NOT LISTED FOR SALE

901 N Wood Ave Florence, AL 35630

North Florence Neighborhood

Estimated Value: $902,000 - $1,148,000

-- Bed
1 Bath
6,291 Sq Ft
$163/Sq Ft Est. Value

Last Sold June 20, 2016

Last sale price $120,000 $19 Per Sq Ft

Est. 719% increase in value since last sale

Current estimated payment $5,900/month

427 Days on Market

About This Home

As of June 2016

Priced at only $25/s.f. Good rental history. Nice property to cater to University Students. Property is an excellent candidate for updating and raising rents. Annual rents are approximately $13,000 below market rents for 6 more modern units. ($495/2br) ($395/1br) Annual Avg. Historical Income: $21,375 Annual Avg. Historical Expenses: $9,000 Unit Mix: (5)two bedroom 1 bath. (1) one bedroom one bath. Rents: 3units @ $350/mo. 2units @ $300/mo 1unit @ $225/mo. Total Possible Annually $22,500 Taxes: $1,800 Insurance $3,200. All units have separate meters. Tenants pay all utilities.

Last Agent to Sell the Property

Steve Humphries

Knight and Humphries, Inc. License #000078523-0 Listed on: 01/07/2015

Last Buyer's Agent

Steve Humphries

Knight and Humphries, Inc. License #000078523-0 Listed on: 01/07/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,249

Year Built

  • Built in 1901

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 50' x 192'

Parking

  • On-Street Parking

Home Design

  • 6,291 Sq Ft Home
  • Steel Frame
  • Shingle Roof
  • Composition Roof

Flooring

  • Wood
  • Carpet
  • Linoleum
  • Tile

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 24-02-10-1-002-031-000

Community Details

Overview

  • 6 Units
  • City Subdivision

Building Details

  • Gross Income $21,375

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,249

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Class: MultiFamily
  • Type: Multiple Dwellings
  • Built Before 1978 (Y/N): No
  • Easements: None
  • Frontage Len: 50
  • Internet Addr Display Y N: Yes
  • Internet Auto Val Display Y N: Yes
  • Lot Dimensions: 50' X 192'
  • Road Frontage Type: City Street
  • Shoals Pic Orig I D: 390706
  • Subdivision Name: City
  • Agent Only_ L A1 User Code: S180_37918
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Linoleum, Tile (Flooring), Wood (Flooring)
  • NumberOfBuildings: 1
  • Price Per S Q F T: 19.07

Exterior Features

  • Construction Materials: Frame/Steel
  • Roof: Composition, Shingle
  • Waterfront: No

Garage/Parking

  • Parking Features: Off Street, On Street

Utilities

  • Cooling: Window Unit(s)
  • Heating: Natural Gas

Lot Info

  • Range Aces: 0-.99 acres
  • Acres: 0.22
  • Parcel Num: 24-02-10-1-002-031-000

Building Info

  • Year Built: 1901
  • BuildingAreaTotal: 6291

Multi Family

  • GrossIncome: 21375
  • OperatingExpense: 9000
  • Total Units: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 9, 2020
Sold by
Cornwell Properties Llc
Bought by
Hcs Holdings Llc
Current Estimated Value
$982,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Outstanding Balance
$907,808
Interest Rate
3.3%
Mortgage Type
Commercial
Estimated Equity
$74,549

Purchase Details

Closed on
May 5, 2017
Sold by
Chs Investments Llc
Bought by
Cornwell Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 7, 2015
Closed on
Jun 17, 2016
Sold by
Harrison W B and Harrison Martha J
Bought by
Chs Investments Llc
Seller's Agent
Steve Humphries
Knight and Humphries, Inc.
Buyer's Agent
Steve Humphries
Knight and Humphries, Inc.
List Price
$159,000
Sold Price
$120,000
Premium/Discount to List
-$39,000
-24.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.90%
Original Mortgage
$96,000
Interest Rate
3.58%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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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
Hcs Holdings Llc $763,000 None Available
Cornwell Properties Llc -- None Available
Chs Investments Llc $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hcs Holdings Llc $1,020,000
Previous Owner Cornwell Properties Llc $320,000
Previous Owner Chs Investments Llc $96,000
Previous Owner Chs Investments Llc $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2016 06/20/16 Sold $120,000 -24.5% $19 / Sq Ft
03/09/2016 03/09/16 Pending -- -- --
01/07/2015 01/07/15 For Sale $159,000 -- $25 / Sq Ft
Source: Strategic MLS Alliance (Cullman / Shoals Area)

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 $6,249 $127,540 $2,200 $125,340
2023 $6,249 $1,980 $1,980 $0
2022 $4,733 $96,600 $0 $0
2021 $3,910 $79,800 $0 $0
2020 $3,433 $70,060 $0 $0
2019 $1,842 $37,600 $0 $0
2018 $1,904 $38,860 $0 $0
2017 $1,755 $37,840 $0 $0
2016 $1,755 $35,820 $0 $0
2015 $1,755 $35,820 $0 $0
2014 -- $33,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Steve Humphries

    Knight and Humphries, Inc.

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Map

Source: Strategic MLS Alliance (Cullman / Shoals Area)

MLS Number: 163824

Strategic MLS Alliance (Cullman / Shoals Area)

APN: 24-02-10-1-002-031.000

Alabama Lauderdale County Florence 35630 North Florence

901 N Wood Ave, Florence, AL

This home is located at 901 N Wood Ave, Florence, AL 35630 since 07 January 2015 and is currently estimated at $1,024,040, approximately $162 per square foot. This property was built in 1901. 901 N Wood Ave is a home located in Lauderdale County with nearby schools including Florence Freshman Center, Florence High School, and St. Joseph Regional Catholic School.

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.

Strategic MLS Alliance (Cullman / Shoals Area) 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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