c.1890 Affordable Alabama Home For Sale By Owner $55K
$55,000
Charming two-story affordable Alabama home located in the historic district, full of character and potential. Features include three bedrooms, two full bathrooms, and a versatile bonus room that could serve as a fourth bedroom or a children’s playroom.
Zillow Comments
The exterior has vinyl siding, 8 foot privacy fencing, and a new metal / asphalt roof in 2023. Heating/cooling uses multiple units as pictured. There is a private rear entrance with an electric privacy gate and wheel chair accessible ramp. The home has a full-house generator. The storage shed and children’s play equipment will be staying with the property. The property is being sold as-is. With a little TLC this home could be a beautiful opportunity for a family to grow in.
- 3bd
- 2ba
- 2,579sqft
- 6,120sqft lot
- Circa 1890
506 Mabry St, Selma, AL 36701
If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.
Contact Property Owner: (334) 301-2849
Pros of Living in Selma, AL
1. Rich Historical Significance
Selma is renowned for its pivotal role in the Civil Rights Movement, particularly the events of “Bloody Sunday” in 1965.Landmarks like the Edmund Pettus Bridge serve as powerful reminders of the city’s commitment to justice and equality.Annual events, such as the Bridge Crossing Jubilee, continue to honor this legacy .
2. Affordable Cost of Living
The cost of living in Selma is significantly lower than the national average. Housing is particularly affordable, with median home prices around $86,800 and average rents for a two-bedroom unit at $840 per month . This affordability extends to groceries, utilities, and transportation, making it an attractive option for those seeking to maximize their purchasing power.
3. Strong Sense of Community
Residents of Selma often describe the city as having a close-knit, family-like atmosphere. Local businesses, community events, and a shared commitment to preserving the city’s history contribute to a welcoming environment
4. Access to Natural Beauty
Selma is situated along the Alabama River, offering opportunities for outdoor activities such as fishing, boating, and hiking. The surrounding landscapes provide scenic views and recreational options for nature enthusiasts
⚠️ Cons of Living in Selma, AL
1. High Crime Rates
Selma experiences elevated crime rates compared to national averages. The violent crime rate is nearly three times the national average, and property crime rates are also significantly higher. Residents have expressed concerns about safety, particularly during nighttime hours
2. Limited Job Opportunities
The local economy in Selma is primarily based on agriculture, manufacturing, and healthcare. However, job opportunities can be limited, especially in specialized fields. Many residents find it necessary to commute to nearby cities for employment .
3. Economic Challenges
Selma faces economic difficulties, including a higher poverty rate compared to the national average. Approximately 32.4% of the population lives below the poverty line, which can impact access to resources and opportunities .
4. Declining Population
The city’s population has been steadily declining over the past five years. This trend may affect the vibrancy of the community and could lead to reduced services and amenities .
5. Recovery from Natural Disasters
In January 2023, Selma was struck by a devastating tornado that caused extensive damage to homes, businesses, and churches. The city is still in the process of recovery, with ongoing efforts to rebuild and restore affected areas
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Family History
Mrs. R.H. Neville (1878-1966) owned this home from the 1940s until the 1960s. She had five sons and ran an antiques business out of the home for many years
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