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507 Springwood Drive

507 Springwood Drive, Florence, AL 35634
Property in Lauderdale
Sold Sep 30, 2020
$146,200
$117,800 by First Southern Bank
Mortgage Due Sep 30, 2050
507 Springwood Drive in Florence, AL was first built in 1996 and is 28 years old. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 507 Springwood Drive has 1,684 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 2,080 ft and the linear feet between the front and back of the lot is 5,430. In total, the area measurement of the land is 113,534 square feet.

Learn more about the property and building on this page. The home has a gable or hip style roof made of asphalt. The condition of the building has been evaluated as poor. The exterior walls of the home are made of brick. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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 Springwood Drive sold most recently in Sep 25, 2020 for a total of $146,200. If you work out the math, that's approximately a cost of $86.82 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 $721 in taxes each year. 507 Springwood Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $20,820. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Poor
  • 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

    Dimensions

  • Lot Size Square Feet: 113,534
  • Lot Size Depth Feet: 5,430
  • Lot Size Frontage Feet: 2,080
  • Total Building Area: 1,684
  • Building Area: 1,684
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 1,684
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SPRINGWOOD SD
  • Land Acres: 2.606
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 208.96' X 543.33' IRR SPRINGWOOD SD LOT 18 SEC 28 T2S R10W PB 5 PG 68 3.02 AC/C

Ownership

  • Current Owner : BUTLER JAMES SPENCE
  • Previous Owner : BUTLER TONIA P
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lauderdale County School District
  • Census Tract: 011503

Geography

  • Account Number: 096054
  • District: DISTRICT 1
  • Parcel: 16-08-28-0-006-019-000
  • Lot: 18
  • Meridian: SEC 28 TWN 02S RNG 10W
  • Municipality: TOWNSHIP 16
  • Latitude: 34.8532
  • Longitude: -87.5946

    Address

  • Full Address: 507 Springwood Dr
  • Address - House Number: 507
  • Address - Street Name: Springwood
  • Address - Suffix Type: Dr
  • State: AL
  • City Name: Florence
  • Carrier Code: R008
  • 4-Digit Zip Code: 6916
  • Zip Code: 35634

Valuation

    Tax

  • Total Area: 2,020
  • Tax Year: 2023
  • Tax Amount: $721
  • Tax Rate Code Area: COUNTY

    Appraisal Valuation

  • Standard Deviation: 0.1915
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 74
  • Final Value: 272,322
  • High Value: 324,478
  • Low Value: 220,166

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $117,800
  • First Open Lien Mortgage Lender: FIRST SOUTHERN BANK
  • First Open Lien Mortgage Recording Date: Sep 30, 2020
  • First Open Lien Mortgage Loan Amount: $117,800
  • 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: Sep 30, 2050

    Market Valuation

  • Market Total Value: $208,120
  • Market Land Value: $22,000
  • Market Improvement Value: $186,120

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,820

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 25, 2020
  • Current Sale Recording Date: Sep 30, 2020
  • Current Sale Transaction ID: 11790501052
  • Current Sale Price: $146,200
  • Current Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST SOUTHERN BANK
  • First Mortgage Transaction Date: Sep 30, 2020
  • First Mortgage Loan Amount: $117,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

About Lauderdale



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Frequently Asked Questions

What neighborhood is 507 Springwood Drive located in?
The 507 Springwood Drive is a located in the neighborhood of Lauderdale in Lauderdale, Florence.
What is the average sales price for listings in 507 Springwood Drive?
The average sales price for units in 507 Springwood Drive is $0 currently.

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