2007 Levert Dr N · Mobile, AL 36607

$325,000

2 bd · 3.0 ba · 3,155 sqft · SingleFamily public records · 398 Days on market

Built 1988 0.37 ac lot $103/sqft · 34% below area Est $492k · 34% under

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +3.8/30.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Exquisite Home located in very sought after Chateauguay Place, one of midtown's most popular neighborhoods! Come see this Midtown home to see what all it has to offer. This lovely brick home features a beautiful front porch perfect for relaxing in the evenings while overlooking the beautiful oaks. This 3 bedroom and 3 bathroom home has stunning tall ceilings, large windows, and crown moldings throughout the house. The grand living room features a stunning marble fireplace, hardwood floors, and two sets of French doors leading to the sunroom. The kitchen has granite countertops, an island, and a dining area within the kitchen. There is plenty of room for entertaining in the spacious living and dining areas. This home also features a finished basement with a room that could be a bedroom, office, or gym along with a full bathroom.

Key facts

• Front porch
• French doors
• Marble fireplace

Tags

• FRONT PORCH
• MARBLE FIREPLACE
• GRANITE COUNTERTOPS
• FINISHED BASEMENT
• FRENCH DOORS

What this means for you Summary

Snapshot

• This is a 2-bed/3.0-bath single-family listed at $325k.

Deal economics

• At list price, monthly cash flow is $-946 ($-11k/yr) — negative.
• To cash-flow at today's rent, offer at most $158k (51.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $129k (60.4% below list).
• Recommended offer: $129k (60.4% below list) — sets the bar for 1% rule.
• Cap rate 2.8% vs local median 4.9% in Mobile — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 75/100 on livability (#20 in AL, #4,262 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D-, crime F, employment D-.
• Mobile County (urban): math 15% / reading 39% proficiency, ranked #81 of 129 in AL (top 63%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 45 active listings in the ZIP; 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Mobile County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 398 days — a 12% lower offer ($286k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y ago; this cycle's ask has dropped $70k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $236k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $128,749 (60.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 398 days. Have you received any prior offers? Is the seller open to a 60% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.40% ✗
• Cap rate: 2.80%
• Cash-on-cash: -12.47%
• DSCR: 0.45
• GRM: 21.0

CMA / ARV

• ARV (median comp): $491,930
• List price: $325,000
• Delta: -33.93%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1852 Spring Hill Ave	0.33mi	3/3.5 (+1)	3,062 (-3%)	18mo	$571,750	$187	57
308 Indian Creek Dr E	0.40mi	3/3.0 (+1)	3,385 (+7%)	23mo	$292,500	$86	45

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -39.5%
• Equity multiple: -0.24×
• Total profit: $-113,047
• Equity at exit: $48,459

10-year hold

• IRR: -62.8%
• Equity multiple: -0.94×
• Total profit: $-176,621
• Equity at exit: $28,100

Cash invested: $91,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Alabama: 90 Strongly Landlord-Friendly · R+15
• County: — inherits STATE
• City: — inherits STATE

Right-to-evict in 7 days for non-payment; no rent control; preempted statewide; courts move quickly.

Methodology + full state rankings →

ZIP-level market 36607

• Active inventory: 45
• Price-to-rent: 21.0×

Monthly cashflow live

• Estimated rent: $1,287 medium
• Mortgage (P&I): −$1,704
• Tax from tax record: −$123 /mo · $1,476/yr
• Insurance: −$135
• HOA: −$0
• Vacancy / Maint / Mgmt: −$270
• Net cashflow: $-946

Break-even live

Break-even rent $2,485

Max offer price $157,949

Occupancy floor —

Sensitivity live

Price	-10% $-762	-5% $-854	+0% $-946	+5% $-1,038	+10% $-1,130
Rent	-10% $-1,047	-5% $-996	+0% $-946	+5% $-895	+10% $-844
Rate	-1.0pp $-782	-0.5pp $-863	base $-946	+0.5pp $-1,030	+1.0pp $-1,116

