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525 Rye Drive Southwest

525 Rye Drive Southwest, Decatur, AL 35603
Property in Morgan
Sold Dec 22, 2023
$152,998
$150,226 by New American Funding
Mortgage Due Jan 01, 2054
Sold Sep 21, 2007
$1,500
$2,400 by New South Fsb
Mortgage Due Oct 01, 2027
Local assessors in Decatur, AL have categorized 525 Rye Drive Southwest as a residential type of property. The home was built in 1982 and is 42 years old. The property's lot size has been calculated to be 10,125 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 525 Rye Drive Southwest has a total of 1,264 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 garage for those who need a place to park their vehicle. The garage on the property is 325 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a unknown 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 poor. 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 - D. 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. The property was last sold in Dec 22, 2023 for $152,998. That's $121.04 per sqft. Prior to that sales transaction, the property was also sold in Sep 18, 2007 for $1,500. 525 Rye Drive Southwest was last assessed in 2023. The total value of the property was assessed at $8,780. Specifically, the land the property is located on was valued at $1,500. While improvements on the property were assessed at a total of $7,280. 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 $0. 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. 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: 1982
  • Effective Year Built: 1982
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: Poor
  • Building Quality: D
  • 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
  • Garage Type: Garage
  • Garage Square Area: 325
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 10,125
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,264
  • Building Area: 1,264
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,264
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FARMINGTON S/D ADD #2
  • Land Acres: 0.232
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 25 FARMINGTON S/D ADD #2 PLAT 6 PAGE 98 IN SEC 6 T6S R4W

Ownership

  • Current Owner : ACEVEDO VALERIA
  • Previous Owner : ROBINSON MARY A
  • Owner Before Previous Owner: MONTGOMERY & RUSSELL LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Decatur City School District
  • School Tax School District: DECATUR
  • Census Tract: 005109

Geography

  • Account Number: 120940
  • Parcel: 12-03-06-3-003-054.000
  • Lot: 25
  • Meridian: SEC 06 TWN 6S RNG 4W
  • Municipality: DECATUR
  • Latitude: 34.5478
  • Longitude: -86.9918

    Address

  • Full Address: 525 Rye Dr Sw
  • Address - House Number: 525
  • Street Segment Direction: SW
  • Address - Street Name: Rye
  • Address - Suffix Type: Dr
  • State: AL
  • City Name: Decatur
  • Carrier Code: C030
  • 4-Digit Zip Code: 1369
  • Zip Code: 35603

Valuation

    Tax

  • Total Area: 1,473
  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 6

    Appraisal Valuation

  • Standard Deviation: 0.1134
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 88
  • Final Value: 149,608
  • High Value: 166,577
  • Low Value: 132,639

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $150,226
  • First Open Lien Mortgage Lender: NEW AMERICAN FUNDING
  • First Open Lien Mortgage Recording Date: Dec 22, 2023
  • First Open Lien Mortgage Loan Amount: $150,226
  • 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: Jan 01, 2054

    Market Valuation

  • Market Total Value: $87,800
  • Market Land Value: $15,000
  • Market Improvement Value: $72,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,780
  • Assessed Land Value: $1,500
  • Assessed Improvements Value: $7,280

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 22, 2023
  • Current Sale Recording Date: Dec 22, 2023
  • Current Sale Transaction ID: 11918406322
  • Current Sale Price: $152,998
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Sep 21, 2007
  • Previous Sale Contract Date: Sep 18, 2007
  • Previous Sale Amount: $1,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEW AMERICAN FUNDING
  • First Mortgage Transaction Date: Dec 22, 2023
  • First Mortgage Loan Amount: $150,226
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2054

    Previous Mortgages

  • Previous Mortgage Lender: NEW SOUTH FSB
  • Previous Mortgage Transaction Date: Sep 21, 2007
  • Previous Mortgage Loan Amount: $2,400
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2027

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Frequently Asked Questions

What neighborhood is 525 Rye Drive Southwest located in?
The 525 Rye Drive Southwest is a located in the neighborhood of Morgan in Decatur, Decatur.
What is the average sales price for listings in 525 Rye Drive Southwest?
The average sales price for units in 525 Rye Drive Southwest is $0 currently.

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