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1843 Coral Lane

1843 Coral Lane, Montgomery, AL 36116
Multifamily in Montgomery
Sold Jan 13, 2022
$290,000
$290,000 by Usaa Federal Savings Bank
Mortgage Due Feb 01, 2052
Sold Sep 09, 2003
Transfer
$85,985 by Amsouth Bank
Mortgage Due Sep 08, 2008
Local assessors in Montgomery, AL have categorized 1843 Coral Lane as a residential type of property. The home was built in 1970 and is 54 years old. The property's lot size has been calculated to be 14,183 square feet. The linear feet between the front and back of the lot was measured at 1,100 ft and the front of the lot was measured at 1,258 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. As for the restroom situation, there are 5 full bathrooms. There are also 5 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1843 Coral Lane has a total of 5,196 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C-. The building has a mansard style roof that was made of asphalt and ply sheets in a built-up roof style. Lots of stucco were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. 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, 1843 Coral Lane sold most recently in Jan 12, 2022 for a total of $290,000. If you work out the math, that's approximately a cost of $55.81 per sqft. 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 $1,910 in taxes each year. 1843 Coral Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $38,840. If we break it down further, the land itself was valued at $3,120. Improvements to the property, however, were assessed at a total of $35,720. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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

Driveway

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

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Total Rooms: 20
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C-
  • Construction Type: Wood
  • Building Style: Duplex
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Mansard
  • Roof Cover Type: Built-up
  • Floor Count: 2
  • Living Units: 4
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 14,183
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 1,258
  • Total Building Area: 5,196
  • Building Area: 5,196
  • Building Area Measurement: Adjusted Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 5,196
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUNSHINE ACRES ADDITION
  • Land Acres: 0.33
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : POWELL BETTY A
  • Previous Owner : AYENI SAMSON E
  • Owner Before Previous Owner: BILL BLACK PROPERTIES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montgomery County School District
  • School Tax School District: 2
  • Census Tract: 003100

Zoning

  • Zoning: R-60-M

Geography

  • Assessors Map Reference: MAP 19 PG 35
  • Account Number: 260159
  • District: 2
  • Parcel: 10-09-31-4-002-052.000
  • Lot: 21
  • Meridian: SEC 31 TWN 16N RNG 18E
  • Municipality: MONTGOMERY CITY
  • Latitude: 32.317
  • Longitude: -86.2965

    Address

  • Full Address: 1843 Coral Ln
  • Address - House Number: 1843
  • Address - Street Name: Coral
  • Address - Suffix Type: Ln
  • State: AL
  • City Name: Montgomery
  • Carrier Code: C056
  • 4-Digit Zip Code: 2792
  • Zip Code: 36116

Valuation

    Tax

  • Total Area: 5,230
  • Tax Year: 2023
  • Tax Amount: $1,910

    Appraisal Valuation

  • Standard Deviation: 0.3553
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 28
  • Final Value: 276,092
  • High Value: 374,201
  • Low Value: 177,982

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $290,000
  • First Open Lien Mortgage Lender: USAA FEDERAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Jan 13, 2022
  • First Open Lien Mortgage Loan Amount: $290,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2052

    Market Valuation

  • Market Total Value: $194,200
  • Market Land Value: $15,600
  • Market Improvement Value: $178,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,840
  • Assessed Land Value: $3,120
  • Assessed Improvements Value: $35,720

    Sales

  • Current Sale Contract Date: Jan 12, 2022
  • Current Sale Recording Date: Jan 13, 2022
  • Current Sale Transaction ID: 11877941322
  • Current Sale Price: $290,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Sep 09, 2003
  • Previous Sale Contract Date: Sep 08, 2003
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: USAA FEDERAL SAVINGS BANK
  • First Mortgage Transaction Date: Jan 13, 2022
  • First Mortgage Loan Amount: $290,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Feb 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: AMSOUTH BANK
  • Previous Mortgage Transaction Date: Sep 09, 2003
  • Previous Mortgage Loan Amount: $85,985
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Sep 08, 2008

About Montgomery



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Frequently Asked Questions

What neighborhood is 1843 Coral Lane located in?
The 1843 Coral Lane is a multifamily located in the neighborhood of Montgomery in Montgomery, Montgomery.
What is the average sales price for listings in 1843 Coral Lane?
The average sales price for units in 1843 Coral Lane is $0 currently.

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