NOT LISTED FOR SALE

511 Drake Ave Lafayette, AL 36862

La Fayette Neighborhood

Estimated Value: $117,000 - $192,265

3 Beds
2 Baths
1,416 Sq Ft
$119/Sq Ft Est. Value

Last Sold July 05, 2017

Last sale price $59,900 $42 Per Sq Ft

Est. 181% increase in value since last sale

Current estimated payment $959/month

11 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Brick Veneer
  • 1 Fireplace
  • Attached Garage
  • Accessible Entrance

About This Home

As of July 2017

Nice, 3 bedroom, 2 bath, brick home in Lafayette. Large living room with fireplace and dining area. Good-sized laundry room with interior and exterior entrances. Some updates. Flat lot with patio and storage shed. Close to Highway 50 and Highway 431. Sold As-Is. Pre-qualification letter required with financed offer, or Proof of funds letter required stating cash is available at time of offer to be presented with all offers.

Last Agent to Sell the Property

MICHAEL K. DEAN

SEGUE REAL ESTATE License #069332 Listed on: 05/24/2017

Last Buyer's Agent

MICHAEL K. DEAN

SEGUE REAL ESTATE License #069332 Listed on: 05/24/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $306

Year Built

  • Built in 1977

Lot Details

  • 0.69

Home Design

  • Brick Veneer

Interior Spaces

  • 1,416 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Combination Dining and Living Room
  • Crawl Space
  • Dishwasher
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Attached Garage
  • 1 Carport Space

Outdoor Features

  • Outdoor Storage
  • Outbuilding

Schools

  • La Fayette Lanier Elementary

Utilities

  • Central Air
  • Heating Available
  • Cable TV Available

Additional Features

  • Accessible Entrance
  • 0.69 Acre Lot

Community Details

  • No Home Owners Association
  • J W Drake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12-06-23-2-001-013.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$306

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Lot Size Acres: 0.69
  • Lot Size: 200*150
  • Subdivision Name: J W DRAKE
  • Directions: From Highway 431 in Lafayette, take Highway 50 west to Hospital Street. Take right onto Hospital Street then a left onto Drake Avenue. Property will be on your left.
  • Above Grade Finished Sq Ft: 1416.0
  • Carport Y N: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: 25+
  • Year Built: 1977
  • Property Sub Type Additional: Residential
  • Special Features: 20
  • Stories: 1
  • Year Built: 1977

Interior Features

  • Appliances: Dishwasher, Refrigerator
  • Accessibility Features: Accessible Entrance
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: One
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Concrete, Tile, Wood
  • Interior Amenities: Ceiling Fan(s), Master Downstairs, Living/Dining Room
  • Living Area: 1416.0
  • Main Level Bathrooms: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: None
  • Lot Features: <1 Acre
  • Pool Features: None
  • View: None
  • View: No
  • Construction Type: Brick Veneer
  • Exterior Features: Storage
  • Other Structures: Outbuilding

Garage/Parking

  • Carport Spaces: 1.0
  • Parking Features: Attached, Carport

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Utilities: Cable Available, Sewer Connected, Water Available

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: LA FAYETTE LANIER ELEMENTARY
  • Middle Or Junior School: LA FAYETTE LANIER ELEMENTARY

Lot Info

  • Parcel #: 12-06-23-2-001-013.000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 306.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2017
Closed on
Jun 23, 2017
Sold by
Bank Of New York
Bought by
Whitlow Latricia D
Seller's Agent
MICHAEL K. DEAN
SEGUE REAL ESTATE
Buyer's Agent
MICHAEL K. DEAN
SEGUE REAL ESTATE
List Price
$59,900
Sold Price
$59,900
Total Days on Market
11
Current Estimated Value
$168,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,166
Avg. Annual Appreciation
12.49%
Original Mortgage
$58,814
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 21, 2006
Sold by
Cagle Irene M
Bought by
Finley Josephine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,720
Interest Rate
9.3%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Whitlow Latricia D $5,990,000 None Available
Finley Josephine -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Whitlow Latricia D $58,814
Previous Owner Finley Josephine $66,720
Previous Owner Finley Josephine $16,680
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2017 07/05/17 Sold $59,900 0.0% $42 / Sq Ft
06/05/2017 06/05/17 Pending -- -- --
05/24/2017 05/24/17 For Sale $59,900 -- $42 / Sq Ft
Source: Lee County 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 $538 $12,340 $740 $11,600
2023 $538 $12,340 $740 $11,600
2022 $499 $11,560 $740 $10,820
2021 $411 $9,760 $740 $9,020
2020 $411 $9,760 $740 $9,020
2019 $374 $9,020 $740 $8,280
2018 $371 $8,960 $680 $8,280
2017 $306 $7,640 $680 $6,960
2016 $306 $7,640 $680 $6,960
2015 $306 $7,640 $680 $6,960
2014 $306 $7,640 $680 $6,960
2013 $283 $7,640 $680 $6,960
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    MICHAEL K. DEAN

    SEGUE REAL ESTATE

    (334) 750-2000

    1 in this area

    31 Total Sales

    MICHAEL K. DEAN
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Map

Source: Lee County Association of REALTORS®

MLS Number: 120810

APN: 12-06-23-2-001-013.000

Alabama Chambers County LaFayette 36862 La Fayette

511 Drake Ave, LaFayette, AL

This home is located at 511 Drake Ave, Lafayette, AL 36862 since 24 May 2017 and is currently estimated at $168,066, approximately $118 per square foot. This property was built in 1977. 511 Drake Ave is a home located in Chambers County with nearby schools including Lafayette Eastside Elementary School, John P. Powell Middle School, and Lafayette High School.

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