Showing posts with label huntsville mls. Show all posts
Showing posts with label huntsville mls. Show all posts
Tuesday, August 28, 2012
homes of huntsville rates rise
Mortgage rates have moved higher off of record lows for the second consecutive week.
August 28th, 2012 4:36 PM
SOURCE INMAN NEWS
Mortgage rates have moved higher off of record lows for the second consecutive week amid signs that the U.S. job market is stabilizing, according to a weekly survey by Freddie Mac. For 30-year fixed-rate mortgages, rates averaged 3.59 percent with an average 0.6 point for the week ending Aug. 9, up from 3.55 percent last week but down from 4.32 percent a year ago, according to Freddie Mac's Primary Mortgage Market Survey. Rates on 30-year fixed-rate mortgages hit an all-time low in Freddie Mac records dating to 1971 when they fell to 3.49 percent during the week ending July 26. Rates on 15-year fixed-rate mortgages averaged 2.84 percent with an average 0.6 point, up from 2.83 percent last week but down from 3.5 percent a year ago. Rates on 15-year fixed-rate mortgages hit a low in records dating to 1991 of 2.8 percent during the week ending July 26. For five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans, rates averaged 2.77 percent with an average 0.6 point, up from 2.75 percent last week but down from 3.13 percent a year ago. Rates on five-year ARM loans hit a low in records dating to 2005 of 2.74 percent during the week ending July 26. Rates on one-year Treasury-indexed ARMs averaged 2.65 percent with an average 0.4 point, down from 2.7 percent last week and 2.89 percent a year ago. That's a new low in records dating to 1984. A separate survey by the Mortgage Bankers Association showed demand for purchase loans during the week ending Aug. 9 was down a seasonally adjusted 2 percent from the week before, and off 12 percent from the same time a year ago. Applications to refinance accounted for 81 percent of all mortgage loan applications. The U.S. Bureau of Labor Statistics reported Friday that total nonfarm payroll employment rose by 163,000 in July, the biggest gain in five months. Job growth had been below the 100,000 mark for three months in a row. Nevertheless, 12.8 million Americans were still looking for work, and the unemployment rate was essentially unchanged at 8.3 percent. The Department of Labor reported today that initial claims for unemployment benefits fell by 6,000 during the week ending Aug. 4, to a seasonally adjusted 361,000, suggesting that the increased job growth seen in July could be sustained into August, Reuters reported. Positive economic news tends to send long-term interest rates up. Conservative investments like Treasurys and mortgage-backed securities that fund most U.S. mortgage loans may fall out of favor with investors when stocks seem to promise better retur
Please make arrangements to attend one of the webinars listed below. You will be part of a select group of Madison county real estate professionals that will most likely qualify to apply for acceptance as an REO partner for homes of Huntsville one, or several of the financial institutions involved in the 2011 "RoboSigning" litigation. A recent $25 billion relief settlement has been reached and these institutions will soon begin releasing the properties caught up in the 11,000,000 foreclosure backlog. Sp far, over 250% increases in filings have occurred, with another 250% anticipated. Recent legislation and program changes have prompted increased filings in Madison county. A large group of servicers including, Chase, Citi, Bank of America, Ally and Wells Fargo are now working daily to process as many REO files as possible. In addition to the bank details, training will be provided on how to prepare for your application with these involved financial institutions. You will also be directed to a list of the Fannie Mae outsourcing partners and their contact details. There is no cost for this workshop. Due to high response and limited capacity, we will be holding Huntsville AL MLS webinar sessions on Tuesday, August 28, 2012 at 9:00 AM, 11:00 AM, 1:00 PM and 3:00 PM CENTRAL time and we will close registration after 400 seats are filled. Register now by choosing and clicking one of the provided links below: (Please register for only ONE workshop as seats are limited. Multiple registrations will be deleted.) Tuesday August 28 - 9:00 AM CENTRAL - https://www3.gotomeeting.com/register/499749414 Tuesday August 28 - 11:00 AM CENTRAL - https://www3.gotomeeting.com/register/774047030 Tuesday August 28 - 1:00 PM CENTRAL - https://www3.gotomeeting.com/register/239769318 Tuesday August 28 - 3:00 PM CENTRAL - https://www3.gotomeeting.com/register/716422942
homes of huntsville We've got some cracking seminars for you at the show and they are all free to attend - you just reserve your place when you come to the show - doors open at 9.00am. Our seminars cover topics that matter to you and will deliver valuable gold nuggets of information that you will be able to take away 09.30 - Data Security issues for small businesses with Young & Partners 10.00 - 10 practical tips to improve your local online marketing with WSI Web Based Marketing(This 20 minute session will give you 10 actions you can take now that will improve your local online presence and drive more relevant traffic to your web site) 10.30 - Renewable energy and cost reduction with Young & Partners 11.00 - Risky Business with Abacus Financial Planning (Does risk impact on your investment decisions and What about risks in your business? If so, what can you do about it?) 11.30 - Social Media and how to deal with employee issues with Young & Partners 12.00 - How to discover your most profitable customers and get their attention with Uniq, The Academy for Entrepreneurs - (Are you finding that it’s harder than ever before to get good results from marketing and what used to work delivers very little now?
Saturday, August 18, 2012
Homes of huntsville educational classes
Huntsville real estate education opportunity; Homes of Huntsville
August 18th, 2012 2:33 PM
Thursday August 16, 9:00 a.m. to 12:00 a.m. Oh Baby, X, Y, Z and ME - 3 CE hrs Study of living 6 Generations - Fun class Thursday August 16, 1 pm to 4 pm Code of Ethics - Required by NAR 3 CE hrs Class held at 1593 Hughes Rd, Ste A, Madison, AL 35758 Keller Williams Training Facility You can register for one or both classes only $25 each Please register at our web site www.RealEstateAcademy.org with VISA or MASTERCARD. Call 256-783-3299 with questions. SEATING IS LIMITED! PLEASE REGISTER FOR CLASS & HAVE YOUR ALABAMA LICENSE NUMBER Larry Carroll 256-503-3000 Nancy Carroll 256-783-3299 RealEstateAcademy.org Real Estate Academy of Learning (License # 79163) Valley mls, huntsville mls search; valley mls, the Huntsville AL MLS service 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
"RISK MANAGEMENT" AND "FORMS" CE CLASSES The following Continuing Education (CE) classes will be offered on Saturday, August 25th: Risk Management (required)....3 hours of CE credit..9-12 am.....Instructor: Walt Hennessee Forms (elective).......................3 hours of CE credit..1-4 pm.......Instructor: Walt Hennessee There have been many requests to offer these classes during the week, so..... Risk Management (required) will be offered on Tuesday, Aug. 21st, from 5:30PM til 8:30PM, Forms will be offered on Wednesday, Aug. 22nd, from 5:30PM til 8:30PM. The classes will be held at the Rise School of Real Estate located at 3603 Memorial Pkwy SE, Huntsville, AL 35801 (Next to Robin Rents). Parking is available at the back of the building. Cost is $25 for each class....there is no charge for the fun we have. Space is limited, so call (256) 656-3325 to reserve your seat. If you do not want or need the CEs, you are welcome to attend either class at no charge. This is a good opportunity for new agents to be exposed the the Risks associated with our profession and the "tools of our trade", Forms. Good homes of huntsville selling, Walt **********************************************************
Come join us at the NEW REALTORS CLUB meeting, Thursday August 16th, 11:30-1:00. Make reservations and enjoy a free lunch with a very informative program the 3rd Thursday of each month. Contact: robin.gerrish@charter.net It is not just for new Realtors.
Thursday, August 16, 2012
Homes of Huntsville, Huntsville MLS
Market value and homes of Huntsville listings troubleshooting
August 16th, 2012 10:58 AM
We market our listings through the MLS and an online marketing company based in Nashville. Our website is the first or one of the first that shows on Google searches and we also advertise in the local real estate magazines. I post on Craig's List and You Tube myself. There are key things to consider in listings. Good photography is important. There are lots of competing listings and we need to be able to catch a buyers eye. Most buyers quickly scan the photos before reading the listing. We do subscribe to virtual tours but they are slow to load and I prefer using You Tube slide shows. They load much faster. Our website provider just added a very cool interactive floor plan that I'm looking forward to learning. We can link the MLS listing to the floor plan. http://www.alamode.com/agent/gold/marketing/toursketch/ On the huntsville mls listing we need to make sure all the information is correct for the search filters. The MLS has limited space for narration but we can attach additional information under the photos section and reference it in the description. I was thinking of scanning your notes to a PDF file and attaching it to the listing. Over 90% of real estate sales are a result of the MLS with one realtor listing a property that is a match for another realtor's buyer. The key is properly pricing a property when it first goes on the market, making sure the listing is eye catching and making sure it shows well. I think your house was probably listed for too much when it first went on market in April. I expect to see one or more showings per week on average. If we consistently have fewer showings the first item to review is the price. Given the current soft market many owners are leasing their homes until the market recovers. If you have a potential buyer we can exclude the buyer from the listing agreement. We would like to have the listing for at least 60 - 90 days but if you are dissatisfied with what we are doing to market and sell the house we can release you from the listing. A large portion of our business is from referrals and I would rather terminate a listing than cause ill will. I set aside time each Friday to review both my for sale and rental listings. If I think we need to make adjustments to the listing based on showing activity and feedback I contact the owners. We can set up automatic notification to owners of showings. When the lock box is opened our system can send an email to us and to the owner. Again tracking showing activity is key to knowing if we are properly priced. At the point that we do get an offer or actionable feedback we will communicate as needed. The link below is to a summary of MLS activity in the neighborhood since 08/01/11. The average sold price was $91 per square foot with a range of $78 to $98 per square foot. All of the sales were Adams Homes. The average list price is $93 per square foot. The active listings have been on market since 03/12/12, 07/08/12, 10/22/10 and 04/06/12 respectively. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116198216 7111 HORSE HOLLOW DRIVE listed at at $93 per square foot since 07/08/12 and 7022 THORNWOOD LANE at $96 per square foot listed since 04/06/12 are the best comparable homes. Looking outside the immediate neighborhood for homes of huntsville but within Hampton Cove I found the recent sales at the link below. 2766 DEFORD MILL ROAD is probably best comparison. It sold at $97 per square foot in just 26 days but is in a neighborhood where homes sell in the $100+ per square foot range. The sales of Adams Homes in your neighborhood tend to keep the prices of the other home depressed. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116198232 The link below is to the 22 active listings in Hampton Cove in the $220,000 to $250,000 range. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116198239 In all of Madison County there are 292 listings in that price range. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116198243 After reviewing the data I don't think that $249,900 is too much to ask for the house. There is however a lot of competing inventory including new and newer construction. Since we are reaching the end of the peak selling season, selling might take a little longer. We might also considering offering the house as a lease purchase to set it apart from the competing listings. There are inherent risks in any rental and we do have to structure the agreement so it's easy to disentangle if the purchase falls though but it can be an effective marketing tool. Given what you have in the house you might consider holding it as an investment property for 2 - 3 years in hopes of the market recovering.
