Moving to Huntsville; Homes for sale in Huntsville
June 12th, 2012 11:13 PM
13080 HERMOSA DRIVE, 2524 AUTUMN RIDGE DRIVE and 2539 BONNIE OAKS DRIVE are in a relatively stable and well kept neighborhood. There have been some foreclosures but overall it's a decent neighborhood. The adjacent neighborhood to the north is a less expensive neighborhood but the next neighborhoods furhert to the north and the one to toe south are nicer, new construction. You may have picked these homes for sale in Huntsville three listings because there is a road to Redstone Arsenal just to the south of the neighborhood on Green Cove / Buxton. This is a service gate only. The closest operational gate is gate 3 at Redstone Road about 2 miles to the North. The link below is to a list of the arsenal gates and their hours. http://www.garrison.redstone.army.mil/sites/about/gates.asp 2524 AUTUMN RIDGE DRIVE has been on the market for almost a year. I showed it when it first came on the market and it was really messy. If memory serves me, we had scheduled a showing with the owner but woke him up and the place was not in showing condition at all. My buyers left pretty fast. Even though 2441 BELL TOWN DRIVE, 2421 BELL MANOR DRIVE and 2491 BELL TOWN DRIVE are new construction, we would need to have a home inspection and radon* testing. While this is not one of their lowest priced neighborhoods the builder, Hunter Homes, focuses of entry level buyers and buyers that can just barely get financing. They built several very cheap neighborhoods where market values are dropping. The homes in this neighborhood are a much higher quality. Hunter Homes is a pretty high pressure sales company. It's way too easy to walk into a model home or their show room and before you have time to shop around walk out having signed a contract. 2309 PEMBROOK ROAD is on a corner lot at the entry to a cul-de-sac. It is in an established neighborhood. Every time I have been in the neighborhood the homes seem well maintained. The only negative is that most of the streets out of the neighborhood exit onto the very busy Memorial Parkway and there are not traffic signals. You would have to go about a half mile south for a street with a traffic signal onto the Parkway. 2403 BASIN STREET is in a very good area and on a cul-de-sac street. It is however the second house in from a pretty busy road. The link below is to Google's satellite image. http://maps.google.com/maps?q=2403+BASIN+STREET,+HUNTSVILLE,+AL+35803&hl=en&ll=34.631222,-86.536941&spn=0.001991,0.005273&sll=37.0625,-95.677068&sspn=31.426353,86.396484&hnear=2403+Basin+St+SE,+Huntsville,+Alabama+35803&t=h&z=18 I previewed this house for an our of country client when it was listed for $147,000 in 2010. The listing was withdrawn and then re-listed 4/22/12 showing a different owner. The link below is to the archived and current listings. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115928877 When I saw the house it needed a lot of freshening up and didn't show well at all. It looks like the new owner may have done some work. If the house is a contender, I can look of comparable sales to establish market value but my first impression is that it is priced too high. Please follow the link below to the photos of the house in 2010 for the overseas client. Please keep in mind the condition is probably much better now. http://www.visualtour.com/show.asp?t=2805832&prt=10003 539 WILSON MANN ROAD and 104 SPIKE STREET are both in Owens Cross Roads and are about 30-35 min. to Redstone Arsenal. https://maps.google.com/maps?saddr=Aerobee+Rd&daddr=539+WILSON+MANN+ROAD,+OWENS+CROSS+ROADS,+AL+35763&hl=en&ll=34.682346,-86.645737&spn=0.253523,0.674973&sll=34.682487,-86.645565&sspn=0.063381,0.168743&geocode=FWYsEQId5gzW-g%3BFWfUDwIdGwDZ-inHhmT6oA9iiDGxivd-CiI4RQ&oq=redstone+a&t=h&mra=dme&mrsp=0&sz=13&z=11 539 WILSON MANN ROAD is not a busy road but ther is some traffic. Drivers tend to move pretty fast and while there is a small fenced area the house is pretty close to the road. This may not be the best house if you have or are planning childeren. (104 SPIKE STREET is just around the corner, in the same neighborhood and on a cul-de-sac.) https://maps.google.com/maps?q=539+WILSON+MANN+ROAD,+OWENS+CROSS+ROADS,+AL+35763&hl=en&ll=34.591832,-86.441673&spn=0.000496,0.001318&sll=34.682346,-86.645737&sspn=0.253523,0.674973&t=h&hnear=539+Wilson+Mann+Rd,+Owens+Cross+Roads,+Alabama+35763&z=20 Some homes that have an Owens Cross Roads address are actually in the Huntsville city limits and have better schools. 539 WILSON MANN ROAD and 104 SPIKE STREET are both far enough out that they are not in the city. Even if you don't have children and schools aren't important to you, the quality of schools will be important at an eventual resale. While the elementary school has a good reputation the high school does not. Elementary school data; http://www.schooldigger.com/go/AL/schools/0222000846/school.aspx High school data; http://www.schooldigger.com/go/AL/schools/0222000843/school.aspx My Family moved from the city to northeast Madison County four years ago and regret not having moved sooner. The schools are good, there is basic shopping and dining in place with more planned. The commute to our downtown office is usually 15 min.. The commute to Redstone is about 20 - 25 min.. The link below is to some listings I thought you may want to review. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115928905 I previewed 105 DENTON DRIVE for an out of state investor client in late march and was impressed with the house. The link below is to the photos I sent him. The following text is may narrative of the house.
http://youtu.be/jh_1KkSgJkU Breland Homes bought out the original developer who was a more upscale builder. There are about 20 homes that were finished before Breland took over the development. I was able to get photos of the plats of available lots and previewed three available spec. homes. The premium lots on cul-de-sacs and at the rear of the development with mountain views and open space behind are all taken but one of the existing homes did really catch my attention. While it doesn't have granite there is stainless appliances, tile in the wet areas, nicer cabinets, true hardwood in the foyer and a fence. Please follow the link to the listing. The MLS photo doesn't do the house justice at all and the fence wasn't in place at the time of the photo. Be sure to look at the floor plan under the lead photo. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115928940 The link below is to a better floor plan. Refer back to the listing for room dimensions. http://www.brelandhomes.com/brooks-landing-plans.htm The only odd things were a little angular 3' hall to the master bedroom. The laundry is off of this hallway instead of leading to the garage as in many new homes. The laundry room has a little alcove behind the door. It makes the angular hall work out and makes a good spot for brooms, mops or possibly some shelves. A dog wandered onto the porch before the concrete dried. You can see the photos on the slide show. We can ask about getting this repaired. The link below is to the community web page. http://www.brelandhomes.com/brooks-landing.htm The satellite image below shows the approximate location of the house. There is a railroad track on the other side of the tree line to the south about 1,000 to 1,200 feet from the house. There is not a grade crossing nearby so the train won't be blowing it's horn. A train did some by when I was in the backyard. It sounded like a distant rumble, not at all loud or annoying. The flood / topo map shows the house near a flood zone so we do need to make any offer contingent on the house not requiring flood insurance. Please remind me. I really don't think this savy builder would have bought the development if it were in a flood zone. We ould nedd to confirm prior to an offer and make offers contingent on the house not being in a flood zone.
The link below shows the mountian views to the south. The link below is to the Google satellite image. http://maps.google.com/maps?q=105+DENTON+DRIVE,+HUNTSVILLE,+AL+35811&hl=en&sll=37.0625,-95.677068&sspn=31.28862,86.396484&t=h&hnear=105+Denton+Dr,+Huntsville,+Alabama+35811&z=16 Google estimated 15 min. to Research Park and Redstone Arsenal. In traffic it might be 20 - 25 min.. http://maps.google.com/maps?saddr=I-565+E&daddr=105+DENTON+DRIVE,+HUNTSVILLE,+AL+35811&hl=en&sll=34.730685,-86.57671&sspn=0.126688,0.337486&geocode=FdWWEQId8ojV-g%3BFQCwEgIduBPY-imhwXN-1xViiDHefZZyZ8ON4Q&oq=redstone+arsenal+&mra=dme&mrsp=0&sz=12&t=m&z=12 The link below is to a slide show of the house.
The text below is to my eamil to him regarding the house. The schools that serve the area are very good. There is basic shopping in place including groceries, pharmacy, and some restaurants. Before the recession, ground had been broken on a 62 store, Target shopping center. There is some talk that the plans to build are being re-evaluated. There is construction now of a large wellness center on the site. There are long long term plans to extend I 565 to Ryland Pike just to the south and east of the subject. School information The elementary school is about 1 mile away. http://www.schooldigger.com/go/AL/schools/0222001513/school.aspx https://www.madison.k12.al.us/Schools/mtcs/default.aspx Map of all three schools. http://maps.google.com/maps/ms?msid=208693942231560517850.00045211baa368bcd8efe&msa=0&ll=34.802951,-86.430473&spn=0.063289,0.168743 The middle school is next door to the elementary school. http://www.schooldigger.com/go/AL/schools/0222000310/school.aspx https://www.madison.k12.al.us/Schools/ris/default.aspx The high school is about 4 miles away. http://www.schooldigger.com/go/AL/schools/0222001683/school.aspx https://www.madison.k12.al.us/Schools/bhs/default.aspx The listing went contingent on 03/14/11 and I suppose the fence was added for the buyers. The sale fell through and the house came back on the market on 10/10/11. The average sold price in the neighborhood since 03/01/11 was $87 per square foot with a highest sale at $103 per square foot. The subject is listed at $93 per square foot and has the fence where the comparables don't. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115928941 Generally builders don't negotiate a lot but we would try. We should at least get most of our closing costs and a nice frig. There were two other available homes in the neighborhood but I discounted them. one had a bad lot and the other had an older house across the street that is not at all well maintained. We covered a lot in this email and hope you aren't overwhelmed with information. We try to do as much research and work for our clients as possible to save them time and help them find the best home for their needs. Sometimes the engineer in me comes out and I go too far with the details. I find it the best use of my buyer's time to start by meeting in our office and researching together. Once we narrow the candidates we can group the listings by area and start viewing houses. One we find a candidate we will do detailed research before making an offer. Please let me know what time you want to get started on the 23rd. *From your phone number you may be moving from Baton Rouge and not know much about radon. It is a naturally occurring gas that seeps from the earth as uranium and other radioactive elements decay. In the open air radon is not a heath risk but if high levels accumulate inside a sealed house, it can cause lung cancer. Radon levels vary widely from neighborhood to neighborhood and even from one house to another in the same neighborhood. While this neighborhood is not prone to elevated levels, north Alabama is in a high risk zone. We usually only see elevated levels near and on our mountains. It's something about the porous limestone and geology of the mountains that poses a greater risk. Huntsville Houses We can assist you in finding area 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.
Showing posts with label Homes for sale in Huntsville. Show all posts
Showing posts with label Homes for sale in Huntsville. Show all posts
Tuesday, June 12, 2012
Sunday, April 22, 2012
hones for sale in huntsville
Breland Homes bought out the original developer who was a more upscale builder. There are about 20 homes that were finished before Breland took over the development.
The site agent is out of town until the 30th but I was able to get photos of the plats of available lots and previewed three available spec. homes. The premium lots on cul-de-sacs and at the rear of the development with mountain views and open space behind are all taken but one of the existing homes did really catch my attention. While it doesn't have granite there is stainless appliances, tile in the wet areas, nicer cabinets, true hardwood in the foyer and a fence.
Please follow the link to the listing. The MLS photo doesn't do the house justice at all and the fence wasn't in place at the time of the photo. Be sure to look at the floor plan under the lead photo.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115548090
The link below is to a better floor plan. Refer back to the listing for room dimensions.
http://www.brelandhomes.com/brooks-landing-plans.htm
The only odd things were a little angular 3' hall to the master bedroom. The laundry is off of this hallway instead of leading to the garage as in many new homes. The laundry room has a little alcove behind the door. It makes the angular hall work out and makes a good spot for brooms, mops or possibly some shelves. A dog wandered onto the porch before the concrete dried. You can see the photos on the slide show. We can ask about getting this repaired.
The link below is to the community web page.
http://www.brelandhomes.com/brooks-landing.htm
The satellite image below shows the approximate location of the house. There is a railroad track on the other side of the tree line to the south about 1,000 to 1,200 feet from the house. There is not a grade crossing nearby so the train won't be blowing it's horn. A train did some by when I was in the backyard. It sounded like a distant rumble, not at all loud or annoying.
The flood / topo map shows the house near a flood zone so we do need to make any offer contingent on the house not requiring flood insurance. I really don't think this builder would have bought the development if it were in a flood zone.
