NOT LISTED FOR SALE

498 Old Gurley Pike Gurley, AL 35748

Estimated Value: $175,000 - $360,000

4 Beds
2.5 Baths
1,948 Sq Ft
$123/Sq Ft Est. Value

Last Sold October 09, 2019

Last sale price $45,152 $23 Per Sq Ft

Est. 429% increase in value since last sale

Current estimated payment $1,268/month

45 Days on Market

Highlights

  • Contemporary Architecture
  • Main Floor Primary Bedroom
  • Central Heating and Cooling System
  • Owens Cross Roads Elementary School Rated A-
  • No HOA

About This Home

As of October 2019

MOVE RIGHT IN to this custom 4 bedroom 3 bath home. Custom spiral stair case and a large master bedroom down. 14x10 Loft with hardwood floors. Low maintenance vinyl siding. Property is owned by the US Dept. of HUD. HUD Case# 011-886452. Lead Base Paint does not apply. Insured , subject to appraisal. Seller makes no representations or warranties as to property condition. HUD Homes are sold “AS-IS” Equal Housing Opportunity. Seller may contribute up to 3% for buyer’s closing costs, upon buyers request. Call today for more information.

Last Agent to Sell the Property

Anne Owen

Legend Realty License #24746 Listed on: 06/28/2019

Legend Realty

Last Buyer's Agent

Martella Tyler

Leading Edge, R.E. Group License #000098831

Home Details

Home Type

  • Single Family

Lot Details

  • 0.55 Acre Lot
  • Lot Dimensions are 125 x 190 x 123 x 189

Home Design

  • Contemporary Architecture
  • Slab Foundation

Interior Spaces

  • 1,948 Sq Ft Home
  • Property has 2 Levels

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Schools

  • Owens Cross Roads Elementary School
  • New Hope High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association
  • Metes And Bounds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2205151002018000.000

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • Living Area: 1948
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.55
  • Lot Size: 125 x 190 x 123 x 189
  • Subdivision Name: Metes And Bounds
  • Architectural Style: Contemporary
  • New Construction: No
  • Property Attached Yn: No
  • Kitchen Level: First
  • Special Features: 1028

Interior Features

  • Total Bedrooms: 4
  • Appliances: Dishwasher, Microwave, Range
  • Levels: Two
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • ResoLivingAreaSource: Appraiser
  • Room Bedroom4 Level: Second
  • Master Bedroom Master Bedroom Level: First
  • Room Bedroom3 Level: Second
  • Room Bedroom2 Level: Second
  • Room Family Room Level: First
  • Dining Room Dining Room Level: First

Exterior Features

  • Foundation Details: Slab

Utilities

  • Heating: Central 1
  • Cooling: Central 1
  • Sewer: Septic Tank
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Owens Cross Roads (K-8)

Lot Info

  • Parcel Number: 2205151002018000.000
  • Lot Size Sq Ft: 23958
  • ResoLotSizeUnits: Acres

Green Features

Tax Info

  • Tax Lot: n/a

MLS Schools

  • Elementary School: Owens Cross Roads
  • High School: New Hope

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 12, 2024
Sold by
Smith Patsy Ann
Bought by
Bomar William and Bomar Barbara
Current Estimated Value
$239,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Outstanding Balance
$98,651
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$140,415

Purchase Details

Listed on
Jun 28, 2019
Closed on
Oct 8, 2019
Sold by
Secretary Of Housing & Urban Development
Bought by
Smith Patsy
Seller's Agent
Anne Owen
Legend Realty
Buyer's Agent
Martella Tyler
Leading Edge, R.E. Group
List Price
$40,000
Sold Price
$45,152
Premium/Discount to List
$5,152
12.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.79%
Original Mortgage
$43,797
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2019
Sold by
Renasant Bank
Bought by
Secretary Of Bhousing & Urban Dev

Purchase Details

Closed on
Feb 26, 2019
Sold by
Bruce Mary S
Bought by
Renusant Bank
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bomar William $175,000 None Listed On Document
Bomar William $175,000 None Listed On Document
Smith Patsy $45,152 Valley Ttl & Closing Svcs Ll
Secretary Of Bhousing & Urban Dev $68,400 None Available
Renusant Bank $68,400 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bomar William $100,000
Closed Bomar William $100,000
Previous Owner Smith Patsy $43,797
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/09/2020 01/09/20 Off Market $45,152 -- --
10/09/2019 10/09/19 Sold $45,152 +12.9% $23 / Sq Ft
08/12/2019 08/12/19 Pending -- -- --
08/09/2019 08/09/19 For Sale $40,000 0.0% $21 / Sq Ft
07/08/2019 07/08/19 Pending -- -- --
06/28/2019 06/28/19 For Sale $40,000 -61.9% $21 / Sq Ft
07/17/2018 07/17/18 Off Market $105,000 -- --
04/11/2018 04/11/18 Sold $105,000 -12.4% $50 / Sq Ft View Prior Sale
02/25/2018 02/25/18 Pending -- -- --
02/05/2018 02/05/18 For Sale $119,900 -- $57 / Sq Ft
Source: ValleyMLS.com

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
2025 $126 $3,760 $3,760 $0
2024 $126 $9,860 $1,880 $7,980
2023 $261 $9,620 $1,880 $7,740
2022 $216 $8,040 $980 $7,060
2021 $0 $7,460 $980 $6,480
2020 $319 $8,900 $1,960 $6,940
2019 $145 $2,070 $1,030 $1,040
2018 $137 $3,900 $0 $0
2017 $137 $3,900 $0 $0
2016 $137 $3,900 $0 $0
2015 $137 $3,900 $0 $0
2014 $134 $3,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Anne Owen

    Seller's Agent in 2019

    Anne Owen

    Legend Realty

    (256) 348-2596

    19 in this area

    354 Total Sales

    Anne Owen
    Section Image

  • M

    Buyer's Agent in 2019

    Martella Tyler

    Leading Edge, R.E. Group

    Section Image
  • Mike Hammond

    Seller's Agent in 2018

    Mike Hammond

    Crye-Leike

    (256) 508-8182

    9 in this area

    162 Total Sales

    Mike Hammond
    Section Image
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Map

Source: ValleyMLS.com

MLS Number: 1122447

ValleyMLS.com

APN: 22-05-15-1-002-018.000

Alabama Madison County Gurley 35748

498 Old Gurley Pike, Gurley, AL

Not Listed for Sale

Detached

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