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    Property profile & analytics

    1121 Magnolia SE St Decatur, AL 35601-8200

    • Apartment buildings
    • 3,750 SF
    OFF-MARKET
    Value Estimation
    $155,000
    Last Sale
    Jan 05, 2022
    $142,400
    Location Intelligence
    Property ID
    US03-1498182
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1121 Magnolia SE St

    Year built
    1986
    Property size
    3,750 SF
    Property type
    Apartment buildings
    APN
    03-09-29-4-003-009.002
    APU
    309294003009002

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -86.9727
    Latitude
    34.578
    CBSA code
    19460
    CBSA name
    DECATUR, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,525
    $2,400
    $31,260
    $33,660
    -
    $12,000
    $156,300
    $168,300

    Comparable in this City

    • Value Estimation by Request
      1,892 SF

      1609 14th SE Ave

      APARTMENT HOUSE (5+ UNITS) • 1,892 SF
      1609 14th SE Ave, Decatur, AL 35601-5001
      View Details
    • Value Estimation by Request
      1,800 SF

      712 16th SE Ave

      APARTMENT HOUSE (5+ UNITS) • 1,800 SF
      712 16th SE Ave, Decatur, AL 35601-3411
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    • Value Estimation by Request
      3,472 SF

      1327 19th SE Ave

      APARTMENT HOUSE (5+ UNITS) • 3,472 SF
      1327 19th SE Ave, Decatur, AL 35601-4456
      View Details
    • Value Estimation by Request
      3,472 SF

      1321 19th SE Ave

      APARTMENT HOUSE (5+ UNITS) • 3,472 SF
      1321 19th SE Ave, Decatur, AL 35601-4458
      View Details
    • Value Estimation by Request
      1,989 SF

      306 8th SW St

      APARTMENT HOUSE (5+ UNITS) • 1,989 SF
      306 8th SW St, Decatur, AL 35601-3807
      View Details
    • Value Estimation by Request
      3,552 SF

      215 Bluebird SW Ln

      APARTMENT HOUSE (5+ UNITS) • 3,552 SF
      215 Bluebird SW Ln, Decatur, AL 35601-6446
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
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    • $15 SF/Yr
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      Downtown Decatur Restaurant Opportunity

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    • Contact for pricing
      4,440 SF

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      Prime Retail, 4,440 SF, New Construction
      101 Moulton St, Decatur, AL 35601
      View Details
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    1121 Magnolia SE St
    Decatur, AL 35601-8200
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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