The link below is to the Google satellite image.
http://maps.google.com/maps?q=105+DENTON+DRIVE,+HUNTSVILLE,+AL+35811&hl=en&sll=37.0625,-95.677068&sspn=31.28862,86.396484&t=h&hnear=105+Denton+Dr,+Huntsville,+Alabama+35811&z=16
Google estimated 15 min. to Research Park and Redstone Arsenal. In traffic it might be 20 - 25 min..
http://maps.google.com/maps?saddr=I-565+E&daddr=105+DENTON+DRIVE,+HUNTSVILLE,+AL+35811&hl=en&sll=34.730685,-86.57671&sspn=0.126688,0.337486&geocode=FdWWEQId8ojV-g%3BFQCwEgIduBPY-imhwXN-1xViiDHefZZyZ8ON4Q&oq=redstone+arsenal+&mra=dme&mrsp=0&sz=12&t=m&z=12
The link below is to a slide show of the house.
http://youtu.be/jh_1KkSgJkU
The schools that serve the area are very good. There is basic shopping in place including groceries, pharmacy, and some restaurants. Before the recession, ground had been broken on a 62 store, Target shopping center. There is some talk that the plans to build are being re-evaluated. There is construction now of a large wellness center on the site. There are long long term plans to extend I 565 to Ryland Pike just to the south and east of the subject.
School information
The elementary school is about 1 mile away.
http://www.schooldigger.com/go/AL/schools/0222001513/school.aspx
https://www.madison.k12.al.us/Schools/mtcs/default.aspx
Map of all three schools.
http://maps.google.com/maps/ms?msid=208693942231560517850.00045211baa368bcd8efe&msa=0&ll=34.802951,-86.430473&spn=0.063289,0.168743
The middle school is next door to the elementary school.
http://www.schooldigger.com/go/AL/schools/0222000310/school.aspx
https://www.madison.k12.al.us/Schools/ris/default.aspx
The high school is about 4 miles away.
http://www.schooldigger.com/go/AL/schools/0222001683/school.aspx
https://www.madison.k12.al.us/Schools/bhs/default.aspx
The listing went contingent on 03/14/11 and I suppose the fence was added for the buyers. The sale fell through and the house came back on the market on 10/10/11.
The average sold price in the neighborhood since 03/01/11 was $87 per square foot with a highest sale at $103 per square foot. The subject is listed at $93 per square foot and has the fence where the comparables don't.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115548181
Generally builders don't negotiate a lot but we would try. We should at least get most of our closing costs and a nice frig.
There were two other available homes in the neighborhood but I discounted them;
111 MAGGIE BELL LANE is very nice but the narrow lot slopes up about 10' from the back of the house. In addition to less useable yard, there could be issues with storm water run off.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115548188
Slide show
http://youtu.be/E9yb4gAOY_A
398 BELL CIRCLE is another nice Huntsville homes for sale but it sits across the street from an older house that may have been a farmstead. There is a composting farm truck, an old tractor, an old airstream an old pickup and several old out buildings.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115548194
Slide show
http://youtu.be/b_Xz35mHXvk
The link below is to a slideshow showing a plat of the three available spec homes, the available lots, neighborhood photos showing some of the homes built by the original, more upscale builder and the model home.
http://youtu.be/VWViZ3F1ZMw
At a purchase price of $160,000, 30% down ($48,000) and a 5% rate on a 30 year mortgage ($112,000) The monthly principle and interest payment would be about $600.
We can estimated the insurance cost at about $800 or $67 per month
The property is still being taxed as vacant land. If the tax assessor assessed the property as high as $160,000 The annual non-homestead taxes would be $1,168 or $97 per month.
There is one active rental listing of a larger home in the neighborhood at $1,795. I think this is more than the market will bear.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115548197
I did find one rented property in the neighborhood. It rented last August at $1,350 after just 19 days on market. It was a bit larger and may have been built by the original developer who was a bit more upscale.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115548201
Assuming we could get $1,295 in rent the management fee would be $130.
Income $1,295
Management $ 130
Taxes $ 97
Insurance $ 67
P&I $ 600
Total Expenses $894
Net income $400 / mo
We may be able to press a little higher on rent since we are entering the peak season. We would also ask for the right to market and show the house as a rental upon acceptance of a contract and before closing. This will give us 30 - 45 days of marketing time before closing.
Of everything we have seen so far this house is the one stand out in my mind. The subdivision is almost built out so we would not have to deal with construction, dirt, noise, nails and flat tires as with the Ashbury subdivision in Madison. The original builder was more upscale rather than cheaper as with the Ashbury neighborhood. There is not HOA fee where the fee at Ashbury will be $150 -$200 per year.
Please let me know your thoughts on this house and if I can provide any additional information.
104 TOTTENHAM WAY would have made a great rental but there is some sort of open drainage ditch in the back yard and the backyard of the house to the left is very junky. The house is about the fourth one in from the subdivision entry and there was a little traffic noise. I think we can do better than this.
The link below is to a slide show and the photos below show the ditch and neighbor's yard.
http://youtu.be/2uCP62qgwG4
The site agent at the ASHBURY development off County Line Road will not be on site until Monday. I will would need meet with him then for additional research. The first two phases of the development was by a cheap production builder. Parts of the second phase and the new third phase is by the much better Breland Homes. I took photos of the available lots in the newest section and previewed one of the completed homes. I am a little concerned about the cheaper homes in the neighborhood effection values but you only have to drive past four of them to reach phase three of the development. I do need to find out what percentage of the total development will be the cheaper homes. I suspect it will be less that 20% or so.
The photo below of phase three shows that that the beat cul-de-sac lots are taken. There are two deep lots at the top right in the curve that back up to woods that might be worth a closer look. All the other lots back up to areas that are or about to be developed.
A 6 to 9 month build time would put us the slower rental season.
The development is not near a flood zone (red area).
The link below is to the slideshow of the neighborhood, the plat on the first two phases and one representative house I previewed.
http://youtu.be/eEk6EUqG5_U
The link below is to the Google satellite image of the neighborhood so you can search on your own.
http://maps.google.com/maps?q=247+NEW+BRISTOL+LANE,+MADISON,+AL+35756&hl=en&ll=34.690939,-86.794567&spn=0.007922,0.021093&sll=37.0625,-95.677068&sspn=31.28862,86.396484&t=h&hnear=New+Bristol+Ln,+Madison,+Limestone,+Alabama+35756&z=16
The link below is to all available homes in the neighborhood. Most are new / proposed construction. 119 GRANTHAM CIRCLE, 125 GRANTHAM CIRCLE and 140 GRANTHAM CIRCLE are by the original cheaper builder. 105 MIDDLEWICH DRIVE is a resale but is overpriced. 225 HEALEY DRIVE might be a candidate. It is a well priced resale. I don't think it backs up to open space. Pleas click on the address for the location map. 114 KENTON LANE is a new construction but seems a little pricy at $107 per square foot. There are some upgrades and it backs up to woods. (The address map is incorrect on this one)
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115548216
Homes for sale in Huntsville: Homes for sale in Huntsville; You might find it hard to use Huntsville's public acess MLS, especially if you dont know where to get started. Just let us know what you are looking for at Automated Property Searches and we can help.
The site agent is out of town until the 30th but I was able to get photos of the plats of available lots and previewed three available spec. homes. The premium lots on cul-de-sacs and at the rear of the development with mountain views and open space behind are all taken but one of the existing homes did really catch my attention. While it doesn't have granite there is stainless appliances, tile in the wet areas, nicer cabinets, true hardwood in the foyer and a fence.
Please follow the link to the listing. The MLS photo doesn't do the house justice at all and the fence wasn't in place at the time of the photo. Be sure to look at the floor plan under the lead photo.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115548090
The link below is to a better floor plan. Refer back to the listing for room dimensions.
http://www.brelandhomes.com/brooks-landing-plans.htm
The only odd things were a little angular 3' hall to the master bedroom. The laundry is off of this hallway instead of leading to the garage as in many new homes. The laundry room has a little alcove behind the door. It makes the angular hall work out and makes a good spot for brooms, mops or possibly some shelves. A dog wandered onto the porch before the concrete dried. You can see the photos on the slide show. We can ask about getting this repaired.
The link below is to the community web page.
http://www.brelandhomes.com/brooks-landing.htm
The satellite image below shows the approximate location of the house. There is a railroad track on the other side of the tree line to the south about 1,000 to 1,200 feet from the house. There is not a grade crossing nearby so the train won't be blowing it's horn. A train did some by when I was in the backyard. It sounded like a distant rumble, not at all loud or annoying.
The flood / topo map shows the house near a flood zone so we do need to make any offer contingent on the house not requiring flood insurance. I really don't think this builder would have bought the development if it were in a flood zone.
The link below is to the Google satellite image.
http://maps.google.com/maps?q=105+DENTON+DRIVE,+HUNTSVILLE,+AL+35811&hl=en&sll=37.0625,-95.677068&sspn=31.28862,86.396484&t=h&hnear=105+Denton+Dr,+Huntsville,+Alabama+35811&z=16
Google estimated 15 min. to Research Park and Redstone Arsenal. In traffic it might be 20 - 25 min..
http://maps.google.com/maps?saddr=I-565+E&daddr=105+DENTON+DRIVE,+HUNTSVILLE,+AL+35811&hl=en&sll=34.730685,-86.57671&sspn=0.126688,0.337486&geocode=FdWWEQId8ojV-g%3BFQCwEgIduBPY-imhwXN-1xViiDHefZZyZ8ON4Q&oq=redstone+arsenal+&mra=dme&mrsp=0&sz=12&t=m&z=12
The link below is to a slide show of the house.
http://youtu.be/jh_1KkSgJkU
The schools that serve the area are very good. There is basic shopping in place including groceries, pharmacy, and some restaurants. Before the recession, ground had been broken on a 62 store, Target shopping center. There is some talk that the plans to build are being re-evaluated. There is construction now of a large wellness center on the site. There are long long term plans to extend I 565 to Ryland Pike just to the south and east of the subject.
School information
The elementary school is about 1 mile away.
http://www.schooldigger.com/go/AL/schools/0222001513/school.aspx
https://www.madison.k12.al.us/Schools/mtcs/default.aspx
Map of all three schools.
http://maps.google.com/maps/ms?msid=208693942231560517850.00045211baa368bcd8efe&msa=0&ll=34.802951,-86.430473&spn=0.063289,0.168743
The middle school is next door to the elementary school.
http://www.schooldigger.com/go/AL/schools/0222000310/school.aspx
https://www.madison.k12.al.us/Schools/ris/default.aspx
The high school is about 4 miles away.
http://www.schooldigger.com/go/AL/schools/0222001683/school.aspx
https://www.madison.k12.al.us/Schools/bhs/default.aspx
The listing went contingent on 03/14/11 and I suppose the fence was added for the buyers. The sale fell through and the house came back on the market on 10/10/11.
The average sold price in the neighborhood since 03/01/11 was $87 per square foot with a highest sale at $103 per square foot. The subject is listed at $93 per square foot and has the fence where the comparables don't.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115548181
Generally builders don't negotiate a lot but we would try. We should at least get most of our closing costs and a nice frig.
There were two other available homes in the neighborhood but I discounted them;
111 MAGGIE BELL LANE is very nice but the narrow lot slopes up about 10' from the back of the house. In addition to less useable yard, there could be issues with storm water run off.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115548188
Slide show
http://youtu.be/E9yb4gAOY_A
398 BELL CIRCLE is another nice Huntsville homes for sale but it sits across the street from an older house that may have been a farmstead. There is a composting farm truck, an old tractor, an old airstream an old pickup and several old out buildings.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115548194
Slide show
http://youtu.be/b_Xz35mHXvk
The link below is to a slideshow showing a plat of the three available spec homes, the available lots, neighborhood photos showing some of the homes built by the original, more upscale builder and the model home.
http://youtu.be/VWViZ3F1ZMw
At a purchase price of $160,000, 30% down ($48,000) and a 5% rate on a 30 year mortgage ($112,000) The monthly principle and interest payment would be about $600.
We can estimated the insurance cost at about $800 or $67 per month
The property is still being taxed as vacant land. If the tax assessor assessed the property as high as $160,000 The annual non-homestead taxes would be $1,168 or $97 per month.
There is one active rental listing of a larger home in the neighborhood at $1,795. I think this is more than the market will bear.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115548197
I did find one rented property in the neighborhood. It rented last August at $1,350 after just 19 days on market. It was a bit larger and may have been built by the original developer who was a bit more upscale.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115548201
Assuming we could get $1,295 in rent the management fee would be $130.
Income $1,295
Management $ 130
Taxes $ 97
Insurance $ 67
P&I $ 600
Total Expenses $894
Net income $400 / mo
We may be able to press a little higher on rent since we are entering the peak season. We would also ask for the right to market and show the house as a rental upon acceptance of a contract and before closing. This will give us 30 - 45 days of marketing time before closing.