Homes of Huntsville, Huntsville mls
Market value and homes of Huntsville listings troubleshooting
August 16th, 2012 10:58 AM
We market our listings through the MLS and an online marketing company based in Nashville. Our website is the first or one of the first that shows on Google searches and we also advertise in the local real estate magazines. I post on Craig's List and You Tube myself. There are key things to consider in listings. Good photography is important. There are lots of competing listings and we need to be able to catch a buyers eye. Most buyers quickly scan the photos before reading the listing. We do subscribe to virtual tours but they are slow to load and I prefer using You Tube slide shows. They load much faster. Our website provider just added a very cool interactive floor plan that I'm looking forward to learning. We can link the MLS listing to the floor plan. http://www.alamode.com/agent/gold/marketing/toursketch/ On the huntsville mls listing we need to make sure all the information is correct for the search filters. The MLS has limited space for narration but we can attach additional information under the photos section and reference it in the description. I was thinking of scanning your notes to a PDF file and attaching it to the listing. Over 90% of real estate sales are a result of the MLS with one realtor listing a property that is a match for another realtor's buyer. The key is properly pricing a property when it first goes on the market, making sure the listing is eye catching and making sure it shows well. I think your house was probably listed for too much when it first went on market in April. I expect to see one or more showings per week on average. If we consistently have fewer showings the first item to review is the price. Given the current soft market many owners are leasing their homes until the market recovers. If you have a potential buyer we can exclude the buyer from the listing agreement. We would like to have the listing for at least 60 - 90 days but if you are dissatisfied with what we are doing to market and sell the house we can release you from the listing. A large portion of our business is from referrals and I would rather terminate a listing than cause ill will. I set aside time each Friday to review both my for sale and rental listings. If I think we need to make adjustments to the listing based on showing activity and feedback I contact the owners. We can set up automatic notification to owners of showings. When the lock box is opened our system can send an email to us and to the owner. Again tracking showing activity is key to knowing if we are properly priced. At the point that we do get an offer or actionable feedback we will communicate as needed. The link below is to a summary of MLS activity in the neighborhood since 08/01/11. The average sold price was $91 per square foot with a range of $78 to $98 per square foot. All of the sales were Adams Homes. The average list price is $93 per square foot. The active listings have been on market since 03/12/12, 07/08/12, 10/22/10 and 04/06/12 respectively. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116198216 7111 HORSE HOLLOW DRIVE listed at at $93 per square foot since 07/08/12 and 7022 THORNWOOD LANE at $96 per square foot listed since 04/06/12 are the best comparable homes. Looking outside the immediate neighborhood for homes of huntsville but within Hampton Cove I found the recent sales at the link below. 2766 DEFORD MILL ROAD is probably best comparison. It sold at $97 per square foot in just 26 days but is in a neighborhood where homes sell in the $100+ per square foot range. The sales of Adams Homes in your neighborhood tend to keep the prices of the other home depressed. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116198232 The link below is to the 22 active listings in Hampton Cove in the $220,000 to $250,000 range. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116198239 In all of Madison County there are 292 listings in that price range. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116198243 After reviewing the data I don't think that $249,900 is too much to ask for the house. There is however a lot of competing inventory including new and newer construction. Since we are reaching the end of the peak selling season, selling might take a little longer. We might also considering offering the house as a lease purchase to set it apart from the competing listings. There are inherent risks in any rental and we do have to structure the agreement so it's easy to disentangle if the purchase falls though but it can be an effective marketing tool. Given what you have in the house you might consider holding it as an investment property for 2 - 3 years in hopes of the market recovering.
Tuesday, August 7, 2012
Homes for sale in Huntsville Alabama, Huntsville AL MLS
Homes for sale in Huntsville Alabama; Peak selling time is when school is out so you might consider listing the house sometime in mid to late April
August 7th, 2012 9:48 AM
Peak selling time for homes for sale in Huntsville Alabama is when school is out so you might consider listing the house sometime in mid to late April. Getting the house ready to sell is a matter of having it well maintained, de-cluttered and appealing to prospective buyers. The house is very cute and I'm sure you and Charles have taken good care of it.
What concerns me is the state of the economy and the local real estate market. While we have seen signs of recovery our local market took a huge hit in late 2007 and early 2008. While it's a great time to buy with depressed prices and very low interest rates, it's still not a good time to sell.
There have been several foreclosed homes in Sandhurst Park and the average sold price in the neighborhood for the past year has been in the $60 per square foot range with the highest sale at $88 per square foot. At the time you purchased homes were selling in the mid to high $90 per square foot range.
You guys might want to consider keeping the house as an investment / rental home until the economy and real estate market improves. I can't recall what your monthly payment is but the house should rent quickly in the $700 - $750 range. Your property taxes might double on if you file homestead on a new house.
Managing rental property is tough but I would be happy to help you. The key is screening tenants and sticking to the terms of the lease. Sometimes you have to be though and set aside personal relationships you may have with tenants. You have to treat rentals as a business.
What type of homes have you been looking for? What is your price range and what part of town are you looking in?
I'm really sorry I didn't have better news on the local real estate market. It's been a tough four years. There is a positive trend of increasing sales and prices getting better but we are probably two to three years away from a full recovery.
Huntsville AL MLS search, Valley MLS Huntsville AL MLS search, Valley MLS, Newcomer information Huntsville AL real estate homes for sale Huntsville. Moving to Huntsville. Huntsville AL MLS homes for sale real estate. Search the Huntsville MLS and request automated real estate search.
August 7th, 2012 9:48 AM
Peak selling time for homes for sale in Huntsville Alabama is when school is out so you might consider listing the house sometime in mid to late April. Getting the house ready to sell is a matter of having it well maintained, de-cluttered and appealing to prospective buyers. The house is very cute and I'm sure you and Charles have taken good care of it.
What concerns me is the state of the economy and the local real estate market. While we have seen signs of recovery our local market took a huge hit in late 2007 and early 2008. While it's a great time to buy with depressed prices and very low interest rates, it's still not a good time to sell.
There have been several foreclosed homes in Sandhurst Park and the average sold price in the neighborhood for the past year has been in the $60 per square foot range with the highest sale at $88 per square foot. At the time you purchased homes were selling in the mid to high $90 per square foot range.
You guys might want to consider keeping the house as an investment / rental home until the economy and real estate market improves. I can't recall what your monthly payment is but the house should rent quickly in the $700 - $750 range. Your property taxes might double on if you file homestead on a new house.
Managing rental property is tough but I would be happy to help you. The key is screening tenants and sticking to the terms of the lease. Sometimes you have to be though and set aside personal relationships you may have with tenants. You have to treat rentals as a business.
What type of homes have you been looking for? What is your price range and what part of town are you looking in?
I'm really sorry I didn't have better news on the local real estate market. It's been a tough four years. There is a positive trend of increasing sales and prices getting better but we are probably two to three years away from a full recovery.
Huntsville AL MLS search, Valley MLS Huntsville AL MLS search, Valley MLS, Newcomer information Huntsville AL real estate homes for sale Huntsville. Moving to Huntsville. Huntsville AL MLS homes for sale real estate. Search the Huntsville MLS and request automated real estate search.
Tuesday, July 31, 2012
Huntsville real estate, huntsville mls
Huntsville MLS, Huntsville real estate research.
July 31st, 2012 7:58 PM
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 this 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 Huntsville real estate 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.
Valley MLS, Huntsville MLS
July 31st, 2012 7:58 PM
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 this 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 Huntsville real estate 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.
Valley MLS, Huntsville MLS
Monday, July 30, 2012
Huntsville MLS, Huntsville AL MLS
On market value the best we can do to estimate market value on comps.
July 30th, 2012 3:35 PM
On market value the best we can do to estimate market value is to see what comparable recent sales have been. The subject is listed at $100 per square foot. It does not have a view of nor does is border the golf course. The link below is to a summary of the four comparable homes that I could find in the MLS. The average sold price was $91 psf with a range of $84 psf (Short sale) and $95 psf. At the average sold price the subject property market value would be somewhere in the $191,000 range. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116149730 On the unfinished bonus room think is wired but no HVAC yet. We will need to confirm this. I found several active Huntsville MLS listings in Piney Creek. None indicate a bank owned or pre-foreclosure. I tried looking back to 01/01/11 and the one sale in the addition was not a bank owned property. It could be that there are distressed homes that are in the foreclosure process but are not yet listed as such. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116149732 Checking the classified pages in the Athens News Courier I found two advertised foreclosure sales at the links below but neither are in the correct subdivision. http://marketplace.enewscourier.com/default/announcements/notice-of-mortgage-foreclosure/C0A8015711cd00A037VkoMF02F97 http://marketplace.enewscourier.com/default/announcements/notice-of-mortgage-foreclosure/C0A8015711cd00A0C3LTktF0710F Again it may be that a property is either in progress or has been foreclosed but is not yet being marketed as such. This house is located in the canebrake golf community in Athens. It is on a corner lot but does not have a view of the course. It is a short sale meaning the seller is asking the lender to be able to sell the house for less than is owed on the mortgage. Short sales are like a blind auction with no sent end date. We submit offers to the lender and may wait weeks or months before getting a response. In the meanwhile additional offers will be accepted. There is already at least one offer waiting lender review. The house has been on the market since 02/01/12. I don't have additional photos but the house is easy to show. Would you like me to have one of our agents schedule a showing for you? The house is occupied by the seller. The link below is to all 28 active listings in Canebrake. I set up an automated search for you. If there is a new listing or change to an existing listing in Canebrake, you will receive an email with the listing. If you prefer not to receive the updates, just un-subscribe at the link at the bottom of the notices. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116146773 If you would consider homes in other areas, just let me know what you are looking for and we can set up additional searches for you.
Huntsville AL MLS Acess the Huntsville MLS / Valley MLS to search for every available property without having to register. Request an automated search to recive notification of new listings.
July 30th, 2012 3:35 PM
On market value the best we can do to estimate market value is to see what comparable recent sales have been. The subject is listed at $100 per square foot. It does not have a view of nor does is border the golf course. The link below is to a summary of the four comparable homes that I could find in the MLS. The average sold price was $91 psf with a range of $84 psf (Short sale) and $95 psf. At the average sold price the subject property market value would be somewhere in the $191,000 range. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116149730 On the unfinished bonus room think is wired but no HVAC yet. We will need to confirm this. I found several active Huntsville MLS listings in Piney Creek. None indicate a bank owned or pre-foreclosure. I tried looking back to 01/01/11 and the one sale in the addition was not a bank owned property. It could be that there are distressed homes that are in the foreclosure process but are not yet listed as such. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116149732 Checking the classified pages in the Athens News Courier I found two advertised foreclosure sales at the links below but neither are in the correct subdivision. http://marketplace.enewscourier.com/default/announcements/notice-of-mortgage-foreclosure/C0A8015711cd00A037VkoMF02F97 http://marketplace.enewscourier.com/default/announcements/notice-of-mortgage-foreclosure/C0A8015711cd00A0C3LTktF0710F Again it may be that a property is either in progress or has been foreclosed but is not yet being marketed as such. This house is located in the canebrake golf community in Athens. It is on a corner lot but does not have a view of the course. It is a short sale meaning the seller is asking the lender to be able to sell the house for less than is owed on the mortgage. Short sales are like a blind auction with no sent end date. We submit offers to the lender and may wait weeks or months before getting a response. In the meanwhile additional offers will be accepted. There is already at least one offer waiting lender review. The house has been on the market since 02/01/12. I don't have additional photos but the house is easy to show. Would you like me to have one of our agents schedule a showing for you? The house is occupied by the seller. The link below is to all 28 active listings in Canebrake. I set up an automated search for you. If there is a new listing or change to an existing listing in Canebrake, you will receive an email with the listing. If you prefer not to receive the updates, just un-subscribe at the link at the bottom of the notices. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116146773 If you would consider homes in other areas, just let me know what you are looking for and we can set up additional searches for you.
Huntsville AL MLS Acess the Huntsville MLS / Valley MLS to search for every available property without having to register. Request an automated search to recive notification of new listings.
Sunday, July 29, 2012
Huntsville MLS
The Huntsville MLS doesn't show where the current owner bought the house but the link below is to a $181,000 mortgage on the property from 2006.
