NOT LISTED FOR SALE

2040 Margerum Rd Cherokee, AL 35616

Estimated Value: $187,000

3 Beds
1 Bath
1,800 Sq Ft
$104/Sq Ft Est. Value

Last Sold February 21, 2024

Last sale price $175,000 $97 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,063/month

35 Days on Market

About This Home

As of February 2024

Welcome home to this beautiful 3 bed, 1 bath log cabin home located within minutes of public access to the Tennessee River! This beautifully remodeled home boasts of all new flooring, electrical, plumbing, and windows. The exterior features a huge lot with a detached garage and lean-to for all of your storage needs. You will not want to miss out on this one! Call today for more information and to schedule your visit!

Last Agent to Sell the Property

Josh Rumble

Nxcel Realty Listed on: 12/13/2023

Last Buyer's Agent

NON-MLS AGENT

NON-MLS OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $460

Year Built

  • Built in 1974

Lot Details

  • 0.92 Acre Lot
  • Lot Dimensions are 100x400

Interior Spaces

  • 1,800 Sq Ft Home
  • 1 Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • Cherokee Elementary And Middle School
  • Cherokee High School

Utilities

  • Septic Tank

Community Details

  • No Home Owners Association
  • Cherokee Community

Listing and Financial Details

  • Assessor Parcel Number 04-07-35-0-000-005.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$460

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residential
  • Above Grade Finished Sq Ft: 1800
  • Built Before 1978 (Y/N): Yes
  • Docs Count: 1
  • Internet Addr Display Y N: Yes
  • Internet Auto Val Display Y N: No
  • Lot Dimensions: 100x400
  • Multiple Level Y N: No
  • Sp Lp Percent: 97.28
  • Subdivision Name: N/A
  • Agent Only_ L A1 User Code: S250_1610532
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 1
  • Basement YN: No
  • LivingArea: 1800
  • Price Per S Q F T: 97.22
  • Total Bedrooms: 3
  • Fireplaces: 1
  • FireplaceYN: Yes
  • Main Level Bedrooms: 3

Beds/Baths

  • Total Bathrooms: 1

Exterior Features

  • Waterfront: No

Utilities

  • Sewer: Septic Tank

Condo/Co-op/Association

  • Association: No
  • Community Name: Cherokee

Schools

  • Elementary School: Cherokee
  • Middle School: Cherokee
  • High School: Cherokee

Lot Info

  • Acres: 0.92
  • Parcel Num: 04-07-35-0-000-005.000

Building Info

  • Year Built: 1974
  • BuildingAreaTotal: 1800

Tax Info

  • Year: 2023
  • Tax Annual Amount: 459.8

MLS Schools

  • Elementary School: Cherokee
  • Middle School: Cherokee
  • HighSchool: Cherokee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2023
Closed on
Feb 21, 2024
Sold by
Stevens Christie
Bought by
Whitsson Brandon N
Seller's Agent
Josh Rumble
Nxcel Realty
Buyer's Agent
NON-MLS AGENT
NON-MLS OFFICE
List Price
$179,900
Sold Price
$175,000
Premium/Discount to List
-$4,900
-2.72%
Views
87
Current Estimated Value
$187,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,000
Avg. Annual Appreciation
0.51%
Original Mortgage
$176,767
Outstanding Balance
$174,732
Interest Rate
6.78%
Mortgage Type
Construction
Estimated Equity
$1,601

Purchase Details

Listed on
Apr 7, 2021
Closed on
May 4, 2021
Sold by
Huggins Jeffrey M and Huggins Donna K
Bought by
Steven Christie
Seller's Agent
Adam Wimberly
MarMac Real Estate - The Shoals
Buyer's Agent
Josh Rumble
Nxcel Realty
List Price
$65,000
Sold Price
$46,000
Premium/Discount to List
-$19,000
-29.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
61.15%
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
Whitsson Brandon N $175,000 Attorney Only
Steven Christie -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whitsson Brandon N $176,767
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2024 02/21/24 Sold $175,000 -2.7% $97 / Sq Ft
01/17/2024 01/17/24 Pending -- -- --
12/13/2023 12/13/23 For Sale $179,900 +291.1% $100 / Sq Ft
05/04/2021 05/04/21 Sold $46,000 -29.2% $26 / Sq Ft
04/09/2021 04/09/21 Pending -- -- --
04/07/2021 04/07/21 For Sale $65,000 -- $36 / Sq Ft
Source: Strategic MLS Alliance (Cullman / Shoals Area)

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 $480 $14,340 $1,300 $13,040
2023 $480 $13,660 $0 $0
2022 $423 $12,440 $0 $0
2021 $293 $8,100 $0 $0
2020 $259 $6,960 $0 $0
2019 $259 $6,960 $0 $0
2018 $259 $6,960 $0 $0
2017 $297 $8,220 $0 $0
2016 $296 $8,200 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Josh Rumble

    Seller's Agent in 2024

    Josh Rumble

    Nxcel Realty

    (256) 567-3645

    631 Total Sales

    Section Image

  • N

    Buyer's Agent in 2024

    NON-MLS AGENT

    NON-MLS OFFICE

  • A

    Seller's Agent in 2021

    Adam Wimberly

    MarMac Real Estate - The Shoals

    (256) 443-4307

    151 Total Sales

    Section Image
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Map

Source: Strategic MLS Alliance (Cullman / Shoals Area)

MLS Number: 514219

Strategic MLS Alliance (Cullman / Shoals Area)

APN: 04-07-35-0-000-005.000

Alabama Colbert County Cherokee 35616

2040 Margerum Rd, Cherokee, AL

This home is located at 2040 Margerum Rd, Cherokee, AL 35616 since 13 December 2023 and is currently priced at $187,000, approximately $103 per square foot. This property was built in 1974. 2040 Margerum Rd is a home located in Colbert County with nearby schools including Cherokee Elementary School and Cherokee 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.

Strategic MLS Alliance (Cullman / Shoals Area) 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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