NOT LISTED FOR SALE

390 Morrison Rd Equality, AL 36026

Estimated Value: $689,000 - $789,495

2 Beds
2 Baths
1,136 Sq Ft
$651/Sq Ft Est. Value

Last Sold October 31, 2022

Last sale price $690,000 $607 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,994/month

37 Days on Market

Highlights

  • 215 Feet of Waterfront
  • Fireplace
  • Cabin
  • Eclectic Elementary School Rated A-
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of October 2022

*click Link In Photo Tab for FULL MOTION VIDEO TOUR* Here’s a perfect Lake Martin cabin for you! This 2 bed 2 bath cabin sits on a huge 1.3 ac lot with over 200 ft of waterfront. Nestled in mature pine trees on a private slough in Real Island / Little Kowaliga area.

Last Agent to Sell the Property

John Christenberry

Lake Martin Voice Realty Listed on: 09/23/2022

Last Buyer's Agent

NonMember Agent

Non-Member

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1977

Lot Details

  • 215 Feet of Waterfront

Parking

  • No Garage

Home Design

  • Cabin
  • Metal Roof

Interior Spaces

  • 1-Story Property
  • Fireplace
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 01 02 0 002 031000

Home Details

Home Type

Single Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Water Body Name: Lake Martin
  • Subdivision Name: None
  • Directions: Take HWY 9 to Coosa 2, Right on Real Island Rd, Left on Morrison, House will be on the Right.
  • Architectural Style: Cabin
  • Building Stories: 1
  • Year Built: 1977
  • Utilities Fuel: Alabama Power: Yes
  • Cooling: Central( Elec)2: Yes
  • Foundation: Crawl Space: Yes
  • Sewage: Septic: Yes
  • Waterfront Frontage: 215
  • Roof: Metal: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Fireplace:Wood Burning: Yes

Exterior Features

  • Lot Features: Waterfront
  • Waterfront: Yes
  • Foundation Details: Crawl Space
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage
  • General Property Description:Garage Stall2: 0
  • General Property Description:Garage Remarks2: No Garage

Utilities

  • Cooling: Central (Elec)
  • Cooling Y N: Yes
  • Heating: Central (Elec)
  • Heating Yn: Yes
  • Heating:Central (Elec): Yes

Schools

  • Junior High Dist: Call Superintendent

Lot Info

  • Parcel #: 01 02 0 002 031000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2022
Closed on
Oct 26, 2022
Sold by
Latitude 30 Holdings Llc
Bought by
Washburn Alan W
Seller's Agent
John Christenberry
Lake Martin Voice Realty
Buyer's Agent
NonMember Agent
Non-Member
List Price
$729,000
Sold Price
$690,000
Premium/Discount to List
-$39,000
-5.35%
Current Estimated Value
$739,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,248
Avg. Annual Appreciation
2.21%
Original Mortgage
$483,000
Outstanding Balance
$467,885
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$271,363

Purchase Details

Listed on
Oct 30, 2012
Closed on
Jan 3, 2013
Sold by
Nichols Marshall C
Bought by
Baloch Brook Harris
Seller's Agent
John Coley
Lake Martin Voice Realty
Buyer's Agent
John Coley
Lake Martin Voice Realty
List Price
$359,000
Sold Price
$345,000
Premium/Discount to List
-$14,000
-3.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.28%
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
Washburn Alan W $690,000 Title Order Nbr Only
Baloch Brook Harris -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Washburn Alan W $483,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/22/2023 06/22/23 Off Market $345,000 -- --
06/22/2023 06/22/23 Off Market $635,000 -- --
06/22/2023 06/22/23 Off Market $690,000 -- --
10/31/2022 10/31/22 Sold $690,000 -5.3% $607 / Sq Ft
10/31/2022 10/31/22 Pending -- -- --
09/23/2022 09/23/22 For Sale $729,000 +14.8% $642 / Sq Ft
06/03/2022 06/03/22 Sold $635,000 +8.5% $559 / Sq Ft View Prior Sale
05/08/2022 05/08/22 Pending -- -- --
05/05/2022 05/05/22 For Sale $585,000 +69.6% $515 / Sq Ft
12/21/2012 12/21/12 Sold $345,000 -3.9% $304 / Sq Ft View Prior Sale
11/09/2012 11/09/12 Pending -- -- --
10/30/2012 10/30/12 For Sale $359,000 -- $316 / Sq Ft
Source: Lake Martin Area Association of REALTORS®

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 $1,453 $52,440 $0 $0
2023 $1,361 $524,160 $310,720 $213,440
2022 $1,070 $85,570 $60,334 $25,236
2021 $1,023 $81,850 $60,334 $21,516
2020 $982 $78,530 $60,334 $18,196
2019 $930 $77,446 $63,350 $14,096
2018 $976 $75,028 $60,334 $14,694
2017 $909 $36,360 $30,164 $6,196
2016 $959 $72,728 $60,334 $12,394
2014 $897 $338,780 $276,250 $62,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Martin Area Association of REALTORS®

MLS Number: 22-1093

APN: 06-01-02-0-002-031000-0