205 Page Ave Birmingham AL 35214 - 22 00 20 3 037 002.000

Description

Redemption rights have expired, investor has had possession since 2022. At 1,064 square fee, this 3 bedroom, 1 bath house is ready for rehab or as a starter home. Within easy distance to Highway 78 and Interstates 20 and 65. Driver Notes: Overall, the home is in sound condition, though the roof will need some remedial work. Replacing the missing shingles now will preserve the integrity of the otherwise well-kept structure. Estimated: ARV: $86-91K Rental: $1,150 Purchase price does NOT include closing costs. The law office which does our closings will issue a Settlement Statement which includes the closing costs (est. $1K) and any proration of current property taxes. Any pre closing property taxes will be paid by the Seller. Neighborhood: North Pratt (or Pratt City) in Birmingham, AL, is a historic, residential neighborhood actively undergoing revitalization after a 2011 tornado, with 50 new homes planned for first-time buyers and a $10,000 down payment assistance grant available. Located ~5 miles from downtown, the area features craftsman/brick homes, a park with an amphitheater, and a $116M+ rejuvenation project aimed at eliminating blight. Key Aspects of North Pratt/Pratt City: Revitalization & Housing: New development aims to replace thousands of homes, with a focus on building new, affordable housing in the historic area. Location: Situated about 5 miles from downtown Birmingham, providing quick access via Highway 78. Amenities: Features North Pratt Park (6 acres, playground, amphitheater, LED screen) and the renovated Pratt Library. Real Estate: Home prices commonly range from $120,000 to $170,000, featuring brick ranch-style and craftsman homes. Education: Students are served by schools like Southampton Elementary and Jackson Olin High School. Dining: Local spots include Jasmine’s Cafe, and it is near the Alabama Farmers Market. History: Originally incorporated in 1891 as a separate municipality and known for the Pratt Mines, it was annexed by Birmingham in 1910. The community is actively being rebuilt to become a vibrant, accessible area for residents to own homes.