$322,000
$17K PRICE DROP

Estimated payment $2,206/month

Total Views 67,554
1 Bed
1 Bath
735 Sq Ft
$438 Price per Sq Ft

Highlights

  • Stone Countertops
  • Patio
  • 1-Story Property
  • Balcony
  • Laundry Room
  • Four Sided Brick Exterior Elevation

About This Home

Welcome to Mercantile on Morris! This historical building was brilliantly remodeled keeping the original character and architecture while creating a modern boutique residential community. This is one of the only communities in the city center that allows AirBnB and short term rentals which creates unbounded flexibility as an investor and owner. This condo is fully updated with premium appliances and fixtures and boast a private balcony overlooking the richness of 1st avenue. Additionally, furniture is included in this sale! It is move in ready! You cannot beat this location in the loft district at the heart of the city center. This is a stones throw from restaurant row and historic Morris Avenue. The lower promenade of Mercantile consist of charming boutiques including James Beard nominated Pizza Grace. There is currently an assignable loan for a qualified buyer at a fixed rate of 4.375% interest! This is both a fabulous investment and living opportunity. Don't miss out on this one!

Listing Agent

Jeff Goodgame

RealtySouth-MB-Crestline License #113981

RealtySouth-MB-Crestline

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,813

Year Built

  • Built in 1905

HOA Fees

  • $261 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 735 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Laminate Flooring

Kitchen

  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer and Electric Dryer Hookup

Parking

  • Off-Street Parking
  • Unassigned Parking

Outdoor Features

  • Balcony
  • Patio

Schools

  • Whatley Elementary And Middle School
  • Carver High School

Utilities

  • Heating Available
  • Electric Water Heater

Community Details

  • Association fees include garbage collection, common grounds mntc, insurance-building, management fee, pest control, internet

Listing and Financial Details

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,813

Year Built

Built in 1905

Lot Details

0

HOA Fees

$261 per month

Listing Details

  • Class: RESIDENTIAL
  • Down Payment Assistance: Yes
  • Down Payment Assistance URL: https://www.workforce-resource.com/dpr/listing/GALMLS/21369876?w=PubMLS
  • Living Area: 735
  • Legal Description: Unit 33 Mercantile On Morris Condominium Pb 255 Pg 12 Along With 1.62% Interest In Common Element
  • Condo Level: 3
  • List Price per Sq Ft: 438.1
  • Number Levels: 1-Story
  • Property Type: Condo
  • Year Built Description: Existing
  • Year Built: 1905
  • Price Per Sq Ft: 438.1
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1905

Interior Features

  • Floors: Hardwood Laminate
  • Bedroom/Bathroom Features: Tub/Shower Combo
  • Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Concatenated Rooms: |Kitchen1|Living/Din1|Bedroom1|FullBath1|
  • Room 1: Kitchen, On Level: 1
  • Room 2: Living/Dining, On Level: 1
  • Room 3: Bedroom, On Level: 1
  • Room 4: Full Bath, On Level: 1
  • Rooms Level 1: Bedroom (LVL 1), Full Bath (LVL 1), Kitchen (LVL 1), Living/Dining (LVL 1)
  • Kitchen Countertops: Stone (KIT)
  • Kitchen Equipment: Dishwasher Built-In, Disposal
  • Laundry: Yes
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Washer Hookup
  • Laundry Location: Laundry (MLVL)
  • Laundry Space: Closet
  • Main Level Sq Ft: 735

Exterior Features

  • Patio: Yes
  • Construction: 4 Sides Brick
  • Exterior Features: Balcony
  • Foundation: Slab
  • Patio Type: Open (PATIO)
  • Water Heater: Electric (WTRHTR)

Garage/Parking

  • Parking Features: Off Street Parking, Unassigned Parking

Utilities

  • Heating: Electric (HEAT)
  • Cooling: Electric (COOL)
  • Sewer/Septic System: Connected
  • Water: Public Water
  • HVAC Area: 735
  • Internet Service Availability: Yes

Condo/Co-op/Association

  • Condo Fees: Yes
  • Condo Association Fee: 261
  • Condo Fee Per: Monthly

Fee Information

  • Fees Include: Garbage Collection, Common Grounds Mntc, Insurance-Building, Management Fee, Pest Control, Internet

Schools

  • Elementary School: WHATLEY
  • Middle School: WHATLEY
  • High School: CARVER

Lot Info

  • Assessor Parcel Number: 22-00-36-1-031-006.334

Tax Info

  • Tax District: BIRMINGHAM

MLS Schools

  • Elementary School: WHATLEY
  • High School: CARVER
  • Jr Middle School: WHATLEY

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,813 $26,000 -- $26,000
2022 $1,818 $5,740 $0 $5,740
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2024 11/20/24 Price Changed $322,000 -2.4% $438 / Sq Ft
04/23/2024 04/23/24 Price Changed $330,000 -2.7% $449 / Sq Ft
04/09/2024 04/09/24 For Sale $339,000 0.0% $461 / Sq Ft
04/04/2024 04/04/24 Off Market $339,000 -- --
11/03/2023 11/03/23 For Sale $339,000 -- $461 / Sq Ft
Source: Greater Alabama MLS

Mortgage History

Date Status Loan Amount Loan Type
Closed $210,000 New Conventional
Source: Public Records

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Source: Greater Alabama MLS

MLS Number: 21369876

Greater Alabama MLS

APN: 22-00-36-1-031-006.334