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7031 Abbey Loop

7031 Abbey Loop, Cottondale, AL 35453
Property in Tuscaloosa
Sold Jul 24, 2018
$245,000
$240,562 by Cadence Bank
Mortgage Due Aug 01, 2048
Sold Dec 20, 2013
$177,000
$150,000 by Bank Of Tuscaloosa
Mortgage
Local assessors in Cottondale, AL have categorized 7031 Abbey Loop as a residential type of property. The home was built in 2013 and is 11 years old. It was most recently renovated and altered in 2014. The property's lot size has been calculated to be 11,221 square feet. 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 is one full bathroom. There is also a partial bathroom. 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 7031 Abbey Loop has a total of 1,850 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 600 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a open porch 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 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, 7031 Abbey Loop sold most recently in Jul 24, 2018 for a total of $245,000. If you work out the math, that's approximately a cost of $132.43 per sqft. Before that, the property was also sold for $177,000 in Dec 27, 2012. 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 $1,419 in taxes each year. 7031 Abbey Loop was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $56,900. If we break it down further, the land itself was valued at $8,000. Improvements to the property, however, were assessed at a total of $48,900. 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: 2013
  • Effective Year Built: 2014
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • 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
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 600
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 11,221
  • Total Building Area: 1,850
  • Building Area: 1,850
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,850
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: ABBEY TRACE NO 1
  • Land Acres: 0.257
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Homestead (misc.)
  • Legal Description 1: LOT 37 ABBEY TRACE NO 1

Ownership

  • Current Owner : COOPER MARIO ROMON
  • Current Owner 2: COOPER MIRIAM MICHELLE
  • Previous Owner : CADE KEANDRE
  • Owner Before Previous Owner: R B C BANK
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Tuscaloosa City School District
  • Census Tract: 010802

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: BK 2007 PG 49
  • Account Number: 62416
  • District: 4
  • Parcel: 37-01-11-3-002-029.037
  • Lot: 37
  • Meridian: SEC 11 TWN 22S RNG 09W
  • Municipality: TUSCALOOSA
  • Latitude: 33.1418
  • Longitude: -87.451

    Address

  • Full Address: 7031 Abbey Loop
  • Address - House Number: 7031
  • Address - Street Name: Abbey
  • Address - Suffix Type: Loop
  • State: AL
  • City Name: Cottondale
  • Carrier Code: R008
  • 4-Digit Zip Code: 4352
  • Zip Code: 35453

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,419

    Appraisal Valuation

  • Standard Deviation: 0.2618
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 62
  • Final Value: 325,655
  • High Value: 410,940
  • Low Value: 240,370

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $240,562
  • First Open Lien Mortgage Lender: CADENCE BANK
  • First Open Lien Mortgage Recording Date: Jul 24, 2018
  • First Open Lien Mortgage Loan Amount: $240,562
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2048

    Market Valuation

  • Market Total Value: $284,500
  • Market Land Value: $40,000
  • Market Improvement Value: $244,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $56,900
  • Assessed Land Value: $8,000
  • Assessed Improvements Value: $48,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 24, 2018
  • Current Sale Recording Date: Jul 24, 2018
  • Current Sale Transaction ID: 11497457387
  • Current Sale Price: $245,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Dec 20, 2013
  • Previous Sale Contract Date: Dec 27, 2012
  • Previous Sale Amount: $177,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CADENCE BANK
  • First Mortgage Transaction Date: Jul 24, 2018
  • First Mortgage Loan Amount: $240,562
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF TUSCALOOSA
  • Previous Mortgage Transaction Date: Dec 20, 2013
  • Previous Mortgage Loan Amount: $150,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Tuscaloosa



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Frequently Asked Questions

What neighborhood is 7031 Abbey Loop located in?
The 7031 Abbey Loop is a located in the neighborhood of Tuscaloosa in Tuscaloosa, Cottondale.
What is the average sales price for listings in 7031 Abbey Loop?
The average sales price for units in 7031 Abbey Loop is $0 currently.

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