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548 Madrid Street

548 Madrid Street, Creola, AL 36525
Property in Mobile
Sold Aug 24, 2021
$190,000
$186,558 by Bancorpsouth Bank
Mortgage Due Sep 01, 2051
548 Madrid Street in Creola, AL was first built in 1971 and is 53 years old. Although, the building on the property was most recently renovated and altered in 2004. This has been categorized as a residential property type. It is a single story home. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 548 Madrid Street has 1,912 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. In total, the area measurement of the land is 43,560 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 metal. For those who need parking, there is a mixed used garage. The garage is 320 sqft. There are a total of 6 available parking spaces. 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, 548 Madrid Street sold most recently in Aug 20, 2021 for a total of $190,000. If you work out the math, that's approximately a cost of $74.31 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 $779 in taxes each year. 548 Madrid Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $15,810. If we break it down further, the land itself was valued at $2,000. Improvements to the property, however, were assessed at a total of $13,810. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1971
  • Effective Year Built: 2004
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Floor Cover: Floating floor/laminate
  • Basement Area: 0
  • Garage Type: Mixed use
  • Garage Square Area: 320
  • Parking Space Count: 6
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,557
  • Building Area: 2,557
  • Building Area Measurement: Adjusted Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,912
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIO HONDO 2ND
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 23 RIO HONDO 2ND UNIT M BK 20 P 118 #SEC 12 T2S R1W #MP19 01 12 4 000

Ownership

  • Current Owner : RICHARDSON JOSEPH DALE
  • Previous Owner : ANTHONY DAVID DARRELL
  • Previous Owner 2: ESTATE OF ADA FRANCES ANTHONY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Mobile County School District
  • Census Tract: 003800

Geography

  • Account Number: 00121371
  • Parcel: 19 01 12 4 000 063.XXX
  • Lot: 23
  • Meridian: SEC 12 TWN 2S RNG 1W
  • Municipality: CREOLA
  • Latitude: 30.8854
  • Longitude: -88.024

    Address

  • Full Address: 548 Madrid St
  • Legal Unit: M
  • Address - House Number: 548
  • Address - Street Name: Madrid
  • Address - Suffix Type: St
  • State: AL
  • City Name: Creola
  • Carrier Code: R801
  • 4-Digit Zip Code: 4720
  • Zip Code: 36525

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $779

    Appraisal Valuation

  • Standard Deviation: 0.3362
  • Valuation Date: Aug 30, 2023
  • Confidence Score: 32
  • Final Value: 200,442
  • High Value: 267,848
  • Low Value: 133,035

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $186,558
  • First Open Lien Mortgage Lender: BANCORPSOUTH BANK
  • First Open Lien Mortgage Recording Date: Aug 24, 2021
  • First Open Lien Mortgage Loan Amount: $186,558
  • 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 01, 2051

    Market Valuation

  • Market Total Value: $158,100
  • Market Land Value: $20,000
  • Market Improvement Value: $138,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,810
  • Assessed Land Value: $2,000
  • Assessed Improvements Value: $13,810

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 20, 2021
  • Current Sale Recording Date: Aug 24, 2021
  • Current Sale Transaction ID: 11854597599
  • Current Sale Price: $190,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021055299

    Last Sale Mortgage

  • First Mortgage Lender: BANCORPSOUTH BANK
  • First Mortgage Transaction Date: Aug 24, 2021
  • First Mortgage Loan Amount: $186,558
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

About Creola



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Frequently Asked Questions

What neighborhood is 548 Madrid Street located in?
The 548 Madrid Street is a located in the neighborhood of Mobile in Creola, Creola.
What is the average sales price for listings in 548 Madrid Street?
The average sales price for units in 548 Madrid Street is $0 currently.

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