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $81,250
• Closing costs: $9,750
• Reserves months: —
• Total cash needed: —

Listing history 33 events

1. 2026-06-18
   days on market $325,000 Active 398 DOM
2. 2026-06-17
   days on market $325,000 Active 397 DOM
3. 2026-06-16
   days on market $325,000 Active 396 DOM
4. 2026-06-15
   days on market $325,000 Active 395 DOM
5. 2026-06-14
   days on market $325,000 Active 393 DOM
6. 2026-06-13
   days on market $325,000 Active 392 DOM
7. 2026-06-10
   days on market $325,000 Active 390 DOM
8. 2026-06-09
   days on market $325,000 Active 389 DOM
9. 2026-06-08
   days on market $325,000 Active 388 DOM
10. 2026-06-07
    days on market $325,000 Active 387 DOM
11. 2026-06-05
    days on market $325,000 Active 384 DOM
12. 2026-06-03
    days on market $325,000 Active 383 DOM
13. 2026-06-02
    days on market $325,000 Active 382 DOM
14. 2026-06-01
    days on market $325,000 Active 381 DOM
15. 2026-05-31
    days on market $325,000 Active 380 DOM
16. 2026-05-30
    days on market $325,000 Active 379 DOM
17. 2026-05-20
    status Active 839-char remark

    Show marketing remark (839 chars)

    Exquisite Home located in very sought after Chateauguay Place, one of midtown's most popular neighborhoods! Come see this Midtown home to see what all it has to offer. This lovely brick home features a beautiful front porch perfect for relaxing in the evenings while overlooking the beautiful oaks. This 3 bedroom and 3 bathroom home has stunning tall ceilings, large windows, and crown moldings throughout the house. The grand living room features a stunning marble fireplace, hardwood floors, and two sets of French doors leading to the sunroom. The kitchen has granite countertops, an island, and a dining area within the kitchen. There is plenty of room for entertaining in the spacious living and dining areas. This home also features a finished basement with a room that could be a bedroom, office, or gym along with a full bathroom.

18. 2026-05-16
    historical 839-char remark

    Show marketing remark (839 chars)

    Exquisite Home located in very sought after Chateauguay Place, one of midtown's most popular neighborhoods! Come see this Midtown home to see what all it has to offer. This lovely brick home features a beautiful front porch perfect for relaxing in the evenings while overlooking the beautiful oaks. This 3 bedroom and 3 bathroom home has stunning tall ceilings, large windows, and crown moldings throughout the house. The grand living room features a stunning marble fireplace, hardwood floors, and two sets of French doors leading to the sunroom. The kitchen has granite countertops, an island, and a dining area within the kitchen. There is plenty of room for entertaining in the spacious living and dining areas. This home also features a finished basement with a room that could be a bedroom, office, or gym along with a full bathroom.

19. 2026-04-13
    price $325,000 839-char remark

    Show marketing remark (839 chars)

    Exquisite Home located in very sought after Chateauguay Place, one of midtown's most popular neighborhoods! Come see this Midtown home to see what all it has to offer. This lovely brick home features a beautiful front porch perfect for relaxing in the evenings while overlooking the beautiful oaks. This 3 bedroom and 3 bathroom home has stunning tall ceilings, large windows, and crown moldings throughout the house. The grand living room features a stunning marble fireplace, hardwood floors, and two sets of French doors leading to the sunroom. The kitchen has granite countertops, an island, and a dining area within the kitchen. There is plenty of room for entertaining in the spacious living and dining areas. This home also features a finished basement with a room that could be a bedroom, office, or gym along with a full bathroom.

