NOT LISTED FOR SALE

500 Lake Colony Dr Vestavia, AL 35242

Cahaba Heights Neighborhood

Estimated Value: $891,000 - $1,080,000

4 Beds
4.5 Baths
2,968 Sq Ft
$317/Sq Ft Est. Value

Last Sold October 16, 2017

Last sale price $689,000 $232 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $5,590/month

Highlights

  • 258 Feet of Waterfront
  • Private Dock
  • In Ground Pool
  • Vestavia Hills Elementary Liberty Park Rated A+
  • Golf Course Community
  • Fishing

About This Home

As of October 2017

BACK ON MARKET!! Private resort living: incredible lake front views in Liberty Park! Gorgeous 4 bedroom 4.5 bath home features its renovated kitchen that is a cook's dream - makes it a joy to entertain family and friends. PJs can be worn when coming down the backstairs for early morning coffee or late night snacks! Calm and serene - the renovated master suite gives a spa experience to everyday life! Complete with living room, dining room, and large family room with fireplace. THEN step out to the deck or screened porch and enjoy the views of the beautiful level fenced lawn, fire pit and lake! Approximately 1 acre. Lower level has so much space: play room or media room or extra living suite. Natural light with windows, full bath and 3 car garage. All hardwood flooring on main and upper levels. Newly replaced carpet in the lower level. Walk to schools, recreational areas, and community pool! A unique property with beautiful amenities, landscaping and outdoor living areas! COME SEE!

Last Agent to Sell the Property

Anna Lu Hemphill

RealtySouth-OTM-Acton Rd Listed on: 06/30/2017

RealtySouth-OTM-Acton Rd

Last Buyer's Agent

Christi Collins

EXIT Realty Southern Select - Oneonta

EXIT Realty Southern Select - Oneonta

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,218

Year Built

  • 1998

Lot Details

  • 258 Feet of Waterfront
  • Cul-De-Sac
  • Fenced Yard
  • Sprinkler System
  • Few Trees

HOA Fees

  • $142 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Basement Garage
  • Garage on Main Level
  • Side Facing Garage
  • Driveway
  • Off-Street Parking

Interior Spaces

  • 1.5-Story Property
  • Crown Molding
  • Smooth Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • Stone Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Window Treatments
  • Family Room with Fireplace
  • Dining Room
  • Den
  • Screened Porch
  • Lake Views
  • Home Security System
  • Attic

Kitchen

  • Convection Oven
  • Electric Oven
  • Electric Cooktop
  • Stove
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary Bedroom on Main
  • Walk-In Closet
  • Bathtub and Shower Combination in Primary Bathroom
  • Garden Bath
  • Separate Shower
  • Linen Closet In Bathroom

Laundry

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

Basement

  • Basement Fills Entire Space Under The House
  • Recreation or Family Area in Basement
  • Stubbed For A Bathroom
  • Natural lighting in basement

Eco-Friendly Details

  • Wind Turbine Power

Outdoor Features

  • In Ground Pool
  • Private Dock
  • Lake Property
  • Screened Deck
  • Patio
  • Outdoor Grill

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Underground Utilities
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 27-07-1-002-003.000

Community Details

Overview

  • Association fees include common grounds mntc, management fee, recreation facility, reserve for improvements, utilities for comm areas
  • Vestlake Property Owners Association, Phone Number (205) 945-6430

Recreation

  • Golf Course Community
  • Community Playground
  • Community Pool
  • Fishing
  • Park
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,218

Year Built

1998

Lot Details

0

HOA Fees

$142 per month

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Access: Curb and Gutters, Paved Road, Private Road
  • Living Area: 2968
  • Legal Description: Lot 21 Vestlake Village Fourth Sector Phase 1 PB 188 PG 9
  • Number Levels: 1.5-Story
  • Property Type: Single Family
  • Termite Company Name: Waynes
  • Termite Contract: Yes
  • Year Built Description: Existing
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1998

