0
2014 $667 $13,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Letta Hallman

    Seller's Agent in 2014

    Letta Hallman

    Montevallo Realty

    (205) 665-4689

    9 Total Sales

    Letta Hallman
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Map

Source: Greater Alabama MLS

MLS Number: 588192

Greater Alabama MLS

APN: 36-2-03-1-003-024-000

Alabama Shelby County Montevallo 35115

195 Melton St Unit A & B, Montevallo, AL

This home is located at 195 Melton St Unit A & B, Montevallo, AL 35115 since 21 February 2014 and is currently estimated at $144,210. This property was built in 1955. 195 Melton St Unit A & B is a home located in Shelby County with nearby schools including Montevallo Elementary School, Montevallo Middle School, and Montevallo High School.

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.

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