A quick check of public records and archived MLS data indicated that the house is owned by Mark and Janet Teresen. I assume that you may be interested in purchasing the house from them. It's difficult to estimate market value on a property without having first seen it. So much depends on how well a property shows to prospective buyers. We can however determine a market range by researching recent sales of similar properties in the area.
The link below is to MLS activity of similar Huntsville homes for sale in the area.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=4719059304
The average sold price was $91 psf (per square foot) with a range of $82 to $95 psf. Huntsville Alabama area Rental Homes, Huntsville Alabama Real Estate Property Management. The average days on market were moderate at 69 days and a range of 17 to 187 days on market.
There are two active listings, both listed at near $96 psf. They have both been on market since 11/06/08.
There is one contingent sale that was listed at $93 psf and was on market 25 days before going under contract. There is one pending sale that was listed at $97 psf and went under contract in just 6 days.
If we were listing this house and it was in good condition, we would list in the $205,000 range.
The link below is to where the Teresens purchased the house 5/21/07 for $189,000 with seller paying $2,000 in purchaser closing costs.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=4719059317
The breakeven point on a sale for the owners assuming there is no realtor involved and they don't pay any closing costs for the purchaser will be in the $190,000 range.
If my assumptions are correct and you need help drafting an offer, just let me know. I can give you advice on drafting the offer to avoid potential problems
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We are expecting the market to heat up nest spring and summer. There are a number of new jobs that will be starting to be filled, interest rates are expected to continue to drop and a lot of the fear associated with the national economy should have subsided.
To help you keep current with MLS activity in your area, we have set up automated notification of new listings or changes to existing listings that may be comparable to your property. If you prefer not to receive the emails, just unsubscribe at the link at the bottom of each email.
We can set up an automated search for properties that meet your requirements . Just let us know what you are looking for and we can do the rest. http://www.huntsville-homes.com/Automatedrealestatesearch
I hope this information is helpful and don't hesitate to contact us if we can assist in any way.
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