homes for sale in huntsville al market outlook

Market outlook; Homes for sale in Huntsville AL
January 31st, 2012 10:21 AM

Huntsville AL Space and Rocket Center
Source Morgan Stanley, Cary Bay, Kristi Franks
Morgan Stanley Research released its latest real estate report, Housing 2.0: The New Rental Paradigm to provide market insights to investors. It’s interesting to know that the research team observes how more Americans have become renters instead of homeowners, attributing to different factors in the economy.
According to the recent Morgan Stanley report, there are roughly 40 million rental housing units in the country representing $6 trillion in asset value, half of which are single-family homes. The study explores how investors can participate in these opportunities and position themselves for the “change” The company released a report just a few weeks ago saying now is a great time for institutional investors to snap up distressed single-family homes and turn them into long-term rental units. The company says the properties don’t compete with the classic apartment rental property, so investors don’t have to worry about cannibalizing their multifamily rental investment portfolios to take advantage of the huge opportunities in single-family rental property ownership. What’s more, Morgan Stanley doesn’t see this shift to rentership as a temporary waypoint while the country sorts out its housing problems; it sees this as a fundamental shift in how the United States will define itself into the future.


Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit.
Home price declines: not only are millions of homes available to investors at deeply discounted pricing but the low prices are changing consumer attitudes on housing as an investment Morgan Stanley says the U.S. home ownership rate, which has fallen to about 64 percent from close to 68 percent at its peak, is really closer to 60 percent when you factor in home owners who’ve stopped paying on their mortgage and only remain in their house because the bank hasn’t finished processing their foreclosure yet. Huntsville homes for sale Once these cases make it through the system, they’ll move to the renter side of the equation.
Banks are now lending amounts up to 3.5 times borrower earnings. This is up from a low during the crisis of 3.2 times borrower earnings
When they do move to the other side of the equation, they’ll become renters of single-family houses, not of multifamily apartment units. That’s because these households, which tend to be a little older and often with children, want a single-family house in the suburbs, not a unit in an apartment building in the city. So, these households will be providing a big share of the demand for single-family rental houses into the future without necessarily adding demand to apartment rentals in the city.
To be sure, many of these households might like to buy again rather than rent given the historically low interest rates and deeply discounted home prices, but the reality is that many of these households simply can’t pass the credit score threshold. Financing is hard to get for the most creditworthy households today, so for credit-impaired households, renting is the only option.
While credit conditions may have loosened slightly, some potential homebuyers are still struggling with credit requirements. In fact, Capital Economics points out that in November 8 percent of contract cancellations were the result of a potential buyer not qualifying for a loan
While this single-family rental sector may appear at first to be of little consequence, by comparison to the product specifically designed, built and operated to this market, it is likely the most underserved rental segment of all. Furthermore, all indications suggest this sector will grow measurably in the coming years.
Morgan Stanley projects some 7.5 million more foreclosures over the next five years, what it calls “liquidated” houses, providing a golden opportunity for institutional investors to snap up properties for their portfolio and get into the long-term single-family rental business.
The average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one year ago.
If the company is right, then this is a great opportunity if you work with institutional buyers of real estate, whether on the buying, selling, or property management side. You have tons of inventory coming onto the market to sell to big buyers who will turn these into long-term rentals.
Distressed homes made up 32 percent of sales in December. Purchases by first-time home buyers declined in December Young buyers have become less eligible and are more concerned about stability of purchase values. Seniors have been migrating to lifestyle rentals in an effort to lower the burden of ownership and reclaim equity as a liquid investment. Combined, these will expand the number of rental homes the market will demand
If the job market continues to improve, then the rebound in consumer confidence will be sustained this year and more households will be willing purchase homes for sale in Huntsville AL If lenders simply dialed back their underwriting requirements to the sound policies they used before the housing boom, home sales would pick up, inventories would shrink, prices would start heading up in more than a few markets, and that 7.5 million in foreclosed houses Morgan Stanley predicts over the next five years will be a smaller number. And those that want to rent can rent and those that want to buy can buy rather than having to rethink their priorities in a new rentership society.
Foreclosed home sales closed at about 22 percent below market rate in December, a discount 2 percent higher than that recorded a year earlier The Morgan Stanley report concludes it would be more profitable to invest in single-family homes that you can use as rentals. Such homes can counter the effects of the housing bubble and further plunge in property values. More so, single-family rentals are also good for both equity and debt investors according to the report.
Although single-family homes may cost more than some other types of properties, more real estate investors prefer having greater privacy in the properties that they invest in. Single-family homes can also be expanded and many of them belong to communities with a homeowner’s association.
Best of all, single-family homes allow a real estate investor to hedge better. When it’s a buyer’s market, rents surge and one’s cash flow also increases. On the other hand, when it’s a seller’s market, the property’s value rises. This leaves the investor with the option to sell the property for a (large) profit or refinance the property to take some cash and/or get a better mortgage interest rate.
With reports like this, it’s pretty obvious that one can gain an advantage with rental real estate.
Across the country, more Americans are becoming home renters, and fewer Americans are becoming homeowners. The beginning of the rentership society is upon us. But all renters are not equal – of the roughly 40MM rental housing units in the country (representing roughly $6 trillion in asset value), about half are multi-family and half are single- family. In this joint report between our US Fixed Income Housing Strategists and US REIT research teams, with contributions from our Chief US Equity Strategist and Large-Cap Banks Analyst, we take a closer look at what the growth of the rentership society implies for both the single and the multi-family rental markets. What opportunities will be created? How will the two sides of the rental market benefit from this transition? What are the greater implications for those industries closely tied to the development and financing of single and multi-family housing? And most importantly – how can institutional investors participate in these opportunities and position themselves for this change?

Keywords; Homes for sale in Huntsville al, Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.

Valley MLS, Huntsville MLS Search

Valley MLS, Huntsville MLS SearchHome of the WeekHarvest, AL - $349,900WOW, meticulously maintained and well thought out house plan makes this one special home in Kelly Plantation! Designed by Frank Betz (modified GERMANTOWN plan) this home offers many upgrades (too many to mention here!)an...

Valley MLS, Huntsville MLS Search

Valley MLS, Huntsville MLS Search


Huntsville MLS
Below is a list of links that may be helpful in your property buying experience.