July 29th, 2012 11:46 AM
109 NORTH STAR DRIVE at the link below has been on the market this time since 03/03/12. It was listed for $190,000 from 11/23/10 to 07/18/11. It was listed for $197,000 from 05/06/10 to 08/17/10. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115570861 The Huntsville MLS doesn't show where the current owner bought the house but the link below is to a $181,000 mortgage on the property from 2006. http://probate.co.madison.al.us/LoadImage.aspx?sk=20061010000689040&format=PDF&ref=a6b13354-a3dc-4a51-bcf8-849db3d21e66 It looks looks they did a refinance at $184,000 in 2009. http://probate.co.madison.al.us/LoadImage.aspx?sk=20061010000689040&format=PDF&ref=a6b13354-a3dc-4a51-bcf8-849db3d21e66 Assuming the loan balance is in the $180,000 range the seller would need to sell in the $195,000 range unless he can bring money to closing. At a list price of $189,000, he is probably having to bring money to closing and may not have much room to negotiate. The link below is to a summary of MLS activity in the neighborhood since 03/01/11. There are six active listings and six sold homes. The average sold price was $83 per square foot with a range of $67 (Bank owned) to $95 per square foot. At $189,000 / $87 per square foot the house is priced within the market range. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115570873 The house is near but not in the Flint River flood plain. 4894 James St has been on the market since 09/29/11 at $211,900 / $80 per square foot. The link below is to the listing where the current owner bought the house in 2009 at $175,000. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115580950 I found just one mortgage at $179,000 on the house. http://probate.co.madison.al.us/LoadImage.aspx?sk=20090226000124210&format=PDF&ref=8f5241ee-f47c-4a23-b410-76feaa1f86a9 The seller would need to sell at around $194,000 to break even on a sale so if he is willing to, he has room to negotiate. I couldn't find any comparable recent sales in the neighborhood so we would need to look outside the neighborhood to try and establish market value. The house is not in a flood zone. The link below is to a satellite image of the house. http://maps.google.com/maps?q=4894+JAMES+STREET,+HUNTSVILLE,+AL+35811&hl=en&ll=34.826449,-86.509448&spn=0.001398,0.002637&sll=37.0625,-95.677068&sspn=31.28862,86.396484&t=h&hnear=4894+James+St,+Huntsville,+Alabama+35811&z=19 25585 Putman Circle at the link below has bee on the market since 07/05/11. It was originally listed at $239,900. The price was lowered to the current $222,800 / $78 per square foot on 03/16/12. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115575960 The link below is to the listing where the current owner bought the property in 2000 for $142,250. I cant see any changes in the property from 2000 until now. Even at a very generous 3% annual increase in value the property would only be worth around $193,000. It will be nearly impossible to find similar sales in the area to estimate market value but it took 165 days for the house to sell in 2000 so we can assume $142,250 was a fair market value then The home is not near a flood zone. The link below is to the Google satellite image of the property. To the northeast there are some mobile homes and behind the two mobile homes it looks like a barn with junk cars around it. To the east at the end of the rod there is a large junk yard. http://maps.google.com/maps?q=25585+PUTMAN+CIRCLE,+35620&hl=en&ll=34.928366,-86.876997&spn=0.00395,0.010546&sll=37.0625,-95.677068&sspn=31.28862,86.396484&t=h&hnear=25585+Putman+Cir,+Elkmont,+Alabama+35620&z=17 The links below are to data on the schools that serve the house. http://www.schooldigger.com/go/AL/schools/0210002081/school.aspx http://www.schooldigger.com/go/AL/schools/0210000797/school.aspx This house does concern me. It is so far from the city it's going to be hard to re-sale when you eventually need to sell and I think it is priced way too high. The link below is to some other house in Northeast Madiosn County you may want to review. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115581006
Valley MLS Huntsville MLS search
July 29th, 2012 11:46 AM
109 NORTH STAR DRIVE at the link below has been on the market this time since 03/03/12. It was listed for $190,000 from 11/23/10 to 07/18/11. It was listed for $197,000 from 05/06/10 to 08/17/10. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115570861 The Huntsville MLS doesn't show where the current owner bought the house but the link below is to a $181,000 mortgage on the property from 2006. http://probate.co.madison.al.us/LoadImage.aspx?sk=20061010000689040&format=PDF&ref=a6b13354-a3dc-4a51-bcf8-849db3d21e66 It looks looks they did a refinance at $184,000 in 2009. http://probate.co.madison.al.us/LoadImage.aspx?sk=20061010000689040&format=PDF&ref=a6b13354-a3dc-4a51-bcf8-849db3d21e66 Assuming the loan balance is in the $180,000 range the seller would need to sell in the $195,000 range unless he can bring money to closing. At a list price of $189,000, he is probably having to bring money to closing and may not have much room to negotiate. The link below is to a summary of MLS activity in the neighborhood since 03/01/11. There are six active listings and six sold homes. The average sold price was $83 per square foot with a range of $67 (Bank owned) to $95 per square foot. At $189,000 / $87 per square foot the house is priced within the market range. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115570873 The house is near but not in the Flint River flood plain. 4894 James St has been on the market since 09/29/11 at $211,900 / $80 per square foot. The link below is to the listing where the current owner bought the house in 2009 at $175,000. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115580950 I found just one mortgage at $179,000 on the house. http://probate.co.madison.al.us/LoadImage.aspx?sk=20090226000124210&format=PDF&ref=8f5241ee-f47c-4a23-b410-76feaa1f86a9 The seller would need to sell at around $194,000 to break even on a sale so if he is willing to, he has room to negotiate. I couldn't find any comparable recent sales in the neighborhood so we would need to look outside the neighborhood to try and establish market value. The house is not in a flood zone. The link below is to a satellite image of the house. http://maps.google.com/maps?q=4894+JAMES+STREET,+HUNTSVILLE,+AL+35811&hl=en&ll=34.826449,-86.509448&spn=0.001398,0.002637&sll=37.0625,-95.677068&sspn=31.28862,86.396484&t=h&hnear=4894+James+St,+Huntsville,+Alabama+35811&z=19 25585 Putman Circle at the link below has bee on the market since 07/05/11. It was originally listed at $239,900. The price was lowered to the current $222,800 / $78 per square foot on 03/16/12. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115575960 The link below is to the listing where the current owner bought the property in 2000 for $142,250. I cant see any changes in the property from 2000 until now. Even at a very generous 3% annual increase in value the property would only be worth around $193,000. It will be nearly impossible to find similar sales in the area to estimate market value but it took 165 days for the house to sell in 2000 so we can assume $142,250 was a fair market value then The home is not near a flood zone. The link below is to the Google satellite image of the property. To the northeast there are some mobile homes and behind the two mobile homes it looks like a barn with junk cars around it. To the east at the end of the rod there is a large junk yard. http://maps.google.com/maps?q=25585+PUTMAN+CIRCLE,+35620&hl=en&ll=34.928366,-86.876997&spn=0.00395,0.010546&sll=37.0625,-95.677068&sspn=31.28862,86.396484&t=h&hnear=25585+Putman+Cir,+Elkmont,+Alabama+35620&z=17 The links below are to data on the schools that serve the house. http://www.schooldigger.com/go/AL/schools/0210002081/school.aspx http://www.schooldigger.com/go/AL/schools/0210000797/school.aspx This house does concern me. It is so far from the city it's going to be hard to re-sale when you eventually need to sell and I think it is priced way too high. The link below is to some other house in Northeast Madiosn County you may want to review. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115581006
Valley MLS Huntsville MLS search
Wednesday, June 20, 2012
Homes for sale in huntsville
Review of Huntsville homes for sale
June 20th, 2012 4:18 PM
I was able to preview Cameo this morning. It's a cute house on a great, wooded cul-de-sac lot that backs up to a little creek. With the exception of an old HVAC unit and a couple of other minor maintenance points, the house looks great.
I am really concerned about how small the second and third bedrooms are. Both are 11 x 10 and I think at least one is something other than a rectangle. The rooms are only suitable for a nursery / study. They really aren't large enough to be comfortably used as bedrooms.
The photo below shows the house is near but not in a flood zone. ( I have sold on this street before.)
Huntsville homes for sale flood map
Also there is some sort of cedar products woodworking plant across the creek and over the hill from the house. During business hours there is a low rumbling noise that you can hear from the back yard. It's not saws and it's not loud but it is constant.
Homes for sale in Huntsville
The link below is to the photo slideshow.
http://youtu.be/HER9SRQp9pA
In preparing for Saturday, I called the listing agent on the Kay Road house in Lacey's Spring. She said they were in the final stages of working out a contract and thought it would be sold within a day or so. It looks like this one is out of the running.
I will try to get to Somer Creek Homes for sale in Huntsville before dark tonight.
Huntsville MLS Valley MLS Visit www.Huntsville-Homes.com to search the Huntsville MLS and Valley MLS for Huntsville area Homes for sale.
June 20th, 2012 4:18 PM
I was able to preview Cameo this morning. It's a cute house on a great, wooded cul-de-sac lot that backs up to a little creek. With the exception of an old HVAC unit and a couple of other minor maintenance points, the house looks great.
I am really concerned about how small the second and third bedrooms are. Both are 11 x 10 and I think at least one is something other than a rectangle. The rooms are only suitable for a nursery / study. They really aren't large enough to be comfortably used as bedrooms.
The photo below shows the house is near but not in a flood zone. ( I have sold on this street before.)
Huntsville homes for sale flood map
Also there is some sort of cedar products woodworking plant across the creek and over the hill from the house. During business hours there is a low rumbling noise that you can hear from the back yard. It's not saws and it's not loud but it is constant.
Homes for sale in Huntsville
The link below is to the photo slideshow.
http://youtu.be/HER9SRQp9pA
In preparing for Saturday, I called the listing agent on the Kay Road house in Lacey's Spring. She said they were in the final stages of working out a contract and thought it would be sold within a day or so. It looks like this one is out of the running.
I will try to get to Somer Creek Homes for sale in Huntsville before dark tonight.
Huntsville MLS Valley MLS Visit www.Huntsville-Homes.com to search the Huntsville MLS and Valley MLS for Huntsville area Homes for sale.
Tuesday, March 13, 2012
Huntsville MLS
While investors shouldn't ignore other areas, Madison continues to be the first choice; Huntsville MLS
March 13th, 2012 11:02 AM
While investors shouldn't ignore other areas, Madison continues to be the first choice for most newcomers (tenants) to the area. Parts of Madison have developed a bit of a traffic problem relative to what Huntsville is accustomed to. We just have to be selective on the locations we consider.
Medicine Bend has alternate routes to Redstone Arsenal and Research Park that avoid congested areas. The proposed Madison Hospital just behind Medicine Bend has recently opened and there is related growth in the area.
There is talk of another base realignment and closure BRAC in 2013. If this does come to pass Huntsville is expected to have a substantial number of defense and support positions move into the area.
There is continued demand for rentals in all price ranges but lower priced homes have much higher turnover and maintenance expenses. There is a smaller tenant pool above $1,400. Investors should focus on properties that rent in the $1,000 to $1,400 range. To hit this target we can focus on homes with market values in the $140,000 to $200,000 range. For lower maintenance costs we need to filter for newer homes and should include pre-construction in our search. We also need to filter for full brick construction, again for lower maintenance costs.
The link below is to a handful of properties I found that might be candidates.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115490106
102 BROCKTON DRIVE is in the Oxford subdivision. It is located near the south end of County Line Road. It gives easy acess to Research Park and Redstone Arsenal via Highway 20 / Madison Boulevard. There are long term plans to add an eastbound ramp onto I 565 at County Line Road making acess easer. The neighborhood is located within about 3 miles of shopping.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115490107
Link to map of shopping.
http://maps.google.com/maps?q=publix,county+line+%40+browns+ferry,+madison+,+AL++&hl=en&ll=34.721297,-86.782036&spn=0.031676,0.084372&sll=34.714968,-86.768087&sspn=0.063356,0.168743&hq=publix,county+line+%40+browns+ferry,&hnear=Madison,+Alabama&t=h&z=14
The negatives on this property are that the homes were fairly cheaply built and marketed towards entry level buyers based on the" Big house, Little price." tag line. While the homes meet code they are plain as plain can be. There have been a number of foreclosures in the neighborhood in the past several years. The other negative is that he house is about 1,200' - 1,500' from a railroad track. While there isn't a grade crossing where trains will be sounding their horns, one can still hear the trains.
176 JARRETT LANE is in one of my favorite neighborhoods. We have a number of rentals in the neighborhood that have preformed well.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115490243
The link below is to the Google satellite image and street view of the property.
http://maps.google.com/maps?q=176+JARRETT+LANE,+MADISON,+AL+35758&hl=en&ll=34.72378,-86.759366&spn=0.0028,0.005273&sll=37.0625,-95.677068&sspn=31.28862,86.396484&hnear=176+Jarrett+Ln,+Madison,+Alabama+35758&t=h&z=18
The house backs up to a common area that is the beginning of a drainage creek, While the lot provides privacy, it does slope from the street down to the house. The times I have shown the house the buyers were concerned with storm runoff from the street. The property is not in a flood zone.
The house has been on the market since 09/29/10 with no price reductions. It is listed at $88 per square foot. The average sold price in the neighborhood since 03/01/11 was $91 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115490254
While this house might be a candidate, the concerns over storm runoff are a consideration. I think we can do better.
We do have two rentals in the neighborhood where the owner would consider selling. The best of the two is http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID= internet edit. He would need to sell at around $168,000 / $98 per square foot. This is well above the average sold price.
119 GRANTHAM CIRCLE in the Asbury subdivision is just north of the 102 Brockton property above.
http://maps.google.com/maps?q=119+GRANTHAM+CIRCLE,+MADISON,+AL+35756&hl=en&ll=34.689704,-86.788044&spn=0.007922,0.021093&hnear=Grantham+Cir,+Madison,+Limestone,+Alabama+35756&t=h&z=16
The neighborhood is similar to the Brockton house. The original builder was a high volume production builder focused on entry level homes. The quality of the homes is a couple of levels above the Brockton house.
