NOT LISTED FOR SALE

Estimated Value: $390,000 - $581,053

7 Beds
4 Baths
4,440 Sq Ft
$102/Sq Ft Est. Value

Last Sold November 28, 2017

Last sale price $399,700 $90 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,098/month

129 Days on Market

About This Home

As of November 2017

Rare opportunity for a quadplex in Highland. Great location; just a few blocks from the golf course. Three units have 2 bedrooms and 1 bath and the fourth unit has 1 bedroom with 1 bath. Large front porch with beautiful, ornate front doors and a shaded deck in the back. Totally fenced in yard with lush green gardens. One driveway parking space and additional street parking. One upstairs unit has a covered porch with a city view and a fireplace in living room, dining space, 2 bedrooms and 1 bath. Second upstairs unit has living room, eat-in kitchen, 2 bedrooms and 1 bath. Largest unit on main level has a fireplace, dining room, 2 bedrooms, 1 bath plus an office/den. Other main level unit has 1 bedroom and 1 bath with spacious living area. Some updates in each unit would increase rental income.

Last Agent to Sell the Property

Johnny Montgomery

ARC Realty 280 Listed on: 06/05/2017

ARC Realty 280

Last Buyer's Agent

Pam Turbeville

LAH - Homewood

LAH - Homewood

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,580

Year Built

  • 1910

Lot Details

  • 9,409

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Brick Frame

Interior Spaces

  • Ceiling Fan
  • Unfinished Basement
  • Partial Basement

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities (tenant)

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $300
  • Gross Income $3,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,580

Year Built

1910

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Dual or Variable Rate Commission: Yes
  • Property Type: Quadplex
  • Termite Company Name: tba
  • Termite Contract: Yes
  • Year Built Description: Existing
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1910

Interior Features

  • Floors: Laminate, Some Hardwood, Vinyl, Wall-to-Wall Carpet
  • Basement Style: Partial Basement
  • Basement Finished: All Unfinished

Exterior Features

  • Construction: Brick and Frame
  • Foundation: Basement
  • Water Heater: Gas (WTRHTR)

Garage/Parking

  • Parking: On Street Parking

Utilities

  • Heating: Gas Heat
  • Cooling: Ceiling Fans, Electric (COOL)
  • Sewer/Septic System: Connected
  • Water: Public Water

Condo/Co-op/Association

  • Total Units: 4

Schools

  • Elementary School: AVONDALE
  • Middle School: PUTNAM, W E
  • High School: WOODLAWN

Lot Info

  • Assessor Parcel Number: 23-00-32-3-004-006.000

Rental Info

  • Tenant Pays: All Utilities (TENANT)

Tax Info

  • Tax District: BIRMINGHAM

Multi Family

  • Expenses: 300
  • Gross Income: 3200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2017
Closed on
Dec 1, 2017
Sold by
Johnston
Bought by
El Rentals Llc
Seller's Agent
Johnny Montgomery
ARC Realty 280
Buyer's Agent
Pam Turbeville
LAH - Homewood
List Price
$449,780
Sold Price
$399,700
Premium/Discount to List
-$50,080
-11.13%
Total Days on Market
129
Current Estimated Value
$454,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,563
Avg. Annual Appreciation
1.77%
Original Mortgage
$325,000
Outstanding Balance
$276,800
Interest Rate
3.94%
Mortgage Type
Mortgage Modification
Estimated Equity
$179,442

Purchase Details

Closed on
Oct 23, 2012
Sold by
Johnston A Eric
Bought by
The Shelton Gayle Cochrance Jr and Johnston C O A Eric
Source: Public Records

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Range of Values:

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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
El Rentals Llc $399,700 --
The Shelton Gayle Cochrance Jr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open El Rentals Llc $325,000
Closed El Rentals Llc $325,000
Previous Owner Shelton Gayle C $150,750
Previous Owner Shelton Gayle C $150,750
Previous Owner Shelton Gayle C $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2017 11/28/17 Sold $399,700 0.0% $90 / Sq Ft
10/12/2017 10/12/17 Pending -- -- --
10/04/2017 10/04/17 Price Changed $399,780 -6.1% $90 / Sq Ft
07/24/2017 07/24/17 Price Changed $425,780 -5.3% $96 / Sq Ft
07/21/2017 07/21/17 Price Changed $449,755 0.0% $101 / Sq Ft
06/05/2017 06/05/17 For Sale $449,780 -- $101 / 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 $6,580 $90,760 -- --
2022 $5,778 $79,700 $50,900 $28,800
2021 $5,778 $79,700 $50,900 $28,800
2020 $5,758 $79,420 $50,900 $28,520
2019 $5,758 $79,420 $0 $0
2018 $2,376 $33,760 $0 $0
2017 $1,623 $23,380 $0 $0
2016 $1,623 $23,380 $0 $0
2015 $1,623 $23,380 $0 $0
2014 $1,548 $23,240 $0 $0
2013 $1,548 $23,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Alabama MLS

MLS Number: 786141

Greater Alabama MLS

APN: 23-00-32-3-004-006.000