NOT LISTED FOR SALE

5586 Lake Trace Dr Birmingham, AL 35244

Estimated Value: $874,355

5 Beds
4.5 Baths
6,298 Sq Ft
$139/Sq Ft Est. Value

Last Sold February 02, 2024

Last sale price $790,000 $125 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,429/month

21 Days on Market

Highlights

  • Second Kitchen
  • In Ground Pool
  • Gated Community
  • Trace Crossings Elementary School Rated A
  • Fishing
  • Lake Property

About This Home

As of February 2024

Live your best life when you become the newest resident of the exclusive GATED Lake Trace neighborhood in Hoover. Showstopping features by the numbers include 20+ foot cathedral ceilings, 5 full bedrooms, 5 garages, 4.5 bathrooms, 4 fireplaces, 3 floors of thoughtfully designed space, 2 oversized driveways, 2 full kitchens, 2 living spaces, 2 laundry rooms and in need of 1 new owner...YOU! With space to spare, your new home has everything your heart desires. Gorgeous MARBLE & HARDWOOD floors, ENORMOUS primary suite with double sided fireplace, sunroom and keeping room, 3 bedrooms upstairs with loft and bonus room. Full basement boasts mother-in-law suite with secondary living room, kitchen, laundry room, bedroom, full bath, storage closets, fitness area, private garage, driveway and entry into home. Home sits on a corner lot great front and backyard. This is one you will have to see to believe!

Last Agent to Sell the Property

Jenn Saliba

Keller Williams Realty Hoover Listed on: 12/21/2023

Keller Williams Realty Hoover

Last Buyer's Agent

Holly Ingram

Keller Williams Realty Hoover

Keller Williams Realty Hoover

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,775

Year Built

  • Built in 2002

Lot Details

  • 0.61 Acre Lot
  • Corner Lot
  • Irregular Lot
  • Sprinkler System
  • Few Trees

HOA Fees

  • $149 Monthly HOA Fees

Parking

  • 5 Car Attached Garage
  • Basement Garage
  • Garage on Main Level
  • Side Facing Garage
  • Driveway

Home Design

  • Ridge Vents on the Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 2-Story Property
  • Central Vacuum
  • Crown Molding
  • Smooth Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • See Through Fireplace
  • Gas Log Fireplace
  • Fireplace in Hearth Room
  • Marble Fireplace
  • Double Pane Windows
  • Window Treatments
  • Great Room with Fireplace
  • 4 Fireplaces
  • Dining Room
  • Home Office
  • Recreation Room with Fireplace
  • Bonus Room
  • Play Room
  • Keeping Room
  • Home Security System
  • Attic

Kitchen

  • Second Kitchen
  • Breakfast Bar
  • Electric Oven
  • Stove
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub
  • 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

Finished Basement

  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Laundry in Basement
  • Natural lighting in basement

Pool

  • In Ground Pool
  • Fence Around Pool
  • Pool is Self Cleaning

Outdoor Features

  • Lake Property
  • Deck

Schools

  • Trace Crossings Elementary School
  • Bumpus Middle School
  • Hoover High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Programmable Thermostat
  • Underground Utilities
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 39-00-33-2-000-050.000

Community Details

Overview

  • Association fees include common grounds mntc, management fee, recreation facility, utilities for comm areas
  • Mckay Management Association, Phone Number (205) 733-6700

Recreation

  • Community Pool
  • Fishing
  • Park
  • Trails

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,775

Year Built

Built in 2002

Lot Details

0

HOA Fees

$149 per month

Parking

5

Listing Details

  • Class: RESIDENTIAL
  • Property Access: Curb and Gutters, Paved Road, Public Road
  • Down Payment Assistance: No
  • Living Area: 4435
  • Legal Description: LOT 1867 TRACE CROSSINGS 18TH SECTOR 35/44
  • List Price per Sq Ft: 191.66
  • Number Levels: 2+ Story
  • Property Type: Single Family
  • Termite Company Name: Orkin
  • Termite Contract: Yes
  • Year Built Description: Existing
  • Year Built: 2002
  • Price Per Sq Ft: 125.44
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2002

