NOT LISTED FOR SALE

551 Forest Lakes Dr Sterrett, AL 35147

Estimated Value: $355,000 - $365,000

4 Beds
2.5 Baths
2,629 Sq Ft
$138/Sq Ft Est. Value

Last Sold May 06, 2021

Last sale price $290,000 $110 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,106/month

1 Day on Market

Highlights

  • Fishing
  • Lake Property
  • Home Office
  • Chelsea Park Elementary School Rated A-
  • Attic
  • Stainless Steel Appliances

About This Home

As of May 2021

This is a spacious home at over 2,600 square feet (per tax record) and situated on a great, flat lot. This 2 story home has spacious living areas. The main level has a great kitchen, family room, dining room, half bath, and a study/office. Upstairs there are 4 bedrooms and 2 full baths plus a laundry room. The master suite is spacious and has a great master bath with a garden tub and separate shower. This home is move in ready with new interior paint throughout, new LVP flooring on the main level, new carpet upstairs, new stainless steel range and microwave in the kitchen, and new HVAC units installed 3/2021. So much space for the money! Call today to schedule a showing!

Last Agent to Sell the Property

Chad Beasley

eXp Realty, LLC Central Listed on: 04/01/2021

eXp Realty, LLC Central

Last Buyer's Agent

Genny Williams

eXp Realty, LLC Central

eXp Realty, LLC Central

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,030

Year Built

  • Built in 2002

Lot Details

  • 9,148 Sq Ft Lot
  • Interior Lot

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage on Main Level
  • Front Facing Garage

Home Design

  • Slab Foundation
  • Vinyl Siding
  • Three Sided Brick Exterior Elevation

Interior Spaces

  • 2-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • Wood Burning Fireplace
  • Self Contained Fireplace Unit Or Insert
  • Double Pane Windows
  • Family Room with Fireplace
  • Dining Room
  • Home Office
  • Laminate Flooring
  • Pull Down Stairs to Attic

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Laminate Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • Split Vanities
  • Garden Bath
  • Separate Shower

Laundry

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

Outdoor Features

  • Lake Property
  • Patio

Schools

  • Chelsea Park Elementary School
  • Chelsea Middle School
  • Chelsea High School

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include common grounds mntc, management fee, utilities for comm areas
  • $12 Other Monthly Fees

Recreation

  • Community Playground
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,030

Year Built

Built in 2002

Lot Details

0

HOA Fees

$17 per month

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Access: Public Road
  • Down Payment Assistance: Yes
  • Down Payment Assistance URL: https://www.workforce-resource.com/dpr/listing/GALMLS/1280497?w=PubMLS
  • Living Area: 2629
  • Legal Description: FOREST LAKES SECTOR 3 PH 1 LOT 205
  • List Price per Sq Ft: 108.41
  • Number Levels: 2+ Story
  • Property Type: Single Family
  • Termite Contract: Yes
  • Year Built Description: Existing
  • Year Built: 2002
  • Price Per Sq Ft: 110.31
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2002

Interior Features

  • Fireplace Details: Insert
  • Fireplace Location: Family Room (FIREPL)
  • Fireplace Type: Woodburning
  • Floors: Hardwood Laminate
  • Number Fireplaces: 1
  • Bedroom/Bathroom Features: Garden Tub, Separate Shower, Separate Vanities, Walk-In Closets
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Concatenated Rooms: |Den1|Kitchen1|DiningRoom1|HalfBath1|Office1|MasterBR2|MasterBath2|Bedroom2|Bedroom2|Bedroom2|FullBath2|
  • Room 1: Den/Family, On Level: 1
  • Room 2: Kitchen, On Level: 1
  • Room 3: Dining Room, On Level: 1
  • Room 4: Half Bath, On Level: 1
  • Room 5: Office/Study, On Level: 1
  • Room 6: Master Bedroom, On Level: 2
  • Room 7: Master Bath, On Level: 2
  • Room 8: Bedroom, On Level: 2
  • Room 9: Bedroom, On Level: 2
  • Room 10: Bedroom, On Level: 2
  • Room 11: Full Bath, On Level: 2
  • Rooms Level 1: Den/Family (LVL 1), Dining Room (LVL 1), Half Bath (LVL 1), Kitchen (LVL 1), Office/Study (LVL 1)
  • Rooms Level 2 Plus: Bedroom (LVL 2+), Full Bath (LVL 2+), Master Bath (LVL 2+), Master Bedroom (LVL 2+)
  • Kitchen Countertops: Laminate
  • Kitchen Equipment: Dishwasher Built-In, Microwave Built-In, Some Stainless Appl, Stove-Electric
  • Kitchen Features: Eating Area
  • Laundry: Yes
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Washer Hookup
  • Laundry Location: Laundry (UPLVL)
  • Laundry Space: Room
  • Attic: Yes
  • Attic Type: Pull-Down
  • Main Level Sq Ft: 1390
  • Upper Level Sq Ft: 1239

