NOT LISTED FOR SALE

515 N Lake Cove Birmingham, AL 35242

North Shelby County Neighborhood

Estimated Value: $815,000 - $871,000

5 Beds
5.5 Baths
4,330 Sq Ft
$194/Sq Ft Est. Value

Last Sold July 23, 2021

Last sale price $625,000 $144 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,986/month

Highlights

  • In Ground Pool
  • Fishing
  • 1.15 Acre Lot
  • Greystone Elementary School Rated A
  • Gated Community
  • Lake Property

About This Home

As of July 2021

Fabulous 5 bedroom 5 1/2 bath Greystone North Lake Home!! Main level features Master bedroom and 2nd bedroom, kitchen, keeping room, and living room with vaulted ceilings and 3 fire places. Coffered ceilings in Dining Room and heavy molding through out. Spacious upstairs with 3 bedrooms plus bonus! Large lot with great backyard and very private. Community Swim and Tennis.

Last Agent to Sell the Property

Jared Walton

RealtySouth-OTM-Acton Rd Listed on: 06/18/2021

RealtySouth-OTM-Acton Rd

Last Buyer's Agent

Howard Whatley

ARC Realty 280

ARC Realty 280

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,861

Year Built

  • Built in 2003

Lot Details

  • 1.15 Acre Lot

HOA Fees

  • $88 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Basement Garage
  • Garage on Main Level
  • Side Facing Garage
  • Circular Driveway

Home Design

  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1.5-Story Property
  • Crown Molding
  • Smooth Ceilings
  • Cathedral Ceiling
  • Recessed Lighting
  • Gas Log Fireplace
  • Bay Window
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Dining Room
  • Bonus Room
  • Keeping Room
  • Attic

Kitchen

  • Double Oven
  • Gas Cooktop
  • Built-In Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Split Vanities
  • Garden Bath
  • Separate Shower
  • 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
  • Swimming Allowed
  • Lake Property
  • Covered Deck
  • Screened Deck

Schools

  • Greystone Elementary School
  • Berry Middle School
  • Spain Park High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 03-8-34-0-007-021.000

Community Details

Overview

  • Association fees include common grounds mntc, recreation facility
  • Mckay Association

Recreation

  • Tennis Courts
  • Community Pool
  • Fishing

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,861

Year Built

Built in 2003

Lot Details

0

HOA Fees

$88 per month

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Access: Curb and Gutters, Paved Road
  • Down Payment Assistance: No
  • Living Area: 3393
  • Legal Description: Block: Lot: 21 GREYSTONE FARMS NORTH
  • List Price per Sq Ft: 166.52
  • Number Levels: 1.5-Story
  • Property Type: Single Family
  • Termite Company Name: aps
  • Termite Contract: Yes
  • Year Built Description: Existing
  • Year Built: 2003
  • Price Per Sq Ft: 144.34
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2003

Interior Features

  • Interior Amenities: Bay Window, Recess Lighting
  • Fireplace Details: Gas Starter, Gas Logs
  • Fireplace Location: Family Room (FIREPL), Living Room (FIREPL), Master Bedroom (FIREPL)
  • Fireplace Type: Gas (FIREPL)
  • Floors: Carpet, Hardwood, Tile Floor
  • Number Fireplaces: 3
  • Bedroom/Bathroom Features: Garden Tub, Linen Closet, Separate Shower, Separate Vanities, Walk-In Closets
  • Bedrooms: 5
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6
  • Concatenated Rooms: |Living1|Kitchen1|KeepngRm1|DiningRoom1|MasterBR1|Bedroom1|Bedroom2|Bedroom2|Bedroom2|Bonus2|
  • Room 1: Living, On Level: 1
  • Room 2: Kitchen, On Level: 1
  • Room 3: Keeping Room, On Level: 1
  • Room 4: Dining Room, On Level: 1
  • Room 5: Master Bedroom, On Level: 1
  • Room 6: Bedroom, On Level: 1
  • Room 7: Bedroom, On Level: 2
  • Room 8: Bedroom, On Level: 2
  • Room 9: Bedroom, On Level: 2
  • Room 10: Bonus, On Level: 2
  • Rooms Level 1: Bedroom (LVL 1), Dining Room (LVL 1), Keeping Room (LVL 1), Kitchen (LVL 1), Living (LVL 1), Master Bedroom (LVL 1)
  • Rooms Level 2 Plus: Bedroom (LVL 2+), Bonus (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: Solid Surface
  • Kitchen Equipment: Cooktop-Gas, Dishwasher Built-In, Microwave Built-In, Double Oven, Refrigerator
  • Kitchen Features: Eating Area
  • 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: 937
  • Main Level Sq Ft: 2057
  • Upper Level Sq Ft: 1336

Exterior Features

  • Construction: 4 Sides Brick
  • Decks: Yes
  • Decks Type: Covered (DECK), Open (DECK), Screened (DECK)
  • Foundation: Basement
  • Pool: Yes
  • Pool Features: In-Ground, Perimeter Fencing
  • Pool: Community
  • Water Heater: Gas (WTRHTR)

Garage/Parking

  • Garage Entry Location: Side
  • Number Garage Spaces Bsmt Lvl: 2
  • Number Total Garage Spaces: 2
  • Parking Features: Attached, Basement Parking, Circular Drive, Driveway Parking, Lower Level, Parking (MLVL)

