Homes for sale in Huntsville AL; Huntsville AL MLS

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.









The following link is to a summary of all Huntsville AL MLS activity in your neighborhood in the past year. There were three sales at an average $99 per square foot and a wide range of $88 to $110 per square foot. The average days on market were modest at 59 days and a wide range of 15 to 142 days.



/NALMLSReports/ListitLib/show_report.aspx?ID=7116939608



For better comparison the link below is to the full listings of the comparable properties above. 106 LINDBERGH COURT sold at $87 per square foot in 141 days. I'm puzzled as to why it took much longer and sold for a lower price than the other two homes. The photos indicate the house is in good condition but if the house was underpriced it would have sold much faster.



NALMLSReports/ListitLib/show_report.aspx?ID=7116939611



Just based on the sales data above I would estimate the market would bear a price between $99 and $110 per square foot on your house. This is a range of $326,700 to $363,000 on your 3.300 square foot house.



To see how that compares with other homes on the market, the link below is to Madison homes for sale listed from $320,000 to $365,000



NALMLSReports/ListitLib/show_report.aspx?ID=7116939613







At twenty listings here is adequate available inventory in this price range including some newer and new construction homes.



We might try listing the house somewhere near the top of the range and if showing activity is slow increment the price lower until traffic picks up. In this price range we should see at least 1 - 2 showings per week. If showings are consistently lower the house is probably priced above what the market will bear.







We will enter peak selling season in two months and hopefully there will be some stability in national government so folks feel more comfortable purchasing a home.



At your purchase price of $246,000 and assuming normal fees, costs and a possible $3,000 seller contribution to purchaser closing costs your break even point on a sale will be in the $265,000 range. About 93% of any sale over $265,000 would be profit for you. Considering loan pay down and escrowed money that would be refunded after closing your breakeven point your net from a sale would be a little higher.



If you haven't already seen it the link below is to a webpage where do a simple breakdown on the three elements it takes to sell a house.



http://www.huntsville-homes.com/LookingtoSell



In considering renting the house the link below is to the one recently rented home in the neighborhood. It rented for $2,000 last August.



NALMLSReports/ListitLib/show_report.aspx?ID=7116939614







The link below is to a summary of Madison rental homes in the $1,800 to $2,200 range. There is one active listing and the others rented in the past year. Based on this information I think the house would rent in the $2,000 to $2.100 range fairly fast depending on the time of year and how well the house shows.







NALMLSReports/ListitLib/show_report.aspx?ID=7116939615



In summary you are in good shape for either selling or renting. While we carefully screen our tenant applicants, there is always an element of risk in renting a home. Also if you sell a house that has been your primary residence three of the past five years you don't have to pay capital gains tax on the profit from a sale.



The link below is to a short biography so you can learn a little more about me.



http://www.huntsville-homes.com/Philip'sProfile