133 Park Place Ln · Alabaster, AL 35007

$165,000

3 bd · 2.0 ba · 1,646 sqft · SingleFamily public records · 1 Days on market

Built 1995 5,662 sqft lot Est $255k · 35% under

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Why this score? — see what drove the B- 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).

• Cash flow +26.1/30.0
• ARV discount +15.0/15.0
• DSCR +8.8/10.0
• 1% rule +6.2/10.0
• Schools +3.9/10.0
• Livability +3.8/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Wonderful One Level 3 Bedroom home located in Alabaster. Additional Bonus Room that can serve as another living area, bedroom, play/rec room, or workout space. Welcome home to the great room with beautiful laminate hardwood floors, vaulted ceilings, woodburning fireplace with marble surround. Great room is open to the large eat-in kitchen with bay window dining area, breakfast bar, plus a pantry! Master bedroom is spacious with a private master bath featuring a separate shower, walk-in closet. Good sized guest bedrooms with full guest bathroom on the hallway. Neutral colors throughout. Main level laundry on the hallway off the kitchen. Garage door leads to workshop/storage area. Covered patio in back plus a fenced dogrun. Level yard front and back. Nicely landscaped front and firepit in the back. This home is within walking distance to Alabaster municipal park.

Key facts

• 5,662 sq ft lot
• Built 1995

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $418 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Cap rate 9.3% vs local median 4.1% in Alabaster — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#14 in AL, #3,512 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: amenities D-, commute F, health & safety F.
• Alabaster City (suburban): math 30% / reading 57% proficiency, ranked #17 of 129 in AL (top 13%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Meadow View Elementary School (math 59% / reading 71%, grade B+, #40 of 627 statewide, top 7%, 944 students, 53% FRL); Thompson High School (math 34% / reading 38%, grade F, #43 of 305 statewide, top 14%, 2,203 students, 48% FRL) — zoned schools average 50% FRL vs 31% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+2.2%/yr); 226 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 987 units permitted in Shelby County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Shelby County population projected at +23% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 9y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 59% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $165,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
3. 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.
4. 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.
5. 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: 1.12% ✓
• Cap rate: 9.33%
• Cash-on-cash: 10.86%
• DSCR: 1.48
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $255,130
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
184 Park Place Ln	0.05mi	3/2.0	1,466 (-11%)	4mo	$226,500	$155	76
149 Park Place Ln	0.04mi	4/2.0 (+1)	1,755 (+7%)	11mo	$232,500	$132	73
246 Park Place Way	0.20mi	3/2.0	1,755 (+7%)	11mo	$255,000	$145	70
130 Jasmine Dr	0.28mi	3/2.0	1,690 (+3%)	17mo	$230,000	$136	69
168 Jasmine Dr	0.30mi	3/2.0	1,554 (-6%)	16mo	$240,000	$154	63
138 Park Place Ln	0.04mi	3/2.0	1,865 (+13%)	20mo	$225,000	$121	59
218 Buck Creek Cir	0.31mi	3/2.0	1,438 (-13%)	8mo	$240,000	$167	58
255 Park Place Way	0.14mi	3/2.0	1,408 (-14%)	18mo	$210,000	$149	54
533 Warrior Dr	0.21mi	3/2.0	1,400 (-15%)	14mo	$242,500	$173	54
169 Jasmine Dr	0.33mi	3/2.0	1,438 (-13%)	16mo	$236,000	$164	51
152 Pebble Dr	0.71mi	3/2.0	1,785 (+8%)	18mo	$289,900	$162	38
170 Cambridge Ln	0.67mi	3/2.5	1,776 (+8%)	21mo	$280,000	$158	36

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 · 2.16% rent growth · sell at horizon

5-year hold

• IRR: -1.0%
• Equity multiple: 0.96×
• Total profit: $-1,678
• Equity at exit: $24,602

10-year hold

• IRR: 7.8%
• Equity multiple: 1.57×
• Total profit: $26,467
• Equity at exit: $14,266

Cash invested: $46,200 (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 35007

• Home prices YoY: -35.0%
• Rents YoY: 2.2%
• Active inventory: 226
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,841 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$102 /mo · $1,229/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$387
• Net cashflow: $418

