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640 Gravlee Lane

640 Gravlee Lane, Birmingham, AL 35206
Property in South Roebuck
Sold Nov 21, 2023
$115,000
$140,000 by Easy Street Capital Llc
Mortgage Due Jun 01, 2024
Sold Nov 21, 2023
$115,000
$140,000 by Easy Street Capital Llc
Mortgage Due Jun 01, 2024
640 Gravlee Lane has been categorized by the local assessors in Birmingham, AL as a residential type of property. The building on the property was first built in 1955 and is 69 years old. However, we must point out that the home was most recently renovated and altered in 1988. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 640 Gravlee Lane has 1,344 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,380 ft and across the front of the lot is 750 ft. The area measurement of the land has been determined as 10,350 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a carport for those who require parking. Moving on to the building itself. The condition of the building has been evaluated as average. The building has a gable or hip style roof made of asphalt. The exterior walls of the building are made of brick. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 640 Gravlee Lane sold most recently in Nov 8, 2023 for a total of $115,000. If you work out the math, that's approximately a cost of $85.57 per sqft. Before that, the property was also sold for $115,000 in Nov 8, 2023. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $0 in taxes each year. 640 Gravlee Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $15,580. 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: 1955
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: Average
  • 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: Carport
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,350
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,344
  • Gross Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,344
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: GRAVLEES-ROE P 24-6-3
  • Land Acres: 0.238
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 6 GRAVLEES ADD TO ROEBUCK PLATEAU

Ownership

  • Current Owner : PHILLIPS STEPHEN
  • Previous Owner : US BANK TRUST NATIONAL ASSOCIATION TR
  • Owner Before Previous Owner: RCF 2 ACQUISITION TRUST
  • Vacant Flag: Bank Owned
  • Vacant Flag Date: Jun 26, 2023

Neighborhood

  • School District Name: Birmingham City School District
  • Census Tract: 005302

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: Jun 03, 2024
  • Account Number: 345975
  • District: 034-0000
  • Parcel: 24-00-06-3-006-003.000
  • Lot: 6
  • Meridian: SEC 06 TWN 17S RNG 01W
  • Municipality: BIRMINGHAM-34
  • Latitude: 33.5812
  • Longitude: -86.6915

    Address

  • Full Address: 640 Gravlee Ln
  • Address - House Number: 640
  • Address - Street Name: Gravlee
  • Address - Suffix Type: Ln
  • State: AL
  • City Name: Birmingham
  • Carrier Code: C010
  • 4-Digit Zip Code: 1731
  • Zip Code: 35206

Valuation

    Tax

  • Total Area: 1,456
  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 34

    Appraisal Valuation

  • Standard Deviation: 0.1214
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 86
  • Final Value: 96,089
  • High Value: 107,761
  • Low Value: 84,417

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $140,000
  • First Open Lien Mortgage Lender: EASY STREET CAPITAL LLC
  • First Open Lien Mortgage Recording Date: Nov 21, 2023
  • First Open Lien Mortgage Loan Amount: $140,000
  • First Open Lien Mortgage Term: 6
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2024

    Market Valuation

  • Market Total Value: $155,800
  • Market Land Value: $24,000
  • Market Improvement Value: $131,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $15,580

    Sales

  • Current Sale Contract Date: Nov 08, 2023
  • Current Sale Recording Date: Nov 21, 2023
  • Current Sale Transaction ID: 11919014216
  • Current Sale Price: $115,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2023103574
  • Previous Sale Recording Date: Nov 21, 2023
  • Previous Sale Contract Date: Nov 08, 2023
  • Previous Sale Amount: $115,000
  • Previous Sale Document Type: Special Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: EASY STREET CAPITAL LLC
  • Previous Mortgage Transaction Date: Nov 21, 2023
  • Previous Mortgage Loan Amount: $140,000
  • Previous Mortgage Term: 6
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Jun 01, 2024

About Roebuck - South East Lake



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Frequently Asked Questions

What neighborhood is 640 Gravlee Lane located in?
The 640 Gravlee Lane is a located in the neighborhood of South Roebuck in Roebuck - South East Lake, Birmingham.
What is the average sales price for listings in 640 Gravlee Lane?
The average sales price for units in 640 Gravlee Lane is $0 currently.

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