There are a number of new construction, proposed construction homes in the ASHBURY neighborhood. Breland Homes a local high quality production builder bought out the project three years ago from the developer. These homes at 1655 HEALEY DRIVE, 202 HEALEY DRIVE, 200 HEALEY DRIVE and 2253 MIDDLEWICH DRIVE might be candidates for us. We need to be careful on lot selection and make sure that the bulk of homes in this part of the development will be the newer more marketable homes.
I have sold a number of Breland Homes and am impressed with the quality of the work and in their realtor / buyer friendly corporate mind set. They build an attractive home at a remarkably low price. The link below is to the builders webpage for the neighborhood.
http://www.brelandhomes.com/ashbury.htm
105 MIDDLEWICH DRIVE is competing with the new construction in ASHBURY and at $105 per square foot is priced above the better quality new homes.
We have several rentals in the neighborhood of 205 DE JAN ROAD but the location of the lot for the proposed construction concerns me. It backs up to a major traffic artery, County Line Road. We should pass on this property.
http://maps.google.com/maps?q=205+DE+JAN+ROAD,+MADISON,+AL+35758&hl=en&ll=34.739849,-86.78607&spn=0.003959,0.010546&sll=37.0625,-95.677068&sspn=31.28862,86.396484&hnear=205+De+Jan+Rd,+Madison,+Alabama+35758&t=h&z=17
The link below is to a withdrawn listing in the same neighborhood where the house rented for internet edit before selling.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID= internet edit
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID= internet edit
The link below is to the public record in the Huntsville MLS of where the current owner purchased the house at $139,000. Even if the seller had given me the lowest sales price they would accept, t I couldn't reveal it. I can however determine what their break even point on a sale would be. Assuming standard fees, costs and a $3,000 seller contribution to purchaser closing costs, they would have to sell at around $151,000 / If we dropped the total realtor fee to 4.5% their breakeven would be around $149,000 / $93 per square foot.
The average sold price for the past year was $89 per square foot with a range of $74 to $98 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115490726
When I drop out the $74 per square foot bank owned sale at 258 DE JAN ROAD the average sold price jumps to $92 per square foot. This house would be a fair but not a great purchase. If you have an interest I can approach the owner. He might be willing to take a loss.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115490732
113 BLANCHARD PLACE on Balch Road is abound 2 miles south of medicine bend just south of Columbia Elementary School. This is a good location, close to shopping and an easy commute to Redstone Arsenal and research Park. There are plans to connect Balch to I 565 eventually. This will make the neighborhood more accessible. As long as we pick a house away from the front of the neighborhood, traffic noise won't be a problem
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115490746
175 AMSTERDAM PLACE is in the same neighborhood. if the MLS mapping is correct the house backs up to open space.
113 BLANCHARD PLACE is in the same neighborhood and price range but doesn't have the open space.
We have a rental in the neighborhood that is rented for $1,225.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID= internet edit
The link below is to an old withdrawn listing of the house.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID= internet edit
The owners purchase was not recorded in the Huntsville MLS. The amount of down payment is not public record but the mortgage is. Unless I am missing something the purchase mortgage was internet edit. To clear that amount they would need to sell at around $ internet edit / $ internet edit per square foot. While thy may not accept that amount, the public records give us an idea of what they are into the house for.
http://probate.co.madison.al.us/LoadImage.aspx?sk=2 internet edit &format=PDF&ref=24c2729d- internet edit
The link below is to a summary of MLS activity in the neighborhood in the past year. The average sold price was $82 per square foot with a range of $79 to $85 per square foot. Again I don't know what seller is thinking on a net proceeds but this one might be worth a closer look.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID= internet edit
internet edit and internet edit are located in the same neighborhood and are listed at $89 and $91 per square foot.
internet edit in the same neighborhood is listed at $ internet edit per square foot it a four bedroom home and seems to be very well priced. This one deserves a closer look.
The house has been on and off the market since internet edit and was originally listed at $ internet edit. The Huntsville MLS doesn't have the currents owners purchase of the house recorded but probate records sow a 2003 purchase mortgage. The mortgage amount is not included in the recorded document.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20030926000785350&format=PDF&ref= internet edit
A mortgage release and then a new mortgage is recorded.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20100105000007920&format=PDF&ref= internet edit
The new internet edit mortgage was for $ internet edit
http://probate.co.madison.al.us/LoadImage.aspx?sk=20091223000792430&format=PDF&ref= internet edit
Unless I am missing something in probate records, they owe something less than $internet edit . Seller has room to negotiate if they have the motivation.
At the $ internet edit list price and a 20% down payment ($ internet edit) and a internet edit% mortgage rate the principle and interest payment will be $855.
The current annual taxes are $internet edit and are at the homestead rate. The investor taxes would be $internet edit or $internet edit per month.
If we estimate the annual insurance cost at $700 the monthly amount would be $58 for a total payment of $1,101. At a rental amount of $1,200 and 10% management fee your monthly proceeds would be $120 per month. for a net month proceeds of -$21.
The two variables we have some control over are the down payment and rental amounts. If we increased the down payment the principle and interest payment will drop $27 per $5,000 additional down payment.
The link below is to a summary of recent rented listings in the neighborhood. Based on the data we could push the rental amount to at least $1,250. In the peak summer season we might push to $1,300 or better.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID= internet edit
I did use an interest rate a little higher than your recent loan and did use the list price. I expect that the house could be purchased for fomenting less than list price.
102 OAK SHADE DRIVE, 122 FOREST GLADE DRIVE, 105 ALDERWOOD DRIVE and 106 ACACIA TRAIL DRIVE are all in the Old Ivey subdivision. While I like the general location as being close to Redstone Arsenal and Research Park I do have concerns. The lots are VERY small and some are sloping. I am always concerned about future foundation problems on lots where there has been fill added. The neighborhood is on a hill about .8 miles from a grade railroad crossing. There is no doubt about hearing the train. Of greater concern is the low income multi-family property just over the tracks. Two years ago there was a drug bust in what I thought was a great neighborhood. The bust was substantial enough to have made the news.
At first look 125 CHELSEA PARK ROW seems to be priced well above what the market will bear at $127 per square foot and the stained concrete floors won't appeal to everyone. The location off of Balch Road is good but the house is very close to a flood zone.
In the past year there have been no resales in the neighborhood. All of the sales at the following link were new construction. The average sold price was $106 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115496445
I did want to include a few properties in (close in) northeast Madison County. We moved to the area four years ago and regret having not moved sooner. Except when there is a wreck we can be at our downtown office in 15 - 20 min. Redstone Arsenal and Research Park are 5 - 10 min. further west. The schools here are good and there is basic shopping and a few restaurants in place. Before the economy crashed there were plans for a Target shopping center with about 50 stores. Ground preparation had already been done. There are long term plans to extend I 565 about 3 miles further east. The schools are good and there is still open space, mountains lakes and a river.
Be sure to consider the homes in Brooks Landing. I am partial to the location for easy acess and many of the lots have mountain views. The second link is to the builder's web page for the neighborhood.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115496504
http://www.brelandhomes.com/brooks-landing.htm
Brooks Landing Map.
http://maps.google.com/maps?q=1933+BROOKSLANDING+DRIVE,+HUNTSVILLE,+AL+35811&hl=en&ll=34.783074,-86.500769&spn=0.031652,0.084372&hnear=Brookslanding+Dr,+Huntsville,+Madison,+Alabama+35811&t=m&z=14
Brooks Landing Satellite;
http://maps.google.com/maps?q=1933+BROOKSLANDING+DRIVE,+HUNTSVILLE,+AL+35811&hl=en&ll=34.779267,-86.503944&spn=0.031653,0.084372&hnear=Brookslanding+Dr,+Huntsville,+Madison,+Alabama+35811&t=h&z=14
There is one listing on the street where I live,
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115496519
The house backs up to open space and has acess to the Flint River. The commercial operation to the northeast is a potable water plant. At the subject house there is no impact. At night there are pumps that run in the two buildings north of the house with the pool. You can hear the pumps from the houses in the curve to about 5 houses to the west.
http://maps.google.com/maps?q=209+RALEIGH+WAY,35811&hl=en&ll=34.785127,-86.48813&spn=0.003956,0.010546&sll=37.0625,-95.677068&sspn=31.28862,86.396484&hnear=209+Raleigh+Way,+Huntsville,+Alabama+35811&t=h&z=17
Comparables will be tough here. There haven't been any recent sales in this new addition
March 13th, 2012 11:02 AM
While investors shouldn't ignore other areas, Madison continues to be the first choice for most newcomers (tenants) to the area. Parts of Madison have developed a bit of a traffic problem relative to what Huntsville is accustomed to. We just have to be selective on the locations we consider.
Medicine Bend has alternate routes to Redstone Arsenal and Research Park that avoid congested areas. The proposed Madison Hospital just behind Medicine Bend has recently opened and there is related growth in the area.
There is talk of another base realignment and closure BRAC in 2013. If this does come to pass Huntsville is expected to have a substantial number of defense and support positions move into the area.
There is continued demand for rentals in all price ranges but lower priced homes have much higher turnover and maintenance expenses. There is a smaller tenant pool above $1,400. Investors should focus on properties that rent in the $1,000 to $1,400 range. To hit this target we can focus on homes with market values in the $140,000 to $200,000 range. For lower maintenance costs we need to filter for newer homes and should include pre-construction in our search. We also need to filter for full brick construction, again for lower maintenance costs.
The link below is to a handful of properties I found that might be candidates.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115490106
102 BROCKTON DRIVE is in the Oxford subdivision. It is located near the south end of County Line Road. It gives easy acess to Research Park and Redstone Arsenal via Highway 20 / Madison Boulevard. There are long term plans to add an eastbound ramp onto I 565 at County Line Road making acess easer. The neighborhood is located within about 3 miles of shopping.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115490107
Link to map of shopping.
http://maps.google.com/maps?q=publix,county+line+%40+browns+ferry,+madison+,+AL++&hl=en&ll=34.721297,-86.782036&spn=0.031676,0.084372&sll=34.714968,-86.768087&sspn=0.063356,0.168743&hq=publix,county+line+%40+browns+ferry,&hnear=Madison,+Alabama&t=h&z=14
The negatives on this property are that the homes were fairly cheaply built and marketed towards entry level buyers based on the" Big house, Little price." tag line. While the homes meet code they are plain as plain can be. There have been a number of foreclosures in the neighborhood in the past several years. The other negative is that he house is about 1,200' - 1,500' from a railroad track. While there isn't a grade crossing where trains will be sounding their horns, one can still hear the trains.
176 JARRETT LANE is in one of my favorite neighborhoods. We have a number of rentals in the neighborhood that have preformed well.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115490243
The link below is to the Google satellite image and street view of the property.
http://maps.google.com/maps?q=176+JARRETT+LANE,+MADISON,+AL+35758&hl=en&ll=34.72378,-86.759366&spn=0.0028,0.005273&sll=37.0625,-95.677068&sspn=31.28862,86.396484&hnear=176+Jarrett+Ln,+Madison,+Alabama+35758&t=h&z=18
The house backs up to a common area that is the beginning of a drainage creek, While the lot provides privacy, it does slope from the street down to the house. The times I have shown the house the buyers were concerned with storm runoff from the street. The property is not in a flood zone.
The house has been on the market since 09/29/10 with no price reductions. It is listed at $88 per square foot. The average sold price in the neighborhood since 03/01/11 was $91 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115490254
While this house might be a candidate, the concerns over storm runoff are a consideration. I think we can do better.
We do have two rentals in the neighborhood where the owner would consider selling. The best of the two is http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID= internet edit. He would need to sell at around $168,000 / $98 per square foot. This is well above the average sold price.
119 GRANTHAM CIRCLE in the Asbury subdivision is just north of the 102 Brockton property above.
http://maps.google.com/maps?q=119+GRANTHAM+CIRCLE,+MADISON,+AL+35756&hl=en&ll=34.689704,-86.788044&spn=0.007922,0.021093&hnear=Grantham+Cir,+Madison,+Limestone,+Alabama+35756&t=h&z=16
The neighborhood is similar to the Brockton house. The original builder was a high volume production builder focused on entry level homes. The quality of the homes is a couple of levels above the Brockton house.