Interior Features

  • Interior Amenities: Multiple Staircases, Recess Lighting, Security System
  • Fireplace Details: Stone (FIREPL)
  • Fireplace Location: Family Room (FIREPL)
  • Fireplace Type: Gas (FIREPL)
  • Floors: Carpet, Hardwood, Tile Floor
  • Number Fireplaces: 1
  • Windows Treatments: Some to Remain
  • Bedroom/Bathroom Features: Garden Tub, Linen Closet, Separate Shower, Sitting Area in Master, Tub/Shower Combo, Walk-In Closets
  • Bedrooms: 4
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Concatenated Rooms: |Living1|DiningRoom1|Kitchen1|Den1|MasterBR1|MasterBath1|HalfBath1|Bedroom2|FullBath2|Bedroom2|FullBath2|Bedroom2|DenB|FullBathB|Laundry1|
  • Room 1: Living, On Level: 1
  • Room 2: Dining Room, On Level: 1
  • Room 3: Kitchen, On Level: 1
  • Room 4: Den/Family, On Level: 1
  • Room 5: Master Bedroom, On Level: 1
  • Room 6: Master Bath, On Level: 1
  • Room 7: Half Bath, On Level: 1
  • Room 8: Bedroom, On Level: 2
  • Room 9: Full Bath, On Level: 2
  • Room 10: Bedroom, On Level: 2
  • Room 11: Full Bath, On Level: 2
  • Room 12: Bedroom, On Level: 2
  • Room 13: Den/Family, On Level: B
  • Room 14: Full Bath, On Level: B
  • Room 15: Laundry, On Level: 1
  • Basement Rooms: Den/Family (LVL BSMT), Full Bath (LVL BSMT)
  • Rooms Level 1: Den/Family (LVL 1), Dining Room (LVL 1), Half Bath (LVL 1), Kitchen (LVL 1), Laundry (LVL 1), Living (LVL 1), Master Bath (LVL 1), Master Bedroom (LVL 1)
  • Rooms Level 2 Plus: Bedroom (LVL 2+), Full Bath (LVL 2+)
  • Basement Style: Full Basement
  • Basement Style II: Both Fin and Unfin
  • Basement Style III: Daylight Basement, Plumbing Stubbed
  • Kitchen Countertops: Solid Surface
  • Kitchen Equipment: Convection Oven, Cooktop-Electric, Dishwasher Built-In, Disposal, Oven-Electric, Self-Cleaning, Stove-Electric
  • Kitchen Features: Eating Area, Island, Pantry
  • Laundry: Yes
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Washer Hookup
  • Laundry Location: Laundry (MLVL)
  • Laundry Space: Room
  • Attic: Yes
  • Attic Type: Walk-In
  • Basement Finished Sq Ft: 1020
  • Main Level Sq Ft: 2156
  • Upper Level Sq Ft: 812

Exterior Features

  • Patio: Yes
  • Waterfront Name: LAKE REYNOLDS
  • Construction: 4 Side Brick
  • Decks: Yes
  • Decks Type: Open (DECK), Screened (DECK)
  • Exterior Features: Dock Private, Fenced Yard, Grill, Sprinkler System, Porch Screened
  • Foundation: Basement
  • Patio Type: Open (PATIO)
  • Pool: Yes
  • Pool Features: In-Ground, Perimeter Fencing
  • Pool: Community
  • Waterfront: Yes
  • Waterfront Frontage: 258
  • Water Heater: Gas (WTRHTR)

Garage/Parking

  • Garage Entry Location: Side
  • Number Total Garage Spaces: 3
  • Parking Features: Basement Parking, Driveway Parking, Parking (MLVL), Off Street Parking

Utilities

  • Heating: 3+ Systems (HEAT), Central (HEAT), Forced Air, Gas Heat
  • Cooling: 3+ Systems (COOL), Central (COOL), Electric (COOL)
  • Sewer/Septic System: Connected
  • Underground Utils: Yes
  • Water: Public Water

