NOT LISTED FOR SALE

511 Wallace Dr Shelby, AL 35143

South Shelby Neighborhood

Estimated Value: $397,208 - $407,000

3 Beds
2 Baths
2,156 Sq Ft
$187/Sq Ft Est. Value

Last Sold October 27, 2025

Last sale price $395,000 $183 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,324/month

32 Days on Market

Highlights

  • 7.4 Acre Lot
  • Deck
  • Solid Surface Countertops
  • Shelby Elementary School Rated A-
  • Attic
  • Fenced Yard

About This Home

As of October 2025

3/2

Last Agent to Sell the Property

Jeff Tatum

Impact Realty Advisors Listed on: 08/02/2025

Last Buyer's Agent

David Mackle

Keller Williams Realty Vestavia

Keller Williams Realty Vestavia

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1996

Lot Details

  • 7.4 Acre Lot
  • Fenced Yard

Parking

  • Garage
  • Basement Garage
  • Front Facing Garage
  • Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Smooth Ceilings
  • Wood Burning Fireplace
  • Brick Fireplace
  • Bay Window
  • Family Room with Fireplace
  • Unfinished Basement
  • Block Basement Construction
  • Solid Surface Countertops
  • Attic

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer and Electric Dryer Hookup

Schools

  • Shelby Elementary School
  • Columbiana Middle School
  • Shelby County High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic System

Additional Features

  • Deck
  • Flood Zone Lot

Home Details

Home Type

Single Family

Year Built

Built in 1996

Lot Details

7.4 Acres

Parking

2

Listing Details

  • Down Payment Assistance: Yes
  • Property Type: Residential
  • Flood Plain: Y
  • Year Built: 1996
  • Property Sub Type: Single Family Residence
  • Co List Office Mls Id: IMPACT
  • Directions: From Columbiana take 47 South to 42 (left)cross 145 and continue on 42.When road forks bear left and continue to Wallace Drive (right) Follow Wallace Drive to end of pavement, enter electric wooden gated and go straight to concrete drive.
  • Above Grade Finished Sq Ft: 2156.0
  • Year Built Details: Existing
  • SystemPrice: 395000
  • Special Features: VirtualTour

Interior Features

  • Fireplace Location: Family Room (FIREPL)
  • Fireplace Type: Wood Burning
  • Room 1: Living
  • Room 2: Dining Room
  • Room 3: Kitchen
  • Room 4: Bedroom
  • Room 5: Bedroom
  • Room 6: Bedroom
  • Room 7: Full Bath
  • Room 8: Full Bath
  • Basement Style II: All Unfinished
  • Basement Style III: Concrete Block
  • Kitchen Equipment: None
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Washer Hookup
  • Laundry Location: Laundry (MLVL)
  • Laundry Space: Room
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Brick
  • Fireplaces: 1
  • Window Features: Bay Window(s)
  • Main Level Sq Ft: 2156
  • Upper Level Sq Ft: 0

Exterior Features

  • Exterior Features: Fenced Yard
  • Water Heater: Electric (WTRHTR)
  • Waterfront: No
  • Construction Type: Brick
  • Property Condition: Existing

Garage/Parking

  • Garage Entry Location: FRNT
  • Parking Features: Basement, Driveway

Utilities

  • Heating: Central
  • Cooling: Central Air
  • Water: Public Water
  • HVAC Area: 2156
  • Sewer: Septic

Fee Information

  • Fire Fee: N
  • Garbage Fee: N
  • Library Fee: No

Schools

  • High School: SHELBY COUNTY
  • Elementary School: SHELBY
  • Middle Or Junior School: COLUMBIANA

Lot Info

  • Lot View: No

Tax Info

  • Tax District: COUNTY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2025
Closed on
Oct 27, 2025
Sold by
Alavest Llc
Bought by
Fink Michael and Fink Tracy
Seller's Agent
Jeff Tatum
Impact Realty Advisors
Buyer's Agent
David Mackle
Keller Williams Realty Vestavia
List Price
$425,000
Sold Price
$395,000
Premium/Discount to List
-$30,000
-7.06%
Views
115
Current Estimated Value
$402,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,736
Avg. Annual Appreciation
6.05%
Original Mortgage
$316,000
Outstanding Balance
$315,701
Interest Rate
6.26%
Mortgage Type
New Conventional
Estimated Equity
$87,035

Purchase Details

Closed on
Jun 9, 2025
Sold by
Lakeview Loan Servicing Llc
Bought by
Alavest Llc

Purchase Details

Listed on
Jul 13, 2020
Closed on
Nov 4, 2020
Sold by
Rutledge Properties Llc
Bought by
Mcclelland Bryan A
Seller's Agent
Tony Gardiner
EPI Real Estate
Buyer's Agent
Tom Huey
Expert Realty, Inc
List Price
$399,900
Sold Price
$345,000
Premium/Discount to List
-$54,900
-13.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.96%
Original Mortgage
$245,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 20, 2019
Closed on
Jul 3, 2020
Sold by
Rutledge Angie
Bought by
Rutledge Properties Llc
Seller's Agent
Bart Stanley
Home Team Realty
Buyer's Agent
Jeff Rutledge
Alabama Realty Brokers III
List Price
$400,500
Sold Price
$256,666
Premium/Discount to List
-$143,834
-35.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
138.67%
Original Mortgage
$15,000
Interest Rate
3.1%
Mortgage Type
Unknown

