$40,000
SOLD OCT 17, 2025

512 Drake Loop Winfield, AL 35594

2 Beds
1 Bath
936 Sq Ft
1950 Built

Recently Sold

$43 Per Sq Ft

27% Below List Price

1 Day on Market

Highlights

  • No HOA
  • Porch
  • Window Unit Cooling System
  • Winfield Elementary School Rated A
  • Paneling
  • Living Room

About This Home

As of October 2025

Investment Opportunity in the Heart of Winfield!

This charming 2-bedroom, 1-bath home is located within the highly sought-after Winfield City School District-perfect for families, investors, or anyone looking to enjoy small-town living with big potential.

Inside, you'll find a practical layout designed for comfort and functionality. The cozy living spaces are easy to maintain, and the bedrooms offer just the right amount of space for relaxation. Outside, the property features a manageable yard, ideal for tenants or homeowners who prefer low-maintenance living.

Currently being used as a rental, this property presents a fantastic opportunity for investors to step right into a steady income stream or for buyers to make it their own.

Conveniently located near schools, shopping, and local amenities, this home combines affordability with a great location.

Last Agent to Sell the Property

Brandi Segraves

EXIT Realty Birmingham License #129719 Listed on: 09/19/2025

EXIT Realty Birmingham

Last Buyer's Agent

Non Member

Non - Board Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $275

Year Built

  • Built in 1950

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 936 Sq Ft Home
  • 1-Story Property
  • Paneling
  • Living Room
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range

Flooring

  • Partially Carpeted
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • Septic Tank

Additional Features

  • Porch
  • Property is in good condition

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 49 24 01 02 0 200 049.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$275

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Lot Size: 0.7
  • Subdivision Name: -
  • Directions: From EXIT Realty Birmingham Winfield head NE on Bankhead Avenue towards city hall. (2.0 miles) Turn left onto AL-129N (1.3 miles) Turn right onto Blue Ridge Road. Turn right onto Drake Loop.
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1950
  • Room Type: Living Room
  • Room Type: Kitchen
  • Room Type: Laundry
  • Room Type: Bedroom 1
  • Room Type: Bedroom 2
  • Room Type: Other
  • Schools Middle Schools: City
  • Schools High Schools: City
  • Appliances Refrigerators: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Oven (Elec), Range (Elec), Refrigerator, Water Heater (Elec)
  • Has Basement: None
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Partial Carpet, Vinyl
  • Interior Amenities: Paneling
  • Appliances:Oven (Elec): Yes
  • Appliances:Range (Elec): Yes
  • Appliances:Water Heater (Elec): Yes
  • Basement:None5: Yes

Exterior Features

  • Construction Type: Brick, Vinyl Siding
  • Patio And Porch Features: Porch
  • Property Condition: Good
  • Roof: Shingle
  • Construction:Brick2: Yes

Garage/Parking

  • Attached Garage: No
  • General Property Description:Garage Remarks2: None
  • General Property Description:Garage Stall2: 0

Utilities

  • Cooling: Window Unit
  • Cooling Y N: Yes
  • Heating: Wall Heater (Gas)
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public
  • Heating:Wall Heater (Gas): Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: City
  • High School: City
  • Middle Or Junior School: City

Lot Info

  • Parcel #: 49 24 01 02 0 200 049.000
  • Zoning: R-1

Tax Info

  • Tax Annual Amount: 275.0
  • Tax Year: 2024

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/17/2025 10/17/25 Sold $40,000 -27.3% $43 / Sq Ft
09/01/2025 09/01/25 For Sale $55,000 +243.8% $59 / Sq Ft
02/13/2020 02/13/20 Sold $16,000 0.0% $17 / Sq Ft View Prior Sale
01/13/2020 01/13/20 Pending -- -- --
09/10/2019 09/10/19 For Sale $16,000 -- $17 / Sq Ft
Source: Walker 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 $275 $10,200 $1,980 $8,220
2023 $275 $10,200 $1,980 $8,220
2022 $231 $8,540 $1,980 $6,560
2021 $237 $8,760 $1,980 $6,780
2020 $179 $6,620 $1,980 $4,640
2019 $0 $3,320 $1,000 $2,320
2018 $0 $3,000 $680 $2,320
2017 $0 $3,000 $680 $2,320
2016 $0 $3,060 $720 $2,340
2015 -- $3,060 $720 $2,340
2014 -- $3,060 $720 $2,340
2013 -- $3,060 $720 $2,340
Source: Public Records

Agents Affiliated with this Home

  • Brandi Segraves

    Seller's Agent in 2025

    Brandi Segraves

    EXIT Realty Birmingham

    (205) 495-1138

    10 in this area

    20 Total Sales

    Brandi Segraves
    Section Image

  • N

    Buyer's Agent in 2025

    Non Member

    Non - Board Member

  • Johnny Spann

    Seller's Agent in 2020

    Johnny Spann

    Spann Real Estate

    (205) 495-5666

    19 in this area

    49 Total Sales

    Johnny Spann
    Section Image
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Map

Source: Walker Area Association of REALTORS®

MLS Number: 25-1777

APN: 24-01-02-0-200-049-0000

Alabama Marion County Winfield 35594

512 Drake Loop, Winfield, AL

This home is located at 512 Drake Loop, Winfield, AL 35594 and is currently priced at $40,000, approximately $42 per square foot. This property was built in 1950. 512 Drake Loop is a home located in Marion County with nearby schools including Winfield Elementary School, Winfield High School, and Winfield Middle School.

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