Of everything we have seen so far this house is the one stand out in my mind. The subdivision is almost built out so we would not have to deal with construction, dirt, noise, nails and flat tires as with the Ashbury subdivision in Madison. The original builder was more upscale rather than cheaper as with the Ashbury neighborhood. There is not HOA fee where the fee at Ashbury will be $150 -$200 per year.
Please let me know your thoughts on this house and if I can provide any additional information.
104 TOTTENHAM WAY would have made a great rental but there is some sort of open drainage ditch in the back yard and the backyard of the house to the left is very junky. The house is about the fourth one in from the subdivision entry and there was a little traffic noise. I think we can do better than this.
The link below is to a slide show and the photos below show the ditch and neighbor's yard.
http://youtu.be/2uCP62qgwG4
The site agent at the ASHBURY development off County Line Road will not be on site until Monday. I will would need meet with him then for additional research. The first two phases of the development was by a cheap production builder. Parts of the second phase and the new third phase is by the much better Breland Homes. I took photos of the available lots in the newest section and previewed one of the completed homes. I am a little concerned about the cheaper homes in the neighborhood effection values but you only have to drive past four of them to reach phase three of the development. I do need to find out what percentage of the total development will be the cheaper homes. I suspect it will be less that 20% or so.
The photo below of phase three shows that that the beat cul-de-sac lots are taken. There are two deep lots at the top right in the curve that back up to woods that might be worth a closer look. All the other lots back up to areas that are or about to be developed.
A 6 to 9 month build time would put us the slower rental season.
The development is not near a flood zone (red area).
The link below is to the slideshow of the neighborhood, the plat on the first two phases and one representative house I previewed.
http://youtu.be/eEk6EUqG5_U
The link below is to the Google satellite image of the neighborhood so you can search on your own.
http://maps.google.com/maps?q=247+NEW+BRISTOL+LANE,+MADISON,+AL+35756&hl=en&ll=34.690939,-86.794567&spn=0.007922,0.021093&sll=37.0625,-95.677068&sspn=31.28862,86.396484&t=h&hnear=New+Bristol+Ln,+Madison,+Limestone,+Alabama+35756&z=16
The link below is to all available homes in the neighborhood. Most are new / proposed construction. 119 GRANTHAM CIRCLE, 125 GRANTHAM CIRCLE and 140 GRANTHAM CIRCLE are by the original cheaper builder. 105 MIDDLEWICH DRIVE is a resale but is overpriced. 225 HEALEY DRIVE might be a candidate. It is a well priced resale. I don't think it backs up to open space. Pleas click on the address for the location map. 114 KENTON LANE is a new construction but seems a little pricy at $107 per square foot. There are some upgrades and it backs up to woods. (The address map is incorrect on this one)
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115548216
Homes for sale in Huntsville: Homes for sale in Huntsville; You might find it hard to use Huntsville's public acess MLS, especially if you dont know where to get started. Just let us know what you are looking for at Automated Property Searches and we can help.
Wednesday, April 4, 2012
homes for sale in huntsville
A 30 minute commute will keep us off of big water like Wheeler or Guntersville lakes but by searching just on water property in the $180,000 - $260,000 range (looking to negotiate lower.) I did find a few homes at the link below.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115559325
The white apple pond is pretty small.
The Summer Cove pond is decent size and I have seen fish in it.
Homes for sale in Huntsville
There is just a creek at Shoal Ford but the house has a detached garage and workshop.
Sarah Jane does back up to a decent neighborhood pond. I don't know if there are fish in this one though.
Homes for sale in Huntsville
The link below is to the Google satellite image on Valley Cove. There is a small neighborhood lake but the house is close to a busy highway.
http://maps.google.com/maps?q=5023+VALLEY+COVE+DRIVE,+OWENS+CROSS+ROADS,+AL+35763&hl=en&ll=34.649644,-86.480395&spn=0.001981,0.005273&sll=37.0625,-95.677068&sspn=31.28862,86.396484&hnear=5023+Valley+Cove+Dr+SE,+Owens+Cross+Roads,+Alabama+35763&t=h&z=18
I couldn't find any listings in that price range within a 30 minute commute with 5 acres or more. The lowest priced ones I could find were $300,000 and up,
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115559375
I have a listing that sits on 3 acres but is surrounded on the back by several hundred acres of woodland. I think I have this one sold already and will know for sure in the next few days.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115559379
Searching on workshop as a key word I found three listings below.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115559371
100 MINIVER PLACE mentions HUGE 3 CAR GARAGE W/ ROOM FOR WORKSHOP. 343 WEATHERFORD DRIVE has a one car detached garage used as a workshop. 132 WINDSTONE N has a detached heated workshop.
My first thought washomes for sale in Huntsville near Hampton Cove. The commute to the High School might be greater than 20 - 25 minutes however. The link below is to Google's 25 min. estimate of the normal commute time from the school to central Hampton Cove. During peak traffic the commute will be closer to 30 to 40 minutes.
http://maps.google.com/maps?saddr=7301+Old+Madison+Pike,+Huntsville,+AL+35806&daddr=34.65873,-86.48315+to:US-431+N&hl=en&sll=34.669076,-86.537933&sspn=0.126782,0.337486&geocode=FbClEQIdmx7V-ikpI3QR3G5iiDFCvg_XanafUg%3BFarZEAIdMl_Y-ikl1t6OlBFiiDE_FgOquxXonw%3BFcDcEAIdVl7Y-g&t=h&mra=dvme&mrsp=1&sz=12&via=1&z=12
Please let me know when you are ready to actively look for homes. There are areas of east Huntsville, Montesano, Hampton Cove and McMullen Cove that we can search. There are a limited number of homes on Rainbow Mountain in Madison that have views and we might consider parts of northeast Madison County as well.
See all available homes for sale in Huntsville and request automated real real estate search. Serving Huntsville Alabama since 1957.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115559325
The white apple pond is pretty small.
The Summer Cove pond is decent size and I have seen fish in it.
Homes for sale in Huntsville
There is just a creek at Shoal Ford but the house has a detached garage and workshop.
Sarah Jane does back up to a decent neighborhood pond. I don't know if there are fish in this one though.
Homes for sale in Huntsville
The link below is to the Google satellite image on Valley Cove. There is a small neighborhood lake but the house is close to a busy highway.
http://maps.google.com/maps?q=5023+VALLEY+COVE+DRIVE,+OWENS+CROSS+ROADS,+AL+35763&hl=en&ll=34.649644,-86.480395&spn=0.001981,0.005273&sll=37.0625,-95.677068&sspn=31.28862,86.396484&hnear=5023+Valley+Cove+Dr+SE,+Owens+Cross+Roads,+Alabama+35763&t=h&z=18
I couldn't find any listings in that price range within a 30 minute commute with 5 acres or more. The lowest priced ones I could find were $300,000 and up,
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115559375
I have a listing that sits on 3 acres but is surrounded on the back by several hundred acres of woodland. I think I have this one sold already and will know for sure in the next few days.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115559379
Searching on workshop as a key word I found three listings below.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115559371
100 MINIVER PLACE mentions HUGE 3 CAR GARAGE W/ ROOM FOR WORKSHOP. 343 WEATHERFORD DRIVE has a one car detached garage used as a workshop. 132 WINDSTONE N has a detached heated workshop.
My first thought washomes for sale in Huntsville near Hampton Cove. The commute to the High School might be greater than 20 - 25 minutes however. The link below is to Google's 25 min. estimate of the normal commute time from the school to central Hampton Cove. During peak traffic the commute will be closer to 30 to 40 minutes.
http://maps.google.com/maps?saddr=7301+Old+Madison+Pike,+Huntsville,+AL+35806&daddr=34.65873,-86.48315+to:US-431+N&hl=en&sll=34.669076,-86.537933&sspn=0.126782,0.337486&geocode=FbClEQIdmx7V-ikpI3QR3G5iiDFCvg_XanafUg%3BFarZEAIdMl_Y-ikl1t6OlBFiiDE_FgOquxXonw%3BFcDcEAIdVl7Y-g&t=h&mra=dvme&mrsp=1&sz=12&via=1&z=12
Please let me know when you are ready to actively look for homes. There are areas of east Huntsville, Montesano, Hampton Cove and McMullen Cove that we can search. There are a limited number of homes on Rainbow Mountain in Madison that have views and we might consider parts of northeast Madison County as well.
See all available homes for sale in Huntsville and request automated real real estate search. Serving Huntsville Alabama since 1957.
Saturday, March 31, 2012
Homes for sale in Huntsville
127 GENESIS DRIVE has been on the market since 06/23/11 and has had five price reductions to the present $209,900 / $90 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586461
The link below is to the listing where the current owner bought the house new in 2007 for $206,000 / $89 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586463
Sellers break even point on a sale will be in the $223,000 range so at the list price he is taking a $17,0000 loss on the house.
The link below is to a summary of MLS activity in the Genesis neighborhood since 03/01/11. There are five active listings including one new construction home. There is one pending sale that was listed at $88 per square foot and one sale at $92 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586464
At the current $89 per square foot the house does seem to be priced within the market but since the house is empty seller may have the ability to negotiate lower.
The house is less than a mile from the very good elementary and middle schools and about 4 miles from the high school.
http://www.schooldigger.com/go/AL/schools/0222001513/school.aspx
http://www.schooldigger.com/go/AL/schools/0222002082/school.aspx
http://www.schooldigger.com/go/AL/schools/0222001683/school.aspx
The house is not in a flood zone.
The link below is to Google's satellite image. It looks like half of the back yard backs up to a field.
http://maps.google.com/maps?q=127+GENESIS+DRIVE,+HUNTSVILLE,+AL+35811&hl=en&ll=34.788482,-86.501351&spn=0.000699,0.001318&sll=37.0625,-95.677068&sspn=31.28862,86.396484&t=h&hnear=127+Genesis+Dr,+Huntsville,+Alabama+35811&z=20
My overall impression of theism house is good. The area, schools and neighborhood are good. The house seems priced within the market and I look for the area to continue to grow. There is basis shopping nearby with more planned.
202 CLOUD LEAP TRAIL is a bank owned house that has been on the market since 03/26/12 at $176,900 / $65 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586469
The house last sold in 2004 at $231,500.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586470
The link below is to a summary of homes for sale in Huntsville MLS activity in the neighborhood since 03/01/11. There were two sales, one at $87 per square foot and one at $85 per square foot. There is a pending sale that was listed at $90 per square foot and a contingent sale that was listed at $86 per square foot. If the house is in decent condition, it's a great buy at the list price.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586473
The house is not in a flood zone.
The link below is to the satellite image. The house does back up to Douglas Road. A very busy road. There will probably be traffic noise outside the house.
http://maps.google.com/maps?q=202+CLOUD+LEAP+TRAIL,+HUNTSVILLE,+AL+35806&hl=en&ll=34.801274,-86.682386&spn=0.001399,0.002637&sll=37.0625,-95.677068&sspn=31.28862,86.396484&t=h&hnear=202+Cloud+Leap+Trail,+Huntsville,+Madison,+Alabama+35806&z=19
School information.
http://www.schooldigger.com/go/AL/schools/0222000842/school.aspx
http://www.schooldigger.com/go/AL/schools/0222000560/school.aspx
http://www.schooldigger.com/go/AL/schools/0222000848/school.aspx
At 21 to 25 years old 101 OCTAVIA DRIVE is much older than the other homes. It has been on the market since 01/12/12 at $161,900 / $78 per square foot. with no price reductions.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586476
The link below is to where the current owner bought the house in in 1996 for $161,900.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586474
There haven't been any sales in the neighborhood since 03/01/11.
The house is not in a flood zone.
The link below is to the satellite image.
http://maps.google.com/maps?q=101+OCTAVIA+DRIVE,+MERIDIANVILLE,+AL+35759&hl=en&ll=34.835664,-86.568249&spn=0.000349,0.000659&sll=37.0625,-95.677068&sspn=31.28862,86.396484&t=h&hnear=101+Octavia+Dr,+Meridianville,+Alabama+35759&z=21
School information.
http://www.schooldigger.com/go/AL/schools/0222001731/school.aspx
http://www.schooldigger.com/go/AL/schools/0222001411/school.aspx
http://www.schooldigger.com/go/AL/schools/0222000836/school.aspx
The only entrance to the neighborhood is onto Memorial Parkway / 431 and it can be hard and a little dangerous getting out of the neighborhood, especially in peak traffic. There is also a lot of traffic and traffic lights going into and out of Huntsville on the Parkway. There is one overpass under construction that will help with traffic some.
13005 CHIMNEY SPRINGS CIRCLE is showing as an expired listing but the owner may still be wiling to sell. It was on market at $221,000 / $95 per square foot from 07/28/10 to 07/29/11 when the listing expired.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586484
The link below is to a summary of MLS activity in the neighborhood since 03/01/11. The average sold price was just $63 per square foot with a highest sale at $87 per square foot. At $95 per square foot the subject house is nowhere near market value. No wonder it was on the market for a year without selling.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586490
I was surprised at the very low sales numbers. It looks tike the neighborhood may be on the decline.
