$75,000
SOLD DEC 23, 2024
2 Beds
1 Bath
726 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$103 Per Sq Ft

2% Below List Price

3 Days on Market

Highlights

  • Laundry Room
  • 1-Story Property
  • Central Heating and Cooling System

About This Home

As of December 2024

Investment Property with Immediate Cash Flow and 10%+ Cap Rate! This turnkey property comes with a reliable, long-term tenant on a 100% Section 8 lease, providing stable income from day one. The tenant has occupied the property since 2021, with a current monthly rent of $915. Section 8 pays 100% of rent. Highlights: - Fully renovated in 2021 with no repairs needed. - Extensive upgrades to meet all building codes: new roof, HVAC system and ductwork, upgraded electrical system (panel, breakers, wiring, and lighting), new plumbing, insulation, and drywall. - Exterior improvements include new siding, soffit, windows, privacy fence, and front entry porch. - Interior enhancements include new flooring, kitchen, laundry area, and bathroom. Additional Details: - Tenant-occupied – please do not disturb the tenant. - Showings and inspections available during the buyer’s due diligence period after the purchase contract is signed. - No seller financing available.

Last Agent to Sell the Property

Jonathan Mednick

Real Equity, Inc. License #98204 Listed on: 11/05/2024

Last Buyer's Agent

Amy Taylor

ERA King Real Estate - Birmingham

ERA King Real Estate - Birmingham

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $174

Year Built

  • Built in 1950

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • Driveway

Home Design

  • HardiePlank Siding

Interior Spaces

  • 726 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Laminate Flooring
  • Crawl Space

Kitchen

  • Stove
  • Laminate Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

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

Schools

  • Wenonah Elementary School
  • Jones Valley Middle School
  • Wenonah High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$174

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Down Payment Assistance: Yes
  • Down Payment Assistance URL: https://www.workforce-resource.com/dpr/listing/GALMLS/21402026?w=PubMLS
  • Living Area: 726
  • Legal Description: LOT 5 BL 4 HILLMAN GARDENS
  • List Price per Sq Ft: 105.92
  • Number Levels: 1-Story
  • Property Type: Single Family
  • Year Built Description: Existing
  • Year Built: 1950
  • Price Per Sq Ft: 103.31
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1950

Interior Features

  • Floors: Hardwood Laminate
  • Bedroom/Bathroom Features: Shared Bath, Tub/Shower Combo
  • Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Concatenated Rooms: |Living1|Kitchen1|Bedroom1|Bedroom1|FullBath1|
  • Room 1: Living, On Level: 1
  • Room 2: Kitchen, On Level: 1
  • Room 3: Bedroom, On Level: 1
  • Room 4: Bedroom, On Level: 1
  • Room 5: Full Bath, On Level: 1
  • Rooms Level 1: Bedroom (LVL 1), Full Bath (LVL 1), Kitchen (LVL 1), Living (LVL 1)
  • Kitchen Countertops: Laminate
  • Kitchen Equipment: Stove-Electric
  • Laundry: Yes
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Washer Hookup
  • Laundry Location: Laundry (MLVL)
  • Laundry Space: Room
  • Main Level Sq Ft: 726

Exterior Features

  • Construction: Siding-Hardiplank
  • Foundation: Crawl Space
  • Water Heater: Electric (WTRHTR)

Garage/Parking

  • Parking Features: Driveway Parking

Utilities

  • Heating: Central (HEAT)
  • Cooling: Central (COOL)
  • Sewer/Septic System: Connected
  • Water: Public Water
  • HVAC Area: 726
  • Internet Service Availability: Yes

Schools

  • Elementary School: WENONAH
  • Middle School: JONES VALLEY
  • High School: WENONAH

Lot Info

  • Assessor Parcel Number: 30-00-25-1-009-037.000
  • Number Acres: 0.12

Tax Info

  • Tax District: BIRMINGHAM

MLS Schools

  • Elementary School: WENONAH
  • High School: WENONAH
  • Jr Middle School: JONES VALLEY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2025
Sold by
New Life Properties Ii Llc
Bought by
4905 Hillman Trust
Current Estimated Value
$76,292

Purchase Details

Listed on
Nov 5, 2024
Closed on
Dec 23, 2024
Sold by
Rei Associates Llc
Bought by
New Life Properties Ii Llc
Seller's Agent
Jonathan Mednick
Real Equity, Inc.
Buyer's Agent
Amy Taylor
ERA King Real Estate - Birmingham
List Price
$76,900
Sold Price
$75,000
Premium/Discount to List
-$1,900
-2.47%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.62%
Original Mortgage
$60,000
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2015
Sold by
Bean Thomas A
Bought by
Rei Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2007
Sold by
Wells Fargo Bank Na
Bought by
Suaza Claudia

Purchase Details

Closed on
Feb 29, 2000
Sold by
Hud
Bought by
Thomas Evelyn

Purchase Details

Closed on
Sep 21, 1999
Sold by
Colonial Mtg Company
Bought by
Hud

Purchase Details

Closed on
Mar 17, 1999
Sold by
Colonial Mtg Company
Bought by
Hud

Purchase Details

Closed on
Jan 27, 1999
Sold by
Mitchell Dennis L
Bought by
Colonial Mtg Company
Source: Public Records

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Range of Values:

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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
Quit Claim Deed $12,700 None Listed On Document
Warranty Deed $75,000 None Listed On Document
Warranty Deed $26,500 --
Special Warranty Deed $7,000 None Available
Warranty Deed $20,000 --
Warranty Deed $20,000 --
Warranty Deed -- --
Warranty Deed -- --
Foreclosure Deed $29,644 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $60,000 New Conventional
Previous Owner $28,000 New Conventional
Previous Owner $40,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2024 12/23/24 Sold $75,000 -2.5% $103 / Sq Ft
11/08/2024 11/08/24 Pending -- -- --
11/05/2024 11/05/24 For Sale $76,900 -- $106 / 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 $174 $2,400 -- --
2022 $161 $2,220 $1,760 $460
2021 $161 $2,220 $1,760 $460
2020 $166 $2,220 $1,760 $460
2019 $161 $7,700 $0 $0
2018 $497 $6,860 $0 $0
2017 $497 $6,860 $0 $0
2016 $497 $6,860 $0 $0
2015 -- $6,860 $0 $0
2014 $470 $6,760 $0 $0
2013 $470 $6,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Alabama MLS

MLS Number: 21402026

Greater Alabama MLS

APN: 30-00-25-1-009-037.000