new - 4 days on rocket

488 Lake Chelsea Way, Chelsea, AL, 35043

$474,900

Home List Price

$5,639*

Closing Credit

5 Bedrooms
4 Full Baths
3,070 SqFt
$155/SqFt
House

Location

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488 Lake Chelsea Way, Chelsea$474,900

Buyer Closing Credits

$5,639*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Parking (MLVL)
Attached Garage2 spaces
Year Built2014
HeatingDual System, Forced Air, Natural Gas
CoolingDual
MLS #21405811
Lot Size0.20 Acres
StatusActive

About 488 Lake Chelsea Way

This beautiful home built by Signature homes was their most popular floorplan in Chelsea Park. Large kitchen with huge island & breakfast bar is completely open to dining and family rooms! Walk-in Pantry, stainless steel appliances, granite countertops and stone backsplash in the kitchen plus beautiful hardwood floors throughout all living areas including staircase and oversized loft/playroom/bonus on upper level! 2 bedrooms located on main level including the large master suite with all the bells and whistles you've come to expect plus 2nd main level bedroom with full bath on front of home making it perfect for in-laws or family member/guest desiring privacy. Upstairs you'll find 3 large bedrooms, one with en-suite bathroom and two sharing jack-n-jill bathroom plus large loft with beautiful hardwood flooring. Amazing lot in Cul-de sac is very wide and deep--peaceful wooded setting behind that is very private. Lot has easement on two 2 sides, providing long privacy buffer! HURRY!

Property Details

Property Features

Property Information:

  • Year Built: 2014
  • Stories: 2
  • Living Area: 3,070 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Vestavia
  • Office Phone: (205) 397-6500
  • Listing Agent: Mark Bishop

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Stainless Steel Appliance(s)
  • Flooring Type: Carpet, Hardwood, Tile Floor
  • Interior: Recess Lighting, Split Bedroom

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Porch, Porch Screened

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached, Parking (MLVL)

Virtual/3D Tour

  • Virtual Tour: 488 Lake Chelsea Way
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Lot Features

Lot Information:

  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Dual System, Forced Air, Natural Gas
  • Cooling: Dual

Other

Directions Information:

  • Directions: Highway 280 to right into Chelsea Park at Clock Tower. Right at first stop sign, then right just past lake into Lake Chelsea to left onto Lake Chelsea Way to home in cul-de-sac.

Price Information

Listing Price Info

Price Summary:

  • List Price: $474,900
  • Price Per SqFt: $155/SqFt

HOA Fees:

  • Amount: $1200
  • Frequency: Annually

Tax Information:

  • Annual Amount: $1,524
  • Tax Year: 2020
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Housing Market Comparison

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

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Chelsea, AL

City

Med. Sold Price

$332.5K

Med. Price/SqFt

$185

Avg. Days On Market

48

# of Sold Homes

18

488 Lake Chelsea Way vs Chelsea

4 DAYS ON ROCKET

-44 Days

$474,900

+$142.3K More

$155/SqFt

-$31 Less

KEY TAKEAWAY

This property is $142.3K more than the Median Sold Price and $31/SqFt less than other homes in Chelsea, AL.

Based on homes sold in December 2024

MLS Details

MLS Information:

  • MLS Number: #21405811

Listing Office:

  • Office Name: Keller Williams Realty Vestavia
  • Office Phone: (205) 397-6500
  • Listing Agent: Mark Bishop

IDX The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2025 Greater Alabama 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: 1/7/2025, 3:20:55 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

Jan 30, 2013Home Sold
$265,035

Tax History

YEARPROP. TAXASSESSMENT
2020$1,524$35,560
2019$1,473$34,420
2018$1,391$32,560
2017$1,355$31,720

History based on county public records data.

Payment Calculator

$2,538

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,490

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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.

Nearby Schools

school-card-donut-802631
9
/10

  • Chelsea Park Elementary School

  • 9000 Chelsea Park Trl

  • 0.53 miles

  • Public District Grades KG-5

school-card-donut-802632
9
/10

  • Forest Oaks Elementary School

  • 1000 Hornet Pkwy

  • 2.43 miles

  • Public District Grades KG-5

school-card-donut-802633
9
/10

  • Mt Laurel Elementary School

  • 1 Jefferson Pl

  • 5.38 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 $88,758. Typical income of Chelsea, AL residents is between $35k-100k annually. Typical family type is married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Chelsea, 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 Chelsea, AL.

Chelsea, Shelby, Alabama, offers a diverse housing market with a mix of single-family homes, apartments, and townhouses. The architectural styles in the area range from traditional to contemporary, with a focus on family-friendly designs. The housing landscape is primarily composed of single-family homes, reflecting the area's suburban character and appeal to those seeking spacious living environments.

What is it like to live in Chelsea, AL?

Chelsea is celebrated for its small-town charm and strong sense of community. The area prides itself on its peaceful residential atmosphere, complemented by local parks and recreational facilities that serve as gathering spots for families and friends. Annual events, such as the Chelsea Christmas Parade, reinforce the town's communal spirit and local pride.

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

The community benefits from a solid educational system, including several public schools that cater to different age groups and a few private institutions, offering a range of educational opportunities. Healthcare services are accessible, with local clinics and nearby hospitals providing various medical services. Chelsea's retail and dining scene reflects the local culture, with a selection of shops and restaurants that cater to the needs and tastes of residents. The city is proactive in enhancing services to accommodate its growing population.

Transportation in Chelsea, AL.

Chelsea's transportation infrastructure supports both private and public transit options. The area is served by a network of roads and highways that connect residents to nearby cities and employment hubs. Public transportation options are available, with bus services facilitating local and regional travel. The community is also served by ride-sharing services, providing additional convenience for residents. While Chelsea offers some walkable areas, the community is generally more car-dependent, with ongoing efforts to improve transportation efficiency and accessibility.

Frequently Asked Questions About 488 Lake Chelsea Way

What is the listing price of this property?

The listing price of 488 Lake Chelsea Way property is $474,900.

What type of property is this?

The property 488 Lake Chelsea Way is a house located in Chelsea, Alabama, 35043.

Is this property for sale now?

Active Listing: 488 Lake Chelsea Way is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,524 (source: MLS/based on county public records data).

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

The last sale was on January 30, 2013 for $265,035. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 488 Lake Chelsea Way has 5 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 488 Lake Chelsea Way is 3,070 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 488 Lake Chelsea Way is 2014.

Rocket Homes›Alabama›Shelby County›Chelsea›35043›488 Lake Chelsea Way

This home is located at 488 Lake Chelsea Way in Chelsea, AL and zip code 35043. This 3,070 square foot home, which was built in 2014, sits on a 0.20 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 02, 2025 and is currently priced at $474,900.

In December 2024 more than 3 listings in Chelsea, AL were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 8 were sold below. The number of listings in Chelsea, AL decreased by 5.1% between November 2024 and December 2024. While the average time on the market in December 2024 was 48 days, the median list price was $332,550.

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

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