NOT LISTED FOR SALE

401 Michael Ln Unit 6 Mountain Brook, AL 35213

Estimated Value: $1,121,000 - $3,539,507

0.38 Acre
$4,795,729 Price per Acre
16,553 Sq Ft Lot

Last Sold May 14, 2021

Last sale price $360,000

Est. 406% increase in value since last sale

Current estimated payment $11,740/month

About This Lot

As of May 2021

401 Michael Lane is the perfect opportunity to build your dream home in Crestline! This beautiful lot sits atop Mountain Park Drive and has already been cleared. It is within walking distance to Crestline Village—full of shops, restaurants, and both Crestline Elementary & Mountain Brook Junior High! Bring your own architect and builder!

Last Agent to Sell the Property

Stephanie Robinson

RealtySouth-MB-Cahaba Rd Listed on: 01/21/2021

RealtySouth-MB-Cahaba Rd

Last Buyer's Agent

Nicole Hardekopf

ARC Realty Vestavia

ARC Realty Vestavia

Property Details

Property Type

  • Land

Lot Details

  • 0.38 Acre Lot

Schools

  • Crestline Elementary School
  • Mountain Brook Middle School
  • Mountain Brook High School

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 28-00-04-4-002-005.002

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Class: Land/Lots
  • Additional Information: Survey Available
  • Down Payment Assistance: No
  • Legal Description: LOT 6, DONNA LYNN ESTATES
  • Property Type: Lots
  • Price Per Sq Ft: 1
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Access: Paved Road

Utilities

  • Sewer/Septic System: Sewer Connected
  • Water: Public Water
  • Utilities Available: Cable Available, Electricity, Gas, Phone, Sewer, Water
  • Utilities On-site: Cable Onsite, Electricity, Gas, Phone, Sewer, Water

Schools

  • Elementary School: CRESTLINE
  • Middle School: MOUNTAIN BROOK
  • High School: MOUNTAIN BROOK

Lot Info

  • Assessor Parcel Number: 28-00-04-4-002-005.002
  • Number Acres: 0.38
  • Best Use Per Zone: Residential
  • List Price per Acre: 973421.05
  • Lot Description Type: Entire Parcel Only
  • Surrounding Area: Residential
  • Unit/Lot Number: 6

Tax Info

  • Tax District: Mountain Brook
  • Annual Tax: 8950

Multi Family

  • Number Of Lots: 1 Lot

MLS Schools

  • Elementary School: CRESTLINE
  • High School: MOUNTAIN BROOK
  • Jr Middle School: MOUNTAIN BROOK

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2021
Closed on
May 14, 2021
Sold by
Tinney Sean C
Bought by
Linn Andrew G and Linn Tiffany C
Seller's Agent
Stephanie Robinson
RealtySouth-MB-Cahaba Rd
Buyer's Agent
Nicole Hardekopf
ARC Realty Vestavia
List Price
$369,900
Sold Price
$360,000
Premium/Discount to List
-$9,900
-2.68%
Current Estimated Value
$1,822,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,462,377
Avg. Annual Appreciation
44.69%
Original Mortgage
$324,000
Outstanding Balance
$293,625
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,528,752

Purchase Details

Listed on
Oct 23, 2018
Closed on
Dec 31, 2019
Sold by
Staff Michael
Bought by
Tinney Sean C and Gnann Andrew J
Seller's Agent
Buffy Allen
Ray & Poynor Properties
Buyer's Agent
Sean Tinney
NextHome Heritage
List Price
$399,999
Sold Price
$380,000
Premium/Discount to List
-$19,999
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.87%
Original Mortgage
$286,942
Interest Rate
3.6%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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ICE

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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
Linn Andrew G $360,000 --
Tinney Sean C $380,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Linn Andrew G $324,000
Previous Owner Tinney Sean C $286,942
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2021 05/14/21 Sold $360,000 -2.7% --
01/21/2021 01/21/21 For Sale $369,900 -2.7% --
12/31/2019 12/31/19 Sold $380,000 -4.9% --
07/18/2019 07/18/19 Price Changed $399,599 0.0% --
06/12/2019 06/12/19 Price Changed $399,699 0.0% --
05/23/2019 05/23/19 Price Changed $399,799 0.0% --
05/12/2019 05/12/19 Price Changed $399,899 0.0% --
10/23/2018 10/23/18 For Sale $399,999 -- --
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 $24,937 $150,180 -- --
2022 $7,848 $72,000 $72,000 $0
2021 $7,325 $67,200 $67,200 $0
2020 $7,325 $67,200 $67,200 $0
2019 $6,653 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Alabama MLS

MLS Number: 1274348

Greater Alabama MLS

APN: 28-00-04-4-002-005.002