NOT LISTED FOR SALE

5601 Grade Rd Mobile, AL 36693

Terrace Hills Neighborhood

Estimated Value: $182,000 - $200,000

3 Beds
2 Baths
1,120 Sq Ft
$171/Sq Ft Est. Value

Last Sold October 05, 2018

Last sale price $137,500 $123 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,066/month

Highlights

  • Gated Community
  • Ceramic Tile Flooring
  • Central Air
  • Creole Architecture
  • Brick Front

About This Home

As of October 2018

Offered on a Value Range. Seller will entertain offers from $129,900-$149,900.
Freshly remodeled 3/2, 1455 sq ft. Designed to last for years, this property has everything: new energy efficient windows, granite counter tops in all wet areas, new roof, updated flooring, chic light fixtures, modern paint, backyard fence, brushed nickel hardware throughout. Includes matching stainless steel appliance set. Tons of natural lighting. Location is unbeatable. Quick access to west mobile or shopping or downtown without having to use Airport Blvd. Easy interstate access. Quiet, mature neighborhood close to Dodge elementary. Floor plan is perfect for the footage and feels much bigger than its size with the smart layout. Low maintenance, home-y, with an updated touch.

Last Agent to Sell the Property

Aaron Akridge

Diamond Properties License #119012 Listed on: 09/19/2018

Last Buyer's Agent

TJ Roberts

Real Estate Store License #115275

Home Details

Home Type

  • Single Family

Lot Details

  • 0.26

Home Design

  • Creole Architecture
  • Brick Front

Interior Spaces

  • 1,120 Sq Ft Home
  • Ceramic Tile Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Olive J Dodge Elementary School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Mountbrook Subdivision
  • Gated Community

Listing and Financial Details

  • Assessor Parcel Number 3302033002066

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Legal Description: LOT 1 MOUNTBROOK UNIT 1 MBK 22 P 33 #SEC 03 T5S R2W #MP33 02 03 3 002
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Creole
  • Property Condition: Resale
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Ceramic Tile
  • Common Walls: No Common Walls
  • Additional Rooms: Other
  • Square Footage: 1120.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Baths: 2

Exterior Features

  • Construction Materials: Brick Front
  • Foundation: None

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Heating: Natural Gas
  • Utilities: Electricity Available, Natural Gas Available
  • Electric: None

Condo/Co-op/Association

  • Community Features: Gated
  • Subdivision Complex: MOUNTBROOK

Lot Info

  • Parcel Number: 3302033002066
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Rental Info

  • Deposit Required: None

MLS Schools

  • Elementary School: Olive J Dodge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2018
Closed on
Oct 5, 2018
Sold by
Lundy Caleb Earl
Bought by
Davis Hayley M
Seller's Agent
Aaron Akridge
Diamond Properties
Buyer's Agent
TJ Roberts
Real Estate Store
Sold Price
$137,500
Current Estimated Value
$191,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,570
Avg. Annual Appreciation
4.64%
Original Mortgage
$135,009
Outstanding Balance
$117,005
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$74,065

Purchase Details

Listed on
Nov 1, 2015
Closed on
Jan 4, 2016
Sold by
Lambert Investments Llc
Bought by
Lundy Caleb Earl
Seller's Agent
Leighton Dees
Better Homes & Gardens RE Platinum Properties
Buyer's Agent
GLORIA LEWIS
Lyle Realty
Sold Price
$114,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.88%
Original Mortgage
$112,408
Interest Rate
3.97%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 20, 2015
Sold by
Soutullo Velma C
Bought by
Lambert Inc

Purchase Details

Closed on
Dec 15, 2004
Sold by
Soutullo Velma C
Bought by
Soutullo Velma C and Soutullo Michael F

Purchase Details

Closed on
Nov 20, 2003
Sold by
Allison W T W and Allison Shelby
Bought by
Soutullo Velma C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,623
Interest Rate
5.93%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Davis Hayley M $137,500 Stewart Title Of Alabama Llc
Lundy Caleb Earl $114,500 None Available
Lambert Inc $58,801 None Available
Soutullo Velma C -- --
Soutullo Velma C $86,300 Surety Land Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Hayley M $135,009
Previous Owner Lundy Caleb Earl $112,408
Previous Owner Soutullo Velma C $85,623
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/05/2018 10/05/18 Sold $137,500 +20.1% $123 / Sq Ft
09/19/2018 09/19/18 Pending -- -- --
01/04/2016 01/04/16 Sold $114,500 -- $79 / Sq Ft View Prior Sale
11/01/2015 11/01/15 Pending -- -- --
Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)

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
2025 $821 $13,810 $3,000 $10,810
2024 $821 $13,190 $2,500 $10,690
2023 $781 $12,670 $2,750 $9,920
2022 $682 $11,780 $2,750 $9,030
2021 $647 $11,240 $2,200 $9,040
2020 $635 $11,060 $2,000 $9,060
2019 $511 $9,100 $0 $0
2018 $511 $9,100 $0 $0
2017 $511 $9,100 $0 $0
2016 $1,180 $18,580 $0 $0
2013 -- $5,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Aaron Akridge

    Diamond Properties

    (251) 366-1508

    9 Total Sales

    Aaron Akridge
    Section Image

  • T

    Buyer's Agent in 2018

    TJ Roberts

    Real Estate Store

    (251) 401-8439

    1 in this area

    62 Total Sales

    TJ Roberts
    Section Image

  • L

    Seller's Agent in 2016

    Leighton Dees

    Better Homes & Gardens RE Platinum Properties

    33 Total Sales

    Leighton Dees
    Section Image

  • G

    Buyer's Agent in 2016

    GLORIA LEWIS

    Lyle Realty

    16 Total Sales

    GLORIA LEWIS
    Section Image
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Map

Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)

MLS Number: 0617212

Gulf Coast MLS (Mobile Area Association of REALTORS®)

APN: 33-02-03-3-002-066

Alabama Mobile County Mobile 36693 Terrace Hills

5601 Grade Rd, Mobile, AL

Not Listed for Sale

Detached

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