Valley MLSStart Search Here ValleyMLS.ComHuntsville MLS Huntsville MLS SearchHuntsville MLS search HUNTSVILLE AL MARKET VALUE AND MARKET VALUE UPDATESHUNTSVILLE AL MLS LISTINGSHUNTSVILLE AL MLS LISTINGSMLS search Huntsville LOOKING TO BUY HUNTSVILLE AL REAL ESTATEHuntsville MLSSELLING HUNTSVILLE AL REAL ESTATEFIRST TIME HOMEBUYERS SPECIAL PROGRAMS FOR FIRST TIME HOME BUYERSHUNTSVILLE AL MLS LISTINGSOUR FEATURED LISTINGSValley MLS search HUNTSVILLE AL AREA RENTAL HOMESvalleymls.com PROPERTY MANAGEMENT HUNTSVILLE ALHUNTSVILLE AL INVESTMENT PROPERTYCRITICAL INFORMATION FOR HUNTSVILLE AL AREA REAL ESTATE INVESTORSValley MLS Search

homes for sale in huntsville al

Homes for sale in Huntsville AL, Huntsville Homes for sale research 126 VINEWOOD LANE
126 VINEWOOD LANE has been on market since 01/19/12 at $299,900 / $112 per square foot.

It was listed for rent 08/19/11 at $2,350 lowered several times to $1,795 and then withdrawn on 01/16/12. It was re-listed for rent on 01/19/12 for $2,100 and lowered to $2,000 on 01/27/12.

The listing progression is a little unusual. Normally we would expect a for sale listing that is not selling later be listed as a rental.

The tax records indicate the house is owner occupied. http://www.emapsplus.com/ALMadison/report.asp?County=ALMadison&PID=1603072000013006

The images below are to a close and wide view of the tax plat and the topographic / flood map. The flood zone does reach the back half of the home's lot. It may be that water has never risen to this level. We can ask the neighbors. In any case the flood zone will prevent future development.





House Icon is in incorrect location. Actual house is one lot to the left (west).






The link below is to the Google satellite image of the property and the area behind. What shows on the map above as a creek looks to be an at least partially concrete drainage canal. It's a little confusing in that the canal terminates in a pasture and not a waterway. It may be that the entire drainage canal has been concreted reducing the probability of flooding.

http://maps.google.com/maps?q=126+VINEWOOD+LANE,+MADISON,+AL+35758&hl=en&ll=34.712507,-86.77724&spn=0.002607,0.005134&sll=37.0625,-95.677068&sspn=29.163842,84.111328&hnear=126+Vinewood+Ln,+Madison,+Alabama+35758&t=h&z=18

The entire parcel behind the house is owned by LAND TRUST OF HUNTSVILLE & NORTH ALABAMA so there will be no development behind the house.

http://www.emapsplus.com/ALMadison/report.asp?County=ALMadison&PID=1603072001096000



The link below is to a summary of MLS activity in the neighborhood since 01/01/10. The average sold price was $91 per square foot with a range of $94 to $88 per square foot.


http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115299591

The link below is to the full listings of the sold properties.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115299600

I think the subject house is nicer than the comparable Homes for sale in huntsville al but still think it is priced above what the market will bear.

Searching probate records was especially difficult. I found;

12/29/06 Deed to our seller on subject property.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20061229000881960&format=PDF&ref=9a7ce0a9-05c9-489c-b768-40ee24288a40

6/15/2004 Mortgage with our seller as borrower 126 Vinewood $56,250. Note the name of the neighborhood changed from Lakewood Manor.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20040615000152810&format=PDF&ref=9a7ce0a9-05c9-489c-b768-40ee24288a40

1/30/07 private party mortgage with our seller as borrower for $7,007 on the 126 Vinemont property.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20070131000071710&format=PDF&ref=9a7ce0a9-05c9-489c-b768-40ee24288a40

06/21/11 mortgage release of $40,000 loan on subject property. Note that subdivision name has changed.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20110621000313460&format=PDF&ref=9a7ce0a9-05c9-489c-b768-40ee24288a40

Without cross-referencing several mortgage releases I found we cant estimate what seller owes on the house. Based on what I did find Seller should have room to negotiate unless there is a mortgage on the property I couldn't find.

Huntsville homes for sale - Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management

Other records I found;

Deed lot 1 block 12 Ardmore estates to our seller 05/01/07
http://probate.co.madison.al.us/LoadImage.aspx?sk=20070606000401250&format=PDF&ref=9a7ce0a9-05c9-489c-b768-40ee24288a40

Deed to our seller lot 17 block 3 noogins Hallandale subdivision.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20051118000785170&format=PDF&ref=9a7ce0a9-05c9-489c-b768-40ee24288a40

1595 Spring Hill Road. Assignment of mortgage. Our seller as borrower.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20050405000202610&format=PDF&ref=9a7ce0a9-05c9-489c-b768-40ee24288a40

Formed corporation with two others.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20090327000201200&format=PDF&ref=9a7ce0a9-05c9-489c-b768-40ee24288a40


Land Sale contract 4701 Mastin Lake Road our seller as seller under a land contract.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20040917000375450&format=PDF&ref=9a7ce0a9-05c9-489c-b768-40ee24288a40

Mortgage release, Our Seller as borrower. Manley Road.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20050405000202610&format=PDF&ref=9a7ce0a9-05c9-489c-b768-40ee24288a40

Deed to our Seller Buena Vista Estates Lot 23 Block 3
http://probate.co.madison.al.us/LoadImage.aspx?sk=20070226000135470&format=PDF&ref=9a7ce0a9-05c9-489c-b768-40ee24288a40


Most of the properties above are in areas of modest homes. It looks like our seller is has several rental properties.

homes for sale in huntsville al

Homes for sale in Huntsville AL; Market value of Huntsville Home for sale in Henson Hills

Homes for sale in Huntsville AL
The link below is to a summary of MLS activity in Henson Hills since 01/01/11 of homes that are similar in age.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274098

The three sales were at an average sold price of $75 per square foot with a range of $71 to $77 per square foot. The average days on market were long at 221 days and a range of 55 to 472 days.


Homes for sale in Huntsville AL
The link below is to the full listings of the properties above.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274097

The link below is to what Google street view indicates is your house. If Google is correct the subject house is frame construction while the three sold homes were brick or mostly brick.

http://maps.google.com/maps?q=1099+warton+ave ,+HUNTSVILLE,+AL+35801&hl=en&ll=34.814719,-86.515392&spn=0.000018,0.010546&sll=34.814369,-86.515337&layer=c&cbp=13,168.44,,0,1.87&cbll=34.814719,-86.51552&hnear=108+Burton+St,+Huntsville,+Alabama+35811&t=m&z=17&vpsrc=0&iwloc=A&panoid=8naR1BAzbaW5RW8TLD20Sg


Homes for sale in Huntsville AL
The link below is to a summary of MLS activity of homes outside Henson Hills but within northeast Madison county that might be considered similar .

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274108

The link below is to the archived MLS listing where the house was purchased in 1992 at $152,500 / $63 per square foot. The listings shows the house is 2,440 square feet.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=711i909988766

At the average ” Henson Hills ” sold price of $75 per square foot the home would be $183,000. At a sale of $183,000 and assuming normal realtor fees, seller’s costs and a $2,000 seller contribution to purchaser’s closing costs seller’s net would be something in the $169,000 range.