Interior Features

  • Interior Amenities: Central Vacuum, Recess Lighting, Security System, Split Bedroom
  • Fireplace Details: Gas Logs, Marble (FIREPL), See-Through
  • Fireplace Location: Great Room (FIREPL), Hearth/Keeping (FIREPL), Master Bedroom (FIREPL), Play/Rec Room (FIREPL)
  • Fireplace Type: Gas (FIREPL)
  • Floors: Carpet, Hardwood, Marble Floor
  • Number Fireplaces: 4
  • Windows Treatments: Some to Remain
  • Bedroom/Bathroom Features: Jetted Tub, Linen Closet, Separate Shower, Shared Bath, Split Bedrooms, Tub/Shower Combo, Walk-In Closets
  • Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Concatenated Rooms: |Kitchen1|KeepngRm1|DiningRoom1|Office1|GreatRoom1|MasterBR1|MasterBath1|Laundry1|Bedroom2|Bedroom2|Bedroom2|Bonus2|2ndKitchB|Play/RecB|BedroomB|
  • Room 1: Kitchen, On Level: 1
  • Room 2: Keeping Room, On Level: 1
  • Room 3: Dining Room, On Level: 1
  • Room 4: Office/Study, On Level: 1
  • Room 5: Great Room, On Level: 1
  • Room 6: Master Bedroom, On Level: 1
  • Room 7: Master Bath, On Level: 1
  • Room 8: Laundry, On Level: 1
  • Room 9: Bedroom, On Level: 2
  • Room 10: Bedroom, On Level: 2
  • Room 11: Bedroom, On Level: 2
  • Room 12: Bonus, On Level: 2
  • Room 13: 2nd Kitchen, On Level: B
  • Room 14: Play/Rec, On Level: B
  • Room 15: Bedroom, On Level: B
  • Basement Rooms: 2nd Kitchen (LVL BSMT), Bedroom (LVL BSMT), Play/Rec (LVL BSMT)
  • Rooms Level 1: Dining Room (LVL 1), Great Room (LVL 1), Keeping Room (LVL 1), Kitchen (LVL 1), Laundry (LVL 1), Master Bath (LVL 1), Master Bedroom (LVL 1), Office/Study (LVL 1)
  • Rooms Level 2 Plus: Bedroom (LVL 2+), Bonus (LVL 2+)
  • Basement Style: Full Basement
  • Basement Style II: All Finished
  • Basement Style III: Daylight Basement
  • Kitchen Countertops: Stone (KIT)
  • Kitchen Equipment: Dishwasher Built-In, Disposal, Microwave Built-In, Oven-Electric, Plumbed for Gas in Kit, Refrigerator, Some Stainless Appl, Stove-Gas
  • Kitchen Features: Breakfast Bar, Eating Area, Pantry
  • Laundry: Yes
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Utility Sink, Washer Hookup
  • Laundry Location: Laundry (BSMT), Laundry (MLVL)
  • Laundry Space: Basement Area, Room
  • Attic: Yes
  • Attic Type: Walk-In
  • Basement Finished Sq Ft: 1863
  • Unfinished Basement Sq Ft: 575
  • Main Level Sq Ft: 2438
  • Upper Level Sq Ft: 1997

Exterior Features

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

Garage/Parking

  • Garage Entry Location: Side
  • Number Garage Spaces Bsmt Lvl: 3
  • Number Garage Spaces Main Lvl: 2
  • Number Total Garage Spaces: 5
  • Parking Features: Attached, Basement Parking, Driveway Parking, Lower Level, Parking (MLVL)

Utilities

  • Heating: 3+ Systems (HEAT), Central (HEAT)
  • Cooling: 3+ Systems (COOL), Central (COOL), Electric (COOL)
  • Sewer/Septic System: Connected
  • Underground Utils: Yes
  • Water: Public Water
  • HVAC Area: 6298

Condo/Co-op/Association

  • Amenities: Clubhouse, Fishing, Gate Entrance/Comm, Park, Private Lake, Sidewalks, Street Lights, Walking Paths
  • Association Fee: Yes
  • Association Fee: 1785
  • Association Fee Per: Yearly
  • HOA Management Company: McKay Management
  • Hoa Phone: 205-733-6700

Fee Information

  • Fees Include: Common Grounds Mntc, Management Fee, Recreation Facility, Utilities for Comm Areas
  • Garbage Fee: Included

Schools

  • Elementary School: TRACE CROSSINGS
  • Middle School: BUMPUS, ROBERT F
  • High School: HOOVER

Lot Info

  • Assessor Parcel Number: 39-00-33-2-000-050.000
  • Lot Description: Corner Lot, Irregular Lot, Some Trees, Subdivision
  • Number Acres: 0.61

