NOT LISTED FOR SALE

Estimated Value: $56,571 - $84,000

-- Bed
1 Bath
-- Sq Ft
5,009 Sq Ft Lot

Last Sold November 05, 2018

Last sale price $40,000

Est. 77% increase in value since last sale

Current estimated payment $420/month

18 Days on Market

Highlights

  • Wood Flooring
  • 1-Story Property
  • Floor Furnace
  • No HOA
  • Combination Dining and Living Room
  • Wood Siding

About This Home

As of November 2018

This is a GREAT wealth building opportunity. Here's a chance to actually live RENT FREE. Just imagine-you can live on one side and let the tenant on the other side pay your mortgage. This duplex has NEW interior and exterior paint, original hardwood floors throughout & new vinyl flooring in the kitchens and bathrooms. The showers have been new, custom tile. It has a huge 50 x 100 corner lot, with mature trees. Each unit has one bedroom and one bathroom. The kitchen opens up to a LR/DR combo. This is also an excellent opportunity to pick up a rental that's sure to cash flow positively. Caps rate & rent roll available upon request.

Last Agent to Sell the Property

Jeremy Kelly

Kelly Realty, LLC. License #0099774 Listed on: 10/16/2018

Last Buyer's Agent

Martha Givens

eXp Realty, LLC. - Southern Br License #0105099

eXp Realty, LLC. - Southern Br

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $421

Year Built

  • Built in 1938

Lot Details

  • 5,009

Parking

  • 5 Driveway Spaces

Home Design

  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Combination Dining and Living Room
  • Wood Flooring

Utilities

  • Window Unit Cooling System
  • Floor Furnace
  • Electric Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 03-10-03-08-01-031-008001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$421

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Design: 1 Story
  • Year Built: 1938
  • New Construction: No
  • Information: Appraisal, Information Limited, Investment Analysis, Lease Summary, Tax Information
  • Unit Type: Other
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Area Feature: Dining/Living Room Combo
  • Flooring: Wood

Exterior Features

  • Construction: Wood Siding
  • Driveway: None
  • Foundation: Conventional
  • Pool: No

Garage/Parking

  • Parking: Driveway

Utilities

  • Cooling: Window Units
  • Electric Authority: Alabama Power
  • Heating: Floor Furnace
  • Sewer: Public Sewer
  • Trash Services: City
  • Utilities: Natural Gas
  • Water: Public
  • Water Authority: Montgomery Water Works
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Parcel Number: 03-10-03-08-01-031-008001

Rental Info

  • Monthly Lease: 400.00
  • Tenant Pay: All Utilities
  • Term Lease: 1 Year
  • Term Possible: Cash, Conventional, VA/FHA

Multi Family

  • Total Units: 2
  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2018
Closed on
Nov 1, 2018
Sold by
Prudent Investment Llc
Bought by
Trammell Jeremy
Seller's Agent
Jeremy Kelly
Kelly Realty, LLC.
Buyer's Agent
Martha Givens
eXp Realty, LLC. - Southern Br
List Price
$49,900
Sold Price
$40,000
Premium/Discount to List
-$9,900
-19.84%
Current Estimated Value
$70,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,643
Avg. Annual Appreciation
8.58%

Purchase Details

Closed on
Jul 3, 2018
Sold by
Beck Christopher M
Bought by
Prudent Investments Llc

Purchase Details

Closed on
Nov 23, 2005
Sold by
Dodson Lee
Bought by
Beck Pamela L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,705
Interest Rate
6.23%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 7, 2005
Sold by
Dodson Lee
Bought by
Beck Christopher M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,705
Interest Rate
6.23%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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
Trammell Jeremy $40,000 None Available
Prudent Investments Llc $3,601 None Available
Beck Pamela L $64,205 None Available
Beck Christopher M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beck Pamela L $60,705
Previous Owner Beck Christopher M $61,983
Closed Trammell Jeremy $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2018 11/05/18 Sold $40,000 -19.8% --
11/03/2018 11/03/18 Pending -- -- --
10/16/2018 10/16/18 For Sale $49,900 -- --
Source: Montgomery Area Association of REALTORS®

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 $421 $8,560 $3,000 $5,560
2023 $421 $8,280 $3,000 $5,280
2022 $288 $7,880 $3,000 $4,880
2021 $204 $5,580 $1,920 $3,660
2020 $204 $5,580 $1,920 $3,660
2019 $204 $5,580 $1,920 $3,660
2018 $204 $5,580 $0 $0
2017 $315 $8,640 $1,920 $6,720
2014 $335 $9,180 $1,920 $7,260
2013 -- $9,100 $1,920 $7,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Montgomery Area Association of REALTORS®

MLS Number: 442264

Montgomery Area Association of REALTORS®

APN: 10-03-08-1-031-008.000