Huntsville homes for sale - Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.

While Huntsville’s real estate market is improving we are still in a buyer’s market and there are low cost production builders that are making sales of older homes more difficult.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274122

I do expect the market to continue to improve especially during the spring and summer. I also expect the nations economy will improve after next November’s election.

homes for sale in huntsville al

Research of Madison home for sale; Homes for sale in Huntsville AL
January 26th, 2012 12:23 PM
150 LANSDOWNE DRIVE has been on market since 07/27/11 with two price reductions. The link below is the the archived listings history and the current listing. The current owner bought the house on 03/31/2008 for $355,000 / $102 per square foot with no seller paid closing costs. I'm not sure where you saw the $600,000 but Zillow, Trula and homes.com are notorious for having wildly inaccurate information.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115289796
Huntsville homes for sale - Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.
The house is listed at $89 psf now.
The link below is to a summary of MLS activity in the neighborhood since 01/01/11. The average sold price was $98 psf with a range of $73 to $111 psf.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115289798
The house is listed well below the average. If it is in good condition, it would be a good buy.
The area is a little low but the maps don't indicate it is in a flood zone.
http://maps.google.com/maps?q=150+LANSDOWNE+DRIVE,+MADISON,+AL+35758&hl=en&ll=34.704465,-86.780072&spn=0.00035,0.000659&sll=37.0625,-95.677068&sspn=31.28862,86.396484&hnear=150+Lansdowne+Dr,+Homes for sale in huntsville al Madison,+Alabama+35758&t=h&z=21

Homes for sale in Huntsville AL

Homes for sale in huntsville al

Research of Huntsville area homes for sale 119 Huntington Ridge Rd is still available. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115289665

It has a Madison address but is in Monrovia. Note the power lines that run to the south of the house and barn. I’ve driven past the house recently. It’s located just to the south of an upscale neighborhood.

http://maps.google.com/maps?q=119+HUNTINGTON+RIDGE+ROAD,+MADISON,+AL+35757&hl=en&ll=34.815252,-86.732691&spn=0.001398,0.002637&sll=37.0625,-95.677068&sspn=31.28862,86.396484&hnear=119+Huntington+Ridge+Rd,+Madison,+Alabama+35757&t=h&z=19

The house has been on market since 06/27/11. It was listed at $499,000 and curiously the price was just raised by $900. This may have been an attempt to het the property on a hot sheet list and resend it out on automated searches.

There are no previous MLS listings.

Schools information.

http://www.schooldigger.com/go/AL/schools/0222001820/school.aspx

http://www.schooldigger.com/go/AL/schools/0222000560/school.aspx

http://www.schooldigger.com/go/AL/schools/0222000848/school.aspx


110 DONASH CIRCLE has been on the market with no price reductions since 04/19/11. It was also listed at the same price in 2005.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115289675

The house is located in central Madiosn.

http://maps.google.com/maps?q=110+DONASH+CIRCLE,+MADISON,+AL+35758&hl=en&ll=34.738529,-86.747437&spn=0.0007,0.001318&sll=34.813733,-86.726675&sspn=0.00791,0.021093&hnear=110+Donash+Cir,+Madison,+Alabama+35758&t=h&z=20

Schools

http://www.schooldigger.com/go/AL/schools/0000800851/school.aspx

http://www.schooldigger.com/go/AL/schools/0000800495/school.aspx

http://www.schooldigger.com/go/AL/schools/0000800831/school.aspx

The steep lot on 215 BRETT DRIVE really concerns me. I’ve see a lot of homes in this age range on sloped lots with foundation problems. Even if the foundation and drainage system were properly designed and built, The many trees will make maintenance of gutters, downspouts and drains a constant battle. With small children there is little useable yard and there is a drop off at the retaining wall in front of and to the left of the house.

http://maps.google.com/maps?q=215+BRETT+DRIVE,+MADISON,+AL+35758&hl=en&ll=34.716807,-86.718073&spn=homes for sale in huntsville al 0.000003,0.001318&sll=34.717111,-86.71807&sspn=0.007919,0.021093&hnear=215+Brett+Dr,+Madison,+Alabama+35758&t=h&z=20&layer=c&cbll=34.716807,-86.718073&panoid=nVWuDN-C2ZIBWNNot6t4HQ&cbp=12,348.92,,0,0
The house is located on a finger ridge of what my home inspector calls Radon Mountain (Rainbow Mountain) . Radon testing here will be critical.


Homes for sale in Huntsville AL

Key words; Huntsville homes for sale – Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.

