NOT LISTED FOR SALE

720 Ridgemont Ave Montgomery, AL 36105

Estimated Value: $70,000 - $149,018

-- Bed
2 Baths
-- Sq Ft
958 Sq Ft Lot

Last Sold February 13, 2017

Last sale price $22,500

Est. 314% increase in value since last sale

Current estimated payment $537/month

14 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Dining Room
  • No HOA
  • Central Heating and Cooling System

About This Home

As of February 2017

Great opportunity for a savvy investor or "DIY" homeowner. Renovation was near completion and some features remain untouched. However, property has been vandalized-copper is cut in several places. This duplex has All NEW windows & light fixtures, FRESH interior & exterior paint and new tile in the kitchen & bathroom. Two houses for the price of one! Set your appointment today.

Last Agent to Sell the Property

Jeremy Kelly

Kelly Realty, LLC. License #0099774 Listed on: 01/17/2017

Last Buyer's Agent

Tamara Hockenhull

Gloria Frazier & Co. Realty License #0109787

Gloria Frazier & Co. Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $281

Year Built

  • Built in 1955

Lot Details

  • 958

Parking

  • 1 Driveway Space

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Dining Room

Kitchen

  • Eat-In Kitchen
  • Electric Cooktop

Flooring

  • Wood
  • Tile

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 03-11-06-24-03-015-031001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$281

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Design: 2 Story
  • Year Built: 1955
  • New Construction: No
  • Information: Tax Information
  • Unit Type: Other
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Area Feature: Eat-In Kitchen, Separate Dining Room
  • Flooring: Hard Tile, Wood
  • Kitchen Feature: Cooktop/Oven-Elec

Exterior Features

  • Construction: Brick
  • Driveway: Concrete
  • Foundation: Slab
  • Pool: No

Garage/Parking

  • Parking: Driveway

Utilities

  • Cooling: Central Electric
  • Heating: Central Gas
  • Sewer: Public Sewer
  • Utilities: Cable TV Available, Electric Power, Natural Gas
  • Water: Public
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Parcel Number: 03-11-06-24-03-015-031001

Rental Info

  • Tenant Pay: All Utilities

Tax Info

  • Taxes: 281

Multi Family

  • Total Units: 2
  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2017
Closed on
Feb 7, 2017
Sold by
Lee Miguel L
Bought by
Versetile Investmetns Group Priperties L
Seller's Agent
Jeremy Kelly
Kelly Realty, LLC.
Buyer's Agent
Tamara Hockenhull
Gloria Frazier & Co. Realty
List Price
$24,000
Sold Price
$22,500
Premium/Discount to List
-$1,500
-6.25%
Current Estimated Value
$93,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,755
Avg. Annual Appreciation
17.55%

Purchase Details

Closed on
Apr 20, 2011
Sold by
Fannie Mae
Bought by
Lee Miguel L

Purchase Details

Closed on
Jan 27, 2011
Sold by
Ali David
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 21, 2005
Sold by
Cole & Co Investments Llc
Bought by
Ali David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,850
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2005
Sold by
Johnson Lorraine R and Cole Johnnie N
Bought by
Cole & Co Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,400
Interest Rate
5.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 3, 1999
Sold by
Wilmar Inc
Bought by
Thompson Jimmy A and Thompson Tama T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 27, 1999
Sold by
Carr Jackie L and Strong Julie Carr
Bought by
Wilmar Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.5%
Mortgage Type
Seller Take Back
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
Versetile Investmetns Group Priperties L $22,500 None Available
Lee Miguel L $20,000 None Available
Federal National Mortgage Association $67,343 None Available
Ali David $76,850 --
Cole & Co Investment Llc -- --
Thompson Jimmy A -- --
Wilmar Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ali David $68,850
Previous Owner Cole & Co Investment Llc $68,400
Previous Owner Thompson Jimmy A $45,000
Closed Thompson Jimmy A $1,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2017 02/13/17 Sold $22,500 -6.3% --
01/31/2017 01/31/17 Pending -- -- --
01/17/2017 01/17/17 For Sale $24,000 -- --
Source: Montgomery Area Association of REALTORS®

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 $506 $10,200 $800 $9,400
2023 $506 $9,200 $800 $8,400
2022 $293 $8,040 $800 $7,240
2021 $221 $6,060 $0 $0
2020 $221 $6,920 $800 $6,120
2019 $232 $6,920 $800 $6,120
2018 $221 $6,060 $0 $0
2017 $221 $6,100 $800 $5,300
2014 $221 $6,100 $800 $5,300
2013 -- $5,600 $800 $4,800
Source: Public Records

Agents Affiliated with this Home

  • Jeremy Kelly

    Seller's Agent in 2017

    Jeremy Kelly

    Kelly Realty, LLC.

    (334) 595-9819

    14 Total Sales

    Jeremy Kelly
    Section Image
  • Tamara Hockenhull

    Buyer's Agent in 2017

    Tamara Hockenhull

    Gloria Frazier & Co. Realty

    (334) 233-8154

    115 Total Sales

    Tamara Hockenhull
    Section Image
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Map

Source: Montgomery Area Association of REALTORS®

MLS Number: 410880

Montgomery Area Association of REALTORS®

APN: 11-06-24-3-015-031.001

Alabama Montgomery County Montgomery 36105

720 Ridgemont Ave, Montgomery, AL

This home is located at 720 Ridgemont Ave, Montgomery, AL 36105 since 17 January 2017 and is currently estimated at $93,255. This property was built in 1955. 720 Ridgemont Ave is a home located in Montgomery County with nearby schools including E. D. Nixon Elementary School, Bellingrath Junior High School, and Lanier Senior High School.

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