NOT LISTED FOR SALE

525 Lake Colony Dr Vestavia, AL 35242

Cahaba Heights Neighborhood

Estimated Value: $772,662 - $1,079,000

5 Beds
4.5 Baths
3,202 Sq Ft
$288/Sq Ft Est. Value

Last Sold January 10, 2014

Last sale price $565,000 $176 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $5,430/month

Highlights

  • Golf Course Community
  • Fishing
  • Wind Turbine Power
  • Vestavia Hills Elementary Liberty Park Rated A+
  • Outdoor Pool
  • Lake Property

About This Home

As of January 2014

FABULOUS CUSTOM BUILT, FULL BRICK, LARGE PRIVATE LOT(1/2 ACRE PER CTY RECORDS) ON CULDESAC ST. IMMACULATE, MOVE-IN CONDITION. ALL HDWD FLOORS ON 1ST & 2ND LEVEL, 10'CEILINGS ON MAIN,9'CEILINGS ON 2ND LEVEL. CHILDREN CAN WALK TO SCHOOL! 5 BR, 4 1/2 BATH, FORMAL LR & DR, OPEN FLOOR PLAN DEN W/LIMESTONE GAS LOG FP & GOURMET KITCHEN W/NEW GRANITE & BKSPLASH, BREAKFAST BAR ISLAND, INDUSTRIAL GAS STOVE,MICROWAVE DRAWER,SUB ZERO REFRIGERATOR, LG PANTRY, EATING AREA EXITS TO BLUE STONE SCREEN PATIO & LG OPEN BLUE STONE PATIO. WONDERFUL BKYARD W/WOODEN PLAYSET, MAIN LEVEL MASTER SUITE, 2ND LVL HAS 3 BR 2 BATHS (ONE JACK&JILL)& LG REC ROOM. FINISHED BSMT WITH MEDIA/REC ROOM WIRED FOR PROJECTOR WITH CEILING MOUNT AUTO SCREEN, WET BAR W/GRANITE,5TH BR, FULL BATH & FITNESS/CRAFT/BONUS ROOM. ADDITIONAL FEATURES: MAIN LEVEL LAUNDRY RM W/LAUNDRY SINK,ALL NEW DOUBLE PANE WINDOWS,WALK-OUT ATTIC STORAGE,TRANSOM WINDOWS,PLANTATION SHUTTERS WALK-IN CLOSETS, 3 HVAC SYSTEMS, 2 ALMOST NEW WATER HEATERS.

Last Agent to Sell the Property

Sue Ann Scarborough

RealtySouth-Inverness Office Listed on: 08/18/2013

RealtySouth-Inverness Office

Last Buyer's Agent

Seth Underwood

RE/MAX First Choice License #000076197

RE/MAX First Choice

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,564

Year Built

  • 1999

Lot Details

  • Cul-De-Sac
  • Fenced Yard
  • Interior Lot
  • Irregular Lot
  • Sprinkler System
  • Few Trees

HOA Fees

  • $133 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Basement Garage
  • Side Facing Garage
  • Off-Street Parking

Interior Spaces

  • 1.5-Story Property
  • Wet Bar
  • Sound System
  • Crown Molding
  • Smooth Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Fireplace
  • Stone Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Window Treatments
  • French Doors
  • Insulated Doors
  • Family Room with Fireplace
  • Dining Room
  • Den
  • Play Room
  • Screened Porch
  • Finished Basement
  • Bedroom in Basement
  • Pull Down Stairs to Attic
  • Home Security System

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Stove
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • ENERGY STAR Qualified Appliances
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Split Vanities
  • Hydromassage or Jetted Bathtub
  • Bathtub and Shower Combination in Primary Bathroom
  • Separate Shower
  • Linen Closet In Bathroom

Laundry

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

Eco-Friendly Details

  • Wind Turbine Power

Outdoor Features

  • Outdoor Pool
  • Pond
  • Lake Property
  • Patio

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Programmable Thermostat
  • Underground Utilities
  • Multiple Water Heaters
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 27-07-4-005-004.000.00

Community Details

Overview

  • Association fees include common grounds mntc, management fee, reserve for improvements, utilities for comm areas
  • $60 Other Monthly Fees

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Fishing
  • Park
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,564

Year Built

1999

Lot Details

0

HOA Fees

$133 per month

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Access: Curb and Gutters, Paved Road
  • Legal Description: LOT 15 VESTLAKE VILLAGE
  • Number Levels: 1.5-Story
  • Property Type: Single Family
  • Termite Company Name: WAYNES
  • Termite Contract: Yes
  • Year Built Description: Existing
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1999

