NOT LISTED FOR SALE

588 Forest Lakes Dr Sterrett, AL 35147

Estimated Value: $387,000 - $396,327

5 Beds
3.5 Baths
2,940 Sq Ft
$133/Sq Ft Est. Value

Sale Details

Date Sold: November 14, 2025

Last sale price $386,500 $131 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,216 / mo

30 Days on Market

Highlights

  • Attic
  • Stone Countertops
  • Attached Garage
  • Chelsea Park Elementary School Rated A-
  • Fenced Yard
  • Soaking Tub

About This Home

As of November 2025

In the desirable Forest Lakes community and zoned for Chelsea schools, this 5-bedroom, 3.5-bath home has been fully remodeled and is ready for you. The main level features soaring ceilings, fresh paint, new LVP flooring, and a spacious owners' suite with a stunning en-suite bath that includes a soaking tub, tiled shower, and walk-in closet. Granite countertops, a breakfast bar, eat-in kitchen, & formal dining room allow plenty of room to host football gatherings or upcoming holiday dinners. Upstairs are four bedrooms and two full baths, or use one of the rooms for an office or flex space. Grill burgers on the patio & watch the kids and pets play in the fenced, flat backyard. A two-car garage and four-sides brick add convenience and low-maintenance appeal. The neighborhood features lakes, walking trails, security cameras, and a playground, and fosters a sense of community that is unmatched. Move-in ready & recently appraised for $415,000. See this well-priced, well-updated home today!

Last Agent to Sell the Property

Shannon Colby

Keller Williams Metro South Listed on: 09/13/2025

Keller Williams Metro South

Last Buyer's Agent

Marc St John

ARC Realty 280

ARC Realty 280

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2001

Lot Details

  • 18,295 Sq Ft Lot
  • Fenced Yard

HOA Fees

  • Property has a Home Owners Association

Parking

  • Attached Garage
  • Front Facing Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • Smooth Ceilings
  • Recessed Lighting
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Stone Countertops
  • Attic

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Soaking Tub

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Open Patio
  • Outdoor Storage

Schools

  • Chelsea Park Elementary School
  • Chelsea Middle School
  • Chelsea High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Gas Water Heater

Community Details

  • $25 Other Monthly Fees

Home Details

Home Type

Single Family

Year Built

Built in 2001

Lot Details

0.42 Acres

HOA Fees

$15 per month

Parking

2

Listing Details

  • Down Payment Assistance: Y
  • Property Type: Residential
  • Flood Plain: N
  • Year Built: 2001
  • Property Sub Type: Single Family Residence
  • Co List Office Mls Id: KWRMS
  • Directions: Take 280 East to Chelsea. Turn left onto Bear Creek Rd. Turn right onto Forest Lakes Pkwy. Turn left at the 1st cross street onto Forest Lakes Drive. Home will be on the left.
  • Above Grade Finished Sq Ft: 2940.0
  • Year Built Details: Existing
  • SystemPrice: 386500
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Recess Lighting
  • Fireplace Location: Living Room (FIREPL)
  • Fireplace Type: Wood Burning
  • Room 1: Dining Room
  • Room 2: Living
  • Room 3: Kitchen
  • Room 4: Half Bath
  • Room 5: Laundry
  • Room 6: Master Bath
  • Room 7: Master Bedroom
  • Room 8: Bedroom
  • Room 9: Bedroom
  • Room 10: Bedroom
  • Room 11: Bedroom
  • Room 12: Full Bath
  • Room 13: Full Bath
  • Kitchen Equipment: Dishwasher Built-In,Microwave Built-In,Some Stainless Appl,Stove-Gas
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Washer Hookup
  • Laundry Location: Laundry (MLVL)
  • Laundry Space: Room
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Tile (FIREPL)
  • Fireplaces: 1
  • Unfinished Basement Sq Ft: 0
  • Main Level Sq Ft: 1566
  • Upper Level Sq Ft: 1374

Exterior Features

  • Exterior Features: Fenced Yard, Storage
  • Water Heater: Gas (WTRHTR)
  • Waterfront: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Property Condition: Existing

Garage/Parking

  • Garage Entry Location: FRNT
  • Parking Features: Attached, Driveway, Off Street

Utilities

  • Heating: Central
  • Cooling: Central Air
  • Water: Public Water
  • HVAC Area: 2940
  • Sewer: Connected

Condo/Co-op/Association

  • Association Fee: 180.0
  • Association Fee Yn: Y

Fee Information

  • Garbage Fee Amount: 75
  • Garbage Fee Per: Q
  • Fire Fee: N
  • Garbage Fee: Y
  • Library Fee: No

