NOT LISTED FOR SALE

516 Founders Park Ln Birmingham, AL 35226

Estimated Value: $895,000 - $1,040,384

5 Beds
4.5 Baths
2,862 Sq Ft
$338/Sq Ft Est. Value

Last Sold November 13, 2014

Last sale price $585,000 $204 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $5,641/month

Highlights

  • Fishing
  • Outdoor Pool
  • Covered Deck
  • Gwin Elementary School Rated A
  • Clubhouse
  • Pond

About This Home

As of November 2014

5 Bedrooms, 4 1/2 Baths, +3800 sq.ft finished! Beautiful custom home! Formal Dining w/ wainscoting and plate shelf. Beautiful antique stained glass transoms. Main level master bedroom w/ vaulted ceiling. NEWLY RENOVATED MASTER BATH with his/hers vanities, marble counters and claw foot tub. Large walk in closet. Gourmet Kitchen features large custom island, double ovens, granite counters, custom window seat, stainless steel appliances, and antique stained glass; Living Room w/ custom built in shelving, gas fireplace, and repurposed plank ceiling and beams. Upstairs features 3 large bedrooms and 2 baths plus Office. FULLY FINISHED BASEMENT features 5th bedroom, Full Bath, 2nd kitchen w/ sink, dishwasher, refrigerator, and custom granite bar, hardwood floors. Basement Den features Surround Sound and Climate Controlled Wine Cellar with antique stain glass door. Flagstone patio includes gas fire pit, custom outdoor kitchen with sink, beverage cooler and Big Green Egg!

Last Agent to Sell the Property

Cliff Glansen

FlatFee.com License #88060 Listed on: 08/08/2014

Last Buyer's Agent

MLS Non-member Company

Birmingham Non-Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,772

Year Built

  • 2003

Lot Details

  • Interior Lot
  • Sprinkler System
  • Few Trees

HOA Fees

  • $100 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Basement Garage
  • Side Facing Garage
  • Driveway

Home Design

  • HardiePlank Siding

Interior Spaces

  • 1.5-Story Property
  • Wet Bar
  • Sound System
  • Smooth Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Self Contained Fireplace Unit Or Insert
  • Gas Fireplace
  • Double Pane Windows
  • Window Treatments
  • French Doors
  • Family Room with Fireplace
  • Dining Room
  • Den
  • Bonus Room
  • Screened Porch
  • Pull Down Stairs to Attic
  • Home Security System

Kitchen

  • Breakfast Bar
  • Double Oven
  • Electric Oven
  • Gas Cooktop
  • Built-In Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Separate Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Finished Basement

  • Bedroom in Basement
  • Recreation or Family Area in Basement

Outdoor Features

  • Outdoor Pool
  • Pond
  • Covered Deck
  • Exterior Lighting

Utilities

  • Two cooling system units
  • Forced Air Heating and Cooling System
  • Two Heating Systems
  • Heat Pump System
  • Heating System Uses Gas
  • Programmable Thermostat
  • Underground Utilities
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 39-15-4-006-002.010

Community Details

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Community Playground
  • Community Pool
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,772

Year Built

2003

Lot Details

0

HOA Fees

$100 per month

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Access: Paved Road
  • Living Area: 2862
  • Legal Description: LOT 44 THE PRESERVE PHASE II 36/43
  • Dual or Variable Rate Commission: Yes
  • Number Levels: 1.5-Story
  • Property Type: Single Family
  • Year Built Description: Existing
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2003

Interior Features

  • Interior Amenities: French Doors, Recess Lighting, Security System, Sound System, Wet Bar
  • Fireplace Details: Gas Starter, Insert
  • Fireplace Location: Family Room (FIREPL)
  • Fireplace Type: Gas (FIREPL)
  • Floors: Carpet, Hardwood, Hardwood Laminate, Tile Floor
  • Number Fireplaces: 1
  • Windows Treatments: Some to Remain
  • Bedroom/Bathroom Features: Linen Closet, Separate Shower, Walk-In Closets
  • Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Room 1: Den/Family, On Level: 1
  • Room 2: Dining Room, On Level: 1
  • Room 3: Kitchen, On Level: 1
  • Room 4: Laundry, On Level: 1
  • Room 5: Master Bedroom, On Level: 1
  • Room 6: Bedroom, On Level: 2
  • Room 7: Bedroom, On Level: 2
  • Room 8: Bedroom, On Level: 2
  • Room 9: Bonus, On Level: 2
  • Room 10: Den/Family, On Level: B
  • Room 11: Kitchen, On Level: B
  • Room 12: Bedroom, On Level: B
  • Basement Rooms: Bedroom (LVL BSMT), Den/Family (LVL BSMT), Kitchen (LVL BSMT)
  • Rooms Level 1: Den/Family (LVL 1), Dining Room (LVL 1), Kitchen (LVL 1), Laundry (LVL 1), Master Bedroom (LVL 1)
  • Rooms Level 2 Plus: Bedroom (LVL 2+), Bonus (LVL 2+)
  • Basement Style II: All Finished
  • Kitchen Countertops: Solid Surface
  • Kitchen Equipment: Cooktop-Gas, Dishwasher Built-In, Disposal, Freezer, Ice Maker Built-In, Microwave Built-In, Oven-Electric, Self-Cleaning, Double Oven, Refrigerator, Some Stainless Appl
  • Kitchen Features: Breakfast Bar, Eating Area, Island, Pantry
  • Laundry: Yes
  • Laundry Location: Laundry (MLVL)
  • Laundry Space: Room
  • Attic: Yes
  • Attic Type: Pull-Down, Walk-In
  • Basement Finished Sq Ft: 977
  • Main Level Sq Ft: 2862

