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    Property profile & analytics

    724 Chestnut St Vestavia Hills, AL 35216-1912

    • Garden apartment buildings
    • 4,382 SF
    • 1.21 lot acres
    OFF-MARKET
    Value Estimation
    $1,860,000
    Last Sale
    Dec 27, 2021
    $2,000,000
    Location Intelligence
    Property ID
    US03-0481716
    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

    • Ivy Goes / Debris Removal Service

    Property Details for 724 Chestnut St

    Year built
    1959
    Lot size
    1.21 lot acres
    Property size
    4,382 SF
    Zone code
    R5
    Property type
    Garden apartment buildings
    APN
    28-00-30-2-002-010.000
    APU
    2800302002010000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,840,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,165,000
      6.5%
      $1,855,000
      7%
      $2,135,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,270,000
      Geo Method
      $1,745,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,560,000
      Retail
      $1,695,000
      Mixed-Use
      $1,725,000
      Hospitality
      $2,085,000
      Educational
      $1,780,000
      Residential Income
      $2,140,000
      Energy
      $1,895,000
      Income-Based Land
      $1,950,000
      Food Service
      $1,805,000

    Location Insight

    • Map
    • Local Demand
    City
    Vestavia Hills
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.789
    Latitude
    33.4458
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, 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
    2022
    $17,577
    $210,000
    $195,260
    $405,260
    -
    $1,050,000
    $976,300
    $2,026,300

    Comparable in this City

    • Value Estimation by Request
      9,894 SF

      1361 Montgomery Hwy

      GARDEN APT, COURT APT (5+ UNITS) • 9,894 SF
      1361 Montgomery Hwy, Vestavia Hills, AL 35216-2744
      View Details
    • Value Estimation
      $13,475,000
      31,310 SF

      2900 Chestnut Rdg Ln

      GARDEN APT, COURT APT (5+ UNITS) • 31,310 SF
      2900 Chestnut Rdg Ln, Vestavia Hills, AL 35216-4897
      View Details
    • Value Estimation
      $9,880,000
      4,096 SF

      3400 Treeline Ct

      GARDEN APT, COURT APT (5+ UNITS) • 4,096 SF
      3400 Treeline Ct, Hoover, AL 35216-5780
      View Details
    • Value Estimation
      $355,000
      5,715 SF

      617 Tremont Dr

      GARDEN APT, COURT APT (5+ UNITS) • 5,715 SF
      617 Tremont Dr, Vestavia Hills, AL 35216-1909
      View Details
    • Value Estimation
      $355,000
      5,712 SF

      2160 Rocky Rdg Rd

      GARDEN APT, COURT APT (5+ UNITS) • 5,712 SF
      2160 Rocky Rdg Rd, Hoover, AL 35216-5183
      View Details
    • Value Estimation
      $160,000
      3,112 SF

      1861 Montclaire Ln

      GARDEN APT, COURT APT (5+ UNITS) • 3,112 SF
      1861 Montclaire Ln, Vestavia Hills, AL 35216-1815
      View Details

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      151 Old Montgomery Hwy, Birmingham, AL 35216
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    Similar Nearby for Lease

    • Contact for pricing
      54,710 SF

      Vestavia Hills Retail Space Available

      Prime Retail Center, 3 Spaces Available
      1425 Montgomery Hwy, Vestavia Hills, AL 35216
      View Details
    • $11 SF/Yr
      10,000 SF

      Hoover Flex Space For Rent

      Flex space with office, dock door, and convenient location.
      3433-3439 Lorna Ln, Hoover, AL 35216
      View Details
    • $19 SF/Yr
      56,000 SF

      Highpoint Office Center: Prime Space Available

      Class A Office Suites, Birmingham, AL
      400 Vestavia Pkwy, Vestavia Hills, AL 35216
      View Details
    • $16 SF/Yr
      1,950 SF

      Lorna Road Office Space for Lease

      1,950 SF Office, Birmingham, AL
      3033 Lorna Rd, Birmingham, AL 35216
      View Details
    • Contact for pricing
      25,428 SF

      Lorna Square Office Suites

      Hoover, AL Office Space Available
      3150 Lorna Rd, Hoover, AL 35216
      View Details
    • $18 SF/Yr
      13,396 SF

      Vestavia Hills Office Space Available

      Prime Office/Medical Suites in Vestavia Hills
      700 Montgomery Hwy, Vestavia Hills, AL 35216
      View Details
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    724 Chestnut St
    Vestavia Hills, AL 35216-1912
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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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