There are a number of new construction, proposed construction homes in the ASHBURY neighborhood. Breland Homes a local high quality production builder bought out the project three years ago from the developer. These homes at 1655 HEALEY DRIVE, 202 HEALEY DRIVE, 200 HEALEY DRIVE and 2253 MIDDLEWICH DRIVE might be candidates for us. We need to be careful on lot selection and make sure that the bulk of homes in this part of the development will be the newer more marketable homes.
I have sold a number of Breland Homes and am impressed with the quality of the work and in their realtor / buyer friendly corporate mind set. They build an attractive home at a remarkably low price. The link below is to the builders webpage for the neighborhood.
http://www.brelandhomes.com/ashbury.htm
105 MIDDLEWICH DRIVE is competing with the new construction in ASHBURY and at $105 per square foot is priced above the better quality new homes.
We have several rentals in the neighborhood of 205 DE JAN ROAD but the location of the lot for the proposed construction concerns me. It backs up to a major traffic artery, County Line Road. We should pass on this property.
http://maps.google.com/maps?q=205+DE+JAN+ROAD,+MADISON,+AL+35758&hl=en&ll=34.739849,-86.78607&spn=0.003959,0.010546&sll=37.0625,-95.677068&sspn=31.28862,86.396484&hnear=205+De+Jan+Rd,+Madison,+Alabama+35758&t=h&z=17
The link below is to a withdrawn listing in the same neighborhood where the house rented for internet edit before selling.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID= internet edit
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID= internet edit
The link below is to the public record in the Huntsville MLS of where the current owner purchased the house at $139,000. Even if the seller had given me the lowest sales price they would accept, t I couldn't reveal it. I can however determine what their break even point on a sale would be. Assuming standard fees, costs and a $3,000 seller contribution to purchaser closing costs, they would have to sell at around $151,000 / If we dropped the total realtor fee to 4.5% their breakeven would be around $149,000 / $93 per square foot.
The average sold price for the past year was $89 per square foot with a range of $74 to $98 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115490726
When I drop out the $74 per square foot bank owned sale at 258 DE JAN ROAD the average sold price jumps to $92 per square foot. This house would be a fair but not a great purchase. If you have an interest I can approach the owner. He might be willing to take a loss.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115490732
113 BLANCHARD PLACE on Balch Road is abound 2 miles south of medicine bend just south of Columbia Elementary School. This is a good location, close to shopping and an easy commute to Redstone Arsenal and research Park. There are plans to connect Balch to I 565 eventually. This will make the neighborhood more accessible. As long as we pick a house away from the front of the neighborhood, traffic noise won't be a problem
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115490746
175 AMSTERDAM PLACE is in the same neighborhood. if the MLS mapping is correct the house backs up to open space.
113 BLANCHARD PLACE is in the same neighborhood and price range but doesn't have the open space.
We have a rental in the neighborhood that is rented for $1,225.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID= internet edit
The link below is to an old withdrawn listing of the house.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID= internet edit
The owners purchase was not recorded in the Huntsville MLS. The amount of down payment is not public record but the mortgage is. Unless I am missing something the purchase mortgage was internet edit. To clear that amount they would need to sell at around $ internet edit / $ internet edit per square foot. While thy may not accept that amount, the public records give us an idea of what they are into the house for.
http://probate.co.madison.al.us/LoadImage.aspx?sk=2 internet edit &format=PDF&ref=24c2729d- internet edit
The link below is to a summary of MLS activity in the neighborhood in the past year. The average sold price was $82 per square foot with a range of $79 to $85 per square foot. Again I don't know what seller is thinking on a net proceeds but this one might be worth a closer look.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID= internet edit
internet edit and internet edit are located in the same neighborhood and are listed at $89 and $91 per square foot.
internet edit in the same neighborhood is listed at $ internet edit per square foot it a four bedroom home and seems to be very well priced. This one deserves a closer look.
The house has been on and off the market since internet edit and was originally listed at $ internet edit. The Huntsville MLS doesn't have the currents owners purchase of the house recorded but probate records sow a 2003 purchase mortgage. The mortgage amount is not included in the recorded document.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20030926000785350&format=PDF&ref= internet edit
A mortgage release and then a new mortgage is recorded.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20100105000007920&format=PDF&ref= internet edit
The new internet edit mortgage was for $ internet edit
http://probate.co.madison.al.us/LoadImage.aspx?sk=20091223000792430&format=PDF&ref= internet edit
Unless I am missing something in probate records, they owe something less than $internet edit . Seller has room to negotiate if they have the motivation.
At the $ internet edit list price and a 20% down payment ($ internet edit) and a internet edit% mortgage rate the principle and interest payment will be $855.
The current annual taxes are $internet edit and are at the homestead rate. The investor taxes would be $internet edit or $internet edit per month.
If we estimate the annual insurance cost at $700 the monthly amount would be $58 for a total payment of $1,101. At a rental amount of $1,200 and 10% management fee your monthly proceeds would be $120 per month. for a net month proceeds of -$21.
The two variables we have some control over are the down payment and rental amounts. If we increased the down payment the principle and interest payment will drop $27 per $5,000 additional down payment.
The link below is to a summary of recent rented listings in the neighborhood. Based on the data we could push the rental amount to at least $1,250. In the peak summer season we might push to $1,300 or better.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID= internet edit
I did use an interest rate a little higher than your recent loan and did use the list price. I expect that the house could be purchased for fomenting less than list price.
102 OAK SHADE DRIVE, 122 FOREST GLADE DRIVE, 105 ALDERWOOD DRIVE and 106 ACACIA TRAIL DRIVE are all in the Old Ivey subdivision. While I like the general location as being close to Redstone Arsenal and Research Park I do have concerns. The lots are VERY small and some are sloping. I am always concerned about future foundation problems on lots where there has been fill added. The neighborhood is on a hill about .8 miles from a grade railroad crossing. There is no doubt about hearing the train. Of greater concern is the low income multi-family property just over the tracks. Two years ago there was a drug bust in what I thought was a great neighborhood. The bust was substantial enough to have made the news.
At first look 125 CHELSEA PARK ROW seems to be priced well above what the market will bear at $127 per square foot and the stained concrete floors won't appeal to everyone. The location off of Balch Road is good but the house is very close to a flood zone.
In the past year there have been no resales in the neighborhood. All of the sales at the following link were new construction. The average sold price was $106 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115496445
I did want to include a few properties in (close in) northeast Madison County. We moved to the area four years ago and regret having not moved sooner. Except when there is a wreck we can be at our downtown office in 15 - 20 min. Redstone Arsenal and Research Park are 5 - 10 min. further west. The schools here are good and there is basic shopping and a few restaurants in place. Before the economy crashed there were plans for a Target shopping center with about 50 stores. Ground preparation had already been done. There are long term plans to extend I 565 about 3 miles further east. The schools are good and there is still open space, mountains lakes and a river.
Be sure to consider the homes in Brooks Landing. I am partial to the location for easy acess and many of the lots have mountain views. The second link is to the builder's web page for the neighborhood.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115496504
http://www.brelandhomes.com/brooks-landing.htm
Brooks Landing Map.
http://maps.google.com/maps?q=1933+BROOKSLANDING+DRIVE,+HUNTSVILLE,+AL+35811&hl=en&ll=34.783074,-86.500769&spn=0.031652,0.084372&hnear=Brookslanding+Dr,+Huntsville,+Madison,+Alabama+35811&t=m&z=14
Brooks Landing Satellite;
http://maps.google.com/maps?q=1933+BROOKSLANDING+DRIVE,+HUNTSVILLE,+AL+35811&hl=en&ll=34.779267,-86.503944&spn=0.031653,0.084372&hnear=Brookslanding+Dr,+Huntsville,+Madison,+Alabama+35811&t=h&z=14
There is one listing on the street where I live,
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115496519
The house backs up to open space and has acess to the Flint River. The commercial operation to the northeast is a potable water plant. At the subject house there is no impact. At night there are pumps that run in the two buildings north of the house with the pool. You can hear the pumps from the houses in the curve to about 5 houses to the west.
http://maps.google.com/maps?q=209+RALEIGH+WAY,35811&hl=en&ll=34.785127,-86.48813&spn=0.003956,0.010546&sll=37.0625,-95.677068&sspn=31.28862,86.396484&hnear=209+Raleigh+Way,+Huntsville,+Alabama+35811&t=h&z=17
Comparables will be tough here. There haven't been any recent sales in this new addition
Friday, March 9, 2012
Huntsville MLS
Additional changes coming from FHA
March 9th, 2012 9:47 AM
Additional changes coming from FHA
Modify documentation requirements for self-employed borrowers.
Provide new guidance on disputed accounts.
Expand the current definition of family members for identity of interest transactions.
Self Employed Borrowers
A P&L and Balance sheet will now be required if more than a calendar quarter has elapsed since date of most recent calendar or fiscal-year end tax return was filed by the borrower - with no exceptions. Additionally, if the income used to qualify the borrower exceeds the 2 year average of tax returns, an audited P&L or signed quarterly tax returns obtained from IRS are required.
Handling of Disputed Accounts, Public Records
The mortgage application will no longer be referred to a DE underwriter for review due to disputed accounts, as long as these accounts meet both of the following conditions:
The total outstanding balance of all disputed credit accounts or collections are less than $1,000 and
Disputed credit accounts or collections are aged two years from date of last activity as indicated on the most recent credit report.
If the borrower has individual or multiple disputed credit accounts or collections with singular or cumulative balances equal to or greater than $1,000, the accounts must be resolved (e.g. payment arrangements with a minimum 3 months of verified payments as agreed) or paid in full, prior to, or at the time of closing.
Disputed credit accounts or collections resulting from identity theft, credit card theft, or unauthorized use, etc... will be excluded from the $1,000 limit under certain terms. The borrower will need to provide documentation that he filed an identity theft or police report to dispute the fraudulent charges. We will also need to provide documentation to show all disputed or collection accounts are resolved, verified as not a debt to the borrower, arrangements made for payment, or paid in full.
If the total outstanding balance of all collection accounts is less than $1,000, the borrower is not required to pay off the collection accounts as a condition of mortgage approval.
Identity Interest Transactions
The new purpose of Identity of Interest transactions, the definition of family members include:
child, parent, or grandparent
spouse
legally adopted son or daughter, including a child who is placed with the borrower by an authorized agency for legal adoption
foster child
brother, stepbrother
sister, stepsister
uncle, and
aunt
The new guidance will go into effect on case numbers assigned April 1, 2012
Keywords; Huntsville homes for sale Huntsville Alabama MLS search, Huntsville MLS Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.
March 9th, 2012 9:47 AM
Additional changes coming from FHA
Modify documentation requirements for self-employed borrowers.
Provide new guidance on disputed accounts.
Expand the current definition of family members for identity of interest transactions.
Self Employed Borrowers
A P&L and Balance sheet will now be required if more than a calendar quarter has elapsed since date of most recent calendar or fiscal-year end tax return was filed by the borrower - with no exceptions. Additionally, if the income used to qualify the borrower exceeds the 2 year average of tax returns, an audited P&L or signed quarterly tax returns obtained from IRS are required.
Handling of Disputed Accounts, Public Records
The mortgage application will no longer be referred to a DE underwriter for review due to disputed accounts, as long as these accounts meet both of the following conditions:
The total outstanding balance of all disputed credit accounts or collections are less than $1,000 and
Disputed credit accounts or collections are aged two years from date of last activity as indicated on the most recent credit report.
If the borrower has individual or multiple disputed credit accounts or collections with singular or cumulative balances equal to or greater than $1,000, the accounts must be resolved (e.g. payment arrangements with a minimum 3 months of verified payments as agreed) or paid in full, prior to, or at the time of closing.
Disputed credit accounts or collections resulting from identity theft, credit card theft, or unauthorized use, etc... will be excluded from the $1,000 limit under certain terms. The borrower will need to provide documentation that he filed an identity theft or police report to dispute the fraudulent charges. We will also need to provide documentation to show all disputed or collection accounts are resolved, verified as not a debt to the borrower, arrangements made for payment, or paid in full.
If the total outstanding balance of all collection accounts is less than $1,000, the borrower is not required to pay off the collection accounts as a condition of mortgage approval.
