NOT LISTED FOR SALE

5501 Lakes Edge Dr Birmingham, AL 35242

Estimated Value: $603,000 - $785,000

4 Beds
3.5 Baths
4,200 Sq Ft
$170/Sq Ft Est. Value

Last Sold January 10, 2020

Last sale price $510,000 $121 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,181/month

Highlights

  • Water Access
  • In Ground Pool
  • Gated Community
  • Greystone Elementary School Rated A
  • Fishing
  • Lake View

About This Home

As of January 2020

Enjoy living at Greystone Farms with lake views, walking paths, community pool and clubhouse! Gated Community. Award Winning Hoover Schools. A Must See! Well maintained and shows like a dream! Open floorplan with great room and formal dining room. Favorite Chef's Delight! A Taste of Heaven while cooking in this gourmet kitchen! Huge island with lots of storage. Double-oven with convection and separate 5-eye gas cooktop. Corian countertops, pantry, built-in dishwasher and microwave. Half Bath and private master bedroom suite on the main. Master bath has two walk-in closets, separate vanities, double shower plus garden tub. Upstairs includes 2 bedrooms/jack and jill bath plus walk-in attic. Basement includes bedroom, office, and den and full bath. Immaculate landscape with sprinkler system. Open deck and covered patio. Lots of updates. 2017-Kitchen appliances. 2019-Main level HVAC. 2009-Upstairs HVAC. 2010-New Roof. 2014-Garbage Disposal. Located next to lakefront views! Welcome Home!

Last Agent to Sell the Property

Jane Grace

Epique Inc Listed on: 11/10/2019

Epique Inc

Last Buyer's Agent

Carolyn Ramey

ARC Realty 280

ARC Realty 280

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,600

Year Built

  • Built in 2000

Lot Details

  • 10,454 Sq Ft Lot
  • Corner Lot
  • Sprinkler System
  • Few Trees

HOA Fees

  • $67 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1.5-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • Gas Log Fireplace
  • Double Pane Windows
  • Window Treatments
  • Insulated Doors
  • Great Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Home Office
  • Lake Views
  • Home Security System
  • Attic

Kitchen

  • Double Oven
  • Gas Cooktop
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Split Vanities
  • Double Shower
  • Garden Bath

Laundry

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

Finished Basement

  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Natural lighting in basement

Outdoor Features

  • In Ground Pool
  • Water Access
  • Lake Property
  • Deck
  • Covered Patio or Porch

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Two Heating Systems
  • Underground Utilities
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 03-8-34-0-004-001.000

Community Details

Overview

  • Association fees include common grounds mntc, management fee, utilities for comm areas
  • Premier Property Association, Phone Number (205) 403-8787

Recreation

  • Community Pool
  • Fishing
  • Trails

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,600

Year Built

Built in 2000

Lot Details

0

HOA Fees

$67 per month

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Access: Curb and Gutters, Paved Road
  • Living Area: 3078
  • Legal Description: Greystone Farms Lakes Edge Sector Amended Lot 1
  • List Price per Sq Ft: 175.41
  • Number Levels: 1.5-Story
  • Property Type: Single Family
  • Year Built Description: Existing
  • Year Built: 2000
  • Price Per Sq Ft: 121.43
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2000

Interior Features

  • Interior Amenities: Recess Lighting, Security System, Split Bedroom
  • Fireplace Details: Gas Starter, Gas Logs
  • Fireplace Location: Great Room (FIREPL)
  • Fireplace Type: Gas (FIREPL)
  • Floors: Carpet, Hardwood, Tile Floor
  • Number Fireplaces: 1
  • Windows Treatments: Some to Remain
  • Bedroom/Bathroom Features: Double Shower, Garden Tub, Separate Vanities, Split Bedrooms, Walk-In Closets
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Concatenated Rooms: |GreatRoom1|DiningRoom1|BrkfastRM1|HalfBath1|MasterBath1|MasterBath1|Laundry1|Bedroom2|FullBath2|Bedroom2|BedroomB|DenB|OfficeB|
  • Room 1: Great Room, On Level: 1
  • Room 2: Dining Room, On Level: 1
  • Room 3: Breakfast Room, On Level: 1
  • Room 4: Half Bath, On Level: 1
  • Room 5: Master Bath, On Level: 1
  • Room 6: Master Bath, On Level: 1
  • Room 7: Laundry, On Level: 1
  • Room 8: Bedroom, On Level: 2
  • Room 9: Full Bath, On Level: 2
  • Room 10: Bedroom, On Level: 2
  • Room 11: Bedroom, On Level: B
  • Room 12: Den/Family, On Level: B
  • Room 13: Office/Study, On Level: B
  • Basement Rooms: Bedroom (LVL BSMT), Den/Family (LVL BSMT), Office/Study (LVL BSMT)
  • Rooms Level 1: Breakfast Room (LVL 1), Dining Room (LVL 1), Great Room (LVL 1), Half Bath (LVL 1), Laundry (LVL 1), Master Bath (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: Solid Surface
  • Kitchen Equipment: Cooktop-Gas, Dishwasher Built-In, Microwave Built-In, Self-Cleaning, Double Oven, Some Stainless Appl
  • Kitchen Features: Island, Pantry
  • Laundry: Yes
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Washer Hookup
  • Laundry Location: Laundry (MLVL)
  • Laundry Space: Room
  • Attic: Yes
  • Attic Type: Walk-In
  • Basement Finished Sq Ft: 1122
  • Main Level Sq Ft: 2088
  • Upper Level Sq Ft: 990