Utilities

  • Heating: Central (HEAT), Gas Heat
  • Cooling: Central (COOL)
  • Sewer/Septic System: Connected
  • Underground Utils: Yes
  • Water: Public Water
  • HVAC Area: 4330

Condo/Co-op/Association

  • Amenities: Fishing, Gate Entrance/Comm, Private Lake, Swimming Allowed, Tennis Courts
  • Association Fee: Yes
  • Association Fee: 1050
  • Association Fee Per: Yearly
  • HOA Management Company: mckay
  • Hoa Phone: 11111111

Fee Information

  • Fees Include: Common Grounds Mntc, Recreation Facility

Schools

  • Elementary School: GREYSTONE
  • Middle School: BERRY
  • High School: SPAIN PARK

Lot Info

  • Assessor Parcel Number: 03-8-34-0-007-021.000
  • Number Acres: 1.15

Tax Info

  • Tax District: HOOVER
  • Annual Tax: 3861

MLS Schools

  • Elementary School: GREYSTONE
  • High School: SPAIN PARK
  • Jr Middle School: BERRY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2021
Closed on
Jul 21, 2021
Sold by
Scott Aubrey Dennis
Bought by
Dougherty Patrick and Dougherty Catherine Mcgimsey
Seller's Agent
Jared Walton
RealtySouth-OTM-Acton Rd
Buyer's Agent
Howard Whatley
ARC Realty 280
List Price
$565,000
Sold Price
$625,000
Premium/Discount to List
$60,000
10.62%
Current Estimated Value
$840,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,861
Avg. Annual Appreciation
7.34%
Original Mortgage
$561,875
Outstanding Balance
$518,861
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$322,000

Purchase Details

Listed on
Dec 15, 2011
Closed on
Mar 5, 2012
Sold by
Fannie Mae
Bought by
Scott Aubrey Dennis
Seller's Agent
Kathy Arnold
Five Star Real Estate, LLC
Buyer's Agent
Jared Walton
RealtySouth-OTM-Acton Rd
List Price
$455,000
Sold Price
$435,000
Premium/Discount to List
-$20,000
-4.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.93%
Original Mortgage
$348,000
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2011
Sold by
Garrett Cherylia and Garrett Deric
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 15, 2005
Sold by
Frazer Keith and Frazer Traci
Bought by
Garrett Deric and Garrett Cherylia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 13, 2004
Sold by
Frazer Traci
Bought by
Frazer Keith

Purchase Details

Closed on
Jun 20, 2003
Sold by
Stamba Steve and Rouveyrol Peter
Bought by
Frazer Keith and Frazer Traci

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$471,556
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 6, 2001
Sold by
Durwin Richey Homes Inc
Bought by
Stamba Steve and Rouveyrol Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
7.23%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 9, 2000
Sold by
Greystone Farms North Llc
Bought by
Durwin Richey Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,150
Interest Rate
7.83%
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
Dougherty Patrick $625,000 None Available
Scott Aubrey Dennis $435,000 None Available
Federal National Mortgage Association $409,212 None Available
Garrett Deric $570,000 Reli Inc
Frazer Keith -- --
Frazer Keith $523,950 --
Stamba Steve $80,600 --
Durwin Richey Homes Inc $45,150 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dougherty Patrick $561,875
Previous Owner Scott Aubrey Dennis $348,000
Previous Owner Garrett Deric $456,000
Previous Owner Frazer Keith $471,556
Previous Owner Stamba Steve $348,000
Previous Owner Durwin Richey Homes Inc $45,150
Closed Garrett Deric $114,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2021 07/23/21 Sold $625,000 +10.6% $144 / Sq Ft
06/18/2021 06/18/21 For Sale $565,000 +29.9% $130 / Sq Ft
03/06/2012 03/06/12 Sold $435,000 -4.4% --
02/07/2012 02/07/12 Pending -- -- --
12/15/2011 12/15/11 For Sale $455,000 -- --
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 $5,275 $79,320 $0 $0
2023 $5,153 $77,960 $0 $0
2022 $4,335 $65,800 $0 $0
2021 $4,090 $62,120 $0 $0
2020 $3,851 $58,520 $0 $0
2019 $4,139 $62,860 $0 $0
2017 $8,189 $123,140 $0 $0
2015 $7,823 $117,640 $0 $0
2014 $7,641 $114,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jared Walton

    Seller's Agent in 2021

    Jared Walton

    RealtySouth

    (205) 586-7721

    6 in this area

    35 Total Sales

    Jared Walton
    Section Image
  • Howard Whatley

    Buyer's Agent in 2021

    Howard Whatley

    ARC Realty 280

    (205) 527-9318

    18 in this area

    72 Total Sales

    Howard Whatley
    Section Image

  • K

    Seller's Agent in 2012

    Kathy Arnold

    Five Star Real Estate, LLC

    Section Image
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Map

Source: Greater Alabama MLS

MLS Number: 1289223

Greater Alabama MLS

APN: 03-8-34-0-007-021-000

Alabama Shelby County Birmingham 35242 North Shelby County

515 N Lake Cove, Birmingham, AL

This home is located at 515 N Lake Cove, Birmingham, AL 35242 since 18 June 2021 and is currently estimated at $840,861, approximately $194 per square foot. This property was built in 2003. 515 N Lake Cove is a home located in Shelby County with nearby schools including Greystone Elementary School, Berry Middle School, and Spain Park High School.

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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