NOT LISTED FOR SALE

265 Cedar Dr Equality, AL 36026

Estimated Value: $756,000 - $779,739

2 Beds
1 Bath
588 Sq Ft
$1,306/Sq Ft Est. Value

Last Sold April 12, 2024

Last sale price $726,000 $1,235 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,135/month

Highlights

  • 297 Feet of Waterfront
  • Wooded Lot
  • Covered Deck
  • Eclectic Elementary School Rated A-
  • Wood Flooring
  • Cooling Available

About This Home

As of April 2024

''Tiny'' cabin with BIG lot and view. This cabin will take you back in time. Sitting on a hard-to-find flat lot with approximately 297 feet of waterfront with huge views, this 2 bedroom cabin is currently undergoing a remodel and will be sold as is. Great location. Minutes from The Landing, Kowaliga Restaurant, and Real Island Marina. Enjoy all the summer fun on Lake Martin NOW and build your dream home later.

Last Agent to Sell the Property

Damon Story

Lake Martin Realty - Willow Point License #100006 Listed on: 03/27/2024

Last Buyer's Agent

John Christenberry

Lake Martin Voice Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1970

Lot Details

  • 0.83 Acre Lot
  • 297 Feet of Waterfront
  • Wooded Lot

Parking

  • No Garage

Home Design

  • Cabin
  • Architectural Shingle Roof
  • HardiePlank Siding

Interior Spaces

  • 1-Story Property
  • Crawl Space
  • Property Views

Kitchen

  • Electric Oven
  • Electric Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Covered Deck

Utilities

  • Cooling Available
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 06 01 01 0 003 039.000

Home Details

Home Type

Single Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.83
  • Water Body Name: Lake Martin
  • Subdivision Name: None
  • Directions: Coosa 20 to Tee Road, left on Cedar Drive, follow almost to end and and 265 Cedar will be on your left. See signs.
  • Architectural Style: Cabin
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1970
  • Utilities Fuel: Alabama Power: Yes
  • Cooling: Heat Pump2: Yes
  • Foundation: Crawl Space: Yes
  • Roof: Architectural: Yes
  • Floors: Tile2: Yes
  • Sewage: Septic: Yes
  • Exterior: Wooded: Yes
  • Waterfront Frontage: 297 feet
  • Siding: Hardi-plank: Yes
  • Floors: Wood Floors: Yes
  • Exterior: Covered Deck: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Wood, Tile
  • Appliances:Oven (Elec): Yes
  • Appliances:Range (Elec): Yes

Exterior Features

  • Lot Features: Waterfront, Lot Remarks, Wooded, Views
  • Waterfront: Yes
  • Construction Type: HardiPlank Type
  • Exterior Features: Covered Deck
  • Foundation Details: Crawl Space
  • Roof: Architectural
  • Lot Features:Wooded2: Yes
  • Lot Features:Views: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage
  • General Property Description:Garage Stall2: 0
  • General Property Description:Garage Remarks2: No Garage

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Water Source: Public
  • Heating:Heat Pump: Yes

Schools

  • Junior High Dist: Call Superintendent

Lot Info

  • Lot Size Sq Ft: 36154.8
  • Parcel #: 06 01 01 0 003 039.000
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2024
Closed on
Apr 9, 2024
Sold by
Mcgough Matthew M
Bought by
Lynn James Jerry and Lynn Karen James
Seller's Agent
Damon Story
Lake Martin Realty - Willow Point
Buyer's Agent
John Christenberry
Lake Martin Voice Realty
List Price
$689,000
Sold Price
$726,000
Premium/Discount to List
$37,000
5.37%
Views
20
Current Estimated Value
$767,870

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,870
Avg. Annual Appreciation
3.31%

Purchase Details

Listed on
Aug 19, 2021
Closed on
Nov 8, 2021
Sold by
Mahan Mary Helen Mcgough and Estate Of Joseph M Mcguogh Jr
Bought by
Mcgough Matthew M
Seller's Agent
Jimmy Baker
Lake Dog Realty
Buyer's Agent
NonMember Agent
Non-Member
List Price
$599,000
Sold Price
$600,000
Premium/Discount to List
$1,000
0.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.23%
Original Mortgage
$510,000
Interest Rate
2.99%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lynn James Jerry $726,000 None Listed On Document
Mcgough Matthew M $600,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcgough Matthew M $510,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/12/2024 04/12/24 Sold $726,000 +5.4% $1,235 / Sq Ft
03/28/2024 03/28/24 Pending -- -- --
03/27/2024 03/27/24 For Sale $689,000 +14.8% $1,172 / Sq Ft
06/22/2023 06/22/23 Off Market $600,000 -- --
11/16/2021 11/16/21 Sold $600,000 +0.2% $1,020 / Sq Ft View Prior Sale
09/14/2021 09/14/21 Pending -- -- --
08/19/2021 08/19/21 For Sale $599,000 -- $1,019 / Sq Ft
Source: Lake Martin 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 $1,347 $46,800 $0 $0
2023 $1,220 $467,910 $382,420 $85,490
2022 $1,062 $84,938 $74,256 $10,682
2021 $1,092 $83,358 $74,256 $9,102
2020 $1,025 $81,958 $74,256 $7,702
2019 $1,003 $83,930 $77,968 $5,962
2018 $1,059 $80,974 $74,256 $6,718
2017 $1,000 $39,980 $37,140 $2,840
2016 $1,050 $79,934 $74,256 $5,678
2014 $972 $368,680 $340,000 $28,680
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    Damon Story

    Lake Martin Realty - Willow Point

    (205) 789-9526

    42 Total Sales

    Damon Story
    Section Image

  • J

    Buyer's Agent in 2024

    John Christenberry

    Lake Martin Voice Realty

    (334) 398-0762

    20 Total Sales

    John Christenberry
    Section Image
  • Jimmy Baker

    Seller's Agent in 2021

    Jimmy Baker

    Lake Dog Realty

    (334) 306-7921

    128 Total Sales

    Jimmy Baker
    Section Image

  • N

    Buyer's Agent in 2021

    NonMember Agent

    Non-Member

See All Agents

Map

Source: Lake Martin Area Association of REALTORS®

MLS Number: 24-337

APN: 06-01-01-0-003-039000-0

Alabama Elmore County Equality 36026

265 Cedar Dr, Equality, AL

Not Listed for Sale

Detached

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