NOT LISTED FOR SALE

238 Fairfax Ave Bessemer, AL 35020

Estimated Value: $76,000 - $96,160

5 Beds
3 Baths
2,320 Sq Ft
$36/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $71,333 $31 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $542/month

28 Days on Market

Highlights

  • Wood Flooring
  • Storage
  • Central Heating and Cooling System

About This Home

As of June 2024

Off Market Duplex 238A & 238 B investment home in Bessemer. $1925.00 in monthly rent! Cash flow! Cash flow! This investment property is a rare find. A uniquely built single-family home with two isolated, separate A and B units. Perfect for Airbnb short term leasing, conventional, long-term leasing, or fix and flip. The homes' unit A level is an estimated 1520 sq.ft & features 4 bedrooms and 2 full baths with a kitchen and living room area. Unit A has an estimated rental value of $1200+ per month. Unit B level has a completely separate entrance and its own set of keys! Featuring one bedroom, one bath, living room, kitchen and sunroom. Level B has a rental estimate ranging between $725 - $795 and is an estimated 800 sq.ft This property is located a few miles from splash adventure, and less than 20 minutes from UAB/downtown and Topgolf. Estimated ARV – $169,500 Annual rent - $23,100 Total monthly rent for both A&B units $1925.00 2320 total Estimated sq.ft

Last Agent to Sell the Property

Alford Norman

Renters Warehouse Alabama, LLC Listed on: 05/10/2024

Last Buyer's Agent

Curtin Realty

Keller Williams Pell City

Keller Williams Pell City

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 0.34

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • Storage
  • Wood Flooring

Schools

  • Jonesboro Elementary School
  • Bessemer City Middle School
  • Bessemer City High School

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • 2 Units
  • Gross Income $1,925

Listing and Financial Details

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Down Payment Assistance: Yes
  • Down Payment Assistance URL: https://www.workforce-resource.com/dpr/listing/GALMLS/21385463?w=PubMLS
  • Property Type: Duplex
  • Year Built Description: Existing
  • Year Built: 1920
  • Price Per Sq Ft: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Interior Features

  • Floors: Some Hardwood
  • Miscellaneous: Storage

Exterior Features

  • Construction: Brick
  • Foundation: Slab
  • Water Heater: Gas (WTRHTR)

Garage/Parking

  • Parking: On Street Parking

Utilities

  • Heating: Central Control (HEAT)
  • Cooling: Central Control (COOL)
  • Sewer/Septic System: Connected
  • Water: Public Water

Condo/Co-op/Association

  • Total Units: 2

Schools

  • Elementary School: JONESBORO
  • Middle School: BESSEMER CITY
  • High School: BESSEMER CITY

Lot Info

  • Assessor Parcel Number: 38-00-16-4-022-013.000

Tax Info

  • Tax District: BESSEMER
  • Annual Tax: 1125

Multi Family

  • Gross Income: 1925

MLS Schools

  • Elementary School: JONESBORO
  • High School: BESSEMER CITY
  • Jr Middle School: BESSEMER CITY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2024
Closed on
Jul 8, 2024
Sold by
Residential Capital Partners Secured Loa
Bought by
Cega Investments Llc
Seller's Agent
Alford Norman
Renters Warehouse Alabama, LLC
Buyer's Agent
Curtin Realty
Keller Williams Pell City
List Price
$85,000
Sold Price
$71,333
Premium/Discount to List
-$13,667
-16.08%
Views
55
Current Estimated Value
$82,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,457
Avg. Annual Appreciation
10.33%
Original Mortgage
$109,954
Interest Rate
7.03%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 7, 2024
Sold by
Resid Cap Ptrs Secured Ln Fund
Bought by
Hutton Investment Management Llc

Purchase Details

Listed on
Mar 1, 2022
Closed on
May 2, 2022
Sold by
Short Term Investments Llc
Bought by
Hutton Investment Management Llc
Seller's Agent
Donna Montgomery
Red Hills Realty, LLC
Buyer's Agent
Kimberly Schneider
Renters Warehouse Alabama, LLC
List Price
$79,900
Sold Price
$80,000
Premium/Discount to List
$100
0.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.07%
Original Mortgage
$86,875
Interest Rate
4.42%
Mortgage Type
New Conventional
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
Cega Investments Llc $71,333 None Listed On Document
Hutton Investment Management Llc $59,000 None Listed On Document
Hutton Investment Management Llc $80,000 --
Short Term Investments Llc $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cega Investments Llc $131,250
Closed Cega Investments Llc $109,954
Previous Owner Short Term Investments Llc $86,875
Previous Owner Smith William $59,830
Previous Owner Smith William $13,067
Previous Owner Smith William $13,067
Previous Owner Smith William $51,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Sold $71,333 -16.1% $31 / Sq Ft
06/07/2024 06/07/24 Pending -- -- --
05/24/2024 05/24/24 For Sale $85,000 +19.2% $37 / Sq Ft
05/14/2024 05/14/24 Off Market $71,333 -- --
05/10/2024 05/10/24 For Sale $85,000 +6.3% $37 / Sq Ft
05/09/2022 05/09/22 Sold $80,000 +0.1% $26 / Sq Ft
03/01/2022 03/01/22 For Sale $79,900 -- $26 / Sq Ft
Source: Greater Alabama MLS

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 $1,125 $16,380 -- --
2022 $1,074 $15,640 $880 $14,760
2021 $829 $12,060 $880 $11,180
2020 $844 $12,060 $880 $11,180
2019 $829 $12,060 $0 $0
2018 $693 $10,080 $0 $0
2017 $693 $10,080 $0 $0
2016 $693 $10,080 $0 $0
2015 $693 $10,080 $0 $0
2014 $697 $9,920 $0 $0
2013 $697 $9,920 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Alford Norman

    Renters Warehouse Alabama, LLC

    (205) 370-8688

    1 in this area

    15 Total Sales

    Alford Norman
    Section Image
  • Curtin Realty

    Buyer's Agent in 2024

    Curtin Realty

    Keller Williams Pell City

    (205) 965-1434

    9 in this area

    132 Total Sales

    Curtin Realty
    Section Image
  • Donna Montgomery

    Seller's Agent in 2022

    Donna Montgomery

    Red Hills Realty, LLC

    (205) 579-7734

    6 in this area

    66 Total Sales

    Donna Montgomery
    Section Image

  • K

    Buyer's Agent in 2022

    Kimberly Schneider

    Renters Warehouse Alabama, LLC

See All Agents

Map

Source: Greater Alabama MLS

MLS Number: 21385463

Greater Alabama MLS

APN: 38-00-16-4-022-013.000

Alabama Jefferson County Bessemer 35020

238 Fairfax Ave, Bessemer, AL

This home is located at 238 Fairfax Ave, Bessemer, AL 35020 since 10 May 2024 and is currently estimated at $82,790, approximately $35 per square foot. This property was built in 1920. 238 Fairfax Ave is a home located in Jefferson County with nearby schools including Bessemer City High School, Bessemer Academy, and New Life Christian School Of Excellence.

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.

Greater Alabama MLS 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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