$98,000

60 Margerum Rd Cherokee, AL 35616

Estimated payment $556/month

Total Views 516
2 Beds
2 Baths
1,124 Sq Ft
$87 Price per Sq Ft

Highlights

  • Very Popular Property
  • Forest View
  • No HOA
  • Wood Burning Stove
  • Attic
  • Front Porch

About This Home

Welcome Home. This house features a new roof and sits on 4.05 acres (which used to be a campground). With quick access to Hwy 72, Cherokee and Iuka, and with Corinth and the Quad Cities just up the road. The possibilities are endless. There is a mobile home on the premises which will transfer at no value but is in good enough shape to repair and rent (if you are so inclined). Home is for sale as is and where is, buyer should verify all information. The owner of the adjacent lot, between this lot and Hwy 72 has indicated that he may be willing to sell for the right price. This would provide over 800 feet of frontage on Hwy 72 and over 250 along Margerum Rd.

Listing Agent

Micheal Terrell

EXIT Realty Shoals License #154191 Listed on: 08/11/2025

EXIT Realty Shoals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $242

Year Built

  • Built in 1981

Lot Details

  • 4.05 Acre Lot
  • Property fronts a county road
  • Irregular Lot
  • Few Trees

Property Views

  • Forest
  • Rural

Home Design

  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,124 Sq Ft Home
  • Wood Burning Stove
  • Double Pane Windows
  • Aluminum Window Frames
  • Laminate Flooring
  • Electric Range
  • Attic

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • Driveway
  • On-Street Parking

Outdoor Features

  • Front Porch

Schools

  • Cherokee Elementary And Middle School
  • Cherokee High School

Utilities

  • Window Unit Cooling System
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Cherokee Community
  • Cherokee Subdivision

Listing and Financial Details

  • Assessor Parcel Number 04-08-33-0-000-003.001

Home Details

Home Type

Single Family

Est. Annual Taxes

$242

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Above Grade Finished Sq Ft: 1124.0
  • Lot Dimensions: 256.8 X 734.6 IRR
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Subdivision Name: Cherokee
  • Carport: No
  • GarageYN: No
  • PropertySubType: Residential
  • PropertyType: Residential
  • Lot Size Acres: 4.05
  • Co List Office Phone: OFC-256-248-4320
  • MLS Status: Active
  • AE_ATTIC: Access Only
  • Manufactured_Home_YN: 0
  • Multiple_Level_YN: 0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer
  • Basement: None
  • Basement YN: No
  • Flooring: Laminate
  • LivingArea: 1124.0
  • Window Features: Aluminum Frames, Double Pane Windows
  • Total Bedrooms: 2
  • FireplaceYN: No
  • Main Level Bedrooms: 2
  • Room Type: Bathroom 2, Bedroom 2
  • Full Bathrooms: 2

Exterior Features

  • Construction Materials: Block
  • Foundation Details: Slab
  • Lot Features: Few Trees, Irregular Lot
  • OtherStructures: Mobile Home
  • Patio And Porch Features: Front Porch
  • Roof: Shingle
  • View: Forest, Rural
  • Waterfront: No
  • Pool Features: None
  • Property Condition: Standard

Garage/Parking

  • Parking Features: Driveway, On Street

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wood Stove
  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Water Connected
  • Water Source: Public
  • Laundry Features: Electric Dryer Hookup, Inside

Condo/Co-op/Association

  • Association: No
  • Planned Community Name: Cherokee

Schools

  • Middle Or Junior School: Cherokee

Lot Info

  • Parcel Number: 04-08-33-0-000-003.001

Building Info

  • Year Built: 1981
  • BuildingAreaTotal: 1124.0

Multi Family

Tax Info

  • Year: 2023
  • Tax Annual Amount: 242.0

MLS Schools

  • Elementary School: Cherokee
  • HighSchool: Cherokee

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 -- $6,760 $2,000 $4,760
2023 $242 $6,400 $0 $0
2022 $401 $11,700 $0 $0
2021 $336 $9,520 $0 $0
2020 $310 $8,660 $0 $0
2019 $310 $8,660 $0 $0
2018 $310 $8,660 $0 $0
2017 $290 $8,000 $0 $0
2016 $287 $7,900 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 For Sale $98,000 -- $87 / Sq Ft
Source: Strategic MLS Alliance (Cullman / Shoals Area)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $54,900 New Conventional
Source: Public Records

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Source: Strategic MLS Alliance (Cullman / Shoals Area)

MLS Number: 524129

Strategic MLS Alliance (Cullman / Shoals Area)

APN: 04-08-33-0-000-003.001

Alabama Colbert County Cherokee 35616

60 Margerum Rd, Cherokee, AL

This home is located at 60 Margerum Rd, Cherokee, AL 35616 and is currently priced at $98,000, approximately $87 per square foot. This property was built in 1981. 60 Margerum Rd is a home located in Colbert County with nearby schools including Cherokee Elementary School and Cherokee 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.

Strategic MLS Alliance (Cullman / Shoals Area) 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.

Nearby Homes
Micheal Terrell
Listing Agent
Micheal Terrell
Section Image
EXIT Realty Shoals
(256) 702-6671