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707 Selma Ave, Selma, AL, 36701

5beds
3baths
3,654sqft
$335,000
$92price/sqft
$2,664/moest. monthly cost
$106,560/yrincome needed

About This Home

Timeless Victorian Charm with Exceptional Flexibility & Income Potential in the heart of historic Selma, Alabama. Step into a rare opportunity to own a beautifully preserved Victorian home that seamlessly blends historic character with modern versatility. Currently configured as professional office space, this distinctive property offers endless possibilities for investors, entrepreneurs, or homeowners seeking a one-of-a-kind residence. With its classic Victorian architecture, inviting curb appeal, and spacious layout, the property can continue to serve as an office or be thoughtfully converted back into a stunning private residence. The flexible floor plan lends itself to a variety of uses, making it ideal for those looking to create a live/work environment or maximize rental income. Whether you envision a grand single-family home, a residence with a home office, or an income-producing property (subject to applicable zoning and approvals), this property presents exceptional potential. Original architectural details such as leaded glass and stained glass windows, generous room sizes, wood floors, pocket doors and a prime location combine to create a truly unique investment located just mere minutes from the Alabama River, The historic Edmund Pettus Bridge, museums and quaint coffee shops. Currently operating as professional office space but potential for conversion back to residential use (buyer to verify zoning and permitted uses) and has a flexible layout suitable for live/work opportunities, including a conference room, library and reception area if desired. This home has excellent income-producing potential through residential or mixed-use possibilities, where permitted. This is rare chance to own a landmark property with endless possibilities so bring your vision and unlock the full potential of this remarkable Victorian gem--where history, opportunity, and investment value come together.

Getting Around

66
WalkingSomewhat Walkable
0
TransitVery Limited Transit
59
BikeBikeable

Schools

2/10
Selma High SchoolGrades 9-121.4 mi
4/10

Construction

Condition

  • Year built: 1920

Materials

  • Foundation: Basement
  • Roof: Metal
  • Construction materials: Block,Wood Siding,Plaster

Type & Style

  • Home type: SingleFamily
  • Architectural style: Victorian
  • Property subType: Mixed Use

Interior

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Flooring: Wood

Heating & Cooling

  • Heating features: Space Heater
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 3,654
  • Total interior livable area: 3,654 sqft

Property

Details

  • Parcel number: 27 11 07 36 2 003 037.000

Features

  • Stories: 2
  • Patio & porch: Porch
  • Exterior features: Shrubs
  • On waterfront: Yes
  • Waterbody name: N/A

Lot

  • Lot size: 0.26 Acres
  • Features: Lot Remarks,City Lot

Parking

  • Parking features: Parking Pad

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Tornado
Heat Wave
Strong Wind

FEMA Declared Disasters Across Alabama Counties

Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,693$20,316
Home Insurance *$463$5,556
Property Taxes $100$1,200
Electricity $408$4,906
Total$2,664$31,968
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$91,337/yr
40% on housing$79,920/yr
45% on housing$71,040/yr

Alabama FAIR Plan Programs

Alabama FAIR Plan

Covered
None
Add-on available
WildfireWildfire
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.2%
6.2%
0%30.0%
Electricity Growth Rate10-year average: 6.0%
6.0%
0%15.0%
Property Taxes Growth Rate2-year average: -7.9%
-7.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$92This listing

vs Other Active Listings

Avg $/sqft

ZIP 36701$68
Dallas County$68

vs Homes Sold Last Month

Median $/sqft

ZIP 36701$78
Dallas County$108

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-29Price change$335,000
2026-07-28Listed for sale$339,000

For Sale by Agent

AgentTeresa Cameron
BrokerageKey To Lake Martin & Surrounding Areas

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