During the week of January 22-30, 2023, a series of notable land transactions took place in Shelby County, Alabama. The total value of these transactions highlights the active real estate market in the region, with several properties changing hands for substantial sums.
Birmingham LD LLC transferred multiple lots to Lennar Homes of Alabama LLC for a total of $389,837. This deal included Lots 220, 235, 300, 301, 304, 363, and 364 in Camden Park Phase IV Sector One Final Plat. Another significant transaction involved CAL Farms LLC, which sold property in Section 1, Township 22 South, Range 1 East to BPF1 Paradise Point Property LLC for $600,000.
In addition to these transactions, several individual sales also stood out. For example, Eric M. Pittman sold Lot 309 in Chandalar South Sixth Sector to Manuel Rivera for $310,000. Meanwhile, William P. Taylor sold Lot 19 in Timber Park Phase II to James Eric Michael Faulk for $289,000.
Key Transactions of the Week
The week also saw a variety of other notable land deals. Amanda J. Parmley transferred Lot 338 in Reserve at Timberline Sector 4 Phase One to herself for $409,200. In a significant business transaction, Westervelt Company sold property in Section 24, Township 21 South, Range 2 West to Shelby County for a noteworthy $1,618,050.
Additionally, Blackridge Partners II LLC sold Lot 2151 in Blackridge South Phase 11 to Joseph R. Brown for $820,854, marking a strong investment in the local real estate market. Notably, the Secretary of Housing and Urban Development sold Lot 47 in Kensington Place Phase 1 Sector 1 to Ten Bears Properties LLC for $176,000.
The week concluded with a particularly significant transaction on January 30, when Main Street Capital LLC sold Lot 21 in Saunders Bridge 1st Sector for $2,190,000. This high-value sale underscores the continued demand for real estate within Shelby County.
Overall Market Activity
As observed, the Shelby County real estate market remains robust, with numerous transactions occurring at various price points. Notable sales ranged from $19,960 for a property in Section 31, Township 20 South, Range 2 East to multi-million dollar transactions, demonstrating the diverse nature of property investments in the area.
The data indicates a healthy level of activity, driven by both individual buyers and larger corporate entities. As real estate continues to play a vital role in the local economy, these transactions reflect the ongoing interest and investment in Shelby County.
