NOT LISTED FOR SALE

532 Lake Colony Dr Vestavia, AL 35242

Cahaba Heights Neighborhood

Estimated Value: $1,080,000 - $1,174,724

7 Beds
5.5 Baths
5,079 Sq Ft
$223/Sq Ft Est. Value

Last Sold April 25, 2022

Last sale price $1,080,000 $213 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $6,784/month

Highlights

  • 100 Feet of Waterfront
  • Community Boat Launch
  • Home Theater
  • Vestavia Hills Elementary Liberty Park Rated A+
  • Safe Room
  • In Ground Pool

About This Home

As of April 2022

This luxury lakefront property in Liberty Park is the ideal home for family living. With 5,079 square feet, 7 bedrooms and 5.5 baths, there’s plenty of space to enjoy all it has to offer! The main floor features and open floor plan, beautiful hardwood flooring and a full master suite. Cozy up with a book in from of the living room fireplace surrounded by floor to ceiling bookcases or play chef in the well-appointed kitchen - recently upgraded with a SubZero refrigerator, farmhouse sink and top of the line Waterstone pull-down faucets. Family and guests alike will naturally gather around the large island where loads of natural light reflect off of the gorgeous quartzite countertops - striking a beautiful contrast to the surrounding l herringbone backsplash. No detail or amenity has been forgotten like custom gas lanterns adorning the front and back entrances, a 1,500 square foot 4-car garage with epoxy flooring, & outdoor lakefront entertaining space. No carpool lines, either!

Last Agent to Sell the Property

Gene Darden

Real Broker LLC Listed on: 02/12/2022

Co-Listed By

Victoria Upton

Keller Williams Realty Vestavia

Last Buyer's Agent

Michelle Creamer

ARC Realty Vestavia-Liberty Pk

ARC Realty Vestavia-Liberty Pk

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,272

Year Built

  • Built in 1998

Lot Details

  • 0.54 Acre Lot
  • 100 Feet of Waterfront
  • Cul-De-Sac
  • Corner Lot
  • Sprinkler System
  • Few Trees

HOA Fees

  • $127 Monthly HOA Fees

Parking

  • 4 Car Garage
  • Basement Garage
  • Garage on Main Level
  • Side Facing Garage
  • Driveway
  • On-Street Parking

Home Design

  • Ridge Vents on the Roof
  • Wood Siding
  • Four Sided Brick Exterior Elevation
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2-Story Property
  • Central Vacuum
  • Sound System
  • Crown Molding
  • Smooth Ceilings
  • Cathedral Ceiling
  • Recessed Lighting
  • Wood Burning Fireplace
  • Self Contained Fireplace Unit Or Insert
  • Fireplace With Gas Starter
  • Stone Fireplace
  • Double Pane Windows
  • Dining Room
  • Home Theater
  • Den with Fireplace
  • Workshop
  • Sauna
  • Lake Views
  • Attic

Kitchen

  • Convection Oven
  • Gas Oven
  • Gas Cooktop
  • Warming Drawer
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone
  • Concrete
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Sink Near Laundry
  • Washer and Gas Dryer Hookup

Finished Basement

  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Laundry in Basement
  • Natural lighting in basement

Home Security

  • Safe Room
  • Home Security System

Eco-Friendly Details

  • ENERGY STAR/CFL/LED Lights

Outdoor Features

  • In Ground Pool
  • Swimming Allowed
  • Lake Property
  • Balcony
  • Covered Deck
  • Covered Patio or Porch
  • Exterior Lighting
  • Outdoor Grill

Schools

  • Vestavia-Liberty Park Elementary School
  • Liberty Park Middle School
  • Vestavia Hills High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 27-00-07-4-006-003.000

Community Details

Overview

  • Association fees include common grounds mntc, management fee
  • Liberty Park HOA, Phone Number (205) 945-6401

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Community Boat Launch
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,272

