NOT LISTED FOR SALE

Estimated Value: $68,313 - $189,000

5 Beds
2 Baths
1,566 Sq Ft
$66/Sq Ft Est. Value

Last Sold January 11, 2024

Last sale price $168,500 $108 Per Sq Ft

Est. 39% decrease in value since last sale

Current estimated payment $640/month

5 Days on Market

Highlights

  • Wood Flooring
  • Tarrant Elementary School Rated A-
  • Central Heating and Cooling System

About This Home

As of January 2024

Two Renovated Homes on One Lot! Gross rents of $1825/mo, all utilities metered separately to tenants, no expenses to owners. Front house is 3 bedrooms, rented for $975/mo. Back house is completely remodeled 2 bedrooms rented for $850/mo. 5 year leases on both with automatic 2.5% rent increases annually on anniversary date. Professional management in place offering free management for 3 months. For an accepted offer before New Years, seller offering a 2% of loan amount credit at closing, to use towards closing costs or 'buy down' your interest rate to further increase cash flow. Beautifully refinished hardwoods throughout both homes. New appliances with 90 day warranties. All new electrical, plumbing, water heater, roof less than 5 years old. Incredibly quiet street close to freeway and downtown Birmingham. Always will be a desirable rental. Set this one and forget it! MORE PHOTOS TO BE UPLOADED WITHIN 24-48 HOURS

Last Listed By

Davey Lanshaw

Bear Flag Property Management Listed on: 12/22/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $586

Year Built

  • Built in 1960

Lot Details

  • 7,013

Home Design

  • Duplex
  • Frame Construction

Schools

  • Tarrant Elementary And Middle School
  • Tarrant High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Wood Flooring
  • Crawl Space
  • Barbecue Area

Community Details

  • 2 Units
  • Gross Income $1,825

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$586

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Down Payment Assistance: Yes
  • Down Payment Assistance URL: https://www.workforce-resource.com/dpr/listing/GALMLS/21373112?w=PubMLS
  • Property Type: Duplex
  • Year Built Description: Existing
  • Year Built: 1960
  • Price Per Sq Ft: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Floors: Some Hardwood
  • Miscellaneous: BBQ Area

Exterior Features

  • Construction: Frame
  • Foundation: Crawl Space
  • Water Heater: Electric (WTRHTR)

Garage/Parking

  • Parking: 1 Space per Unit

Utilities

  • Heating: Central Control (HEAT)
  • Cooling: Central Control (COOL)
  • Sewer/Septic System: Connected
  • Water: Public Water

Condo/Co-op/Association

  • Total Units: 2

Schools

  • Elementary School: TARRANT
  • Middle School: TARRANT
  • High School: TARRANT

Lot Info

  • Assessor Parcel Number: 23-00-09-2-016-004.000

Rental Info

  • Tenant Pays: All Utilities (TENANT)

Tax Info

  • Tax District: TARRANT
  • Annual Tax: 586

Multi Family

  • Gross Income: 1825

MLS Schools

  • Elementary School: TARRANT
  • High School: TARRANT
  • Jr Middle School: TARRANT

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2023
Closed on
Jan 10, 2024
Sold by
Jenmar Llc
Bought by
Lewis Dalila
Seller's Agent
Davey Lanshaw
Bear Flag Property Management
Buyer's Agent
Judy Williams
RealtySouth-Inverness Office
List Price
$175,000
Sold Price
$168,500
Premium/Discount to List
-$6,500
-3.71%
Total Days on Market
5
Views
40
Current Estimated Value
$102,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$65,672
Avg. Annual Appreciation
-31.41%

Purchase Details

Closed on
Nov 10, 2023
Sold by
North William A
Bought by
Mcgriff Jane Denson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,750
Interest Rate
7.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2023
Sold by
North William A and North Robert H
Bought by
Jenmar Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,750
Interest Rate
7.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2009
Sold by
Douglas Janet Ellen and North Janet Ellen
Bought by
North Robert H

Purchase Details

Closed on
Jan 18, 2007
Sold by
Red River Land Development Corp Llc
Bought by
North William A and North Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,400
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2005
Sold by
Moore Norman and Moore Annie Marie
Bought by
Red River Land Development Corp Llc

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
Lewis Dalila $168,500 None Listed On Document
Mcgriff Jane Denson $142,000 --
Jenmar Llc $75,000 None Listed On Document
North Robert H -- None Available
North William A $52,500 None Available
Red River Land Development Corp Llc $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jenmar Llc $76,750
Previous Owner North William A $52,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2024 01/11/24 Sold $168,500 -3.7% $108 / Sq Ft
12/27/2023 12/27/23 Pending -- -- --
12/22/2023 12/22/23 For Sale $175,000 -- $112 / Sq Ft
Source: Greater Alabama MLS

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 $834 $14,780 -- --
2022 $585 $10,380 $2,720 $7,660
2021 $644 $11,420 $2,720 $8,700
2020 $615 $10,900 $2,720 $8,180
2019 $644 $12,860 $0 $0
2018 $636 $11,280 $0 $0
2017 $636 $11,280 $0 $0
2016 $827 $14,660 $0 $0
2015 $827 $15,540 $0 $0
2014 $864 $14,160 $0 $0
2013 $864 $14,160 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Greater Alabama MLS

MLS Number: 21373112

Greater Alabama MLS

APN: 23-00-09-2-016-004.000