$215,000
●
House -
Off Market
2230 County Rd 388
Valley, AL 36854
4 Beds
2 Baths
1,296 Ft²
$1,126
Est. Monthly
12.73%
Cap Rate
About This Property
If you want to live out of town but still close to everything, call
me today! This cozy home has been beautifully renovated, and you
must see to appreciate. The desirable split floor plan offers four
bedrooms and two full bathrooms. The kitchen has beautiful white
cabinets, stainless steel appliances, and a nice size pantry. The
home offers a new roof, new hvac, new LVP flooring, new carpet in
the bedrooms, and a new deck. Make your appointment today, this one
will not last long!
Unit Size
1,296 Ft²
Days on Market
47 days
Land Size
0.05 acres
Price per sqft
$166
Property Type
House
Property Taxes
$69
HOA Dues
-
Year Built
1971
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 9 months ago (GAMLS #10508941)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 2, 2025 | Sold | ||
| Sold | |||
| May 3, 2025 | In contract | - | |
| In contract | |||
| Apr 15, 2025 | Listed by Lori Terry Home Town Realty | $215,000 | |
| Listed by Lori Terry Home Town Realty | |||
| Mar 5, 2023 | No longer available | - | |
| No longer available | |||
| Mar 1, 2023 | Listed by Berkshire Hathaway Home Services Preferred Real Estate | $61,500 | |
| Listed by Berkshire Hathaway Home Services Preferred Real Estate | |||
| | |||
|
Investor Opportunity! This 3 Bedroom, one bathroom home in rural Chambers County is priced below the tax assessed value AND the home comes with two additional lots. One large lot at the corner of Chambers Drive (Co Rd 189) and Meadowbrook Road (Co Rd 189) and a lot at the corner of Cusseta Fairfax Highway (Co Rd 388) and Meadowbrook Road (Co. Rd. 189). The future owner can use the proceeds from the sale of the two lots to offset the costs of the repairs needed in the home, keep the lots together for a large yard, or build two additional homes on the property. Located only 17 minutes from Opelika, this home is being sold AS IS and will not qualify for FHA, VA or most conventional loans. Schedule a time for your client to view this opportunity before it is gone. The manager has listed the unit size as 1296 square feet.
| |||
Property Highlights
Parking Available
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Chambers
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Listed by: Hollie Foster, Lori Terry Home Town Realty
Last Updated: 9 months ago
Data Source: GAMLS, MLS# 10508941
Last Updated: 9 months ago
Data Source: GAMLS, MLS# 10508941
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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