NOT LISTED FOR SALE

502 Adler Dr Montgomery, AL 36116

Estimated Value: $140,000 - $170,104

5 Beds
2 Baths
1,862 Sq Ft
$83/Sq Ft Est. Value

Last Sold March 03, 2023

Last sale price $155,000 $83 Per Sq Ft

Current estimated payment $936/month

Highlights

  • Mature Trees
  • Patio
  • 1-Story Property
  • No HOA
  • Tile Flooring
  • 4 Attached Carport Spaces

About This Home

As of March 2023

** Calling All Investors** Beautiful 5 bedroom 2 bath well kept corner lot home in the Spring Valley neighborhood of Montgomery. Totally renovated throughout with new paint, new kitchen cabinets, countertops and backsplash, new carpet and hardwood tile flooring. Bathrooms have been completed renovated with new tile and vanities. HVAC and Water Heater both replaced in 2020. Roof replaced in the last 7 years. Ample parking spaces with carport attached to home and side door entrance. Currently rented to an amazing section 8 tenant and receiving a monthly rent of $1550.00 (tenant portion is $77.00). No showings until contract is accepted to ensure the tenant's well being and privacy.

Last Agent to Sell the Property

Shenerica Arrington

Global Realty, LLC. License #0114426 Listed on: 02/13/2023

Last Buyer's Agent

Lashawn Anthony

ARES Realty, LLC. License #0100193

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,388

Year Built

  • Built in 1972

Lot Details

  • Lot Dimensions are 110 x 150
  • Property is Fully Fenced
  • Mature Trees

Parking

  • 4 Attached Carport Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1,862 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Storm Doors
  • Washer and Dryer Hookup

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms
  • Linen Closet In Bathroom

Outdoor Features

  • Patio

Schools

  • Crump Elementary School
  • Mckee Middle School
  • Lanier Senior High School

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 03 15 02 04 012 001000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,388

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family
  • Design: 1 Story
  • Total Sq Ft: 1862
  • Year Built: 1972
  • New Construction: No
  • Special Features: 20

Interior Features

  • Bathroom Feature: LinenCloset/ClothesHamper
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 5
  • Flooring: Carpet - Wall to Wall, Hard Tile
  • Interior Amenities: Dryer Connection, Washer Connection
  • Room Count: 10

Exterior Features

  • Construction: Brick
  • Exterior Feature: Fence-Full, Mature Trees, Patio, Storage-Attached
  • Flood: Unknown
  • Foundation: Slab
  • Pool: No
  • Waterfront: No

Garage/Parking

  • Number Of Carport Spaces: 4.00
  • Parking: Carport Attached

Utilities

  • Cooling: Ceiling Paddle Fan(s), Heat Pump
  • Electric Authority: Alabama Power
  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Trash Services: City
  • Utilities: Cable TV Access Available, Electric Power, Natural Gas
  • Water: Public
  • Water Authority: Montgomery Water Works
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Elementary School: Crump Elementary School
  • Middle School: McKee Middle School
  • High School: Lanier Senior High School

Lot Info

  • Parcel Number: 03 15 02 04 012 001000
  • Lot Dimension: 110 X 150
  • Topography Type: Inside Subdivision

Green Features

  • Energy Features: Storm Doors

Rental Info

  • Lease Expiration Date: 2023-10-31
  • Monthly Lease: 1550.00
  • Leased: Yes

MLS Schools

  • School Elementary: Crump Elementary School
  • School High: Lanier Senior High School
  • School Middle: McKee Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2023
Closed on
Mar 1, 2023
Sold by
Nova Enterprises Llc
Bought by
Komagome Ryan
Seller's Agent
Shenerica Arrington
Global Realty, LLC.
Buyer's Agent
Lashawn Anthony
ARES Realty, LLC.
List Price
$160,000
Sold Price
$155,000
Premium/Discount to List
-$5,000
-3.12%
Current Estimated Value
$155,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$276
Avg. Annual Appreciation
0.07%
Original Mortgage
$116,250
Outstanding Balance
$112,614
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$42,663

