NOT LISTED FOR SALE

556 Elder St Irondale, AL 35210

Estimated Value: $420,000 - $777,015

10 Beds
9 Baths
4,480 Sq Ft
$119/Sq Ft Est. Value

Last Sold December 09, 2022

Last sale price $375,000 $84 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,272/month

132 Days on Market

Highlights

  • Storage
  • Central Heating and Cooling System
  • Wall to Wall Carpet
  • Shades Valley High School Rated A-
  • Garage

About This Home

As of December 2022

Primary residence or investment! Duplex located on the border of Mountain Brook and Irondale. Next to Flora Johnston Nature Park and Retreat at Mountain Brook, 5 min drive to Mountain Brook and Irondale shopping centers, and quick access to I-20 for convenient commute to anywhere. Selling both units together, duplex is on two separate tax lots: 554 and 556 Elder. In total, approximately 4480 sq feet of finished space on just under half an acre of gently slopped land. Left side unit: 7 bedrooms and 4.5 baths. Right side unit: 3 beds and 2.5 baths. Both units are clean and feature a fireplace in living room and large deck overlooking forested green space. Each residence has separate front and back entrances, and separate stairs that lead to a shared unfinished basement. There is a bathroom and jacuzzi in the basement, and tons of extra unfinished storage space. Two separate garage doors with ability to park up to ~4 cars inside. There is also plenty of paved off street parking.

Last Agent to Sell the Property

Matthew Bingham

eXp Realty, LLC Central Listed on: 06/15/2022

eXp Realty, LLC Central

Last Buyer's Agent

Jason Pate

RealtySouth-OTM-Acton Rd

RealtySouth-OTM-Acton Rd

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 9,017

Parking

  • Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Brick Frame
  • Frame Construction
  • Siding

Interior Spaces

  • Storage
  • Partially Finished Basement
  • Partial Basement

Flooring

  • Wall to Wall Carpet
  • Vinyl

Schools

  • Irondale Elementary And Middle School
  • Shades Valley High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Gross Income $26,400

Listing and Financial Details

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Down Payment Assistance: Yes
  • Down Payment Assistance URL: https://www.workforce-resource.com/dpr/listing/GALMLS/1324081?w=PubMLS
  • Property Type: Duplex
  • Year Built Description: Existing
  • Year Built: 1973
  • Price Per Sq Ft: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1973

Interior Features

  • Floors: Vinyl, Wall-to-Wall Carpet
  • Basement Style: Partial Basement
  • Basement Finished: Partially Finished
  • Miscellaneous: Handyman Special, Storage

Exterior Features

  • Construction: Brick, Brick and Frame, Frame, Siding
  • Foundation: Basement
  • Water Heater: Individual Control

Garage/Parking

  • Parking: 2 Spaces per Unit, Garage

Utilities

  • Heating: Central Control (HEAT), Gas Heat
  • Cooling: Central Control (COOL)
  • Sewer/Septic System: Connected
  • Water: Public Water

Condo/Co-op/Association

  • Total Units: 1

Schools

  • Elementary School: IRONDALE
  • Middle School: IRONDALE
  • High School: SHADES VALLEY

Lot Info

  • Assessor Parcel Number: 23-00-35-1-001-026.001

Rental Info

  • Tenant Pays: All Utilities (TENANT)

Tax Info

  • Tax District: IRONDALE
  • Annual Tax: 5660

Multi Family

  • Gross Income: 26400

MLS Schools

  • Elementary School: IRONDALE
  • High School: SHADES VALLEY
  • Jr Middle School: IRONDALE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2022
Closed on
Dec 9, 2022
Sold by
Mekdad Mohamed H
Bought by
Miller Andrew and Miller Brittany
Seller's Agent
Matthew Bingham
eXp Realty, LLC Central
Buyer's Agent
Jason Pate
RealtySouth-OTM-Acton Rd
List Price
$375,000
Sold Price
$375,000
Current Estimated Value
$532,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,254
Avg. Annual Appreciation
13.48%
Original Mortgage
$363,298
Outstanding Balance
$353,118
Interest Rate
6.95%
Estimated Equity
$179,136
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
Miller Andrew $370,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Andrew $363,298
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2022 12/09/22 Sold $375,000 0.0% $84 / Sq Ft
10/30/2022 10/30/22 Pending -- -- --
10/30/2022 10/30/22 For Sale $375,000 0.0% $84 / Sq Ft
10/25/2022 10/25/22 Off Market $375,000 -- --
09/09/2022 09/09/22 Price Changed $375,000 -11.8% $84 / Sq Ft
06/20/2022 06/20/22 For Sale $425,000 -- $95 / 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 $5,248 $83,840 -- --
2022 $4,321 $76,340 $8,600 $67,740
2021 $4,002 $70,700 $8,600 $62,100
2020 $3,788 $66,920 $8,600 $58,320
2019 $3,149 $55,640 $0 $0
2018 $2,170 $38,340 $0 $0
2017 $2,096 $37,040 $0 $0
2016 $2,023 $35,740 $0 $0
2015 $2,023 $35,740 $0 $0
2014 $1,011 $17,080 $0 $0
2013 $1,011 $17,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Alabama MLS

MLS Number: 1324081

Greater Alabama MLS

APN: 23-00-35-1-001-026.001