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Lee 36854
1200 Lee Road 360 (walker Road)
$158,000 - $192,000
● Land - Off Market

1200 Lee Road 360 (walker Road)

Valley, AL 36854
bedrooms
Studio
bathrooms
0 Bath

About This Property

Unbelievable chance to own a deeded lot on Lake Hardiing. Lot 2 offers .71 acre with lake access and great views as well. The lot has underground power, county water, private boat ramp, and a seawall already in place. Great hardwood trees as well.   The lot is accessible by boat and  has the minimum required feet of water frontage for a boat dock. See plat and other documents in listing.
Unit Size
-
Days on Market
-
Land Size
0.71 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2018

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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.

Price History

Date / Event Date Event Price
Jun 2, 2024 No longer available -
No longer available
Oct 24, 2023 Listed $175,000
Listed
Sep 23, 2022 No longer available -
No longer available
Apr 24, 2022 Price Decreased $289,999
↓ $10K (3.3%)
Price Decreased
Feb 4, 2022 Listed $299,999
Listed
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 2
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 27
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 9
  • 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: 165,528
  • Total Building Area: 2,211
  • Building Area: 2,211
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,211
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PATRICK K WILLIAMS S/D
  • Land Acres: 0000003800
  • Standard Land Use Code: 1001
  • County Land Use Code: 111
  • Legal Description 1: TRACT 1 S/D OF THE PROPERTY OF PATRICK K WILLIAMS PLAT 38-88 SEC 20 T20N R29E

Neighborhood

  • School District Name: Chambers County School District
  • Census Tract: 041803

Geography

  • Account Number: 129687
  • Subdivision Tract Number: 1
  • Parcel: 01-04-20-0-000-005-001
  • Lot: 1
  • Meridian: SEC 20 TWN 20N RNG 29E
  • Municipality: COUNTY
  • Latitude: 32.7084
  • Longitude: -85.1613

    Address

  • Full Address: 1200 Lee Road 372
  • Address - House Number: 1200
  • Address - Street Name: Lee Road 372
  • State: AL
  • City Name: Valley
  • Carrier Code: R002
  • 4-Digit Zip Code: 7030
  • Zip Code: 36854

Valuation

    Tax

  • Total Area: 2,646
  • Tax Year: 2023
  • Tax Amount: $130,530
  • Tax Rate Code Area: 05

    Appraisal Valuation

  • Standard Deviation: 0.1293
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 85
  • Final Value: 397,098
  • High Value: 448,446
  • Low Value: 345,751

    Market Valuation

  • Market Total Value: $331,160
  • Market Land Value: $53,500
  • Market Improvement Value: $277,660

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,116
  • Assessed Land Value: $5,350
  • Assessed Improvements Value: $27,766

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 30, 2017
  • Current Sale Recording Date: Jun 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 36
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 Lee

Stats & Trends

Median Asking:

$355,000

Sale Price/ft²

$183

Below Asking

0.01%

Average Days on Market

81

Average Home Size

4935 ft²

Average Home Age

21 years

Currently For Sale

15 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

Rentals Near You

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Frequently Asked Questions

When was property at 1200 Lee Road 360 built and last sold?
The property at 1200 Lee Road 360 was built in 2018 and last sold on Jun 30, 2017 for $27,740.
How much is this home worth?
The estimated value of the home located at 1200 Lee Road 360 is $176,750.
What are some comparable homes to 1200 Lee Road 360?
There are currently no comparable homes to 1200 Lee Road 360.
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