Interior Features

  • Interior Amenities: French Doors, Recess Lighting, Security System, Sound System, Wet Bar
  • Fireplace Details: Stone (FIREPL)
  • Fireplace Location: Family Room (FIREPL)
  • Fireplace Type: Gas (FIREPL), Woodburning
  • Floors: Hardwood, Tile Floor
  • Number Fireplaces: 1
  • Windows Treatments: Some to Remain
  • Bedroom/Bathroom Features: Jetted Tub, Linen Closet, Separate Shower, Separate Vanities, Shared Bath, Tub/Shower Combo, Walk-In Closets
  • Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Room 1: Living, On Level: 1
  • Room 2: Dining Room, On Level: 1
  • Room 3: Den/Family, On Level: 1
  • Room 4: Kitchen, On Level: 1
  • Room 5: Master Bedroom, On Level: 1
  • Room 6: Master Bath, On Level: 1
  • Room 7: Half Bath, On Level: 1
  • Room 8: Play/Rec, On Level: 2
  • Room 9: Bedroom, On Level: 2
  • Room 10: Bedroom, On Level: 2
  • Room 11: Bedroom, On Level: 2
  • Room 12: Full Bath, On Level: 2
  • Room 13: Media, On Level: B
  • Room 14: Bedroom, On Level: B
  • Room 15: Full Bath, On Level: B
  • Basement Rooms: Bedroom (LVL BSMT), Full Bath (LVL BSMT), Media (LVL BSMT)
  • Rooms Level 1: Den/Family (LVL 1), Dining Room (LVL 1), Half Bath (LVL 1), Kitchen (LVL 1), Living (LVL 1), Master Bath (LVL 1), Master Bedroom (LVL 1)
  • Rooms Level 2 Plus: Bedroom (LVL 2+), Full Bath (LVL 2+), Play/Rec (LVL 2+)
  • Basement Style II: All Finished
  • Basement Style III: Poured Concrete Walls
  • Kitchen Countertops: Solid Surface, Stone (KIT)
  • Kitchen Equipment: Cooktop-Gas, Dishwasher Built-In, Disposal, Microwave Built-In, Oven-Gas, Self-Cleaning, Refrigerator, Some Stainless Appl, Stove-Gas
  • Kitchen Features: Breakfast Bar, Eating Area, Island, Pantry
  • Laundry: Yes
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Washer Hookup
  • Laundry Location: Laundry (MLVL)
  • Laundry Space: Room
  • Attic: Yes
  • Attic Type: Pull-Down, Walk-In

Exterior Features

  • Patio: Yes
  • Construction: 4 Side Brick
  • Exterior Features: Fenced Yard, Sprinkler System, Porch Screened
  • Foundation: Basement
  • Patio Type: Open (PATIO)
  • Pool: Yes
  • Pool: Community
  • Water Heater: Gas (WTRHTR), 2+ Water Heaters

Garage/Parking

  • Garage Entry Location: Side
  • Number Garage Spaces Bsmt Lvl: 2
  • Number Total Garage Spaces: 2
  • Parking Features: Basement Parking, Lower Level, Off Street Parking

Utilities

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

Condo/Co-op/Association

  • Amenities: Fishing, Golf Access, Park, Playgound, Pond, Private Lake, Sidewalks, Street Lights, Tennis Courts, Walking Paths
  • Association Fee: Yes
  • Association Fee: 1590
  • Association Fee Per: Yearly

Fee Information

  • Fees Include: Common Grounds Mntc, Management Fee, Reserve for Improvements, Utilities for Comm Areas
  • Garbage Fee: Yes
  • Garbage Fee Amount: 60
  • Garbage Fee Per: Monthly

Schools

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

Lot Info

  • Assessor Parcel Number: 27-07-4-005-004.000.00
  • Lot Description: Cul-de-sac, Interior Lot, Irregular Lot, Some Trees, Subdivision

Green Features

  • Energy Green Features: Ceiling Fans, Doub Paned Windows, Energy Star Appliances, Energy Star Windows, Insulated Door, Programmable Thermostat, Turbines

Tax Info

  • Tax District: VESTAVIA HILLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2013
Closed on
Jan 10, 2014
Sold by
Lamon Bridgette
Bought by
Hubbard Dorian W and Hubbard Laura Ann
Seller's Agent
Sue Ann Scarborough
RealtySouth-Inverness Office
Buyer's Agent
Seth Underwood
RE/MAX First Choice
List Price
$624,900
Sold Price
$565,000
Premium/Discount to List
-$59,900
-9.59%
Current Estimated Value
$923,416

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$358,416
Avg. Annual Appreciation
4.25%
Original Mortgage
$295,000
Outstanding Balance
$223,136
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$700,280

Purchase Details

Closed on
Jun 29, 2010
Sold by
Lamon Andrew and Lamon Bridgette
Bought by
Lamon Bridgette

Purchase Details

Closed on
Oct 14, 1998
Sold by
Dorsett Construction Inc
Bought by
Briley James R and Briley Janet G

Purchase Details

Closed on
Jun 29, 1998
Sold by
Liberty Park Joint Venture
Bought by
Dorsett Construction Inc
Source: Public Records

Range of Values:

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List 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
Hubbard Dorian W $565,000 --
Lamon Bridgette -- None Available
Briley James R $72,850 --
Dorsett Construction Inc $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hubbard Dorian W $295,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2014 01/10/14 Sold $565,000 -9.6% $176 / Sq Ft
12/07/2013 12/07/13 Pending -- -- --
08/18/2013 08/18/13 For Sale $624,900 -- $195 / 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 $5,564 $64,940 -- --
2022 $5,075 $55,370 $13,500 $41,870
2021 $4,951 $54,030 $13,500 $40,530
2020 $4,844 $52,870 $16,340 $36,530
2019 $5,488 $59,840 $0 $0
2018 $5,042 $55,020 $0 $0
2017 $5,005 $54,620 $0 $0
2016 $4,851 $52,960 $0 $0
2015 $4,636 $50,640 $0 $0
2014 $4,571 $98,160 $0 $0
2013 $4,571 $49,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2014

    Sue Ann Scarborough

    RealtySouth

    (205) 908-9842

    2 Total Sales

    Sue Ann Scarborough
    Section Image

  • S

    Buyer's Agent in 2014

    Seth Underwood

    RE/MAX

    Section Image
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Map

Source: Greater Alabama MLS

MLS Number: 574733

Greater Alabama MLS

APN: 27-00-07-4-005-004.000

Alabama Jefferson County Vestavia 35242 Cahaba Heights

525 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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