NOT LISTED FOR SALE

Estimated Value: $225,000 - $451,000

18 Beds
6 Baths
10,092 Sq Ft
$30/Sq Ft Est. Value

Last Sold November 30, 2018

Last sale price $80,000 $8 Per Sq Ft

Est. 282% increase in value since last sale

Current estimated payment $2,016/month

9 Days on Market

About This Home

As of November 2018

GREAT AND RARE INVESTMENT OPPORTUNITY, WITH THE POSSIBILITIES TO INCREASE RENT AND CASH FLOW! EACH TENANT PAID THEIR OWN ELECTRICITY. CURRENTLY 3 VACANT UNITS THAT NEED TO BE RENOVATED. DON'T LET THIS OPPORTUNITY GO!

Last Listed By

Tony Alvarez

Keller Williams Realty Hoover Listed on: 10/17/2018

Keller Williams Realty Hoover

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1950

Lot Details

  • 0.4

Parking

  • On-Street Parking

Home Design

  • Slab Foundation
  • Stucco

Additional Features

  • Wall to Wall Carpet
  • Heating System Uses Gas

Community Details

  • 6 Units
  • Gross Income $35,640

Listing and Financial Details

  • Tenant pays for cable/tv connect (tenant), electric (tenant), gas (tenant)
  • The owner pays for water/sewer (owner)

Property Details

Home Type

Apartment

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Property Type: Apartment
  • Year Built Description: Existing
  • Year Built: 1950
  • Price Per Sq Ft: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Floors: Wall-to-Wall Carpet
  • Miscellaneous: Resident Manager

Exterior Features

  • Construction: Stucco
  • Foundation: Slab

Garage/Parking

  • Parking: On Street Parking

Utilities

  • Heating: Gas Heat, Individual Units (HEAT)
  • Cooling: Individual Units (COOL)
  • Sewer/Septic System: Connected
  • Water: Public Water

Condo/Co-op/Association

  • Total Units: 6

Schools

  • Elementary School: TUGGLE
  • Middle School: DAVIS, JAMES A
  • High School: CARVER, G W

Lot Info

  • Assessor Parcel Number: 22-00-24-3-026-004.000

Rental Info

  • Owner Pays: Water/Sewer (OWNER)
  • Tenant Pays: Cable/TV Connect (TENANT), Electric (TENANT), Gas (TENANT)

Tax Info

  • Tax Database Id: 1
  • Tax District: BIRMINGHAM
  • Annual Tax: 1493
  • Assessor Parcel Number: 01073-22-00-24-3-026-004.000

Multi Family

  • Gross Income: 35640

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 4, 2022
Sold by
Hth Properties Llc
Bought by
Casement Properteis Llc
Total Days on Market
9
Current Estimated Value
$305,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Outstanding Balance
$361,325
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
-$55,574

Purchase Details

Listed on
Oct 17, 2018
Closed on
Nov 29, 2018
Sold by
Statewide Homes Llc
Bought by
Hth Properties Llc
Seller's Agent
Tony Alvarez
Keller Williams Realty Hoover
Buyer's Agent
Jill Taylor
RealtySouth-MB-Crestline
List Price
$97,000
Sold Price
$80,000
Premium/Discount to List
-$17,000
-17.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.07%
Original Mortgage
$96,000
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 18, 2015
Sold by
Robertson Michael H
Bought by
Statewide Homes Llc

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
Casement Properteis Llc $505,000 --
Hth Properties Llc $80,000 --
Statewide Homes Llc $10,977 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Casement Properteis Llc $404,000
Previous Owner Hth Properties Llc $155,000
Previous Owner -- $96,000
Previous Owner Hth Properties Llc $96,000
Previous Owner Robertson Michael H $6,885
Previous Owner Robertson Michael H $112,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2018 11/30/18 Sold $80,000 -17.5% $8 / Sq Ft
10/26/2018 10/26/18 Pending -- -- --
10/17/2018 10/17/18 For Sale $97,000 -- $10 / 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 $3,853 $53,140 -- --
2022 $4,488 $61,900 $11,460 $50,440
2021 $2,327 $32,100 $1,700 $30,400
2020 $2,327 $32,100 $1,700 $30,400
2019 $2,327 $32,100 $0 $0
2018 $0 $21,800 $0 $0
2017 $0 $21,800 $0 $0
2016 $0 $21,800 $0 $0
2015 -- $21,800 $0 $0
2014 $1,491 $21,460 $0 $0
2013 $1,491 $21,460 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Alabama MLS

MLS Number: 831921

Greater Alabama MLS

APN: 22-00-24-3-026-004.000