Homes for sale in Huntsville AL; Huntsville AL MLS news.

Saturday, January 28, 2012

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It was listed for rent 08/19/11 at $2,350 lowered several times to $1,795 and then withdrawn on 01/16/12.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

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