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2503 Old River Road Southeast

2503 Old River Road Southeast, Decatur, AL 35603
Property in Morgan
Sold Apr 05, 2021
$385,000
$398,860 by Loandepot.com Llc
Mortgage Due Apr 01, 2051
Sold Jul 31, 2017
$165,000
$168,300 by Traditions Bank
Mortgage
Local assessors in Decatur, AL have categorized 2503 Old River Road Southeast as a residential type of property. The home was built in 1968 and is 56 years old. The property's lot size has been calculated to be 209,088 square feet. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2503 Old River Road Southeast has a total of 3,870 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 unknown so you'll have a great option in the front of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is fair. 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 gable or hip style roof that was made of asphalt. Lots of brick 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2503 Old River Road Southeast was last sold in Mar 29, 2021 for $385,000. According to our calculations, that's $99.48 per sqft. Prior to that sales transaction, the property was sold for $165,000 in Jul 28, 2017. Current property owners are expected to pay $1,899 in taxes per year. The property on 2503 Old River Road Southeast was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $42,940. To break that down further, the land itself was valued at $10,010. While improvements to the property were assessed at a total of $32,930. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Fair
  • Building Quality: C+
  • Construction Type: Wood
  • 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
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 209,088
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,870
  • Building Area: 3,870
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 3,870
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 4.8
  • Standard Land Use Code: Single family residential
  • Legal Description 1: THE S1/2 OF NE1/4 OF SE1/4 OF SW1/4 OF SEC 35 T5S R4W LESS & EXC ROW FOR RD

Ownership

  • Current Owner : WELCH DERRICK
  • Current Owner 2: WELCH HEATHER
  • Previous Owner : MILLER RICHARD A
  • Previous Owner 2: MILLER HOLLIE L
  • Owner Before Previous Owner: RUSSELL LEE M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Decatur City School District
  • School Tax School District: DECATUR
  • Census Tract: 005404

Geography

  • Account Number: 371260
  • Parcel: 03-07-35-3-001-013.000
  • Meridian: SEC 35 TWN 5S RNG 4W
  • Municipality: DECATUR
  • Latitude: 34.5612
  • Longitude: -86.9217

    Address

  • Full Address: 2503 Old River Rd Se
  • Address - House Number: 2503
  • Street Segment Direction: SE
  • Address - Street Name: Old River
  • Address - Suffix Type: Rd
  • State: AL
  • City Name: Decatur
  • Carrier Code: R011
  • 4-Digit Zip Code: 5541
  • Zip Code: 35603

Valuation

    Tax

  • Total Area: 4,284
  • Tax Year: 2023
  • Tax Amount: $1,899
  • Tax Rate Code Area: 6

    Appraisal Valuation

  • Standard Deviation: 0.2604
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 63
  • Final Value: 502,959
  • High Value: 633,961
  • Low Value: 371,957

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $398,860
  • First Open Lien Mortgage Lender: LOANDEPOT.COM LLC
  • First Open Lien Mortgage Recording Date: Apr 05, 2021
  • First Open Lien Mortgage Loan Amount: $398,860
  • 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: Apr 01, 2051

    Market Valuation

  • Market Total Value: $429,400
  • Market Land Value: $100,100
  • Market Improvement Value: $329,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,940
  • Assessed Land Value: $10,010
  • Assessed Improvements Value: $32,930

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 29, 2021
  • Current Sale Recording Date: Apr 05, 2021
  • Current Sale Transaction ID: 11834104634
  • Current Sale Price: $385,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 31, 2017
  • Previous Sale Contract Date: Jul 28, 2017
  • Previous Sale Amount: $165,000
  • Previous Sale Document Type: Conservator's Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOANDEPOT.COM LLC
  • First Mortgage Transaction Date: Apr 05, 2021
  • First Mortgage Loan Amount: $398,860
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Apr 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: TRADITIONS BANK
  • Previous Mortgage Transaction Date: Jul 31, 2017
  • Previous Mortgage Loan Amount: $168,300
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About Decatur



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 2503 Old River Road Southeast located in?
The 2503 Old River Road Southeast is a located in the neighborhood of Morgan in Decatur, Decatur.
What is the average sales price for listings in 2503 Old River Road Southeast?
The average sales price for units in 2503 Old River Road Southeast is $0 currently.

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