The house is not in a flood zone but I am concerned over waht looks like a steep lot. Steep lots give you less useable yard, are hard to mow and sometimes cause foundation problems. We also have to be very careful in this are of elevated radon levels.
My recommendation is to pass on this house.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586461
The link below is to the listing where the current owner bought the house new in 2007 for $206,000 / $89 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586463
Sellers break even point on a sale will be in the $223,000 range so at the list price he is taking a $17,0000 loss on the house.
The link below is to a summary of MLS activity in the Genesis neighborhood since 03/01/11. There are five active listings including one new construction home. There is one pending sale that was listed at $88 per square foot and one sale at $92 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586464
At the current $89 per square foot the house does seem to be priced within the market but since the house is empty seller may have the ability to negotiate lower.
The house is less than a mile from the very good elementary and middle schools and about 4 miles from the high school.
http://www.schooldigger.com/go/AL/schools/0222001513/school.aspx
http://www.schooldigger.com/go/AL/schools/0222002082/school.aspx
http://www.schooldigger.com/go/AL/schools/0222001683/school.aspx
The house is not in a flood zone.
The link below is to Google's satellite image. It looks like half of the back yard backs up to a field.
http://maps.google.com/maps?q=127+GENESIS+DRIVE,+HUNTSVILLE,+AL+35811&hl=en&ll=34.788482,-86.501351&spn=0.000699,0.001318&sll=37.0625,-95.677068&sspn=31.28862,86.396484&t=h&hnear=127+Genesis+Dr,+Huntsville,+Alabama+35811&z=20
My overall impression of theism house is good. The area, schools and neighborhood are good. The house seems priced within the market and I look for the area to continue to grow. There is basis shopping nearby with more planned.
202 CLOUD LEAP TRAIL is a bank owned house that has been on the market since 03/26/12 at $176,900 / $65 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586469
The house last sold in 2004 at $231,500.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586470
The link below is to a summary of homes for sale in Huntsville MLS activity in the neighborhood since 03/01/11. There were two sales, one at $87 per square foot and one at $85 per square foot. There is a pending sale that was listed at $90 per square foot and a contingent sale that was listed at $86 per square foot. If the house is in decent condition, it's a great buy at the list price.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586473
The house is not in a flood zone.
The link below is to the satellite image. The house does back up to Douglas Road. A very busy road. There will probably be traffic noise outside the house.
http://maps.google.com/maps?q=202+CLOUD+LEAP+TRAIL,+HUNTSVILLE,+AL+35806&hl=en&ll=34.801274,-86.682386&spn=0.001399,0.002637&sll=37.0625,-95.677068&sspn=31.28862,86.396484&t=h&hnear=202+Cloud+Leap+Trail,+Huntsville,+Madison,+Alabama+35806&z=19
School information.
http://www.schooldigger.com/go/AL/schools/0222000842/school.aspx
http://www.schooldigger.com/go/AL/schools/0222000560/school.aspx
http://www.schooldigger.com/go/AL/schools/0222000848/school.aspx
At 21 to 25 years old 101 OCTAVIA DRIVE is much older than the other homes. It has been on the market since 01/12/12 at $161,900 / $78 per square foot. with no price reductions.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586476
The link below is to where the current owner bought the house in in 1996 for $161,900.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586474
There haven't been any sales in the neighborhood since 03/01/11.
The house is not in a flood zone.
The link below is to the satellite image.
http://maps.google.com/maps?q=101+OCTAVIA+DRIVE,+MERIDIANVILLE,+AL+35759&hl=en&ll=34.835664,-86.568249&spn=0.000349,0.000659&sll=37.0625,-95.677068&sspn=31.28862,86.396484&t=h&hnear=101+Octavia+Dr,+Meridianville,+Alabama+35759&z=21
School information.
http://www.schooldigger.com/go/AL/schools/0222001731/school.aspx
http://www.schooldigger.com/go/AL/schools/0222001411/school.aspx
http://www.schooldigger.com/go/AL/schools/0222000836/school.aspx
The only entrance to the neighborhood is onto Memorial Parkway / 431 and it can be hard and a little dangerous getting out of the neighborhood, especially in peak traffic. There is also a lot of traffic and traffic lights going into and out of Huntsville on the Parkway. There is one overpass under construction that will help with traffic some.
13005 CHIMNEY SPRINGS CIRCLE is showing as an expired listing but the owner may still be wiling to sell. It was on market at $221,000 / $95 per square foot from 07/28/10 to 07/29/11 when the listing expired.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586484
The link below is to a summary of MLS activity in the neighborhood since 03/01/11. The average sold price was just $63 per square foot with a highest sale at $87 per square foot. At $95 per square foot the subject house is nowhere near market value. No wonder it was on the market for a year without selling.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115586490
I was surprised at the very low sales numbers. It looks tike the neighborhood may be on the decline.
The house is not in a flood zone but I am concerned over waht looks like a steep lot. Steep lots give you less useable yard, are hard to mow and sometimes cause foundation problems. We also have to be very careful in this are of elevated radon levels.
My recommendation is to pass on this house.
Thursday, March 22, 2012
homes for sale in huntsville
To help you get your bearings and an idea of the terrain please see the map below. The green arrow is the approximate location of the homes for sale in Huntsville we discussed. The blue arrow points to the closest elevated area Rainbow "Mountain". Almost all of our hilly terrain is to the east of our downtown and medical districts.
Huntsville homes for sale
My first thought was Hampton Cove. The commute to the High School might be greater than 20 - 25 minutes however. The link below is to Google's 25 min. estimate of the normal commute time from the school to central Hampton Cove. During peak traffic the commute will be closer to 30 to 40 minutes.
http://maps.google.com/maps?saddr=7301+Old+Madison+Pike,+Huntsville,+AL+35806&daddr=34.65873,-86.48315+to:US-431+N&hl=en&sll=34.669076,-86.537933&sspn=0.126782,0.337486&geocode=FbClEQIdmx7V-ikpI3QR3G5iiDFCvg_XanafUg%3BFarZEAIdMl_Y-ikl1t6OlBFiiDE_FgOquxXonw%3BFcDcEAIdVl7Y-g&t=h&mra=dvme&mrsp=1&sz=12&via=1&z=12
Please There are areas of east Huntsville, Montesano, Hampton Cove and McMullen Cove that we can search. There are a limited number of homes on Rainbow Mountain in Madison that have views and we might consider parts of northeast Madison County as well.
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.
Huntsville homes for sale
My first thought was Hampton Cove. The commute to the High School might be greater than 20 - 25 minutes however. The link below is to Google's 25 min. estimate of the normal commute time from the school to central Hampton Cove. During peak traffic the commute will be closer to 30 to 40 minutes.
http://maps.google.com/maps?saddr=7301+Old+Madison+Pike,+Huntsville,+AL+35806&daddr=34.65873,-86.48315+to:US-431+N&hl=en&sll=34.669076,-86.537933&sspn=0.126782,0.337486&geocode=FbClEQIdmx7V-ikpI3QR3G5iiDFCvg_XanafUg%3BFarZEAIdMl_Y-ikl1t6OlBFiiDE_FgOquxXonw%3BFcDcEAIdVl7Y-g&t=h&mra=dvme&mrsp=1&sz=12&via=1&z=12
Please There are areas of east Huntsville, Montesano, Hampton Cove and McMullen Cove that we can search. There are a limited number of homes on Rainbow Mountain in Madison that have views and we might consider parts of northeast Madison County as well.
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.
Thursday, March 1, 2012
Homes for sale in huntsville
Research of candidate Investment property; Homes for sale in Huntsville
102 DUNHILL DR went under contract 02/09/12. At first look it does seem to be well priced. You can follow the listing history in the table below. It was originally listed at $170,000.
On closer look the house probably was just a fair buy comparing it to other homes for sale in Huntsville. The link below is to a summary of MLS activity in the neighborhood since 01/01/11. There have been no sales but the two active listings that haven't sold aren't priced much higher.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115364184
The location is OK but I would much rather stay in Madison City schools.
214 MERGANSER is allow under contract. It went to contingent status on 02/08/12.
I've shown 112 MILL CREEK CROSSING. It is in a decent neighborhood and appears to be well maintained, It has had several price reductions but has been on market since 06/25/10. It was a contender with my clients for a while but the high porch and steps concerned them. I cant recall the details but there was something odd about the floor plan or the house.
115 TURNBROOK shows sold at $99,000 on 12/31/02 in the MLS. Where did you find this one?
118 BELL TOWER is bank owned and tenant occupied. It's listed at $59 per square foot and has been on market since just 02/01/12. Investor offers wont be considered on this unit until 15 days after being listed. It sold in 2008 for $194,385. Please note that the homeowner's association fee is $100 per month and it is served by Huntsville City Schools.
There have been just three sales in the development since 01/01/11. They sold at an average $89 per square foot. The subject is listed at $59 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115364191
While the unit is aggressively priced, the Homeowner's Association fee of $100 per month and the less desirable schools are cause for concern. Also we have had problems with rentals in townhomes from the HOA and neighbors who look unfavorably on rental homes in "their" neighborhood.
I sold 102 COTTON BEND a few years ago and recently showed it. It's a cute house but being a corner lot at the entrance to the subdivision it has very little yard space and privacy. The bedrooms are tiny.
FOYER
VY
MASTER BR
15x12
1
CF, CP, IS, VC, WC
Bedrms:
3
LIVING
18x14
1
CP, FP, VC, WC
BEDROOM2
10x11
1
CF, CP
Rooms:
8
DINING
11x11
1
CP, WC
BEDROOM3
10x11
1
CP
TotBaths:
2
KITCHEN
10x12
1
VY, WC
FullBaths:
2
I showed 209 BRUSH CREEK a few weeks ago. It is in decent shape but has an OLD HVAC unit that will need to be replaced soon. There is a LOT of cosmetic work. The house is in the Huntsville City school system.
2023 STANFORD DR is a cute house in the medical district just off of Governors Drive. It's about three houses off of governors so there will be traffic noise. The schools that serve the area are however good. It went on market 05/28/11 and has had several price reductions. The link below is to a summary of MLS activity in the neighborhood since 02/01/11. The subject is listed at $80 per square foot. The average sold price was $109 per square foot with a range of $94 to $121 per square foot. Note that the sales were in a section of the development a little further to the north that commands higher prices.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115364200
I like 114 GAYLOR. At $62 per square foot the short sale listing is well priced. It looks like there is open space behind the house. This is desirable and hard to find.
The two recent sales in the neighborhood were at $89 and $93 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115364208
128 VICTORIA HILLS is in a great location with some privacy. My concerns on this one would be the house is frame and not listed as vinyl. If it has wood or masonite siding it will require maintenance. My other concern is that the rooms are all very small.
Room
Dim.
Lvl
Desc
Room
Dim.
Lvl
Desc
__# of__
MASTER BR
13x12
1
WF
Bedrms:
4
LIVING
14x12
1
WF
BEDROOM2
11x11
2
CF, CP
Rooms:
8
BEDROOM3
11x10
2
CF, CP
TotBaths:
3
KITCHEN
11x10
1
WF
BEDROOM4
11x11
2
CF, CP
FullBaths:
2
3/4Baths:
0
OTHER
11x10
102 DUNHILL DR went under contract 02/09/12. At first look it does seem to be well priced. You can follow the listing history in the table below. It was originally listed at $170,000.
On closer look the house probably was just a fair buy comparing it to other homes for sale in Huntsville. The link below is to a summary of MLS activity in the neighborhood since 01/01/11. There have been no sales but the two active listings that haven't sold aren't priced much higher.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115364184
The location is OK but I would much rather stay in Madison City schools.
214 MERGANSER is allow under contract. It went to contingent status on 02/08/12.
I've shown 112 MILL CREEK CROSSING. It is in a decent neighborhood and appears to be well maintained, It has had several price reductions but has been on market since 06/25/10. It was a contender with my clients for a while but the high porch and steps concerned them. I cant recall the details but there was something odd about the floor plan or the house.
115 TURNBROOK shows sold at $99,000 on 12/31/02 in the MLS. Where did you find this one?
118 BELL TOWER is bank owned and tenant occupied. It's listed at $59 per square foot and has been on market since just 02/01/12. Investor offers wont be considered on this unit until 15 days after being listed. It sold in 2008 for $194,385. Please note that the homeowner's association fee is $100 per month and it is served by Huntsville City Schools.
There have been just three sales in the development since 01/01/11. They sold at an average $89 per square foot. The subject is listed at $59 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115364191
While the unit is aggressively priced, the Homeowner's Association fee of $100 per month and the less desirable schools are cause for concern. Also we have had problems with rentals in townhomes from the HOA and neighbors who look unfavorably on rental homes in "their" neighborhood.