Identity Interest Transactions
The new purpose of Identity of Interest transactions, the definition of family members include:
child, parent, or grandparent
spouse
legally adopted son or daughter, including a child who is placed with the borrower by an authorized agency for legal adoption
foster child
brother, stepbrother
sister, stepsister
uncle, and
aunt
The new guidance will go into effect on case numbers assigned April 1, 2012
Keywords; Huntsville homes for sale Huntsville Alabama MLS search, Huntsville MLS Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.
Tuesday, March 6, 2012
huntsville mls
Huntsville MLS; Preview and photography of Huntsville homes for sale
March 6th, 2012 11:39 AM
I went to preview and photograph the house on dry creek cove. It is a nice but somewhat dated home. You can form an opinion yourself but the concerns I have are that the heat on the main floor is propane. This can be pretty expensive and the price of propane varies seasonally. You have to keep an eye on your supply and order a few weeks before it has to be filled.
I could feel that the floors were very uneven . One of the photos shows the waviness in the upstairs bedroom. Other photos show where the door has been rubbing on the fame. This is a sure sign the house has settled.
The heating and cooling units are probably original to the house and look pretty old. I couldn't find a date on the information plate but if we get that far my HVAC man can tell us how old they are.
The air filters and grills are dirty. It's important to keep these clean to avoid compressor damage.
It was dark and hard to see but there may be burn marks around the air intake of the propane water heater. I'm not sure what that means. It could just need the jets cleaned.
The seal is broken in the double pane glass window in the room between the kitchen and laundry. There is moisture between the panes of glass.
The sheet rock tape in the garage ceiling is coming loose. This could be a sign of moisture but could be anything.
There is some unusual damage to teh front wall of the garage.
The back deck is showing some age and will need attention soon.
The mail level ceilings have been repainted but there is yellow showing through. There is no smoke smell in the house but it could be someone smoked inside and the nicotine stain is bleeding through. One area in the kitchen looks like there may have been some ceiling repair.
One of the bathroom vent fans is way noisy. There may be a fan bearing going bad or it could just be a noisy fan.
There is a doorstop in the master bedroom bathroom door. When I moved it the door closed. Again a sign the house has settled.
The insulation in the attic looks a little low.
I tried to get photos coming in and out of the neighborhood but it's hard to focus while driving.
http://www.visualtour.com/show.asp?T=2704089
http://youtu.be/7G8RnfjJTXI
Tomorrow looks much better for me to accept a cal, Anything before 4;00 central time. Just let me know when.
On the difference in price between this home and Dry Creek; Age and location are the two big factors. The Dry Creek schools aren't near as good and property values in Morgan County are not what they are in Madiosn County. In the photos I sent I tried to show the junk yard and Appalachian -American mobile homes and composting cars on the drive in.
I had to go back to 2005 to find any Huntsville MLS sales in the neighborhood. The link below is to a summary of those sales. The subject is listed at $66 per square foot and has been on market since 09/22/10 without selling. The owner had it on market for 92 days in 2006 without it selling. The average sold price was $67 per square foot with a range of $67 to $78 per square foot. All of the sales had land ranging from 5 to seven acres.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115407826
The link below is to the street view and satellite image of 23812 EAST CLEARMONT DRIVE
http://maps.google.com/maps?q=23812+EAST+CLEARMONT+DRIVE,+ELKMONT,+AL+35620&hl=en&ll=34.904417,-86.992557&spn=0.000442,0.002637&sll=37.0625,-95.677068&sspn=31.28862,86.396484&hnear=23812+E+Clearmont+Dr,+Elkmont,+Alabama+35620&t=h&z=19&layer=c&cbll=34.904417,-86.992558&panoid=t03pDjT76MtfeQxad7cz7g&cbp=11,128.53,,0,0
Google estimates 37 min to Redstone Arsenal but with traffic on Highway 72 I think that is unrealistic. It's probably safe to add 10 - 15 min.
http://maps.google.com/maps?saddr=AL-255+N&daddr=23812+E+Clearmont+Dr,+Elkmont,+AL+35620&hl=en&sll=34.790123,-86.813965&sspn=0.462402,1.349945&geocode=FSSlEQIdXoHV-g%3BFX2XFAIdQ5nQ-imhkZNU5fNiiDFbATF-Ext4qg&oq=redstone+&mra=dme&mrsp=0&sz=10&t=m&z=10
Look closer at the three parallel long buildings to the southwest. Zoom in on them. These have to some sort of commercial farm. It could be hogs but is probably chickens. If this is a commercial farm when the house is downwind it will be unpleasant.
http://maps.google.com/maps?q=23812+EAST+CLEARMONT+DRIVE,+ELKMONT,+AL+35620&hl=en&ll=34.899589,-86.996441&spn=0.014431,0.042186&sll=34.790123,-86.813965&sspn=0.462402,1.349945&hnear=23812+E+Clearmont+Dr,+Elkmont,+Alabama+35620&t=h&z=15
Here is the street view of the operation. I couldn't find a sign saying what it is.
http://maps.google.com/maps?q=23812+EAST+CLEARMONT+DRIVE,+ELKMONT,+AL+35620&hl=en&ll=34.899395,-87.002492&spn=0.000018,0.010546&sll=34.790123,-86.813965&sspn=0.462402,1.349945&hnear=23812+E+Clearmont+Dr,+Elkmont,+Alabama+35620&t=h&z=17&layer=c&cbll=34.899438,-87.002385&panoid=s682ktHanIibyyJq71JR3w&cbp=12,166.38,,0,0
10648 STEWART ROAD is under contract.
March 6th, 2012 11:39 AM
I went to preview and photograph the house on dry creek cove. It is a nice but somewhat dated home. You can form an opinion yourself but the concerns I have are that the heat on the main floor is propane. This can be pretty expensive and the price of propane varies seasonally. You have to keep an eye on your supply and order a few weeks before it has to be filled.
I could feel that the floors were very uneven . One of the photos shows the waviness in the upstairs bedroom. Other photos show where the door has been rubbing on the fame. This is a sure sign the house has settled.
The heating and cooling units are probably original to the house and look pretty old. I couldn't find a date on the information plate but if we get that far my HVAC man can tell us how old they are.
The air filters and grills are dirty. It's important to keep these clean to avoid compressor damage.
It was dark and hard to see but there may be burn marks around the air intake of the propane water heater. I'm not sure what that means. It could just need the jets cleaned.
The seal is broken in the double pane glass window in the room between the kitchen and laundry. There is moisture between the panes of glass.
The sheet rock tape in the garage ceiling is coming loose. This could be a sign of moisture but could be anything.
There is some unusual damage to teh front wall of the garage.
The back deck is showing some age and will need attention soon.
The mail level ceilings have been repainted but there is yellow showing through. There is no smoke smell in the house but it could be someone smoked inside and the nicotine stain is bleeding through. One area in the kitchen looks like there may have been some ceiling repair.
One of the bathroom vent fans is way noisy. There may be a fan bearing going bad or it could just be a noisy fan.
There is a doorstop in the master bedroom bathroom door. When I moved it the door closed. Again a sign the house has settled.
The insulation in the attic looks a little low.
I tried to get photos coming in and out of the neighborhood but it's hard to focus while driving.
http://www.visualtour.com/show.asp?T=2704089
http://youtu.be/7G8RnfjJTXI
Tomorrow looks much better for me to accept a cal, Anything before 4;00 central time. Just let me know when.
On the difference in price between this home and Dry Creek; Age and location are the two big factors. The Dry Creek schools aren't near as good and property values in Morgan County are not what they are in Madiosn County. In the photos I sent I tried to show the junk yard and Appalachian -American mobile homes and composting cars on the drive in.
I had to go back to 2005 to find any Huntsville MLS sales in the neighborhood. The link below is to a summary of those sales. The subject is listed at $66 per square foot and has been on market since 09/22/10 without selling. The owner had it on market for 92 days in 2006 without it selling. The average sold price was $67 per square foot with a range of $67 to $78 per square foot. All of the sales had land ranging from 5 to seven acres.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115407826
The link below is to the street view and satellite image of 23812 EAST CLEARMONT DRIVE
http://maps.google.com/maps?q=23812+EAST+CLEARMONT+DRIVE,+ELKMONT,+AL+35620&hl=en&ll=34.904417,-86.992557&spn=0.000442,0.002637&sll=37.0625,-95.677068&sspn=31.28862,86.396484&hnear=23812+E+Clearmont+Dr,+Elkmont,+Alabama+35620&t=h&z=19&layer=c&cbll=34.904417,-86.992558&panoid=t03pDjT76MtfeQxad7cz7g&cbp=11,128.53,,0,0
Google estimates 37 min to Redstone Arsenal but with traffic on Highway 72 I think that is unrealistic. It's probably safe to add 10 - 15 min.
http://maps.google.com/maps?saddr=AL-255+N&daddr=23812+E+Clearmont+Dr,+Elkmont,+AL+35620&hl=en&sll=34.790123,-86.813965&sspn=0.462402,1.349945&geocode=FSSlEQIdXoHV-g%3BFX2XFAIdQ5nQ-imhkZNU5fNiiDFbATF-Ext4qg&oq=redstone+&mra=dme&mrsp=0&sz=10&t=m&z=10
Look closer at the three parallel long buildings to the southwest. Zoom in on them. These have to some sort of commercial farm. It could be hogs but is probably chickens. If this is a commercial farm when the house is downwind it will be unpleasant.
http://maps.google.com/maps?q=23812+EAST+CLEARMONT+DRIVE,+ELKMONT,+AL+35620&hl=en&ll=34.899589,-86.996441&spn=0.014431,0.042186&sll=34.790123,-86.813965&sspn=0.462402,1.349945&hnear=23812+E+Clearmont+Dr,+Elkmont,+Alabama+35620&t=h&z=15
Here is the street view of the operation. I couldn't find a sign saying what it is.
http://maps.google.com/maps?q=23812+EAST+CLEARMONT+DRIVE,+ELKMONT,+AL+35620&hl=en&ll=34.899395,-87.002492&spn=0.000018,0.010546&sll=34.790123,-86.813965&sspn=0.462402,1.349945&hnear=23812+E+Clearmont+Dr,+Elkmont,+Alabama+35620&t=h&z=17&layer=c&cbll=34.899438,-87.002385&panoid=s682ktHanIibyyJq71JR3w&cbp=12,166.38,,0,0
10648 STEWART ROAD is under contract.
Wednesday, November 2, 2011
Huntsville MLS short sales
Huntsville MLS Short sales are especially difficult
November 2nd, 2011 8:09 AM
You may experienced in purchasing short sales and foreclosure homes but if you aren’t I wanted to prepare you for some of the hurdles;
Short sales are especially difficult in that we may have to wait weeks if not months to hear back from the lender on offers. Because it takes so long for the lender to respond there may be multiple offers. Some lenders are fairly efficient but most aren’t.
On foreclosures we need to take a close look at the property condition and compare it’s price to that of recent Huntsville MLS comparable sales. Often foreclosures are not priced well and it takes the lender many months to over a year to lower the price to what the market will bear. Foreclosure properties are also more difficult to finance. In Alabama the borrower who lost the house or his assignee have the right to redeem the property for one year from the date of the sale. Properties are rarely redeemed but lenders require a redemption bond to protect their interests from the possibility of redemption. The last bond I was party to cost around $2,200.
Downtown Huntsville
Short sales are especially difficult in that we may have to wait weeks if not months to hear back from the lender on offers; Huntsville MLS November 2, 2011
Filed under: huntsville mls,mls huntsville — Philip Winburn @ 12:06 pm Tags: Huntsville MLS, Huntsville MLS Search
November 2nd, 2011 8:09 AM
You may experienced in purchasing short sales and foreclosure homes but if you aren’t I wanted to prepare you for some of the hurdles;
Short sales are especially difficult in that we may have to wait weeks if not months to hear back from the lender on offers. Because it takes so long for the lender to respond there may be multiple offers. Some lenders are fairly efficient but most aren’t.
On foreclosures we need to take a close look at the property condition and compare it’s price to that of recent Huntsville MLS comparable sales. Often foreclosures are not priced well and it takes the lender many months to over a year to lower the price to what the market will bear. Foreclosure properties are also more difficult to finance. In Alabama the borrower who lost the house or his assignee have the right to redeem the property for one year from the date of the sale. Properties are rarely redeemed but lenders require a redemption bond to protect their interests from the possibility of redemption. The last bond I was party to cost around $2,200.
