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7881 Lantern Way; Mobile, AL Property Details

7881 Lantern Way, Mobile, AL is a Single Family that was built in 1988. This property is currently Financed and is not for sale. Our records show that 7881 Lantern Way has 3 bedrooms, and 2 bathrooms, and a total of 1,950 square feet. The lot size of 7881 Lantern Way is 34,411 square feet.

Off market
7881 Lantern Way Mobile, AL 36619
$20,540 Estimated Value
3 Beds
2 Baths
1,950 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1988
  • Purchase Price: $95,000
  • Open Loans / Balance: 2 / $186,169
  • Est. Equity / %: $36,831 / 16.52%
  • Gross Yield: 8.588%
  • APN: 34 06 13 4 000 055.07X
  • Situs County: Mobile
  • Length Of Ownership: 2 years, 1 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 6

Structure

  • Floor Cover Type: Tile
  • Stories: 1
  • Exterior Wall Type: Stucco
  • Interior Wall Type: Gypsum Board (Drywall, Sheetrock, etc.)
  • Roof Type: Gable Or Hip
  • Pool Type: Yes
  • Porch Type: Open
  • Roof Cover Type: Asphalt
  • Deck: true
  • Patio Type: Patio

Measurements

  • Total: 1,950/SqFt
  • Lot: 34,411/SqFt
  • Living: 1,950/SqFt
  • Building: 1,950/SqFt
  • Ground: 1,950/SqFt
  • Price Per Square Foot: $48.72

Legal Description

  • Description: LOTS 7 & 8 LANTERN WAY MBK 29 PG 36 #SEC 13 T5S R3W #MP34 06 13 4 000
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Mobile County School District
  • Lat / Lon: 30.603664 / -88.227615
  • Subdivision: Lantern Way
  • Property Class: Residential
  • County Use Code: 111

Amenities

  • Pool: true
  • Plus Four: 5359
  • Cooling: Yes
  • Fireplaces: 1
  • Garage: Carport
  • Heating: Forced air unit
  • Parking: 2

Ownership Info

7881 Lantern Way has no associated ownership info
7881 Lantern Way has no associated ownership info.

Taxes

7881 Lantern Way has 10 associated Taxes items

7881 Lantern Way, Mobile, AL pays taxes in Mobile County, AL. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $20,540. The APN we've located for 7881 Lantern Way is 34 06 13 4 000 055.07X.

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Taxes
  • Assessed Value:  $20,540
  • Assessed Year:  2025
  • Assessed County:  Mobile
  • APN:  34 06 13 4 000 055.07X
  • Assessed Land Value:  3750
  • Market Land Value:  37500
  • Tax Amount:  1037.55
  • Tax Year:  2025
  • Market Value:  205400
  • Market Year:  2025

Tax History

7881 Lantern Way has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $20,540 Land Value $3,750 Improvement Value $16,790 Tax Amount $1,037.55 Change Rate +0.065761% Assessed CR Tax Rate +0.050514%
Year 2024 Assessed Value $18,950 Land Value $3,750 Improvement Value $15,200 Tax Amount $973.53 Change Rate +0.099711% Assessed CR Tax Rate +0.051374%
Year 2023 Assessed Value $17,130 Land Value $3,750 Improvement Value $13,380 Tax Amount $885.26 Change Rate +0.080508% Assessed CR Tax Rate +0.051679%
Year 2022 Assessed Value $15,780 Land Value $3,750 Improvement Value $12,030 Tax Amount $819.3 Change Rate +0.047109% Assessed CR Tax Rate +0.05192%
Year 2021 Assessed Value $15,020 Land Value $3,750 Improvement Value $11,270 Tax Amount $782.44 Change Rate +0.015101% Assessed CR Tax Rate +0.052093%
Year 2020 Assessed Value $14,790 Land Value $3,780 Improvement Value $11,010 Tax Amount $770.8 Change Rate +0.18793% Assessed CR Tax Rate +0.052116%
Year 2019 Assessed Value $14,760 Land Value Improvement Value Tax Amount $648.86 Change Rate Assessed CR Tax Rate +0.043961%
Year 2018 Assessed Value $14,760 Land Value Improvement Value Tax Amount $648.86 Change Rate Assessed CR Tax Rate +0.043961%
Year 2017 Assessed Value $14,760 Land Value Improvement Value Tax Amount $648.86 Change Rate -0.0205% Assessed CR Tax Rate +0.043961%
Year 2016 Assessed Value $15,040 Land Value Improvement Value Tax Amount $662.44 Change Rate +0.094562% Assessed CR Tax Rate +0.044045%
Year 2014 Assessed Value Land Value Improvement Value Tax Amount $605.21 Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $13,980 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate