NOT LISTED FOR SALE

551 Drake Ave Bessemer, AL 35020

Estimated Value: $269,000 - $410,000

4 Beds
3 Baths
5,600 Sq Ft
$64/Sq Ft Est. Value

Last Sold December 04, 2023

Last sale price $380,000 $68 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $2,305/month

38 Days on Market

Highlights

  • Barn
  • 3 Acre Lot
  • Covered Deck
  • Safe Room
  • Fireplace in Primary Bedroom
  • Wood Flooring

About This Home

As of December 2023

If you are looking for a Country Style Home with city conveniences this one is for you. It has 3 beautiful acres of pasture land that would be great for horses or any kind of animal you choose. This home has been very well maintained and immaculately kept through out. It has the covered front porch that is 80 ft long and a covered deck on the back. There is a large great room w/fireplace and a separate dining room off the front foyer as you enter into this home. The country style kitchen is very big w/an island and all appliances remaining. It also has a large eating area with a triple bay window. The master bedroom has a rock fireplace with gas logs and a big master bath w/separate tub & shower & a walk in closet for plenty of storage. There are 2 other large bedrooms and a full bath off of hall. The laundry room is more like a mud room off of kitchen that goes out to back deck. The upstairs is one big room that can be used in many ways. The bsmt has a bedroom, den and bath finished.

Last Agent to Sell the Property

Charlene Lockhart

RealtySouth-OTM-Acton Rd Listed on: 09/16/2023

RealtySouth-OTM-Acton Rd

Last Buyer's Agent

Debbie Burks

Keller Williams Realty Hoover

Keller Williams Realty Hoover

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $124

Year Built

  • Built in 1987

Lot Details

  • 3 Acre Lot
  • Fenced Yard
  • Few Trees

Parking

  • 2 Car Attached Garage
  • Basement Garage
  • Side Facing Garage
  • Driveway

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Ventless Fireplace
  • Gas Log Fireplace
  • Stone Fireplace
  • Window Treatments
  • Bay Window
  • Great Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Den
  • Play Room
  • Workshop
  • Walkup Attic

Kitchen

  • Stove
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Butcher Block Countertops

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Split Vanities
  • Bathtub and Shower Combination in Primary Bathroom
  • Separate Shower
  • Linen Closet In Bathroom

Laundry

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

Basement

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

Home Security

  • Safe Room
  • Storm Doors

Outdoor Features

  • Covered Deck
  • Porch

Schools

  • Mcadory Elementary And Middle School
  • Mcadory High School

Farming

  • Barn
  • Pasture

Utilities

  • Window Unit Cooling System
  • Two Heating Systems
  • Space Heater
  • Window Unit Heating System
  • Heat Pump System
  • Gas Water Heater
  • Septic Tank

Community Details

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$124

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Down Payment Assistance: Yes
  • Down Payment Assistance URL: https://www.workforce-resource.com/dpr/listing/GALMLS/21365774?w=PubMLS
  • Living Area: 4180
  • Legal Description: COM NW COR OF NE4 OF NW4 SEC 28 TP 19S R 4W TH S 225 FT TO POB CONT S 302.4 FT E 360.6 FT N 437.6 FT NW 51.9 FT NW 33.5 FT WLY 98.1 FT S 210 FT W 210 FT TO POB
  • Fire District: Eastern Valley Volunteer Fire & Rescue*
  • List Price per Sq Ft: 95.45
  • Number Levels: 2+ Story
  • Property Type: Single Family
  • Termite Company Name: Guaranty Pest Control
  • Termite Contract: Yes
  • Year Built Description: Existing
  • Year Built: 1987
  • Price Per Sq Ft: 67.86
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1987