Homes for sale in huntsville al

Research Huntsville AL home for sale.
January 23rd, 2012 3:37 PM
Research Huntsville AL homes for sale
The link below is to the current and previous listings of the house. It had been listed 05/18/11 to 09/22/11 at $650,000 / $118 per square foot. The listing was withdrawn with the note ” Sellers have refinanced and have decided to call this their permanent home!” on the withdrawn listing.
They re-listed the house on 11/09/11 at the current $639,000 / $116 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115oeith44510
Tax records indicate the house was built in 2008.
The listing agent called to ask how the showing went and volunteered that the seller’s children were graduating / had graduated from high school and both were leaving for college. The husband travels with work and the house is too big for them. They are planning on downsizing and moving into a smaller home in Hampton Cove that they have rented out.
According to the agent, the seller built the house himself and was ” obsessive compulsive” about the details of the construction. According to her the construction cost was $740,000. She indicated that the owner’s attention to detail, personal involvement and the storm room lead to him spending much more than he should have on the home’s construction.
The link below is to a summary of MLS activity in the neighborhood of all homes since 01/01/11. There were three sales at an average $111 per square foot and a range of $105 to $123 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=oeprhh839484293
The link below is to the full listings of of the three sold properties.
230 WEDGEWOOD TERRACE ROAD that sold at $105 per square foot may not be as nice a home. It went under contract after 69 days on market.
113 STONECROFT DRIVE seems to be a decent comparison. It sold at $120 per square foot in 79 days.
The listing for 105 GREYMONT shows the house was 1- 5 years old. The only photo was an architect drawing. I think the listing agent just neglected to include photos on the listing. The second link shows the house had been listed in 2006, 2008 and 2009-2001. This house sold for $123 per square foot in 711 days counting all of the listings.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=71109340033494
Historical listings and sale of 105 Greymont.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115271109340071109340033494 33494 9
Just based on on the limited sales data the house appears to be priced within the market range.
I tried looking outside the immediate neighborhood for relevant comparables and found one additional sale in the neighborhood. The subdivision name was mis-stated and didn’t show upon the first search. 225 RAPHAEL ROAD was older at 6 to 10 years old. It’s not quite the quality of the subject home and 1,800 of the square footage is in the walk out basement. The house sold at $104 per square foot in 159 days.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=71171109340033494 0323
Searching all of Madison and Limestone Counties for active listings and sales of homes in the $550,000 to $700,000 range from new to 10 years old I found the listings at the link below. There are 39 active listings, one pending sale and just ten sales in the price range.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=711571109340033494 355
While the sales data does support seller’s list price there is a lot of competition for a limited number of buyers in this price range. The only way to know for certain if the seller is willing to negotiate is to make an offer.
Since he was so involved with the home’s construction he may have an emotional attachment and we may need be careful not to start too low and offend him. I’ve had instances where we came in too low, made the seller mad and he refused to consider subsequent offers near list price.
If you did decide to move forward an offer of $620,000 / $112 per square foot would be at 3% under list price. We could ask that seller pay your closing and pre-paid costs up to around $4,500 and provide a home warranty at $700. While he probably wouldn’t accept the offer it should get negotiations started. We might be able to make an offer contingent upon the sale of your existign home wiht a firest right of refusal but may loose some bargining position.
When I recive an offer on one of my listings contingent on the sale of another property I ask for documentation of a sale is pending or for a copy of the listing and a market analysis showing the house is listed within the market range. We also continue to market our listing with a first fight of refusal to remove the contingency within a set time of another accepted offer.
Any offer we make would be contingent on financing, a home inspection and radon testing.
Please let me know if you need a referral for trusted local lenders.
On a side note the links below are to listings in the golf communities of Canebrake in Athens and Cherokee Ridge on Brindlee Mountain, south of Huntsville. If any of the homes catch your eye, click on the address for a map of the location.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7171109340033494 366
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=71171109340033494 80
I searched the Madison County probate records and found the mortgage at the link below dated 2/28/2008 for $495,000. The mortgage has an adjustable rate rider.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20080211711093400334942400&format=PDF&ref=efc4cd71-e47e-4331-b486-071dd6161ec4 Huntsville Houses We can assist you in finding area Huntsville houses that will meet your needs and price range.You can search the entire Huntsville MLS for houses on your own without having to register.
On 11/26/08 there was a loan modification reducing the loan amount to $417,000.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20081126000736400334942400&format=PDF&ref=efc4cd71-e47e-4331-b486-071dd6161ec4
http://probate.co.madison.al.us/LoadImage.aspx?sk=20100400334942400&format=PDF&ref=efc4cd71-e47e-4331uyuyhtdd6161ec4
http://probate.co.madison.al.us/LoadImage.aspx?sk=201003400334942400690&format=PDF&ref=efc4cd71-e47e-kiuygfd
We can assist you in finding area houses Huntsville Houses that will meet your needs and price range.You can search the entire Huntsville MLS for houses on your own without having to register.
http://probate.co.madison.al.us/LoadImage.aspx?sk=201104250400334942400&format=PDF&ref=efc4cd71-e47e-ioehtye
On 11/28/11 they did a refinance at $410,000.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20111108000600330&format=PDF&ref=efc4cd71-e47e-4331-4003349424001dd6161ec4
The images below are the tax plat.

Homes for sale in Huntsville AL
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Homes for sale in Huntsville AL Tax plat
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Tax plat for Homes for sale in Huntsville AL
The topographical map with flood map overlay below indicates the house is not near a flood zone. Note that flood maps only show documented bodies of water and predicted rise their of water level. Given this home is near water and a little low laying, we need to have a careful inspection of the crawlspace for evidence of water or elevated moisture. Since the house is near a mountain the possibility of elevated radon levels is greater. Even with a crawl space we need to have the radon level tested.

Flood map for Homes for sale in Huntsville AL
The link below is to the Google satellite image,
http://maps.google.com/maps?q=400334942400 MADISON,+AL+35757&ll=34.829587,-86.726267&spn=0.008613,0.021093&hnear=107+Greymont+Dr,+Madison,+Alabama+35757&gl=us&t=h&z=16&vpsrc=6
Huntsville Houses We can assist you in finding area Huntsville houses that will meet your needs and price range.You can search the entire Huntsville MLS for houses on your own without having to register.

homes for sale in huntsville al

Homes for sale in Huntsville AL; Market value and research for specific homes for sale in Huntsville AL January 15, 2012
January 14th, 2012 8:19 PM
Homes for sale in Huntsville AL; Market value and research for specific homes for sale in Huntsville AL January 15, 2012


The link below is to the active listing and two previous sales of 220 GLEN MEADOWS LANE. The current owners bought the house in 2008 at $145,000 / $89 per square foot. The agent that listed the property in this sale is in our office. I checked with her about any issues with he house or neighborhood. She said her seller had a job transfer and only lived in the house a couple of months. She liked the house and neighborhood while se was there.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115235176

The house has been on the market this cycle since 11/20/11. There have been no price changes.

Even if the house sold at the current list price, the seller would have a substantial loss when we consider their closing costs.

The link below is to a summary of MLS activity of homes for sale in Huntsville AL in the neighborhood since 01/01/11. 217 GLEN MEADOWS LANE across the street is still on the market at $179,500 / $66 per square foot. The full listing is at the second link.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115235181

The average sold price was $66 per square foot with a range of $51 to $87 per square foot. The average days on market for the sales were remarkably low at 2 days and a range of 3 to 63 days.

217 GLEN MEADOWS LANE
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115235180

The house at 217 GLEN MEADOWS LANE has been on market since 05/20/11. Since the house has been on market for so long and is now empty, seller may be motivated to negotiate. Just from the MLS data, I cant tell waht they paid for the house.

The flood map below shows the neighborhood is not close to a flood zone.



homes for sale in huntsville al


The link below is to the Google satellite image of the house.

http://maps.google.com/maps?q=220+GLEN+MEADOWS+LANE,+HARVEST,+AL+35749&hl=en&ll=34.857878,-86.763555&spn=0.002153,0.005273&hnear=220+Glen+Meadows+Ln,+Harvest,+Madison,+Alabama+35749&t=h&z=18&vpsrc=6


School Data.

http://www.schooldigger.com/go/AL/schools/0222000835/school.aspx

http://www.schooldigger.com/go/AL/schools/0222001412/school.aspx

http://www.schooldigger.com/go/AL/schools/0222000848/school.aspx


101 BRAMBLE WAY is listed at $147,000 / $84 per square foot. The listing history doesn’t show where the current owner bought the house.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115235192

The link below is to a summary of MLS activity in the neighborhood since 01/01/11. There were no sales and one pending sale. This is a foreclosure that was listed at $70 per square foot.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115235193

Two of the active listings are foreclosures.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115235195

While 117 BRAMBLE WAY shows expired. I am working a lease purchase directly with the seller and my buyer. The sale price won’t be public knowledge until after closing.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115235196

The link below is to the recorded deed on the house from 6/18/07

http://probate.co.madison.al.us/LoadImage.aspx?sk=20070619000435470&format=PDF&ref=aa2107ef-dc77-47f9-bbb9-f4f77b7b4654

The link below is to the recorded mortgage on the same date.

http://probate.co.madison.al.us/LoadImage.aspx?sk=20070619000435480&format=PDF&ref=aa2107ef-dc77-47f9-bbb9-f4f77b7b4654

It looks like he and his now wife refinanced 2/12/10 at $109.000.

http://probate.co.madison.al.us/LoadImage.aspx?sk=20100218000083430&format=PDF&ref=aa2107ef-dc77-47f9-bbb9-f4f77b7b4654

Unless I am missing a second mortgage, this is about what he owes.

