For SaleNeutral Deal96 days on market
688 Luannes Way
688 Luannes Way, Alexander City, AL 35010, Alexander City, AL 35010
$3,500,000
Estimate®:$3,384,900
Listing Price
688 Luannes Way, Alexander City, AL 35010
Loc: Alexander City, AL
Days Listed
96
Tax Assessed
$725k
Estimate®
$3385k
Market Rate
Lot Size
0.95 acres
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
2
Jim Pearson Elementary School
PK-2
9 mi away
4
Alexander City Middle School
7-8
10 mi away
6
Benjamin Russell High School
9-12
9.6 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
modern farmhouselakefront propertystone masonrycedar shake sidingwaterfront livinglandscaped retaining wallmulti-level homeflagstone pathcovered patioluxury estatewooded lotprivate dockgabled roofdark exterior palettescenic views
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
6.96%
Total ROI
110.1%
Cash Flow
$2,131/mo
DSCR
1.12
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $2,131/mo net cash flow with a 7.0% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (7.0%)
- • Strong rental demand in Alexander City
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-06-20 | Listed for sale | $3,500,000 | $845 |
| 2024-01-22 | Sold | $725,000 | $175 |
| 2023-11-30 | Price change | $725,000 | $175 |
| 2023-09-25 | Price change | $2,500,000 | $603 |
| 2023-04-22 | Listed for sale | $3,100,000 | $748 |
| 2022-11-08 | Sold | $0 | – |
| 2022-11-01 | Listed for sale | $565,000 | $136 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $5,986.25 | $145,000 |
| 2024 | $4,666.25 | $113,000 |
| 2023 | $4,242.5 | $113,000 |
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