Purchase Details

Listed on
Dec 20, 2019
Closed on
Jun 30, 2020
Sold by
Secretary Of Housing And Urban Dev
Bought by
Rutledge Angie
Seller's Agent
Bart Stanley
Home Team Realty
Buyer's Agent
Jeff Rutledge
Alabama Realty Brokers III
List Price
$400,500
Sold Price
$256,666
Premium/Discount to List
-$143,834
-35.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
3.1%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 8, 2019
Sold by
Walker Fred A
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Jun 25, 2009
Sold by
Walker Fred A and Walker Bettye J
Bought by
Walker Fred A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$772,500
Interest Rate
5.15%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Nov 26, 2007
Sold by
Sewell William E and Sewell Rolanda E
Bought by
Walker Fred A and Walker Bettye J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,200
Interest Rate
6.37%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fink Michael $395,000 None Listed On Document
Alavest Llc $302,500 None Listed On Document
Mcclelland Bryan A $345,000 None Available
Rutledge Properties Llc $256,666 Senith Closing & Title Llc
Rutledge Angie $256,666 None Available
Secretary Of Housing & Urban Development $402,697 None Available
Secretar5y Of Housing And Urban Dev $402,697 None Available
Walker Fred A -- None Available
Walker Fred A $449,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fink Michael $316,000
Previous Owner Mcclelland Bryan A $245,000
Previous Owner Rutledge Properties Llc $15,000
Previous Owner Rutledge Angie $245,744
Previous Owner Walker Fred A $772,500
Previous Owner Walker Fred A $359,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/27/2025 10/27/25 Sold $395,000 0.0% $183 / Sq Ft
08/14/2025 08/14/25 Price Changed $395,000 -7.1% $183 / Sq Ft
08/02/2025 08/02/25 For Sale $425,000 +23.2% $197 / Sq Ft
11/04/2020 11/04/20 Sold $345,000 +1.6% $187 / Sq Ft View Prior Sale
10/16/2020 10/16/20 Pending -- -- --
10/01/2020 10/01/20 Price Changed $339,660 0.0% $184 / Sq Ft
10/01/2020 10/01/20 Price Changed $339,600 +2.6% $184 / Sq Ft
08/12/2020 08/12/20 Price Changed $330,900 -1.8% $179 / Sq Ft
08/01/2020 08/01/20 Price Changed $336,900 -0.9% $183 / Sq Ft
07/18/2020 07/18/20 Price Changed $339,900 -15.0% $184 / Sq Ft
07/13/2020 07/13/20 For Sale $399,900 +55.8% $217 / Sq Ft
07/02/2020 07/02/20 Sold $256,666 0.0% $139 / Sq Ft View Prior Sale
04/20/2020 04/20/20 Pending -- -- --
04/15/2020 04/15/20 Off Market $256,666 -- --
04/15/2020 04/15/20 Pending -- -- --
03/25/2020 03/25/20 For Sale $400,500 0.0% $217 / Sq Ft
03/19/2020 03/19/20 Pending -- -- --
02/14/2020 02/14/20 Price Changed $400,500 -10.0% $217 / Sq Ft
12/20/2019 12/20/19 For Sale $445,000 -- $241 / Sq Ft
Source: Greater Alabama MLS

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 $2,986 $147,600 $0 $0
2023 $1,371 $32,080 $0 $0
2022 $1,114 $30,080 $0 $0
2021 $2,922 $66,420 $0 $0
2020 $0 $32,800 $0 $0
2019 $0 $32,080 $0 $0
2017 $0 $33,200 $0 $0
2015 -- $34,720 $0 $0
2014 -- $34,120 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    Jeff Tatum

    Impact Realty Advisors

    (205) 582-2015

    1 in this area

    54 Total Sales

    Jeff Tatum
    Section Image
  • David Mackle

    Buyer's Agent in 2025

    David Mackle

    Keller Williams Realty Vestavia

    (205) 790-6225

    2 in this area

    251 Total Sales

    David Mackle
    Section Image

  • T

    Seller's Agent in 2020

    Tony Gardiner

    EPI Real Estate

    Section Image
  • Bart Stanley

    Seller's Agent in 2020

    Bart Stanley

    Home Team Realty

    (205) 313-6333

    186 Total Sales

    Bart Stanley
    Section Image
  • Jeff Rutledge

    Seller Co-Listing Agent in 2020

    Jeff Rutledge

    Alabama Realty Brokers III

    (205) 966-4880

    13 Total Sales

    Jeff Rutledge
    Section Image

  • T

    Buyer's Agent in 2020

    Tom Huey

    Expert Realty, Inc

See All Agents

Map

Source: Greater Alabama MLS

MLS Number: 21427045

Greater Alabama MLS

APN: 31-3-07-0-002-001-039

Alabama Shelby County Shelby 35143 South Shelby

511 Wallace Dr, Shelby, AL

Not Listed for Sale

Detached

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