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2810 Fairwest St, Montgomery, AL, 36108

$650,000

Home List Price

$7,719*

Closing Credit

0 Baths
House

Location

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2810 Fairwest St, Montgomery$650,000

Buyer Closing Credits

$7,719*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingAsphalt, Driveway, Parking Pad
Year Built1960
HeatingCentral, Electric
CoolingWindow Unit(s)
MLS #518516
StatusAccepting Backup Offers
(Contingent)

About 2810 Fairwest St

Rents are pro-forma at $1050 per month for the 2 bedrooms and $875 per month for the 1 bedrooms. These pro-forma rents are easily attainable under the Section 8 program. PRICE JUST REDUCED BY $750000 for a fast cash sale which closes in 3 weeks. $50k earnest money deposit which goes hard and is not refundable but rather immediately goes to the buyer if buyer has not cancelled by end of the 10 day inspection period. The $50k will be credited to the purchase price. Lots of investors are now jumping on this incredible deal! Price was $1.5 million but seller is sacrificing the apartments. He paid $925k and put $200-$300 thousand k into the property! And there is one more surprise only to be revealed to the purchaser after proof of funds are shown. Are you a seasoned or new investor looking for an investment property in a hot market? Take a look at this 20-unit in a hot market? This property is a prime investment and when fully leased at pro-forma rents could generate over $260,000 per year and will be worth close to $1.4 million. There are 12 2-bedroom units that can be leased for up to $1050 per month and 8 1-bedroom units that can be leased for up to $875 per month. Also it has two storage rooms, convertible to efficiency apartments for an extra $12000 annual rents and possibly more. Montgomery, Al. was named the #1 historical city by USA Today in 2014 and is home to the only Hyundai car manufacturing plant in the U.S. Also, Montgomery had close to one million people visit the National Memorial for Peace and Justice Museum and the companion Legacy Museum since its opening in 2018. Come invest in Montgomery Alabama, the City of Dreams. PRICE JUST REDUCED BY $850k FOR A QUICK SALE!!! Must close in 21 days!!

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1960
  • Stories: 2

Listing Office:

  • Office Name: David Herman Realty
  • Office Phone: (334) 207-2464
  • Listing Agent: David Herman

Interior Features

Interior Information:

  • Appliances: Electric Range, Electric Water Heater, Refrigerator
  • Flooring Type: Vinyl
  • Interior: Eat-in Kitchen

Exterior Features

Parking Information:

  • Parking: Asphalt, Driveway, Parking Pad

Lot Features

Lot Information:

  • Lot: City Lot

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: Take the I-65 exit at Fairview Avenue and Go West for 1 mile and then take a left onto Fairwest Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $650,000

Tax Information:

  • Annual Amount: $4,250
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Montgomery, AL.

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Montgomery, AL

City

Med. Sold Price

$180K

Med. Price/SqFt

$103

Avg. Days On Market

74

# of Sold Homes

168

2810 Fairwest St vs Montgomery

655 DAYS ON ROCKET

+581 Days

$650,000

+$470K More

KEY TAKEAWAY

This property is $470K more than the Median Sold Price in Montgomery, AL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MAAOR
  • MLS Number: #518516

Listing Office:

  • Office Name: David Herman Realty
  • Office Phone: (334) 207-2464
  • Listing Agent: David Herman

IDX Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. Equal Housing
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/19/2024, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 08, 2021Home Sold
$600,000
Jan 03, 2019Home Sold
$400,041

Tax History

YEARPROP. TAXASSESSMENT
2020$4,250$51,980
2019$1,941$53,200
2018$1,942$53,200
2017$1,473$40,360

History based on county public records data.

Payment Calculator

$3,312

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

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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.

Nearby Schools

school-card-donut-152994
7
/10

  • Carver Elementary School

  • 3100 Mobile Dr

  • 0.23 miles

  • Public Magnet Grades KG-5

school-card-donut-152995
2
/10

  • Thelma S. Morris Elementary School

  • 801 Hill St

  • 1.37 miles

  • Public District Grades KG-5

school-card-donut-152996
1
/10

  • Davis Elementary School

  • 3605 Rosa Parks Dr

  • 1.44 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $10,490. Most Montgomery, AL residents have annual incomes less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Montgomery, AL

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Montgomery, AL?

Montgomery's housing market offers a diverse array of options, with single-family homes being particularly prevalent. Architectural styles in the area range from historic antebellum homes to contemporary constructions, reflecting the city's rich history and modern growth. The market is characterized by a mix of older homes dating back to the early 20th century, alongside newer developments that have expanded the city's residential landscape. The homeownership rate in Montgomery is robust, with a significant portion of residents investing in their own homes, while a competitive rental market caters to those preferring to rent.

Is Montgomery, AL a good place to live?

Montgomery prides itself on its deep historical roots and vibrant cultural scene. The city is celebrated for its significant role in the civil rights movement, with landmarks and museums commemorating this pivotal period in American history. The community enjoys a variety of annual events and festivals that showcase local arts, music, and cuisine, contributing to a strong sense of identity and pride among residents.

Are things conveniently located in Montgomery, AL?

The community is served by a comprehensive network of services, including numerous public and private schools that offer a range of educational programs. Montgomery is home to several higher education institutions, adding to the educational depth of the city. Healthcare is well-facilitated, with major hospitals providing a spectrum of services from emergency care to specialized treatments. The city's public library system is extensive, supporting lifelong learning and community engagement. Retail and dining options abound, with an emphasis on local flavors and products, reflecting the city's Southern charm and culinary heritage.

What does the transportation in Montgomery, AL look like?

Montgomery's transportation infrastructure supports both private and public transit options. The city's bus system, known as The M, operates across multiple routes, facilitating access to key areas within the city. Ride-sharing services are readily available, providing convenient alternatives to traditional transit. While the city is designed to accommodate vehicle traffic, efforts have been made to improve walkability in certain districts, particularly in the downtown area. Major highways, such as Interstate 65 and Interstate 85, intersect in Montgomery, making it a hub for regional travel and commerce.

Frequently Asked Questions About 2810 Fairwest St

What is the listing price of this property?

The listing price of 2810 Fairwest St property is $650,000.

What type of property is this?

The property 2810 Fairwest St is a house located in Montgomery, Alabama, 36108.

Is this property for sale now?

Accepting Backup Offers: 2810 Fairwest St 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 $4,250 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 8, 2021 for $600,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 2810 Fairwest St is 1960.

Rocket Homes›Alabama›Montgomery County›Montgomery›36108›2810 Fairwest St

This home is located at 2810 Fairwest St in Montgomery, AL and zip code 36108. This home was built in 1960. It has been listed on Rocket Homes since March 04, 2023 and is currently priced at $650,000.

Montgomery, AL housing market in November 2024 saw over 23 listings sold above listed price, more than 50 sold at listed price and over 95 sold below. In November 2024 in Montgomery, AL there were 0.2% less homes for sale than in October 2024. Listings spent 74 days on the market in November 2024, and had a median list price of $180,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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