$90,000
SOLD FEB 3, 2025

3929 Midway Rd Adamsville, AL 35005

3 Beds
3 Baths
1,650 Sq Ft
0.5 Acres

Recently Sold

$55 Per Sq Ft

18% Below List Price

49 Days on Market

About This Home

As of February 2025

Great investment opportunity for this 3-5 unit multi-family home in Adamsville. Great community ~ quiet neighborhood. The 3 units on the main level are occupied - each at $550 a month. There are 2 more potential units in the basement that are not occupied (units need a lot of work to be rentable, but great potential for 5 units!) The numbers on this one are great! All units are one bedroom. Plenty of parking and each has it's own separate entry.

Last Agent to Sell the Property

Daphney Massey

Century 21 Advantage Listed on: 12/02/2024

Century 21 Advantage

Last Buyer's Agent

Daphney Massey

Century 21 Advantage Listed on: 12/02/2024

Century 21 Advantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,499

Year Built

  • Built in 1950

Home Design

  • Quadruplex
  • Siding

Flooring

  • Laminate
  • Tile

Partially Finished Basement

  • Basement Fills Entire Space Under The House

Schools

  • Adamsville Elementary School
  • Arrington Middle School
  • Brookwood High School

Utilities

  • Window Unit Cooling System
  • Electric Water Heater
  • Septic Tank

Community Details

  • 3 Units
  • Operating Expense $440

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,499

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Down Payment Assistance: Yes
  • Down Payment Assistance URL: https://www.workforce-resource.com/dpr/listing/GALMLS/21404094?w=PubMLS
  • Property Type: Quadplex
  • Year Built Description: Existing
  • Year Built: 1950
  • Price Per Sq Ft: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Floors: Laminate, Tile
  • Basement Style: Full Basement
  • Basement Finished: Partially Finished

Exterior Features

  • Construction: Siding
  • Foundation: Basement
  • Water Heater: Electric (WTRHTR)

Garage/Parking

  • Parking: 1 Space per Unit

Utilities

  • Heating: Individual Units (HEAT)
  • Cooling: Window Units (COOL)
  • Sewer/Septic System: Septic
  • Water: Public Water

Condo/Co-op/Association

  • Total Units: 3

Schools

  • Elementary School: ADAMSVILLE
  • Middle School: ARRINGTON
  • High School: BROOKWOOD

Lot Info

  • Assessor Parcel Number: 21-00-03-3-001-014.000

Rental Info

  • Owner Pays: Electric (OWNER)
  • Tenant Pays: Cable/TV Connect (TENANT)

Tax Info

  • Tax District: ADAMSVILLE

Multi Family

  • Expenses: 440

MLS Schools

  • Elementary School: ADAMSVILLE
  • High School: BROOKWOOD
  • Jr Middle School: ARRINGTON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2024
Closed on
Feb 3, 2025
Sold by
Bohannon Glenn
Bought by
Wehby Investment Properties Llc
Seller's Agent
Daphney Massey
Century 21 Advantage
Buyer's Agent
Daphney Massey
Century 21 Advantage
List Price
$110,000
Sold Price
$90,000
Premium/Discount to List
-$20,000
-18.18%
Views
84
Current Estimated Value
$96,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,295
Avg. Annual Appreciation
18.14%
Original Mortgage
$72,000
Outstanding Balance
$63,887
Interest Rate
6.85%
Mortgage Type
Construction
Estimated Equity
$35,746

Purchase Details

Listed on
Dec 2, 2024
Closed on
Jan 23, 2025
Sold by
Malone Kenneth Mark
Bought by
Bohannon Glenn
Seller's Agent
Daphney Massey
Century 21 Advantage
Buyer's Agent
Daphney Massey
Century 21 Advantage
List Price
$110,000
Sold Price
$90,000
Premium/Discount to List
-$20,000
-18.18%
Views
84

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Outstanding Balance
$63,887
Interest Rate
6.85%
Mortgage Type
Construction
Estimated Equity
$35,746

Purchase Details

Closed on
Sep 26, 1994
Sold by
Sheriff Of Jefferson County
Bought by
Bailey Anita and Gober Helen
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 Type Sale Price Title Company
Warranty Deed $90,000 None Listed On Document
Warranty Deed -- None Listed On Document
Quit Claim Deed $500 None Listed On Document
Warranty Deed $500 --
Sheriffs Deed $150,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $72,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2025 02/03/25 Sold $90,000 -18.2% $55 / Sq Ft
12/02/2024 12/02/24 For Sale $110,000 -- $67 / 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 $1,499 $24,700 -- --
2022 $1,116 $18,380 $2,020 $16,360
2021 $1,116 $18,380 $2,020 $16,360
2020 $1,116 $18,380 $2,020 $16,360
2019 $1,116 $18,380 $0 $0
2018 $952 $15,680 $0 $0
2017 $943 $15,540 $0 $0
2016 $900 $14,820 $0 $0
2015 $932 $15,360 $0 $0
2014 $918 $15,120 $0 $0
2013 $918 $15,120 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Alabama MLS

MLS Number: 21404094

Greater Alabama MLS

APN: 21-00-03-3-001-014.000