14962 Chase Ct · Summerdale, AL 36580

$222,500

3 bd · 2.0 ba · 1,449 sqft · SingleFamily public records · 55 Days on market

Built 2006 9,713 sqft lot $154/sqft · 24% below area Est $294k · 24% under $4/mo HOA

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Why this score? — see what drove the C+ 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 +17.4/30.0
• ARV discount +15.0/15.0
• Appreciation +9.0/10.0
• DSCR +5.4/10.0
• Schools +3.9/10.0
• 1% rule +3.6/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Charming 3-bedroom, 2-bath brick home nestled in Summerdale, AL, offering the perfect blend of comfort and country living. This well-maintained property features a durable metal roof, adding both style and long-term value. Surrounded by peaceful surroundings, the home provides a quiet retreat while still being conveniently located to nearby towns and amenities. Inside, you’ll find a functional layout with spacious living areas, a cozy atmosphere, and plenty of natural light. Step outside to enjoy the country setting—ideal for relaxing, gardening, or simply taking in the fresh air. A great opportunity for those seeking a serene lifestyle with the reliability of a solid brick home

Key facts

• Metal roof
• Country setting
• Quiet retreat

Tags

• METAL ROOF
• QUIET RETREAT
• COUNTRY SETTING

Property features AI

Finance

• Other: Directions: From Hwy 98, take CR 49 N. Go through the stop sign and take the first paved road on the left. House will be 3rd on the right.
• HOA & community: Annual association fee of $50; Association fee covers grounds maintenance; No community features listed; No transfer fee

Exterior

• Parking: Parking for three or more vehicles
• Utilities: Riviera Utilities; Cable connected; Baldwin County sewer service; Electric service by Baldwin EMC; Has heating
• Home design: One-story residence; Resale property; Faces south; Whole/full ownership
• Construction: Brick construction; Metal roof; Slab foundation; Built area recorded as 1,449 (assessor)
• Exterior features: Front porch; Termite contract; Has a view; Located on a cul-de-sac; Part of a subdivision; Lot less than 1 acre

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator
• Bedrooms: Includes en-suite (primary bedroom)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating
• Interior features: Ceiling fan(s); En-suite bathroom; Internet service connected; Split bedroom floor plan; No fireplace
• Laundry & utility: Unfurnished (no washer/dryer specified)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $222k.

Deal economics

• At list price, monthly cash flow is $169 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $192k (13.7% below list).
• Recommended offer: $192k (13.7% below list) — sets the bar for 1% rule.
• Cap rate 7.2% vs local median 4.7% in Summerdale — 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 57/100 on livability (#384 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Baldwin County (rural): math 33% / reading 57% proficiency, ranked #18 of 129 in AL (top 14%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Magnolia School (math 22% / reading 46%, grade F, #311 of 627 statewide, top 50%, 894 students, 76% FRL); Foley Middle School (math 11% / reading 36%, grade F, #172 of 257 statewide, top 68%, 783 students, 82% FRL); Foley High School (math 24% / reading 25%, grade F, #118 of 305 statewide, top 45%, 1,578 students, 75% FRL) — zoned schools average 78% FRL vs 38% district-wide (40 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 27% at this address vs 45% district-wide (-18 pts) — the specific schools serving this property underperform the Baldwin County average; the district grade overstates school quality for this exact location.
• Market conditions: 144 active listings in the ZIP; 3,883 units permitted in Baldwin County in 2024 (481 in 5+ unit buildings).

Forward outlook

• In year one you build about $19k of equity ($2k loan paydown + $18k appreciation (8.0% local appreciation)).
• Baldwin County population projected at +42% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (8.0% appreciation + 3.0% rent growth), your $62k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($216k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $191,968 (13.7% below list)

Questions for the listing agent

1. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.86% ✗
• Cap rate: 7.20%
• Cash-on-cash: 3.25%
• DSCR: 1.14
• GRM: 9.7

CMA / ARV

• ARV (median comp): $294,039
• List price: $222,500
• Delta: -24.33%
• Verdict: UNDERPRICED
• Comps: 15 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14950 Chase Ct	0.01mi	3/2.0	1,449 (0%)	1mo	$215,000	$148	99
14965 Chase Ct	0.03mi	3/2.0	1,449 (0%)	12mo	$225,000	$155	89
14838 Chase Ct	0.13mi	3/2.0	1,260 (-13%)	1mo	$205,000	$163	71

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

Projected returns pro-forma

7.97% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 22.4%
• Equity multiple: 2.64×
• Total profit: $101,940
• Equity at exit: $168,635

10-year hold

• IRR: 20.5%
• Equity multiple: 5.62×
• Total profit: $287,585
• Equity at exit: $334,353

