NOT LISTED FOR SALE

5501 Avenue P Birmingham, AL 35208

Central Park Neighborhood

Estimated Value: $37,000 - $90,000

2 Beds
1.5 Baths
1,296 Sq Ft
$54/Sq Ft Est. Value

Last Sold December 21, 2023

Last sale price $30,000 $23 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $449/month

40 Days on Market

Highlights

  • Wood Flooring
  • Home Office
  • Laundry Room
  • Solid Surface Countertops
  • Fenced Yard

About This Home

As of December 2023

Great investment opportunity! Been used for storage for a local non-profit for years. Two-story on a corner lot with flat/fenced yard. Potential rent is over $850/month. Vinyl siding with metal roof.

Last Agent to Sell the Property

Andrew Hancock

Keller Williams Realty Vestavia Listed on: 10/25/2023

Keller Williams Realty Vestavia

Last Buyer's Agent

Amanda Dabbs

RealtySouth-MB-Crestline

RealtySouth-MB-Crestline

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 6,534 Sq Ft Lot
  • Fenced Yard

Parking

  • On-Street Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Home Office
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

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

Schools

  • Central Park Elementary School
  • Green Acres Middle School
  • Jackson-Olin High School

Utilities

  • Window Unit Cooling System
  • Window Unit Heating System

Listing and Financial Details

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Down Payment Assistance: Yes
  • Down Payment Assistance URL: https://www.workforce-resource.com/dpr/listing/GALMLS/21368963?w=PubMLS
  • Living Area: 1296
  • Legal Description: LOT 1 BLK 3 MRS BETTIE RICKS ADD TO CENTRAL PARK
  • List Price per Sq Ft: 38.5
  • Number Levels: 2+ Story
  • Property Type: Single Family
  • Year Built Description: Existing
  • Year Built: 1940
  • Price Per Sq Ft: 23.15
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1940

Interior Features

  • Interior Amenities: Handiman Special
  • Floors: Hardwood
  • Bedroom/Bathroom Features: Tub/Shower Combo
  • Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Concatenated Rooms: |Living1|Kitchen1|Office1|Den1|HalfBath1|Bedroom2|Bedroom2|FullBath2|
  • Room 1: Living, On Level: 1
  • Room 2: Kitchen, On Level: 1
  • Room 3: Office/Study, On Level: 1
  • Room 4: Den/Family, On Level: 1
  • Room 5: Half Bath, On Level: 1
  • Room 6: Bedroom, On Level: 2
  • Room 7: Bedroom, On Level: 2
  • Room 8: Full Bath, On Level: 2
  • Rooms Level 1: Den/Family (LVL 1), Half Bath (LVL 1), Kitchen (LVL 1), Living (LVL 1), Office/Study (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: Concrete Block
  • Kitchen Countertops: Solid Surface
  • Laundry: Yes
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Washer Hookup
  • Laundry Location: Laundry (MLVL)
  • Laundry Space: Room
  • Main Level Sq Ft: 760
  • Upper Level Sq Ft: 536

Exterior Features

  • Construction: Siding-Vinyl
  • Exterior Features: Fenced Yard
  • Foundation: Basement

Garage/Parking

  • Parking Features: On Street Parking

Utilities

  • Heating: Window Unit (Heat)
  • Cooling: Window Units
  • Sewer/Septic System: Connected
  • Water: Public Water
  • HVAC Area: 1296

Schools

  • Elementary School: CENTRAL PARK
  • Middle School: GREEN ACRES
  • High School: JACKSON-OLIN

Lot Info

  • Assessor Parcel Number: 29-00-07-4-033-001.000
  • Number Acres: 0.15

Tax Info

  • Tax District: BIRMINGHAM

MLS Schools

  • Elementary School: CENTRAL PARK
  • High School: JACKSON-OLIN
  • Jr Middle School: GREEN ACRES

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2024
Sold by
Shaw Derek
Bought by
Maba Properties Llc
Current Estimated Value
$69,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Outstanding Balance
$108,216
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
-$32,131

Purchase Details

Closed on
Feb 22, 2024
Sold by
Wonder Book Work Inc
Bought by
Shaw Derek

Purchase Details

Listed on
Oct 25, 2023
Closed on
Dec 22, 2023
Sold by
Wonder Book Work Inc
Bought by
Shaw Derek
Seller's Agent
Andrew Hancock
Keller Williams Realty Vestavia
Buyer's Agent
Amanda Dabbs
RealtySouth-MB-Crestline
List Price
$59,900
Sold Price
$30,000
Premium/Discount to List
-$29,900
-49.92%
Views
161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
72.88%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Maba Properties Llc $76,100 None Listed On Document
Maba Properties Llc $76,100 --
Shaw Derek $30,000 --
Shaw Derek $30,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maba Properties Llc $108,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2023 12/21/23 Sold $30,000 -39.9% $23 / Sq Ft
12/04/2023 12/04/23 Pending -- -- --
11/13/2023 11/13/23 Price Changed $49,900 -16.7% $39 / Sq Ft
10/25/2023 10/25/23 For Sale $59,900 -- $46 / 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 -- $15,220 -- --
2022 $0 $11,800 $2,920 $8,880
2021 $0 $11,800 $2,920 $8,880
2020 $0 $11,800 $2,920 $8,880
2019 $0 $11,800 $0 $0
2018 $0 $10,520 $0 $0
2017 $0 $10,520 $0 $0
2016 $6 $9,380 $0 $0
2015 -- $10,520 $0 $0
2014 $1 $10,380 $0 $0
2013 $1 $10,380 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andrew Hancock

    Seller's Agent in 2023

    Andrew Hancock

    Keller Williams Realty Vestavia

    (205) 999-7508

    1 in this area

    193 Total Sales

    Andrew Hancock
    Section Image
  • Amanda Dabbs

    Buyer's Agent in 2023

    Amanda Dabbs

    RealtySouth

    (205) 746-8820

    23 in this area

    515 Total Sales

    Amanda Dabbs
    Section Image
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Map

Source: Greater Alabama MLS

MLS Number: 21368963

Greater Alabama MLS

APN: 29-00-07-4-033-001.000

Alabama Jefferson County Birmingham 35208 Central Park

5501 Avenue P, Birmingham, AL

This home is located at 5501 Avenue P, Birmingham, AL 35208 since 25 October 2023 and is currently estimated at $69,712, approximately $53 per square foot. This property was built in 1940. 5501 Avenue P is a home located in Jefferson County with nearby schools including Central Park Elementary School, Green Acres Middle School, and Jackson-Olin High School.

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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