Huntsville investment homes

Huntsville AL
The link below is to a summary of sales in the neighborhood since 01/01/11 including both smaller ranch style and larger two-story homes. (Larger homes will tend to have a lower per square foot value than smaller homes in the same neighborhood.) The average sold price was $62 per square foot with a highest sale at $73 per square foot and a lowest sale at $53 per square foot. The subject property is listed at $46 per square foot. At the lowest sold price it would be $166,000. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115356275 Assuming repairs could be made for $5,000 or less, at the list price the house has at least $16,000 in equity. (A copy of the table follows as well)

Huntsville Alabama skyline
The house is located within the city of Madison but is in Limestone County. Limestone County Probate records are not online so we can't look up the mortgage without and on site visit. Tax records put the home value at $210,818.00 https://www.limestonerevenue.net/PRC/UserWSFramesWithBanner.asp?Item1=17%2006%2013%200%20000%20176.000&Item2=2011&Item3=&Item4=&WSName=PROPERTY%20RECORD&WSClose=1&ActiveCmd= Others will recognize the value in this house. We should move quickly to get an offer in front of Bank of America.

Huntsville Alabama's downtown
Rather than risk loosing what we know is an exceptional buy, my counsel is to make a full price offer with seller paying $3,000 of your closing costs and pre-paid costs. The average sold price in the neighborhood was $86 per square foot. If the house was in good condition it would be worth around $140,000. We should make another visit to the house, make a list of repairs and an estimate of the costs. We can deduct the costs of the repairs from the $140,000 to get an idea of what the current value is. We would make an offer that was something less than that amount. I think that the sunroom is not included in the listed square footage. It does add value but the value per square foot will be less than the house proper.

Downtown Huntsville AL
I think the current listing agent just cloned the square footage along with the entire 2004 listing. The current listing and the 1999 listing show 1,623 square feet. The 1999 listing shows 1,756 square feet. The original 1996 listing shows 1,600 square feet. The tax records show 1,626 square feet. A difference of 26 square feet doesn't concern me. We could measure the house three times and come up with a slightly different measurement each time.

Huntsville Skyline










Properties Recently Sold
Addr: 100 PRESTON CIRCLE
MLS#: 993362 S
#1
City/Area: MADISON/MC
PropType: SF
List Price: $139,900
Sold Price: $139,000
$/Sqft: $73.16
Beds: 3
Baths: 2
AprxSqFt: 1,900
Lot: 70 X 115
SldDate: 07/06/2011
Acres: 0.23
AprxAge: 1-5Yr
Fireplc: One
DOM: 29
ElemSch: HERITAGE
Mid: LIBERT
High: BOBJ
Subdivision: OXFORD

Features: Ra FullBrik Rng/Ovn, CookTop, Dshwsh, Disposl, Mcrowav 2CarGar Patio
Seller Paid Costs: $5,476 Seller Paid Points: $0Agent Comments: Remarks: CLEAN AND NEAT AS A PIN BEST DESCRIBES THIS SPACIOUS THREE BEDROOM FULL BRICK RANCH HOME. FORMAL LIVING ROOM WITH HARDWOOD FLOORS COULD BE USED AS A HOME OFFICE. FORMAL DINING ROOM IS PERFECT FOR THOSE FAMILY GATHERINGS. INVITING GREATROOM WITH FIREPLACE IS BATHED IN NATURAL LIGHT. THE BRIGHT & SUNNY KITCHEN FEATURES LOADS OF CABINETS AND IS OPEN TO THE GREATROOM. RELAX AND ENJOY THE OUTDOORS ON THE PATIO. CALL TODAY!
Addr: 203 MILLBURY COURT
MLS#: 401069 S
#2
City/Area: MADISON/MC
PropType: SF
List Price: $169,999
Sold Price: $169,990
$/Sqft: $64.12
Beds: 3
Baths: 3
AprxSqFt: 2,651
Lot: 119X171
SldDate: 01/30/2012
Acres: 0.46715
AprxAge: 1-5Yr
Fireplc: None
DOM: 110
ElemSch: MILL CRK
Mid: LIBERT
High: BOBJ
Subdivision: OXFORD

Features: 2S 3/4Brick Rng/Ovn, Dshwsh, Disposl, Mcrowav, Dryr, Wshr, Refrig 2CarGar, AttGar, DrOpn, FrntEntr Patio, CvrdPrch, Curb/Gut, Sidewalk, UndgrndU, ParkNear
Seller Paid Costs: $4,600 Seller Paid Points: $0Agent Comments: Remarks: WONDERFUL HOME IS CLOSE TO SHOPPING & SCHOOLS. ALMOST NEW. LIVING, FAMILY & LOFT/BONUS ROOMS. MASTER IS HUGE WITH SITTING AREA, BEAUTIFUL GARDEN TUB IN HUGE MSTR BATH. PRIVACY FENCED LEVEL YARD. MADISON SCHOOLS. SELLER PAYS BUYERS CLOSING COSTS UP TO $4600. WITH FULL PRICE OFFER!!! CALL NOW FOR YOUR SHOWING APPOINTMENT
--Information deemed reliable but not guaranteed--Copyright: 2012 by NALMLS, Inc. WWW.HuntsvilleRealty.NETPrepared by Philip Winburn on 2/10/2012

