Seller's Agent in 2022
Jason Dailey
Keller Williams Realty Vestavia
(205) 600-8682
3 in this area
106 Total Sales
516 Lake Colony Dr Vestavia, AL 35242
Cahaba Heights NeighborhoodEstimated Value: $1,119,490 - $1,354,000
5
Beds
4.5
Baths
5,731
Sq Ft
$212/Sq Ft
Est. Value
Highlights
- 61 Feet of Waterfront
- Community Boat Launch
- Fishing
- Vestavia Hills Elementary Liberty Park Rated A+
- In Ground Pool
- Wind Turbine Power
About This Home
As of July 2022This is just what you have been waiting to find. A lakefront property near a cul-de-sac in Liberty Park! This Calvin Reid custom-built property is impeccably maintained, has a fabulous open floor plan with striking detailing, main level and basement garages and a finished daylight basement. A soaring foyer leads to a large dining room and living room. Fantastic great room with soaring ceilings and huge windows for enjoying the lake view. Beautiful kitchen for the most discriminating chef. The magnificent master suite features a luxurious bath. Multiple staircases lead to the upper level with 4 bedrooms, 3 large baths, and an office. Huge walkout daylight basement features media room with stack stone fireplace, playroom, and exercise room and full bath. There's an abundance of windows and natural light throughout the property. Large deck and screened porch to enjoy the lake views. Located near schools, swimming pool and tennis courts.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,729
Year Built
- Built in 1998
Lot Details
- 0.53 Acre Lot
- 61 Feet of Waterfront
- Cul-De-Sac
- Fenced Yard
- Sprinkler System
- Few Trees
HOA Fees
- $117 Monthly HOA Fees
Parking
- 4 Car Attached Garage
- Basement Garage
- Garage on Main Level
- Side Facing Garage
- Driveway
Home Design
- Four Sided Brick Exterior Elevation
Interior Spaces
- 2-Story Property
- Crown Molding
- Smooth Ceilings
- Cathedral Ceiling
- Ceiling Fan
- Recessed Lighting
- Wood Burning Fireplace
- Marble Fireplace
- Stone Fireplace
- Gas Fireplace
- Double Pane Windows
- Window Treatments
- Bay Window
- Family Room with Fireplace
- 2 Fireplaces
- Great Room with Fireplace
- Dining Room
- Home Office
- Play Room
- Lake Views
- Pull Down Stairs to Attic
Kitchen
- Breakfast Bar
- Double Convection Oven
- Electric Oven
- Gas Cooktop
- Built-In Microwave
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Stone Countertops
- Disposal
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
- Split Vanities
- Hydromassage or Jetted Bathtub
- Bathtub and Shower Combination in Primary Bathroom
- Separate Shower
Laundry
- Laundry Room
- Laundry on main level
- Sink Near Laundry
- Washer and Electric Dryer Hookup
Basement
- Basement Fills Entire Space Under The House
- Natural lighting in basement
Eco-Friendly Details
- Wind Turbine Power
Outdoor Features
- In Ground Pool
- Swimming Allowed
- Lake Property
- Deck
- Covered Patio or Porch
Schools
- Vestavia-Liberty Park Elementary School
- Liberty Park Middle School
- Vestavia Hills High School
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Multiple Heating Units
- Underground Utilities
- Multiple Water Heaters
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 27-00-07-4-006-002.000
Community Details
Overview
- Association fees include common grounds mntc, management fee, reserve for improvements, utilities for comm areas
- Neighborhood Mgmt Llc Association, Phone Number (205) 877-9480
Recreation
- Community Boat Launch
- Tennis Courts
- Community Playground
- Community Pool
- Fishing
- Trails
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 23, 2018
Closed on
Nov 16, 2018
Sold by
Mckenna Daniel
Bought by
Listi Daniel A and Listi Erica
Seller's Agent
Brad Clement
ARC Realty Vestavia-Liberty Pk
Buyer's Agent
Dionne Lovett
LAH Sotheby's International Realty Mountain Brook
List Price
$835,000
Sold Price
$800,000
Premium/Discount to List
-$35,000
-4.19%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$416,873
Avg. Annual Appreciation
6.23%
Original Mortgage
$660,000
Outstanding Balance
$574,370
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$642,503
Purchase Details
Closed on
Aug 7, 2007
Sold by
Primacy Closing Corp
Bought by
Mckenna Daniel and Mckenna Sheila
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 26, 2007
Sold by
Scriven Peter Howard and Scriven Lesley Jane
Bought by
Primacy Closing Corp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 28, 1998
Sold by
Calvin Reid Construction Company Inc
Bought by
Wilson Don L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 24, 1997
Sold by
Liberty Park Joint Venture
Bought by
Calvin Reid Construction Co Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
7.39%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Listi Daniel A | $800,000 | -- | |
| Mckenna Daniel | $925,000 | None Available | |
| Primacy Closing Corp | $925,000 | None Available | |
| Wilson Don L | $616,804 | -- | |
| Calvin Reid Construction Co Inc | $85,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Listi Daniel A | $660,000 | |
| Previous Owner | Mckenna Daniel | $225,000 | |
| Previous Owner | Wilson Don L | $440,000 | |
| Previous Owner | Calvin Reid Construction Co Inc | $368,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/08/2022 07/08/22 | Sold | $1,000,000 | -4.8% | $174 / Sq Ft | |
| 06/16/2022 06/16/22 | Pending | -- | -- | -- | |
| 06/10/2022 06/10/22 | For Sale | $1,050,000 | +31.3% | $183 / Sq Ft | |
| 11/16/2018 11/16/18 | Sold | $800,000 | 0.0% | $160 / Sq Ft | View Prior Sale |
| 08/27/2018 08/27/18 | Price Changed | $799,900 | -4.2% | $160 / Sq Ft | |
| 07/23/2018 07/23/18 | For Sale | $835,000 | -- | $167 / Sq Ft |
Source: Greater Alabama MLS
Tax History Compared to Growth
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 | $9,824 | $115,620 | -- | -- |
| 2022 | $5,885 | $64,120 | $15,200 | $48,920 |
| 2021 | $5,729 | $62,440 | $15,200 | $47,240 |
| 2020 | $5,555 | $60,560 | $18,390 | $42,170 |
| 2019 | $6,935 | $75,460 | $0 | $0 |
| 2018 | $7,261 | $78,980 | $0 | $0 |
| 2017 | $7,203 | $78,360 | $0 | $0 |
| 2016 | $6,979 | $75,940 | $0 | $0 |
| 2015 | $6,979 | $75,940 | $0 | $0 |
| 2014 | $6,878 | $73,600 | $0 | $0 |
| 2013 | $6,878 | $73,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Dailey
-
Ellen Melville
Buyer's Agent in 2022
Ellen Melville
RealtySouth
(205) 835-7099
3 in this area
17 Total Sales
-
Brad Clement
Seller's Agent in 2018
Brad Clement
ARC Realty Vestavia-Liberty Pk
(205) 410-3735
25 in this area
80 Total Sales
-
Dionne Lovett
Buyer's Agent in 2018
Dionne Lovett
LAH Sotheby's International Realty Mountain Brook
(205) 370-8580
58 Total Sales
Map
Source: Greater Alabama MLS
MLS Number: 1323103
APN: 27-00-07-4-006-002.000
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