NOT LISTED FOR SALE

Estimated Value: $56,819 - $86,000

Studio
1 Bath
2,760 Sq Ft
$27/Sq Ft Est. Value

Sale Details

Date Sold: May 4, 2023

Last sale price $50,000 $18 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $466 / mo

252 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Dining Room

About This Home

As of May 2023

Here is your opportunity to start or add to your investment portfolio. This brick duplex located in West Montgomery needs a little TLC and updating but the after repaired value will bring in monthly rent of approximately $1900 for both sides. The monthly pro-forma rents of $950 per side should make the value of the property approximately $137K The extra lot goes with the property and duplex is sold as is. This could be a cash flowing rental property for a smart investor.

Last Agent to Sell the Property

David Herman

David Herman Realty License #0011073 Listed on: 08/24/2022

Last Buyer's Agent

David Herman

David Herman Realty License #0011073 Listed on: 08/24/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $446

Year Built

  • Built in 1950

Lot Details

  • 10,498

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Dining Room
  • Wood Flooring

Utilities

  • Window Unit Cooling System
  • Multiple Heating Units
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tenant pays for all utilities, electric, gas, trash collection, water/sewer
  • The owner pays for lawn care, taxes
  • Assessor Parcel Number 0311072502017002200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$446

Year Built

Built in 1950

Lot Details

10,498 Sq Ft Lot

Listing Details

  • Property Type: Multi-family
  • Design: 2 Story
  • Year Built: 1950
  • New Construction: No
  • Unit Type: Other
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Area Feature: Separate Dining Room
  • Flooring: Wood

Exterior Features

  • Construction: Brick
  • Foundation: Slab
  • Pool: No
  • Waterfront: No

Utilities

  • Cooling: Window Units
  • Electric Authority: Alabama Power
  • Heating: 2 or More Units
  • Sewer: Public Sewer
  • Utilities: Natural Gas
  • Water: Public
  • Water Authority: Montgomery Water Works
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Parcel Number: 0311072502017002200

Rental Info

  • Owner Pay: Lawn Care, Taxes
  • Tenant Pay: All Utilities, Electric, Gas, Trash Collection, Water/Sewer

Tax Info

  • Taxes: 446

Multi Family

  • Total Units: 2
  • Unit Count: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2022
Closed on
May 2, 2023
Sold by
Bought by
Seller's Agent
David Herman
David Herman Realty
Buyer's Agent
David Herman
David Herman Realty
List Price
$89,900
Sold Price
$50,000
Premium/Discount to List
-$39,900
-44.38%
Views
389
Current Estimated Value
$73,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,955
Avg. Annual Appreciation
12.88%

Purchase Details

Listed on
Aug 24, 2022
Closed on
May 1, 2023
Sold by
Bought by
Seller's Agent
David Herman
David Herman Realty
Buyer's Agent
David Herman
David Herman Realty
List Price
$89,900
Sold Price
$50,000
Premium/Discount to List
-$39,900
-44.38%
Views
389

Purchase Details

Closed on
May 28, 2021
Sold by
Bought by

Purchase Details

Closed on
Apr 23, 2019
Sold by
Bought by

Purchase Details

Closed on
Feb 22, 2017
Sold by
Bought by

Purchase Details

Closed on
Aug 24, 2016
Sold by
Bought by

Purchase Details

Closed on
Mar 15, 2012
Sold by
Bought by

Purchase Details

Closed on
Feb 13, 2006
Sold by
Bought by

Purchase Details

Closed on
Aug 12, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Interest Rate
0.0619%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 26, 2001
Sold by
Bought by

Purchase Details

Closed on
Jul 24, 2001
Sold by
Bought by
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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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$89,900 None Listed On Document
$50,000 None Listed On Document
$65,000 Warren Joseph W
$17,000 None Available
$9,000 South Oak Title Llc
$2,000 South Oak Title Llc
-- None Available
$16,000 None Available
$56,400 --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $50,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/04/2023 05/04/23 Sold $50,000 -16.7% $18 / Sq Ft
05/04/2023 05/04/23 Price Changed $60,000 -33.3% $22 / Sq Ft
05/03/2023 05/03/23 Pending -- -- --
08/24/2022 08/24/22 For Sale $89,900 -- $33 / Sq Ft
Source: Montgomery Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $754 $15,260 $500 $14,760
2024 $754 $15,260 $500 $14,760
2023 $754 $13,660 $500 $13,160
2022 $432 $11,840 $500 $11,340
2021 $86 $2,360 $500 $1,860
2020 $86 $2,360 $500 $1,860
2019 $86 $2,360 $500 $1,860
2018 $86 $2,360 $0 $0
2017 $66 $1,800 $500 $1,300
2014 $332 $9,100 $500 $8,600
2013 -- $8,280 $500 $7,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Montgomery Area Association of REALTORS®

MLS Number: 523944

Montgomery Area Association of REALTORS®

APN: 11-07-25-2-017-002.000

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