Break-even live

Break-even rent $1,312

Max offer price $165,000

Occupancy floor 72%

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
213 Park Place Way Alabaster, AL	3.0	2.0	1223	$1,681	$1.37	23d	1	0.15mi
1090 Thompson Rd Alabaster, AL	3.0	2.5	1615	$1,600	$0.99	43d	1	0.44mi
200 Summer Hill Dr Alabaster, AL	3.0	2.0	1950	$1,686	$0.86	14d	1	0.76mi
203 Winterhaven Dr Alabaster, AL	3.0	2.0	1431	$1,550	$1.08	3d	1	1.14mi

Listing history 14 events

1. 2026-03-20
   status Pending
2. 2026-03-13
   listed $165,000 Active
3. 2023-02-14
   soldstatus $230,000
4. 2023-02-13
   soldstatus $230,000 Sold 873-char remark

   Show marketing remark (873 chars)

   Wonderful One Level 3 Bedroom home located in Alabaster. Additional Bonus Room that can serve as another living area, bedroom, play/rec room, or workout space. Welcome home to the great room with beautiful laminate hardwood floors, vaulted ceilings, woodburning fireplace with marble surround. Great room is open to the large eat-in kitchen with bay window dining area, breakfast bar, plus a pantry! Master bedroom is spacious with a private master bath featuring a separate shower, walk-in closet. Good sized guest bedrooms with full guest bathroom on the hallway. Neutral colors throughout. Main level laundry on the hallway off the kitchen. Garage door leads to workshop/storage area. Covered patio in back plus a fenced dogrun. Level yard front and back. Nicely landscaped front and firepit in the back. This home is within walking distance to Alabaster municipal park.

5. 2023-01-12
   historical Contingent 873-char remark

   Show marketing remark (873 chars)

   Wonderful One Level 3 Bedroom home located in Alabaster. Additional Bonus Room that can serve as another living area, bedroom, play/rec room, or workout space. Welcome home to the great room with beautiful laminate hardwood floors, vaulted ceilings, woodburning fireplace with marble surround. Great room is open to the large eat-in kitchen with bay window dining area, breakfast bar, plus a pantry! Master bedroom is spacious with a private master bath featuring a separate shower, walk-in closet. Good sized guest bedrooms with full guest bathroom on the hallway. Neutral colors throughout. Main level laundry on the hallway off the kitchen. Garage door leads to workshop/storage area. Covered patio in back plus a fenced dogrun. Level yard front and back. Nicely landscaped front and firepit in the back. This home is within walking distance to Alabaster municipal park.

6. 2023-01-07
   status Active 873-char remark

   Show marketing remark (873 chars)

   Wonderful One Level 3 Bedroom home located in Alabaster. Additional Bonus Room that can serve as another living area, bedroom, play/rec room, or workout space. Welcome home to the great room with beautiful laminate hardwood floors, vaulted ceilings, woodburning fireplace with marble surround. Great room is open to the large eat-in kitchen with bay window dining area, breakfast bar, plus a pantry! Master bedroom is spacious with a private master bath featuring a separate shower, walk-in closet. Good sized guest bedrooms with full guest bathroom on the hallway. Neutral colors throughout. Main level laundry on the hallway off the kitchen. Garage door leads to workshop/storage area. Covered patio in back plus a fenced dogrun. Level yard front and back. Nicely landscaped front and firepit in the back. This home is within walking distance to Alabaster municipal park.

7. 2023-01-04
   historical Contingent 873-char remark

   Show marketing remark (873 chars)

   Wonderful One Level 3 Bedroom home located in Alabaster. Additional Bonus Room that can serve as another living area, bedroom, play/rec room, or workout space. Welcome home to the great room with beautiful laminate hardwood floors, vaulted ceilings, woodburning fireplace with marble surround. Great room is open to the large eat-in kitchen with bay window dining area, breakfast bar, plus a pantry! Master bedroom is spacious with a private master bath featuring a separate shower, walk-in closet. Good sized guest bedrooms with full guest bathroom on the hallway. Neutral colors throughout. Main level laundry on the hallway off the kitchen. Garage door leads to workshop/storage area. Covered patio in back plus a fenced dogrun. Level yard front and back. Nicely landscaped front and firepit in the back. This home is within walking distance to Alabaster municipal park.

