NOT LISTED FOR SALE

253 Dearborn St Mobile, AL 36603

Downtown Mobile Neighborhood

Estimated Value: $449,820 - $461,000

0.11 Acre
$4,240,317 Price per Acre
4,678 Sq Ft Lot

Last Sold July 07, 2023

Last sale price $23,000

Est. 1,900% increase in value since last sale

Current estimated payment $2,429/month

26 Days on Market

About This Lot

As of July 2023

Ready to build your dream home downtown? This lot located in the Dearborn Place subdivision Downtown Mobile. This corner lot is at the corner of State Street
and Dearborn Street. This leveled lot is walking distance from schools, downtown shopping and restaurants. This lot has so much potential and would be perfect
for building your home. Please see the building restrictions for this lot.

Last Agent to Sell the Property

Dre Reynolds

Roberts Brothers West License #119233 Listed on: 04/21/2023

Roberts Brothers West

Last Buyer's Agent

Kimberly Knowles

Bay Estates License #74366

Property Details

Property Type

  • Land

Lot Details

  • 4,678 Sq Ft Lot
  • Lot Dimensions are 42x105
  • Level Lot
  • Property is zoned R1

Schools

  • Florence Howard Elementary School
  • Calloway Smith Middle School
  • Ben C Rain High School

Community Details

  • Dearborn Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2906400003150002

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Legal Description: LOT 2 DEARBORN PLACE SUBDIVISION IN 2020046668
  • Property Type: Land
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Current Classification: Undeveloped/Zoned Residential
  • Special Features: None

Property Details

  • Property: Res Developed Lots

Condo/Co-op/Association

  • Subdivision Complex: DEARBORN PLACE

Lot Info

  • Acres: 0.1074
  • Current Zoning: R1
  • Lot Features: Level
  • Lot Dimensions: 42X105
  • Parcel Number: 2906400003150002
  • Price Acre Dollar: 214152.70
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

MLS Schools

  • Elementary School: Florence Howard
  • High School: Ben C Rain
  • Middle School: Calloway Smith

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2023
Closed on
Jul 7, 2023
Sold by
Historic Mobile Llc
Bought by
Davis Construction And Building Llc
Seller's Agent
Dre Reynolds
Roberts Brothers West
Buyer's Agent
Kimberly Knowles
Bay Estates
List Price
$24,255
Sold Price
$23,000
Premium/Discount to List
-$1,255
-5.17%
Views
9
Current Estimated Value
$460,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$437,000
Avg. Annual Appreciation
234.94%
Original Mortgage
$23,000
Outstanding Balance
$22,383
Interest Rate
6.79%
Mortgage Type
Construction
Estimated Equity
$433,027
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Davis Construction And Building Llc $23,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Construction And Building Llc $23,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2023 07/07/23 Sold $23,000 -5.2% --
05/17/2023 05/17/23 Pending -- -- --
04/21/2023 04/21/23 For Sale $24,255 -- --
Source: Gulf Coast MLS (Mobile 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
2025 $231 $3,640 $3,640 $0
2024 $231 $3,640 $3,640 $0
2023 $231 $4,680 $4,680 $0
2022 $0 $4,680 $4,680 $0
2021 $0 $4,680 $4,680 $0
Source: Public Records

Agents Affiliated with this Home

  • Dre Reynolds

    Seller's Agent in 2023

    Dre Reynolds

    Roberts Brothers West

    (251) 214-6406

    2 in this area

    117 Total Sales

    Dre Reynolds
    Section Image

  • K

    Buyer's Agent in 2023

    Kimberly Knowles

    Bay Estates

    (251) 581-2100

    3 in this area

    9 Total Sales

    Kimberly Knowles
    Section Image
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Map

Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)

MLS Number: 7205096

Gulf Coast MLS (Mobile Area Association of REALTORS®)

APN: 29-06-40-0-003-150.002

Alabama Mobile County Mobile 36603 Downtown Mobile

253 Dearborn St, Mobile, AL

Not Listed for Sale

Lots

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