Exterior Features

  • Patio: Yes
  • Construction: 3 Sides Brick, Siding-Vinyl
  • Foundation: Slab
  • Patio Type: Open (PATIO)
  • Water Heater: Electric (WTRHTR)

Garage/Parking

  • Garage Entry Location: Front
  • Number Garage Spaces Main Lvl: 2
  • Number Total Garage Spaces: 2
  • Parking Features: Attached, Parking (MLVL)

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: 2629

Condo/Co-op/Association

  • Amenities: Fishing, Playgound, Private Lake, Sidewalks, Street Lights
  • Association Fee: Yes
  • Association Fee: 200
  • Association Fee Per: Yearly

Fee Information

  • Fees Include: Common Grounds Mntc, Management Fee, Utilities for Comm Areas
  • Garbage Fee: Yes
  • Garbage Fee Amount: 35
  • Garbage Fee Per: Quarterly

Schools

  • Elementary School: CHELSEA PARK
  • Middle School: CHELSEA
  • High School: CHELSEA

Lot Info

  • Assessor Parcel Number: 09-5-22-0-005-014.000
  • Lot Description: Interior Lot, Subdivision
  • Number Acres: 0.21

Green Features

  • Energy Green Features: Ceiling Fans, Doub Paned Windows

Tax Info

  • Tax District: CHELSEA
  • Annual Tax: 1030

MLS Schools

  • Elementary School: CHELSEA PARK
  • High School: CHELSEA
  • Jr Middle School: CHELSEA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2021
Closed on
May 6, 2021
Sold by
Champion Katie A
Bought by
Rigsby Dwayne J and Rigsby Holly Y
Seller's Agent
Chad Beasley
eXp Realty, LLC Central
Buyer's Agent
Genny Williams
eXp Realty, LLC Central
List Price
$285,000
Sold Price
$290,000
Premium/Discount to List
$5,000
1.75%
Current Estimated Value
$361,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,983
Avg. Annual Appreciation
5.25%
Original Mortgage
$232,000
Outstanding Balance
$173,123
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$188,860

Purchase Details

Closed on
May 6, 2016
Sold by
Champion Clinton T
Bought by
Champion Katie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,464
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 26, 2011
Sold by
Fannie Mae
Bought by
Champion Clinton T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,070
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 29, 2011
Sold by
Vanhousen Marc and Vanhousen Crissy
Bought by
Fannie Mae

Purchase Details

Closed on
Mar 29, 2006
Sold by
Alexander Demetrius C and Alexander Donna
Bought by
Vanhousen Marc and Vanhousen Crissy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,500
Interest Rate
6.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 7, 2003
Sold by
American Homes & Land Corp
Bought by
Alexander Demetrius C and Alexander Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,627
Interest Rate
5.29%
Mortgage Type
VA
Source: Public Records

Range of Values:

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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
Rigsby Dwayne J $290,000 None Available
Champion Katie A $140,000 None Available
Champion Clinton T $155,000 None Available
Fannie Mae $207,414 None Available
Vanhousen Marc $218,500 None Available
Alexander Demetrius C $190,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rigsby Dwayne J $85,000
Open Rigsby Dwayne J $232,000
Previous Owner Champion Katie A $137,464
Previous Owner Champion Clinton T $151,070
Previous Owner Vanhousen Marc $218,500
Previous Owner Alexander Demetrius C $196,627
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2021 05/06/21 Sold $290,000 +1.8% $110 / Sq Ft
04/01/2021 04/01/21 For Sale $285,000 -- $108 / 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 $1,582 $35,960 $0 $0
2023 $1,547 $36,080 $0 $0
2022 $1,341 $31,420 $0 $0
2021 $1,134 $26,700 $0 $0
2020 $1,030 $24,340 $0 $0
2019 $1,026 $24,240 $0 $0
2017 $989 $23,420 $0 $0
2015 $919 $21,820 $0 $0
2014 $873 $20,780 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chad Beasley

    Seller's Agent in 2021

    Chad Beasley

    eXp Realty, LLC Central

    (205) 401-2423

    120 in this area

    233 Total Sales

    Chad Beasley
    Section Image
  • Genny Williams

    Buyer's Agent in 2021

    Genny Williams

    eXp Realty, LLC Central

    (205) 223-1044

    17 in this area

    106 Total Sales

    Genny Williams
    Section Image
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Map

Source: Greater Alabama MLS

MLS Number: 1280497

Greater Alabama MLS

APN: 09-5-22-0-005-014-000

Alabama Shelby County Sterrett 35147

551 Forest Lakes Dr, Sterrett, AL

This home is located at 551 Forest Lakes Dr, Sterrett, AL 35147 since 01 April 2021 and is currently estimated at $361,983, approximately $137 per square foot. This property was built in 2002. 551 Forest Lakes Dr is a home located in Shelby County with nearby schools including Chelsea Park Elementary School, Chelsea Middle School, and Chelsea 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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