J
Seller's Agent in 2025
James Martinez
Elysium Commercial Real Estate
97 Johnson Dr Cherokee, AL 35616
Estimated Value: $127,715 - $240,000
Studio
1
Bath
3,734
Sq Ft
$54/Sq Ft
Est. Value
About This Home
As of January 2025Property is a stabilzed property with a room for value add. CAP rate is 7.21% and Pro forma CAP is 8.47%. NOI is $15,851 Currently at 100% occupancy. Pro-forma is $18,633. Either a good add on to you're current portfolio or a great break in property for the rookie investor. the other address for sale with this is 361 Johnson Dr Cherokee, AL 35616
Last Agent to Sell the Property
James Martinez
Elysium Commercial Real Estate License #116284 Listed on: 03/28/2024
Last Buyer's Agent
NonMLSmember MEMBER
NON VALLEYMLS OFFICE
Property Details
Home Type
- Multi-Family
Lot Details
- 0.61
Home Design
- Brick Exterior Construction
Parking
- 10 Parking Spaces
- Private Parking
Schools
- Cherokee Elementary School
- Cherokee Middle School
- Cherokee High School
Utilities
- Central Heating and Cooling System
- Natural Gas Not Available
Additional Features
- Property has 1 Level
- 26,572 Sq Ft Lot
Community Details
- 2 Buildings
- 5 Units
- 3,734 Sq Ft Building
- Clifton Subdivision
Listing and Financial Details
- Tax Lot multi
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 28, 2024
Closed on
Jan 6, 2025
Sold by
Bought by
Seller's Agent
James Martinez
Elysium Commercial Real Estate
Buyer's Agent
NonMLSmember MEMBER
NON VALLEYMLS OFFICE
List Price
$220,000
Sold Price
$207,000
Premium/Discount to List
-$13,000
-5.91%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,071
Avg. Annual Appreciation
-2.32%
Original Mortgage
$211,281
Outstanding Balance
$169,539
Interest Rate
0.61%
Mortgage Type
Construction
Estimated Equity
$30,390
Purchase Details
Listed on
Jan 4, 2017
Closed on
May 26, 2017
Sold by
Bought by
Seller's Agent
Luticia Johnson
RE/MAX Tri-State
List Price
$71,000
Sold Price
$42,500
Premium/Discount to List
-$28,500
-40.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.09%
Original Mortgage
$68,000
Interest Rate
4.03%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 6, 2008
Sold by
Bought by
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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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $207,000 | -- | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
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 | Borrower | Loan Amount |
|---|---|---|---|
| Open | $211,281 | ||
| Previous Owner | $68,000 |
Source: Public Records
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 |
|---|---|---|---|---|---|
| 02/10/2025 02/10/25 | Off Market | $207,000 | -- | -- | |
| 01/07/2025 01/07/25 | Sold | $207,000 | -5.9% | $55 / Sq Ft | |
| 12/03/2024 12/03/24 | Pending | -- | -- | -- | |
| 06/14/2024 06/14/24 | For Sale | $220,000 | 0.0% | $59 / Sq Ft | |
| 04/28/2024 04/28/24 | Off Market | $220,000 | -- | -- | |
| 03/28/2024 03/28/24 | For Sale | $220,000 | +417.6% | $59 / Sq Ft | |
| 05/26/2017 05/26/17 | Sold | $42,500 | -40.1% | $30 / Sq Ft | View Prior Sale |
| 04/24/2017 04/24/17 | Pending | -- | -- | -- | |
| 01/04/2017 01/04/17 | For Sale | $71,000 | -- | $51 / Sq Ft |
Source: ValleyMLS.com
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 | $851 | $22,880 | $1,120 | $21,760 |
| 2024 | $1,101 | $21,800 | $940 | $20,860 |
| 2023 | $813 | $20,820 | $0 | $0 |
| 2022 | $713 | $18,940 | $0 | $0 |
| 2021 | $656 | $17,300 | $0 | $0 |
| 2020 | $600 | $15,720 | $0 | $0 |
| 2019 | $600 | $15,720 | $0 | $0 |
| 2018 | $600 | $15,720 | $0 | $0 |
| 2017 | $545 | $14,140 | $0 | $0 |
| 2016 | $544 | $14,100 | $0 | $0 |
| 2013 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2025
NonMLSmember MEMBER
NON VALLEYMLS OFFICE
-
Luticia Johnson
Seller's Agent in 2017
Luticia Johnson
RE/MAX
(256) 627-8314
30 Total Sales
Map
Source: ValleyMLS.com
MLS Number: 21856614
APN: 05-07-36-0-002-041.000
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