NOT LISTED FOR SALE

431 Cherokee Heights Rd Tallassee, AL 36078

Estimated Value: $595,000

3 Beds
2 Baths
1,816 Sq Ft
$328/Sq Ft Est. Value

Last Sold June 24, 2020

Last sale price $345,000 $190 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $3,377/month

310 Days on Market

Highlights

  • Boathouse
  • Pier
  • Covered Deck
  • 220 Feet of Waterfront
  • Boat Slip
  • Wooded Lot

About This Home

As of June 2020

This great Lake Martin property is located on the desirable southside and offers a traditional lake cabin and a guest boathouse home! Built above the boathouse at the water's edge, the guest home features one bedroom, one bath, living room/kitchen and sports a balcony overlooking the water. Enjoy morning coffee literally at the edge of the lake! The main lake cabin has two bedrooms, one bath, large living area with vaulted ceiling and wood beams, eat-in kitchen, and laundry room. Enjoy cozy evenings around the fireplace and game nights around the kitchen table! With 220 +/- feet of water frontage and two piers, this lake property offers plenty of room for everyone to enjoy the pleasures of lake living. You are only moments from enjoying the best of Lake Martin. Hop in the boat and visit Goat Island and Chimney Rock just moments away or head on over to eat at nearby Kowaliga Restaurant or Chuck's Pizza. You have several options to tank up at one of the local marinas! Lazy summer afternoons are perfect for a crowd with the home's screened-in porch, outdoor sitting areas around the grilling hut, or enjoy basking in the sun on one of the property's piers and docks. Don't worry about storage - the home has a large two-car garage and a two-boat storage area under the guest home for all the lake toys. The home is being sold "as is." With its great lot overlooking the water on a rounded point, this property can be enjoyed for its rustic charm or you can start making plans for creating your dream home.

Last Agent to Sell the Property

Jimmy Baker

Lake Dog Realty License #104561 Listed on: 07/16/2019

Co-Listed By

Kim Baker

Lake Dog Realty License #123986

Last Buyer's Agent

Jimmy Baker

Lake Dog Realty License #104561 Listed on: 07/16/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $956

Year Built

  • Built in 1963

Lot Details

  • 0.42 Acre Lot
  • 220 Feet of Waterfront
  • Fenced
  • Wooded Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Lake House
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,816 Sq Ft Home
  • 1-Story Property
  • Paneling
  • 1 Fireplace
  • Screened Porch
  • Laminate Flooring
  • Crawl Space
  • Electric Oven

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Pier
  • Seawall
  • Boat Slip
  • Boathouse
  • Covered Deck

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 07-07-35-1-003-001000-0

Home Details

Home Type

Single Family

Est. Annual Taxes

$956

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.42
  • Water Body Name: Lake Martin
  • Co List Office Mls Id: lakedoglm
  • Co List Office Phone: 334-306-7921
  • Subdivision Name: None
  • Directions: From Tallassee, go north on Hwy 229, turn right onto Martin Dam Road, turn left onto Cherokee Heights Road. Home will be at end before road turns sharply to the right. Sign will be in the yard.
  • Architectural Style: Lake Home
  • Building Area Total: 1816.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1963
  • Utilities Fuel: Alabama Power: Yes
  • Siding: Vinyl Siding: Yes
  • Cooling: Heat Pump2: Yes
  • Foundation: Crawl Space: Yes
  • Roof: Architectural: Yes
  • Floors: Laminate: Yes
  • Sewage: Septic: Yes
  • Exterior: Deck: Yes
  • Exterior: Shrubs: Yes
  • Exterior: Wooded: Yes
  • Waterfront Frontage: 220 +/-
  • Exterior: Covered Deck: Yes
  • Exterior: Screen Porch: Yes
  • Walls: Paneling: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Laminate
  • Appliances:Oven (Elec): Yes
  • Appliances:Water Heater (Elec): Yes

Exterior Features

  • Lot Features: Waterfront, Lot Remarks, Wooded
  • Waterfront Features: Pier, Boat Slip, Boat House, Seawall
  • Waterfront: Yes
  • Disclosures: Lead-based Paint
  • Construction Type: Block, Vinyl Siding
  • Exterior Features: Covered Deck, Screen Porch, Shrubs
  • Foundation Details: Crawl Space
  • Patio And Porch Features: Deck
  • Roof: Architectural
  • Waterfront Features:Pier: Yes
  • Waterfront Features:Seawall: Yes
  • Waterfront Features:Boat House: Yes
  • Waterfront Features:Boat Slip: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached
  • General Property Description:Garage Stall2: 2
  • General Property Description:Garage Remarks2: Attached

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Heating:Heat Pump: Yes

Schools

  • Junior High Dist: Call Superintendent

Lot Info

  • Lot Size Sq Ft: 18295.2
  • Parcel #: 07-07-35-1-003-001000-0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 956.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 13, 2021
Sold by
Goss Erica Dullary and Goss Clark Elliott
Bought by
Goss Erica Dullary and Goss Clark Elliott
Current Estimated Value
$595,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,750
Outstanding Balance
$337,434
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$182,566

Purchase Details

Listed on
Jul 16, 2019
Closed on
Jun 24, 2020
Sold by
Goss Erica Dullary and Goss Clark Elliott
Bought by
Goss Erica Dullary and Goss Clark Elliott
Seller's Agent
Jimmy Baker
Lake Dog Realty
Buyer's Agent
Jimmy Baker
Lake Dog Realty
List Price
$449,000
Sold Price
$345,000
Premium/Discount to List
-$104,000
-23.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.24%
Original Mortgage
$172,500
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 16, 2019
Closed on
Jun 23, 2020
Sold by
Mote Todd V and Mote Katherine C
Bought by
Mote Selma A and Goss Erica Dullary
Seller's Agent
Jimmy Baker
Lake Dog Realty
Buyer's Agent
Jimmy Baker
Lake Dog Realty
List Price
$449,000
Sold Price
$345,000
Premium/Discount to List
-$104,000
-23.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
3.2%
Mortgage Type
New Conventional
Source: Public Records

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
Goss Erica Dullary $175,000 None Available
Goss Erica Dullary $345,000 None Available
Mote Selma A $345,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goss Erica Dullary $369,750
Previous Owner Mote Selma A $172,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2023 06/22/23 Off Market $345,000 -- --
06/24/2020 06/24/20 Sold $345,000 -23.2% $190 / Sq Ft
05/22/2020 05/22/20 Pending -- -- --
07/16/2019 07/16/19 For Sale $449,000 -- $247 / 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 $1,621 $64,560 $0 $0
2023 $1,621 $649,200 $258,390 $390,810
2022 $1,207 $49,984 $25,086 $24,898
2021 $1,126 $46,734 $25,086 $21,648
2020 $1,046 $43,554 $25,086 $18,468
2019 $949 $81,816 $52,680 $29,136
2018 $956 $77,370 $50,172 $27,198
2017 $872 $36,600 $25,089 $11,511
2016 $920 $36,525 $25,086 $11,439
2014 $923 $366,260 $250,860 $115,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Martin Area Association of REALTORS®

MLS Number: 19-1057

APN: 07-07-35-1-003-001000-0