NOT LISTED FOR SALE

2218 Palmetto St Montgomery, AL 36107

Highland Park Neighborhood

Estimated Value: $122,000 - $166,067

-- Bed
1 Bath
1,920 Sq Ft
$72/Sq Ft Est. Value

Last Sold June 06, 2022

Last sale price $84,832 $44 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $827/month

273 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • Combination Kitchen and Dining Room
  • Tile Flooring
  • Central Heating

About This Home

As of June 2022

Located in central Montgomery, look no further than Palmetto Street for your next INVESTMENT PROPERTY! This building features 2 two bedroom one bath units that are already leased out. The units have been well maintained inside and out. Roof is 3 years old. One water heater replaced in March of 2021 and the other is 5 years old. Why buy a property just to find tenants when you can get one that will generate income on day one? Contact today as this nice investment property add will not last long!

Last Agent to Sell the Property

Marie Scarborough

Scarborough & Associates License #0337921 Listed on: 08/18/2021

Scarborough & Associates

Last Buyer's Agent

Jon Adair

Adair Realty Management LLC. License #0114358

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $667

Year Built

  • Built in 1940

Lot Details

  • 8,015

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property
  • Combination Kitchen and Dining Room

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Tile

Utilities

  • Central Heating
  • Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 10-04-17-1-011-002.000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$667

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Design: 1 Story
  • Architectural Control: No
  • Year Built: 1940
  • New Construction: No
  • Unit Type: House Converted
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Area Feature: Kitchen/Dining Combo
  • Flooring: Carpet - Wall to Wall, Hard Tile, Laminate

Exterior Features

  • Construction: Brick
  • Foundation: Conventional

Utilities

  • Cooling: Unknown
  • Heating: Central Gas
  • Sewer: Public Sewer
  • Utilities: Cable TV Access Available
  • Water: Public
  • Water Heater: Electric, Gas

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Parcel Number: 10-04-17-1-011-002.000

Rental Info

  • Monthly Lease: 975.00

Tax Info

  • Taxes: 667

Multi Family

  • Total Units: 2
  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2022
Sold by
Dedicated Properties Llc
Bought by
Chau Maria
Current Estimated Value
$138,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Outstanding Balance
$97,218
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$41,049

Purchase Details

Listed on
Aug 18, 2021
Closed on
Jun 8, 2022
Sold by
Scott Jamar D
Bought by
Dedicated Properties Llc
Seller's Agent
Marie Scarborough
Scarborough & Associates
Buyer's Agent
Jon Adair
Adair Realty Management LLC.
List Price
$99,900
Sold Price
$84,832
Premium/Discount to List
-$15,068
-15.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.44%

Purchase Details

Closed on
Sep 29, 2021
Sold by
Jfive Llc
Bought by
Scott Jamar D

Purchase Details

Closed on
Aug 6, 2005
Sold by
Scott Jamar D and Scott Karen R
Bought by
Jfive Llc

Purchase Details

Closed on
Nov 9, 2004
Sold by
Connor Apartments Llc
Bought by
Scott Jamar D and Scott Karen R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,400
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 2003
Sold by
Kunert Raymond C and Kunert Andrea L
Bought by
Sikes Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,606
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
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
Chau Maria $135,000 --
Dedicated Properties Llc $83,842 Courtney & Mann Lip
Dedicated Properties Llc $83,842 None Listed On Document
Scott Jamar D $91,400 None Available
Jfive Llc -- --
Scott Jamar D -- --
Sikes Patrick -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chau Maria $101,250
Previous Owner Scott Jamar D $79,400
Previous Owner Sikes Patrick $52,606
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2022 06/06/22 Sold $84,832 -15.1% $44 / Sq Ft
05/18/2022 05/18/22 Pending -- -- --
01/03/2022 01/03/22 For Sale $99,900 +17.8% $52 / Sq Ft
12/31/2021 12/31/21 Off Market $84,832 -- --
08/18/2021 08/18/21 For Sale $99,900 -- $52 / Sq Ft
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 $887 $18,100 $1,600 $16,500
2023 $887 $18,960 $1,600 $17,360
2022 $788 $21,580 $1,600 $19,980
2021 $667 $18,280 $1,600 $16,680
2020 $667 $18,280 $1,600 $16,680
2019 $524 $14,360 $1,600 $12,760
2018 $515 $14,120 $0 $0
2017 $544 $14,900 $2,000 $12,900
2014 $544 $14,900 $2,000 $12,900
2013 -- $13,660 $2,000 $11,660
Source: Public Records

Agents Affiliated with this Home

  • Marie Scarborough

    Seller's Agent in 2022

    Marie Scarborough

    Scarborough & Associates

    (334) 322-1391

    1 in this area

    128 Total Sales

    Marie Scarborough
    Section Image

  • J

    Buyer's Agent in 2022

    Jon Adair

    Adair Realty Management LLC.

    (334) 391-1515

    4 in this area

    100 Total Sales

    Jon Adair
    Section Image
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Map

Source: Montgomery Area Association of REALTORS®

MLS Number: 501491

Montgomery Area Association of REALTORS®

APN: 10-04-17-1-011-002.000

Alabama Montgomery County Montgomery 36107 Highland Park

2218 Palmetto St, Montgomery, AL

This home is located at 2218 Palmetto St, Montgomery, AL 36107 since 18 August 2021 and is currently estimated at $138,267, approximately $72 per square foot. This property was built in 1940. 2218 Palmetto St is a home located in Montgomery County with nearby schools including Highland Avenue Elementary School, Capitol Heights Jr High School, and Dr. Percy L. Julian 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.

Montgomery Area Association of REALTORS® Information is deemed reliable, but not guaranteed. Listing Information Copyright 2025 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. The information being provided is for consumers' personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than Ten-X are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies.

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