518 N Lake Cove Birmingham, AL 35242
North Shelby County Neighborhood
5
Beds
6
Baths
5,690
Sq Ft
1.25
Acres
Highlights
- In Ground Pool
- 1.25 Acre Lot
- Cathedral Ceiling
- Greystone Elementary School Rated A
- Great Room with Fireplace
- Wood Flooring
About This Home
As of January 2025BEAUTIFUL CUSTOM BRICK HOME ON 1.25 LANDSCAPED ACRES WITH A FLAT BACKYARD, WATER FOUNTAIN, GARDENS, BREATHTAKING VIEWS, & AN ADDITION OF A MAIN LEVEL GARAGE, LAUNDRY/MUD ROOM, 2ND COZY DEN, & BONUS ROOM WHICH MAKES A GREAT OFFICE, or MEDIA/HOME SCHOOL ROOM! As you enter this gem you will be impressed by the stack stone fireplace in the great room with lg banquet table which is fabulous for entertaining. The chef style kitchen has a granite prep island, custom cabinetry, Thermador appliances, keeping/hearth room, & huge walk-in pantry. The lg master suite has a spa style bath with jetted garden tub, separate granite vanities, tile shower, & 2 walk-in closets. The 2nd level has 3 bedrooms, a workout room & an additional laundry. The basement makes a great apartment, and has a game room, bonus/bed room, full bath, kitchenette, lg storage closet, woodworking shop, art studio, & great parking. Enjoy a community pool, pavilion, tennis courts, playground, & private North Lake for fishing!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,672
Year Built
- Built in 2000
Lot Details
- 1.25 Acre Lot
- Fenced Yard
- Sprinkler System
HOA Fees
- $108 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- 1 Carport Space
- Basement Garage
- Garage on Main Level
- Front Facing Garage
- Driveway
Home Design
- Four Sided Brick Exterior Elevation
Interior Spaces
- 1.5-Story Property
- Crown Molding
- Smooth Ceilings
- Cathedral Ceiling
- Recessed Lighting
- See Through Fireplace
- Gas Log Fireplace
- Fireplace in Hearth Room
- Great Room with Fireplace
- 2 Fireplaces
- Home Office
- Bonus Room
- Keeping Room
- Finished Basement
- Basement Fills Entire Space Under The House
- Pull Down Stairs to Attic
Kitchen
- Electric Oven
- Gas Cooktop
- Built-In Microwave
- Dishwasher
- Stainless Steel Appliances
- Stone Countertops
Flooring
- Wood
- Carpet
- Concrete
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- Split Vanities
- Bathtub and Shower Combination in Primary Bathroom
- Garden Bath
- Separate Shower
- Linen Closet In Bathroom
Laundry
- Laundry Room
- Laundry on main level
- Sink Near Laundry
- Washer and Electric Dryer Hookup
Outdoor Features
- In Ground Pool
- Patio
Schools
- Greystone Elementary School
- Berry Middle School
- Spain Park High School
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Multiple Heating Units
- Underground Utilities
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 03-8-34-0-007-026.00
Community Details
Overview
- Association fees include common grounds mntc, utilities for comm areas
Recreation
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 22, 2024
Closed on
Dec 26, 2024
Sold by
Swalley Robert D and Swalley Donna Scott
Bought by
Movahed Mondonna and Movahed Hossein
Seller's Agent
Alicia Cuevas
ARC Realty Vestavia
Buyer's Agent
William Steen
ARC Realty 280
List Price
$1,199,000
Sold Price
$950,000
Premium/Discount to List
-$249,000
-20.77%
Views
679
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
$26,833
Avg. Annual Appreciation
2.92%
Original Mortgage
$760,000
Outstanding Balance
$758,060
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$209,864
Purchase Details
Closed on
Jun 26, 2009
Sold by
Swalley Robert D and Swalley Donna Scott
Bought by
Swalley Robert D and Swalley Donna Scott
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
4.98%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 26, 2007
Sold by
