13 days on rocket

540 Towne Lake Dr, Montgomery, AL, 36117

$330,000

Home List Price

$3,919*

Closing Credit

4 Bedrooms
2 Full Baths, 1 Partial
2,425 SqFt
$136/SqFt
House
Schools Nearby

Location

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540 Towne Lake Dr, Montgomery$330,000

Buyer Closing Credits

$3,919*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Carport, Driveway, Parking Pad
Year Built1994
HeatingCentral, Natural Gas
CoolingCentral Air, Ceiling Fan(s), Electric
FireplaceOne, Gas Starter
MLS #557095
Lot Size0.69 Acres
StatusActive

About 540 Towne Lake Dr

Great investor special, long term tenant occupied through May 2024. Nice home that has been updated. Spacious living area, private backyard with mature landscaping. Additional parking that allows plenty of room for others. Traditional brick home in Towne Lake that is so close to I-85, Shoppes at East Chase, other conveniences you can't beat this location.

Property Details

Property Features

Property Information:

  • Architectural Style: One Story
  • Year Built: 1994
  • Stories: 1
  • Living Area: 2,425 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway Home Serv
  • Office Phone: (334) 826-1010
  • Listing Agent: Will M. Faulkner

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Disposal, Gas Water Heater, Microwave, Plumbed For Ice Maker, Cooktop, Self Cleaning Oven
  • Flooring Type: Carpet, Tile, Wood
  • Interior: Tray Ceiling(s), Double Vanity, High Ceilings, Jetted Tub, Linen Closet, Pull Down Attic Stairs, Shutters, Separate Shower, Walk-In Closet(s), Breakfast Bar
  • Fireplace: One, Gas Starter

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Patio, Storage

Parking Information:

  • Parking: Attached Carport, Driveway, Parking Pad

Lot Features

Lot Information:

  • Lot: City Lot, Subdivision
  • Lot Size: 0.69 Acres

Utilities

Utilities Information:

  • Heating: Central, Natural Gas
  • Cooling: Central Air, Ceiling Fan(s), Electric

School Info

Assigned Schools Information:

  • Park Crossing High School, Public District Grades 9-12
  • William Silas Garrett Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Take the Mitylene Exit and Turn left going back under the interstate which is the Atlanta Highway---take a right on Technacenter Road---take a left onto Towne Lake Drive----House is on right

Price Information

Listing Price Info

Price Summary:

  • List Price: $330,000
  • Price Per SqFt: $136/SqFt

HOA Fees:

  • Amount: $162
  • Frequency: Semi-Annually

Tax Information:

  • Annual Amount: $834
  • Tax Year: 2020
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Housing Market Comparison

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

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Montgomery, AL

City

Med. Sold Price

$175K

Med. Price/SqFt

$100

Avg. Days On Market

76

# of Sold Homes

201

540 Towne Lake Dr vs Montgomery

13 DAYS ON ROCKET

-63 Days

$330,000

+$155K More

$136/SqFt

+$35 More

KEY TAKEAWAY

This property is $155K more than the Median Sold Price and $35/SqFt more than other homes in Montgomery, AL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MAAOR
  • MLS Number: #557095

Listing Office:

  • Office Name: Berkshire Hathaway Home Serv
  • Office Phone: (334) 826-1010
  • Listing Agent: Will M. Faulkner

IDX Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. Equal Housing
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2024, 6:20:33 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

Jul 19, 2017Home Sold
$263,000
Oct 14, 2008Home Sold
$290,250

Tax History

YEARPROP. TAXASSESSMENT
2020$834$22,480
2019$764$22,060
2018$769$22,200
2017$786$22,660

History based on county public records data.

Payment Calculator

$1,742

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,056

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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.

Elementary School

school-card-donut-7887650
3
/10

  • William Silas Garrett Elementary School

  • 555 Mclemore Dr

  • 2.70 miles

  • Public District Grades KG-5

High School

school-card-donut-7887651
2
/10

  • Park Crossing High School

  • 8000 Park Crossing

  • 4.73 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $87,219. The majority of Montgomery, AL residents have income between $35k-100k annually. Most families are married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Montgomery, 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 Montgomery, AL.

Montgomery's housing market offers a diverse array of options, with single-family homes being particularly prevalent. Architectural styles in the area range from historic antebellum homes to contemporary constructions, reflecting the city's rich history and modern growth. The market is characterized by a mix of older homes dating back to the early 20th century, alongside newer developments that have expanded the city's residential landscape. The homeownership rate in Montgomery is robust, with a significant portion of residents investing in their own homes, while a competitive rental market caters to those preferring to rent.

What is it like to live in Montgomery, AL?

Montgomery prides itself on its deep historical roots and vibrant cultural scene. The city is celebrated for its significant role in the civil rights movement, with landmarks and museums commemorating this pivotal period in American history. The community enjoys a variety of annual events and festivals that showcase local arts, music, and cuisine, contributing to a strong sense of identity and pride among residents.

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

The community is served by a comprehensive network of services, including numerous public and private schools that offer a range of educational programs. Montgomery is home to several higher education institutions, adding to the educational depth of the city. Healthcare is well-facilitated, with major hospitals providing a spectrum of services from emergency care to specialized treatments. The city's public library system is extensive, supporting lifelong learning and community engagement. Retail and dining options abound, with an emphasis on local flavors and products, reflecting the city's Southern charm and culinary heritage.

Transportation in Montgomery, AL.

Montgomery's transportation infrastructure supports both private and public transit options. The city's bus system, known as The M, operates across multiple routes, facilitating access to key areas within the city. Ride-sharing services are readily available, providing convenient alternatives to traditional transit. While the city is designed to accommodate vehicle traffic, efforts have been made to improve walkability in certain districts, particularly in the downtown area. Major highways, such as Interstate 65 and Interstate 85, intersect in Montgomery, making it a hub for regional travel and commerce.

Frequently Asked Questions About 540 Towne Lake Dr

What is the listing price of this property?

The listing price of 540 Towne Lake Dr property is $330,000.

What type of property is this?

The property 540 Towne Lake Dr is a house located in Montgomery, Alabama, 36117.

Is this property for sale now?

Active Listing: 540 Towne Lake Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 540 Towne Lake Dr are:
William Silas Garrett Elementary School: GreatSchools Rating 3/10
Park Crossing High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $834 (source: MLS/based on county public records data).

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

The last sale was on July 19, 2017 for $263,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 540 Towne Lake Dr has 4 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 540 Towne Lake Dr is 2,425 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 540 Towne Lake Dr is 1994.

Rocket Homes›Alabama›Montgomery County›Montgomery›36117›540 Towne Lake Dr

This home is located at 540 Towne Lake Dr in Montgomery, AL and zip code 36117. This 2,425 square foot home, which was built in 1994, sits on a 0.69 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 21, 2024 and is currently priced at $330,000.

In May 2024, from all listings sold in Montgomery, AL there were more than 35 sold above asking price, over 116 sold below and more than 50 were sold right at the asked price. The inventory of homes for sale in Montgomery, AL between April 2024 and May 2024 increased by 7.5%. The median list price of listings available in May 2024 was $175,000, while the average time on the real estate market was 76 days.

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

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