Year Built

Built in 1998

Lot Details

0

HOA Fees

$127 per month

Parking

4

Listing Details

  • Class: RESIDENTIAL
  • Property Access: Curb and Gutters, Paved Road, Public Road
  • Down Payment Assistance: No
  • Living Area: 4004
  • Legal Description: LOT 26 VESTLAKE VILLAGE 4TH SECTOR PHASE 1 PB 188 PG 9
  • Number Levels: 2+ Story
  • Property Type: Single Family
  • Termite Company Name: Waynes
  • Termite Contract: Yes
  • Year Built Description: Existing
  • Year Built: 1998
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1998

Interior Features

  • Interior Amenities: Central Vacuum, Home Theater, Multiple Staircases, Recess Lighting, Safe Room/Storm Cellar, Sauna/Spa (INT), Security System, Sound System, Textured Walls, Workshop (INT)
  • Fireplace Details: Gas Starter, Insert, Stone (FIREPL)
  • Fireplace Location: Den (FIREPL)
  • Fireplace Type: Woodburning
  • Floors: Carpet, Concrete, Hardwood, Stone Floor, Tile Floor
  • Number Fireplaces: 1
  • Bedroom/Bathroom Features: Jetted Tub, Linen Closet, Separate Shower, Separate Vanities, Tub/Shower Combo, Walk-In Closets, Dressing Room
  • Bedrooms: 7
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6
  • Concatenated Rooms: |Living1|DiningRoom1|Kitchen1|MasterBR1|MasterBath1|HalfBath1|Bedroom2|Bedroom2|Bedroom2|Bedroom2|Bedroom2|FullBath2|FullBath2|BedroomB|FullBathB|
  • Room 1: Living, On Level: 1
  • Room 2: Dining Room, On Level: 1
  • Room 3: Kitchen, On Level: 1
  • Room 4: Master Bedroom, On Level: 1
  • Room 5: Master Bath, On Level: 1
  • Room 6: Half Bath, On Level: 1
  • Room 7: Bedroom, On Level: 2
  • Room 8: Bedroom, 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: Full Bath, On Level: 2
  • Room 14: Bedroom, On Level: B
  • Room 15: Full Bath, On Level: B
  • Basement Rooms: Bedroom (LVL BSMT), Full Bath (LVL BSMT)
  • Rooms Level 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+)
  • Basement Style: Full Basement
  • Basement Style II: All Finished
  • Basement Style III: Daylight Basement, Poured Concrete Walls
  • Kitchen Countertops: Stone (KIT)
  • Kitchen Equipment: Convection Oven, Cooktop-Gas, Dishwasher Built-In, Disposal, Microwave Built-In, Oven-Electric, Oven-Gas, Self-Cleaning, Plumbed for Gas in Kit, Refrigerator, Some Stainless Appl, Warming Drawer
  • Kitchen Features: Eating Area, Island, Pantry
  • Laundry: Yes
  • Laundry Dryer Hookup: Dryer -Gas
  • Laundry Features: Utility Sink, Washer Hookup
  • Laundry Location: Laundry (BSMT)
  • Laundry Space: Room
  • Attic: Yes
  • Attic Type: Walk-In
  • Basement Finished Sq Ft: 1075
  • Main Level Sq Ft: 2404
  • Upper Level Sq Ft: 1600

Exterior Features

  • Patio: Yes
  • Waterfront Name: REYNOLDS LAKE
  • Construction: 4 Sides Brick, Concrete/Block, Siding-Wood, Stone (CONST)
  • Decks: Yes
  • Decks Type: Covered (DECK), Open (DECK)
  • Exterior Features: Balcony, Grill, Lighting System, Sprinkler System, Porch
  • Foundation: Basement
  • Patio Type: Covered - (PATIO)
  • Pool: Yes
  • Pool Features: In-Ground
  • Pool: Community
  • Waterfront: Yes
  • Waterfront Frontage: 100
  • Water Heater: Gas (WTRHTR)