The purchase money loan was for $110,400 and was not a VA loan. Assuming a 3% down Payment seller probably has about $114,000 in the house. He could have made a larger down payment and my estimates below would be way off. If this house does become a contender I may be able to research the Madison County Probate records for the actual sale price.

The listing agent on the listing is Amerisell Realty. A national limited service realty firm. All they do is list the house in MLS . Seller is paying them from $200 to no more than $500 in a flat fee.

http://www.listonmlsflatfee.com/Alabama/?bdmls=1

Assuming he is paying $200 in a flat fee and didn’t pay any of your closing costs, his break even point on a sale will be in the $118,000 range. Again my estimate may be based on an incorrect down payment,

Even if my estimates are correct, we don’t know what seller would be willing to take and if they need money for a down payment on a new house.

The middle and high schools are the same as the prior property. The elementary school data is at the link below.

http://www.schooldigger.com/go/AL/schools/0222000838/school.aspx

The house is about 1,000' from the nearest flood zone.


homes for sale in Huntsville AL



Satellite image.

http://maps.google.com/maps?q=101+BRAMBLE+WAY,+TONEY,+AL+35773&hl=en&ll=34.950956,-86.713849&spn=0.001974,0.005273&sll=37.0625,-95.677068&sspn=14.20984,64.775391&vpsrc=6&hnear=101+Bramble+Way,+Toney,+Alabama+35773&t=h&z=18



The link below is to the current listing on 147 DANFORTH DRIVE and the archived listing where the current owner bought the house 02/18/01 for $134,820 / $77 per square foot with their seller paying $6,528 of their closing costs. The house has been on the market since 11/28/11 at $81 per square foot $142,000.

The link below is to a summary of MLS activity in the neighborhood since 01/01/11. The average sold price was $57 per square foot with a range of $40 per square foot to $67 per square foot. The average days on market were low at 43 days and a range of 5 to 109 days. The $40 per square foot house (113 DANFORTH DRIVE) took 109 days to sell. It was a foreclosure and may have been in very bad condition.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115240118

At $81 per square foot the house is priced well above the highest recent sale. Since we know the seller paid $134,820 There break even point on a sale will be in the $147,000 range. They are priced at $142,000 which would probably net them something near the loan payoff.

At the highest recent sale of $67 per square foot the 1,757 square foot house would be at $117,000 way off the $142,000 list price.

I’m thinking seller is upside down in the house and unless they were willing and able to bring a lot of cash to closing we couldn’t make a transaction work.

The house is near but not in a flood zone.


homes for sale in Huntsville AL


Please let me know your thoughts on these or any other homes. I can try to gather more information.

In the meanwhile I spent some time searching for more homes at the link below. There are two new construction homes. One listed at $117,000 / $61 per square foot, 207 ELDERBERRY CIRCLE . The listing at 139 CLUBHOUSE LANE is not done very well but this is a nicer neighborhood. We just have to watch for septic system problems that are common in the neighborhood.

Filed under: Homes for sale in Huntsville AL — Philip Winburn @ 1:09 am Tags: Homes for sale in Huntsville AL, homes for sale in huntsville alabama

homes for sale in huntsville

Homes for sale in Huntsville; Moving to Huntsville January 4, 2012
January 4th, 2012 1:56 PM
Homes for sale in Huntsville; Moving to Huntsville January 4, 2012

The link below is to all MLS activity in the neighborhood since 01/01/11. There were three sales at an average $124 per square foot and a range of $87 to $152 per square foot.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115194014

The average days on market were surprisingly low at 117 days and a range of 21 to 399 days.

The link below is to the full listings of the sold homes so you can better compare your house. (2710 TREYBURNE LANE is on the golf course.)

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115194034

There are four active listings at an average of $167 per square foot.

3018 HAMPTON COVE WAY has been on the market since 07/26/11 at $559,900 / $128 per square foot. Except for the pool, this house is a good comparison.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115194021

2614 TREYBURNE LANE has been on the market since 10/24/11 at $699,900 / $153 per square foot. It is located on the golf course.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115194025

2716 TREYBURNE LANE has been on the market since 06/27/11 at $799,900 / $221 per square foot.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115194030

3100 TANTALLON CIRCLE has been on and off the market since 10/18/07. It started out at $1,200,000 and has been listed at teh current $995,000 / $175 per square foot since 03/14/11.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115194038



Downtown Huntsville AL
3003 TANTALLON DRIVE’s status is contingent. It was on the market originally on 03/29/11 at $414,900. They went through two price reductions to the present $399,900 / $114 per square foot on 08/04/11. On 10/31/11 it went under contract. We wont know the sold price until after closing.

The link below is to 51 active listings in Madison County from $650,000 to $850,000.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115194057


The link below is to a handful of larger homes for sale in Huntsville to consider.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115194070


113 GENERAL JACKSON COURT is a bank owned home. There is only one exterior photo so we are uncertain on the condition. The listing states ” As Is” meaning seller doesn’t warranty any of the systems or appliances.

The link below is to archived MLS listings that do have additional photos.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115176555

The subject is listed at $62 per square foot and has been on market since 10/07/11

The link below is to a summary of MLS activity in the neighborhood since 01/01/11. The average sold price was $96 per square foot.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115176564

The link below is to the Google satellite / street view image of the house. The subject is the house to the right of the “A” icon. Note that the house backs up to Pettus Road.

http://maps.google.com/maps?q=113+GENERAL+JACKSON+COURT,+MADISON,+AL+35757&hl=en&ll=34.789883,-86.733142&spn=0.001399,0.002637&sll=34.788449,-86.7333&sspn=0.002822,0.005273&vpsrc=6&hnear=113+General+Jackson+Ct,+Madison,+Alabama+35757&t=h&z=19

Moving to Huntsville Newcomer information Huntsville AL real estate homes for sale Huntsville. Moving to Huntsville.Huntsville AL MLS homes for sale real estate. Search the Huntsville MLS and request automated real estate search.

2741 SLATE DRIVE is new construction at a great price just outside the arsenal off Hobbs Road.

It’s been a while but I have seen 116 LAKE CREST DRIVE in Madison. As best as I can recall there was a serious roof leak that was repaired but there was substantial water damage. The damage was supposed to have been repaired. The corner of the lot backs up to a neighborhood lake. There may have been some minor cracking in the bricks but I can’t recall for sure.

