NOT LISTED FOR SALE

Estimated Value: $503,000 - $592,727

4 Beds
3 Baths
2,896 Sq Ft
$191/Sq Ft Est. Value

Last Sold September 14, 2020

Last sale price $425,000 $147 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,269/month

2 Days on Market

Highlights

  • Boathouse
  • 91 Feet of Waterfront
  • Community Boat Slip
  • Shelby Elementary School Rated A-
  • Private Dock
  • Second Kitchen

About This Home

As of September 2020

This paradise on the lake is every water lover's dream! Beautiful Downs Circle is the prettiest street in Shelby Shores. This well-established cul-de-sac is surrounded by idyllic Lay Lake. Park right outside the front door on the new semi-circular driveway. Step into this tastefully appointed, elegant home on the lake. An enormous kitchen affords guests ample room to engage and mill about. The exquisite living room/dining room with windows galore overlooks vast, sparkling waters. Spend every morning and afternoon enjoying the peaceful view on the massive deck that spans the entire width of the home. A new statement-style staircase cascades from the deck to the new boardwalk that gracefully winds around the yard or leads straight to the new pier, boathouse, and dock. Large family or long-term guests? The basement level has its own spacious full kitchen, den, bedroom, full bath, laundry, and a covered patio with a private entrance and stunning lake views. 41 Downs Circle- unforgettable!

Last Listed By

Beth Harris

ARC Realty Pelham Branch Listed on: 08/09/2020

ARC Realty Pelham Branch

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,555

Year Built

  • Built in 1979

Lot Details

  • 0.59 Acre Lot
  • 91 Feet of Waterfront
  • Cul-De-Sac
  • Interior Lot
  • Few Trees

Property Views

  • Lake
  • Mountain

Home Design

  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Fireplace
  • Stone Fireplace
  • Window Treatments
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Pull Down Stairs to Attic

Kitchen

  • Second Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Solid Surface Countertops

Flooring

  • Wood
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Split Vanities
  • Bathtub and Shower Combination in Primary Bathroom
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer and Electric Dryer Hookup

Finished Basement

  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Laundry in Basement
  • Natural lighting in basement

Parking

  • Garage
  • Basement Garage
  • Garage on Main Level
  • Circular Driveway
  • RV or Boat Parking

Outdoor Features

  • Water Access
  • Boathouse
  • Private Dock
  • Covered Deck
  • Covered patio or porch

Utilities

  • Central Heating and Cooling System
  • Programmable Thermostat
  • Gas Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 31-4-18-0-001-045.000

Community Details

Overview

  • $13 Other Monthly Fees

Recreation

  • Community Boat Slip
  • Community Boat Launch
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,555

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Living Area: 1448
  • Legal Description: Shelby Shores 1971 Addition Lot 12
  • List Price per Sq Ft: 301.04
  • Number Levels: 1-Story
  • Property Type: Single Family
  • Termite Company Name: APS
  • Termite Contract: Yes
  • Year Built Description: Existing
  • Year Built: 1979
  • Price Per Sq Ft: 146.75
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1979

Interior Features

  • Interior Amenities: Recess Lighting
  • Fireplace Details: Stone (FIREPL)
  • Fireplace Location: Living Room (FIREPL)
  • Fireplace Type: Woodburning
  • Floors: Concrete, Hardwood, Tile Floor
  • Number Fireplaces: 1
  • Windows Treatments: Some to Remain
  • Bedroom/Bathroom Features: Linen Closet, Separate Vanities, Tub/Shower Combo
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Concatenated Rooms: |Kitchen1|DiningRoom1|Living1|FullBath1|Bedroom1|Bedroom1|MasterBR1|MasterBath1|Laundry1|2ndKitchB|BedroomB|FullBathB|DenB|LaundryB|
  • Room 1: Kitchen, On Level: 1
  • Room 2: Dining Room, On Level: 1
  • Room 3: Living, On Level: 1
  • Room 4: Full Bath, On Level: 1
  • Room 5: Bedroom, On Level: 1
  • Room 6: Bedroom, On Level: 1
  • Room 7: Master Bedroom, On Level: 1
  • Room 8: Master Bath, On Level: 1
  • Room 9: Laundry, On Level: 1
  • Room 10: 2nd Kitchen, On Level: B
  • Room 11: Bedroom, On Level: B
  • Room 12: Full Bath, On Level: B
  • Room 13: Den/Family, On Level: B
  • Room 14: Laundry, On Level: B
  • Basement Rooms: 2nd Kitchen (LVL BSMT), Bedroom (LVL BSMT), Den/Family (LVL BSMT), Full Bath (LVL BSMT), Laundry (LVL BSMT)
  • Rooms Level 1: Bedroom (LVL 1), Dining Room (LVL 1), Full Bath (LVL 1), Kitchen (LVL 1), Laundry (LVL 1), Living (LVL 1), Master Bath (LVL 1), Master Bedroom (LVL 1)
  • Basement Style: Full Basement
  • Basement Style II: All Finished
  • Basement Style III: Daylight Basement, Poured Concrete Walls
  • Kitchen Countertops: Solid Surface
  • Kitchen Equipment: Cooktop-Gas, Dishwasher Built-In, Microwave Built-In, Some Stainless Appl
  • Kitchen Features: Breakfast Bar, Island
  • Laundry: Yes
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Washer Hookup
  • Laundry Location: Laundry (BSMT), Laundry (MLVL)
  • Laundry Space: Room, Basement Area
  • Attic: Yes
  • Attic Type: Pull-Down
  • Basement Finished Sq Ft: 1448
  • Main Level Sq Ft: 1448

