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Florence 35630
1101 Patterson Dr
Photo of 1101 Patterson Dr
Sold on Aug 14, 2026

18

Map

Photo of 1101 Patterson Dr
Photo of 1101 Patterson Dr
$150,000
● House - Off Market

1101 Patterson Dr

Florence, AL 35630
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,056 Ft²
$828
Est. Monthly

About This Property

Completely remodeled 3 bedroom, 2 bath home in a prime Florence location! This beautifully updated home offers modern style and convenience just minutes from both the University of North Alabama and 7 Points. Inside, you'll find luxury vinyl plank flooring throughout, brand-new kitchen cabinetry, stainless steel appliances, elegant crown molding, and fresh finishes from top to bottom. The layout provides comfortable living with updated bathrooms, a stylish kitchen perfect for entertaining, and move-in-ready condition. Conveniently located near shopping, dining, schools, and downtown Florence.
Unit Size
1,056 Ft²
Days on Market
91 days
Land Size
0.11 acres
Price per sqft
$152
Property Type
House
Property Taxes
$42
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 months ago (Realtracs #RTC3213604)

Price History

Date / Event Date Event Price
Aug 14, 2026 Sold
Premium
Sold
Jul 6, 2026 In contract -
In contract
May 13, 2026 Listed by CRC Realty, Inc. $160,000
Listed by CRC Realty, Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Total Rooms: 5
  • Bedroom Count: 0
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 6
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,704
  • Lot Size Depth Feet: 980
  • Lot Size Frontage Feet: 480
  • Total Building Area: 792
  • Building Area: 792
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 792
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000108
  • Standard Land Use Code: 1001
  • Legal Description 1: 48' X 98' LOT IN SE/4 OF SW/4 OF SEC 3 T3S R11W .11 AC/C FI 92 496 FR 64

Neighborhood

  • School District Name: Florence City School District
  • Census Tract: 010400

Geography

  • Account Number: 023341
  • District: WSFL001
  • Parcel: 24-02-03-3-006-050-000
  • Meridian: SEC 03 TWN 03S RNG 11W
  • Municipality: CITY OF FLORENCE
  • Latitude: 34.8151
  • Longitude: -87.6862

    Address

  • Full Address: 1101 Patterson Dr
  • Address - House Number: 1101
  • Address - Street Name: Patterson
  • Address - Suffix Type: Dr
  • State: AL
  • City Name: Florence
  • Carrier Code: C032
  • 4-Digit Zip Code: 3044
  • Zip Code: 35630

Valuation

    Tax

  • Total Area: 898
  • Tax Year: 2023
  • Tax Amount: $42,336
  • Tax Rate Code Area: CITY OF FL

    Appraisal Valuation

  • Standard Deviation: 0.2416
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 118,110
  • High Value: 146,654
  • Low Value: 89,566

    Market Valuation

  • Market Total Value: $43,160
  • Market Land Value: $3,500
  • Market Improvement Value: $39,660

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,640
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Florence

Stats & Trends

Median Asking:

$239,500

Sale Price/ft²

$146

Below Asking

0.02%

Average Days on Market

88

Average Home Size

2278 ft²

Average Home Age

42.6 years

Currently For Sale

5 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Realtracs

Listed by: Christopher A. Fowler, CRC Realty, Inc.
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3213604
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 1101 Patterson Drive built and last sold?
The property at 1101 Patterson Drive was built in 1940 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1101 Patterson Drive is $162,814.
What are some comparable homes to 1101 Patterson Drive?
There are currently no comparable homes to 1101 Patterson Drive.
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