Check Availability

5407 Park Avenue

5407 Park Avenue, Tuscaloosa, AL 35406
House in Tuscaloosa
Sold Jan 12, 2018
$395,000
$306,800 by Firstbank
Mortgage Due Jan 01, 2051
Sold Sep 16, 2016
$389,000
$339,000 by First Federal Bank
Mortgage Due Oct 01, 2046
5407 Park Avenue in Tuscaloosa, AL was first built in 2016 and is 8 years old. Although, the building on the property was most recently renovated and altered in 2017. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 6 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 5407 Park Avenue has 2,480 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 1,008 ft and the linear feet between the front and back of the lot is 2,320. In total, the area measurement of the land is 5,358 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a gable or hip style roof made of shingle (not wood). Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a garage. The garage is 910 sqft. There are a total of 4 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B+. 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. As for heating, the home is utilizing a forced air unit. 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, 5407 Park Avenue sold most recently in Jan 12, 2018 for a total of $395,000. If you work out the math, that's approximately a cost of $159.27 per sqft. Before that, the property was also sold for $389,000 in Sep 16, 2016. 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 $2,543 in taxes each year. 5407 Park Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $100,580. If we break it down further, the land itself was valued at $11,000. Improvements to the property, however, were assessed at a total of $89,580. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 2016
  • Effective Year Built: 2017
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Quality: B+
  • Construction Type: Wood
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 910
  • Parking Space Count: 4
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 5,358
  • Lot Size Depth Feet: 2,320
  • Lot Size Frontage Feet: 1,008
  • Total Building Area: 2,480
  • Building Area: 2,480
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,480
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TOWNES OF NORTH RIVER PHASE 13
  • Land Acres: 0.123
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 336 TOWNES OF NORTH RIVER PHASE 13

Ownership

  • Current Owner : BATES BAILEY M
  • Current Owner 2: BATES EVEN R
  • Previous Owner : FORRESTER CHAD ALEXANDER
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Tuscaloosa City School District
  • Census Tract: 010405

Geography

  • Assessors Map Reference: BK 2015 PG 119
  • Account Number: 23095
  • District: 4
  • Subdivision Phase Number: 13
  • Parcel: 20-07-36-1-001-001.169
  • Lot: 336
  • Meridian: SEC 36 TWN 20S RNG 10W
  • Municipality: TUSCALOOSA
  • Latitude: 33.2656
  • Longitude: -87.5268

    Address

  • Full Address: 5407 Park Ave
  • Address - House Number: 5407
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: AL
  • City Name: Tuscaloosa
  • Carrier Code: R821
  • 4-Digit Zip Code: 3283
  • Zip Code: 35406

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,543

    Appraisal Valuation

  • Standard Deviation: 0.2662
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 62
  • Final Value: 562,923
  • High Value: 712,825
  • Low Value: 413,021

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $306,800
  • First Open Lien Mortgage Lender: FIRSTBANK
  • First Open Lien Mortgage Recording Date: Feb 04, 2021
  • First Open Lien Mortgage Loan Amount: $306,800
  • 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: Jan 01, 2051

    Market Valuation

  • Market Total Value: $502,900
  • Market Land Value: $55,000
  • Market Improvement Value: $447,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $100,580
  • Assessed Land Value: $11,000
  • Assessed Improvements Value: $89,580

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 12, 2018
  • Current Sale Recording Date: Jan 12, 2018
  • Current Sale Transaction ID: 11387015727
  • Current Sale Price: $395,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Sep 16, 2016
  • Previous Sale Contract Date: Sep 16, 2016
  • Previous Sale Amount: $389,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRSTBANK
  • First Mortgage Transaction Date: Jan 12, 2018
  • First Mortgage Loan Amount: $316,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: FIRST FEDERAL BANK
  • Previous Mortgage Transaction Date: Sep 16, 2016
  • Previous Mortgage Loan Amount: $339,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2046

About Tuscaloosa



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 5407 Park Avenue located in?
The 5407 Park Avenue is a house located in the neighborhood of Tuscaloosa in Tuscaloosa, Tuscaloosa.
What is the average sales price for listings in 5407 Park Avenue?
The average sales price for units in 5407 Park Avenue is $0 currently.

Quantcast