Exterior Features

  • Patio: Yes
  • Waterfront Name: LAY LAKE
  • Construction: 4 Sides Brick
  • Decks: Yes
  • Decks Type: Covered (DECK)
  • Exterior Features: Boat House Private, Dock Private
  • Foundation: Basement
  • Patio Type: Covered - (PATIO)
  • Waterfront: Yes
  • Waterfront Frontage: 91
  • Water Heater: Gas (WTRHTR)

Garage/Parking

  • Parking Features: Boat Parking, Circular Drive, Lower Level, Parking (MLVL)

Utilities

  • Heating: Central (HEAT)
  • Cooling: Central (COOL)
  • Sewer/Septic System: Septic
  • Water: Public Water
  • HVAC Area: 2896

Condo/Co-op/Association

  • Amenities: Boat Launch, Fishing, Boat Slip, Water Access

Fee Information

  • Garbage Fee: Yes
  • Garbage Fee Amount: 40
  • Garbage Fee Per: Quarterly

Schools

  • Elementary School: SHELBY
  • Middle School: COLUMBIANA
  • High School: SHELBY COUNTY

Lot Info

  • Assessor Parcel Number: 31-4-18-0-001-045.000
  • Lot Description: Cul-de-sac, Interior Lot, Some Trees
  • Lot View: Yes
  • Lot View Type: Lake/Water View, Mountain View
  • Number Acres: 0.59

Green Features

  • Energy Green Features: Ceiling Fans, Programmable Thermostat

Tax Info

  • Tax District: COUNTY
  • Annual Tax: 2555

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2021
Sold by
Lane Donald E and Lane Sue Brenda
Bought by
Lane Princeton Matthew and Lane Hollie C
Total Days on Market
2
Current Estimated Value
$553,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Outstanding Balance
$300,816
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$255,899

Purchase Details

Listed on
Aug 9, 2020
Closed on
Oct 6, 2020
Sold by
Lane Donald E and Lane Brenda Sue
Bought by
Lane Donald E and Lane Brenda Sue
Seller's Agent
Beth Harris
ARC Realty Pelham Branch
Buyer's Agent
Matt Lane
Lennar Homes Coastal Realty LL
List Price
$435,900
Sold Price
$425,000
Premium/Discount to List
-$10,900
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.96%
Original Mortgage
$325,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 9, 2020
Closed on
Sep 14, 2020
Sold by
Wyrosdick Barbara M
Bought by
Lane Donald E and Lane Brenda Sue
Seller's Agent
Beth Harris
ARC Realty Pelham Branch
Buyer's Agent
Matt Lane
Lennar Homes Coastal Realty LL
List Price
$435,900
Sold Price
$425,000
Premium/Discount to List
-$10,900
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 27, 2016
Closed on
Mar 10, 2017
Sold by
Jan3 S P E I Llc
Bought by
Wyrosdick Barbara M
Seller's Agent
Brian Thomas
RE/MAX Advantage South
Buyer's Agent
Beth Harris
ARC Realty Pelham Branch
List Price
$324,500
Sold Price
$300,000
Premium/Discount to List
-$24,500
-7.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.31%

Purchase Details

Listed on
Apr 27, 2016
Closed on
Feb 28, 2017
Sold by
Carliste Kimberly Farr and Carlisle Shane
Bought by
Jan3 Spe 1 Llc
Seller's Agent
Brian Thomas
RE/MAX Advantage South
Buyer's Agent
Beth Harris
ARC Realty Pelham Branch
List Price
$324,500
Sold Price
$300,000
Premium/Discount to List
-$24,500
-7.55%

Purchase Details

Closed on
Jul 28, 2009
Sold by
Jones James Edwin
Bought by
Jones James Edwin and Carlisle Kimberly Farr

Range of Values:

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Average Value
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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
Lane Princeton Matthew -- Johnson Sandy F
Lane Donald E -- None Available
Lane Donald E $425,000 None Available
Wyrosdick Barbara M -- None Available
Jan3 Spe 1 Llc $30,000 None Available
Jones James Edwin $5,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lane Princeton Matthew $33,000
Open Lane Princeton Matthew $328,000
Previous Owner Lane Donald E $325,000
Previous Owner Carlisle Shane $60,000
Previous Owner Carlisle Shane Ray $110,000
Previous Owner Carlisle Shane $45,000
Previous Owner Carlisle Kimberly Farr $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2020 09/14/20 Sold $425,000 -2.5% $147 / Sq Ft
08/09/2020 08/09/20 For Sale $435,900 +45.3% $151 / Sq Ft
02/28/2017 02/28/17 Sold $300,000 -7.6% $207 / Sq Ft
02/04/2017 02/04/17 Pending -- -- --
04/27/2016 04/27/16 For Sale $324,500 -- $224 / 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 $2,428 $56,120 $0 $0
2023 $2,281 $52,780 $0 $0
2022 $2,031 $47,080 $0 $0
2021 $2,603 $42,060 $0 $0
2020 $2,603 $59,160 $0 $0
2019 $2,555 $58,060 $0 $0
2017 $1,019 $24,080 $0 $0
2015 $992 $23,480 $0 $0
2014 $976 $23,120 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Alabama MLS

MLS Number: 891930

Greater Alabama MLS

APN: 31-4-18-0-001-045-000