20. 2025-11-13
    status Active 839-char remark

    Show marketing remark (839 chars)

    Exquisite Home located in very sought after Chateauguay Place, one of midtown's most popular neighborhoods! Come see this Midtown home to see what all it has to offer. This lovely brick home features a beautiful front porch perfect for relaxing in the evenings while overlooking the beautiful oaks. This 3 bedroom and 3 bathroom home has stunning tall ceilings, large windows, and crown moldings throughout the house. The grand living room features a stunning marble fireplace, hardwood floors, and two sets of French doors leading to the sunroom. The kitchen has granite countertops, an island, and a dining area within the kitchen. There is plenty of room for entertaining in the spacious living and dining areas. This home also features a finished basement with a room that could be a bedroom, office, or gym along with a full bathroom.

21. 2025-11-13
    historical 839-char remark

    Show marketing remark (839 chars)

    Exquisite Home located in very sought after Chateauguay Place, one of midtown's most popular neighborhoods! Come see this Midtown home to see what all it has to offer. This lovely brick home features a beautiful front porch perfect for relaxing in the evenings while overlooking the beautiful oaks. This 3 bedroom and 3 bathroom home has stunning tall ceilings, large windows, and crown moldings throughout the house. The grand living room features a stunning marble fireplace, hardwood floors, and two sets of French doors leading to the sunroom. The kitchen has granite countertops, an island, and a dining area within the kitchen. There is plenty of room for entertaining in the spacious living and dining areas. This home also features a finished basement with a room that could be a bedroom, office, or gym along with a full bathroom.

22. 2025-11-03
    price $350,000 839-char remark

    Show marketing remark (839 chars)

    Exquisite Home located in very sought after Chateauguay Place, one of midtown's most popular neighborhoods! Come see this Midtown home to see what all it has to offer. This lovely brick home features a beautiful front porch perfect for relaxing in the evenings while overlooking the beautiful oaks. This 3 bedroom and 3 bathroom home has stunning tall ceilings, large windows, and crown moldings throughout the house. The grand living room features a stunning marble fireplace, hardwood floors, and two sets of French doors leading to the sunroom. The kitchen has granite countertops, an island, and a dining area within the kitchen. There is plenty of room for entertaining in the spacious living and dining areas. This home also features a finished basement with a room that could be a bedroom, office, or gym along with a full bathroom.

23. 2025-08-15
    price $365,000 839-char remark

    Show marketing remark (839 chars)

    Exquisite Home located in very sought after Chateauguay Place, one of midtown's most popular neighborhoods! Come see this Midtown home to see what all it has to offer. This lovely brick home features a beautiful front porch perfect for relaxing in the evenings while overlooking the beautiful oaks. This 3 bedroom and 3 bathroom home has stunning tall ceilings, large windows, and crown moldings throughout the house. The grand living room features a stunning marble fireplace, hardwood floors, and two sets of French doors leading to the sunroom. The kitchen has granite countertops, an island, and a dining area within the kitchen. There is plenty of room for entertaining in the spacious living and dining areas. This home also features a finished basement with a room that could be a bedroom, office, or gym along with a full bathroom.

24. 2025-07-15
    price $385,000 839-char remark

    Show marketing remark (839 chars)

    Exquisite Home located in very sought after Chateauguay Place, one of midtown's most popular neighborhoods! Come see this Midtown home to see what all it has to offer. This lovely brick home features a beautiful front porch perfect for relaxing in the evenings while overlooking the beautiful oaks. This 3 bedroom and 3 bathroom home has stunning tall ceilings, large windows, and crown moldings throughout the house. The grand living room features a stunning marble fireplace, hardwood floors, and two sets of French doors leading to the sunroom. The kitchen has granite countertops, an island, and a dining area within the kitchen. There is plenty of room for entertaining in the spacious living and dining areas. This home also features a finished basement with a room that could be a bedroom, office, or gym along with a full bathroom.

25. 2025-05-12
    listed $395,000 Active 839-char remark

    Show marketing remark (839 chars)

    Exquisite Home located in very sought after Chateauguay Place, one of midtown's most popular neighborhoods! Come see this Midtown home to see what all it has to offer. This lovely brick home features a beautiful front porch perfect for relaxing in the evenings while overlooking the beautiful oaks. This 3 bedroom and 3 bathroom home has stunning tall ceilings, large windows, and crown moldings throughout the house. The grand living room features a stunning marble fireplace, hardwood floors, and two sets of French doors leading to the sunroom. The kitchen has granite countertops, an island, and a dining area within the kitchen. There is plenty of room for entertaining in the spacious living and dining areas. This home also features a finished basement with a room that could be a bedroom, office, or gym along with a full bathroom.

