7720 Madrid Ave Birmingham, AL 35206
South Eastlake NeighborhoodEstimated payment $8,595/month
About This Home
Welcome to 7720/7730 Madrid Ave, 20 light-filled Garden Apartment units. Market rents for these units now $800/door. Tenants have separate meters for electricity and water, owner pays trash and landscaping. Virtually all new HVAC, new water heaters majority, newly refinished parking lot, exterior lighting, new railings for both buildings to code, flooring and paint. Poised for long-term cash flow and appreciation. Less than 10 miles from downtown, East Lake is a desirable part of the city where tenants can be close to work, family, shopping centers, and nature. Quiet buildings occupied by working families. Professional Management in place with established tenant relationships for ease of transition, offering 3 months free rent collection and accounting.
Property Details
Home Type
- Condominium
Year Built
- Built in 1964
Home Design
- 754 Sq Ft Home
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Schools
- Barrett Elementary School
- Ossie Ware Mitchell Middle School
- Woodlawn High School
Utilities
- Central Air
- Heating Available
- Electric Water Heater
Community Details
- 20 Units
- Operating Expense $639
Listing and Financial Details
- The owner pays for other trash collection (owner)
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $14,267 | $196,780 | ||
| 2024 | $14,267 | $196,780 | ||
| 2022 | $6,877 | $94,860 | $14,000 | $80,860 |
| 2021 | $6,877 | $94,860 | $14,000 | $80,860 |
| 2020 | $7,130 | $98,340 | $14,000 | $84,340 |
| 2019 | $7,130 | $98,340 | $0 | $0 |
| 2018 | $4,778 | $65,900 | $0 | $0 |
| 2017 | $4,778 | $65,900 | $0 | $0 |
| 2016 | $5,213 | $71,900 | $0 | $0 |
| 2015 | $5,213 | $71,900 | $0 | $0 |
| 2014 | $4,920 | $70,780 | $0 | $0 |
| 2013 | $4,920 | $70,780 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/27/2026 07/27/26 | Pending | -- | -- | -- | |
| 07/01/2026 07/01/26 | For Sale | $1,350,000 | +39.9% | $1,790 / Sq Ft | |
| 05/18/2023 05/18/23 | Sold | $965,000 | -1.0% | $64 / Sq Ft | View Prior Sale |
| 03/30/2023 03/30/23 | For Sale | $975,000 | +25.0% | $65 / Sq Ft | |
| 04/14/2022 04/14/22 | Sold | $780,000 | -20.0% | $52 / Sq Ft | View Prior Sale |
| 01/14/2022 01/14/22 | For Sale | $975,000 | -- | $65 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $965,000 | -- | |
| Warranty Deed | $780,000 | -- | |
| Quit Claim Deed | $730,560 | -- | |
| Warranty Deed | $775,000 | -- | |
| Warranty Deed | $643,000 | -- | |
| Warranty Deed | $57,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $752,000 | New Conventional | |
| Previous Owner | $791,000 | Mortgage Modification | |
| Previous Owner | $730,560 | New Conventional | |
| Previous Owner | $581,000 | New Conventional | |
| Previous Owner | $581,000 | New Conventional |
Source: Greater Alabama MLS
MLS Number: 21459954
APN: 23-14-2-020-014.000-RR-00
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