NOT LISTED FOR SALE

502 16th St Unit 2 Tuscaloosa, AL 35401

Forest Lake Neighborhood

Estimated Value: $165,000 - $278,000

3 Beds
3 Baths
1,480 Sq Ft
$149/Sq Ft Est. Value

Last Sold April 25, 2022

Last sale price $260,000 $176 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $1,484/month

5 Days on Market

Highlights

  • Solid Surface Countertops
  • Balcony
  • Laundry Room
  • Stainless Steel Appliances
  • Walk-In Closet
  • 4-minute walk to Monnish Park

About This Home

As of April 2022

Don't miss this 3 bedroom, 3 bath condo in the heart of the University of Alabama's campus! Featuring hardwood floors, spacious living spaces, and granite countertops, this is the perfect investment opportunity for seasoned or new investors. The current lease runs through May 2022.

Last Agent to Sell the Property

Kate O'Quinn

Keller Williams Realty Vestavia Listed on: 02/03/2022

Keller Williams Realty Vestavia

Co-Listed By

Frank Merry

Realty Core

Last Buyer's Agent

MLS Non-member Company

Birmingham Non-Member Office

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,706

Year Built

  • Built in 2009

Lot Details

  • 741

HOA Fees

  • $120 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Smooth Ceilings
  • Utility Room Floor Drain

Kitchen

  • Stove
  • Stainless Steel Appliances
  • Solid Surface Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Electric Dryer Hookup

Outdoor Features

  • Balcony

Schools

  • University Place Elementary School
  • Tuscaloosa Middle School
  • Northridge High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Electric Water Heater

Community Details

  • Association fees include common grounds mntc, management fee, utilities for comm areas
  • Keam Association, Phone Number (205) 824-5008

Listing and Financial Details

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,706

Year Built

Built in 2009

Lot Details

0

HOA Fees

$120 per month

Listing Details

  • Class: RESIDENTIAL
  • Down Payment Assistance: Yes
  • Down Payment Assistance URL: https://www.workforce-resource.com/dpr/listing/GALMLS/1310081?w=PubMLS
  • Living Area: 1480
  • Legal Description: LOT 5 CAPSTONE TOWNES SECTION 25 TWP 21S RANGE 10W
  • List Price per Sq Ft: 182.43
  • Number Levels: 2+ Story
  • Property Type: Townhouse
  • Termite Company Name: TBA
  • Termite Contract: Yes
  • Year Built Description: Existing
  • Year Built: 2009
  • Price Per Sq Ft: 175.68
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 2009

Interior Features

  • Floors: Carpet, Hardwood Laminate
  • Bedroom/Bathroom Features: Walk-In Closets
  • Bedrooms: 3
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Concatenated Rooms: |Bedroom1|Bedroom1|FullBath1|FullBath1|Living2|Bedroom2|FullBath2|Kitchen1|
  • Room 1: Bedroom, On Level: 1
  • Room 2: Bedroom, On Level: 1
  • Room 3: Full Bath, On Level: 1
  • Room 4: Full Bath, On Level: 1
  • Room 5: Living, On Level: 2
  • Room 6: Bedroom, On Level: 2
  • Room 7: Full Bath, On Level: 2
  • Room 8: Kitchen, On Level: 1
  • Rooms Level 1: Bedroom (LVL 1), Full Bath (LVL 1), Kitchen (LVL 1)
  • Rooms Level 2 Plus: Bedroom (LVL 2+), Full Bath (LVL 2+), Living (LVL 2+)
  • Kitchen Countertops: Solid Surface
  • Kitchen Equipment: Some Stainless Appl, Stove-Electric
  • Laundry: Yes
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Floor Drain
  • Laundry Location: Laundry (UPLVL)
  • Laundry Space: Closet
  • Main Level Sq Ft: 740
  • Upper Level Sq Ft: 740

Exterior Features

  • Construction: Siding-Vinyl
  • Exterior Features: Balcony
  • Foundation: Slab
  • Water Heater: Electric (WTRHTR)