Properties Recently Sold
Addr: 101 STOCKPORT CIRCLE
MLS#: 839781 S
#3
City/Area: MADISON/MC
PropType: SF
List Price: $215,000
Sold Price: $195,000
$/Sqft: $57.37
Beds: 5
Baths: 3
AprxSqFt: 3,399
Lot: 113.75X70.66
SldDate: 06/09/2011
Acres: 0.18452
AprxAge: 1-5Yr
Fireplc: One
DOM: 183
ElemSch: MILL CRK
Mid: LIBERT
High: BOBJ
Subdivision: OXFORD

Features: 2S, Tr Vinyl/Al, 1/2Brick Rng/Ovn, Dshwsh, Disposl, Mcrowav 2CarGar, AttGar, DrOpn, FrntEntr Patio, UndgrndU
Seller Paid Costs: $2,500 Seller Paid Points: $0Agent Comments: Remarks: SPACIOUS 5 BR/2.5 BATH HOME IN MADISON SCHOOL DISTRICT! LOTS OF SQ. FOOTAGE FOR PRICE. THIS HOME FEATURES HARDWOOD & TILE FLOORING; GREAT ROOM W/FIREPLACE; FORMAL DINING ROOM; TILE IN ALL WET AREAS, KITCHEN & BREAKFAST ROOM. LARGE FAMILY ROOM ON 2ND LEVEL, WIRED FOR SURROUND-SOUND. WALK-IN CLOSETS IN ALL BEDROOMS, MAIN LEVEL MASTER SUITE W/GLAMOUR BATH. LOW MAINTENANCE BRICK & VINYL EXTERIOR, PRIVACY FENCED BACKYARD, EXCELLENT LOCATION, ATTRACTIVE NEIGHBORHOOD!
Addr: 228 BROCKTON DRIVE
MLS#: 351422 S
#4
City/Area: MADISON/MC
PropType: SF
List Price: $229,900
Sold Price: $217,000
$/Sqft: $53.45
Beds: 5
Baths: 4
AprxSqFt: 4,060
Lot: 135.991X75
SldDate: 07/15/2011
Acres: 0.23
AprxAge: 1-5Yr
Fireplc: One
DOM: 172
ElemSch: MILL CRK
Mid: LIBERT
High: BOBJ
Subdivision: OXFORD

Features: 2S 3/4Brick Oven, Dshwsh, Disposl 2CarGar Patio, CvrdPrch, Curb/Gut, Sidewalk, UndgrndU, Dr-Concrete
Seller Paid Costs: $0 Seller Paid Points: $0Agent Comments: Remarks: Great Location! Near Redstone Arsenal, Research Park and Huntsville, minutes from I565. This beautiful home is 4060SF, 5BR and 4BTH , oversized bonus for entertaining family and friends. Privacy Fence and Covered Back Porch for your enjoyment. All the Bedrooms have walk in Closets. Master Bedroom is located on the 1st Floor. Upstairs a Guest Master could be used for Teenager or Mother in Law suite. Already pre-wired for all your media connections. It will not last long.
--Information deemed reliable but not guaranteed--Copyright: 2012 by NALMLS, Inc. WWW.HuntsvilleRealty.NETPrepared by Philip Winburn on 2/10/2012

Sold properties
Total # of Listings
4
Lowest Price Listing
$139,000
Highest Price Listing
$217,000
Average Price
$180,248
Avg. Price/SqFt
$62
Avg. Days on Market
124
--Information deemed reliable but not guaranteed--Copyright: 2012 by NALMLS, Inc. WWW.HuntsvilleRealty.NETPrepared by Philip Winburn on 2/10/2012

Summary Graph/Analysis
Cumulative Analysis
Listing Category
Lowest Price
Highest Price
Average Price
Avg Price/Sqft
Sold
$139,000
$217,000
$180,248
$62
Total
$139,000
$217,000
$180,248
$62Sold Property Analysis
Address
List Price
Sold Price
DOM
% Chg
SP/Sqft
100 PRESTON CIRCLE
$139,900
$139,000
29
0.6%
$73.16
203 MILLBURY COURT
$169,999
$169,990
110
0.0%
$64.12
101 STOCKPORT CIRCLE
$215,000
$195,000
183
9.3%
$57.37
228 BROCKTON DRIVE
$229,900
$217,000
172
5.6%
$53.45
Total Averages
$188,700
$180,248
124
4.5%
$62
--Information deemed reliable but not guaranteed--Inc. WWW.HuntsvilleRealty.NETPrepared by Philip Winburn on 2/10/2012

Property Summary
.
Sta
Street Address
Bed
Baths
SqFt
Aprx. Age
L Price
S Price
Sold Date
DOM
1
S
100 PRESTON CIRCLE
3
2
1,900
1-5Yr
$139,900
$139,000
07/06/2011
29
2
S
203 MILLBURY COURT
3
3
2,651
1-5Yr
$169,999
$169,990
01/30/2012
110
3
S
101 STOCKPORT CIRCLE
5
3
3,399
1-5Yr
$215,000
$195,000
06/09/2011
183
4
S
228 BROCKTON DRIVE
5
4
4,060
1-5Yr
$229,900
$217,000
07/15/2011
172
--Information deemed reliable but not guaranteedInc. WWW.HuntsvilleRealty.NETPrepared by Philip Winburn on 2/10/2012

©2012 Solid Earth, Inc. Solid Maps
--Information deemed reliable but not guaranteed--WWW.HuntsvilleRealty.NETPrepared by Philip Winburn on 2/10/2012



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