Harwell Michael Scott and Harwell Michelle D
Bought by
Swalley Robert D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 5, 2001
Sold by
Thorne Kyle S and Thorne Susan C
Bought by
Harwell Michael Scott and Harwell Michelle D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,000
Interest Rate
7.65%
Mortgage Type
Unknown
Purchase Details
Closed on
Mar 30, 1999
Sold by
Greystone Farms North Llc
Bought by
Thorne Kyle S and Thorne Susan C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.5%
Mortgage Type
Construction
Similar Homes in Birmingham, AL
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $950,000 | None Listed On Document | |
| Warranty Deed | $950,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $495,000 | None Available | |
| Warranty Deed | $490,000 | -- | |
| Warranty Deed | $72,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $760,000 | New Conventional | |
| Closed | $760,000 | New Conventional | |
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $115,092 | Credit Line Revolving | |
| Previous Owner | $35,000 | Credit Line Revolving | |
| Previous Owner | $510,000 | New Conventional | |
| Previous Owner | $187,387 | Commercial | |
| Previous Owner | $102,000 | Credit Line Revolving | |
| Previous Owner | $404,946 | New Conventional | |
| Previous Owner | $408,000 | New Conventional | |
| Previous Owner | $98,000 | Unknown | |
| Previous Owner | $300,000 | Purchase Money Mortgage | |
| Previous Owner | $389,500 | Unknown | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $49,000 | Unknown | |
| Previous Owner | $392,000 | Purchase Money Mortgage | |
| Previous Owner | $240,000 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/03/2025 01/03/25 | Sold | $950,000 | -2.6% | $167 / Sq Ft |
| 08/06/2024 08/06/24 | Price Changed | $975,000 | -2.0% | $171 / Sq Ft |
| 07/19/2024 07/19/24 | Price Changed | $995,000 | -5.2% | $175 / Sq Ft |
| 06/19/2024 06/19/24 | Price Changed | $1,050,000 | -2.3% | $185 / Sq Ft |
| 06/05/2024 06/05/24 | Price Changed | $1,075,000 | +2.4% | $189 / Sq Ft |
| 05/20/2024 05/20/24 | Price Changed | $1,050,000 | -4.5% | $185 / Sq Ft |
| 05/11/2024 05/11/24 | Price Changed | $1,099,000 | -4.4% | $193 / Sq Ft |
| 05/06/2024 05/06/24 | Price Changed | $1,149,000 | -2.1% | $202 / Sq Ft |
| 04/18/2024 04/18/24 | Price Changed | $1,174,000 | -2.1% | $206 / Sq Ft |
| 03/22/2024 03/22/24 | For Sale | $1,199,000 | -- | $211 / 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 | $5,672 | $85,300 | $0 | $0 |
| 2023 | $5,018 | $75,920 | $0 | $0 |
| 2022 | $4,238 | $64,340 | $0 | $0 |
| 2021 | $3,990 | $60,620 | $0 | $0 |
| 2020 | $3,716 | $56,500 | $0 | $0 |
| 2019 | $3,973 | $60,360 | $0 | $0 |
| 2017 | $3,785 | $57,540 | $0 | $0 |
| 2015 | $3,606 | $54,840 | $0 | $0 |
| 2014 | $3,517 | $53,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Alicia Cuevas
Seller's Agent in 2025
Alicia Cuevas
ARC Realty Vestavia
(205) 276-3095
28 in this area
51 Total Sales
-
William Steen
Buyer's Agent in 2025
William Steen
ARC Realty 280
(205) 601-2371
4 in this area
19 Total Sales
Map
Source: Greater Alabama MLS
MLS Number: 21379180
APN: 03-8-34-0-007-026-000
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.
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.
Nearby Homes
- 436 N Lake Rd
- 386 N Lake Rd
- 633 N Lake Cir
- 208 North Way Unit 94TH
- 101 N Lake Dr
- 1149 Greystone Crest
- 6567 Mill Creek Cir
- 461 N Lake Dr
- 1103 Greystone Cove Dr
- 0000 Greystone Crest Unit 43
- 6 Red Fox Run Unit 33A
- 1095 Greystone Cove Dr
- 10 Troon Unit 19A
- 5557 Lakes Edge Dr
- 8034 Castlehill Rd
- 8 Troon
- 1040 Greystone Cove Dr
- 6 Pinehurst Green Unit 6
- 16 Pinehurst Green Unit 41
- 1214 Greystone Crest Unit 23