Interior Features

  • Interior Amenities: Bay Window, Safe Room/Storm Cellar, Workshop (INT)
  • Fireplace Details: Stone (FIREPL), Ventless, Gas Logs
  • Fireplace Location: Great Room (FIREPL), Master Bedroom (FIREPL)
  • Fireplace Type: Gas (FIREPL)
  • Floors: Carpet, Hardwood, Hardwood Laminate, Tile Floor
  • Number Fireplaces: 2
  • Windows Treatments: All
  • Bedroom/Bathroom Features: Linen Closet, Separate Shower, Separate Vanities, Tub/Shower Combo, Walk-In Closets
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Concatenated Rooms: |GreatRoom1|DiningRoom1|Kitchen1|Laundry1|MasterBR1|MasterBath1|Bedroom1|Bedroom1|FullBath1|Den2|Play/Rec2|BedroomB|FullBathB|DenB|
  • Room 1: Great Room, On Level: 1
  • Room 2: Dining Room, On Level: 1
  • Room 3: Kitchen, On Level: 1
  • Room 4: Laundry, On Level: 1
  • Room 5: Master Bedroom, On Level: 1
  • Room 6: Master Bath, On Level: 1
  • Room 7: Bedroom, On Level: 1
  • Room 8: Bedroom, On Level: 1
  • Room 9: Full Bath, On Level: 1
  • Room 10: Den/Family, On Level: 2
  • Room 11: Play/Rec, On Level: 2
  • Room 12: Bedroom, On Level: B
  • Room 13: Full Bath, On Level: B
  • Room 14: Den/Family, On Level: B
  • Basement Rooms: Bedroom (LVL BSMT), Den/Family (LVL BSMT), Full Bath (LVL BSMT)
  • Rooms Level 1: Bedroom (LVL 1), Dining Room (LVL 1), Full Bath (LVL 1), Great Room (LVL 1), Kitchen (LVL 1), Laundry (LVL 1), Master Bath (LVL 1), Master Bedroom (LVL 1)
  • Rooms Level 2 Plus: Den/Family (LVL 2+), Play/Rec (LVL 2+)
  • Basement Style: Full Basement
  • Basement Style II: Both Fin and Unfin
  • Basement Style III: Concrete Block
  • Kitchen Countertops: Butcher Block
  • Kitchen Equipment: Dishwasher Built-In, Ice Maker Built-In, Refrigerator, Some Stainless Appl, Stove-Electric
  • Kitchen Features: Eating Area, Island
  • Laundry: Yes
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Utility Sink, Washer Hookup
  • Laundry Location: Laundry (MLVL)
  • Laundry Space: Room
  • Attic: Yes
  • Attic Type: Walk-Up
  • Basement Finished Sq Ft: 1420
  • Unfinished Basement Sq Ft: 670
  • Main Level Sq Ft: 2090
  • Upper Level Sq Ft: 2090

Exterior Features

  • Construction: Brick Over Foundation, Siding-Other
  • Decks: Yes
  • Decks Type: Covered (DECK)
  • Exterior Features: Barn, Fenced Yard, Porch
  • Foundation: Basement
  • Water Heater: Gas (WTRHTR)

Garage/Parking

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

Utilities

  • Heating: Dual Systems (HEAT), Heat Pump (HEAT), Space Heaters, Window Unit (Heat)
  • Cooling: Heat Pump (COOL), Window Units
  • Sewer/Septic System: Septic
  • Water: Public Water
  • HVAC Area: 5600

Fee Information

  • Fire Fee: Yes
  • Fire Fee Amount: 125
  • Fire Fee Per: Yearly
  • Garbage Fee: Yes
  • Garbage Fee Amount: 77
  • Garbage Fee Per: Quarterly

Schools

  • Elementary School: MCADORY
  • Middle School: MCADORY
  • High School: MCADORY

Lot Info

  • Assessor Parcel Number: 38-00-28-2-001-001.001
  • Lot Description: Acreage, Pasture, Some Trees
  • Number Acres: 3

Green Features

  • Energy Green Features: Ceiling Fans, Storm Door

Tax Info

  • Tax District: COUNTY
  • Annual Tax: 124

MLS Schools

  • Elementary School: MCADORY
  • High School: MCADORY
  • Jr Middle School: MCADORY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2023
Closed on
Dec 4, 2023
Sold by
Busby Teresa T
Bought by
Scott Morris and Scott Cassie
Seller's Agent
Charlene Lockhart
RealtySouth-OTM-Acton Rd
Buyer's Agent
Debbie Burks
Keller Williams Realty Hoover
List Price
$485,900
Sold Price
$380,000
Premium/Discount to List
-$105,900
-21.79%
Views
117
Current Estimated Value
$359,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,204
Avg. Annual Appreciation
-1.36%
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
Scott Morris $380,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Busby Teresa L $37,000
Previous Owner Busby Tommy B $36,500
Previous Owner Busby Tommy B $18,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2023 12/04/23 Sold $380,000 -4.8% $68 / Sq Ft
09/20/2023 09/20/23 Price Changed $399,000 -17.9% $71 / Sq Ft
09/16/2023 09/16/23 For Sale $485,900 -- $87 / 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 -- $18,000 -- --
2022 $0 $13,810 $2,460 $11,350
2021 $124 $12,420 $2,460 $9,960
2020 $124 $12,420 $2,460 $9,960
2019 $124 $12,420 $0 $0
2018 $144 $14,420 $0 $0
2017 $602 $14,420 $0 $0
2016 $693 $14,900 $0 $0
2015 $669 $14,420 $0 $0
2014 $786 $13,880 $0 $0
2013 $786 $13,880 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Alabama MLS

MLS Number: 21365774

Greater Alabama MLS

APN: 38-00-28-2-001-001.001