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131 Reach Way

131 Reach Way, Birmingham, AL 35242
Property in Shelby
Sold Jun 07, 2023
$265,000
Seller
$170,000 by Union Home Mortgage Corp.
Mortgage Due Jun 01, 2053
Sold Sep 12, 2012
$141,000
$125,000 by Hometown Mortgage Services Inc
Mortgage Due Sep 01, 2042
Local assessors in Birmingham, AL have categorized 131 Reach Way as a residential type of property. The home was built in 2002 and is 22 years old. The property's lot size has been calculated to be 3,441 square feet. The linear feet between the front and back of the lot was measured at 850 ft and the front of the lot was measured at 407 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 131 Reach Way has a total of 1,372 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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 273 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. 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 good. The building has a roof that is made of shingle (not wood). Lots of brick were used in the construction of the exterior walls of the home. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 131 Reach Way was last sold in May 30, 2023 for $265,000. According to our calculations, that's $193.15 per sqft. Prior to that sales transaction, the property was sold for $141,000 in Aug 30, 2012. Current property owners are expected to pay $831 in taxes per year. The property on 131 Reach Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $19,820. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Style: Townhouse
  • Exterior Walls Type: Brick
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 273
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 3,441
  • Lot Size Depth Feet: 850
  • Lot Size Frontage Feet: 407
  • Total Building Area: 1,372
  • Building Area: 1,372
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,372
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NARROWS REACH AMENDEDNARROWS REACH
  • Land Acres: 0.079
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: SEC/TWNSHP/RAN 20 19S 01W NBRHD: 01 NARROWS TOWNHOMES R-1

Ownership

  • Current Owner : WATKINS GRACE
  • Previous Owner : HLA KYAW T
  • Owner Before Previous Owner: KANDASAMY NAVANEETHAKRISHNAN
  • Owner Before Previous Owner 2: KRISHNAN JILL KRISTINE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • School Tax School District: GM
  • Census Tract: 030349

Geography

  • Assessors Map Reference: MP 27 PG 011
  • District: 01
  • Parcel: 094202003040000
  • Lot: 56
  • Meridian: SEC 20 TWN 19S RNG 01W
  • Municipality: COUNTY
  • Latitude: 33.3706
  • Longitude: -86.6683

    Address

  • Full Address: 131 Reach Way
  • Address - House Number: 131
  • Address - Street Name: Reach
  • Address - Suffix Type: Way
  • State: AL
  • City Name: Birmingham
  • Carrier Code: R081
  • 4-Digit Zip Code: 8669
  • Zip Code: 35242

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $831

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 78
  • Final Value: 268,994
  • High Value: 314,474
  • Low Value: 223,513

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $170,000
  • First Open Lien Mortgage Lender: UNION HOME MORTGAGE CORP.
  • First Open Lien Mortgage Recording Date: Jun 07, 2023
  • First Open Lien Mortgage Loan Amount: $170,000
  • 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, 2053

    Market Valuation

  • Market Total Value: $198,100
  • Market Land Value: $48,000
  • Market Improvement Value: $150,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,820

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 30, 2023
  • Current Sale Recording Date: Jun 07, 2023
  • Current Sale Transaction ID: 11907647396
  • Current Sale Price: $265,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 170900
  • Previous Sale Recording Date: Sep 12, 2012
  • Previous Sale Contract Date: Aug 30, 2012
  • Previous Sale Amount: $141,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNION HOME MORTGAGE CORP.
  • First Mortgage Transaction Date: Jun 07, 2023
  • First Mortgage Loan Amount: $170,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: HOMETOWN MORTGAGE SERVICES INC
  • Previous Mortgage Transaction Date: Sep 12, 2012
  • Previous Mortgage Loan Amount: $125,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2042

About Shelby



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Frequently Asked Questions

What neighborhood is 131 Reach Way located in?
The 131 Reach Way is a located in the neighborhood of Shelby in Shelby, Birmingham.
What is the average sales price for listings in 131 Reach Way?
The average sales price for units in 131 Reach Way is $0 currently.

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