I sold 102 COTTON BEND a few years ago and recently showed it. It's a cute house but being a corner lot at the entrance to the subdivision it has very little yard space and privacy. The bedrooms are tiny.
FOYER
VY
MASTER BR
15x12
1
CF, CP, IS, VC, WC
Bedrms:
3
LIVING
18x14
1
CP, FP, VC, WC
BEDROOM2
10x11
1
CF, CP
Rooms:
8
DINING
11x11
1
CP, WC
BEDROOM3
10x11
1
CP
TotBaths:
2
KITCHEN
10x12
1
VY, WC
FullBaths:
2
I showed 209 BRUSH CREEK a few weeks ago. It is in decent shape but has an OLD HVAC unit that will need to be replaced soon. There is a LOT of cosmetic work. The house is in the Huntsville City school system.
2023 STANFORD DR is a cute house in the medical district just off of Governors Drive. It's about three houses off of governors so there will be traffic noise. The schools that serve the area are however good. It went on market 05/28/11 and has had several price reductions. The link below is to a summary of MLS activity in the neighborhood since 02/01/11. The subject is listed at $80 per square foot. The average sold price was $109 per square foot with a range of $94 to $121 per square foot. Note that the sales were in a section of the development a little further to the north that commands higher prices.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115364200
I like 114 GAYLOR. At $62 per square foot the short sale listing is well priced. It looks like there is open space behind the house. This is desirable and hard to find.
The two recent sales in the neighborhood were at $89 and $93 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115364208
128 VICTORIA HILLS is in a great location with some privacy. My concerns on this one would be the house is frame and not listed as vinyl. If it has wood or masonite siding it will require maintenance. My other concern is that the rooms are all very small.
Room
Dim.
Lvl
Desc
Room
Dim.
Lvl
Desc
__# of__
MASTER BR
13x12
1
WF
Bedrms:
4
LIVING
14x12
1
WF
BEDROOM2
11x11
2
CF, CP
Rooms:
8
BEDROOM3
11x10
2
CF, CP
TotBaths:
3
KITCHEN
11x10
1
WF
BEDROOM4
11x11
2
CF, CP
FullBaths:
2
3/4Baths:
0
OTHER
11x10
Wednesday, February 22, 2012
Philip Winburn will lead the realtors and property managers in a meeting.
Philip Winburn will lead the realtors and property managers in a meeting.
February 22nd, 2012 2:58 PM
JUST ANNOUNCED
Philip Winburn will lead the realtors and property managers in a meeting at the same time and place as Camille and Michelle. That meeting will take place at the Cahaba Shriner's Temple at 6:00PM on Thursday, February 23, 2012 (yes, that is tomorrow). The address is 6001 Pulaski Pike (where Winchester Road dead ends into Pulaski Pike).
A REMINDER
Wednesday, February 22, 2012 @ 12:00PM Suzanne Hicks will lead the meeting of the multi-family housing industry. That meeting will take place at Arbor Park Apartments. That address is 4401 Spartacus Drive. You can call my office (256) 562 - 1999 for directions or reach Suzanne directly at (256) 852 - 0131. Thursday, February 23, 2012 @ 6:00PM Camille Mueller and Michelle Cummings will lead the meeting for investors and owners. That meeting will take place at the Cahaba Shriner's Temple. That address is 6001 Pulaski Pike (where Winchester Road dead ends into Pulaski Pike). You can call my office at (256) 562 - 1999 for directions or reach Michelle at (256) 715 - 0625.
This is a reminder of the meetings that will occur this week. Michelle Cummings and Camille Mueller attended the HCNA meeting last night and will be available to give an update on what happened.
I hope that everyone will be able to attend these meetings. It will be a meaningful opportunity to discuss new developments as well as strategy - especially now that the mayor's race has gotten more interesting!
Huntsville AL Flowering Trees
Downtown Huntsville AL
Preliminaries (should we organize?):
Should this organization be perpetual?
What do we see as goals for this organization?
What would we like to call this organization?
What assets and benefits does our particular group have that the other groups could use (i.e., for Suzanne, this would be the resources of the ANAA, for Philip, this would be the resources of the HAAR)?
Response to Ordinance (if we organize, what do we want to do?):
An internal self-monitoring system to Homes for sale in Huntsville appease the HCNA that works in conjunction with the HCNA?
A letter of introduction to the City Council and mayor asking to be kept in the loop?
A letter writing campaign that specifically addresses the HCNA resolution?
The most important question, however, is "how do we stay unified (if we organize, and have a set agenda, how do we make sure everyone works for the common goal?)" If people aren’t going to be able to stick to the “talking points” and/or whatever the decision is re: party line, then we are all sort of wasting our time. I know a lot of people have "gone rogue" and we have some VERY strong personalities in the room, so perhaps if we ask the group how to stay unified, they would have some suggestions.
Dallas Mill water tower Huntsville AL
The proposed ordinance requires an annual inspection of all rental property at a cost of $20 per apartment and $50 per house. The cost of the inspection will be the responsibility of the owner.
In our experience city inspectors are not well trained or experienced. They tend require homeowners to repair anything they can find. These inspections can result in thousands in unneeded repairs by the homeowner. Older homes could be required to be upgraded to current building codes. In addition to the costs of inspections and repairs a homeowner mayhave to wait weeks for inspections and certificates of occupancy. During this time, owners are potential loss of rental income.
The Alabama Tenant Landlord law prevents entry to an occupied rental dwelling without the approval of the tenant or a posted two day notice except in the case of emergency. The logistics of coordinating the proposed annual inspections with the city inspector, tenants and homeowners is mind boggling. It would be an enormous drain on the resources of property managers requiring additional staff and expenses. Property managers would have no option except to pass those costs to the homeowner.
Dallas Mill water tower Huntsville AL
Under the proposed ordinance the city will level fines on homeowners for failure to comply with the ordinance. The fines are $300 for the first offense, $400 for the second offense and $500 for the third offense.
Under the proposed ordinance Homeowners will be required to get a certificate of occupancy before their property can be occupied.
Under the proposed ordinance the homeowner will be responsible for the actions of their tenants under the Nuisance Abatement Law.
Under the proposed ordinance Homeowners will be required to have a criminal background check done on each tenant. The cost of the investigation will be the responsibility of the homeowner. The proposal is not specific on what is required in the background check. The check could require local, state and national database research. The proposal does not specify what action or inaction the homeowner must take with data from a background check or if fines would be imposed for renting a property with any sort of criminal action or misdemeanor on their record. The ordinance does not state if the homeowner could be fined for renting to a tenants with a minor traffic offense.
If this ill-conceived proposal ordinance were to be approved by the City Council, it would be a horrible blow to homeowners and property managers. I foresee a spike in foreclosures resulting in neighborhood blight and lower property values city wide.
Tuesday, February 21, 2012
homes for sale in huntsville
Update on Huntsville's UAH hockey program
February 21st, 2012 9:03 AM
Huntsville Alabama evening skyline
Source; Alumni and Friends of Charger Hockey
As the hockey season comes to an end for the UAH Chargers this month, a new beginning, a NEW ERA of Charger Hockey will be born! Publicly things have been quiet, but behind the scenes a lot of work has gone into a major fundraising campaign, tickets and packages to be sold to local companies and much more. Under the leadership of new UAHuntsville President Dr. Robert Altenkirch, UAH Hockey has not only been saved, it is being reconstructed and set up to be successful for the long-term.
Here are a few updates that the group consisting of Ralph Drensek, Bob Ludwig, Joey Ceci, Doug Martinson and Nathan Bowen would like to share with you since the University made the commitment to keep UAH Hockey at the NCAA DI level:
1. The University is committing a minimum of $650,000 to support the program. This is outstanding. It is comparable to institutions in a conference being considered, and it exceeds the average institutional support among DI hockey programs. We need to do our part to contribute substantially to filling out the financial support for hockey to sustain it at least the median D I hockey budget of $1,5000,000 .
2. Dr. Altenkirch is putting University resources to work to support this initiative, with several high ranking University folks involved in the campaign.
3. Dr. Altenkirch is personally making calls and meeting with individuals and companies in search for the necessary financial support.
4. A committee is being organized with UAHuntsville representatives and members of the Alumni and Friends group in an effort to work together to raise funds and awareness on how the program will move forward.
5. As most of you know, a "Hockey Specific" online giving portal has been set up for you to execute your pledge. Please visit http://www.uah.edu/2012hockeycampaign/
6. An account has been set up with full transparency of funds, with all going directly to support the hockey program.
As we all know a key component and variable to long term program success is gaining entrance into a conference. There are some key milestones coming up. Potential conferences are watching us closely to see if we have the financial support from alumni, friends, the community and businesses. We need you to go online before March 1st and fulfill your commitment and pledge. Payment options are available and if you did not pledge, please visit and do what you can. For those who have pledged and fulfilled your commitment, we sincerely thank you.
The University's firm financial commitment is a great first step to establish a budget that supports a competitive Division 1 hockey program. UAH's $650,000 annual commitment represents 43% of the median budget for D I hockey programs as noted above, and we need your help, along with ticket sales and corporate support, to raise the additional funds that will make us attractive to a conference and allow us to compete at a high level. Our group is working closely with Dr. Altenkirch, Dr. Brophy, and other University officials to make this dream a reality. Our collaborative efforts have been successful thus far, but we need your help to generate the additional funds to achieve our goal. The University has stepped up and made the necessary commitments and more to keep NCAA DI hockey alive, now it is time for all of us to step up and do our part, live up to the financial commitments that we made and support the program moving forward. This is critical and the time is now to give us the best chance to advance the program into a conference.
February 21st, 2012 9:03 AM
Huntsville Alabama evening skyline
Source; Alumni and Friends of Charger Hockey
As the hockey season comes to an end for the UAH Chargers this month, a new beginning, a NEW ERA of Charger Hockey will be born! Publicly things have been quiet, but behind the scenes a lot of work has gone into a major fundraising campaign, tickets and packages to be sold to local companies and much more. Under the leadership of new UAHuntsville President Dr. Robert Altenkirch, UAH Hockey has not only been saved, it is being reconstructed and set up to be successful for the long-term.
Here are a few updates that the group consisting of Ralph Drensek, Bob Ludwig, Joey Ceci, Doug Martinson and Nathan Bowen would like to share with you since the University made the commitment to keep UAH Hockey at the NCAA DI level:
1. The University is committing a minimum of $650,000 to support the program. This is outstanding. It is comparable to institutions in a conference being considered, and it exceeds the average institutional support among DI hockey programs. We need to do our part to contribute substantially to filling out the financial support for hockey to sustain it at least the median D I hockey budget of $1,5000,000 .
2. Dr. Altenkirch is putting University resources to work to support this initiative, with several high ranking University folks involved in the campaign.
3. Dr. Altenkirch is personally making calls and meeting with individuals and companies in search for the necessary financial support.
4. A committee is being organized with UAHuntsville representatives and members of the Alumni and Friends group in an effort to work together to raise funds and awareness on how the program will move forward.
5. As most of you know, a "Hockey Specific" online giving portal has been set up for you to execute your pledge. Please visit http://www.uah.edu/2012hockeycampaign/
6. An account has been set up with full transparency of funds, with all going directly to support the hockey program.
As we all know a key component and variable to long term program success is gaining entrance into a conference. There are some key milestones coming up. Potential conferences are watching us closely to see if we have the financial support from alumni, friends, the community and businesses. We need you to go online before March 1st and fulfill your commitment and pledge. Payment options are available and if you did not pledge, please visit and do what you can. For those who have pledged and fulfilled your commitment, we sincerely thank you.
The University's firm financial commitment is a great first step to establish a budget that supports a competitive Division 1 hockey program. UAH's $650,000 annual commitment represents 43% of the median budget for D I hockey programs as noted above, and we need your help, along with ticket sales and corporate support, to raise the additional funds that will make us attractive to a conference and allow us to compete at a high level. Our group is working closely with Dr. Altenkirch, Dr. Brophy, and other University officials to make this dream a reality. Our collaborative efforts have been successful thus far, but we need your help to generate the additional funds to achieve our goal. The University has stepped up and made the necessary commitments and more to keep NCAA DI hockey alive, now it is time for all of us to step up and do our part, live up to the financial commitments that we made and support the program moving forward. This is critical and the time is now to give us the best chance to advance the program into a conference.
Monday, February 20, 2012
Homes for sale in huntsville
How is the real estate investment market in Huntsville?
There's not a short answer to "How is the real estate investment market in Huntsville?"
The rental market has been remarkable for the past three years. There are still jobs moving into the area and often the emigrants are not in a position to purchase homes. With the slow economy many have had credit issues and others are underwater on the homes they are leaving. During the peak summer season our rentals are often rented before the current tenant moves and it's not uncommon for the homes to be rented sight-unseen.
