2018 Cherry St Montgomery, AL 36107
Highland Park NeighborhoodEstimated Value: $43,000 - $62,000
3
Beds
1
Bath
1,134
Sq Ft
$47/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Covered patio or porch
- Partially Fenced Property
- No HOA
- 1-Story Property
- Wood Siding
About This Home
As of November 2022Do not miss your chance to own this great investment property. The home features 3 beds/1 bath and is close to downtown Montgomery, I-65 & I-85. There have been several updates and improvements to the property such as updated electrical, plumbing, and HVAC ductwork. The front of the house and porch have been freshly painted. Great opportunity to add to your rental portfolio!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $436
Year Built
- Built in 1930
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 50.2 x 150
- Partially Fenced Property
Parking
- 1 Driveway Space
Home Design
- Wood Siding
- Masonite
Interior Spaces
- 1,134 Sq Ft Home
- 1-Story Property
Flooring
- Wood
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Outdoor Features
- Covered patio or porch
Schools
- Highland Avenue Elementary School
- Capitol Heights Middle School
- Lee High School
Utilities
- Heat Pump System
- Electric Water Heater
- Municipal Trash
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 10-04-17-1-034-002.000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 28, 2023
Sold by
Fund 2005 Ip 1 Llc
Bought by
Us Homes Fund Llc
Total Days on Market
26
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,325
Outstanding Balance
$77,221
Interest Rate
1%
Mortgage Type
New Conventional
Estimated Equity
-$29,442
Purchase Details
Listed on
Oct 12, 2022
Closed on
Nov 8, 2022
Sold by
Carter Glenn
Bought by
Fund 2005 Ip I Llc
Seller's Agent
Matt Crane
RE/MAX Properties II
Buyer's Agent
Matt Crane
RE/MAX Properties II
List Price
$39,900
Sold Price
$42,500
Premium/Discount to List
$2,600
6.52%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.79%
Original Mortgage
$55,450
Interest Rate
6.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 27, 2019
Sold by
Gilreath Scott and Gilreath Lynn
Bought by
Carter Glenn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,786
Interest Rate
3.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
May 28, 2008
Sold by
Ib Property Holdings Llc
Bought by
Gilreath Scott and Gilreath Lynn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,400
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 23, 2007
Sold by
Dunn Belinda
Bought by
Ib Property Holdings Llc
Purchase Details
Closed on
Mar 21, 2002
Sold by
Wilmar Inc
Bought by
Dunn Belinda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,075
Interest Rate
6.86%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Feb 1, 2002
Sold by
National Heritage Life Insurance Company
Bought by
Wilmar Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,075
Interest Rate
6.86%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Feb 28, 2001
Sold by
Catlett Larry A
Bought by
National Heritage Life Insurance Company
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Similar Homes in Montgomery, AL
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Us Homes Fund Llc | -- | None Listed On Document | |
| Fund 2005 Ip I Llc | $42,500 | -- | |
| Carter Glenn | $10,000 | None Available | |
| Gilreath Scott | $13,100 | None Available | |
| Ib Property Holdings Llc | $16,000 | None Available | |
| Dunn Belinda | -- | -- | |
| Wilmar Inc | $18,500 | -- | |
| National Heritage Life Insurance Company | $20,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Us Homes Fund Llc | $81,325 | |
| Previous Owner | Fund 2005 Ip I Llc | $55,450 | |
| Previous Owner | Carter Glenn | $4,786 | |
| Previous Owner | Gilreath Scott | $24,400 | |
| Previous Owner | Dunn Belinda | $42,075 | |
| Closed | Dunn Belinda | $4,925 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/08/2022 11/08/22 | Sold | $42,500 | +6.5% | $37 / Sq Ft |
| 11/07/2022 11/07/22 | Pending | -- | -- | -- |
| 10/12/2022 10/12/22 | For Sale | $39,900 | -- | $35 / Sq Ft |
Source: Montgomery Area Association of REALTORS®
Tax History Compared to Growth
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 | $436 | $8,880 | $1,600 | $7,280 |
| 2023 | $436 | $3,590 | $800 | $2,790 |
| 2022 | $78 | $3,080 | $800 | $2,280 |
| 2021 | $67 | $2,740 | $0 | $0 |
| 2020 | $76 | $3,030 | $800 | $2,230 |
| 2019 | $225 | $3,080 | $800 | $2,280 |
| 2018 | $222 | $6,080 | $0 | $0 |
| 2017 | $218 | $5,960 | $2,000 | $3,960 |
| 2014 | $218 | $5,964 | $2,000 | $3,964 |
| 2013 | -- | $6,000 | $2,000 | $4,000 |
Source: Public Records
Agents Affiliated with this Home
-
Matt Crane
Seller's Agent in 2022
Matt Crane
RE/MAX
3 in this area
127 Total Sales
Map
Source: Montgomery Area Association of REALTORS®
MLS Number: 527590
APN: 10-04-17-1-034-002.000
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