8. 2022-12-28
   listed $224,900 Active 873-char remark

   Show marketing remark (873 chars)

   Wonderful One Level 3 Bedroom home located in Alabaster. Additional Bonus Room that can serve as another living area, bedroom, play/rec room, or workout space. Welcome home to the great room with beautiful laminate hardwood floors, vaulted ceilings, woodburning fireplace with marble surround. Great room is open to the large eat-in kitchen with bay window dining area, breakfast bar, plus a pantry! Master bedroom is spacious with a private master bath featuring a separate shower, walk-in closet. Good sized guest bedrooms with full guest bathroom on the hallway. Neutral colors throughout. Main level laundry on the hallway off the kitchen. Garage door leads to workshop/storage area. Covered patio in back plus a fenced dogrun. Level yard front and back. Nicely landscaped front and firepit in the back. This home is within walking distance to Alabaster municipal park.

9. 2022-12-13
   historical $224,900 873-char remark

   Show marketing remark (873 chars)

   Wonderful One Level 3 Bedroom home located in Alabaster. Additional Bonus Room that can serve as another living area, bedroom, play/rec room, or workout space. Welcome home to the great room with beautiful laminate hardwood floors, vaulted ceilings, woodburning fireplace with marble surround. Great room is open to the large eat-in kitchen with bay window dining area, breakfast bar, plus a pantry! Master bedroom is spacious with a private master bath featuring a separate shower, walk-in closet. Good sized guest bedrooms with full guest bathroom on the hallway. Neutral colors throughout. Main level laundry on the hallway off the kitchen. Garage door leads to workshop/storage area. Covered patio in back plus a fenced dogrun. Level yard front and back. Nicely landscaped front and firepit in the back. This home is within walking distance to Alabaster municipal park.

10. 2017-08-29
    soldstatus $144,900
11. 2017-08-28
    soldstatus $144,900 Sold 999-char remark

    Show marketing remark (999 chars)

    Wonderful One Level home in Park Place in Alabaster with a little extra pizazz! Welcome home to the great room with beautiful laminate hardwood floors, vaulted ceilings, woodburning fireplace with marble surround. Great room is open to the large eat-in kitchen with bay window dining area, breakfast bar, Stainless steel appliances, plus a pantry! Just a step out to the bonus room - makes a great playroom, homeschool classroom or workout space. Master bedroom is spacious with a private master bath featuring a separate shower, walk-in closet plus a bonus office/study just off the master, this would make a great nursery. Good sized guest bedrooms with full guest bathroom on the hallway. Neutral colors throughout. Main level laundry on the hallway off the kitchen. Garage door leads to workshop/storage area. Covered patio in back plus a fenced dogrun. Level yard front and back. Nicely landscaped front. This one is walking distance to Alabaster municipal park. Stop looking and start packing.

12. 2017-08-01
    historical Contingent 999-char remark

    Show marketing remark (999 chars)

    Wonderful One Level home in Park Place in Alabaster with a little extra pizazz! Welcome home to the great room with beautiful laminate hardwood floors, vaulted ceilings, woodburning fireplace with marble surround. Great room is open to the large eat-in kitchen with bay window dining area, breakfast bar, Stainless steel appliances, plus a pantry! Just a step out to the bonus room - makes a great playroom, homeschool classroom or workout space. Master bedroom is spacious with a private master bath featuring a separate shower, walk-in closet plus a bonus office/study just off the master, this would make a great nursery. Good sized guest bedrooms with full guest bathroom on the hallway. Neutral colors throughout. Main level laundry on the hallway off the kitchen. Garage door leads to workshop/storage area. Covered patio in back plus a fenced dogrun. Level yard front and back. Nicely landscaped front. This one is walking distance to Alabaster municipal park. Stop looking and start packing.