Huntsville's population is fairly mobile with many people moving for job opportunities. Those that aren't unable to sell their homes often turn to us to rent them until they are able to sell. We pick up two to three new rental homes per month this way.
Huntsville real estate sales is much more complicated. Some areas and price ranges are doing quite well while others are still very slow. Complicating the equation is a local production builder that is building attractive homes in desirable areas for a remarkably low price. While many builders failed during the crash, Breland Homes had the resources to acquire the developments of several builders and is thriving. While I have sold several of their homes and my clients are happy, it is very difficult for existing homes to compete for buyers in the $95,000 to $250,000 range.
With interest rates low and sales of existing homes for sale in huntsville slow, now is a good time to consider a purchase. I do think that overall Huntsville's real estate market is coming off the bottom.
There is talk of another Base Realignment and Closings federal hearing in 2013 and Huntsville's Redstone Arsenal is expected to have a substantial net increase in defense positions. While the Obama administration de-funded NASA's Constellation heavy lift space vehicle program resulting in a loss of about 2,500 aerospace positions, Marshall Space Flight Center's budget for 2013 has been describes as adequate. There is talk of another space vehicle program but to my knowledge nothing firm yet.
If you have followed my ramblings on Huntsville's multi-family housing market you will understand that finding decent multi-family property in Huntsville is near impossible and we wouldn't consider managing most of what is available.
Our preference is single family homes in the $120,000 to $280,000 range that will rent in the $1,100 to $1,600 range. We should start our property search on location and schools then filter further on age. Newer homes will be more appealing and have lower maintenance costs. I prefer full brick for lower maintenance and ranch style verses two story to appeal to a wider group of tenants and on resale, to buyers.
Once we start to focus on specific neighborhoods and properties I can research the neighborhood sales, the properties listing history, the sellers mortgages, check for flood zones and consider traffic and traffic noise. We can estimated rental amounts based on research and our experience.
We would make offers contingent on a home inspection and radon testing. We would ask to be able to market a property for rent upon acceptance of an offer and before closing. We have been able to have a tenant ready to move in immediately after closing.
There's not a short answer to "How is the real estate investment market in Huntsville?"
The rental market has been remarkable for the past three years. There are still jobs moving into the area and often the emigrants are not in a position to purchase homes. With the slow economy many have had credit issues and others are underwater on the homes they are leaving. During the peak summer season our rentals are often rented before the current tenant moves and it's not uncommon for the homes to be rented sight-unseen.
Huntsville's population is fairly mobile with many people moving for job opportunities. Those that aren't unable to sell their homes often turn to us to rent them until they are able to sell. We pick up two to three new rental homes per month this way.
Huntsville real estate sales is much more complicated. Some areas and price ranges are doing quite well while others are still very slow. Complicating the equation is a local production builder that is building attractive homes in desirable areas for a remarkably low price. While many builders failed during the crash, Breland Homes had the resources to acquire the developments of several builders and is thriving. While I have sold several of their homes and my clients are happy, it is very difficult for existing homes to compete for buyers in the $95,000 to $250,000 range.
With interest rates low and sales of existing homes for sale in huntsville slow, now is a good time to consider a purchase. I do think that overall Huntsville's real estate market is coming off the bottom.
There is talk of another Base Realignment and Closings federal hearing in 2013 and Huntsville's Redstone Arsenal is expected to have a substantial net increase in defense positions. While the Obama administration de-funded NASA's Constellation heavy lift space vehicle program resulting in a loss of about 2,500 aerospace positions, Marshall Space Flight Center's budget for 2013 has been describes as adequate. There is talk of another space vehicle program but to my knowledge nothing firm yet.
If you have followed my ramblings on Huntsville's multi-family housing market you will understand that finding decent multi-family property in Huntsville is near impossible and we wouldn't consider managing most of what is available.
Our preference is single family homes in the $120,000 to $280,000 range that will rent in the $1,100 to $1,600 range. We should start our property search on location and schools then filter further on age. Newer homes will be more appealing and have lower maintenance costs. I prefer full brick for lower maintenance and ranch style verses two story to appeal to a wider group of tenants and on resale, to buyers.
Once we start to focus on specific neighborhoods and properties I can research the neighborhood sales, the properties listing history, the sellers mortgages, check for flood zones and consider traffic and traffic noise. We can estimated rental amounts based on research and our experience.
We would make offers contingent on a home inspection and radon testing. We would ask to be able to market a property for rent upon acceptance of an offer and before closing. We have been able to have a tenant ready to move in immediately after closing.
Friday, February 17, 2012
Huntsville City ordinance doesn’t have legs
February 17th, 2012 10:07 AM
Huntsville AL downtown
The ordinance to which you are referring is NOT a City Ordinance. It is a proposed resolution by the Huntsville Council of Neighborhood Associations addressing the need for an ordinance to help neighborhoods that are experiencing issues with rental properties.
The Huntsville Council of Neighborhood Associations is not sanctioned by the City of Huntsville and does NOT have authority to pass such an ordinance. The passage of an ordinance of this magnitude would require drafting of legislation, public hearings, etc.., and is not something that would happen overnight.
We have been monitoring the proposed resolution by the Huntsville Council of Neighborhood Associations and have been in discussion with them as well as with the City of Huntsville. We certainly understand the concern that property managers and real estate investors have over an ordinance of this kind, which in our opinion would be onerous and pose an economic hindrance to our industry.
We will continue to maintain a dialogue with all parties involved and make certain property managers and investors have a seat at the table. We will notify the HAAR membership if there is a need to mobilize on any proposed ordinance(s), but at this stage, there is no proposed rental ordinance in play for the City of Huntsville to even consider.
Keywords; 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 Homes for sale in Huntsville for houses on your own without having to register. Huntsville City ordinance doesn’t have legs
Wednesday, February 15, 2012
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
Keywords; Huntsville AL MLS search, Valley MLS, Newcomer information Huntsville AL real estate homes for sale Huntsville. Moving to Huntsville. Homes for sale in Huntsville,Huntsville AL MLS homes for sale real estate. Search the Huntsville MLS and request automated real estate search.
huntsville investment homes
Huntsville Skyline
It is extremely difficult to find decent multifamily property in the MLS. What I usually find are properties that are overpriced or in marginal neighborhoods.
The link below is to the 41 available multifamily properties I could find in Madison County. With the exception of one or two that are overpriced, all are in declining neighborhoods. Except for the over priced ones, I wouldn’t consider managing any of the properties.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115325617
I keep seeing these same properties go on the market, eventually selling and then within a
Huntsville Alabama Downtown park
few months come back on the market when the purchaser realized his mistake.
Merrimack Mill Village is still a very risky neighborhood. There has been some renovation and there is the performing arts center and a few businesses. There is however a very high crime rate. At one time we tried to manage a property in the neighborhood as a favor to the owner. It was a huge nightmare. We did find one good tenant who broke her lease and moved after there was a rape down the street. The other tenants were unreliable and there was a high tenant turnover. Repairs and maintenance were constant both from the tenants and the age and construction of the property.
Huntsville Alabama Skyline
My preference is single family homes. It is more difficult to cash flow single family homes but appreciation, liquidity and ease of management is much better. I know this is contrary to your business plan but I have been approached by far to many owners who didn’t understand what they are getting into with multifamily investment property and came to us in desperation. We learned from experience that it was a poor use of our resources to try and manage low to modest income multifamily properties. We turn down two to three requests to manage multifamily properties every month.
If you were to consider single family homes my recommendation is to focus on schools first then commute time to Redstone Arsenal and Research Park and then availability of shopping.
I searched for properties that might be candidates and found one standout at the link below.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115325642
Huntsville skyline
Huntsville Alabama
Keywords ; Huntsville homes for sale Huntsville Alabama MLS search, Automated Real Estate Search, Homes for sale in Huntsville, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.
It is extremely difficult to find decent multifamily property in the MLS. What I usually find are properties that are overpriced or in marginal neighborhoods.
The link below is to the 41 available multifamily properties I could find in Madison County. With the exception of one or two that are overpriced, all are in declining neighborhoods. Except for the over priced ones, I wouldn’t consider managing any of the properties.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115325617
I keep seeing these same properties go on the market, eventually selling and then within a
Huntsville Alabama Downtown park
few months come back on the market when the purchaser realized his mistake.
Merrimack Mill Village is still a very risky neighborhood. There has been some renovation and there is the performing arts center and a few businesses. There is however a very high crime rate. At one time we tried to manage a property in the neighborhood as a favor to the owner. It was a huge nightmare. We did find one good tenant who broke her lease and moved after there was a rape down the street. The other tenants were unreliable and there was a high tenant turnover. Repairs and maintenance were constant both from the tenants and the age and construction of the property.
Huntsville Alabama Skyline
My preference is single family homes. It is more difficult to cash flow single family homes but appreciation, liquidity and ease of management is much better. I know this is contrary to your business plan but I have been approached by far to many owners who didn’t understand what they are getting into with multifamily investment property and came to us in desperation. We learned from experience that it was a poor use of our resources to try and manage low to modest income multifamily properties. We turn down two to three requests to manage multifamily properties every month.
If you were to consider single family homes my recommendation is to focus on schools first then commute time to Redstone Arsenal and Research Park and then availability of shopping.
I searched for properties that might be candidates and found one standout at the link below.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115325642
Huntsville skyline
Huntsville Alabama
Keywords ; Huntsville homes for sale Huntsville Alabama MLS search, Automated Real Estate Search, Homes for sale in Huntsville, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.
Homes for sale in huntsville
Homes for sale in Huntsville; Research on Madison Short sale home.
Huntsville downtown
106 LAKE POINTE CIRCLE has been on market this cycle since 12/01/11.
I spoke with the listing agent who indicated they have had an above full price offer in front of the lender for over 30 – days but that offer had not been accepted by the lender yet.
If we did submit a written offer the listing agent would be obligated to present it to seller and then the lender.
Big Spring Park in Huntsville AL
The link below is to the current active listing and historic listings of the house.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274422
I looked closer at the listing; While it has a Madison Address the house is served by the Huntsville City schools. I think the schools that serve the property are improving but for now they are just average at best.
http://www.schooldigger.com/go/AL/schools/0180001796/school.aspx
http://www.schooldigger.com/go/AL/schools/0180002146/school.aspx
http://www.schooldigger.com/go/AL/schools/0180001651/school.aspx
The house is listed at $94 per square foot. There haven’t been any sales in the neighborhood sine 01/01/11.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274425
Huntsville downtown Big Spring Park
Keywords; Homes for sale in Huntsville; Huntsville homes for sale
Downtown Huntsville AL
Huntsville downtown
106 LAKE POINTE CIRCLE has been on market this cycle since 12/01/11.
I spoke with the listing agent who indicated they have had an above full price offer in front of the lender for over 30 – days but that offer had not been accepted by the lender yet.
If we did submit a written offer the listing agent would be obligated to present it to seller and then the lender.
Big Spring Park in Huntsville AL
The link below is to the current active listing and historic listings of the house.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274422
I looked closer at the listing; While it has a Madison Address the house is served by the Huntsville City schools. I think the schools that serve the property are improving but for now they are just average at best.
http://www.schooldigger.com/go/AL/schools/0180001796/school.aspx
http://www.schooldigger.com/go/AL/schools/0180002146/school.aspx
http://www.schooldigger.com/go/AL/schools/0180001651/school.aspx
The house is listed at $94 per square foot. There haven’t been any sales in the neighborhood sine 01/01/11.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274425
Huntsville downtown Big Spring Park
Keywords; Homes for sale in Huntsville; Huntsville homes for sale
Downtown Huntsville AL
Thursday, February 9, 2012
homes for sale in huntsville
802 HALSEY AVENUE
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294771
Sold at $96,000 in 2007
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294778
Summary of MLS activity in the neighborhood since 06/01/11.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294783
While growth and improvement in 5 points has slowed in the past four years, the neighborhood is still a great long-term area.
121 MAPLE AVENUE
Huntsville Big Springs Canal
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294769
The house sold for $6,000 in 1999.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294787
Huntsville Big Springs Park
This area concerns me. We have two rentals we manage on Huntsville Street a few blocks to the the north. Property values in the area are flat and it’s difficult to attract stable tenants.
The house was on the market for three months in 2011 and has been on the market this cycle since 01/01/11 without selling. When a house has been on market this long there is a reason it hasn’t sold.
The schools that serve the house are fair.
Huntsville Big Spring canal bridge
3205 DELISA CIRCLE
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294773
The house has been on the market since 11/30/11 without selling. It sold at $57,900 in 2008 and shows as a rental as well at $650. It is a bank owned house.
