NOT LISTED FOR SALE

5524 Iceland Ave Birmingham, AL 35224

Sherman Heights Neighborhood

Estimated Value: $61,000 - $82,331

3 Beds
1 Bath
1,120 Sq Ft
$64/Sq Ft Est. Value

Last Sold April 04, 2023

Last sale price $54,900 $49 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $382/month

198 Days on Market

Highlights

  • Den
  • 1-Story Property
  • Central Heating and Cooling System
  • Laundry Room

About This Home

As of April 2023

Buyer flaked out before finalizing contract. Fantastic Real Estate Investment! 15.58% Cap Rate!!! Sold with tenant in place. Section 8 paying $825.00. Section 8 paying all the $825.00 3 Bedroom and 1 Bath. Basement available for expansion if finished out. 2 more bedrooms, den or storage and 1/2 bath in basement.

Last Agent to Sell the Property

Bryan Welch

REALTYNET Listed on: 07/22/2022

Last Buyer's Agent

Bryan Welch

REALTYNET Listed on: 07/22/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $563

Year Built

  • Built in 1950

Lot Details

  • 0.35 Acre Lot

Parking

  • Assigned Parking

Interior Spaces

  • 1,120 Sq Ft Home
  • 1-Story Property
  • Den
  • Laminate Flooring
  • Unfinished Basement
  • Partial Basement
  • Laminate Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

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

Schools

  • Minor Elementary School
  • Bottenfield Middle School
  • Minor High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$563

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Down Payment Assistance: Yes
  • Down Payment Assistance URL: https://www.workforce-resource.com/dpr/listing/GALMLS/1328766?w=PubMLS
  • Living Area: 1120
  • Legal Description: GARY ENSLEY 1ST ADD BK 1007 PG 121 BLK 8 LOT 15
  • List Price per Sq Ft: 49.02
  • Number Levels: 1-Story
  • Property Type: Single Family
  • Year Built Description: Existing
  • Year Built: 1950
  • Price Per Sq Ft: 49.02
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1950

Interior Features

  • Floors: Hardwood Laminate
  • Bedroom/Bathroom Features: Shared Bath
  • Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Concatenated Rooms: |Bedroom1|Bedroom1|Bedroom1|Den1|Kitchen1|FullBath1|
  • Room 1: Bedroom, On Level: 1
  • Room 2: Bedroom, On Level: 1
  • Room 3: Bedroom, On Level: 1
  • Room 4: Den/Family, On Level: 1
  • Room 5: Kitchen, On Level: 1
  • Room 6: Full Bath, On Level: 1
  • Rooms Level 1: Bedroom (LVL 1), Den/Family (LVL 1), Full Bath (LVL 1), Kitchen (LVL 1)
  • Basement Style: Partial Basement
  • Basement Style II: All Unfinished
  • Basement Style III: Concrete Block
  • Kitchen Countertops: Laminate
  • Laundry: Yes
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Utility Sink
  • Laundry Location: Laundry (MLVL)
  • Laundry Space: Room
  • Main Level Sq Ft: 1120

Exterior Features

  • Construction: Siding-Other
  • Foundation: Basement
  • Water Heater: Electric (WTRHTR)

Garage/Parking

  • Parking Features: Assigned

Utilities

  • Heating: Central (HEAT)
  • Cooling: Central (COOL)
  • Sewer/Septic System: Septic
  • Water: Public Water
  • HVAC Area: 1120

Schools

  • Elementary School: MINOR
  • Middle School: BOTTENFIELD
  • High School: MINOR

Lot Info

  • Assessor Parcel Number: 21-00-34-1-014-006.000
  • Lot Number: 15 & 16
  • Number Acres: 0.35

Tax Info

  • Tax District: BIRMINGHAM
  • Annual Tax: 563

MLS Schools

  • Elementary School: MINOR
  • High School: MINOR
  • Jr Middle School: BOTTENFIELD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2022
Closed on
Apr 5, 2023
Sold by
Fig Alabama Llc
Bought by
Onstark Llc
Seller's Agent
Bryan Welch
REALTYNET
Buyer's Agent
Bryan Welch
REALTYNET
List Price
$74,999
Sold Price
$54,900
Premium/Discount to List
-$20,099
-26.8%
Views
246
Current Estimated Value
$62,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,683
Avg. Annual Appreciation
4.49%

Purchase Details

Listed on
Jul 22, 2022
Closed on
Mar 30, 2023
Sold by
Harding Jeff
Bought by
Fig Alabama Llc
Seller's Agent
Bryan Welch
REALTYNET
Buyer's Agent
Bryan Welch
REALTYNET
List Price
$74,999
Sold Price
$54,900
Premium/Discount to List
-$20,099
-26.8%
Views
246

Purchase Details

Closed on
Sep 16, 2008
Sold by
Mooring Tax Asset Group Llc
Bought by
Harding Jeff

Purchase Details

Closed on
Nov 19, 2004
Sold by
Weems Stephanie Lanier
Bought by
First Properties Llc

Purchase Details

Closed on
Mar 26, 1999
Sold by
Gilbert Randell E
Bought by
Broaden William C and Broaden Antoinette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,510
Interest Rate
7.06%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 4, 1998
Sold by
Hud
Bought by
Gilbert Randell E
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
Onstark Llc $54,900 --
Fig Alabama Llc $47,500 --
Harding Jeff $9,000 None Available
First Properties Llc $1,465 --
Broaden William C -- --
Gilbert Randell E $20,660 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Broaden William C $57,510
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2023 04/04/23 Sold $54,900 0.0% $49 / Sq Ft
02/05/2023 02/05/23 Pending -- -- --
01/20/2023 01/20/23 Price Changed $54,900 -8.3% $49 / Sq Ft
11/03/2022 11/03/22 Price Changed $59,890 0.0% $53 / Sq Ft
09/13/2022 09/13/22 Price Changed $59,899 0.0% $53 / Sq Ft
08/11/2022 08/11/22 Price Changed $59,900 -7.7% $53 / Sq Ft
08/01/2022 08/01/22 Price Changed $64,900 -13.5% $58 / Sq Ft
08/01/2022 08/01/22 Price Changed $74,998 0.0% $67 / Sq Ft
07/22/2022 07/22/22 For Sale $74,999 -- $67 / 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 $489 $10,160 -- --
2022 $425 $8,480 $1,100 $7,380
2021 $563 $11,240 $1,100 $10,140
2020 $563 $11,240 $1,100 $10,140
2019 $563 $11,240 $0 $0
2018 $471 $9,400 $0 $0
2017 $471 $9,400 $0 $0
2016 $471 $9,400 $0 $0
2015 $471 $9,400 $0 $0
2014 $695 $9,240 $0 $0
2013 $695 $9,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bryan Welch

    Seller's Agent in 2023

    Bryan Welch

    REALTYNET

    (205) 529-8614

    5 in this area

    261 Total Sales

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Map

Source: Greater Alabama MLS

MLS Number: 1328766

Greater Alabama MLS

APN: 21-00-34-1-014-006.000

Alabama Jefferson County Birmingham 35224 Sherman Heights

5524 Iceland Ave, Birmingham, AL

This home is located at 5524 Iceland Ave, Birmingham, AL 35224 since 22 July 2022 and is currently estimated at $72,083, approximately $64 per square foot. This property was built in 1950. 5524 Iceland Ave is a home located in Jefferson County with nearby schools including Minor Community School, Minor Middle School, and Minor 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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