NOT LISTED FOR SALE

512 Lake Colony Dr Vestavia, AL 35242

Cahaba Heights Neighborhood

Estimated Value: $926,227 - $1,265,000

4 Beds
3.5 Baths
5,751 Sq Ft
$190/Sq Ft Est. Value

Last Sold May 29, 2019

Last sale price $830,000 $144 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $6,450/month

2 Days on Market

Highlights

  • 150 Feet of Waterfront
  • In Ground Pool
  • Lake View
  • Vestavia Hills Elementary Liberty Park Rated A+
  • Fishing
  • Lake Property

About This Home

As of May 2019

For Comps Only

Last Agent to Sell the Property

Brad Clement

ARC Realty Vestavia-Liberty Pk Listed on: 05/05/2019

ARC Realty Vestavia-Liberty Pk

Last Buyer's Agent

Brad Clement

ARC Realty Vestavia-Liberty Pk Listed on: 05/05/2019

ARC Realty Vestavia-Liberty Pk

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,091

Year Built

  • Built in 1998

Lot Details

  • 0.54 Acre Lot
  • 150 Feet of Waterfront
  • Cul-De-Sac
  • Sprinkler System
  • Few Trees

HOA Fees

  • $125 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Side Facing Garage

Home Design

  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1.5-Story Property
  • Crown Molding
  • Smooth Ceilings
  • Recessed Lighting
  • Gas Log Fireplace
  • Double Pane Windows
  • Great Room with Fireplace
  • Dining Room
  • Home Office
  • Keeping Room
  • Lake Views
  • Home Security System
  • Attic

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Split Vanities
  • Bathtub and Shower Combination in Primary Bathroom
  • Garden Bath
  • Linen Closet In Bathroom

Laundry

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

Basement

  • Basement Fills Entire Space Under The House
  • Stubbed For A Bathroom
  • Natural lighting in basement

Outdoor Features

  • In Ground Pool
  • Water Access
  • Lake Property
  • Deck

Schools

  • Vestavia-Liberty Park Elementary School
  • Liberty Park Middle School
  • Vestavia Hills High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 27-00-07-4-006-001.000

Community Details

Overview

  • Association fees include common grounds mntc, recreation facility, reserve for improvements, utilities for comm areas
  • Liberty Park Association, Phone Number (205) 945-6430

Recreation

  • Tennis Courts
  • Community Pool
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,091

Year Built

Built in 1998

Lot Details

0

HOA Fees

$125 per month

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Living Area: 4848
  • Legal Description: LOT 24 VESTLAKE VILLAGE 4TH SECTOR
  • Number Levels: 1.5-Story
  • Property Type: Single Family
  • Termite Company Name: WAYNES
  • Termite Contract: Yes
  • Year Built Description: Existing
  • Year Built: 1998
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1998

Interior Features

  • Interior Amenities: Multiple Staircases, Recess Lighting, Security System
  • Fireplace Details: Gas Logs
  • Fireplace Location: Great Room (FIREPL)
  • Fireplace Type: Gas (FIREPL)
  • Floors: Carpet, Hardwood, Tile Floor
  • Number Fireplaces: 1
  • Bedroom/Bathroom Features: Garden Tub, Linen Closet, Separate Vanities, Tub/Shower Combo, Walk-In Closets
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Concatenated Rooms: |Living1|DiningRoom1|Kitchen1|KeepngRm1|GreatRoom1|MasterBR1|MasterBath1|Laundry1|HalfBath1|Bedroom2|Bedroom2|Bedroom2|FullBath2|FullBath2|Office2|
  • Room 1: Living, On Level: 1
  • Room 2: Dining Room, On Level: 1
  • Room 3: Kitchen, On Level: 1
  • Room 4: Keeping Room, On Level: 1
  • Room 5: Great Room, On Level: 1
  • Room 6: Master Bedroom, On Level: 1
  • Room 7: Master Bath, On Level: 1
  • Room 8: Laundry, On Level: 1
  • Room 9: Half Bath, On Level: 1
  • Room 10: Bedroom, On Level: 2
  • Room 11: Bedroom, On Level: 2
  • Room 12: Bedroom, On Level: 2
  • Room 13: Full Bath, On Level: 2
  • Room 14: Full Bath, On Level: 2
  • Room 15: Office/Study, On Level: 2
  • Rooms Level 1: Dining Room (LVL 1), Great Room (LVL 1), Half Bath (LVL 1), Keeping Room (LVL 1), Kitchen (LVL 1), Laundry (LVL 1), Living (LVL 1), Master Bath (LVL 1), Master Bedroom (LVL 1)
  • Rooms Level 2 Plus: Bedroom (LVL 2+), Full Bath (LVL 2+), Office/Study (LVL 2+)
  • Basement Style: Full Basement
  • Basement Style II: Both Fin and Unfin
  • Basement Style III: Daylight Basement, Plumbing Stubbed, Poured Concrete Walls
  • Kitchen Countertops: Stone (KIT)
  • Kitchen Equipment: Dishwasher Built-In, Disposal, Microwave Built-In, Refrigerator, Stove-Gas
  • Laundry: Yes
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Washer Hookup
  • Laundry Location: Laundry (MLVL)
  • Laundry Space: Room
  • Attic: Yes
  • Attic Type: Walk-In
  • Basement Finished Sq Ft: 903
  • Unfinished Basement Sq Ft: 1040
  • Main Level Sq Ft: 2878
  • Upper Level Sq Ft: 1970