99 WOOD CREEK DRIVE in Madison is a bank owned home.

466 RAINBOW DRIVE is a unique property, over three acres in Madison listed at $71 per square foot. It looks to be in good condition already. It is a little dated.


Huntsville skyline
127 HARBOR GLEN DRIVE SW and 704 MOON CREEK CIRCLE are well priced new construction homes just west of the Arsenal off of Zierdt Road at Beadle Road.

Filed under: Homes for sale in Huntsville AL,huntsville al homes for sale,huntsville alabama homes for sale,Huntsville homes for sale,moving to huntsville — Philip Winburn @ 6:51 pm

Tags: homes for sale in Huntsville, Homes for sale in Huntsville AL, Huntsville AL homes for sale, Moving to huntsville

huntsville al homes for sale

Huntsville AL homes for sale











113 GENERAL JACKSON COURT is a bank owned home. There is only one exterior photo so we are uncertain on the condition. The listing states ” As Is” meaning seller doesn’t warranty any of the systems or appliances.

The link below is to archived MLS listings that do have additional photos.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115176555

The subject is listed at $62 per square foot and has been on market since 10/07/11

The link below is to a summary of MLS activity in the neighborhood since 01/01/11. The average sold price was $96 per square foot.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115176564

The link below is to the Google satellite / street view image of the house. The subject is the house to the right of the “A” icon. Note that the house backs up to Pettus Road a very busy road.

http://maps.google.com/maps?q=113+GENERAL+JACKSON+COURT,+MADISON,+AL+35757&hl=en&ll=34.789883,-86.733142&spn=0.001399,0.002637&sll=34.788449,-86.7333&sspn=0.002822,0.005273&vpsrc=6&hnear=113+General+Jackson+Ct,+Madison,+Alabama+35757&t=h&z=19



Huntsville AL homes for sale
I like the neighborhood of the 112 IRONGATE ROAD house. One has to go through a neighborhood of much older smaller homes to reach it but the neighborhood is very nice. Homes at the back of the development have views and are surrounded by some open space.

The link below is to the Google satellite image. (Google hasn’t driven the neighborhood yet.) There is some open space at the back of the house but the sides and front are pretty close to neighboring homes.

http://maps.google.com/maps?q=112+IRONGATE+ROAD,+MADISON,+AL+35757&hl=en&ll=34.817911,-86.727737&spn=0.002796,0.005273&sll=34.789883,-86.733142&sspn=0.001399,0.002637&vpsrc=6&hnear=112+Irongate+Rd,+Madison,+Alabama+35757&t=h&z=18

The sloped lot does give me some concern. It’s possible to design, build and maintain storm water run off on homes on sloped lots but they are much more prone to foundation problems.

The link below is to a summary of MLS activity in the neighborhood in the past twelve months.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115176576



1111 KELLY VALLEY LANE is proposed construction adjacent to Sparkman High School. It is in a very nice neighborhood but based on the Google satellite image at the link below the house will be impacted by noise and stadium lights from sporting events.

http://maps.google.com/maps?q=1111+KELLY+VALLEY+LANE,+HARVEST,+AL+35749&hl=en&ll=34.83399,-86.716976&spn=0.007908,0.021093&sll=34.817911,-86.727737&sspn=0.002796,0.005273&vpsrc=6&hnear=Kelly+Valley+Ln,+Harvest,+Madison,+Alabama+35749&t=h&z=16

The house will be about 3,000′ from Highway 53 so there will be minimal traffic noise from the highway. Please note that the house is about a mile south of Anderson Hills. This neighborhood was hard hit by the April 27, 2011 tornado. While there was no loss of life there was substantial damage.

http://www.google.com/search?tbm=isch&hl=en&source=hp&q=anderson+hills+tornado+damage&gbv=2&oq=anderson+hills+tornado+damage&aq=f&aqi=&aql=&gs_sm=e&gs_upl=1569l8539l0l10162l29l29l0l15l15l0l235l2150l4.5.5l14l0

This neighborhoods was also hit by a strong tornado in 1999 and in 1974 as well. Some residents of the neighborhood are not rebuilding. While I can’t think of any logical reason that the neighborhood would be prone to tornados, some people think that the neighborhood is jinxed.

111 IVY RIDGE ROAD is in a nice Madison County neighborhood just north of the city. It is near Jeff road and Highway 53, two of our north south traffic arteries. While traffic is heavy by Huntsville standards during rush hour, Highway 53 is being widened now. It feeds Research Park Boulevard that connects to I 565. Google is not able to locate this street so please click on the address for a map of the property location.

The house has been on the market since 09/29/11. It is listed at $103 per square foot. The link below is to a summary of MLS activity in the neighborhood since 01/01/11. Including one new construction sale the average sold price was $116 per square foot with a range of $105 to $123 per square foot. At first look the house appears to be aggressively priced.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115183842

242 WEDGEWOOD TERRACE ROAD is located in the same neighborhood. It is listed at $117 per square foot and has been on the market since 07/07/10 it was originally listed at $549,900 and has has one price reduction to the current $534,000. The listing indicates the house is unoccupied and the photos show the house empty as well. Since the house has been on the market for a long time and is unoccupied the owner may be motivated to negotiate.

107 GREYMONT DRIVE is in the same neighborhood at the previous two properties. It is listed at $116 per square foot and has been on and off the market since 05/18/11. It was originally listed at $675,000 and has had two price reductions. The house is occupied.


homes for sale in huntsville alabama













16484 SNUG HARBOR ROAD is located in a newer south Huntsville neighborhood. The neighborhood is located at the foot of Green Mountain. It is very close to Huntsville’s main marina, Ditto Landing. It is close to Redstone Arsenal. South Huntsville is desirable with good, stable schools but it is a little difficult to reach other areas of Huntsville because the southwest 1/4 of the city is taken up by Redstone Arsenal. To reach west Huntsville, Madison, Research Park and the airport one must first travel north to Governor’s Drive or I 565.

http://maps.google.com/maps?q=16484+SNUG+HARBOR+ROAD,+HUNTSVILLE,+AL+35803&hl=en&ll=34.584535,-86.543341&spn=0.007102,0.042186&sll=27.994401,-84.902344&sspn=34.448831,86.396484&vpsrc=6&hnear=16484+Snug+Harbor+Dr+SE,+Huntsville,+Alabama+35803&t=h&z=15&layer=c&cbll=34.585766,-86.542552&panoid=5Amz_Tu11vrRNu1xXzsx2Q&cbp=11,0,,0,0

This new construction home first went on the market on 01/27/09 at $669,900.

The house is listed at $133 per square foot. The link below is to recent MLS activity in the neighborhood. The average sold price was $111 per square foot with a range of $111 to $113 per square foot. At $113 per square foot the house appears to be substantially overpriced.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115183877

Given the house was completed at the peak of Huntsville real estate market and has been on the market for so long, the builder may be willing to take a loss on a sale.


