NOT LISTED FOR SALE

302 Michigan Ave Mobile, AL 36604

Leinkauf Neighborhood

Estimated Value: $105,000 - $625,316

Studio
1 Bath
672 Sq Ft
$692/Sq Ft Est. Value

Last Sold October 09, 2024

Last sale price $580,000 $863 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $2,503/month

5 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • Asbestos
  • Accessible Washer and Dryer

About This Home

As of October 2024

Updated, ten unit apartment building. This property is located in Midtown Mobile in an up and coming area. The city has multiple improvement projects in this vicinity as it is a main thoroughfare into Midtown/Downtown and the new Brookley Airport. Interstate access is less then five minutes away as well.
The building was renovated approximately three years ago, so the units have updated vinyl plank floors, painted cabinets, neutral paint and new lighting fixtures.
This building was being used for short term rentals previously but is now vacant. The seller reserves the right to rent the apartments to long term tenants. This property has plenty of parking, and a perfect location to add a coin or card operated laundry room to increase profitability.
This property won't last long so call to see it today.

Last Agent to Sell the Property

Rameh Khazen

Bellator Real Estate LLC Mobile License #93507 Listed on: 09/19/2024

Bellator Real Estate LLC Mobile

Last Buyer's Agent

Breanna Veth

Wellhouse Real Estate LLC - Mobile License #159204

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $878

Lot Details

  • 10,406 Sq Ft Lot
  • Lot Dimensions are 100x200

Home Design

  • Asbestos

Flooring

  • Wood
  • Vinyl

Schools

  • Leinkauf Elementary School
  • Calloway Smith Middle School
  • Murphy High School

Additional Features

  • 2-Story Property
  • Accessible Washer and Dryer
  • Central Heating and Cooling System

Community Details

  • 10 Units
  • Leinkauf Historical District Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2910223003057

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$878

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Condition: Resale
  • Accessibility Features: Accessible Washer/Dryer
  • Levels Stories: Two
  • Special Features: None
  • Property Sub Type: MultiFamily

Property Details

  • Property: Residential Income

Interior Features

  • Flooring: Hardwood, Vinyl
  • Window Features: None

Exterior Features

  • Construction Materials: Asbestos
  • Pool Private: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Heating: Central
  • Utilities: Electricity Available, Natural Gas Available

Condo/Co-op/Association

  • Subdivision Complex: LEINKAUF HISTORICAL DISTRICT

Lot Info

  • Acres: 0.2389
  • Lot Dimensions: 100x200
  • Parcel Number: 2910223003057
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 878.00
  • Tax Year: 2023

Multi Family

  • Number Of Units Total: 10

MLS Schools

  • Elementary School: Leinkauf
  • High School: Murphy
  • Middle School: Calloway Smith

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2024
Closed on
Oct 3, 2024
Sold by
Swipe Right Properties Llc
Bought by
Rcb1 Al Properties Llc
Seller's Agent
Rameh Khazen
Bellator Real Estate LLC Mobile
Buyer's Agent
Breanna Veth
Wellhouse Real Estate LLC - Mobile
List Price
$649,900
Sold Price
$580,000
Premium/Discount to List
-$69,900
-10.76%
Views
10
Current Estimated Value
$465,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$114,671
Avg. Annual Appreciation
-15.59%

Purchase Details

Closed on
Jan 24, 2023
Sold by
Landlord 36 Holdings Llc
Bought by
Swipe Right Properties Llc

Purchase Details

Closed on
Sep 30, 2020
Sold by
Michigan Avenue Rentals Llc
Bought by
Revitalize Mobile Llc

Purchase Details

Closed on
Dec 30, 2001
Sold by
First Family Financial Services Inc
Bought by
Henderson Gary
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
Rcb1 Al Properties Llc $580,000 None Listed On Document
Swipe Right Properties Llc $404,021 None Listed On Document
Revitalize Mobile Llc $330,000 Dst
Henderson Gary $7,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2024 10/09/24 Sold $580,000 0.0% $863 / Sq Ft
09/24/2024 09/24/24 Pending -- -- --
09/20/2024 09/20/24 Price Changed $580,000 -10.8% $863 / Sq Ft
09/19/2024 09/19/24 For Sale $649,900 -- $967 / Sq Ft
Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)

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 $980 $14,620 $8,380 $6,240
2024 $980 $14,620 $8,380 $6,240
2023 $980 $13,820 $8,320 $5,500
2022 $447 $7,040 $4,800 $2,240
2021 $447 $7,040 $4,800 $2,240
2020 $356 $5,600 $3,180 $2,420
2019 $361 $5,680 $3,180 $2,500
2018 $340 $5,360 $0 $0
2017 $340 $5,360 $0 $0
2016 $334 $5,260 $0 $0
2013 $391 $6,040 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rameh Khazen

    Seller's Agent in 2024

    Rameh Khazen

    Bellator Real Estate LLC Mobile

    (251) 786-4673

    2 in this area

    298 Total Sales

    Rameh Khazen
    Section Image

  • B

    Buyer's Agent in 2024

    Breanna Veth

    Wellhouse Real Estate LLC - Mobile

    (251) 229-4714

    1 in this area

    24 Total Sales

    Breanna Veth
    Section Image
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Map

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

MLS Number: 7458772

Gulf Coast MLS (Mobile Area Association of REALTORS®)

APN: 29-10-22-3-003-057

Alabama Mobile County Mobile 36604 Leinkauf

302 Michigan Ave, Mobile, AL

Not Listed for Sale

MultiFamily

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