Condo/Co-op/Association

  • Amenities: Fishing, Golf, Park, Playgound, Private Lake, Sidewalks, Street Lights, Walking Paths
  • Association Fee: Yes
  • Association Fee: 1709
  • Association Fee Per: Yearly
  • HOA Management Company: Vestlake Property owners
  • Hoa Phone: 205-945-6430

Fee Information

  • Fees Include: Common Grounds Mntc, Management Fee, Recreation Facility, Reserve for Improvements, Utilities for Comm Areas

Lot Info

  • Assessor Parcel Number: 27-07-1-002-003.000
  • Lot Description: Cul-de-sac, Golf Community, Some Trees, Subdivision
  • Lot View: Yes
  • Lot View Type: Lake/Water View

Green Features

  • Energy Green Features: Ceiling Fans, Doub Paned Windows, Turbines

Tax Info

  • Tax District: VESTAVIA HILLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2017
Closed on
Oct 14, 2017
Sold by
Leepart Lancer R
Bought by
Monty Christopher A and Monty Jessica A
Seller's Agent
Anna Lu Hemphill
RealtySouth-OTM-Acton Rd
Buyer's Agent
Christi Collins
EXIT Realty Southern Select - Oneonta
List Price
$699,900
Sold Price
$689,000
Premium/Discount to List
-$10,900
-1.56%
Current Estimated Value
$941,852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,852
Avg. Annual Appreciation
3.97%
Original Mortgage
$620,100
Outstanding Balance
$517,402
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$424,450

Purchase Details

Closed on
Mar 29, 1999
Sold by
Perkins James Lee and Perkins Susan C
Bought by
Margadonna John C and Margadonna Kim

Purchase Details

Closed on
Aug 10, 1998
Sold by
Land Developers Construction Company Inc
Bought by
Perkins James Lee and Perkins Susan C
Source: Public Records

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 Buyer Sale Price Title Company
Monty Christopher A $689,000 --
Margadonna John C $540,000 --
Perkins James Lee $125,000 --
Land Developers Construction Company Inc $122,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Monty Christopher A $620,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2017 10/16/17 Sold $689,000 0.0% $232 / Sq Ft
07/30/2017 07/30/17 Price Changed $689,000 -1.6% $232 / Sq Ft
06/30/2017 06/30/17 For Sale $699,900 +19.6% $236 / Sq Ft
05/16/2014 05/16/14 Sold $585,000 -34.6% $171 / Sq Ft View Prior Sale
03/11/2014 03/11/14 Pending -- -- --
08/05/2009 08/05/09 For Sale $895,000 -- $261 / 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 $6,218 $72,440 -- --
2022 $6,033 $65,710 $15,200 $50,510
2021 $5,883 $64,100 $15,200 $48,900
2020 $5,731 $62,460 $18,390 $44,070
2019 $5,947 $64,800 $0 $0
2018 $5,733 $62,020 $0 $0
2017 $5,690 $62,020 $0 $0
2016 $5,523 $60,220 $0 $0
2015 $5,523 $60,220 $0 $0
2014 $5,451 $58,500 $0 $0
2013 $5,451 $58,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Anna Lu Hemphill

    Seller's Agent in 2017

    Anna Lu Hemphill

    RealtySouth

    (205) 540-6135

    2 in this area

    66 Total Sales

    Anna Lu Hemphill
    Section Image
  • Christi Collins

    Buyer's Agent in 2017

    Christi Collins

    EXIT Realty Southern Select - Oneonta

    (205) 478-2525

    110 Total Sales

    Christi Collins
    Section Image
  • Jacque Bailey

    Seller's Agent in 2014

    Jacque Bailey

    RealtySouth

    (205) 222-2595

    15 Total Sales

    Jacque Bailey
    Section Image
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Map

Source: Greater Alabama MLS

MLS Number: 788597

Greater Alabama MLS

APN: 27-00-07-1-002-003.000

Alabama Jefferson County Vestavia 35242 Cahaba Heights

500 Lake Colony Dr, Vestavia, AL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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