NOT LISTED FOR SALE

5600 James Madison Dr S Mobile, AL 36693

Terrace Hills Neighborhood

Estimated Value: $354,000 - $460,000

4 Beds
4 Baths
3,065 Sq Ft
$137/Sq Ft Est. Value

About This Home

This home is located at 5600 James Madison Dr S, Mobile, AL 36693 and is currently estimated at $419,739, approximately $136 per square foot. 5600 James Madison Dr S is a home located in Mobile County with nearby schools including Olive J. Dodge Elementary School, Burns Middle School, and Murphy High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2024
Sold by
Bobby L Cumpton Ala Family Trust and Cumpton Bobby L
Bought by
Bobby L Cumpton Ala Family Trust and Cumpton
Current Estimated Value
$419,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$742,500
Outstanding Balance
$617,775
Interest Rate
3.5%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Estimated Equity
-$198,036

Purchase Details

Closed on
Jun 11, 2020
Sold by
Cumpton Bobby L and Cumpton Bobby Lawrence
Bought by
Cumpton Bobby L and Cumpton Michael L
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Bobby L Cumpton Ala Family Trust $500 Boston National Title
Cumpton Bobby L -- None Available
Cumpton Bobby L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bobby L Cumpton Ala Family Trust $742,500
Closed Bobby L Cumpton Ala Family Trust $742,500
Previous Owner Cumpton Bobby L $140,000
Source: Public Records

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 $1,914 $34,120 $5,000 $29,120
2023 $1,914 $30,850 $5,250 $25,600
2022 $0 $29,780 $5,250 $24,530
2021 $0 $30,080 $5,250 $24,830
2020 $0 $30,390 $5,250 $25,140
2019 $0 $29,450 $5,250 $24,200
2018 $0 $29,740 $0 $0
2017 $0 $29,180 $0 $0
2016 -- $29,480 $0 $0
2013 $1,762 $31,360 $0 $0
Source: Public Records

Map

Alabama Mobile County Mobile 36693 Terrace Hills

5600 James Madison Dr S, Mobile, AL

This home is located at 5600 James Madison Dr S, Mobile, AL 36693 and is currently estimated at $419,739, approximately $136 per square foot. 5600 James Madison Dr S is a home located in Mobile County with nearby schools including Olive J. Dodge Elementary School, Burns Middle School, and Murphy 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.

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