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3118 James Madison Drive East

3118 James Madison Drive East, Mobile, AL 36693
Property in Terrace Hills
Sold Jul 28, 2021
$400,000
$320,000 by Keller Mortgage Llc
Mortgage Due Aug 01, 2051
Sold Apr 06, 2016
$281,000
$224,800 by Coldwell Banker Mortgage
Mortgage Due Apr 01, 2046
Local assessors in Mobile, AL have categorized 3118 James Madison Drive East as a residential type of property. The home was built in 1991 and is 33 years old. It was most recently renovated and altered in 2000. The property's lot size has been calculated to be 43,560 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 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 3118 James Madison Drive East has a total of 735 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. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a open porch 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. 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. The property was last sold in Jul 27, 2021 for $400,000. That's $123.38 per sqft. Prior to that sales transaction, the property was also sold in Mar 31, 2016 for $281,000. 3118 James Madison Drive East was last assessed in 2023. The total value of the property was assessed at $28,660. Specifically, the land the property is located on was valued at $5,250. While improvements on the property were assessed at a total of $23,410. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,831. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 2000
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Floor Cover: Tile
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 2
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,242
  • Building Area: 3,242
  • Building Area Measurement: Adjusted Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 735
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MADISON PLACE
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 45 MADISON PL (AMENDED PLAT) MBK 43 PG 112 #SEC 10 T5S R2W #MP33 02 10 2 000

Ownership

  • Current Owner : GERCESKI MARCELO B
  • Current Owner 2: LEITE ELIANA M
  • Previous Owner : CONNER JASON P
  • Previous Owner 2: CONNER MARGARET W
  • Owner Before Previous Owner: NICE DANIEL L
  • Owner Before Previous Owner 2: NICE SUSAN A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Also known as (A/K/A)

Neighborhood

  • School District Name: Mobile County School District
  • Census Tract: 003710

Geography

  • Account Number: 00085340
  • Parcel: 33 02 10 2 000 086.045
  • Lot: 45
  • Meridian: SEC 10 TWN 5S RNG 2W
  • Municipality: MOBILE
  • Latitude: 30.6269
  • Longitude: -88.17

    Address

  • Full Address: 3118 James Madison Dr E
  • Address - House Number: 3118
  • Street Segment Direction: E
  • Address - Street Name: James Madison
  • Address - Suffix Type: Dr
  • State: AL
  • City Name: Mobile
  • Carrier Code: C015
  • 4-Digit Zip Code: 4060
  • Zip Code: 36693

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,831

    Appraisal Valuation

  • Standard Deviation: 0.483
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 3
  • Final Value: 308,631
  • High Value: 457,713
  • Low Value: 159,548

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $320,000
  • First Open Lien Mortgage Lender: KELLER MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jul 28, 2021
  • First Open Lien Mortgage Loan Amount: $320,000
  • 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: Aug 01, 2051

    Market Valuation

  • Market Total Value: $286,600
  • Market Land Value: $52,500
  • Market Improvement Value: $234,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,660
  • Assessed Land Value: $5,250
  • Assessed Improvements Value: $23,410

    Sales

  • Current Sale Contract Date: Jul 27, 2021
  • Current Sale Recording Date: Jul 28, 2021
  • Current Sale Transaction ID: 11849484104
  • Current Sale Price: $400,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021048707
  • Previous Sale Recording Date: Apr 06, 2016
  • Previous Sale Contract Date: Mar 31, 2016
  • Previous Sale Amount: $281,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: KELLER MORTGAGE LLC
  • First Mortgage Transaction Date: Jul 28, 2021
  • First Mortgage Loan Amount: $320,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: COLDWELL BANKER MORTGAGE
  • Previous Mortgage Transaction Date: Apr 06, 2016
  • Previous Mortgage Loan Amount: $224,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2046

About Terrace Hills



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Frequently Asked Questions

What neighborhood is 3118 James Madison Drive East located in?
The 3118 James Madison Drive East is a located in the neighborhood of Terrace Hills in Terrace Hills, Mobile.
What is the average sales price for listings in 3118 James Madison Drive East?
The average sales price for units in 3118 James Madison Drive East is $0 currently.

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