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1040 Watersedge Circle

1040 Watersedge Circle, Birmingham, AL 35242
House in Shelby
Sold May 08, 2018
$912,500
$730,000 by Stifel Bank & Trust
Mortgage Due Jun 01, 2048
Sold Oct 05, 2001
$110,000
$560,567 by Colonial Svgs Fa
Mortgage Due Nov 01, 2032
1040 Watersedge Circle has been categorized by the local assessors in Birmingham, AL as a residential type of property. The building on the property was first built in 2002 and is 22 years old. Residents will have access to 5 full bathrooms. There are 6 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1040 Watersedge Circle has 6,332 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 3,330 ft and across the front of the lot is 1,169 ft. The area measurement of the land has been determined as 32,322 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage underground or in the basement for those who require parking. Residents will have the luxury of enjoying a screened porch. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as good. The roof of the building is made of shingle (not wood). The exterior walls of the building are made of brick. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1040 Watersedge Circle sold most recently in May 7, 2015 for a total of $912,500. If you work out the math, that's approximately a cost of $144.11 per sqft. Before that, the property was also sold for $110,000 in Oct 1, 2001. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,513 in taxes each year. 1040 Watersedge Circle was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $103,500. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Bedroom Count: 0
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: Good
  • Exterior Walls Type: Brick
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 1,478
  • Garage Type: Underground/basement
  • Parking Space Count: 0
  • Porch Type: Screened porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 32,322
  • Lot Size Depth Feet: 3,330
  • Lot Size Frontage Feet: 1,169
  • Total Building Area: 6,332
  • Building Area: 6,332
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 6,332
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HIGHLAND LAKES 3RD SECTOR PHASE 4
  • Land Acres: 0.742
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SEC/TWNSHP/RAN 4 19S 01W NBRHD: 01 HIGHLAND LAKES (ON WATER) R-2

Ownership

  • Current Owner : RUSSELL MICHAEL V
  • Current Owner 2: RUSSELL REBEKAH E
  • Previous Owner : SHEELER ALBERT W
  • Previous Owner 2: SHEELER PATRICIA A
  • Owner Before Previous Owner: HIGHLAND LAKES DEVELOPMENT LTD
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • School Tax School District: GM
  • Census Tract: 030216

Geography

  • Assessors Map Reference: MP 23 PG 165
  • District: 01
  • Parcel: 092040003094000
  • Lot: 378
  • Meridian: SEC 04 TWN 19S RNG 01W
  • Municipality: COUNTY
  • Latitude: 33.4044
  • Longitude: -86.6506

    Address

  • Full Address: 1040 Watersedge Cir
  • Address - House Number: 1040
  • Address - Street Name: Watersedge
  • Address - Suffix Type: Cir
  • State: AL
  • City Name: Birmingham
  • Carrier Code: R054
  • 4-Digit Zip Code: 2425
  • Zip Code: 35242

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,513

    Appraisal Valuation

  • Standard Deviation: 0.1466
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 1,207,939
  • High Value: 1,385,061
  • Low Value: 1,030,817

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $730,000
  • First Open Lien Mortgage Lender: STIFEL BANK & TRUST
  • First Open Lien Mortgage Recording Date: May 08, 2018
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $730,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2048

    Market Valuation

  • Market Total Value: $1,034,880
  • Market Land Value: $150,000
  • Market Improvement Value: $884,880

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $103,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 07, 2015
  • Current Sale Recording Date: May 08, 2018
  • Current Sale Transaction ID: 11463627653
  • Current Sale Price: $912,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20180508000156950
  • Previous Sale Recording Date: Oct 05, 2001
  • Previous Sale Contract Date: Oct 01, 2001
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STIFEL BANK & TRUST
  • First Mortgage Transaction Date: May 08, 2018
  • First Mortgage Loan Amount: $730,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jun 01, 2048

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: COLONIAL SVGS FA
  • Previous Mortgage Transaction Date: Oct 05, 2001
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $560,567
  • Previous Mortgage Term: 372
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Nov 01, 2032

About Highland Lakes



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Frequently Asked Questions

What neighborhood is 1040 Watersedge Circle located in?
The 1040 Watersedge Circle is a house located in the neighborhood of Shelby in Highland Lakes, Birmingham.
What is the average sales price for listings in 1040 Watersedge Circle?
The average sales price for units in 1040 Watersedge Circle is $0 currently.

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