Schools

  • High School: CHELSEA
  • Elementary School: CHELSEA PARK
  • Middle Or Junior School: CHELSEA

Lot Info

  • Lot View: No

Tax Info

  • Tax District: CHELSEA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2025
Closed on
Nov 14, 2025
Sold by
Barpala Llc
Bought by
Wallace Latorry
Seller's Agent
Shannon Colby
Keller Williams Metro South
Buyer's Agent
Marc St John
ARC Realty 280
List Price
$400,000
Sold Price
$386,500
Premium/Discount to List
-$13,500
-3.38%
Views
87
Current Estimated Value
$392,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,582
Avg. Annual Appreciation
3.31%
Original Mortgage
$386,500
Outstanding Balance
$385,413
Interest Rate
6.34%
Mortgage Type
VA
Estimated Equity
$6,669

Purchase Details

Closed on
Jul 25, 2025
Sold by
Melton Lee E
Bought by
Barpala Llc

Purchase Details

Closed on
Mar 7, 2023
Sold by
Melton Kyra and Bush Kyra
Bought by
Melton Lee E

Purchase Details

Listed on
May 26, 2015
Closed on
Apr 28, 2016
Sold by
Khawly Cynthia A and Khawly Patrice P
Bought by
Melton Lee and Melton Kyra
Seller's Agent
Mark Driscoll
RE/MAX Advantage
Buyer's Agent
Nebrazy Adams
RealtySouth-I459 Southwest
List Price
$219,900
Sold Price
$215,000
Premium/Discount to List
-$4,900
-2.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.19%
Original Mortgage
$208,550
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2006
Sold by
Cibulski Mary Janet
Bought by
Khawly Patrice P and Khawly Cynthia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,400
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 2006
Sold by
Brown Wallace E and Mei Brown Maggie J
Bought by
Cibulski Mary Janet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,600
Interest Rate
6.22%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 19, 2001
Sold by
American Homes & Land Corp
Bought by
Brown Wallace E and Mei Brown Maggie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,980
Interest Rate
6.42%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Wallace Latorry $386,500 None Listed On Document
Barpala Llc $280,000 None Listed On Document
Melton Lee E $164,000 None Listed On Document
Melton Lee $215,000 None Available
Khawly Patrice P $228,000 None Available
Cibulski Mary Janet $228,000 None Available
Brown Wallace E $209,484 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wallace Latorry $386,500
Previous Owner Melton Lee $208,550
Previous Owner Khawly Patrice P $182,400
Previous Owner Cibulski Mary Janet $216,600
Previous Owner Brown Wallace E $202,980
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/14/2025 11/14/25 Sold $386,500 -2.2% $131 / Sq Ft
10/13/2025 10/13/25 Pending -- -- --
09/26/2025 09/26/25 Price Changed $395,000 -1.3% $134 / Sq Ft
09/15/2025 09/15/25 For Sale $400,000 +86.0% $136 / Sq Ft
04/21/2016 04/21/16 Sold $215,000 -2.2% $73 / Sq Ft View Prior Sale
03/04/2016 03/04/16 Pending -- -- --
05/26/2015 05/26/15 For Sale $219,900 -- $75 / Sq Ft
Source: Greater Alabama MLS

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 $1,647 $37,440 $0 $0
2024 $1,631 $37,060 $0 $0
2023 $1,614 $37,620 $0 $0
2022 $1,401 $32,780 $0 $0
2021 $1,200 $28,200 $0 $0
2020 $1,093 $25,780 $0 $0
2019 $1,077 $25,420 $0 $0
2017 $1,050 $24,800 $0 $0
2015 $1,022 $23,220 $0 $0
2014 $1,945 $44,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Shannon Colby

    Seller's Agent in 2025

    Shannon Colby

    Keller Williams Metro South

    (205) 790-1226

    4 in this area

    73 Total Sales

    Shannon Colby
    Section Image
  • Marc St John

    Buyer's Agent in 2025

    Marc St John

    ARC Realty 280

    (205) 470-3454

    23 in this area

    63 Total Sales

    Marc St John
    Section Image

  • M

    Seller's Agent in 2016

    Mark Driscoll

    RE/MAX

  • Nebrazy Adams

    Buyer's Agent in 2016

    Nebrazy Adams

    RealtySouth

    (205) 370-3010

    70 Total Sales

    Nebrazy Adams
    Section Image
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Map

Source: Greater Alabama MLS

MLS Number: 21429830

Greater Alabama MLS

APN: 09-5-22-0-003-005-000

Alabama Shelby County Sterrett 35147

588 Forest Lakes Dr, Sterrett, AL

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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