11034 EVEREST CIRCLE is in a central south Huntsville neighborhood located on Mathis Mountain.



homes for sale in huntsville al


















The link below is to the Google satellite image and street view of the house during construction.

http://maps.google.com/maps?q=11034+EVEREST+CIRCLE,+HUNTSVILLE,+AL+35803&hl=en&ll=34.619541,-86.556296&spn=0.000887,0.005273&sll=34.618906,-86.555915&sspn=0.007999,0.021093&vpsrc=6&hnear=11034+Everest+Cir+SE,+Huntsville,+Alabama+35803&t=h&z=18&layer=c&cbll=34.619537,-86.556296&panoid=E8heGWpSrDsiluvb-_y9Tg&cbp=11,105.86,,0,0

The house has been on the market since 07/13/11 and was originally listed at $719,900. There has been one price reduction to to present $699,900 / $123 per square foot.

Most homes in the STONEMARK subdivision are much older so finding meaningful comparable sales in the immediate neighborhood will be difficult. That being said the link below is to a summary of MLS activity if the neighborhood since 01.01.11. The average sold price was $100 per square foot with a range of $85 to $116 per square foot.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115184000

The only concerns I have with the location are the steep lot and the higher probability of elevated radon gas levels. Our mountainous areas with porous limestone geology tend to have higher radon levels. We can make any offer contingent on a home inspection and radon testing. Since the house is on a steep lot we should probably have a structural engineer or foundation specialist inspect the foundation and storm water diversion systems as well. If elevated radon levels are found the problem can be corrected by the seller for $2,000 – $3,000.

The house is occupied so seller may not have as much motivation to sell as an unoccupied home.


112 SHILOH CREEK DRIVE is in a new Madison neighborhood. It is under construction with an anticipated 02/01/2012 completion date.

Google doesn’t have the address in it’s database yet so click on the address for the approximate location of the property. On the map click on hybrid for a satellite image of the approximate location pre-construction.

Knowing that there is a creek and some low laying land in this area I looked up the flood map below. We will need to do a more through search if the house becomes a contender but the map shows that the subdivision lays outside a nearby flood zone.


Huntsville Alabama homes for sale



From the satellite image it looks link the area behind the subject property will be developed.

There haven’t been any sales in this development yet. If the house does become a candidate for you we will look outside the neighborhood for comparables. We will also need to research the builder. While I know of them, I haven’t had first hand experience. The link below is to the three active listings in the neighborhood

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115184056


108 COVESHIRE PLACE is located in Clift’s Cove an established upscale neighborhood in Madison. This home has been on the market since 09/26/11 and was originally listed at $732,000 There has been one price reduction to the current $699,000 / $149 square foot.

The link below is to a summary of all MLS activity in the neighborhood in the past twelve months. The average sold price was $114 per square foot with a range of $74 to $140 per square foot. The subject home is priced substantially above the highest recent sale.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115184059

The link below is to the Google satellite image of the property. Google hasn’t driven down the street yet for a street view.

http://maps.google.com/maps?q=108+COVESHIRE+PLACE,+MADISON,+AL+35758&hl=en&ll=34.722308,-86.728134&spn=0.0014,0.002637&sll=37.0625,-95.677068&sspn=31.28862,86.396484&vpsrc=6&hnear=108+Coveshire+Pl,+Madison,+Alabama+35758&t=h&z=19

While some homes in the area are on a hilltop and have views I don’t think this house is on a hill. For teh present time there should be a view of the neighborhood pond across the empty lot across the street. That lot will however be developed eventually.

The neighborhood is on the slopes of Rainbow Mountain. Homes in this area are prone to elevated radon levels so testing is critical.


Huntsville al homes for sale

6714 MOUNTAIN LEDGE DRIVE is located in Hampton Cove, one of my favorite areas. The area is surrounded by mountains and some homes have great views. There is open space, a greenway and a Robert Trent Jones golf trail. There is basic shopping and a few restaurants in place. Just east, over Montesano there is Huntsville Hospital, abundant shopping, restaurants and a movie theater.

http://maps.google.com/maps?q=6714+MOUNTAIN+LEDGE+DRIVE,+OWENS+CROSS+ROADS,+AL+35763&hl=en&ll=34.645213,-86.501176&spn=0.003963,0.010546&sll=37.0625,-95.677068&sspn=31.28862,86.396484&vpsrc=6&hnear=6714+Mountain+Ledge+Dr,+Owens+Cross+Roads,+Alabama+35763&t=h&z=17

While there is some traffic on Old Big Cove road to the west, we don’t expect traffic to increase because of some good forward thinking by city planners. Taylor road to the east takes most all of the traffic in this area.

The home has been on the market since 11/01/11 It sold in 2009 for $479,820. At the current list price of $475,000 it is listed at $96 per square foot. The link below is to a summary of all MLS activity in the neighborhood since 01/01/11. The average sold price was $113 per square foot with a range of $98 to $131 per square foot.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115184072


3201 MOSSY ROCK ROAD is also in Hampton Cove. It is further to the northeast and in a valley that connects Hampton Cove to the upscale McMullen Cove and the town of Gurley. To the northwest there is a mountain and to the south and east there is currently open land then a river and then more mountains. The topographic map below with a flood map overlay shows the neighborhood skirts a floor plain.


Huntsville Alabama homes for sale,Huntsville Al homes for sale












The link below is to the Google satellite image. Google hasn’t driven in front of the house but drove down the street beside the house.

http://maps.google.com/maps?q=3201+MOSSY+ROCK+ROAD,+HAMPTON+COVE,+AL+35763&hl=en&ll=34.686563,-86.439636&spn=0.007922,0.021093&sll=34.68662,-86.445682&sspn=0.001998,0.005273&vpsrc=0&hnear=3201+Mossy+Rock+Rd+SE,+Owens+Cross+Roads,+Alabama+35763&t=h&z=16

The lots are relatively small and the house is located on an interior lot. There will be views but they will be obstructed by other homes.

The house is listed at $103 per square foot. It was first listed on 03/07/11 at $515,000. The current owner paid $463,891 for the house in 2007.

The link below is to a summary of MLS activity in the neighborhood in the past twelve months.The average sold price was $102 per square foot with a range of $97 to $113 per square foot.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115187831


126 FEATHERSTONE LANE and 130 FEATHERSTONE LANE are proposed construction homes also in Hampton Cove. The neighborhood is north of central Hampton Cove closer to Huntsville.


