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1701 Dr Martin Luther King Jr Avenue

1701 Dr Martin Luther King Jr Avenue, Mobile, AL 36617
House in Gorgas
Sold Oct 22, 2018
$109,001
Buyer
$212,300 by Lima One Capital Llc
Mortgage Due Oct 01, 2052
Sold Sep 29, 2004
$38,000
$33,343 by Tyson Johnson
Mortgage
1701 Dr Martin Luther King Jr Avenue has been categorized by the local assessors in Mobile, AL as a residential type of property. The building on the property was first built in 1979 and is 45 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, 1701 Dr Martin Luther King Jr Avenue has 1,473 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 1,100 ft and across the front of the lot is 580 ft. The area measurement of the land has been determined as 6,766 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. Residents will have the luxury of enjoying a open porch. The building has a gable or hip style roof made of asphalt. The exterior walls of the building are made of stucco. 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, 1701 Dr Martin Luther King Jr Avenue sold most recently in Dec 20, 2006 for a total of $109,001. If you work out the math, that's approximately a cost of $71.10 per sqft. Before that, the property was also sold for $38,000 in Sep 19, 2003. 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 $681 in taxes each year. 1701 Dr Martin Luther King Jr Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $10,560. If we break it down further, the land itself was valued at $1,020. Improvements to the property, however, were assessed at a total of $9,540. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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

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

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 6,766
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 580
  • Total Building Area: 1,533
  • Building Area: 1,533
  • Building Area Measurement: Adjusted Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,473
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ST CHARLES AVENUE
  • Land Acres: 0.155
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BEG 322 FT SLY FROM SW COR CASSIDY ST & MLK AV CONT SLY 57.5 FT WLY 105 FT NLY 57.5 FT ELY 121 FT TO POB #SEC 44 T4S R1W

Ownership

  • Current Owner : MIR LLC
  • Previous Owner : HODGES CHAPEL LLC
  • Owner Before Previous Owner: JOHNSON TYSON
  • Owner Before Previous Owner 2: JOHNSON ANNIE
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Mobile County School District
  • Census Tract: 000600

Geography

  • Account Number: 00705703
  • Parcel: 29 02 44 0 030 317.XXX
  • Meridian: SEC 44 TWN 4S RNG 1W
  • Municipality: MOBILE
  • Latitude: 30.7074
  • Longitude: -88.0751

    Address

  • Full Address: 1701 Dr Martin L King Jr Ave
  • Address - House Number: 1701
  • Address - Street Name: Dr Martin L King Jr
  • Address - Suffix Type: Ave
  • State: AL
  • City Name: Mobile
  • Carrier Code: C007
  • 4-Digit Zip Code: 3905
  • Zip Code: 36617

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $681

    Appraisal Valuation

  • Standard Deviation: 0.483
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 3
  • Final Value: 130,745
  • High Value: 193,900
  • Low Value: 67,589

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $212,300
  • First Open Lien Mortgage Lender: LIMA ONE CAPITAL LLC
  • First Open Lien Mortgage Recording Date: Sep 15, 2022
  • First Open Lien Mortgage Loan Amount: $212,300
  • 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: Oct 01, 2052

    Market Valuation

  • Market Total Value: $52,800
  • Market Land Value: $5,100
  • Market Improvement Value: $47,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $10,560
  • Assessed Land Value: $1,020
  • Assessed Improvements Value: $9,540

    Sales

  • Current Sale Contract Date: Dec 20, 2006
  • Current Sale Recording Date: Oct 22, 2018
  • Current Sale Transaction ID: 11528224777
  • Current Sale Price: $109,001
  • Current Sale Document Type: Foreclosure
  • Current Sale Input Document Number: 2018059624
  • Previous Sale Recording Date: Sep 29, 2004
  • Previous Sale Contract Date: Sep 19, 2003
  • Previous Sale Amount: $38,000
  • Previous Sale Document Type: Vendor's Lien

    Previous Mortgages

  • Previous Mortgage Lender: TYSON JOHNSON
  • Previous Mortgage Transaction Date: Sep 29, 2004
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $33,343
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Seller take-back

About Gorgas



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Frequently Asked Questions

What neighborhood is 1701 Dr Martin Luther King Jr Avenue located in?
The 1701 Dr Martin Luther King Jr Avenue is a house located in the neighborhood of Gorgas in Gorgas, Mobile.
What is the average sales price for listings in 1701 Dr Martin Luther King Jr Avenue?
The average sales price for units in 1701 Dr Martin Luther King Jr Avenue is $0 currently.

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