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507 South 11th Avenue

507 South 11th Avenue, Lanett, AL 36863
House in Chambers
Sold Feb 23, 2021
$119,000
$116,844 by Statewide Mortgage Llc
Mortgage Due Mar 01, 2051
Sold Feb 23, 2021
$119,000
Local assessors in Lanett, AL have categorized 507 South 11th Avenue as a residential type of property. The home was built in 1950 and is 74 years old. The property's lot size has been calculated to be 21,708 square feet. The linear feet between the front and back of the lot was measured at 1,340 ft and the front of the lot was measured at 1,620 ft. 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 507 South 11th Avenue has a total of 1,352 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. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. The garage on the property is 576 sqft. 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. Moving onto specific details regarding the building. Our sources show that the building condition is good. 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 - D-. The building has a gable or hip style roof that was made of asphalt. Lots of brick veneer were used in the construction of the exterior walls of the home. 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, 507 South 11th Avenue sold most recently in Feb 12, 2021 for a total of $119,000. If you work out the math, that's approximately a cost of $88.02 per sqft. Before that, the property was also sold for $119,000 in Feb 12, 2021. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $406 in taxes each year. 507 South 11th Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $9,460. If we break it down further, the land itself was valued at $840. Improvements to the property, however, were assessed at a total of $8,620. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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 Venner Exterior
Brick Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Total Rooms: 6
  • Bedroom Count: 0
  • Building Condition: Good
  • Building Quality: D-
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 21,708
  • Lot Size Depth Feet: 1,340
  • Lot Size Frontage Feet: 1,620
  • Total Building Area: 1,352
  • Building Area: 1,352
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,352
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LANETT BLEACHERY & DYE WORKS P
  • Land Acres: 0.498
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BEG AT INT OF E MARGIN OF S. 11TH AVENUE & N MARGIN OF S. 7 THE STREET, RUN N'LY ALONG AVENUE 162.15', E134.03', S'LY164.95'

Ownership

  • Current Owner : ELLIS SOBRINA
  • Previous Owner : SOTHEASTERN REAL ESTATE SOLUTIONS LLC
  • Owner Before Previous Owner: SOUTHEASTERN REAL ESTATE SOLUTIONS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lanett City School District
  • School Tax School District: LANETT
  • Census Tract: 954800

Geography

  • Account Number: 461545
  • District: 03
  • Parcel: 12-10-07-26-4-006-015.000
  • Meridian: SEC 26 TWN 22 RNG 28
  • Municipality: LANETT
  • Latitude: 32.8639
  • Longitude: -85.1989

    Address

  • Full Address: 507 S 11th Ave
  • Address - House Number: 507
  • Street Direction: S
  • Address - Street Name: 11th
  • Address - Suffix Type: Ave
  • State: AL
  • City Name: Lanett
  • Carrier Code: C003
  • 4-Digit Zip Code: 2527
  • Zip Code: 36863

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $406
  • Tax Rate Code Area: 03

    Appraisal Valuation

  • Standard Deviation: 0.4659
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 6
  • Final Value: 80,418
  • High Value: 117,885
  • Low Value: 42,950

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $116,844
  • First Open Lien Mortgage Lender: STATEWIDE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Feb 23, 2021
  • First Open Lien Mortgage Loan Amount: $116,844
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2051

    Market Valuation

  • Market Total Value: $94,600
  • Market Land Value: $8,390
  • Market Improvement Value: $86,210

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $9,460
  • Assessed Land Value: $840
  • Assessed Improvements Value: $8,620

    Sales

  • Current Sale Contract Date: Feb 12, 2021
  • Current Sale Recording Date: Feb 23, 2021
  • Current Sale Transaction ID: 11822704381
  • Current Sale Price: $119,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Feb 23, 2021
  • Previous Sale Contract Date: Feb 12, 2021
  • Previous Sale Amount: $119,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: STATEWIDE MORTGAGE LLC
  • First Mortgage Transaction Date: Feb 23, 2021
  • First Mortgage Loan Amount: $116,844
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Mar 01, 2051

About Lanett



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,544 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 507 South 11th Avenue located in?
The 507 South 11th Avenue is a house located in the neighborhood of Chambers in Lanett, Lanett.
What is the average sales price for listings in 507 South 11th Avenue?
The average sales price for units in 507 South 11th Avenue is $0 currently.

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