NOT LISTED FOR SALE

Estimated Value: $382,000 - $437,145

3 Beds
2 Baths
1,296 Sq Ft
$317/Sq Ft Est. Value

Last Sold October 13, 2015

Last sale price $220,000 $170 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $2,312/month

11 Days on Market

Highlights

  • Boathouse
  • 120 Feet of Waterfront
  • RV or Boat Parking
  • Shelby Elementary School Rated A-
  • Private Dock
  • Lake View

About This Home

As of October 2015

Great home located on a private cove with a great view of the main Lay Lake Channel. Open floor plan with terrific views of the lake from the kitchen, den and dining areas. Split bedroom plan. Master bedroom has a vaulted ceiling and exposed wood beams. Bathrooms updated 2013, new flooring approximately one year ago, new vinyl clad, double glazed, Low-e argon windows in 2015. Large open deck and screened porch overlook the cove & lake. French doors open onto the screened porch. Full unfinished basement with garage door. The property also features an enclosed boat house, pier, seawall and concrete boat ramp. Kitchen appliances and window treatments stay with the home.

Last Agent to Sell the Property

Keith Webb

ARC Realty License #000094802 Listed on: 08/09/2015

Last Buyer's Agent

Shirley Satterwhite

RealtySouth-Inverness Office

RealtySouth-Inverness Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,532

Year Built

  • 1950

Lot Details

  • 120 Feet of Waterfront
  • Corner Lot
  • Few Trees

Parking

  • 1 Car Garage
  • 2 Carport Spaces
  • Basement Garage
  • Rear-Facing Garage
  • Driveway
  • RV or Boat Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Cathedral Ceiling
  • Window Treatments
  • French Doors
  • Dining Room
  • Den
  • Screened Porch
  • Lake Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

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

Outdoor Features

  • Boathouse
  • Private Dock
  • Deck
  • Patio

Location

  • In Flood Plain

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 31-4-18-0-001-027.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,532

Year Built

1950

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Access: Paved Road, Public Road
  • Living Area: 1296
  • Legal Description: Lot 27, Shelby Shores Subdivision, Phase II
  • List Price per Sq Ft: 169.75
  • Number Levels: 1-Story
  • Property Type: Single Family
  • Termite Company Name: Mr. Buggs
  • Termite Contract: Yes
  • Year Built Description: Existing
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1950

Interior Features

  • Interior Amenities: French Doors, Split Bedroom
  • Floors: Carpet, Vinyl
  • Windows Treatments: All
  • Bedroom/Bathroom Features: Split Bedrooms, Tub/Shower Combo, Walk-In Closets
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Concatenated Rooms: |Den1|Kitchen1|DiningRoom1|Bedroom1|Bedroom1|Bedroom1|Laundry1|
  • Room 1: Den/Family, On Level: 1
  • Room 2: Kitchen, On Level: 1
  • Room 3: Dining Room, On Level: 1
  • Room 4: Bedroom, On Level: 1
  • Room 5: Bedroom, On Level: 1
  • Room 6: Bedroom, On Level: 1
  • Room 7: Laundry, On Level: 1
  • Rooms Level 1: Bedroom (LVL 1), Den/Family (LVL 1), Dining Room (LVL 1), Kitchen (LVL 1), Laundry (LVL 1)
  • Basement Style: Full Basement
  • Basement Style II: All Unfinished
  • Basement Style III: Concrete Block
  • Kitchen Countertops: Laminate
  • Kitchen Equipment: Cooktop-Electric, Dishwasher Built-In, Oven-Electric, Refrigerator
  • Kitchen Features: Breakfast Bar
  • Laundry: Yes
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Washer Hookup
  • Laundry Location: Laundry (MLVL)
  • Laundry Space: Closet
  • Unfinished Basement Sq Ft: 1296
  • Main Level Sq Ft: 1296

Exterior Features

  • Patio: Yes
  • Waterfront Name: LAY LAKE
  • Construction: Siding-Vinyl
  • Decks: Yes
  • Decks Type: Open (DECK)
  • Exterior Features: Boat House Private, Dock Private, Porch, Porch Screened
  • Foundation: Basement
  • Patio Type: Covered - (PATIO)
  • Waterfront: Yes
  • Waterfront Frontage: 120
  • Water Heater: Electric (WTRHTR)

Garage/Parking

  • Garage Entry Location: Rear
  • Number Carport Spaces: 2
  • Number Garage Spaces Bsmt Lvl: 1
  • Number Total Garage Spaces: 1
  • Parking Features: Basement Parking, Boat Parking, Driveway Parking, Lower Level

Utilities

  • Heating: Heat Pump (HEAT)
  • Cooling: Heat Pump (COOL)
  • Sewer/Septic System: Septic
  • Water: Public Water

Schools

  • Elementary School: SHELBY
  • Middle School: COLUMBIANA
  • High School: SHELBY COUNTY

Lot Info

  • Assessor Parcel Number: 31-4-18-0-001-027.000
  • Flood Plain: Yes
  • Lot Description: Corner Lot, Some Trees, Subdivision
  • Lot View: Yes
  • Lot View Type: Lake/Water View

Tax Info

  • Tax District: COUNTY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2015
Closed on
Oct 13, 2015
Sold by
Irwin Linda
Bought by
Knotts Judy M
Seller's Agent
Keith Webb
ARC Realty
Buyer's Agent
Shirley Satterwhite
RealtySouth-Inverness Office
List Price
$220,000
Sold Price
$220,000
Current Estimated Value
$395,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,523
Avg. Annual Appreciation
6.05%
Original Mortgage
$162,000
Outstanding Balance
$129,403
Interest Rate
3.93%
Mortgage Type
VA
Estimated Equity
$262,040

Purchase Details

Closed on
Jun 20, 2015
Sold by
Paulk Edward
Bought by
Irwin Linda

Purchase Details

Closed on
Feb 15, 2013
Sold by
Hatton Sanford D and Hatton Dian J
Bought by
Paulk Edward P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,600
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2003
Sold by
Carroll Joe C and Carroll Michal P
Bought by
Hatton Sanford D and Hatton Dian J
Source: Public Records

Range of Values:

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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
Knotts Judy M $220,000 None Available
Irwin Linda $202,500 None Available
Paulk Edward P $192,000 None Available
Hatton Sanford D $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knotts Judy M $162,000
Previous Owner Paulk Edward P $153,600
Previous Owner Scoggins Michael $124,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2015 10/13/15 Sold $220,000 0.0% $170 / Sq Ft
08/20/2015 08/20/15 Pending -- -- --
08/09/2015 08/09/15 For Sale $220,000 -- $170 / 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 $1,532 $34,820 $0 $0
2023 -- $33,260 $0 $0
2022 $0 $29,300 $0 $0
2021 $0 $25,760 $0 $0
2020 $0 $22,820 $0 $0
2019 $0 $22,460 $0 $0
2017 $0 $21,920 $0 $0
2015 -- $20,240 $0 $0
2014 -- $19,980 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Alabama MLS

MLS Number: 726541

Greater Alabama MLS

APN: 31-4-18-0-001-027-000