Great investment opportunity! Home is currently section 8 ready/ approved with annual increases. 4 Bed / 2 Bath home with Kitchen appliances. Currently rented at $1,389 per month with a tenant in place.
Property Details
Property Features
Property Information:
Year Built: 1948
Stories: 1
Living Area: 1,729 SqFt
Listing Office:
Office Name: eXp Realty, LLC Central
Listing Agent: John Michael Brannon
Interior Features
Interior Information:
Appliances: Microwave, Refrigerator, Electric Stove
Directions: From 20 E/I-59 N toward. Take the Ensley Ave exit, EXIT 120, toward AL-269/20th St. Keep right, take the ramp toward Alabama State/Five Points W Business District/Fair Complex. Turn right onto Ensley 5 Points W Ave. Take the 1st right onto Pike Rd.
Price Information
Listing Price Info
Price Summary:
List Price: $118,000
Price Per SqFt: $68/SqFt
Tax Information:
Annual Amount: $731
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Birmingham, AL.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$656
Per Month
Principal & Interest
$589
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$420
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Minor Elementary School
2425 Ave Sensley
Distance between this listing and this school0.48 miles
Public District Grades KG-5
3
/10
Donald Elementary School
715 Valley Rd
Distance between this listing and this school1.28 miles
Public District Grades KG-6
1
/10
Central Pk Elementary School
4915 Avenue Q
Distance between this listing and this school1.31 miles
Public District Grades KG-5
Nearby Schools
2
/10
Bush Middle School-Magnet
1112 25th Street Ensley
Distance between this listing and this school0.25 miles
Public Magnet Grades KG-8
3
/10
Wylam Elementary School
701 Erie St
Distance between this listing and this school1.52 miles
Public District Grades PK-8
3
/10
Bush Hills Academy
900 16th St W
Distance between this listing and this school1.77 miles
Public District Grades PK-8
Nearby Schools
1
/10
Jackson-Olin High School
1300 Ave F Ensley
Distance between this listing and this school1.00 miles
Public District Grades 9-12
2
/10
Fairfield High Preparatory School
610 Valley Rd
Distance between this listing and this school1.37 miles
Public District Grades 9-12
1
/10
Wenonah High School
2800 Wilson Rd SW
Distance between this listing and this school3.39 miles
The neighbors living near this home have an average income of $36,574. Residents of Birmingham, AL typically earn less than $35k each year. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1468 Pike Rd
What is the listing price of this property?
The listing price of 1468 Pike Rd property is $118,000.
What type of property is this?
The property 1468 Pike Rd is a house located in Birmingham, Alabama, 35218.
Is this property for sale now?
Accepting Backup Offers: 1468 Pike Rd is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $731 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on May 7, 2015 for $43,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1468 Pike Rd has 4 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 1468 Pike Rd is 1,729 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1468 Pike Rd is 1948.
This home is located at 1468 Pike Rd in Birmingham, AL and zip code 35218 in the Ensley Highlands neighborhood. This 1,729 square foot home, which was built in 1948, sits on a 0.12 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 06, 2024 and is currently priced at $118,000.
The inventory of homes for sale in Birmingham, AL between July 2024 and August 2024 increased by 72.3%. In August 2024, listings were on the market for 63 days. During the same period, the median list price in this real estate market was $230,671.
From Rocket Homes Real Estate and based on county public records data.