A rare 1-level house under $200K! Located in the desirable Lake Terrace subdivision, this 3 bedroom/2 bathroom house is 1300 ft2 of cozy 1-level living. The house is well-maintained with a number of updates and improvements, including new gas water heater (2020), new roof (2019), new exterior paint job (2019), all new laminate hardwoods and carpet (2016), and some new interior painting in neutral colors. The 3 bedrooms feature a split bedroom concept, with the master bedroom on one side and bedrooms 2 and 3 on the other, separated by the 2nd full bathroom. Another beautiful feature is the screened-in back patio, perfect for relaxing and enjoying the outdoors! Outside is also an open patio and complete fenced-in back yard! Enjoy a fireplace with gas logs in the living room, as well as a true 2 car main level garage. The house also contains a sentricon termite system, security system, and is convenient to I-65, shopping, restaurants, and the popular Thompson schools!
Single-familyProperty Type
1995Year Built
9,017 sq ftLot Size
$188Est. Price/Sq.Ft.
2 car garageParking
Listed by Scott Heath• ARC Realty
Bought with Lorrie Sasan• ARC Realty
Source:Greater Alabama MLS #878160
Redfin Estimate
$244,424
$76K since sold in August 2021$0 since October
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 7.4% lower than the average sale price ($264K) of 6 comparable homes.
A rare 1-level house under $200K! Located in the desirable Lake Terrace subdivision, this 3 bedroom/2 bathroom house is 1300 ft2 of cozy 1-level living. The house is well-maintained with a number of updates and improvements, including new gas water heater (2020), new roof (2019), new exterior paint job (2019), all new laminate hardwoods and carpet (2016), and some new interior painting in neutral colors. The 3 bedrooms feature a split bedroom concept, with the master bedroom on one side and bedrooms 2 and 3 on the other, separated by the 2nd full bathroom. Another beautiful feature is the screened-in back patio, perfect for relaxing and enjoying the outdoors! Outside is also an open patio and complete fenced-in back yard! Enjoy a fireplace with gas logs in the living room, as well as a true 2 car main level garage. The house also contains a sentricon termite system, security system, and is convenient to I-65, shopping, restaurants, and the popular Thompson schools!
Public Records
Nov 1, 2006
Sold
$137,000
$105/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,217 (+1.0%)
2024
$2,196 (+5.9%)
2023
$2,074 (+7.1%)
2022
$1,935 (+40.5%)
2021
$1,377 (+102.4%)
2020
$680 (+3.3%)
2019
$659 (+0.8%)
2018
$653 (+3.4%)
2017
$632 (+3.2%)
$3,000 + $9,460
$12,460
2016
$612 (+2.2%)
$3,000 + $9,100
$12,100
2013
$599
$3,000 + $8,760
$11,760
Tax history for 161 Lake Ter
Year
Property tax
Land + Additions
Assessment*
2025
$2,217 (+1.0%)
2024
$2,196 (+5.9%)
2023
$2,074 (+7.1%)
2022
$1,935 (+40.5%)
2021
$1,377 (+102.4%)
2020
$680 (+3.3%)
2019
$659 (+0.8%)
2018
$653 (+3.4%)
2017
$632 (+3.2%)
$3,000 + $9,460
$12,460
2016
$612 (+2.2%)
$3,000 + $9,100
$12,100
2013
$599
$3,000 + $8,760
$11,760
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R-4
Residential Patio/Garden Home District
The intent of the R-4 Residential Patio/Garden Home District is to provide high density, single-family detached housing free from other uses which are not compatible with high density detached residential use.
Permitted uses
Include but are not limited to:
Housing-Single unit
Fire house
Police station
Property details
Interior
Room Information
# of Rooms: 6
Exterior
Exterior Information
Physical Condition: Fair
Foundation Type: Slab
Exterior Wall: Masonite
Property Information
Subdivision Name: LAKE TERRACE
Living Sq. Ft: 1,300
Ground Floor Sq. Ft: 1,300
Building Sq. Ft: 1,300
# of Stories: 1
Legal Description: SUB: LAKE TERRACE MB/MP: 19/15 3 LOT/BLOCK: 21/000
Lot Information
# of Buildings: 1
Land Sq. Ft: 9,017
Legal Lot Number: 21
School Tax District: HOOVER
Municipality Name: ALABASTER
Acres: 0.207
Depth Footage: 143.79
Front Footage: 67.09
County Use Description: SINGLE FAMILY
Financial
Assessor Information
Assessment Year: 2025
Tax District County: ALABASTER
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,300
Stories: 1.0
Parking Spaces: —
Basement: No
Accessible: No
Lot Size: 9,017 square feet
Style: Single Family Residential
Year Built: 1995
Year Renovated: 2001
County: Shelby County
APN: 13 7 36 1 002 021.000
HOA Dues: —
Garage: No
Features: —
Home facts updated by owner on Apr 28, 2022
Around this home
Schools
Thompson Intermediate School
Public 4-5 • Assigned • 3.3mi
6/10
Thompson Middle School
Public 6-8 • Assigned • 2.9mi
10/10
Thompson High School
Public 9-12 • Assigned • 3.1mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 107° expected this year, 19 days in 30 years
6/10 Wind Factor
46% chance of strong winds in next 30 years
3/10 Air Factor
4 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Alabaster, AL • 35007
Average low and high temperatures (°F)
53
33
64
42
74
50
79
57
81
63
88
70
92
74
87
70
89
66
78
55
70
49
59
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 4.8 hours in December, placing it below the
U.S. average for solar exposure.
8.9 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$233,000 – $282,000
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