Green Features

  • Energy Green Features: Ceiling Fans, Doub Paned Windows, Programmable Thermostat, Ridge Vent

Tax Info

  • Tax District: HOOVER
  • Annual Tax: 5775

MLS Schools

  • Elementary School: TRACE CROSSINGS
  • High School: HOOVER
  • Jr Middle School: BUMPUS, ROBERT F

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2023
Closed on
Feb 5, 2024
Sold by
Gentle Edgar C
Bought by
Mohamed Shuaib and Pathan Arsheen
Seller's Agent
Jenn Saliba
Keller Williams Realty Hoover
Buyer's Agent
Holly Ingram
Keller Williams Realty Hoover
List Price
$850,000
Sold Price
$790,000
Premium/Discount to List
-$60,000
-7.06%
Views
267
Current Estimated Value
$874,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,355
Avg. Annual Appreciation
7.56%

Purchase Details

Listed on
Dec 21, 2023
Closed on
Jan 29, 2024
Sold by
Cuomo-Gentle Johselyn and Cuomo-Gentle Edgar C
Bought by
Mohamed Shuaib and Pathan Arsheen
Seller's Agent
Jenn Saliba
Keller Williams Realty Hoover
Buyer's Agent
Holly Ingram
Keller Williams Realty Hoover
List Price
$850,000
Sold Price
$790,000
Premium/Discount to List
-$60,000
-7.06%
Views
267

Purchase Details

Closed on
Jul 16, 2014
Sold by
Gentle Edgar C
Bought by
Gentle Edgar C

Purchase Details

Closed on
Apr 10, 2013
Sold by
Gentle Edgar C
Bought by
Gentle Edgar C and Carlisle Beverly Denise

Purchase Details

Listed on
Jul 27, 2011
Closed on
Jun 15, 2012
Sold by
Duong Suong L
Bought by
Gentle Edgar C
Seller's Agent
Deana Bermudez
Keller Williams Realty Hoover
Buyer's Agent
Pam Cezayirli
LAH Sotheby's International Realty Mountain Brook
List Price
$750,000
Sold Price
$600,000
Premium/Discount to List
-$150,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.97%
Original Mortgage
$480,000
Interest Rate
3.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 19, 2002
Sold by
J D Gardner Construction Inc
Bought by
Duong Trieu C and Duong Suong L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.3%

Purchase Details

Closed on
Jul 9, 2001
Sold by
United States Steel Llc
Bought by
J D Gardner Construction 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
Mohamed Shuaib $790,000 --
Mohamed Shuaib $790,000 None Listed On Document
Gentle Edgar C -- --
Gentle Edgar C -- --
Gentle Edgar C $600,000 --
Duong Trieu C $390,000 --
J D Gardner Construction Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gentle Edgar C $418,000
Previous Owner Gentle Edgar C $480,000
Previous Owner Duong Trieu C $158,000
Previous Owner Duong Trieu C $200,000
Previous Owner J D Gardner Construction Inc $331,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2024 02/02/24 Sold $790,000 -7.1% $125 / Sq Ft
01/11/2024 01/11/24 Pending -- -- --
12/21/2023 12/21/23 For Sale $850,000 0.0% $135 / Sq Ft
12/12/2014 12/12/14 Rented $3,000 -7.7% --
12/06/2014 12/06/14 Under Contract -- -- --
08/23/2014 08/23/14 For Rent $3,250 0.0% --
05/25/2012 05/25/12 Sold $600,000 -20.0% $135 / Sq Ft
05/23/2012 05/23/12 Pending -- -- --
07/27/2011 07/27/11 For Sale $750,000 -- $169 / 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 $6,189 $88,120 -- --
2022 $5,775 $80,280 $13,000 $67,280
2021 $5,369 $74,680 $13,000 $61,680
2020 $5,009 $69,580 $13,000 $56,580
2019 $4,592 $63,980 $0 $0
2018 $4,448 $62,000 $0 $0
2017 $4,074 $56,840 $0 $0
2016 $4,074 $56,840 $0 $0
2015 $4,074 $56,840 $0 $0
2014 $4,019 $56,020 $0 $0
2013 $4,019 $56,020 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Alabama MLS

MLS Number: 21372485

Greater Alabama MLS

APN: 39-00-33-2-000-050.000