NOT LISTED FOR SALE

Mobile, AL 36607

Midtown Mobile Neighborhood

Estimated Value: $194,000 - $301,000

-- Bed
2 Baths
1,404 Sq Ft
$183/Sq Ft Est. Value

Last Sold June 09, 2023

Last sale price $242,000 $172 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,710/month

54 Days on Market

Highlights

  • 0.4 Acre Lot
  • Level Lot
  • Wood Siding
  • 1-Story Property

About This Home

As of June 2023

Fantastic value add opportunity on a residential rental portfolio in midtown Mobile, AL! Property addresses included in the listing are: 464 466 468 470 New Shiloh Ave (formerly Bay Shore Ave.) Mobile AL 36607 (4 Duplexes). VRM listing, sellers are entertaining offers between the upper and lower limits: $255,000-$305,000. 1 of the 8 units has an active HAP contract. Below market rents so there's good upside potential. Property is 100% occupied tenants are not to be disturbed. Contact us for a copy of the home inspection reports from the previous buyers.

Last Agent to Sell the Property

Bragan Jackson

Paul Carter Agency License #100025-1 Listed on: 03/22/2023

Last Buyer's Agent

Ivey Welch

eXp Realty Port City Downtown License #79859

eXp Realty Port City Downtown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,843

Year Built

  • 1984

Lot Details

  • 0.4 Acre Lot
  • Level Lot

Home Design

  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property

Parking

  • 2 Parking Spaces
  • Varies By Unit
  • Driveway Level

Schools

  • Holloway Elementary School
  • Booker T Washington Middle School

Utilities

  • Window Unit Cooling System
  • Phone Available
  • Cable TV Available

Community Details

  • 13 Units
  • Millville Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2908172000024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,843

Year Built

1984

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Legal Description: LOTS 25-28 DIV A MILLVILLE DBK 121 P 512 #SEC 17 T4S R1W #MP29 08 17 2 000
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Condition: Resale
  • Levels Stories: One
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1984

Property Details

  • Property: Residential Income

Interior Features

  • Window Features: None

Exterior Features

  • Construction Materials: Frame, Wood Siding
  • Roof Type: Composition

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking Features: Level Driveway, Varies by Unit

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Window Unit(s)
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Subdivision Complex: MILLVILLE

Schools

  • Elementary School: Holloway
  • Middle School: Booker T Washington
  • High School: Mobile - Other

Lot Info

  • Acres: 0.3964
  • Lot Features: Level
  • Lot Dimensions: x
  • Parcel Number: 2908172000024
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Multi Family

  • Unit Count: 8
  • Number Of Units Total: 13

Tax Info

  • Taxes: 1843.00
  • Assessor Parcel Number: 29-08-17-2-000-024.
  • Close Date: 2023-06-09
  • Tax Year: 2022

MLS Schools

  • Elementary School: Holloway
  • High School: Mobile - Other
  • Middle School: Booker T Washington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2024
Sold by
E3 & D Properties Llc
Bought by
Bayshore Joint Venture Partnership
Total Days on Market
54
Current Estimated Value
$256,927

Purchase Details

Listed on
Mar 22, 2023
Closed on
Jun 9, 2023
Sold by
Hunter Properties Inc
Bought by
E3 & D Investments Llc
Seller's Agent
Bragan Jackson
Paul Carter Agency
Buyer's Agent
Ivey Welch
eXp Realty Port City Downtown
List Price
$500,000
Sold Price
$242,000
Premium/Discount to List
-$258,000
-51.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.32%
Source: Public Records

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Range of Values:

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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
Bayshore Joint Venture Partnership $142,500 None Listed On Document
E3 & D Investments Llc $242,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2023 06/09/23 Sold $242,000 -13.6% $172 / Sq Ft
05/15/2023 05/15/23 Pending -- -- --
05/10/2023 05/10/23 Price Changed $280,000 -44.0% $199 / Sq Ft
03/22/2023 03/22/23 For Sale $500,000 -- $356 / Sq Ft
Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)

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 $3,279 $50,280 $12,080 $38,200
2023 $3,279 $28,460 $2,260 $26,200
2022 $1,843 $29,020 $2,260 $26,760
2021 $1,843 $29,020 $2,260 $26,760
2020 $1,843 $29,020 $2,260 $26,760
2019 $1,617 $25,460 $2,700 $22,760
2018 $1,617 $25,460 $0 $0
2017 $1,617 $25,460 $0 $0
2016 $1,668 $26,260 $0 $0
2013 $1,467 $22,380 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Bragan Jackson

    Paul Carter Agency

    (251) 709-8700

    1 in this area

    5 Total Sales

    Bragan Jackson
    Section Image
  • Ivey Welch

    Buyer's Agent in 2023

    Ivey Welch

    eXp Realty Port City Downtown

    (251) 753-6175

    28 in this area

    102 Total Sales

    Ivey Welch
    Section Image
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Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)

MLS Number: 7192387

Gulf Coast MLS (Mobile Area Association of REALTORS®)

APN: 29-08-17-2-000-024

Alabama Mobile County Mobile 36607

Midtown Mobile

This home since 22 March 2023 and is currently estimated at $256,927, approximately $182 per square foot. This property was built in 1984. This home is a home located in Mobile County with nearby schools including Holloway Elementary School, Booker T. Washington Middle School, and LeFlore High 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.

Gulf Coast MLS (Mobile Area Association of REALTORS®) 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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