Garage/Parking

  • Parking Features: Assigned

Utilities

  • Heating: Central (HEAT)
  • Cooling: Central (COOL)
  • Sewer/Septic System: Connected
  • Underground Utils: Yes
  • Water: Public Water
  • HVAC Area: 1480

Condo/Co-op/Association

  • Association Fee: Yes
  • Association Fee: 120
  • Association Fee Per: Monthly
  • HOA Management Company: KEAM
  • Hoa Phone: (205) 824-5008

Fee Information

  • Fees Include: Common Grounds Mntc, Management Fee, Utilities for Comm Areas

Schools

  • Elementary School: UNIVERSITY PLACE
  • Middle School: TUSCALOOSA
  • High School: NORTHRIDGE

Lot Info

  • Assessor Parcel Number: 31-07-25-2-006-007.005

Tax Info

  • Tax District: COUNTY
  • Annual Tax: 1706

MLS Schools

  • Elementary School: UNIVERSITY PLACE
  • High School: NORTHRIDGE
  • Jr Middle School: TUSCALOOSA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2022
Closed on
May 12, 2022
Sold by
Bohemian Property Llc
Bought by
Voce Eric Riley and Alabama 1031 Qeat Services Llc
Seller's Agent
Kate O'Quinn
Keller Williams Realty Vestavia
Buyer's Agent
MLS Non-member Company
Birmingham Non-Member Office
List Price
$270,000
Sold Price
$260,000
Premium/Discount to List
-$10,000
-3.7%
Current Estimated Value
$225,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,878
Avg. Annual Appreciation
-4.63%
Original Mortgage
$210,000
Outstanding Balance
$93,544
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$128,604

Purchase Details

Closed on
Apr 30, 2019
Sold by
Mcmullen Michael R
Bought by
Bohemian Property Llc

Purchase Details

Closed on
Feb 4, 2009
Sold by
Mgm Development Llc
Bought by
Mcmullen Michael
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
Voce Eric Riley $260,000 Stewart & Associates Pc
Bohemian Property Llc $720,000 --
Mcmullen Michael $274,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Voce Eric Riley $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2022 04/25/22 Sold $260,000 -3.7% $176 / Sq Ft
02/03/2022 02/03/22 For Sale $270,000 -- $182 / 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 $1,639 $31,820 $0 $31,820
2023 $1,639 $32,500 $0 $32,500
2022 $1,691 $32,840 $0 $32,840
2021 $1,709 $33,180 $0 $33,180
2020 $1,419 $27,560 $0 $27,560
2019 $1,419 $27,560 $0 $27,560
2018 $1,446 $28,080 $0 $28,080
2017 $1,446 $0 $0 $0
2016 $1,420 $0 $0 $0
2015 $1,420 $0 $0 $0
2014 $1,420 $27,580 $0 $27,580
Source: Public Records

Agents Affiliated with this Home

  • Kate O'Quinn

    Seller's Agent in 2022

    Kate O'Quinn

    Keller Williams Realty Vestavia

    (205) 209-0388

    2 in this area

    1,413 Total Sales

    Section Image

  • F

    Seller Co-Listing Agent in 2022

    Frank Merry

    Realty Core

    Section Image

  • M

    Buyer's Agent in 2022

    MLS Non-member Company

    Birmingham Non-Member Office

See All Agents

Map

Source: Greater Alabama MLS

MLS Number: 1310081

Greater Alabama MLS

APN: 31-07-25-2-006-007.002

Alabama Tuscaloosa County Tuscaloosa 35401 Forest Lake

502 16th St Unit 2, Tuscaloosa, AL

This home is located at 502 16th St Unit 2, Tuscaloosa, AL 35401 since 03 February 2022 and is currently estimated at $220,926, approximately $149 per square foot. This property was built in 2009. 502 16th St Unit 2 is a home located in Tuscaloosa County with nearby schools including University Place Elementary School, Westlawn Middle School, and Central High School.

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.

Greater Alabama MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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