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1408 Melrose Pl

Homewood, AL 35209

4 bd 4 ba 2,548 sqft Built 1950 Lot 6,970 sqft single_family
Most recent sale
$801,000
Jun 29, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jun 29, 2022 Sold $801,000 MLS #1322486
Jun 3, 2022 Listed $699,000 MLS #1322486
Mar 24, 2003 Sold $257,000 Public Record
Aug 14, 1997 Sold $136,500 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2020 $48,540 $3,570
2019 $44,260 $3,249
2017 $37,040 $2,707
2016 $37,420 $2,735
2015 $34,480 $2,515
2013 $34,980 $2,558
2012 $16,030 $18,131 $34,161 $2,496
2011 $16,340 $18,130 $34,470 $2,519
2010 $16,340 $18,130 $34,470 $2,519
2009 $16,340 $18,130 $34,470 $2,519
2008 $16,800 $20,000 $36,800 $2,694
2007 $16,600 $19,700 $36,300 $2,656

Property facts

Year built
1950
Property type
single_family
Stories
1
Beds
4
Baths
4
Living area
2,548 sqft
Lot size
6,970 sqft
ZIP code
35209
City
Homewood
Street
Melrose Pl
Coordinates
33.46891, -86.80336

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$3,822
Gross rental yield
5.73%
Implied cap rate
3.72%
Trend-extrapolated value

Frequently asked questions

When did 1408 Melrose Pl last sell?
1408 Melrose Pl most recently sold on Jun 29, 2022 for $801,000.
What is the current tax assessment for 1408 Melrose Pl?
The most recent total assessment for 1408 Melrose Pl (year 2020) is $48,540 with $3,570 in property tax.
How does 1408 Melrose Pl's assessment compare to its last sale price?
The current assessment is 93.9% below the last sale price of $801,000.
When was 1408 Melrose Pl built?
1408 Melrose Pl was built in 1950.
How does 1408 Melrose Pl compare to others on Melrose Pl?
We track 6 other properties on Melrose Pl. Browse the list under "Other properties on Melrose Pl" to compare beds, baths, and sale history.
What are the property facts for 1408 Melrose Pl?
1408 Melrose Pl is a 4 bed, 4 bath, 2,548 sqft, 6,970 sqft lot single_family.
Is 1408 Melrose Pl a flip candidate?
No — 1408 Melrose Pl does not appear in our flips dataset.
Is 1408 Melrose Pl a tax-appeal candidate?
No — 1408 Melrose Pl is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+2.7%
Implied 1-yr
+10.9%
2026 Q3
$692.4K
2026 Q4
$708.4K
ZIP 35209 — Median Price History + Forecast

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