We manage 400 rental properties and no longer accept properties in the northwest. The schools are very poor and it is impossible to find stable tenants. Property values are still falling.
Huntsville Alabama Big Spring park cotton transport canal from 1800's
1407 BROOK HOLLOW CIRCLE
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294776
This house is also on the northwest. Two years ago the police found two bodies in the trunk of a car about 3,000' feet to the south on Oster Drive. There haven’t been any arrests in the murders. We did have properties in the area but dropped them.
From your list Halsey is the only property I could reccomend.
I tried searching for other properties in the same price range but found just more of the same. Someone else’s headache.
Keywords; Homes for sale in Huntsville, Huntsville homes for sale – Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Homes for sale in Huntsville ALHuntsville Alabama area Rental Homes, Property Management.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294771
Sold at $96,000 in 2007
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294778
Summary of MLS activity in the neighborhood since 06/01/11.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294783
While growth and improvement in 5 points has slowed in the past four years, the neighborhood is still a great long-term area.
121 MAPLE AVENUE
Huntsville Big Springs Canal
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294769
The house sold for $6,000 in 1999.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294787
Huntsville Big Springs Park
This area concerns me. We have two rentals we manage on Huntsville Street a few blocks to the the north. Property values in the area are flat and it’s difficult to attract stable tenants.
The house was on the market for three months in 2011 and has been on the market this cycle since 01/01/11 without selling. When a house has been on market this long there is a reason it hasn’t sold.
The schools that serve the house are fair.
Huntsville Big Spring canal bridge
3205 DELISA CIRCLE
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294773
The house has been on the market since 11/30/11 without selling. It sold at $57,900 in 2008 and shows as a rental as well at $650. It is a bank owned house.
We manage 400 rental properties and no longer accept properties in the northwest. The schools are very poor and it is impossible to find stable tenants. Property values are still falling.
Huntsville Alabama Big Spring park cotton transport canal from 1800's
1407 BROOK HOLLOW CIRCLE
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294776
This house is also on the northwest. Two years ago the police found two bodies in the trunk of a car about 3,000' feet to the south on Oster Drive. There haven’t been any arrests in the murders. We did have properties in the area but dropped them.
From your list Halsey is the only property I could reccomend.
I tried searching for other properties in the same price range but found just more of the same. Someone else’s headache.
Keywords; Homes for sale in Huntsville, Huntsville homes for sale – Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Homes for sale in Huntsville ALHuntsville Alabama area Rental Homes, Property Management.
Monday, February 6, 2012
homes for sale in huntsville
The house has been on the market since 11/29/11 and was first listed at $103,700. It last sold on 02/14/06 at $106,900. It sold in 200 at $85,000. The link below is to the current and archived listings of the house.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274136
The link below is to a summary of MLS activity in the neighborhood since 01/01/11. The subject home is listed at $55 per square foot. The average sold price in the neighborhood was $57 per square foot with a range of $52 to $61 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274139
Just based on the recent sales the house seems to be well priced. I do have some concerns about the neighborhood however. The neighborhood is on a hillside and many of the homes have settled and have substantial foundation problems. If we did move forward on the house we would need to have a careful home inspection and possibly a structural inspection by a licensed structural engineer. I'm also a little concerned about the surrounding neighborhood. While homes to the south, east and north are nice and well kept to the east there is a lot of low income, multi-family rental property. A little further east there is a mobile home park.
http://maps.google.com/maps?q=530+FARMINGDALE+ROAD,+HUNTSVILLE,+AL+35803&hl=en&ll=34.615983,-86.56284&spn=0.001982,0.005273&sll=37.0625,-95.677068&sspn=14.20984,64.775391&vpsrc=6&hnear=530+Farmingdale+Rd+SE,+Huntsville,+Alabama+35803&t=h&z=18
The link below is to two south Huntsville homes under $90,000 you may want to consider. 2003 SW SHANNONHOUSE ROAD is a bank owned house and there are no photos. It may be in bad condition but it is in a good area. 2023 SW STANFORD DRIVE is in the desirable medical district.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274153
Keywords; Huntsville Investment property , Huntsville homes for sale - Huntsville Alabama MLS search, Homes for sale in Huntsville Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274136
The link below is to a summary of MLS activity in the neighborhood since 01/01/11. The subject home is listed at $55 per square foot. The average sold price in the neighborhood was $57 per square foot with a range of $52 to $61 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274139
Just based on the recent sales the house seems to be well priced. I do have some concerns about the neighborhood however. The neighborhood is on a hillside and many of the homes have settled and have substantial foundation problems. If we did move forward on the house we would need to have a careful home inspection and possibly a structural inspection by a licensed structural engineer. I'm also a little concerned about the surrounding neighborhood. While homes to the south, east and north are nice and well kept to the east there is a lot of low income, multi-family rental property. A little further east there is a mobile home park.
http://maps.google.com/maps?q=530+FARMINGDALE+ROAD,+HUNTSVILLE,+AL+35803&hl=en&ll=34.615983,-86.56284&spn=0.001982,0.005273&sll=37.0625,-95.677068&sspn=14.20984,64.775391&vpsrc=6&hnear=530+Farmingdale+Rd+SE,+Huntsville,+Alabama+35803&t=h&z=18
The link below is to two south Huntsville homes under $90,000 you may want to consider. 2003 SW SHANNONHOUSE ROAD is a bank owned house and there are no photos. It may be in bad condition but it is in a good area. 2023 SW STANFORD DRIVE is in the desirable medical district.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274153
Keywords; Huntsville Investment property , Huntsville homes for sale - Huntsville Alabama MLS search, Homes for sale in Huntsville Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management
Sunday, February 5, 2012
Homes for sale in huntsville research
Research of homes for sale in Huntsville
February 5th, 2012 9:18 PM
7854 Twin Rivers Court at the link below is listed at $620,000 / $94 per square foot. It has been on the market since 06/30/09 and was originally listed at $749,900. It looks like it went under contract on 09/24/10 when it was listed at $536,000 but the sale fell through.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=71159809588347773095
The link below is to the listing where the current owner bought the house $118,250 / $73 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=711538095883477730950
The first mortgage dated 8/30/04 was for $494,600.
http://probate.co.madison.al.us/LoadImage.aspx?sk=200408308095883477730950&format=PDF&ref=e08cd07f-518095883477730950b-46ec-8d6e-e8622163c121
The second mortgage was for $123,650 for a total loan amount of $618,250 the purchase price.
http://probate.co.madison.al.us/LoadImage.aspx?sk=200408300809588347773095&format=PDF&ref=e08cd07f-510b-46809588347773095ec-8d6e-e8622163c121
Without knowing the loan interest rate or if seller made additional payment we can estimated that his loan balance will be in the $580,000 range. Including the brokers fee, a $6,000 contribution to purchaser closing costs and a $500 home warranty, purchaser’s will need to sell at about $620,000 to be able to pay off his loans. It’s probably no coincidence that the house is listed at $620,000.
The link below is to a summary of MLS activity in the neighborhood since 01/01/11. The average sold price was $110 per square foot with a range of $98 to $158per square foot. The average days on market were moderate at 117 days and a range of 5 to 199 days.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=80958834777309515809588347773095
My impression of the listing is that was initially listed for WAY too much then became a stale listing and people just assumed something was wrong with it. The listing agent seems a little lazy, The current listing uses the same photos and description as the previous listing including ” NEW SCHOOLS IN 2005 ” When the house wasn’t listed this time until 2009. In the two and a half years it has been on the market it has run down and someone fell through the garage ceiling.
The house is listed “as is” meaning the seller wont warrant anything to work. It is vital that we make any offer contingent on inspection and make sure the water is on to check the plumbing (I think the power is on).
Seller may be motivated to take a loss, the question is does he have money to bring to closing if the sale wont pay off the mortgages.
Huntsville homes for sale -Huntsville Alabama MLS search, Homes for sale in Huntsville Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.
February 5th, 2012 9:18 PM
7854 Twin Rivers Court at the link below is listed at $620,000 / $94 per square foot. It has been on the market since 06/30/09 and was originally listed at $749,900. It looks like it went under contract on 09/24/10 when it was listed at $536,000 but the sale fell through.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=71159809588347773095
The link below is to the listing where the current owner bought the house $118,250 / $73 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=711538095883477730950
The first mortgage dated 8/30/04 was for $494,600.
http://probate.co.madison.al.us/LoadImage.aspx?sk=200408308095883477730950&format=PDF&ref=e08cd07f-518095883477730950b-46ec-8d6e-e8622163c121
The second mortgage was for $123,650 for a total loan amount of $618,250 the purchase price.
http://probate.co.madison.al.us/LoadImage.aspx?sk=200408300809588347773095&format=PDF&ref=e08cd07f-510b-46809588347773095ec-8d6e-e8622163c121
Without knowing the loan interest rate or if seller made additional payment we can estimated that his loan balance will be in the $580,000 range. Including the brokers fee, a $6,000 contribution to purchaser closing costs and a $500 home warranty, purchaser’s will need to sell at about $620,000 to be able to pay off his loans. It’s probably no coincidence that the house is listed at $620,000.
The link below is to a summary of MLS activity in the neighborhood since 01/01/11. The average sold price was $110 per square foot with a range of $98 to $158per square foot. The average days on market were moderate at 117 days and a range of 5 to 199 days.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=80958834777309515809588347773095
My impression of the listing is that was initially listed for WAY too much then became a stale listing and people just assumed something was wrong with it. The listing agent seems a little lazy, The current listing uses the same photos and description as the previous listing including ” NEW SCHOOLS IN 2005 ” When the house wasn’t listed this time until 2009. In the two and a half years it has been on the market it has run down and someone fell through the garage ceiling.
The house is listed “as is” meaning the seller wont warrant anything to work. It is vital that we make any offer contingent on inspection and make sure the water is on to check the plumbing (I think the power is on).
Seller may be motivated to take a loss, the question is does he have money to bring to closing if the sale wont pay off the mortgages.
Huntsville homes for sale -Huntsville Alabama MLS search, Homes for sale in Huntsville Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.
Friday, February 3, 2012
Homes for sale in huntsville
Homes for sale in Huntsville; Realtors and buyers beware of scams
February 3rd, 2012 8:39 PM
?We have received several calls regarding the request for “wire transfers” into local escrow accounts from foreign purchasers. The types of calls are often “phishing” schemes that seek to acquire your banking information.Be sure to confirm the legitimacy of the request before providing any information as it can prove to be a costly mistake.
Homes for sale in Huntsville
Here is the info about the "buyers" who we feel are attempting to scam realtors. I'll give you all the information we have. They have contacted 3 of our agents so far. Cash buyers.Wants to see 124 Harness Drive.Staying at Country Hearth Inns & Suites on Madison Blvd.No car and wants the agent to pick them up @ 5pm at the hotel and take them to see the home.Sold a house in Arizona 3 years ago.Says the husband is retired military and they are going to start a business here but will not give any information about it.Does not have email.Talks a lot about building an "opulent" home and buying a "customized" car.
There have been reports of listings fraduently appearing on craigslist that appear to have been copied from another internet source.BE ALERT and check this site to ensure that a home you may have listed for sale, does not appear as being offered for rent at a very discounted price. The listor requests that money be sent to them and they will mail the key to the home. BE AWARE.
Several female agents from different companies have been receiving suggestive texts and graphic pictures via their cell phones in the past few weeks. It has been traced back by police to a couple of felons that agents need to be aware of. The men have had several arrests for drugs and burglary but they have alluded police with their latest crime using a “phones for drugs” tactic that is making them hard to find. Female agents should use caution when receiving these texts and contact Huntsville Police. Safety first!
There were two incidents this weekend with two agents with two ladies who are trying to distract open house agents (one succeeded). Please read the accounts below. If you've experienced anything like this recently, please forward info to me and copy rhonda@hbrmls.com . They are moving quickly, you should be quick to respond (camera phone, picture of their car and or them!)===============================Hey Guys,I wanted to report an unfortunate incident which occurred today at my Open House in Madison. I had 2 ladies come as I was locking up and ask if they could come in. One came in and the other stayed in the car. I went through with her, and she said she loved the house and wanted her friend to see it. She asked me if I could ask her friend to come in. I walked to the front door and asked her friend to come in. When we came in, the 1st lady was not where I could see her (she was in the master bedroom on 1st floor). The 2nd lady immediately went upstairs. No knowing what to do, I went upstairs with her. I eventually got them both downstairs and got the "interested party's" name & email address and made an appointment for her to come back on Wednesday for a 2nd look. I just received a call from the owner telling me that someone took close to 10 necklaces from her master bedroom today!!! And of course, the emails I sent to the lady have all 3 returned saying "no such address". The owner said none of the items were valuable, but several were sentimental items. This dear lady has a husband and a son currently serving in Iraq, and someone had the nerve to steal from her! I am so angry, but I want to warn everyone about these "ladies". Please warn everyone - I can't believe it! I had asked the owner to pack up all her valuables, and I thought I was being careful. ===========================================I think the same ladies came to my house today! They both darted off and two different directions and acted very strange. It seemed like they were trying to seperate me from one of them and I stayed with them pretty good until another couple came in and they decided to go back upstairs for one more look! They came in an SUV dark blue or black. They had two young children (8-10yrs) a boy and a girl in the car. Kids stayed in the car. She was supposedly coming to work for NASA in the next two weeks. The number they provided is not a working number and the e-mail address is not a good e-mail address.
