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5260 Summerset Way

5260 Summerset Way, Bessemer, AL 35022
Property in Jefferson
Sold Jul 02, 2014
$143,000
$140,409 by Interlinc Mortgage Services
Mortgage
Sold May 05, 2005
$164,900
$131,900 by Aegis Funding Corp
Mortgage Due May 01, 2035
Local assessors in Bessemer, AL have categorized 5260 Summerset Way as a residential type of property. The home was built in 2002 and is 22 years old. It was most recently renovated and altered in 2006. The property's lot size has been calculated to be 6,820 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 682 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 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 2 full bathrooms. 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 5260 Summerset Way has a total of 1,726 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 municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. 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 400 sqft. 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 good. The building has a gable or hip style roof that was made of asphalt. Lots of alum/vinyl siding 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 central 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 Jun 30, 2014 for $143,000. That's $82.85 per sqft. Prior to that sales transaction, the property was also sold in Apr 13, 2005 for $164,900. 5260 Summerset Way was last assessed in 2022. The total value of the property was assessed at $22,140. 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 $1,056. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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: 2002
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Good
  • Exterior Walls Type: Alum/Vinyl siding
  • 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: 400
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,820
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 682
  • Total Building Area: 1,726
  • Gross Building Area: 1,726
  • Building Area: 1,726
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,726
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SUMMERSET SUBDIVISION SEC
  • Land Acres: 0.157
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 32 SUMMERSET SUBDIVISION SECTOR II PHASE I PB 36 PG 57

Ownership

  • Current Owner : HARRIS KEITH D
  • Previous Owner : MEANS NANCY L
  • Owner Before Previous Owner: NASH MARTICE L
  • Owner Before Previous Owner 2: NASH CARMEN B
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Jefferson County School District
  • Census Tract: 014206

Zoning

  • Zoning: RG

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Account Number: 55981
  • District: 050-0039
  • Subdivision Phase Number: I
  • Parcel: 38-00-29-4-003-001.090
  • Lot: 32
  • Meridian: SEC 29 TWN 19S RNG 04W
  • Municipality: COUNTY (BESS DIV)-50
  • Latitude: 33.3501
  • Longitude: -86.977

    Address

  • Full Address: 5260 Summerset Way
  • Address - House Number: 5260
  • Address - Street Name: Summerset
  • Address - Suffix Type: Way
  • State: AL
  • City Name: Bessemer
  • Carrier Code: R020
  • 4-Digit Zip Code: 8371
  • Zip Code: 35022

Valuation

    Tax

  • Total Area: 1,983
  • Tax Year: 2022
  • Tax Amount: $1,056
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.4734
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 5
  • Final Value: 240,297
  • High Value: 354,061
  • Low Value: 126,532

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $190,409
  • First Open Lien Mortgage Lender: INTERLINC MORTGAGE SERVICES
  • First Open Lien Mortgage Recording Date: Jul 02, 2014
  • First Open Lien Mortgage Loan Amount: $140,409
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Lender: AVADIAN CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Dec 18, 2023
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $50,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $221,400
  • Market Land Value: $48,000
  • Market Improvement Value: $173,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $22,140

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 30, 2014
  • Current Sale Recording Date: Jul 02, 2014
  • Current Sale Transaction ID: 1000643007
  • Current Sale Price: $143,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20140702000587080
  • Previous Sale Recording Date: May 05, 2005
  • Previous Sale Contract Date: Apr 13, 2005
  • Previous Sale Amount: $164,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: INTERLINC MORTGAGE SERVICES
  • First Mortgage Transaction Date: Jul 02, 2014
  • First Mortgage Loan Amount: $140,409
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • Second Mortgage Lender: INTERLINC MORTGAGE SERVICES
  • Second Mortgage Transaction Date: Jul 02, 2014
  • Second Mortgage Loan Amount: $4,290
  • Second Mortgage Terms: 360
  • Second Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: AEGIS FUNDING CORP
  • Previous Mortgage Transaction Date: May 05, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $131,900
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: May 01, 2035

About Jefferson



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Frequently Asked Questions

What neighborhood is 5260 Summerset Way located in?
The 5260 Summerset Way is a located in the neighborhood of Jefferson in Jefferson, Bessemer.
What is the average sales price for listings in 5260 Summerset Way?
The average sales price for units in 5260 Summerset Way is $0 currently.

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