26. 2025-03-26
    price $425,000
27. 2025-03-10
    price $448,900
28. 2025-02-07
    price $449,000
29. 2025-01-22
    price $459,000
30. 2016-12-14
    soldstatus $235,725
31. 2016-12-13
    soldstatus $235,500
32. 2016-06-13
    listed $244,900
33. 2007-01-19
    soldstatus $224,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AL · Resets to sale price

• Current annual tax: $1,476 · $123/mo
• Projected year-2 tax: $1,476 · $123/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 10% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,450
• − Mortgage interest: −$18,205
• − Property taxes: −$1,476
• − Insurance: −$1,625
• − Repairs & maintenance: −$1,236
• − Management: −$1,236
• − Depreciation: −$9,455
• Taxable loss: −$17,783
• Est. tax savings @ 24.0%: +$4,268
• After-tax cash flow: $-7,080/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Mobile County
• NCES district ID: 0102370
• Math proficiency: 15% ▼ -28.00%
• Reading proficiency: 39% ▬ 0.00%
• Median HH income: $42,455
• Composite: 22.9/100
• National rank: #8002
• State rank: #81 of 129 in AL

Livability — Mobile

• Score: 75/100
• State rank: #20
• US rank: #4262

Category grades

Amenities B- Commute A+ Cost of living A+ Crime F Employment D- Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mobile, AL
• City population: 205,729
• Population (ZIP): 5,529

Population outlook (Mobile County) Hauer SSP2

• Today (2025): 415,303 people
• By 2030: 411,755 · -0.9%
• By 2040: 399,670 · -3.8%
• By 2050: 382,616 · -7.9%
• By 2075: 337,353 · -18.8%
• By 2100: 283,391 · -31.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (56%)
• Race & ethnicity: Black 56% White 40% Two or more races 3%
• Common ancestry: Slovak 4% Lithuanian 2% Scotch-Irish 1%
• Foreign-born: 1%

Political lean MEDSL · Mobile

• 2024 margin: R (+16.4) · D 41.3% · R 57.7%
• 2008→2024 swing: -7.7pp toward R · 2008: -8.7pp · 2024: -16.4pp
• All cycles: 2024: R+16.4 2020: R+11.9 2016: R+13.9 2012: R+9.3 2008: R+8.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -155.04%
• Current HPI: 127.0483
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.94%
• F500 in state: 4

Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Price history

+44.8% since first listed

17 events — show timeline

• 2026-05-20 Relisted — GCMLS AL
• 2026-05-16 Delisted — GCMLS AL
• 2026-04-13 Price Changed $325,000 GCMLS AL
• 2025-11-13 Relisted — GCMLS AL
• 2025-11-13 Delisted — GCMLS AL
• 2025-11-03 Price Changed $350,000 GCMLS AL
• 2025-08-15 Price Changed $365,000 GCMLS AL
• 2025-07-15 Price Changed $385,000 GCMLS AL
• 2025-05-12 Listed $395,000 GCMLS AL
• 2025-03-26 Price Changed $425,000 GCMLS AL
• 2025-03-10 Price Changed $448,900 GCMLS AL
• 2025-02-07 Price Changed $449,000 GCMLS AL
• 2025-01-22 Price Changed $459,000 GCMLS AL
• 2016-12-14 Sold (Public Records) $235,725 Public Records
• 2016-12-13 Sold (MLS) $235,500 BCAR
• 2016-06-13 Listed $244,900 BCAR
• 2007-01-19 Sold (Public Records) $224,500 Public Records

Property tax history

+0.5%/yr

Latest (2025): $1,476 · -0.2% YoY. Source: county tax records.