Keywords; Homes for sale in Huntsville, Huntsville homes for sale - Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes,
February 3rd, 2012 8:39 PM
?We have received several calls regarding the request for “wire transfers” into local escrow accounts from foreign purchasers. The types of calls are often “phishing” schemes that seek to acquire your banking information.Be sure to confirm the legitimacy of the request before providing any information as it can prove to be a costly mistake.
Homes for sale in Huntsville
Here is the info about the "buyers" who we feel are attempting to scam realtors. I'll give you all the information we have. They have contacted 3 of our agents so far. Cash buyers.Wants to see 124 Harness Drive.Staying at Country Hearth Inns & Suites on Madison Blvd.No car and wants the agent to pick them up @ 5pm at the hotel and take them to see the home.Sold a house in Arizona 3 years ago.Says the husband is retired military and they are going to start a business here but will not give any information about it.Does not have email.Talks a lot about building an "opulent" home and buying a "customized" car.
There have been reports of listings fraduently appearing on craigslist that appear to have been copied from another internet source.BE ALERT and check this site to ensure that a home you may have listed for sale, does not appear as being offered for rent at a very discounted price. The listor requests that money be sent to them and they will mail the key to the home. BE AWARE.
Several female agents from different companies have been receiving suggestive texts and graphic pictures via their cell phones in the past few weeks. It has been traced back by police to a couple of felons that agents need to be aware of. The men have had several arrests for drugs and burglary but they have alluded police with their latest crime using a “phones for drugs” tactic that is making them hard to find. Female agents should use caution when receiving these texts and contact Huntsville Police. Safety first!
There were two incidents this weekend with two agents with two ladies who are trying to distract open house agents (one succeeded). Please read the accounts below. If you've experienced anything like this recently, please forward info to me and copy rhonda@hbrmls.com . They are moving quickly, you should be quick to respond (camera phone, picture of their car and or them!)===============================Hey Guys,I wanted to report an unfortunate incident which occurred today at my Open House in Madison. I had 2 ladies come as I was locking up and ask if they could come in. One came in and the other stayed in the car. I went through with her, and she said she loved the house and wanted her friend to see it. She asked me if I could ask her friend to come in. I walked to the front door and asked her friend to come in. When we came in, the 1st lady was not where I could see her (she was in the master bedroom on 1st floor). The 2nd lady immediately went upstairs. No knowing what to do, I went upstairs with her. I eventually got them both downstairs and got the "interested party's" name & email address and made an appointment for her to come back on Wednesday for a 2nd look. I just received a call from the owner telling me that someone took close to 10 necklaces from her master bedroom today!!! And of course, the emails I sent to the lady have all 3 returned saying "no such address". The owner said none of the items were valuable, but several were sentimental items. This dear lady has a husband and a son currently serving in Iraq, and someone had the nerve to steal from her! I am so angry, but I want to warn everyone about these "ladies". Please warn everyone - I can't believe it! I had asked the owner to pack up all her valuables, and I thought I was being careful. ===========================================I think the same ladies came to my house today! They both darted off and two different directions and acted very strange. It seemed like they were trying to seperate me from one of them and I stayed with them pretty good until another couple came in and they decided to go back upstairs for one more look! They came in an SUV dark blue or black. They had two young children (8-10yrs) a boy and a girl in the car. Kids stayed in the car. She was supposedly coming to work for NASA in the next two weeks. The number they provided is not a working number and the e-mail address is not a good e-mail address.
Keywords; Homes for sale in Huntsville, Huntsville homes for sale - Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes,
homes for sale in huntsville al
Homes for sale in Huntsville; Research of specific Huntsville homes for sale
February 3rd, 2012 10:49 AM
209 BRUSH CREEK DRIVE at the link below has been on market since 09/01/11. This a pretty long time for a home in this price range.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115302185
The current listing shows CHRIS DEROCK as the owner of the house. The link below is to the archived listing where he purchased the house 06/29/07 at $119,000. His seller paid $3,000 of his closing costs. This would have covered most if not all his closing and pre-paid costs.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115302187
As best as I can tell the house has been empty since 09/01/11 so there is a good chance the seller is having some financial pressure.
Searching the courthouse records I found the mortgage dated June 29, 2007 for $121,558. The loan amount is $2,588 above the sale price because it is a VA loan with a funding fee that is added to the loan amount.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20070706000479030&format=PDF&ref=248dfc0b-df49-4c0b-8a4c-21cfc85c8c65
Since VA loans are no down payment loans and his seller paid most if not all of his closing costs, the seller paid little to nothing up front to buy the house. The loan amount would have paid down very little however and the seller owes more on the house that what he can net in today's market.
The link below is to the deed.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20070706000479020&format=PDF&ref=248dfc0b-df49-4c0b-8a4c-21cfc85c8c65
The link below is to the summary of MLS activity in the neighborhood since 01/01/11. The average sold price was $77 per square foot with a range of $61 to $91 per square foot. There are four active listings in this small neighborhood that are competing for the same buyers.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115302195
At the highest sold price of $91 per square foot the house would be $131,000 well above the $118,000 list price
Keywords; 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.
February 3rd, 2012 10:49 AM
209 BRUSH CREEK DRIVE at the link below has been on market since 09/01/11. This a pretty long time for a home in this price range.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115302185
The current listing shows CHRIS DEROCK as the owner of the house. The link below is to the archived listing where he purchased the house 06/29/07 at $119,000. His seller paid $3,000 of his closing costs. This would have covered most if not all his closing and pre-paid costs.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115302187
As best as I can tell the house has been empty since 09/01/11 so there is a good chance the seller is having some financial pressure.
Searching the courthouse records I found the mortgage dated June 29, 2007 for $121,558. The loan amount is $2,588 above the sale price because it is a VA loan with a funding fee that is added to the loan amount.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20070706000479030&format=PDF&ref=248dfc0b-df49-4c0b-8a4c-21cfc85c8c65
Since VA loans are no down payment loans and his seller paid most if not all of his closing costs, the seller paid little to nothing up front to buy the house. The loan amount would have paid down very little however and the seller owes more on the house that what he can net in today's market.
The link below is to the deed.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20070706000479020&format=PDF&ref=248dfc0b-df49-4c0b-8a4c-21cfc85c8c65
The link below is to the summary of MLS activity in the neighborhood since 01/01/11. The average sold price was $77 per square foot with a range of $61 to $91 per square foot. There are four active listings in this small neighborhood that are competing for the same buyers.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115302195
At the highest sold price of $91 per square foot the house would be $131,000 well above the $118,000 list price
Keywords; 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.
Wednesday, December 28, 2011
HUNTSVILLE HOMES FOR SALE
Huntsville homes for sale; Profitable multifamily investment property in Huntsville is difficult to find. December 28, 2011
Filed under: Homes for sale in Huntsville AL,huntsville al homes for sale,Huntsville homes,Investment property in Huntsville — Philip Winburn @ 2:16 pm Edit This
Big fish at Guntersville Lake
I’ve worked with a lot of out of area investors looking for multifamilyproperty in Huntsville. One most be extremely cautious. Most of theavailable properties are in undesirable areas where it is very difficult tofind stable tenants. There is a high turnover and make ready costs betweentenants can be a cash flow killer. It’s rare that well priced properties indecent areas are posted on MLS. Most sales of desirable properties are aresult of word of mouth.
The other issue is finding hands on, consistent property management. Thereare few local managers willing to handle multifamily. From our perspectivethey are a poor investment of resources. It takes at least twice as manyresources to manage a $400 – $500 rental as it does to manage a $2,000rental. Our income from cheaper properties is a fraction of what we earn onthe larger homes.
There are only a handful of local managers that are taking on multifamilyproperties. It’s hit and miss on weather their clients are happy with theirservice.
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.
I do have friends who own a good bit of C class property Huntsville homes for sale that seem to have ahandle on managing them. They have a few properties listed, more that couldbe sold and indicated a willingness to continue management at least for atime. I’ve tried to convince them to do outside management because there issuch a need but they have their hands full with the properties they have andtwo sons involved in football and wrestling. Please let me know if you mighthave an interest in their properties.
I work mostly in single family properties. The cash flow may not be as goodas multifamily but appreciation, liquidity and ease of management are muchbetter.
Valley Mls, Huntsville Mls SearchValley mls, huntsville mls search; valley mls has limited features and can be difficult to use. If you have trouble or aren’t sure where to start just let us know what you are looking for and we will help. Http://www. Huntsville-homes. Com
Filed under: Homes for sale in Huntsville AL,huntsville al homes for sale,Huntsville homes,Investment property in Huntsville — Philip Winburn @ 2:16 pm Edit This
Big fish at Guntersville Lake
I’ve worked with a lot of out of area investors looking for multifamilyproperty in Huntsville. One most be extremely cautious. Most of theavailable properties are in undesirable areas where it is very difficult tofind stable tenants. There is a high turnover and make ready costs betweentenants can be a cash flow killer. It’s rare that well priced properties indecent areas are posted on MLS. Most sales of desirable properties are aresult of word of mouth.
The other issue is finding hands on, consistent property management. Thereare few local managers willing to handle multifamily. From our perspectivethey are a poor investment of resources. It takes at least twice as manyresources to manage a $400 – $500 rental as it does to manage a $2,000rental. Our income from cheaper properties is a fraction of what we earn onthe larger homes.
There are only a handful of local managers that are taking on multifamilyproperties. It’s hit and miss on weather their clients are happy with theirservice.
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.
I do have friends who own a good bit of C class property Huntsville homes for sale that seem to have ahandle on managing them. They have a few properties listed, more that couldbe sold and indicated a willingness to continue management at least for atime. I’ve tried to convince them to do outside management because there issuch a need but they have their hands full with the properties they have andtwo sons involved in football and wrestling. Please let me know if you mighthave an interest in their properties.
I work mostly in single family properties. The cash flow may not be as goodas multifamily but appreciation, liquidity and ease of management are muchbetter.
Valley Mls, Huntsville Mls SearchValley mls, huntsville mls search; valley mls has limited features and can be difficult to use. If you have trouble or aren’t sure where to start just let us know what you are looking for and we will help. Http://www. Huntsville-homes. Com
Friday, August 19, 2011
Homes for sale in Huntsville; Schools as a consideration
Homes for sale in huntsville; Schools as a consideration
While there are some very good schools within the the Huntsville City school system, The system is in transition. There is a new school superintendent who has recently streamlined the system by consolidating schools and closing others. He has also terminated the contracts of several underperforming principles, coaches and teachers. While my impressions is that the school systems is changing for the better, you should be aware that the system is in transition. Many newcomers to Huntsville looking for homes for sale in huntsville prefer to move into either the Madison or Madison County school districts. One pays a premium for location in Madison but can often purchase a lot more house for the money in Madison County outside the city. In filtering homes be aware that a property can have a Madison address but be within Huntsville and be served by Huntsville schools. Homes with Huntsville addresses could be in the Madison County school system. If you have questions about the schools that serve a given property please just ask. You can click on the photo on the listing for additional photos and on the address for a map of the approximate location of the property. On the map, you can click on hybrid for a satellite image overlay. In some cases there may also be an interactive street level image. You can click on the zip code to link to the US Census data for the zip code area. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114636079 Please let us know if we are on the right track with this search or if we need to make changes. We did increase the price range a little to account for negotiation. We set up an automated search for properties that meet your search terms. If there is a new listing or a change to an existing listing that meets your criteria, you will receive an email. If you prefer not to receive the emails, just unsubscribe at the link at the bottom of each email. Please keep in mind that the automated searches will not be human filtered as the listings above were. We thought you may have an interest in an excellent resource for researching schools http://www.schooldigger.com/go/AL/search.aspx .
Please let us know if you would like to schedule a showing or would like additional information on any property. We can research a properties listing history and provide a market value study based on recent sales of similar area homes. If you are not local we can preview properties and provide additional photography for you. We always recommend that our clients have a professional home inspection including radon testing. We can recommend home inspectors who we have had positive experience with. If you need assistance in finding a trustworthy lender we can recommend those that have proven themselves in the care and service they have provided our past clients. The following link is to testimonials of recent clients. The information may help you get to know us and the quality of our service as you begin your search for a new home. http://www.huntsville-homes.com/TESTIMONIALS 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.
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