13. 2017-07-04
    listed $144,900 Active 999-char remark

    Show marketing remark (999 chars)

    Wonderful One Level home in Park Place in Alabaster with a little extra pizazz! Welcome home to the great room with beautiful laminate hardwood floors, vaulted ceilings, woodburning fireplace with marble surround. Great room is open to the large eat-in kitchen with bay window dining area, breakfast bar, Stainless steel appliances, plus a pantry! Just a step out to the bonus room - makes a great playroom, homeschool classroom or workout space. Master bedroom is spacious with a private master bath featuring a separate shower, walk-in closet plus a bonus office/study just off the master, this would make a great nursery. Good sized guest bedrooms with full guest bathroom on the hallway. Neutral colors throughout. Main level laundry on the hallway off the kitchen. Garage door leads to workshop/storage area. Covered patio in back plus a fenced dogrun. Level yard front and back. Nicely landscaped front. This one is walking distance to Alabaster municipal park. Stop looking and start packing.

14. 2006-03-21
    soldstatus $134,900

ⓘ 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: $1,229 · $102/mo
• Projected year-2 tax: $1,229 · $102/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 59% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,097
• − Mortgage interest: −$9,243
• − Property taxes: −$1,229
• − Insurance: −$825
• − Repairs & maintenance: −$1,768
• − Management: −$1,768
• − Depreciation: −$4,800
• Taxable income: $2,465
• Est. tax owed @ 24.0%: −$592
• After-tax cash flow: $4,428/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: Alabaster City
• NCES district ID: 0100190
• Math proficiency: 30% ▼ -27.00%
• Reading proficiency: 57% ▲ 5.00%
• Median HH income: $68,690
• Composite: 39.07/100
• National rank: #4052
• State rank: #17 of 129 in AL

Livability — Alabaster

• Score: 76/100
• State rank: #14
• US rank: #3512

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Alabaster, AL
• County: Shelby County · 188,970 people
• City population: 28,586
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 28,586
• Household income: $88,505
• Rent vs Own: 15.7% rent · 84.3% own
• Severe rent burden: 325.0

Population outlook (Shelby County) Hauer SSP2

• Today (2025): 237,024 people
• By 2030: 249,868 · +5.4%
• By 2040: 272,778 · +15.1%
• By 2050: 291,062 · +22.8%
• By 2075: 326,049 · +37.6%
• By 2100: 335,870 · +41.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 14% Hispanic / Latino 13% Two or more races 6% Asian 2%
• Hispanic origin (detail): Mexican 6% Cuban 1%
• Common ancestry: Italian 3% Serbian 2% Lithuanian 1%
• Foreign-born: 6% · Canada, China
• Languages at home: 90% English-only · Spanish 8% Chinese 1%

Political lean MEDSL · Shelby

• 2024 margin: Solid R (+40.9) · D 29.0% · R 69.9% · Other 1.1%
• 2008→2024 swing: +12.6pp toward D · 2008: -53.4pp · 2024: -40.9pp
• All cycles: 2024: R+40.9 2020: R+40.4 2016: R+50.3 2012: R+55.6 2008: R+53.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -113.63%
• Current HPI: 211.0691
• Rent YoY: ▲ 2.16%
• Metro: Birmingham-Hoover, AL
• 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

+22.3% since first listed

14 events — show timeline

• 2026-03-20 Pending — Greater Alabama MLS
• 2026-03-13 Listed $165,000 Greater Alabama MLS
• 2023-02-14 Sold (Public Records) $230,000 Public Records
• 2023-02-13 Sold (MLS) $230,000 Greater Alabama MLS
• 2023-01-12 Contingent — Greater Alabama MLS
• 2023-01-07 Relisted — Greater Alabama MLS
• 2023-01-04 Contingent — Greater Alabama MLS
• 2022-12-28 Listed $224,900 Greater Alabama MLS
• 2022-12-13 Coming Soon $224,900 Greater Alabama MLS
• 2017-08-29 Sold (Public Records) $144,900 Public Records
• 2017-08-28 Sold (MLS) $144,900 Greater Alabama MLS
• 2017-08-01 Contingent — Greater Alabama MLS
• 2017-07-04 Listed $144,900 Greater Alabama MLS
• 2006-03-21 Sold (Public Records) $134,900 Public Records

Property tax history

+5.3%/yr

Latest (2025): $1,229 · +1.1% YoY. Source: county tax records.