NOT LISTED FOR SALE

508 Cullman Rd Arab, AL 35016

Estimated Value: $124,000 - $151,000

2 Beds
1 Bath
979 Sq Ft
$140/Sq Ft Est. Value

Last Sold March 04, 2020

Last sale price $88,000 $90 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $811/month

70 Days on Market

Highlights

  • Craftsman Architecture
  • Main Floor Primary Bedroom
  • Cooling System Powered By Gas
  • Arab Primary School Rated 10
  • No HOA
  • Multiple Heating Units

About This Home

As of March 2020

AFFORDABILITY! CHARM! CONVENIENCE! These are just a few of the features you'll find in this adorable home located in the heart of town in the award winning Arab City School district! This home with a unique modern flair has been updated from top to bottom with all stainless appliances, new Pex plumbing, wiring, fresh paint, metal roof, new flooring throughout, and much more. The tankless hot water heater means you'll never run out of hot water AND you can control the temperature! Owners state there are also hardwood floors under the new flooring. The property also has a large backyard with outbuilding, and an entrance and exit in the rear of for easy access. Call today to see this gem!

Last Agent to Sell the Property

Scott & Terri Haga

Southern Elite Realty License #105705 Listed on: 11/18/2019

Co-Listed By

Terri Haga

Southern Elite Realty License #83455

Last Buyer's Agent

Jamie and Donna Black

Southern Elite Realty License #121661

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $759

Year Built

  • Built in 1945

Lot Details

  • 0.47 Acre Lot
  • Lot Dimensions are 100 x 140

Home Design

  • Craftsman Architecture

Interior Spaces

  • 979 Sq Ft Home
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Schools

  • Arab Middle Elementary School
  • Arab High School

Utilities

  • Cooling System Powered By Gas
  • Two cooling system units
  • Multiple Heating Units

Community Details

  • No Home Owners Association
  • Metes And Bounds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 010951307261002018.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$759

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Living Area: 979
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.47
  • Lot Size: 100 x 140
  • Co List Office Mls Id: 144900
  • Subdivision Name: Metes And Bounds
  • Architectural Style: Bungalow/Craftsman
  • New Construction: No
  • Property Attached Yn: No
  • Year Built: 1945
  • Kitchen Level: First
  • Special Features: None

Interior Features

  • Total Bedrooms: 2
  • Basement: Crawl Space
  • Full Bathrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Living Room Living Room Level: First
  • Master Bedroom Master Bedroom Level: First
  • Room Bedroom2 Area: 110
  • Master Bedroom Master Bedroom Width: 11
  • Room Bedroom2 Level: First
  • Room Living Room Area: 342
  • Room Kitchen Area: 182
  • Room Master Bedroom Area: 165

Utilities

  • Heating: Central 2
  • Cooling: Central 2, Gas
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Arab Middle School

Lot Info

  • Parcel Number: 010951307261002018.000
  • Lot Size Sq Ft: 20473.199999
  • ResoLotSizeUnits: Acres

Green Features

Tax Info

  • Tax Lot: 0

MLS Schools

  • Elementary School: Arab Elementary School
  • High School: Arab High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2018
Closed on
Nov 11, 2018
Sold by
Hulsey Ashley L and Hulsey Jordan L
Bought by
Gilreath John and Gilreath Hannah
Seller's Agent
Regina James
Southern Elite Realty
Buyer's Agent
Teresa Gilreath
Redstone Realty Solutions-GSV
List Price
$79,900
Sold Price
$79,000
Premium/Discount to List
-$900
-1.13%
Current Estimated Value
$137,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,356
Avg. Annual Appreciation
9.20%
Original Mortgage
$79,797
Outstanding Balance
$70,847
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$72,400

Purchase Details

Closed on
May 10, 2016
Sold by
Harper Steve R
Bought by
Hulsey Jordan L and Hulsey Ashley L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,120
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2014
Sold by
Stone Ginger G
Bought by
Consumer First Mortgage Inc

Purchase Details

Closed on
Nov 21, 2007
Sold by
Eva Bank
Bought by
Stone Ginger G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,200
Interest Rate
6.29%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 5, 2005
Sold by
Carver Steve and Carver Holly
Bought by
Garrison Atha M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,500
Interest Rate
5.61%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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
Gilreath John $79,000 None Available
Hulsey Jordan L $75,000 None Available
Consumer First Mortgage Inc $31,951 None Available
Stone Ginger G -- None Available
Garrison Atha M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gilreath John $79,797
Previous Owner Hulsey Jordan L $77,120
Previous Owner Harper Steve R $52,500
Previous Owner Stone Ginger G $25,000
Previous Owner Stone Ginger G $4,200
Previous Owner Stone Ginger G $69,918
Previous Owner Garrison Atah M $60,000
Previous Owner Garrison Atha M $7,500
Previous Owner Garrison Atha M $37,055
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2020 06/07/20 Off Market $88,000 -- --
03/04/2020 03/04/20 Sold $88,000 +2.3% $90 / Sq Ft
01/27/2020 01/27/20 Pending -- -- --
12/22/2019 12/22/19 Price Changed $86,000 -2.3% $88 / Sq Ft
11/18/2019 11/18/19 For Sale $88,000 +11.4% $90 / Sq Ft
02/19/2019 02/19/19 Off Market $79,000 -- --
11/20/2018 11/20/18 Sold $79,000 -1.1% $81 / Sq Ft
10/25/2018 10/25/18 Pending -- -- --
09/07/2018 09/07/18 For Sale $79,900 -- $82 / 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
2024 $759 $18,740 $0 $0
2023 $759 $18,020 $4,480 $13,540
2022 $708 $17,480 $0 $0
2021 $663 $16,380 $0 $0
2020 $236 $7,140 $0 $0
2017 $181 $5,780 $0 $0
2015 -- $10,920 $0 $0
2014 -- $6,020 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ValleyMLS.com

MLS Number: 1132262

ValleyMLS.com

APN: 130726-1-002-018000