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1501 Shelby Forest Lane

1501 Shelby Forest Lane, Chelsea, AL 35043
Property in Shelby
Sold Jul 30, 2021
$300,000
$289,987 by Assurance Financial Group Llc
Mortgage Due Aug 01, 2051
Sold Apr 06, 2020
$251,000
$251,000 by Mortgage Research Center Llc
Mortgage Due May 01, 2050
1501 Shelby Forest Lane has been categorized by the local assessors in Chelsea, AL as a residential type of property. The building on the property was first built in 2003 and is 21 years old. However, we must point out that the home was most recently renovated and altered in 2007. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1501 Shelby Forest Lane has 2,286 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 1,013 ft and across the front of the lot is 1,057 ft. The area measurement of the land has been determined as 26,659 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 open porch. Moving on to the building itself. The condition of the building has been evaluated as good. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1501 Shelby Forest Lane was last sold in Jul 16, 2021 for $300,000. According to our calculations, that's $131.23 per sqft. Prior to that sales transaction, the property was sold for $251,000 in Mar 31, 2020. Current property owners are expected to pay $1,370 in taxes per year. The property on 1501 Shelby Forest Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $32,060. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
Vinyl Siding

Parking

Covered Parking
RV Parking

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2007
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 552
  • Garage Type: Underground/basement
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 26,659
  • Lot Size Depth Feet: 1,013
  • Lot Size Frontage Feet: 1,057
  • Total Building Area: 2,286
  • Building Area: 2,286
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,286
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SHELBY FOREST ESTATES 4TH SECTOR
  • Land Acres: 0.612
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SEC/TWNSHP/RAN 17 20S 01W 2004 ANNEX RES # 03-10-07-120 NBRHD: 17 SHELBY FOREST R-2

Ownership

  • Current Owner : MCCLENDON JEFFERY S
  • Previous Owner : LANCASTER BRIAN
  • Previous Owner 2: LANCASTER MARISSA
  • Owner Before Previous Owner: RATH CHARLES R
  • Owner Before Previous Owner 2: RATH SYLVIA LEE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Shelby County School District
  • School Tax School District: GM
  • Census Tract: 030701

Geography

  • Assessors Map Reference: MP 26 PG 019
  • District: 17
  • Parcel: 154170000005105
  • Lot: 416
  • Meridian: SEC 17 TWN 20S RNG 01W
  • Municipality: CHELSEA
  • Latitude: 33.2904
  • Longitude: -86.6737

    Address

  • Full Address: 1501 Shelby Forest Ln
  • Address - House Number: 1501
  • Address - Street Name: Shelby Forest
  • Address - Suffix Type: Ln
  • State: AL
  • City Name: Chelsea
  • Carrier Code: R001
  • 4-Digit Zip Code: 5547
  • Zip Code: 35043

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,370

    Appraisal Valuation

  • Standard Deviation: 0.1661
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 79
  • Final Value: 381,736
  • High Value: 445,175
  • Low Value: 318,297

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $289,987
  • First Open Lien Mortgage Lender: ASSURANCE FINANCIAL GROUP LLC
  • First Open Lien Mortgage Recording Date: Jul 30, 2021
  • First Open Lien Mortgage Loan Amount: $289,987
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051

    Market Valuation

  • Market Total Value: $320,600
  • Market Land Value: $70,000
  • Market Improvement Value: $250,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,060

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 16, 2021
  • Current Sale Recording Date: Jul 30, 2021
  • Current Sale Transaction ID: 11845304131
  • Current Sale Price: $300,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20210730000369160
  • Previous Sale Recording Date: Apr 06, 2020
  • Previous Sale Contract Date: Mar 31, 2020
  • Previous Sale Amount: $251,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ASSURANCE FINANCIAL GROUP LLC
  • First Mortgage Transaction Date: Jul 30, 2021
  • First Mortgage Loan Amount: $289,987
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • Previous Mortgage Transaction Date: Apr 06, 2020
  • Previous Mortgage Loan Amount: $251,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: May 01, 2050

About Chelsea



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Frequently Asked Questions

What neighborhood is 1501 Shelby Forest Lane located in?
The 1501 Shelby Forest Lane is a located in the neighborhood of Shelby in Chelsea, Chelsea.
What is the average sales price for listings in 1501 Shelby Forest Lane?
The average sales price for units in 1501 Shelby Forest Lane is $0 currently.

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