Downtown Huntsville
Short sales are especially difficult in that we may have to wait weeks if not months to hear back from the lender on offers; Huntsville MLS November 2, 2011
Filed under: huntsville mls,mls huntsville — Philip Winburn @ 12:06 pm Tags: Huntsville MLS, Huntsville MLS Search
Monday, October 31, 2011
huntsville mls
Huntsville MLS search 3083 OLD HWY 431
October 31st, 2011 10:48 AM
On 3083 OLD HWY 431;
Huntsville MLS search image
The house does look decent at first glance and may be worth a look. I know it’s been on market a LONG time. The first posting was 07/01/10 with WELLMAN PROPERTIES, INC at the owner. It was re-listed in the Huntsville MLS on 05/11/11 at $89,900 with WORTHINGTON FEDERAL BANK as the owner.
The link below is to the Google satellite image of the home. Zoom out a bit to see the surrounding area.
http://maps.google.com/maps?q=3083+OLD+HWY+431,+OWENS+CROSS+ROADS,+AL+35763&hl=en&ll=34.586172,-86.458362&spn=0.000496,0.001802&sll=37.0625,-95.677068&sspn=31.28862,84.814453&vpsrc=6&hnear=3083+Old+Highway+431,+Owens+Cross+Roads,+Alabama+35763&t=h&z=20
The link below is to the Google street view where you can pan, zoom and increment up and down the road to see the surrounding area.
http://maps.google.com/maps?q=3083+OLD+HWY+431,+OWENS+CROSS+ROADS,+AL+35763&hl=en&ll=34.586275,-86.458953&spn=0.000009,0.00721&sll=37.0625,-95.677068&sspn=31.28862,84.814453&vpsrc=6&hnear=3083+Old+Highway+431,+Owens+Cross+Roads,+Alabama+35763&t=h&z=18&layer=c&cbll=34.586048,-86.45895&panoid=Z2b789SmZDDGH8kMKlSE-A&cbp=12,54.4,,0,0
Location on this home is questionable. It’s pretty far out of the city. While schools are not important to you they will be on an eventual re-sale The primary school is considered good but the high school is not the greatest.
Huntsville MLS search 3083 OLD HWY 431 October 31, 2011
Filed under: huntsville mls,mls huntsville
Tags: Huntsville MLS
October 31st, 2011 10:48 AM
On 3083 OLD HWY 431;
Huntsville MLS search image
The house does look decent at first glance and may be worth a look. I know it’s been on market a LONG time. The first posting was 07/01/10 with WELLMAN PROPERTIES, INC at the owner. It was re-listed in the Huntsville MLS on 05/11/11 at $89,900 with WORTHINGTON FEDERAL BANK as the owner.
The link below is to the Google satellite image of the home. Zoom out a bit to see the surrounding area.
http://maps.google.com/maps?q=3083+OLD+HWY+431,+OWENS+CROSS+ROADS,+AL+35763&hl=en&ll=34.586172,-86.458362&spn=0.000496,0.001802&sll=37.0625,-95.677068&sspn=31.28862,84.814453&vpsrc=6&hnear=3083+Old+Highway+431,+Owens+Cross+Roads,+Alabama+35763&t=h&z=20
The link below is to the Google street view where you can pan, zoom and increment up and down the road to see the surrounding area.
http://maps.google.com/maps?q=3083+OLD+HWY+431,+OWENS+CROSS+ROADS,+AL+35763&hl=en&ll=34.586275,-86.458953&spn=0.000009,0.00721&sll=37.0625,-95.677068&sspn=31.28862,84.814453&vpsrc=6&hnear=3083+Old+Highway+431,+Owens+Cross+Roads,+Alabama+35763&t=h&z=18&layer=c&cbll=34.586048,-86.45895&panoid=Z2b789SmZDDGH8kMKlSE-A&cbp=12,54.4,,0,0
Location on this home is questionable. It’s pretty far out of the city. While schools are not important to you they will be on an eventual re-sale The primary school is considered good but the high school is not the greatest.
Huntsville MLS search 3083 OLD HWY 431 October 31, 2011
Filed under: huntsville mls,mls huntsville
Tags: Huntsville MLS
Huntsville mls investment
Huntsville MLS investment property
October 31st, 2011 8:09 AM
In the second section of the listing it shows 8 units, 2 bedrooms each withrents at $325.
Late afternoon on Huntsville's Monte Sano
The income and expense information from the listing below is incomplete. Wewould need to get the rent rolls to confirm expenses and vacancies but thelisting states.
Gross Income: $33,228Vacancy: $0Taxes: $1,211Insurance:Gas & Elec: $0Water & Sewer: $0Waste Remov: $456Maintenance:Management:Other Exp: $480Total Exp:Net Op Income:
Unless you are an experienced landlord, managing low income apartments willbe hard. We manage almost 400 properties and regularly turn down lowerincome multi-family property. Even as professional property managers withresources, experience and a great Tenant Landlord Law attorney. Managing lowincome property is a bad business decision. It uses way too many resourcesfor minimal return.
If you are looking for multi-family my counsel would be to look in a litterhigher price range
This unit has been on the market since 08/18/11 without selling. It lastsold for $192,000 on 06/28/07.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114948678
Huntsville Downtown Huntsville
From selling at $192,000 to being listed at $150,000 for three monthswithout selling might be an indication the neighborhood is in decline.
I review available multifamily homes for investor clients and the only on onthe Huntsville MLS market I could really reccomend them reviewing is.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114948679
I think it’s priced a little high for the market but it is in a stable area.
My preference is single family property. Its more liquid, has betterappreciation and is much easier to manage. The cash flow is not as good asmulti-family but it’s a much safer investment.
Huntsville skyline
Huntsville MLS investment property October 31, 2011
Filed under: huntsville alabama mls,huntsville mls,mls huntsville
Tags: HUntsville AL MLS, Huntsville MLS, Huntsville MLS Search, mls huntsville
October 31st, 2011 8:09 AM
In the second section of the listing it shows 8 units, 2 bedrooms each withrents at $325.
Late afternoon on Huntsville's Monte Sano
The income and expense information from the listing below is incomplete. Wewould need to get the rent rolls to confirm expenses and vacancies but thelisting states.
Gross Income: $33,228Vacancy: $0Taxes: $1,211Insurance:Gas & Elec: $0Water & Sewer: $0Waste Remov: $456Maintenance:Management:Other Exp: $480Total Exp:Net Op Income:
Unless you are an experienced landlord, managing low income apartments willbe hard. We manage almost 400 properties and regularly turn down lowerincome multi-family property. Even as professional property managers withresources, experience and a great Tenant Landlord Law attorney. Managing lowincome property is a bad business decision. It uses way too many resourcesfor minimal return.
If you are looking for multi-family my counsel would be to look in a litterhigher price range
This unit has been on the market since 08/18/11 without selling. It lastsold for $192,000 on 06/28/07.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114948678
Huntsville Downtown Huntsville
From selling at $192,000 to being listed at $150,000 for three monthswithout selling might be an indication the neighborhood is in decline.
I review available multifamily homes for investor clients and the only on onthe Huntsville MLS market I could really reccomend them reviewing is.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114948679
I think it’s priced a little high for the market but it is in a stable area.
My preference is single family property. Its more liquid, has betterappreciation and is much easier to manage. The cash flow is not as good asmulti-family but it’s a much safer investment.
Huntsville skyline
Huntsville MLS investment property October 31, 2011
Filed under: huntsville alabama mls,huntsville mls,mls huntsville
Tags: HUntsville AL MLS, Huntsville MLS, Huntsville MLS Search, mls huntsville
Friday, October 28, 2011
Huntsville MLS search investment property
Huntsville MLS search for investment property in Huntsville
October 28th, 2011 2:09 PM
Huntsville MLS search image
I searched the Huntsville MLS for viable multi-family property. Out of over 80 available properties the one at the link below is the only one I saw that is worth considering. The others are in bad areas,
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114941424
It has been on market since 08/19/11. There link below is to where the current owner bought the unit 9/24/10 for $130,000.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114941426
The link below is to a summary of MLS activity in the neighborhood since 01/01/09. There is not really any relevant data in the sales but I think $199,000 is well above waht the market will bear.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114941432
Depending on how much work the current owner had to do to the building when he bough it, his break even point on a sale will be in the $140,000 range.
The rents that are stated on teh listing look to be in line with what I would expect.
The link below is to the Google satellite image of the property.
http://maps.google.com/maps?q=2426+WYNTERHALL+ROAD,+HUNTSVILLE,+AL+35803&hl=en&ll=34.610853,-86.55334&spn=0.007929,0.028839&sll=37.0625,-95.677068&sspn=31.28862,84.814453&vpsrc=6&hnear=2426+Wynterhall+Rd+SE,+Huntsville,+Alabama+35803&t=h&z=16
While Google didn’t go down this portion of the street the link below is to the Google street view of the neighborhood.
http://maps.google.com/maps?q=2426+WYNTERHALL+ROAD,+HUNTSVILLE,+AL+35803&hl=en&ll=34.609776,-86.551881&spn=0.000035,0.028839&sll=37.0625,-95.677068&sspn=31.28862,84.814453&vpsrc=6&hnear=2426+Wynterhall+Rd+SE,+Huntsville,+Alabama+35803&t=h&z=16&layer=c&cbll=34.609749,-86.551186&panoid=uikMp88Il_RHusggvYDQWw&cbp=12,90,,0,0
Please let me know if I can do additional research on this property for you.
Moontown Airport fly-in Russian wwII fighter
We just picked up the townhouse below as a rental. We are getting decent activity at $795. It’s not on the market for sale but the owner would sell, She is asking $95,000.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114941439
The link below is to the old MLS listing where the current owner bought the house in 2005 for $70,000. Her break even point on a sale would be in the $80,000 range. I don’t know what she would take for the unit but let me know if it interests you.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114941442
The link below is to some foreclosed single family properties that might be worth a closer look.
October 28th, 2011 2:09 PM
Huntsville MLS search image
I searched the Huntsville MLS for viable multi-family property. Out of over 80 available properties the one at the link below is the only one I saw that is worth considering. The others are in bad areas,
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114941424
It has been on market since 08/19/11. There link below is to where the current owner bought the unit 9/24/10 for $130,000.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114941426
The link below is to a summary of MLS activity in the neighborhood since 01/01/09. There is not really any relevant data in the sales but I think $199,000 is well above waht the market will bear.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114941432
Depending on how much work the current owner had to do to the building when he bough it, his break even point on a sale will be in the $140,000 range.
The rents that are stated on teh listing look to be in line with what I would expect.
The link below is to the Google satellite image of the property.
http://maps.google.com/maps?q=2426+WYNTERHALL+ROAD,+HUNTSVILLE,+AL+35803&hl=en&ll=34.610853,-86.55334&spn=0.007929,0.028839&sll=37.0625,-95.677068&sspn=31.28862,84.814453&vpsrc=6&hnear=2426+Wynterhall+Rd+SE,+Huntsville,+Alabama+35803&t=h&z=16
While Google didn’t go down this portion of the street the link below is to the Google street view of the neighborhood.
http://maps.google.com/maps?q=2426+WYNTERHALL+ROAD,+HUNTSVILLE,+AL+35803&hl=en&ll=34.609776,-86.551881&spn=0.000035,0.028839&sll=37.0625,-95.677068&sspn=31.28862,84.814453&vpsrc=6&hnear=2426+Wynterhall+Rd+SE,+Huntsville,+Alabama+35803&t=h&z=16&layer=c&cbll=34.609749,-86.551186&panoid=uikMp88Il_RHusggvYDQWw&cbp=12,90,,0,0
Please let me know if I can do additional research on this property for you.
Moontown Airport fly-in Russian wwII fighter
We just picked up the townhouse below as a rental. We are getting decent activity at $795. It’s not on the market for sale but the owner would sell, She is asking $95,000.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114941439
The link below is to the old MLS listing where the current owner bought the house in 2005 for $70,000. Her break even point on a sale would be in the $80,000 range. I don’t know what she would take for the unit but let me know if it interests you.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114941442
The link below is to some foreclosed single family properties that might be worth a closer look.
Thursday, October 27, 2011
rural Huntsville MLS
Huntsville MLS review of rural Huntsville homes for sale October 27, 2011
October 27th, 2011 7:45 AM
We went to xxx yesterday to consider managing it as a rental. It may not be the best candidate for you. The house and land itself are attractive and pleasant I was however surprised at the amount of traffic, the speed and the noise of the traffic. The house is close to the road and while it’s quiet inside, outside is anything but peaceful.
