NOT LISTED FOR SALE

7900 Rainey Ln Cottondale, AL 35453

Estimated Value: $338,000 - $350,000

3 Beds
2.5 Baths
3,218 Sq Ft
$107/Sq Ft Est. Value

Last Sold August 04, 2017

Last sale price $433,000 $135 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $1,928/month

137 Days on Market

Highlights

  • Guest House
  • 31 Acre Lot
  • Breakfast Area or Nook
  • Greenhouse
  • Wood Burning Stove
  • Fireplace

About This Home

As of August 2017

Truly a one-of-a-kind property! Includes 31 acres, the main house (close to 2500 sq ft), guest house/apartment, custom workshop (with built in I-beam with a one ton chain hoist and built in work benches), gazebo, greenhouse, four sheds (ranging from a potting shed to a large shed that would house a boat, RV, etc). Kitchen in the main house has new granite and new appliances. 9' ceilings or vaulted throughout most of the house. "Hearthstone" wood stove. Large laundry room and laundry chute from the 2nd floor. New shingles & heat pump (2014). Custom, built-in 125 gallon aquarium. Located just 3 miles from I-59 and 10-15 minutes from most shopping in Tuscaloosa. This is a nature lover's paradise with a walking trail around the property and plenty of wildlife and plants to keep you enraptured.

Last Agent to Sell the Property

Hannah Riddering

Carrie Fitts Real Estate Listed on: 02/18/2017

Last Buyer's Agent

Allison Adams

Lake Homes Realty of West Alab

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $642

Year Built

  • Built in 1993

Lot Details

  • 31

Parking

  • Gravel Driveway

Home Design

  • Shingle Roof
  • Composition Roof
  • Cedar

Interior Spaces

  • 3,218 Sq Ft Home
  • Fireplace
  • Wood Burning Stove
  • Breakfast Area or Nook
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Greenhouse
  • Separate Outdoor Workshop
  • Shed
  • Outbuilding

Schools

  • Cottondale Elementary School
  • Davis Emerson Middle School
  • Holt High School

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater
  • Septic Tank
  • Satellite Dish

Additional Features

  • 31 Acre Lot
  • Guest House

Listing and Financial Details

  • Assessor Parcel Number 37-01-01-3-003-002.003

Home Details

Home Type

Single Family

Est. Annual Taxes

$642

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 31.0
  • Subdivision Name: None
  • Directions: I59N, take exit 77 and turn right onto Buttermilk Rd. After Bryant High School, take a left onto Rainey Lane (across from Woodland Forest Gardens entrance). Follow Rainey Lane until it ends (appox 1.2 miles).
  • Architectural Style: Other
  • Year Built Details: 21-25
  • Year Built: 1993
  • Property Sub Type Additional: Single Family Residence
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Year Built: 1993

Interior Features

  • Appliances: Electric Water Heater
  • Other Equipment: Satellite Dish
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning Stove
  • Fireplace: Yes
  • Interior Amenities: Breakfast Area
  • Living Area: 3218.0

Exterior Features

  • Pool Features: None
  • Construction Type: Cedar
  • Exterior Features: Shed, Concrete Driveway, Gravel Driveway
  • Other Structures: Guest House, Greenhouse, Outbuilding, Shed(s), Workshop
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Features: Driveway, Gravel

Utilities

  • Laundry Features: Laundry Room
  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Septic Tank

Schools

  • Elementary School: Cottondale
  • High School: Holt
  • Middle Or Junior School: Davis Emerson

Lot Info

  • Parcel #: 37-01-01-3-003-002.003
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2017
Closed on
Aug 4, 2017
Sold by
Rainey William Larry
Bought by
Collins Cecily A and Collins Robert J
Seller's Agent
Hannah Riddering
Carrie Fitts Real Estate
Buyer's Agent
Allison Adams
Lake Homes Realty of West Alab
List Price
$499,900
Sold Price
$433,000
Premium/Discount to List
-$66,900
-13.38%
Current Estimated Value
$344,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$89,000
Avg. Annual Appreciation
-2.73%
Original Mortgage
$346,400
Outstanding Balance
$292,470
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$54,030
Source: Public Records

Range of Values:

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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
Collins Cecily A $43,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins Cecily A $346,400
Previous Owner Rainey William L $269,500
Previous Owner Findley Stephen $95,000
Previous Owner Rainey William Larry $285,000
Previous Owner Rainey William L $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2017 08/04/17 Sold $433,000 -13.4% $135 / Sq Ft
07/05/2017 07/05/17 Pending -- -- --
02/18/2017 02/18/17 For Sale $499,900 -- $155 / Sq Ft
Source: West Alabama Multiple Listing Service

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 $642 $53,100 $9,640 $43,460
2023 $642 $53,100 $9,640 $43,460
2022 $641 $53,100 $9,640 $43,460
2021 $638 $53,100 $9,640 $43,460
2020 $655 $27,140 $4,820 $22,320
2019 $890 $34,080 $5,510 $28,570
2018 $889 $34,080 $5,510 $28,570
2017 $978 $0 $0 $0
2016 $1,002 $0 $0 $0
2015 $934 $0 $0 $0
2014 -- $29,590 $3,510 $26,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: West Alabama Multiple Listing Service

MLS Number: 109873

West Alabama Multiple Listing Service

APN: 37-01-01-3-003-002.003