NOT LISTED FOR SALE

350 Vine St Montevallo, AL 35115

Estimated Value: $130,000 - $162,326

2 Beds
3 Baths
1,800 Sq Ft
$82/Sq Ft Est. Value

Last Sold August 13, 2020

Last sale price $105,000 $58 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $925/month

9 Days on Market

About This Home

As of August 2020

Four rental units for the price of one! Located near Orr Park and within walking distance of downtown Montevallo. This is a unique property because on one lot there is a 2 bd, 1 ba single family home that leases for $650 mth, and on the second lot there is a duplex with an efficiency unit on one side and a 1 bd on the other side that lease for $325 each, and a garage apt with 1 bd that leases for $300 mth. Water and trash are on one meter at the duplex, but the sf home is set up with its' own meter. Each building will need some "TLC" and the property is sold "AS IS". Available to view on June 8th.

Last Agent to Sell the Property

Letta Hallman

Montevallo Realty Listed on: 05/15/2020

Last Buyer's Agent

Melanie Siow

RealtySouth-Shelby Office

RealtySouth-Shelby Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $890

Year Built

  • Built in 1940

Lot Details

  • 0.33

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Siding

Flooring

  • Wood
  • Vinyl

Basement

  • Crawl Space

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electric (tenant), gas (tenant)
  • The owner pays for trash collection (owner), water/sewer (owner)

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $120
  • Gross Income $1,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$890

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Property Type: Quadplex
  • Year Built Description: Existing
  • Year Built: 1940
  • Price Per Sq Ft: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Floors: Some Hardwood, Vinyl

Exterior Features

  • Construction: Siding
  • Foundation: Crawl Space
  • Water Heater: Electric (WTRHTR)

Garage/Parking

  • Parking: On Street Parking

Utilities

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

Condo/Co-op/Association

  • Total Units: 3

Schools

  • Elementary School: MONTEVALLO
  • Middle School: MONTEVALLO
  • High School: MONTEVALLO

Lot Info

  • Assessor Parcel Number: 278282001004.000

Rental Info

  • Owner Pays: Trash Collection (OWNER), Water/Sewer (OWNER)
  • Tenant Pays: Electric (TENANT), Gas (TENANT)

Tax Info

  • Tax District: MONTEVALLO
  • Annual Tax: 890

Multi Family

  • Expenses: 120
  • Gross Income: 1600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2020
Closed on
Aug 13, 2020
Sold by
Theirfour Llc
Bought by
Ssw Rentals Llc
Seller's Agent
Letta Hallman
Montevallo Realty
Buyer's Agent
Melanie Siow
RealtySouth-Shelby Office
List Price
$105,000
Sold Price
$105,000
Current Estimated Value
$147,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,582
Avg. Annual Appreciation
6.22%
Original Mortgage
$84,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 2, 2012
Sold by
White Susan P Wilder and Livings James H
Bought by
Theirfour Llc
Source: Public Records

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
Ssw Rentals Llc $105,000 South Oak Title Pelham Llc
Theirfour Llc -- None Available
White Susan P Wilder -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ssw Rentals Llc $100,000
Closed Ssw Rentals Llc $84,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2020 08/13/20 Sold $105,000 0.0% $58 / Sq Ft
06/17/2020 06/17/20 Pending -- -- --
06/08/2020 06/08/20 For Sale $105,000 0.0% $58 / Sq Ft
06/01/2020 06/01/20 Price Changed $105,000 -- $58 / 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 $1,449 $28,420 $0 $0
2023 $1,268 $24,520 $0 $0
2022 $1,121 $21,980 $0 $0
2021 $1,078 $21,140 $0 $0
2020 $919 $18,020 $0 $0
2019 $889 $17,440 $0 $0
2017 $842 $16,500 $0 $0
2015 $808 $15,840 $0 $0
2014 $792 $15,520 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Letta Hallman

    Seller's Agent in 2020

    Letta Hallman

    Montevallo Realty

    (205) 665-4689

    9 Total Sales

    Letta Hallman
    Section Image
  • Melanie Siow

    Buyer's Agent in 2020

    Melanie Siow

    RealtySouth

    (205) 305-1158

    7 in this area

    151 Total Sales

    Melanie Siow
    Section Image
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Map

Source: Greater Alabama MLS

MLS Number: 883314

Greater Alabama MLS

APN: 27-8-28-2-001-004-000

Alabama Shelby County Montevallo 35115

350 Vine St, Montevallo, AL

This home is located at 350 Vine St, Montevallo, AL 35115 since 15 May 2020 and is currently estimated at $147,582, approximately $81 per square foot. This property was built in 1940. 350 Vine St is a home located in Shelby County with nearby schools including Montevallo Elementary School, Montevallo Middle School, and Montevallo High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Alabama MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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