NOT LISTED FOR SALE

510 W Lake Dr Bessemer, AL 35020

Estimated Value: $88,000 - $133,000

3 Beds
1 Bath
950 Sq Ft
$118/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $119,000 $125 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $653/month

31 Days on Market

Highlights

  • Stone Countertops
  • Forced Air Heating and Cooling System
  • Vinyl Flooring
  • 1-Story Property

About This Home

As of September 2023

none

Last Agent to Sell the Property

Lindsay Davis

Spartan Realty LLC License #000101025 Listed on: 08/08/2023

Last Buyer's Agent

Lindsay Davis

Spartan Realty LLC License #000101025 Listed on: 08/08/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $718

Year Built

  • Built in 1940

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • Driveway

Interior Spaces

  • 950 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Vinyl Flooring
  • Crawl Space
  • Stone Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Schools

  • Jonesboro Elementary School
  • Bessemer City Middle School
  • Bessemer City High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 38-00-17-004-011.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$718

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Down Payment Assistance: No
  • Living Area: 950
  • Legal Description: P O B 26.7 Ft N Of & 79 Ft Nw Of The Nw Inter Of 5Th St & West Lake Dr Th Nw 57 Ft Alg West Lake Dr Th Sw 97.3 Ft Th S 42 Ft Th E 135 Ft To Pob Being Part Of Lots 21 22 & 23 Blk 490 Bess C I & Ld Cos 1St Add To West Lake Hglds
  • List Price per Sq Ft: 125.26
  • Number Levels: 1-Story
  • Property Type: Single Family
  • Year Built Description: Existing
  • Year Built: 1940
  • Price Per Sq Ft: 125.26
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1940

Interior Features

  • Floors: Vinyl
  • Bedroom/Bathroom Features: Tub/Shower Combo
  • Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Concatenated Rooms: |Living1|Kitchen1|Bedroom1|Bedroom1|Bedroom1|FullBath1|
  • Room 1: Living, On Level: 1
  • Room 2: Kitchen, On Level: 1
  • Room 3: Bedroom, On Level: 1
  • Room 4: Bedroom, On Level: 1
  • Room 5: Bedroom, On Level: 1
  • Room 6: Full Bath, On Level: 1
  • Rooms Level 1: Bedroom (LVL 1), Full Bath (LVL 1), Kitchen (LVL 1), Living (LVL 1)
  • Kitchen Countertops: Stone (KIT)
  • Main Level Sq Ft: 950

Exterior Features

  • Construction: Wood
  • Foundation: Crawl Space
  • Water Heater: Electric (WTRHTR)

Garage/Parking

  • Parking Features: Driveway Parking

Utilities

  • Heating: Forced Air
  • Cooling: Central (COOL)
  • Sewer/Septic System: Septic
  • Water: Public Water
  • HVAC Area: 950

Schools

  • Elementary School: JONESBORO
  • Middle School: BESSEMER CITY
  • High School: BESSEMER CITY

Lot Info

  • Assessor Parcel Number: 38-00-17-004-011.000
  • Number Acres: 0.12

Tax Info

  • Tax District: BESSEMER
  • Annual Tax: 718

MLS Schools

  • Elementary School: JONESBORO
  • High School: BESSEMER CITY
  • Jr Middle School: BESSEMER CITY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2023
Closed on
Sep 29, 2023
Sold by
Spartan Invest Llc
Bought by
Julie L Welch Living Trust and Welch
Seller's Agent
Lindsay Davis
Spartan Realty LLC
Buyer's Agent
Lindsay Davis
Spartan Realty LLC
List Price
$119,000
Sold Price
$119,000
Current Estimated Value
$112,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,739
Avg. Annual Appreciation
-2.90%
Original Mortgage
$89,250
Outstanding Balance
$87,495
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$24,766

Purchase Details

Closed on
May 18, 2000
Sold by
White Margaret Lou and Terry Joe L
Bought by
Naugher Bobbie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,500
Interest Rate
8.2%
Mortgage Type
Seller Take Back
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
Julie L Welch Living Trust $119,000 None Listed On Document
Naugher Bobbie J $27,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Julie L Welch Living Trust $89,250
Previous Owner Naugher Bobbie J $24,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $119,000 0.0% $125 / Sq Ft
09/08/2023 09/08/23 Pending -- -- --
08/08/2023 08/08/23 For Sale $119,000 -- $125 / 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 $719 $10,460 -- --
2022 $572 $8,320 $2,760 $5,560
2021 $572 $8,320 $2,760 $5,560
2020 $587 $8,320 $2,760 $5,560
2019 $572 $8,320 $0 $0
2018 $503 $7,320 $0 $0
2017 $503 $7,320 $0 $0
2016 $493 $7,180 $0 $0
2015 $493 $7,180 $0 $0
2014 $488 $7,100 $0 $0
2013 $488 $7,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Lindsay Davis

    Spartan Realty LLC

    (205) 410-8785

    58 in this area

    580 Total Sales

    Lindsay Davis
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Map

Source: Greater Alabama MLS

MLS Number: 21367940

Greater Alabama MLS

APN: 38-00-17-1-004-011.000

Alabama Jefferson County Bessemer 35020

510 W Lake Dr, Bessemer, AL

This home is located at 510 W Lake Dr, Bessemer, AL 35020 since 08 August 2023 and is currently estimated at $112,261, approximately $118 per square foot. This property was built in 1940. 510 W Lake Dr is a home located in Jefferson County with nearby schools including Bessemer City High School, Bessemer Academy, and New Life Christian School Of Excellence.

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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