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1612 Lanark Place

1612 Lanark Place, Birmingham, AL 35223
Sold Apr 30, 2019
$649,000
$628,300 by Cadence Bank
Mortgage Due Jan 01, 2052
Sold Jun 09, 2015
$657,500
1612 Lanark Place in Birmingham, AL was first built in 1930 and is 94 years old. Although, the building on the property was most recently renovated and altered in 2011. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1612 Lanark Place has 3,156 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 31,145 square feet.

Learn more about the property and building on this page. There is a open porch. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The home has a gable or hip style roof made of asphalt. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. The condition of the building has been evaluated as good. The exterior walls of the home are made of alum/vinyl siding. While the interior walls are made of plaster. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter 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, 1612 Lanark Place sold most recently in Apr 17, 2019 for a total of $649,000. If you work out the math, that's approximately a cost of $138.79 per sqft. Before that, the property was also sold for $657,500 in Jun 3, 2015. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $5,492 in taxes each year. 1612 Lanark Place was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $76,740. 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

Wood Exterior

Parking

Off Street Parking
On-Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 2011
  • Building Count: 2
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: Good
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Floor Cover: Wood
  • Basement Type: Unspecified basement
  • Basement Area: 1,520
  • Parking Space Count: 0
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 31,145
  • Total Building Area: 4,676
  • Gross Building Area: 4,676
  • Building Area: 3,156
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,156
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MILNER LAND CO 6TH 28-6-4
  • Land Acres: 0.715
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 2 BLK 17 MILNER LD COS 6TH ADD TO BHAM

Ownership

  • Current Owner : PENICK JOHN RUSSELL
  • Previous Owner : SMITH JAMES K
  • Owner Before Previous Owner: SHALLCROSS MELINDA
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: III

Neighborhood

  • School District Name: Birmingham City School District
  • Census Tract: 004800

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: Jun 04, 2028
  • Account Number: 361083
  • District: 035-0000
  • Parcel: 28-00-06-4-004-021.000
  • Block: 17
  • Lot: 2
  • Meridian: SEC 06 TWN 18S RNG 02W
  • Municipality: BIRMINGHAM-35
  • Latitude: 33.4967
  • Longitude: -86.7828

    Address

  • Full Address: 1612 Lanark Pl
  • Address - House Number: 1612
  • Address - Street Name: Lanark
  • Address - Suffix Type: Pl
  • State: AL
  • City Name: Birmingham
  • Carrier Code: C003
  • 4-Digit Zip Code: 1028
  • Zip Code: 35223

Valuation

    Tax

  • Total Area: 3,651
  • Tax Year: 2022
  • Tax Amount: $5,492
  • Tax Rate Code Area: 35

    Appraisal Valuation

  • Standard Deviation: 0.2282
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 54
  • Final Value: 1,098,400
  • High Value: 1,349,134
  • Low Value: 847,665

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $728,300
  • First Open Lien Mortgage Lender: CADENCE BANK
  • First Open Lien Mortgage Recording Date: Jan 20, 2022
  • First Open Lien Mortgage Loan Amount: $628,300
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Cash
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2052
  • Second Open Lien Mortgage Lender: CADENCE BANK
  • Second Open Lien Mortgage Recording Date: Dec 08, 2022
  • Second Open Lien Mortgage Loan Amount: $100,000
  • Second Open Lien Mortgage Term: 300
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Nov 01, 2047

    Market Valuation

  • Market Total Value: $767,400
  • Market Land Value: $355,000
  • Market Improvement Value: $412,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $76,740

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 17, 2019
  • Current Sale Recording Date: Apr 30, 2019
  • Current Sale Transaction ID: 11606321535
  • Current Sale Price: $649,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019040273
  • Previous Sale Recording Date: Jun 09, 2015
  • Previous Sale Contract Date: Jun 03, 2015
  • Previous Sale Amount: $657,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANCORP BANK
  • First Mortgage Transaction Date: Apr 30, 2019
  • First Mortgage Loan Amount: $649,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Red Mountain



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Frequently Asked Questions

What neighborhood is 1612 Lanark Place located in?
The 1612 Lanark Place is a house located in the neighborhood of Redmont Park in Red Mountain, Birmingham.
What is the average sales price for listings in 1612 Lanark Place?
The average sales price for units in 1612 Lanark Place is $0 currently.

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