Exterior Features

  • Patio: Yes
  • Construction: 4 Sides Brick
  • Decks: Yes
  • Decks Type: Open (DECK)
  • Exterior Features: Sprinkler System
  • Foundation: Basement
  • Patio Type: Covered - (PATIO)
  • Pool: Yes
  • Pool Features: In-Ground
  • Pool: Community
  • Water Heater: Gas (WTRHTR)

Garage/Parking

  • Garage Entry Location: Front
  • Number Garage Spaces Main Lvl: 2
  • Number Total Garage Spaces: 2
  • Parking Features: Attached, Driveway Parking, Off Street Parking

Utilities

  • Heating: Central (HEAT), Dual Systems (HEAT)
  • Cooling: Central (COOL), Dual Systems (COOL)
  • Sewer/Septic System: Connected
  • Underground Utils: Yes
  • Water: Public Water
  • HVAC Area: 4200

Condo/Co-op/Association

  • Amenities: Clubhouse, Fishing, Gate Entrance/Comm, Private Lake, Sidewalks, Street Lights, Walking Paths, Water Access
  • Association Fee: Yes
  • Association Fee: 799
  • Association Fee Per: Yearly
  • HOA Management Company: Premier Property
  • Hoa Phone: 205-403-8787

Fee Information

  • Fees Include: Common Grounds Mntc, Management Fee, Utilities for Comm Areas
  • Garbage Fee: Yes
  • Garbage Fee Amount: 40
  • Garbage Fee Per: Quarterly
  • Library Fee: Yes
  • Library Fee Amount: 15
  • Library Fee Per: Yearly

Schools

  • Elementary School: GREYSTONE
  • Middle School: BERRY
  • High School: HOOVER

Lot Info

  • Assessor Parcel Number: 03-8-34-0-004-001.000
  • Lot Description: Corner Lot, Some Trees, Subdivision
  • Lot View: Yes
  • Lot View Type: Lake/Water View
  • Number Acres: 0.24

Green Features

  • Energy Green Features: Ceiling Fans, Doub Paned Windows, Insulated Door

Tax Info

  • Tax District: HOOVER
  • Annual Tax: 2600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2019
Closed on
Jan 10, 2020
Sold by
Williams Frances P
Bought by
Ingram Denniss W and Ingram Janice
Seller's Agent
Jane Grace
Epique Inc
Buyer's Agent
Carolyn Ramey
ARC Realty 280
List Price
$559,900
Sold Price
$510,000
Premium/Discount to List
-$49,900
-8.91%
Current Estimated Value
$714,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,197
Avg. Annual Appreciation
5.99%
Original Mortgage
$270,000
Outstanding Balance
$238,556
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$475,641

Purchase Details

Closed on
Feb 1, 2000
Sold by
Greystone Lands Inc
Bought by
Williams William T and Williams Frances P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
8.02%

Purchase Details

Closed on
Jun 9, 1999
Sold by
Taylor Properties Llc
Bought by
Greystone Lands Inc
Source: Public Records

Range of Values:

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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
Ingram Denniss W $510,000 None Available
Williams William T $310,000 --
Greystone Lands Inc $55,000 Cahaba Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ingram Denniss W $270,000
Previous Owner Williams William T $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2020 01/10/20 Sold $510,000 -5.5% $121 / Sq Ft
11/21/2019 11/21/19 Price Changed $539,900 -3.6% $129 / Sq Ft
11/10/2019 11/10/19 For Sale $559,900 -- $133 / 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 $4,062 $61,080 $0 $0
2023 $3,237 $54,200 $0 $0
2022 $3,005 $50,340 $0 $0
2021 $2,795 $46,840 $0 $0
2020 $0 $45,560 $0 $0
2019 $0 $43,480 $0 $0
2017 $0 $45,880 $0 $0
2015 -- $43,380 $0 $0
2014 -- $40,220 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jane Grace

    Seller's Agent in 2020

    Jane Grace

    Epique Inc

    (205) 601-5115

    21 Total Sales

    Jane Grace
    Section Image
  • Carolyn Ramey

    Buyer's Agent in 2020

    Carolyn Ramey

    ARC Realty 280

    (205) 447-2537

    5 in this area

    52 Total Sales

    Carolyn Ramey
    Section Image
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Map

Source: Greater Alabama MLS

MLS Number: 867278

Greater Alabama MLS

APN: 03-8-34-0-004-001-000

Alabama Shelby County Birmingham 35242

5501 Lakes Edge Dr, Birmingham, AL

This home is located at 5501 Lakes Edge Dr, Birmingham, AL 35242 since 10 November 2019 and is currently estimated at $714,197, approximately $170 per square foot. This property was built in 2000. 5501 Lakes Edge Dr is a home located in Shelby County with nearby schools including Greystone Elementary School, Berry Middle School, and Spain Park 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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