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1601 Wells Avenue Southeast

1601 Wells Avenue Southeast, Huntsville, AL 35801
Multifamily in Madison
Sold Oct 25, 2021
$415,000
$282,000 by Guaranteed Rate Inc
Mortgage Due Nov 01, 2051
Sold Nov 22, 2019
$205,000
$200,500 by Certain Lending Inc
Mortgage
1601 Wells Avenue Southeast has been categorized by the local assessors in Huntsville, AL as a residential type of property. The building on the property was first built in 1984 and is 40 years old. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1601 Wells Avenue Southeast has 2,615 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 650 ft and across the front of the lot is 1,200 ft. The area measurement of the land has been determined as 7,797 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. The building has a gable or hip style roof made of asphalt. The exterior walls of the building are made of brick. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. 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, 1601 Wells Avenue Southeast sold most recently in Oct 20, 2021 for a total of $415,000. If you work out the math, that's approximately a cost of $158.70 per sqft. Before that, the property was also sold for $205,000 in Nov 19, 2019. 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 $4,865 in taxes each year. 1601 Wells Avenue Southeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $83,880. If we break it down further, the land itself was valued at $15,200. Improvements to the property, however, were assessed at a total of $68,680. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Good
  • Construction Type: Wood
  • Building Style: Duplex
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,797
  • Lot Size Depth Feet: 650
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 2,615
  • Gross Building Area: 2,615
  • Building Area: 2,615
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,615
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EAST HUNTSVILLE ADD
  • Land Acres: 0.179
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: THE S 1/2 OF LOTS 14, 15, & 16 ALL LYING ABOVE THE N MAR OF WELLS AVE BLK 129 EAST HUNTSVILLE ADD PB 1 PG 35

Ownership

  • Current Owner : CHAN SYLVIA
  • Current Owner 2: NG SONIA
  • Previous Owner : MORROW ANNA KIMBROUGH
  • Owner Before Previous Owner: STRIHAFKA FRANCIS O
  • Owner Before Previous Owner 2: STRIHAFKA LOUIS ALAN

Neighborhood

  • School District Name: Huntsville City School District
  • Census Tract: 001000

Geography

  • Account Number: 582405
  • Parcel: 13-09-31-2-007-072.000
  • Block: 129
  • Lot: 14-16
  • Meridian: SEC 31 TWN 03S RNG 01E
  • Municipality: HUNTSVILLE
  • Latitude: 34.7347
  • Longitude: -86.5666

    Address

  • Full Address: 1601 Wells Ave Se
  • Address - House Number: 1601
  • Street Segment Direction: SE
  • Address - Street Name: Wells
  • Address - Suffix Type: Ave
  • State: AL
  • City Name: Huntsville
  • Carrier Code: C061
  • 4-Digit Zip Code: 1927
  • Zip Code: 35801

Valuation

    Tax

  • Total Area: 2,622
  • Tax Year: 2023
  • Tax Amount: $4,865

    Appraisal Valuation

  • Standard Deviation: 0.2236
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 69
  • Final Value: 408,674
  • High Value: 500,064
  • Low Value: 317,284

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $282,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Oct 25, 2021
  • First Open Lien Mortgage Loan Amount: $282,000
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $419,400
  • Market Land Value: $76,000
  • Market Improvement Value: $343,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $83,880
  • Assessed Land Value: $15,200
  • Assessed Improvements Value: $68,680

    Sales

  • Current Sale Contract Date: Oct 20, 2021
  • Current Sale Recording Date: Oct 25, 2021
  • Current Sale Transaction ID: 11864560148
  • Current Sale Price: $415,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021-00088724
  • Previous Sale Recording Date: Nov 22, 2019
  • Previous Sale Contract Date: Nov 19, 2019
  • Previous Sale Amount: $205,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Oct 25, 2021
  • First Mortgage Loan Amount: $282,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: CERTAIN LENDING INC
  • Previous Mortgage Transaction Date: Nov 22, 2019
  • Previous Mortgage Loan Amount: $200,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 1601 Wells Avenue Southeast located in?
The 1601 Wells Avenue Southeast is a multifamily located in the neighborhood of Madison in Huntsville, Huntsville.
What is the average sales price for listings in 1601 Wells Avenue Southeast?
The average sales price for units in 1601 Wells Avenue Southeast is $0 currently.

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