NOT LISTED FOR SALE

603 42nd Alley Fairfield, AL 35064

Estimated Value: $42,716 - $54,000

3 Beds
2 Baths
1,288 Sq Ft
$39/Sq Ft Est. Value

Last Sold November 10, 2021

Last sale price $38,000 $30 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $321/month

9 Days on Market

About This Home

As of November 2021

NEW WIRING, PROPERTY BEING SO AS IS, NO INSPECTION PERIOD. PLEASE BRING CONTRACTOR WITH YOU. DOES NEED SOME WORK,IN FAIR CONDITION. FOUNDATION AND OTHER MAJOR PARTS OF THE PROPERTY HAS BEEN INSPECTED. AT THIS TIME NO OWNER FINANCING. REASON FOR THE NOTES SELLER HAS LOST MARKETING TIME WHILE WAITING ON INSPECTION. NO LOW BALLS OFFER ACCEPTED.WILL WORK WITH SERIOUS INQUIRES. SELLER IS COLLECTING RENT FOR BOTH SIDES OF PROPERTY. SECTION 8 $650 AND VA $600 VOUCHERS Seller has to maintain Lawn AGAIN PLEASE BRING INSPECTOR OR CONTRACTOR WITH YOU!!!!!!!!!!! Duplex For Sale. Both Sides rented out by Section 8 tenants. Section 8 pays full amount of rent. $600 for one side and $650 for the other for a total of $1,250 per month ($15,000 per year). The side for $600 lease runs out 3/31/2021 and the $650 lease runs out 4/30/2021. Electrical was just upgraded and inspected by the city in 2020. Plumbing lines upgraded PEX in 2020. Sold AS-IS.

Last Agent to Sell the Property

Wm Steve Owens

Keller Williams Homewood Listed on: 10/01/2021

Keller Williams Homewood

Last Buyer's Agent

Jeff Boyd

Newcastle Homes, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,142

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Frame Construction
  • Siding

Schools

  • Donald Elementary School
  • Bumpus Middle School
  • Fairfield High School

Utilities

  • Window Unit Cooling System
  • Window Unit Heating System
  • Electric Water Heater

Additional Features

  • Laminate Flooring
  • Crawl Space

Community Details

  • 2 Units
  • Gross Income $1,250

Listing and Financial Details

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Down Payment Assistance: Yes
  • Down Payment Assistance URL: https://www.workforce-resource.com/dpr/listing/GALMLS/1300006?w=PubMLS
  • Property Type: Duplex
  • Year Built Description: Existing
  • Year Built: 1920
  • Price Per Sq Ft: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Interior Features

  • Floors: Laminate

Exterior Features

  • Construction: Frame, Siding
  • Foundation: Crawl Space
  • Water Heater: Electric (WTRHTR)

Garage/Parking

  • Parking: On Street Parking

Utilities

  • Heating: Window Units (HEAT)
  • Cooling: Window Units (COOL)
  • Sewer/Septic System: Connected
  • Water: Public Water

Condo/Co-op/Association

  • Total Units: 2

Schools

  • Elementary School: DONALD
  • Middle School: BUMPUS, ROBERT F
  • High School: FAIRFIELD

Lot Info

  • Assessor Parcel Number: 30-00-12-2-005-008.000

Rental Info

  • Tenant Pays: All Utilities (TENANT), Cable/TV Connect (TENANT), Gas (TENANT), Water/Sewer (TENANT)

Tax Info

  • Tax District: FAIRFIELD
  • Annual Tax: 597

Multi Family

  • Gross Income: 1250

MLS Schools

  • Elementary School: DONALD
  • High School: FAIRFIELD
  • Jr Middle School: BUMPUS, ROBERT F

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2021
Closed on
Dec 3, 2021
Sold by
Goodman Organization Llc
Bought by
Sweet Bama Homes Llc
Seller's Agent
Wm Steve Owens
Keller Williams Homewood
Buyer's Agent
Jeff Boyd
Newcastle Homes, Inc.
List Price
$64,900
Sold Price
$38,000
Premium/Discount to List
-$26,900
-41.45%
Current Estimated Value
$50,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,179
Avg. Annual Appreciation
7.39%

Purchase Details

Closed on
Aug 25, 2020
Sold by
Sanders David
Bought by
Goodman Organization Llc

Purchase Details

Closed on
Jul 16, 2015
Sold by
Federal National Mortgage Association
Bought by
Watson Franklin

Purchase Details

Closed on
Mar 2, 2015
Sold by
Steele Christopher
Bought by
Federal National Mtg Associati

Purchase Details

Closed on
Oct 2, 2007
Sold by
Steele Christopher
Bought by
Steele Christopher and Steele Roschelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.26%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Sweet Bama Homes Llc $38,000 --
Goodman Organization Llc $18,000 --
Sanders David $10,000 --
Watson Franklin $8,900 --
Federal National Mtg Associati $44,308 --
Steele Christopher $500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Steele Christopher S $40,000
Previous Owner Gamble Stephen Craig $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2021 11/10/21 Sold $38,000 -23.8% $30 / Sq Ft
10/21/2021 10/21/21 Price Changed $49,900 -23.1% $39 / Sq Ft
10/10/2021 10/10/21 Pending -- -- --
10/01/2021 10/01/21 For Sale $64,900 -- $50 / 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 $563 $7,560 -- --
2022 $474 $6,360 $2,180 $4,180
2021 $474 $6,360 $2,180 $4,180
2020 $0 $8,020 $2,180 $5,840
2019 $597 $8,020 $0 $0
2018 $451 $6,060 $0 $0
2017 $451 $6,060 $0 $0
2016 $575 $7,720 $0 $0
2015 $575 $7,720 $0 $0
2014 $583 $7,620 $0 $0
2013 $583 $7,620 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Alabama MLS

MLS Number: 1300006

Greater Alabama MLS

APN: 30-00-12-2-005-008.000