1657 Lee Ave SW, Birmingham, AL 35211

3 beds, 1 bath, 1,326 sqft
Sold: $10,000
Sold on 05/30/12
Zestimate®: $39,469
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Click here to view details of auction id 634525 :Auction Starts: 05-08-14 05:00 PM ETAuction Closes: 05-15-14 05:00 PM ET1657 Lee Ave SW, Birmingham AL 35211 Sold with NO back taxes. There are No liens on the property.3 Bed, 1 Bath- 1,326 sq ft Lot 7,000 sq ftIdeal for owner occupier or get an excellent rental income from this single family propertyGross rental income potential: $750/month (hotpads.com)External walls: Brick with siding. The property is generally in a fair condition, needs some repairs and updating.1 story, 6 rooms in total- Built 1945 Location:Nice neighbourhood, with all surrounding houses in good condition and occupied. Close to several schools. Excellent Income Potential:Good rental demand in this area for this type of property.Rent Estimate $750/month.*hotpads.comReal estate Taxes: $647/ year. Sold AS IS, WHERE ISNo back taxes and liens:There are currently No Back Real Estate Taxes. The Buyer assumes current and future taxes. There are No liens showing on the Public records. Buyer will be responsible for a $500 deed prep and doc fee' and an 9% premium (Minimum $250). Winning bidder must contact the seller within 24 Hours after the close of the auction with full details of the buyer.10% non-refundable deposit (Minimum $1,000), auction premium (Minimum $250) and $500 deed preparation fee' to be paid within 48 hours of auction close.Final Payment to be made to the title company within 2 weeks of the Auction closeAll bidders to do their due diligence. Auction is for the transfer of the interest of Princeton Commercial Property Holdings LLC in the property through a Quit Claim Deed. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property.  MoreLess
 
Facts
  • Lot: 7,000 sqft
  • Single Family
  • Built in 1925
  • Cooling: Central
  • Heating: Forced air
  • Last sold: May 2012 for $10,000
  • Price/sqft: $8
Construction
  • Roof type: Asphalt
  • Room count: 6
  • # Stories: 1.0
  • Unit count: 1
Other
  • Floor size: 1,326 sqft
  • Lot depth: 140
  • Lot width: 50
  • Parcel #: 29092020006000RR00
  • Zillow Home ID: 1000126
Home Values
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$39,469
+$2,213 Last 30 daysd
$32K
$47K
Zestimate range
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$744/mo
+$4 Last 30 daysd
$647
$781
Zestimate range
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Neighborhood for 1657 Lee Avenue Sw

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Zillow predicts 35211 home values will increase 1.6% next year, compared to a 2.6% rise for Birmingham as a whole. Among 35211 homes, this home is valued 23.7% less than the midpoint (median) home, and is valued 83.3% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In the 35211 market, the number of foreclosures waiting to be sold fell 7.2% in the last year. The number of unsold foreclosures is 85.7% higher than in Birmingham, and 80.6% less than the national average. This higher local number may prevent 35211 home values from rising as quickly as other regions in Birmingham.

Learn more about forecast calculations or 35211 home values.
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