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662 Cove Point Drive

662 Cove Point Drive, Riverside, AL 35135
Property in St. Clair
Sold May 13, 2021
$357,500
$337,500 by Homeowners Financial Group Usa
Mortgage Due Jun 01, 2051
Sold Oct 30, 2020
$202,000
Local assessors in Riverside, AL have categorized 662 Cove Point Drive as a residential type of property. The home was built in 1985 and is 39 years old. The property's lot size has been calculated to be 12,632 square feet. 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 662 Cove Point Drive has a total of 1,438 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. Moving onto specific details regarding the building. Our sources show that the building condition is fair. 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 - C+. The building has a gable or hip style roof that was made of shingle (not wood). 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 662 Cove Point Drive sold most recently in May 12, 2021 for a total of $357,500. If you work out the math, that's approximately a cost of $248.61 per sqft. Before that, the property was also sold for $202,000 in Oct 26, 2020. 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 $1,090 in taxes each year. 662 Cove Point Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $61,454. If we break it down further, the land itself was valued at $30,000. Improvements to the property, however, were assessed at a total of $31,454. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Fair
  • Building Quality: C+
  • 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: 1
  • Floor Cover: Vinyl
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 1,438
  • Building Area: 1,438
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,438
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COVES PT
  • Land Acres: 0.29
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 21 COVES PT 35-16-4

Ownership

  • Current Owner : PAYNE MICHAEL L
  • Current Owner 2: PAYNE ALEXANDRA MARIE
  • Previous Owner : OSBORN KENNETH D
  • Previous Owner 2: OSBORN JOHNNY W
  • Owner Before Previous Owner: MARTIN JOANNE
  • Owner Before Previous Owner 2: DRISCOLL KIRSCHENMANN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Pell City City School District
  • Census Tract: 040206

Geography

  • Account Number: 503298
  • Parcel: 22-07-35-4-001-041.000
  • Lot: 21
  • Meridian: SEC 35 TWN 16S RNG 04E
  • Municipality: TOWNSHIP 22
  • Latitude: 33.5976
  • Longitude: -86.1899

    Address

  • Full Address: 662 Coves Point Dr
  • Address - House Number: 662
  • Address - Street Name: Coves Point
  • Address - Suffix Type: Dr
  • State: AL
  • City Name: Riverside
  • Carrier Code: R901
  • 4-Digit Zip Code: 1308
  • Zip Code: 35135

Valuation

    Tax

  • Total Area: 1,783
  • Tax Year: 2022
  • Tax Amount: $1,090

    Appraisal Valuation

  • Standard Deviation: 0.2763
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 60
  • Final Value: 380,346
  • High Value: 485,439
  • Low Value: 275,253

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $337,500
  • First Open Lien Mortgage Lender: HOMEOWNERS FINANCIAL GROUP USA
  • First Open Lien Mortgage Recording Date: May 13, 2021
  • First Open Lien Mortgage Loan Amount: $337,500
  • 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: Jun 01, 2051

    Market Valuation

  • Market Total Value: $307,270
  • Market Land Value: $150,000
  • Market Improvement Value: $157,270

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $61,454
  • Assessed Land Value: $30,000
  • Assessed Improvements Value: $31,454

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 12, 2021
  • Current Sale Recording Date: May 13, 2021
  • Current Sale Transaction ID: 11836481838
  • Current Sale Price: $357,500
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Oct 30, 2020
  • Previous Sale Contract Date: Oct 26, 2020
  • Previous Sale Amount: $202,000
  • Previous Sale Document Type: Survivorship Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMEOWNERS FINANCIAL GROUP USA
  • First Mortgage Transaction Date: May 13, 2021
  • First Mortgage Loan Amount: $337,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

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Frequently Asked Questions

What neighborhood is 662 Cove Point Drive located in?
The 662 Cove Point Drive is a located in the neighborhood of St. Clair in Riverside, Riverside.
What is the average sales price for listings in 662 Cove Point Drive?
The average sales price for units in 662 Cove Point Drive is $0 currently.

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