Garage/Parking

  • Garage Entry Location: Side
  • Number Total Garage Spaces: 4
  • Parking Features: Basement Parking, Driveway Parking, Lower Level, Parking (MLVL), On Street Parking

Utilities

  • Heating: 3+ Systems (HEAT), Central (HEAT), Forced Air, Gas Heat
  • Cooling: 3+ Systems (COOL), Central (COOL), Dual Systems (COOL), Electric (COOL)
  • Sewer/Septic System: Connected
  • Underground Utils: Yes
  • Water: Public Water
  • HVAC Area: 5079

Condo/Co-op/Association

  • Amenities: BBQ Area, Boat Launch, Boats-Non Motor Only, Clubhouse, Fishing, Playgound, Private Lake, Sidewalks, Street Lights, Swimming Allowed, Tennis Courts
  • Association Fee: Yes
  • Association Fee: 1525
  • Association Fee Per: Yearly
  • HOA Management Company: Liberty Park HOA
  • Hoa Phone: 205-945-6401

Fee Information

  • Fees Include: Common Grounds Mntc, Management Fee

Lot Info

  • Assessor Parcel Number: 27-00-07-4-006-003.000
  • Lot Description: Corner Lot, Cul-de-sac, Some Trees, Subdivision
  • Lot View: Yes
  • Lot View Type: Lake/Water View
  • Number Acres: 0.54

Green Features

  • Energy Green Features: Doub Paned Windows, LED Lighting, Programmable Thermostat, Ridge Vent

Tax Info

  • Tax District: VESTAVIA HILLS
  • Annual Tax: 5272

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2022
Closed on
Apr 25, 2022
Sold by
Upton Susan
Bought by
Ferris Jeremy and Ferris Chelsea
Seller's Agent
Gene Darden
Real Broker LLC
Buyer's Agent
Michelle Creamer
ARC Realty Vestavia-Liberty Pk
List Price
$1,200,000
Sold Price
$1,080,000
Premium/Discount to List
-$120,000
-10%
Current Estimated Value
$1,133,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,431
Avg. Annual Appreciation
1.39%
Original Mortgage
$680,000
Outstanding Balance
$637,127
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$496,304

Purchase Details

Closed on
Oct 9, 1998
Sold by
Land Developers Construction Company Inc
Bought by
Upton Susan
Source: Public Records

Range of Values:

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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
Ferris Jeremy $1,080,000 --
Upton Susan $613,921 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ferris Jeremy $680,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2022 04/25/22 Sold $1,080,000 -6.1% $213 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
03/07/2022 03/07/22 Price Changed $1,150,000 -4.2% $226 / Sq Ft
02/12/2022 02/12/22 For Sale $1,200,000 -- $236 / 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 $8,690 $102,340 -- --
2022 $5,610 $60,570 $15,200 $45,370
2021 $5,410 $59,000 $15,200 $43,800
2020 $5,272 $57,500 $18,390 $39,110
2019 $7,261 $78,980 $0 $0
2018 $7,212 $78,460 $0 $0
2017 $7,157 $77,860 $0 $0
2016 $6,933 $75,440 $0 $0
2015 $6,933 $75,440 $0 $0
2014 $6,834 $73,140 $0 $0
2013 $6,834 $73,140 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Gene Darden

    Seller's Agent in 2022

    Gene Darden

    Real Broker LLC

    (205) 426-1113

    3 in this area

    109 Total Sales

    Gene Darden
    Section Image

  • V

    Seller Co-Listing Agent in 2022

    Victoria Upton

    Keller Williams Realty Vestavia

    Section Image
  • Michelle Creamer

    Buyer's Agent in 2022

    Michelle Creamer

    ARC Realty Vestavia-Liberty Pk

    (205) 999-8164

    212 in this area

    301 Total Sales

    Michelle Creamer
    Section Image
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Map

Source: Greater Alabama MLS

MLS Number: 1310796

Greater Alabama MLS

APN: 27-00-07-4-006-003.000

Alabama Jefferson County Vestavia 35242 Cahaba Heights

532 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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