Exterior Features

  • Waterfront Name: LAKE REYNOLDS
  • Construction: 4 Sides Brick
  • Decks: Yes
  • Decks Type: Open (DECK)
  • Exterior Features: Sprinkler System
  • Foundation: Basement
  • Pool: Yes
  • Pool Features: In-Ground, Perimeter Fencing
  • Pool: Community
  • Waterfront: Yes
  • Waterfront Frontage: 150
  • Water Heater: Gas (WTRHTR)

Garage/Parking

  • Garage Entry Location: Side
  • Number Total Garage Spaces: 3
  • Parking Features: Attached

Utilities

  • Heating: Central (HEAT)
  • Cooling: Central (COOL)
  • Sewer/Septic System: Connected
  • Underground Utils: Yes
  • Water: Public Water
  • HVAC Area: 5751

Condo/Co-op/Association

  • Amenities: Boats-Non Motor Only, Fishing, Private Lake, Sidewalks, Street Lights, Tennis Courts, Water Access
  • Association Fee: Yes
  • Association Fee: 1500
  • Association Fee Per: Yearly
  • HOA Management Company: LIBERTY PARK
  • Hoa Phone: 205-945-6430

Fee Information

  • Fees Include: Common Grounds Mntc, Recreation Facility, Reserve for Improvements, Utilities for Comm Areas

Lot Info

  • Assessor Parcel Number: 27-00-07-4-006-001.000
  • Lot Description: Cul-de-sac, Some Trees, Subdivision
  • Lot View: Yes
  • Lot View Type: Lake/Water View
  • Number Acres: 0.54

Green Features

  • Energy Green Features: Doub Paned Windows

Tax Info

  • Tax District: VESTAVIA HILLS
  • Annual Tax: 6091

MLS Schools

  • Elementary School: VESTAVIA-LIBERTY PARK
  • High School: VESTAVIA HILLS
  • Jr Middle School: LIBERTY PARK

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2019
Sold by
Gillespy John Sharp
Bought by
Guven Hasan and Guven Maegan
Current Estimated Value
$1,095,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$436,087
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$659,220

Purchase Details

Closed on
Dec 3, 1998
Sold by
Wood Powers & Hastings Construction Inc
Bought by
Gillespy Louise Rust

Purchase Details

Closed on
Sep 2, 1997
Sold by
Liberty Park Joint Venture
Bought by
Wood Powers & Hasings Construction Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.43%
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Guven Hasan $830,000 --
Gillespy Louise Rust $585,946 --
Wood Powers & Hasings Construction Inc $9,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guven Hasan $500,000
Previous Owner Wood Powers & Hasings Construction Inc $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2019 05/29/19 Sold $830,000 -3.5% $144 / Sq Ft
05/07/2019 05/07/19 Pending -- -- --
05/05/2019 05/05/19 For Sale $859,900 -- $150 / 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 $7,103 $83,500 -- --
2022 $6,703 $72,960 $15,200 $57,760
2021 $6,475 $70,490 $15,200 $55,290
2020 $6,222 $67,760 $18,390 $49,370
2019 $6,229 $72,660 $0 $0
2018 $6,091 $71,060 $0 $0
2017 $6,046 $73,600 $0 $0
2016 $6,117 $71,360 $0 $0
2015 $6,117 $71,360 $0 $0
2014 $6,510 $69,200 $0 $0
2013 $6,510 $69,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brad Clement

    Seller's Agent in 2019

    Brad Clement

    ARC Realty Vestavia-Liberty Pk

    (205) 410-3735

    25 in this area

    80 Total Sales

    Brad Clement
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Map

Source: Greater Alabama MLS

MLS Number: 857544

Greater Alabama MLS

APN: 27-00-07-4-006-001.000

Alabama Jefferson County Vestavia 35242 Cahaba Heights

512 Lake Colony Dr, Vestavia, AL

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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