NOT LISTED FOR SALE

Estimated Value: $47,000 - $62,000

3 Beds
1 Bath
875 Sq Ft
$59/Sq Ft Est. Value

Last Sold October 17, 2023

Last sale price $41,000 $47 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $332/month

15 Days on Market

Highlights

  • Cottage
  • Living Room
  • Carpet
  • Eat-In Kitchen
  • ENERGY STAR Qualified Ceiling Fan
  • 5-minute walk to Carver Park

About This Home

As of October 2023

Professionally managed rental property, and tenant occupied! This property is generating revenue and is an affordable option to begin your investing career. This property is currently tenant occupied for $575 and is low maintenance. It is a concrete block home but will need some updating. (flooring, paint, soffit repair, and hvac) The rent is paid by the tenant and the property is professionally managed by The Rent Experts. The tenants would like to stay and are on currently on a month to month lease. This is a great opportunity to get income producing property at an affordable price. The home across the street will also be listed and can be sold as part of a two property portfolio, see MLS # (Insert 2009 E Edwards MLS 345416) All measurements are approximate and not guaranteed, buyer to verify.

Last Listed By

Rameh Khazen

Bellator Real Estate LLC Mobil Listed on: 09/11/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $302

Year Built

  • Built in 1986

Lot Details

  • Lot Dimensions are 41x164x38x158

Home Design

  • Cottage
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 875 Sq Ft Home
  • 1-Story Property
  • ENERGY STAR Qualified Ceiling Fan
  • Ceiling Fan
  • Living Room
  • Eat-In Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Community Details

  • Cloverdale / Fairmont Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2907420001556XXX

Home Details

Home Type

Single Family

Est. Annual Taxes

$302

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Slab
  • Construction Status: Resale
  • Flood Zone: X
  • Intersecting Street: Schwarz
  • Mineral Rights: Unknown
  • Property Amenities: Ceiling Fan(s)
  • Property Type: Residential Detached
  • Style: Cottage
  • Zoning Area: Single Family Residence
  • Parcel Id Tax Id: 2907420001556XXX
  • Year Built: 1986
  • Geo Subdivision: AL
  • Living Room Group: Living Room
  • Property Legal Description: LOT 23 BLK 1 CLOVERDALE S/D BEING A RESUB OF BLK 13 OF JACKSONVILLE MBK 3/503 #SEC 42 T4S R1W #MP29
  • Subdivsn Or Commnty: Cloverdale / Fairmont
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Living Area: 875
  • Bathrooms: 1
  • Bedroom 2: Dimensions: 10.9x11.2, On Level: Main Level
  • Bedroom 3: Dimensions: 9.8x10.6, On Level: Main Level
  • Bedrooms: 3
  • Dining Area Type: Eat In Kitchen
  • Fireplace: No Fireplace
  • Floors: Carpet, Vinyl
  • Kitchen: Dimensions: 10x10, On Level: Main Level
  • Living Room: Dimensions: 14x16, On Level: Main Level
  • Master Bed: Dimensions: 11x10.6, On Level: Main Level
  • Price Per Sq Ft: 46.86
  • Property Interior Stories: 1
  • Primary Bedroom Bathrooms: 1st Floor Primary

Exterior Features

  • Exterior Finish: Brick
  • Roof: Composition Shingle
  • Water Property Type: No Waterfront

Garage/Parking

  • Garage Parking: No Garage/Carport/Parking

Utilities

  • Utilities: Sewage-City, Water-City, Alabama Power

Schools

  • Elementary School: Not Baldwin County
  • Middle School: Mobile-Other
  • High School: Not Baldwin County

Green Features

  • Energy Saving Features: Ceiling Fan(s)

Lot Info

  • Lot Block Unit: 23
  • Lot Description: Less Than 1 Acre, Subdivision
  • Lot Size: 41x164x38x158
  • Number Lots: 1

Rental Info

  • More Than2 Pets Allowed: Yes

Tax Info

  • Property Taxes: 302.26
  • Assessor Parcel Number: 00824727

MLS Schools

  • Elementary School: Not Baldwin County
  • HighSchool: Not Baldwin County
  • Middle School: Mobile-Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2023
Closed on
Oct 16, 2023
Sold by
Zenful Sunset Al Llc
Bought by
Afab Real Estate Llc
Seller's Agent
Rameh Khazen
Bellator Real Estate LLC Mobil
Buyer's Agent
Cathy Matter
RE/MAX Partners
List Price
$49,900
Sold Price
$41,000
Premium/Discount to List
-$8,900
-17.84%
Total Days on Market
15
Views
46
Current Estimated Value
$52,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,000
Avg. Annual Appreciation
15.91%

Purchase Details

Closed on
Aug 6, 2021
Sold by
Lugassy Michael
Bought by
Zenful Sunset Al Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2017
Sold by
B K Properties Llc
Bought by
Kjgm Rentals Llc

Purchase Details

Closed on
Mar 11, 2011
Sold by
Mccorkle Larry Bree
Bought by
B K Properties Llc

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
Afab Real Estate Llc $41,000 Delta South Title
Zenful Sunset Al Llc $23,800 None Available
Kjgm Rentals Llc $22,000 None Available
B K Properties Llc -- Slt
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Afab Real Estate Llc $280,000
Previous Owner Lugassy Michael $28,500
Previous Owner Mccorkle Larry Bree $22,959
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2023 10/17/23 Sold $41,000 0.0% $47 / Sq Ft
10/17/2023 10/17/23 Sold $41,000 -17.8% $47 / Sq Ft
09/26/2023 09/26/23 Pending -- -- --
09/26/2023 09/26/23 Pending -- -- --
09/11/2023 09/11/23 For Sale $49,900 0.0% $57 / Sq Ft
09/11/2023 09/11/23 For Sale $49,900 +21.7% $57 / Sq Ft
09/10/2023 09/10/23 Off Market $41,000 -- --
05/03/2023 05/03/23 For Sale $49,900 -- $57 / Sq Ft
Source: Baldwin 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 $489 $7,540 $1,200 $6,340
2023 $489 $7,880 $780 $7,100
2022 $500 $7,880 $780 $7,100
2021 $302 $4,760 $780 $3,980
2020 $302 $4,760 $780 $3,980
2019 $273 $4,300 $780 $3,520
2018 $273 $4,300 $0 $0
2017 $273 $4,300 $0 $0
2016 $284 $4,480 $0 $0
2013 $315 $4,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Baldwin REALTORS®

MLS Number: 351565

Baldwin REALTORS®

APN: 29-07-42-0-001-556