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1016 Parkmont Way

1016 Parkmont Way, Chelsea, AL 35043
House in Shelby
Sold Sep 05, 2017
$361,000
$288,800 by Cardinal Financial Company Lp
Mortgage Due Sep 01, 2047
Sold Feb 22, 2006
$359,000
$287,200 by Era Mortgage
Mortgage Due Mar 01, 2036
1016 Parkmont Way in Chelsea, AL was first built in 2005 and is 19 years old. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 1016 Parkmont Way has 2,852 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,097 ft and the linear feet between the front and back of the lot is 2,124. In total, the area measurement of the land is 23,958 square feet.

Learn more about the property and building on this page. There is a open porch. For those who need parking, there is a garage underground or in the basement. The condition of the building has been evaluated as good. The property was last sold in Aug 31, 2017 for $361,000. That's $126.58 per sqft. Prior to that sales transaction, the property was also sold in Feb 20, 2006 for $359,000. 1016 Parkmont Way was last assessed in 2023. The total value of the property was assessed at $47,940. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $2,068. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,101
  • Garage Type: Underground/basement
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 23,958
  • Lot Size Depth Feet: 2,124
  • Lot Size Frontage Feet: 1,097
  • Total Building Area: 2,852
  • Building Area: 2,852
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,852
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHELSEA PARK 1 ST SEC PH 1 & PH 2
  • Land Acres: 0.55
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SEC/TWNSHP/RAN 30 19S 01E NBRHD: 17 CHELSEA PARK (KINGSTON/DUNSMORE) R-2

Ownership

  • Current Owner : HATCH ASHLEY D
  • Current Owner 2: SPARKS ADAM K
  • Previous Owner : OGITREE NEWTON D
  • Previous Owner 2: OGITREE CAROLYN
  • Owner Before Previous Owner: SAIA DEVELOPMENT INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • School Tax School District: GM
  • Census Tract: 030219

Geography

  • Assessors Map Reference: MP 34 PG 21
  • District: 17
  • Parcel: 089303002005000
  • Lot: 1-84
  • Meridian: SEC 30 TWN 19S RNG 01E
  • Municipality: CHELSEA
  • Latitude: 33.3444
  • Longitude: -86.586

    Address

  • Full Address: 1016 Parkmont Way
  • Address - House Number: 1016
  • Address - Street Name: Parkmont
  • Address - Suffix Type: Way
  • State: AL
  • City Name: Chelsea
  • Carrier Code: R008
  • 4-Digit Zip Code: 7251
  • Zip Code: 35043

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,068

    Appraisal Valuation

  • Standard Deviation: 0.1487
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 510,739
  • High Value: 586,707
  • Low Value: 434,770

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $288,800
  • First Open Lien Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Open Lien Mortgage Recording Date: Sep 05, 2017
  • First Open Lien Mortgage Loan Amount: $288,800
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2047

    Market Valuation

  • Market Total Value: $479,400
  • Market Land Value: $110,000
  • Market Improvement Value: $369,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $47,940

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 31, 2017
  • Current Sale Recording Date: Sep 05, 2017
  • Current Sale Transaction ID: 1733544505
  • Current Sale Price: $361,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20170905000321910
  • Previous Sale Recording Date: Feb 22, 2006
  • Previous Sale Contract Date: Feb 20, 2006
  • Previous Sale Amount: $359,000
  • Previous Sale Document Type: Survivorship Deed

    Last Sale Mortgage

  • First Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Mortgage Transaction Date: Sep 05, 2017
  • First Mortgage Loan Amount: $288,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: ERA MORTGAGE
  • Previous Mortgage Transaction Date: Feb 22, 2006
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $287,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Mar 01, 2036

About Chelsea



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Frequently Asked Questions

What neighborhood is 1016 Parkmont Way located in?
The 1016 Parkmont Way is a house located in the neighborhood of Shelby in Chelsea, Chelsea.
What is the average sales price for listings in 1016 Parkmont Way?
The average sales price for units in 1016 Parkmont Way is $0 currently.

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