NOT LISTED FOR SALE

3827 40th Ave N Birmingham, AL 35217

Inglenook Neighborhood

Estimated Value: $110,000 - $117,000

4 Beds
3 Baths
1,992 Sq Ft
$57/Sq Ft Est. Value

Last Sold July 13, 2023

Last sale price $105,000 $53 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $695/month

55 Days on Market

About This Home

As of July 2023

Looking for a turnkey investment property that's already generating income? Look no further than this partially rented duplex! This property is an excellent opportunity for investors seeking a hassle-free income stream. Unit B boasts 2 bed/1.5 baths, with washer/dryer hookup. The current tenants have taken excellent care of the unit and are signed through 07/31/2023, ensuring a stable rental income. Unit A is a 2 bed/1 bath and features washer/dryer hookup. The unit is ready to rent. Overall, this property offers an excellent opportunity to invest in a turnkey duplex that's already generating income. Don't miss out on this chance to add a reliable income stream to your investment portfolio!

Last Agent to Sell the Property

Curtin Realty

Keller Williams Pell City Listed on: 04/07/2023

Keller Williams Pell City

Last Buyer's Agent

Curtin Realty

Keller Williams Pell City Listed on: 04/07/2023

Keller Williams Pell City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $505

Year Built

  • Built in 1920

Lot Details

  • 6,534

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Siding

Schools

  • Inglenook Elementary School
  • Tarrant Middle School
  • Tarrant High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Wall to Wall Carpet
  • Crawl Space

Community Details

  • 2 Units
  • Gross Income $1,390

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$505

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Down Payment Assistance: Yes
  • Down Payment Assistance URL: https://www.workforce-resource.com/dpr/listing/GALMLS/1350448?w=PubMLS
  • Property Type: Duplex
  • Year Built Description: Existing
  • Year Built: 1920
  • Price Per Sq Ft: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Interior Features

  • Floors: Wall-to-Wall Carpet

Exterior Features

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

Garage/Parking

  • Parking: On Street Parking

Utilities

  • Heating: Central w/Ind Ctrl(HEAT)
  • Cooling: Central w/Ind Ctrl(COOL)
  • Sewer/Septic System: Connected
  • Water: Public Water

Condo/Co-op/Association

  • Total Units: 2

Schools

  • Elementary School: INGLENOOK
  • Middle School: TARRANT
  • High School: TARRANT

Lot Info

  • Assessor Parcel Number: 23-00-18-1-009-005.000

Rental Info

  • Tenant Pays: All Utilities (TENANT)

Tax Info

  • Tax District: BIRMINGHAM
  • Annual Tax: 505

Multi Family

  • Gross Income: 1390

MLS Schools

  • Elementary School: INGLENOOK
  • High School: TARRANT
  • Jr Middle School: TARRANT

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2023
Closed on
Jul 11, 2023
Sold by
Rivers Marion S
Bought by
Hussain Nadeem
Seller's Agent
Curtin Realty
Keller Williams Pell City
Buyer's Agent
Curtin Realty
Keller Williams Pell City
List Price
$130,000
Sold Price
$105,000
Premium/Discount to List
-$25,000
-19.23%
Views
374
Current Estimated Value
$116,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,563
Avg. Annual Appreciation
5.15%
Original Mortgage
$78,750
Outstanding Balance
$77,179
Interest Rate
6.79%
Estimated Equity
$39,384

Purchase Details

Listed on
Sep 23, 2020
Closed on
Dec 9, 2020
Sold by
Filpro Properties Llc
Bought by
Rivers Marion S
Seller's Agent
Brandi Ard
Decas Group, Inc.
Buyer's Agent
Curtin Realty
Keller Williams Pell City
List Price
$115,000
Sold Price
$103,500
Premium/Discount to List
-$11,500
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.56%
Original Mortgage
$77,625
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 1, 2017
Closed on
Apr 16, 2018
Sold by
Three D Properties Of Alab
Bought by
Filpro Properties Llc
Seller's Agent
Shannon Malcom
EXIT Realty Birmingham
Buyer's Agent
Shannon Malcom
EXIT Realty Birmingham
List Price
$78,000
Sold Price
$68,000
Premium/Discount to List
-$10,000
-12.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.18%

Purchase Details

Closed on
Aug 31, 2015
Sold by
Bear Creek Management Llc
Bought by
Three D Properties Of Alabama Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2004
Sold by
Ellis Grady Edward and Benner Jerri Ellis
Bought by
Bearcreek Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
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
Hussain Nadeem $105,000 None Listed On Document
Rivers Marion S $103,500 --
Filpro Properties Llc $68,000 --
Three D Properties Of Alabama Inc $12,000 --
Bearcreek Management Llc $40,000 Stewart Title Guaranty Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hussain Nadeem $78,750
Previous Owner Rivers Marion S $77,625
Previous Owner Filpro Properties Llc $34,000
Previous Owner 3D Properties Of Alabama Inc $40,000
Previous Owner Bear Creek Management Llc $64,500
Previous Owner Bearcreek Management Llc $56,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2023 07/13/23 Sold $105,000 -19.2% $53 / Sq Ft
04/07/2023 04/07/23 For Sale $130,000 +25.6% $65 / Sq Ft
12/10/2020 12/10/20 Sold $103,500 -10.0% $52 / Sq Ft
11/01/2020 11/01/20 Pending -- -- --
09/23/2020 09/23/20 For Sale $115,000 +69.1% $58 / Sq Ft
04/16/2018 04/16/18 Sold $68,000 -12.8% $34 / Sq Ft
02/22/2018 02/22/18 Pending -- -- --
02/22/2018 02/22/18 For Sale $78,000 +14.7% $39 / Sq Ft
02/20/2018 02/20/18 Off Market $68,000 -- --
12/01/2017 12/01/17 For Sale $78,000 -- $39 / 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 $684 $22,760 -- --
2022 $505 $6,960 $2,640 $4,320
2021 $547 $7,540 $2,640 $4,900
2020 $526 $7,260 $2,640 $4,620
2019 $547 $7,540 $0 $0
2018 $191 $2,640 $0 $0
2017 $0 $2,640 $0 $0
2016 $191 $2,640 $0 $0
2015 -- $2,640 $0 $0
2014 $452 $2,640 $0 $0
2013 $452 $2,640 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Curtin Realty

    Seller's Agent in 2023

    Curtin Realty

    Keller Williams Pell City

    (205) 965-1434

    7 in this area

    131 Total Sales

    Section Image
  • Brandi Ard

    Seller's Agent in 2020

    Brandi Ard

    Decas Group, Inc.

    (205) 447-0832

    3 in this area

    176 Total Sales

    Section Image
  • Shannon Malcom

    Seller's Agent in 2018

    Shannon Malcom

    EXIT Realty Birmingham

    (205) 260-7784

    3 in this area

    184 Total Sales

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Map

Source: Greater Alabama MLS

MLS Number: 1350448

Greater Alabama MLS

APN: 23-00-18-1-009-005.000

Alabama Jefferson County Birmingham 35217 Inglenook

3827 40th Ave N, Birmingham, AL

This home is located at 3827 40th Ave N, Birmingham, AL 35217 since 07 April 2023 and is currently estimated at $113,420, approximately $56 per square foot. This property was built in 1920. 3827 40th Ave N is a home located in Jefferson County with nearby schools including Inglenook Elementary School, George W. Carver High School, and Cornerstone Schools of Alabama.

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