1040 Inverness Cove Way
Hoover, AL 35242
3 bd 3 ba 2,027 sqft Built 2006 Lot 2,178 sqft townhomes
Most recent sale
$319,900
Sep 7, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 7, 2022 | Sold | $319,900 | MLS #1328211 |
| Aug 15, 2022 | Relisted | $319,900 | MLS #1328211 |
| Jul 19, 2022 | Listed | $319,900 | MLS #1328211 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | — | — | $52,740 | $3,507 |
| 2020 | — | — | $48,380 | $3,217 |
| 2019 | — | — | $44,660 | $2,970 |
| 2018 | — | — | $46,020 | $3,060 |
| 2017 | $38,440 | $9,000 | $47,440 | $3,155 |
| 2016 | $37,100 | $9,000 | $46,100 | $3,066 |
| 2015 | $29,100 | $9,000 | $38,100 | $2,534 |
| 2013 | $28,580 | $9,000 | $37,580 | $2,499 |
| 2012 | $28,580 | $9,000 | $37,580 | $2,499 |
| 2011 | $28,820 | $9,000 | $37,820 | $2,515 |
| 2010 | $33,080 | $10,000 | $43,080 | $2,865 |
| 2009 | $33,760 | $10,000 | $43,760 | $2,910 |
| 2008 | $37,500 | $10,000 | $47,500 | $3,159 |
| 2007 | $37,340 | $8,000 | $45,340 | $3,015 |
Property facts
Year built
2006
Property type
townhomes
Stories
2
Beds
3
Baths
3
Living area
2,027 sqft
Lot size
2,178 sqft
ZIP code
35242
City
Hoover
Street
Inverness Cove Way
Coordinates
33.41080, -86.71813
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,041
Gross rental yield
11.41%
Implied cap rate
7.41%
Trend-extrapolated value
—
Frequently asked questions
When did 1040 Inverness Cove Way last sell?
1040 Inverness Cove Way most recently sold on Sep 7, 2022 for $319,900.
What is the current tax assessment for 1040 Inverness Cove Way?
The most recent total assessment for 1040 Inverness Cove Way (year 2021) is $52,740 with $3,507 in property tax.
How does 1040 Inverness Cove Way's assessment compare to its last sale price?
The current assessment is 83.5% below the last sale price of $319,900.
When was 1040 Inverness Cove Way built?
1040 Inverness Cove Way was built in 2006.
How does 1040 Inverness Cove Way compare to others on Inverness Cove Way?
We track 8 other properties on Inverness Cove Way. Browse the list under "Other properties on Inverness Cove Way" to compare beds, baths, and sale history.
What are the property facts for 1040 Inverness Cove Way?
1040 Inverness Cove Way is a 3 bed, 3 bath, 2,027 sqft, 2,178 sqft lot townhomes.
Is 1040 Inverness Cove Way a flip candidate?
No — 1040 Inverness Cove Way does not appear in our flips dataset.
Is 1040 Inverness Cove Way a tax-appeal candidate?
No — 1040 Inverness Cove Way is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.1%
Implied 1-yr
-0.4%
2026 Q3
$592.7K
2026 Q4
$592.2K
ZIP 35242 — Median Price History + Forecast
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Geography
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