2507 Richard Ave, Mobile, AL, 36606
About This Home
Don’t miss this exceptional opportunity in Midtown!!! This updated 2 bedroom cottage is ideally located just minutes from popular Midtown dining, shopping, and entertainment! This property is ideal for the first time home buyer or for investors looking to grow their rental portfolio! The home features beautiful original solid wood floors, high ceilings with lots of light The spacious living room with a traditional fireplace and a separate dining area add functional living space rarely found in homes of this size. The kitchen has been tastefully updated with butcher block countertops and classic tile flooring, offering durability and style. Both bedrooms are generously sized, and the recently renovated bathroom stands out with retro tile, a pedestal sink, and an oversized walk in shower. Relax and enjoy peace of mind knowing the roof and HVAC were both replaced in 2021 and all the duct work was redone in 2024. The private, newly fenced backyard is ideal for quiet enjoyment or entertaining. A rear storage shed provides additional utility and storage. All appliances to stay including the full size stackable washer and dryer. This move in ready, low-maintenance property combines character, updates, and an unbeatable location!! Call for your showing today! Buyer or buyer’s agent to verify all information and measurements.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1948
Materials
- Foundation: Pillar/Post/Pier
- Roof: Shingle
- Construction materials: Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subType: Single Family Residence,Residential
Interior
Appliances
- Appliances included: Dryer,Electric Range,Washer
- Laundry features: In Hall
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Other
- Window features: None
- Flooring: Ceramic Tile,Hardwood
- Fireplace features: Family Room
- Fireplace: Yes
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air
Interior Area
- Total structure area: 837
- Total interior livable area: 837 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 2907230007193
Features
- Levels: One
- Pool features: None
- Patio & porch: Front Porch,Rear Porch
- Exterior features: None
- Spa features: None
- Fencing: Fenced,Privacy,Wood
- Has view: Yes
- Waterfront features: None
Lot
- Lot size: 7,487 sqft
- Features: Back Yard,Front Yard,Private
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
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
- Hurricane
- Inland Flooding
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Alabama Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $657 | $7,884 |
| Home Insurance * | $192 | $2,304 |
| Property Taxes | $46 | $552 |
| Electricity | $240 | $2,881 |
| Total | $1,135 | $13,620 |
Income You'd Need if You Spent...
Alabama FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-12 | Pending sale | $140,000 |
| 2026-03-26 | Price change | $140,000 |
| 2026-03-11 | Price change | $155,000 |
| 2025-12-29 | Price change | $160,000 |
| 2025-12-10 | Price change | $165,000 |
| 2025-12-05 | Price change | $170,000 |
| 2025-11-06 | Price change | $177,500 |
| 2025-10-23 | Price change | $180,000 |
| 2025-10-08 | Price change | $187,500 |
| 2025-09-11 | Price change | $190,000 |
| 2025-08-08 | Listed for sale | $195,000 |
| 2021-08-25 | Sold | $122,900 |
| 2021-07-09 | Listed for sale | $119,900 |
| 2021-06-28 | Pending sale | $119,900 |
| 2021-06-18 | Listed for sale | $119,900 |
| 2013-12-03 | Sold | $41,050 |
| 2010-09-21 | Listing removed | $89,900 |
| 2010-03-26 | Listed for sale | $89,900 |
| 2006-12-29 | Sold | $85,295 |
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