550 41stBirmingham, AL 35222

  • Residential income properties
  • 6,164 SF
Off market
$25,527,930 Estimated

Property Details for 550 41st

Year built
1959
Lot size
2.55 AC
Property size (Sq ft)
6,164 SF
Zone code
R5
Property type
Residential income properties
Property subtype
Garden apartment buildings
APN
23-00-29-2-004-027.000
APU
2300292004027000

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,616,604
    6.5%
    $1,492,250
    7%
    $1,385,660
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,556,283
    Geo Method
    $1,863,642
  • Alternative Use

    Use
    Valuation
    Residential
    $1,492,250
    Hospitality
    $1,366,893
    Educational
    $1,137,239
    Medical
    $1,176,350
    Retail
    $1,769,038
550 41st, Birmingham, Alabama

Location Insight

City
Birmingham
County
Jefferson
State
Alabama
Latitude
33.5318
Longitude
-86.7774
CBSA code
13820
CBSA name
BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
-
$99,880
$285,280
$385,160
-
$499,400
$1,426,400
$1,925,800

FAQs

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