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705 Milgray Lane

705 Milgray Lane, Bessemer, AL 35022
Property in Jefferson
Sold Apr 05, 2021
$205,000
$201,286 by Renasant Bank
Mortgage Due Jan 01, 2051
Sold Oct 07, 2020
$99,500
$126,023 by Lina One Capital
Mortgage Due Jan 01, 2021
705 Milgray Lane in Bessemer, AL was first built in 1966 and is 58 years old. Although, the building on the property was most recently renovated and altered in 1989. This has been categorized as a residential property type. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 705 Milgray Lane has 1,482 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 1,280 ft and the linear feet between the front and back of the lot is 1,490. In total, the area measurement of the land is 19,072 square feet.

Learn more about the property and building on this page. The home has a gable or hip style roof made of asphalt. Water for the property is sourced from a municipal system. The property is not connected to a municipal sewage system. Instead, it is connected to a septic system which you will need to handle on your own. For those who need parking, there is a garage. The garage is 286 sqft. The condition of the building has been evaluated as average. 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 central air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. 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, 705 Milgray Lane sold most recently in Mar 30, 2021 for a total of $205,000. If you work out the math, that's approximately a cost of $70.40 per sqft. Before that, the property was also sold for $99,500 in Sep 28, 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 $1,178 in taxes each year. 705 Milgray Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $17,920. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1966
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 4
  • 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 Type: Unspecified basement
  • Basement Area: 1,430
  • Garage Type: Garage
  • Garage Square Area: 286
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 19,072
  • Lot Size Depth Feet: 1,490
  • Lot Size Frontage Feet: 1,280
  • Total Building Area: 2,912
  • Gross Building Area: 2,912
  • Building Area: 1,482
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,482
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WOODLAND HILLS 4TH ADD.
  • Land Acres: 0.438
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 23 BLK 4 WOODLAND HILLS 4TH ADD

Ownership

  • Current Owner : HUNTER CALVIN
  • Previous Owner : FOUNDATIONS REAL ESTATE LLC
  • Owner Before Previous Owner: JPMORGAN CHASE BANK NATIONAL ASSOCIATION
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Bessemer City School District
  • Census Tract: 010402

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Account Number: 53058
  • District: 052-0000
  • Parcel: 38-00-20-2-009-021.000
  • Block: 4
  • Lot: 23
  • Meridian: SEC 20 TWN 19S RNG 04W
  • Municipality: BESSEMER
  • Latitude: 33.3756
  • Longitude: -86.9847

    Address

  • Full Address: 705 Milgray Ln
  • Address - House Number: 705
  • Address - Street Name: Milgray
  • Address - Suffix Type: Ln
  • State: AL
  • City Name: Bessemer
  • Carrier Code: R013
  • 4-Digit Zip Code: 4613
  • Zip Code: 35022

Valuation

    Tax

  • Total Area: 2,321
  • Tax Year: 2022
  • Tax Amount: $1,178
  • Tax Rate Code Area: 52

    Appraisal Valuation

  • Standard Deviation: 0.2739
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 60
  • Final Value: 213,725
  • High Value: 272,278
  • Low Value: 155,171

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $208,461
  • First Open Lien Mortgage Lender: RENASANT BANK
  • First Open Lien Mortgage Recording Date: Apr 05, 2021
  • First Open Lien Mortgage Loan Amount: $201,286
  • 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: Jan 01, 2051
  • Second Open Lien Mortgage Lender: RENASANT BANK
  • Second Open Lien Mortgage Recording Date: Apr 05, 2021
  • Second Open Lien Mortgage Loan Amount: $7,175
  • Second Open Lien Mortgage Term: 116
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2031

    Market Valuation

  • Market Total Value: $179,100
  • Market Land Value: $27,000
  • Market Improvement Value: $152,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $17,920

    Sales

  • Current Sale Contract Date: Mar 30, 2021
  • Current Sale Recording Date: Apr 05, 2021
  • Current Sale Transaction ID: 11830833049
  • Current Sale Price: $205,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021038753
  • Previous Sale Recording Date: Oct 07, 2020
  • Previous Sale Contract Date: Sep 28, 2020
  • Previous Sale Amount: $99,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: RENASANT BANK
  • First Mortgage Transaction Date: Apr 05, 2021
  • First Mortgage Loan Amount: $201,286
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: LINA ONE CAPITAL
  • Previous Mortgage Transaction Date: Oct 07, 2020
  • Previous Mortgage Loan Amount: $126,023
  • Previous Mortgage Term: 2
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jan 01, 2021

About Bessemer



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 705 Milgray Lane located in?
The 705 Milgray Lane is a located in the neighborhood of Jefferson in Bessemer, Bessemer.
What is the average sales price for listings in 705 Milgray Lane?
The average sales price for units in 705 Milgray Lane is $0 currently.

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