Exterior Features

  • Construction: Brick Over Foundation, Siding-Hardiplank
  • Decks: Yes
  • Decks Type: Covered (DECK)
  • Exterior Features: Lighting System, Sprinkler System, Porch, Porch Screened
  • Foundation: Basement
  • Pool: Yes
  • Pool: Community
  • Water Heater: Gas (WTRHTR)

Garage/Parking

  • Garage Entry Location: Side
  • Number Total Garage Spaces: 2
  • Parking Features: Attached, Basement Parking, Driveway Parking

Utilities

  • Heating: 3+ Systems (HEAT), Central (HEAT), Dual Systems (HEAT), Forced Air, Gas Heat, Heat Pump (HEAT)
  • Cooling: 3+ Systems (COOL), Central (COOL), Dual Systems (COOL)
  • Sewer/Septic System: Connected
  • Underground Utils: Yes
  • Water: Public Water

Condo/Co-op/Association

  • Amenities: BBQ Area, Clubhouse, Fishing, Playgound, Pond, Sidewalks, Street Lights
  • Association Fee: Yes
  • Association Fee: 1200
  • Association Fee Per: Yearly

Lot Info

  • Assessor Parcel Number: 39-15-4-006-002.010
  • Lot Description: Interior Lot, Some Trees, Subdivision

Green Features

  • Energy Green Features: Ceiling Fans, Doub Paned Windows, Programmable Thermostat

Tax Info

  • Tax District: HOOVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2014
Closed on
Nov 13, 2014
Sold by
Morley Daniel M
Bought by
Thompson Michael L and Thompson Sarah H
Seller's Agent
Cliff Glansen
FlatFee.com
Buyer's Agent
MLS Non-member Company
Birmingham Non-Member Office
List Price
$599,900
Sold Price
$585,000
Premium/Discount to List
-$14,900
-2.48%
Current Estimated Value
$966,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$381,846
Avg. Annual Appreciation
4.69%
Original Mortgage
$193,000
Outstanding Balance
$147,845
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$819,001

Purchase Details

Listed on
Jan 28, 2013
Closed on
Mar 28, 2013
Sold by
Colwell Charles E
Bought by
Morley Daniel M and Morley April M
Seller's Agent
Merry Leach
RealtySouth-OTM-Acton Rd
Buyer's Agent
Fran Massey
TEAMMASSEYPROPERTIES, LLC
List Price
$569,900
Sold Price
$569,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.62%
Original Mortgage
$417,000
Interest Rate
3.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 5, 2003
Sold by
Authentic Building Co Llc
Bought by
Colwell Charles E and Colwell Susan F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,800
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 12, 2003
Sold by
United States Steel Corp
Bought by
Authentic Building Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
5.74%
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
Thompson Michael L $585,000 --
Morley Daniel M $569,900 --
Colwell Charles E $441,750 --
Authentic Building Co Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Michael L $193,000
Previous Owner Morley Daniel M $417,000
Previous Owner Colwell Charles E $352,800
Previous Owner Authentic Building Co Llc $352,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/13/2014 11/13/14 Sold $585,000 -2.5% $204 / Sq Ft
08/20/2014 08/20/14 Pending -- -- --
08/08/2014 08/08/14 For Sale $599,900 +5.3% $210 / Sq Ft
03/28/2013 03/28/13 Sold $569,900 0.0% $199 / Sq Ft View Prior Sale
03/28/2013 03/28/13 Pending -- -- --
01/28/2013 01/28/13 For Sale $569,900 -- $199 / 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 $5,772 $88,620 -- --
2022 $5,081 $70,710 $22,000 $48,710
2021 $4,862 $67,700 $22,000 $45,700
2020 $4,717 $65,560 $22,000 $43,560
2019 $4,707 $65,560 $0 $0
2018 $4,010 $55,960 $0 $0
2017 $4,059 $56,640 $0 $0
2016 $3,895 $54,380 $0 $0
2015 $3,535 $49,420 $0 $0
2014 $3,310 $48,220 $0 $0
2013 $3,310 $48,220 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Alabama MLS

MLS Number: 606073

Greater Alabama MLS

APN: 39-00-15-4-006-002.010