NOT LISTED FOR SALE

704 4th Ave W Birmingham, AL 35204

Graymont Neighborhood

Estimated Value: $109,000 - $168,000

4 Beds
2 Baths
2,396 Sq Ft
$55/Sq Ft Est. Value

Last Sold April 18, 2017

Last sale price $23,500 $10 Per Sq Ft

Est. 465% increase in value since last sale

Current estimated payment $876/month

1 Day on Market

About This Home

As of April 2017

Great Income Property! For the low purchase price of $24,900 you will enjoy approximately $1,100 monthly income on this duplex after a new roof and some minor repairs. Assuming $7,000 in additional repairs and a 30% loss for future vacancy, cap expenditures, insurance, taxes, etc. you will enjoy an approximately 29% cap rate on this property. You as the buyer will be responsible for determining if your management style agrees with the figures.

Last Agent to Sell the Property

Cindy Tolbert

Realty Consultants Listed on: 04/12/2017

Last Buyer's Agent

Greg Lee

Novus Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,731

Year Built

  • 1925

Lot Details

  • 0.32

Home Design

  • Duplex
  • Frame Construction

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Laminate Flooring
  • Crawl Space

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for all utilities (tenant)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,731

Year Built

1925

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Property Type: Duplex
  • Year Built Description: Existing
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Year Built: 1925

Interior Features

  • Floors: Laminate

Exterior Features

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

Utilities

  • Heating: Central w/Ind Ctrl(HEAT)
  • Cooling: Central Control (COOL)
  • Sewer/Septic System: Connected
  • Water: Public Water

Condo/Co-op/Association

  • Total Units: 2

Schools

  • Elementary School: PRINCETON
  • Middle School: ARRINGTON
  • High School: RAMSAY

Lot Info

  • Assessor Parcel Number: 29-00-02-2-005-005.00

Rental Info

  • Tenant Pays: All Utilities (TENANT)

Tax Info

  • Tax District: BIRMINGHAM

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2018
Sold by
Pernell Brian A
Bought by
Kingdom Realty Llc
Current Estimated Value
$132,695

Purchase Details

Listed on
Apr 12, 2017
Closed on
Apr 26, 2017
Sold by
Renu Properties Llc
Bought by
Pernell Brian and Mcclain Pernell Brandi
Seller's Agent
Cindy Tolbert
Realty Consultants
Buyer's Agent
Greg Lee
Novus Realty
List Price
$24,900
Sold Price
$23,500
Premium/Discount to List
-$1,400
-5.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.44%

Purchase Details

Closed on
Jul 19, 2016
Sold by
Birmingham Income Property
Bought by
Renu Properties Llc

Purchase Details

Closed on
Jan 9, 2015
Sold by
Roberts Corey
Bought by
Birmingham Income Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,000
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 1999
Sold by
Anthony Finocchio Sam
Bought by
Honeycutt Michael E and Belter Charles B
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Kingdom Realty Llc -- --
Pernell Brian $23,500 --
Renu Properties Llc $15,000 --
Birmingham Income Property Llc $11,600 --
Honeycutt Michael E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Birmingham Income Property Llc $39,000
Previous Owner Baughan Leonard W $31,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2017 04/18/17 Sold $23,500 -5.6% $10 / Sq Ft
04/12/2017 04/12/17 For Sale $24,900 -- $10 / 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 $1,731 $23,880 -- --
2022 $1,562 $21,540 $3,380 $18,160
2021 $1,528 $21,080 $2,920 $18,160
2020 $1,528 $21,080 $2,920 $18,160
2019 $1,398 $19,280 $0 $0
2018 $1,038 $14,320 $0 $0
2017 $1,038 $14,320 $0 $0
2016 $0 $14,320 $0 $0
2015 $854 $11,780 $0 $0
2014 $807 $8,140 $0 $0
2013 $807 $8,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Cindy Tolbert

    Realty Consultants

    Section Image
  • Greg Lee

    Buyer's Agent in 2017

    Greg Lee

    Novus Realty

    (205) 276-4354

    28 Total Sales

    Greg Lee
    Section Image
See All Agents

Map

Source: Greater Alabama MLS

MLS Number: 780200

Greater Alabama MLS

APN: 29-00-03-2-005-005.000

Alabama Jefferson County Birmingham 35204 Graymont

704 4th Ave W, Birmingham, AL

This home is located at 704 4th Ave W, Birmingham, AL 35204 since 12 April 2017 and is currently estimated at $132,695, approximately $55 per square foot. This property was built in 1925. 704 4th Ave W is a home located in Jefferson County with nearby schools including Bush Hills STEAM Academy, A.H. Parker High School, and Ephesus Academy.

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.

Nearby Homes