Purchase Details

Listed on
Dec 13, 2019
Closed on
May 21, 2020
Sold by
Secretary Of Housing & Urban Development
Bought by
Nova Enterprises Llc
Seller's Agent
Beverely Smith
Bees Realty
Buyer's Agent
CALIX VILME
5 Star Realty
List Price
$45,000
Sold Price
$49,900
Premium/Discount to List
$4,900
10.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.56%
Original Mortgage
$71,120
Interest Rate
3.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 10, 2019
Sold by
Gateway Mortgage Group Llc
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Listed on
Oct 30, 2013
Closed on
Mar 31, 2014
Sold by
Scott Durell T
Bought by
Iberiabank Mortgage Company
Seller's Agent
Kemper Davis
Montgomery Metro Realty
Buyer's Agent
Kemper Davis
Montgomery Metro Realty
List Price
$64,900
Sold Price
$54,900
Premium/Discount to List
-$10,000
-15.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.49%
Original Mortgage
$53,905
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 30, 2013
Closed on
Feb 11, 2014
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Scott Durell T
Seller's Agent
Kemper Davis
Montgomery Metro Realty
Buyer's Agent
Kemper Davis
Montgomery Metro Realty
List Price
$64,900
Sold Price
$54,900
Premium/Discount to List
-$10,000
-15.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,905
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 13, 2013
Sold by
Robinson Ruth P
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Aug 16, 2006
Sold by
Professional Property Management Llc
Bought by
Robinson Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,750
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2005
Sold by
Gotthelf Louis N and Gotthelf Penny
Bought by
Professional Property Management Llc
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
Komagome Ryan $155,000 --
Komagome Ryan $155,000 None Listed On Document
Nova Enterprises Llc $49,900 None Available
Secretary Of Housing & Urban Development $44,987 None Available
Iberiabank Mortgage Company $44,987 None Available
Scott Durell T $54,900 Servicelink
Federal Home Loan Mortgage Corporation $76,274 None Available
Robinson Ruth -- None Available
Professional Property Management Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Komagome Ryan $116,250
Closed Komagome Ryan $116,250
Previous Owner Nova Enterprises Llc $71,120
Previous Owner Scott Durell Tumarcos $30,000
Previous Owner Scott Durell T $15,763
Previous Owner Scott Durell T $53,905
Previous Owner Robinson Ruth $80,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2023 03/03/23 Sold $155,000 -3.1% $83 / Sq Ft
02/13/2023 02/13/23 For Sale $160,000 +220.6% $86 / Sq Ft
05/26/2020 05/26/20 Sold $49,900 +10.9% $27 / Sq Ft
01/10/2020 01/10/20 Pending -- -- --
12/13/2019 12/13/19 For Sale $45,000 -18.0% $24 / Sq Ft
03/31/2014 03/31/14 Sold $54,900 -15.4% $29 / Sq Ft
01/22/2014 01/22/14 Pending -- -- --
10/30/2013 10/30/13 For Sale $64,900 -- $35 / Sq Ft
Source: Montgomery 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 $1,388 $28,420 $2,000 $26,420
2023 $1,388 $24,020 $2,000 $22,020
2022 $742 $20,340 $2,000 $18,340
2021 $680 $18,620 $2,000 $16,620
2020 $680 $18,620 $2,000 $16,620
2019 $680 $18,620 $2,000 $16,620
2018 $692 $9,480 $1,000 $8,480
2017 $670 $18,360 $2,000 $16,360
2014 -- $19,780 $2,000 $17,780
2013 -- $9,870 $1,000 $8,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Montgomery Area Association of REALTORS®

MLS Number: 532840

Montgomery Area Association of REALTORS®

APN: 15-02-04-4-012-001.000