$780,000
SOLD APR 14, 2022

7720 Madrid Ave Birmingham, AL 35206

South Eastlake Neighborhood
40 Beds
20 Baths
15,080 Sq Ft
0.8 Acres

Recently Sold

$52 Per Sq Ft

20% Below List Price

45 Days on Market

About This Home

As of May 2023

Apartment building for sale in Eastlake area. Five of the 20 units are vacant at the time of listing with three of the five having been updated. Market rent between $525-$600. Property to be sold "as-is." Inspection to be allowed for/scheduled after accepted offer.

Last Agent to Sell the Property

Justin Jones

Keller Williams Homewood Listed on: 01/14/2022

Keller Williams Homewood

Last Buyer's Agent

Codi Feltman

eXp Realty, LLC Central License #120909-1

eXp Realty, LLC Central

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $7,129

Year Built

  • Built in 1964

Home Design

  • Brick Exterior Construction

Flooring

  • Wall to Wall Carpet
  • Laminate

Unfinished Basement

  • Partial Basement

Schools

  • Barrett Elementary School
  • Ossie Ware Mitchell Middle School
  • Woodlawn High School

Listing and Financial Details

  • Tenant pays for all utilities (tenant)
  • The owner pays for trash collection (owner)

Community Details

Overview

  • 20 Units

Building Details

  • Operating Expense $1,000
  • Gross Income $7,725

Property Details

Home Type

Apartment

Est. Annual Taxes

$7,129

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Down Payment Assistance: No
  • Property Type: Apartment
  • Year Built Description: Existing
  • Year Built: 1964
  • Price Per Sq Ft: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Floors: Laminate, Wall-to-Wall Carpet
  • Basement Style: Partial Basement
  • Basement Finished: All Unfinished

Exterior Features

  • Construction: Brick
  • Foundation: Basement
  • Water Heater: Individual Control

Utilities

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

Condo/Co-op/Association

  • Total Units: 20

Schools

  • Elementary School: BARRETT
  • Middle School: OSSIE WARE MITCHELL
  • High School: WOODLAWN

Lot Info

  • Assessor Parcel Number: 23-00-14-2-020-014.000

Rental Info

  • Owner Pays: Trash Collection (OWNER)
  • Tenant Pays: All Utilities (TENANT)

Tax Info

  • Tax District: BIRMINGHAM
  • Annual Tax: 7129

Multi Family

  • Expenses: 1000
  • Gross Income: 7725

MLS Schools

  • Elementary School: BARRETT
  • High School: WOODLAWN
  • Jr Middle School: OSSIE WARE MITCHELL

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2023 05/18/23 Sold $965,000 -1.0% $64 / Sq Ft
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
01/14/2022 01/14/22 For Sale $975,000 -- $65 / Sq Ft
Source: Greater Alabama MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Danny Gonzalez

    Seller's Agent in 2023

    Danny Gonzalez

    Real Broker LLC

    (205) 315-0054

    1 in this area

    27 Total Sales

    Section Image
  • Davey Lanshaw

    Buyer's Agent in 2023

    Davey Lanshaw

    Bear Flag Property Management

    (951) 777-0667

    8 in this area

    33 Total Sales

    Section Image
  • Justin Jones

    Seller's Agent in 2022

    Justin Jones

    Keller Williams Homewood

    (205) 520-3899

    8 in this area

    117 Total Sales

    Section Image

  • C

    Buyer's Agent in 2022

    Codi Feltman

    eXp Realty, LLC Central

    Section Image
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Map

Source: Greater Alabama MLS

MLS Number: 1308595

Greater Alabama MLS

APN: 23-14-2-020-014.000-RR-00

Alabama Jefferson County Birmingham 35206 South Eastlake

7720 Madrid Ave, Birmingham, AL

This home is located at 7720 Madrid Ave, Birmingham, AL 35206 and is currently priced at $780,000, approximately $51 per square foot. This property was built in 1964. 7720 Madrid Ave is a home located in Jefferson County with nearby schools including Barrett Elementary School, Ossie Ware Mitchell Middle School, and Woodlawn High School-Magnet.

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.

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