Huntsville AL homes for sale


The link below is to the Google satellite image and street view of the approximate location of the proposed construction. I think the homes will be built in the open area just south of the “A” icon.

http://maps.google.com/maps?q=130+FEATHERSTONE+LANE,+OWENS+CROSS+ROADS,+AL+35763&hl=en&ll=34.670735,-86.482315&spn=0.007924,0.021093&sll=34.686563,-86.439636&sspn=0.007922,0.021093&vpsrc=6&hnear=130+Featherstone+Ln+SE,+Owens+Cross+Roads,+Alabama+35763&t=h&z=16

This proposed construction is in an neighborhood of older homes. While the location is desirable the new home’s value will be limited by the surrounding properties. Featherstone Lane is a little busy for a residential street. It is a common cut through from Cauldwell Lane / King Drake / Dug Hill to Old Highway 431. There are some bone rattling speed bumps along Featherstone Lane in an attempt to slow and discourage traffic. There is a development of modest homes in the dirt area at the corner of Featherstone and Cauldwell.

The link below is to a summary of MLS activity in the neighborhood in the past year.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115187843

2606 LEGACY PRESERVE DRIVE and 4705 LEGACY PRESERVE CIRCLE are proposed construction and new construction homes a little further north towards Huntsville at the base of Montesano Mountain.


Huntsville Alabama homes for sale




The link below is to the Google satellite image and street view of the neighborhood. Some of the homes will have mountain views. Note that there are power lines to the south of the subdivision. The development is relative close to Highway 431 so there may be some traffic noise from trucks coming down the mountain. While there have been improvements to the intersection of Dug Hill Road and Highway 431 there are several wrecks there every year.

http://maps.google.com/maps?q=4705+LEGACY+PRESERVE+CIRCLE,+HUNTSVILLE,+AL+35741&hl=en&ll=34.702089,-86.515081&spn=0.001773,0.010546&sll=34.668582,-86.477809&sspn=0.015848,0.042186&vpsrc=6&hnear=Legacy+Preserve+Cir+SE,+Huntsville,+Madison,+Alabama+35741&t=h&z=17&layer=c&cbll=34.702076,-86.515082&panoid=ms0BO3p7LO8nmolWSmyrCw&cbp=11,333.94,,0,0


There was only one sale in this small development in the past twelve months. The home sold at $123 per square foot after 43 days on the market.

Huntsville AL MLS search, Valley MLS Huntsville AL MLS search, Valley MLS, Newcomer information Huntsville AL real estate homes for sale Huntsville. Moving to Huntsville. Huntsville AL MLS homes for sale real estate. Search the Huntsville MLS and request automated real estate search.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115187854

122 S WILLIAMS AND BROAD DRIVE is in a unique neighborhood consisting of both older and newer homes. All of the homes are custom built.












The link below is to the Google image. The house is on a sloped lot but it doesn’t look like it was build on fill that can settle and cause foundation problems. It is near the end of the street so there will be traffic coming from the few dozen other residents along the road.

http://maps.google.com/maps?q=122+S+WILLIAMS+AND+BROAD+DRIVE,+HUNTSVILLE,+AL+35741&hl=en&ll=34.705476,-86.500983&spn=0.003546,0.021093&sll=34.702089,-86.515081&sspn=0.00396,0.010546&vpsrc=6&hnear=122+Williams+and+Broad+Dr,+Huntsville,+Madison,+Alabama+35741&t=h&z=16&layer=c&cbll=34.705472,-86.500983&panoid=WQ7SPi7yVTH70mQWhotORQ&cbp=11,268.75,,0,6.47


Going back 12 months there have been no sales in the neighborhood.

9 HUNTLEIGH PLACE is located in McMullen Cove. This is a new upscale development in a picturesque valley just east and north of Hampton Cove. The development includes a greenway, acess to the Flint River, hiking trails, mountain overlooks and a pool and clubhouse.



The link below is to the Google satellite image. There may be a high tension power line to the north of the street where the house is located.

http://maps.google.com/maps?q=9+HUNTLEIGH+PLACE,+GURLEY,+AL+35748&hl=en&ll=34.701983,-86.441535&spn=0.00396,0.010546&sll=34.640058,-86.731567&sspn=0.031707,0.084372&vpsrc=6&hnear=Huntleigh+Pl,+Gurley,+Madison,+Alabama+35748&t=h&z=17

While Google hasn’t been down the street the image at the link below is the street and neighborhood.

http://maps.google.com/maps?q=9+HUNTLEIGH+PLACE,+GURLEY,+AL+35748&hl=en&ll=34.703165,-86.43985&spn=0.000018,0.010546&sll=34.640058,-86.731567&sspn=0.031707,0.084372&vpsrc=6&hnear=Huntleigh+Pl,+Gurley,+Madison,+Alabama+35748&t=h&z=17&layer=c&cbll=34.702282,-86.439845&panoid=GbqXci4qpYeQf1NOG9OaSA&cbp=12,253.79,,0,0

140 MISTY RIVER LANE is located on the west side of Huntsville just west of Redstone Arsenal. This is Huntsville’s fastest growing area. There is a lot of development in the area and in the short term there are some traffic concerns. By Huntsville standards Zierdt Road the main acess to the area is congested at rush hour. There are road improvement projects in progress and long term this will be a great area.

http://maps.google.com/maps?q=140+MISTY+RIVER+LANE,+HUNTSVILLE,+AL+35824&hl=en&ll=34.658028,-86.721654&spn=0.01585,0.042186&sll=34.712549,-86.501284&sspn=0.031679,0.084372&vpsrc=6&hnear=140+Misty+River+Ln+SW,+Huntsville,+Alabama+35824&t=h&z=15

There were two sales in the neighborhood at an average $77 per square foot.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115187905

36 WALNUT COVE SW is in the same general area in the Lake Forest development.The community has a large lake with an upscale pool and clubhouse. The development is near but parallel to the airport runway. I have never noted noise from the airport in the neighborhood.

The link below is to the Google satellite image. Google hasn’t been down this street yet.

http://maps.google.com/maps?q=36+SW+WALNUT+COVE,+HUNTSVILLE,+AL+35724&hl=en&ll=34.640058,-86.731567&spn=0.031707,0.084372&sll=34.658028,-86.721654&sspn=0.01585,0.042186&vpsrc=6&hnear=36+Walnut+Cove+Blvd+SW,+Huntsville,+Alabama+35824&t=h&z=14


The house has been on the market since 08/17/11 with no price reductions.



Filed under: huntsville al homes for sale,huntsville alabama homes for sale,huntsville mls,Uncategorized,valley mls — Philip Winburn @ 11:25 pm Tags: Huntsville AL homes for sale, Huntsville Alabama homes for sale, Huntsville MLS, Valley MLS Huntsville AL MLS search, Valley MLS Huntsville AL MLS search, Valley MLS, Newcomer information Huntsville AL real estate homes for sale Huntsville. Moving to Huntsville. Huntsville AL MLS homes for sale real estate. Search the Huntsville MLS and request automated real estate search.