Cash invested: $62,300 (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 36580

• Home prices YoY: 2.8%
• Active inventory: 144
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,920 medium
• Mortgage (P&I): −$1,167
• Tax from tax record: −$84 /mo · $1,011/yr
• Insurance: −$93
• HOA: −$4
• Vacancy / Maint / Mgmt: −$403
• Net cashflow: $169

Break-even live

Break-even rent $1,706

Max offer price $222,500

Occupancy floor 86%

Sensitivity live

Price	-10% $295	-5% $232	+0% $169	+5% $106	+10% $43
Rent	-10% $17	-5% $93	+0% $169	+5% $245	+10% $320
Rate	-1.0pp $281	-0.5pp $225	base $169	+0.5pp $111	+1.0pp $52

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: $55,625
• Closing costs: $6,675
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $4 · $48/yr

Listing history 21 events

1. 2026-06-21
   days on market $222,500 Active 55 DOM
2. 2026-06-19
   days on market $222,500 Active 53 DOM
3. 2026-06-18
   days on market $222,500 Active 52 DOM
4. 2026-06-17
   days on market $222,500 Active 51 DOM
5. 2026-06-16
   days on market $222,500 Active 50 DOM
6. 2026-06-15
   days on market $222,500 Active 49 DOM
7. 2026-06-14
   days on market $222,500 Active 47 DOM
8. 2026-06-13
   days on market $222,500 Active 46 DOM
9. 2026-06-10
   days on market $222,500 Active 44 DOM
10. 2026-06-09
    days on market $222,500 Active 43 DOM
11. 2026-06-08
    days on market $222,500 Active 42 DOM
12. 2026-06-07
    days on market $222,500 Active 41 DOM
13. 2026-06-05
    days on market $222,500 Active 38 DOM
14. 2026-06-03
    days on market $222,500 Active 37 DOM
15. 2026-06-02
    days on market $222,500 Active 36 DOM
16. 2026-06-01
    days on market $222,500 Active 35 DOM
17. 2026-05-31
    days on market $222,500 Active 34 DOM
18. 2026-05-30
    days on market $222,500 Active 33 DOM
19. 2026-04-27
    listed $222,500 Active 754-char remark
20. 2006-12-29
    soldstatus $1,365,000
21. 2006-10-25
    soldstatus $100,000

ⓘ 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: $1,011 · $84/mo
• Projected year-2 tax: $1,011 · $84/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 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 24 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,036
• − Mortgage interest: −$12,463
• − Property taxes: −$1,011
• − Insurance: −$1,112
• − Repairs & maintenance: −$1,843
• − Management: −$1,843
• − HOA: −$48
• − Depreciation: −$6,473
• Taxable loss: −$1,757
• Est. tax savings @ 24.0%: +$422
• After-tax cash flow: $2,447/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: Baldwin County
• NCES district ID: 0100270
• Math proficiency: 33% ▼ -26.00%
• Reading proficiency: 57% ▲ 1.00%
• Median HH income: $50,677
• Composite: 38.61/100
• National rank: #4157
• State rank: #18 of 129 in AL

Livability — Summerdale

• Score: 57/100
• State rank: #384
• US rank: #21872

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 7,025
• Population (ZIP): 7,025

Population outlook (Baldwin County) Hauer SSP2

• Today (2025): 248,264 people
• By 2030: 270,315 · +8.9%
• By 2040: 312,967 · +26.1%
• By 2050: 352,262 · +41.9%
• By 2075: 438,841 · +76.8%
• By 2100: 487,736 · +96.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Two or more races 17% Hispanic / Latino 17% Black 5%
• Hispanic origin (detail): Mexican 16%
• Common ancestry: Serbian 2% Lithuanian 2% Italian 2%
• Foreign-born: 6% · Canada
• Languages at home: 91% English-only · Spanish 9%

Political lean MEDSL · Baldwin

• 2024 margin: Solid R (+58.2) · D 20.5% · R 78.7%
• 2008→2024 swing: -6.7pp toward R · 2008: -51.5pp · 2024: -58.2pp
• All cycles: 2024: R+58.2 2020: R+53.8 2016: R+57.8 2012: R+55.8 2008: R+51.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.97%
• Current HPI: 288.8697
• 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

+122.5% since first listed

3 events — show timeline

• 2026-04-27 Listed $222,500 BCAR
• 2006-12-29 Sold (Public Records) $1,365,000 Public Records
• 2006-10-25 Sold (Public Records) $100,000 Public Records

Property tax history

+7.7%/yr

Latest (2025): $1,011 · +6.9% YoY. Source: county tax records.