3 months on rocket

427 Elm St E, Mobile, AL, 36610

$25,000

Home List Price

$297*

Closing Credit

2 Bedrooms
1 Full Bath
House

Location

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427 Elm St E, Mobile$25,000

Buyer Closing Credits

$297*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDriveway
HeatingNone
CoolingNone
WaterfrontNone
FireplaceNone
ViewOther
MLS #7438065
Lot Size0.15 Acres
StatusActive

About 427 Elm St E

This property is a fantastic investment opportunity, boasting solid bones and even some original hardwood floors in the main area. The wiring and breaker panel have been updated, offering peace of mind for any renovation plans. The home is down to the studs, presenting a blank canvas ready for your vision. Sewer and water connections are available on the property, though the home is not yet hooked up. Situated on a newly paved road with improved drainage, the location adds further appeal. The property also features an unfinished cinder block structure, offering additional potential. This space could be transformed into excellent storage or even covered parking. Don't let the boarded windows and door dissuade you—these sections have been securely covered to protect the interior, preserving the integrity of the space for your future renovations. The layout currently offers the potential for two bedrooms and one bathroom, making it an ideal candidate for rental income or a Housing Choice Voucher (Section 8) rental once fully renovated. Bring your creativity and turn this promising space into a profitable investment. Buyer and Buyer Agent to verify all information. The home is sold AS IS. All information is deemed accurate per seller. Call your favorite Realtor today!

Property Details

Property Features

Listing Office:

  • Office Name: Exit Allstar Realty
  • Listing Agent: Rana Lyons

Interior Features

Interior Information:

  • Appliances: Other
  • Basement: No
  • Flooring Type: Hardwood
  • Interior: Other
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: None
  • View: Other
  • Exterior: None

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot: Other
  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $25,000
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Housing Market Comparison

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

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Mobile, AL

City

Med. Sold Price

$244.8K

Med. Price/SqFt

$136

# of Sold Homes

61

427 Elm St E vs Mobile

101 DAYS ON ROCKET

$25,000

-$219.8K Less

KEY TAKEAWAY

This property is $219.8K less than the Median Sold Price in Mobile, AL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: GCMLS2
  • MLS Number: #7438065

Listing Office:

  • Office Name: Exit Allstar Realty
  • Listing Agent: Rana Lyons

Information is provided by Gulf Coast Multiple Listing Service, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 Gulf Coast Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 4:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$192

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$141

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-805726
3
/10

  • Whitley Elementary School

  • 528 Capt Leon C Roberts St

  • 0.30 miles

  • Public District Grades PK-5

school-card-donut-805727
4
/10

  • Grant Elementary School

  • 535 Easterling St

  • 1.23 miles

  • Public District Grades KG-5

school-card-donut-805728
3
/10

  • Robbins Elementary School

  • 2416 W Main St

  • 1.58 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $19,310. Typical income of Mobile, AL residents is less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Living In Mobile, 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.

Types of housing in Mobile, AL.

Mobile's housing market offers a diverse array of options, with single-family homes being a significant portion of the landscape. Architectural styles range from historic antebellum to contemporary, reflecting the city's rich history and modern growth. The market is balanced with a mix of older homes dating back to the early 20th century and newer constructions that cater to modern tastes. The homeownership rate in Mobile is robust, with a substantial percentage of residents owning their homes, while the remainder of the population opts for rental opportunities.

What is it like to live in Mobile, AL?

Mobile prides itself on its vibrant history and cultural richness, with annual events like the Mardi Gras celebration, which is deeply ingrained in the city's identity. The community's character is further defined by its scenic downtown area, lined with oak-shaded streets and historic buildings, offering residents and visitors a blend of southern charm and urban convenience.

Is it easy to get around Mobile, AL without a car?

The city of Mobile is equipped with a range of essential services to meet the needs of its residents. The educational system includes numerous public and private schools, with a variety of options for all age groups. Healthcare is well-represented with several hospitals providing a wide range of services from emergency care to specialized treatments. The public library system is extensive, supporting the community's educational and cultural pursuits. Retail and dining experiences are plentiful, showcasing local flavors and international cuisine, reflecting the diverse culture of Mobile.

Transportation in Mobile, AL.

Transportation in Mobile is facilitated by a network of roads and highways, including Interstate 10 and Interstate 65, which provide efficient routes for commuting and travel. Public transit is available, with bus services covering various routes throughout the city. The downtown area is particularly pedestrian-friendly, encouraging walking and biking. Ride-sharing services are also operational in Mobile, offering an alternative mode of transportation for residents and visitors alike.

Frequently Asked Questions About 427 Elm St E

What is the listing price of this property?

The listing price of 427 Elm St E property is $25,000.

What type of property is this?

The property 427 Elm St E is a house located in Mobile, Alabama, 36610.

Is this property for sale now?

Active Listing: 427 Elm St E is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 427 Elm St E has 2 bedrooms and 1 bathroom.

Rocket Homes›Alabama›Mobile County›Mobile›36610›427 Elm St E

This home is located at 427 Elm St E in Mobile, AL and zip code 36610. This home sits on a 0.15 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since August 13, 2024 and is currently priced at $25,000.

In October 2024 more than 7 listings in Mobile, AL were sold above the asking price. During the same period more than 12 listings were sold at asking price, while more than 35 were sold below. In October 2024 in Mobile, AL there were 31.1% more homes for sale than in September 2024.

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

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