While schools aren’t an issue for you personally, at an eventual resale they will be an issue. The high school has average rankings and the elementary school is quite good.
http://www.schooldigger.com/go/AL/schools/02480016OO0/school.aspx
http://www.schooldigger.com/go/AL/schools/0248001KIJH/school.aspx
The house went on the market 10/23/10 for $259,900. On 07/10/11 the price dropped to the current $249,900.
The link below is to the Huntsville MLS listing where the current owner bought the house on 05/12/06 for $230,000. Assuming normal seller transaction costs and contributions the seller’s breakeven point on a sale is in the $249,000 range. (The current list price.) It looks like the seller and listing agent did the same calculations as I did.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=711UUY87098IU87Y
The link below is to the slide show of the photos.
http://www.youtube.com/watch?v=8HQNHcW_NXU
XXX is not on the market but the owner is considering selling.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=0098765543453
When I asked him about the sale price he indicated:
I can sell it as is which comes with X acres and keep my other piece of property roughly XXX acres next to the driveway. Or I can sell it all together. I paid XXXXXX for the house in XXXX and XXXX for the land in XXXX. I don’t want to pay to get out
Based on this and assuming some standard seller costs he would need to sell in the XXXXXXXXrange for both the house and lot plus the additional .XXXX
I’m pretty sure the link below is to the satellite image of the property pre construction.
http://maps.google.com/maps?q=tuytheywhwnwrhwrhrwyi,-86.661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn=0.003962OOIUY&sll=34.659952,-86.391034&sspn=0.IIUYHVFG&vpsrc=6&hnear=IIJH&t=h&z=55
What I think is the street view.
http://maps.google.com/maps?q=utiwhtrnatth775hhqyrnen&ll=34.661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn=0.003962OOIUY&sll=34.659952,-86.391034&sspn=0.IIUYHVFG&vpsrc=6&hnear=IIJH&t=h&z=55hnear=hhrryryhegrgryrh65474264n542jk4h2h&t=h&z=17&layer=c&cbll=34MMM,-86.395207&panoid=ruSAdBDXXTRpqfiXYl0NMQ&cbpkkjruaRHBBRB.21,,0,0
Google estimates at 31 Min. Commute to Redstone.
http://maps.google.com/maps?saddr=YTHTR 6427652N009IKEJRNTRBTHTGWB,-86.51262&sspn=0.253439,0.662613&661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn-g%3BFWveEAIdOOIIJZ-HHYGT=0&mra=dme&mrsp=0&09876h&z=11
xxxx in Morgan County has 4.10 acres and a large outbuilding that was used to run a construction building.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=710090987654R54E
The owner approached me about leasing it for him as it hasn’t sold since being on market since 10/23/10. The owner said there were two wet weather creeks that ran most of the year. He said that the house sites close to the road which turned off some prospective buyers.
The link below is to the Google satellite image and street view. There may be some mobile homes across the street.
http://maps.google.com/maps?q=YYUHTFDDJJLLL;;88UY7IFG=en&ll=34.476175,-86.599715&spn=0.000496,0.001294&sll661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn=37.0625,-95.677068&sspn=31.28862,84.814453&vpsrc=6&hnear=HHUGFDRGGG+35175&t=h&z=20
Google indicates at 19 min. commute to Redstone Arsenal.
http://maps.google.com/maps?saddr=661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn=2900+JTUHATRNATHALTHAUTBAKJFABHURURU,+AL+35175&hl=en&sll=34.617952,-86.594925&LLsspn=0.12686,0.331306LO&geocode=FcciNNHGFDDDDEAIdGpnW-g%3BFY0QDgIdIZfW-im3WUZuQnViiDGmHTIQw_4fxg&vpsrc=0&mra=dme&mrsp=0&sz=12&t=h&z=12
Please let me know if I need to follow-up on either of these two properties.
64 WILJOY CIRCLE is in a development of similar properties. I showed it several months ago and it didn’t look as good as it does in the photos. I didn’t think it was a strong match for your needs but wanted to point it out just in case.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=71100OOIJHB35
I will preview XX Road for you in the next few days. I haven’t heard from the listing agent on .XXX
XXX has been on market since 10/20/11. The current owner bought the house in 1998 for $186,200.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114920484
The closest flood zone is about 7,000 feet away.
The link below is to the Google satellite image of the house.
http://maps.google.com/maps?q=723 95.677068&sspn=14.20984,63.193359&vpsrc=6&hnear=723+661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn+35739&t=h&z=19
Note that wile the realtors photos don’t show it the Google street view shows a gravel drive beside the concrete drive for parking a semi.
While the properties immediately surrounding the house are comparable there is what appears to be a junky mobile home on Macedonia Road about 500' from the subject property “A”. At “B” there is a smaller house with seven cars parked at the house.
Given the distance from the subject house and that most surrounding properties are comparable, I think the immediate neighborhood should be acceptable.
The house is about 2,000' ft from Highway 53 and there will be some traffic noise in the distance.
http://maps.google.com/maps?q=,+AL+35739&hl=en&ll=34.947408,-86.773496&spn=0.015794,0.041413&sll=34.949772,-86.77337&sspn=0.007897,0.020707&vpsrc=6&hnear=661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn+35739&t=h&z=15
Google estimates a 25 min. commute to Redstone Arsenal.
http://maps.google.com/maps?saddr=AL-255+N&daddr=661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn,+AL+35739&hl=en&sll=34.79728,-86.71077&sspn=0.506342,1.325226&geocode=Ff6xEQIdpIHV-g%3BFYxKFQIdhvHT-inFWp3mAltiiDFFZyqmTChAkQ&vpsrc=0&mra=dme&mrsp=0&sz=10&t=h&z=10
> Thank you for the information on the Rocky Road property. It is absolutely beautiful and we really love it, but I agree with your assessment that the lack of storage and a garage really doesn’t fit our needs, so I think we will drop it from our list.>> I presume that you haven’t heard from the realtor regarding the We’re still very interested in that one.
>>>> Please follow the link below to the slideshow of the photos I took yesterday.> > http://www.youtube.com/watch?v=6QYWDkW0g4A> > While the house is very attractive, it may not meet your needs. There is not a garage or a lot of storage.> > The house is built on the uphill corner of the lot close to the road. Except for the far side of the house from the street or downhill from the house, there is not room for an addition or garage. I researched the surrounding lots ownership. They are owned by a development company
October 27th, 2011 7:45 AM
We went to xxx yesterday to consider managing it as a rental. It may not be the best candidate for you. The house and land itself are attractive and pleasant I was however surprised at the amount of traffic, the speed and the noise of the traffic. The house is close to the road and while it’s quiet inside, outside is anything but peaceful.
While schools aren’t an issue for you personally, at an eventual resale they will be an issue. The high school has average rankings and the elementary school is quite good.
http://www.schooldigger.com/go/AL/schools/02480016OO0/school.aspx
http://www.schooldigger.com/go/AL/schools/0248001KIJH/school.aspx
The house went on the market 10/23/10 for $259,900. On 07/10/11 the price dropped to the current $249,900.
The link below is to the Huntsville MLS listing where the current owner bought the house on 05/12/06 for $230,000. Assuming normal seller transaction costs and contributions the seller’s breakeven point on a sale is in the $249,000 range. (The current list price.) It looks like the seller and listing agent did the same calculations as I did.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=711UUY87098IU87Y
The link below is to the slide show of the photos.
http://www.youtube.com/watch?v=8HQNHcW_NXU
XXX is not on the market but the owner is considering selling.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=0098765543453
When I asked him about the sale price he indicated:
I can sell it as is which comes with X acres and keep my other piece of property roughly XXX acres next to the driveway. Or I can sell it all together. I paid XXXXXX for the house in XXXX and XXXX for the land in XXXX. I don’t want to pay to get out
Based on this and assuming some standard seller costs he would need to sell in the XXXXXXXXrange for both the house and lot plus the additional .XXXX
I’m pretty sure the link below is to the satellite image of the property pre construction.
http://maps.google.com/maps?q=tuytheywhwnwrhwrhrwyi,-86.661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn=0.003962OOIUY&sll=34.659952,-86.391034&sspn=0.IIUYHVFG&vpsrc=6&hnear=IIJH&t=h&z=55
What I think is the street view.
http://maps.google.com/maps?q=utiwhtrnatth775hhqyrnen&ll=34.661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn=0.003962OOIUY&sll=34.659952,-86.391034&sspn=0.IIUYHVFG&vpsrc=6&hnear=IIJH&t=h&z=55hnear=hhrryryhegrgryrh65474264n542jk4h2h&t=h&z=17&layer=c&cbll=34MMM,-86.395207&panoid=ruSAdBDXXTRpqfiXYl0NMQ&cbpkkjruaRHBBRB.21,,0,0
Google estimates at 31 Min. Commute to Redstone.
http://maps.google.com/maps?saddr=YTHTR 6427652N009IKEJRNTRBTHTGWB,-86.51262&sspn=0.253439,0.662613&661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn-g%3BFWveEAIdOOIIJZ-HHYGT=0&mra=dme&mrsp=0&09876h&z=11
xxxx in Morgan County has 4.10 acres and a large outbuilding that was used to run a construction building.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=710090987654R54E
The owner approached me about leasing it for him as it hasn’t sold since being on market since 10/23/10. The owner said there were two wet weather creeks that ran most of the year. He said that the house sites close to the road which turned off some prospective buyers.
The link below is to the Google satellite image and street view. There may be some mobile homes across the street.
http://maps.google.com/maps?q=YYUHTFDDJJLLL;;88UY7IFG=en&ll=34.476175,-86.599715&spn=0.000496,0.001294&sll661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn=37.0625,-95.677068&sspn=31.28862,84.814453&vpsrc=6&hnear=HHUGFDRGGG+35175&t=h&z=20
Google indicates at 19 min. commute to Redstone Arsenal.
http://maps.google.com/maps?saddr=661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn=2900+JTUHATRNATHALTHAUTBAKJFABHURURU,+AL+35175&hl=en&sll=34.617952,-86.594925&LLsspn=0.12686,0.331306LO&geocode=FcciNNHGFDDDDEAIdGpnW-g%3BFY0QDgIdIZfW-im3WUZuQnViiDGmHTIQw_4fxg&vpsrc=0&mra=dme&mrsp=0&sz=12&t=h&z=12
Please let me know if I need to follow-up on either of these two properties.
64 WILJOY CIRCLE is in a development of similar properties. I showed it several months ago and it didn’t look as good as it does in the photos. I didn’t think it was a strong match for your needs but wanted to point it out just in case.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=71100OOIJHB35
I will preview XX Road for you in the next few days. I haven’t heard from the listing agent on .XXX
XXX has been on market since 10/20/11. The current owner bought the house in 1998 for $186,200.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114920484
The closest flood zone is about 7,000 feet away.
The link below is to the Google satellite image of the house.
http://maps.google.com/maps?q=723 95.677068&sspn=14.20984,63.193359&vpsrc=6&hnear=723+661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn+35739&t=h&z=19
Note that wile the realtors photos don’t show it the Google street view shows a gravel drive beside the concrete drive for parking a semi.
While the properties immediately surrounding the house are comparable there is what appears to be a junky mobile home on Macedonia Road about 500' from the subject property “A”. At “B” there is a smaller house with seven cars parked at the house.
Given the distance from the subject house and that most surrounding properties are comparable, I think the immediate neighborhood should be acceptable.
The house is about 2,000' ft from Highway 53 and there will be some traffic noise in the distance.
http://maps.google.com/maps?q=,+AL+35739&hl=en&ll=34.947408,-86.773496&spn=0.015794,0.041413&sll=34.949772,-86.77337&sspn=0.007897,0.020707&vpsrc=6&hnear=661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn+35739&t=h&z=15
Google estimates a 25 min. commute to Redstone Arsenal.
http://maps.google.com/maps?saddr=AL-255+N&daddr=661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn,+AL+35739&hl=en&sll=34.79728,-86.71077&sspn=0.506342,1.325226&geocode=Ff6xEQIdpIHV-g%3BFYxKFQIdhvHT-inFWp3mAltiiDFFZyqmTChAkQ&vpsrc=0&mra=dme&mrsp=0&sz=10&t=h&z=10
> Thank you for the information on the Rocky Road property. It is absolutely beautiful and we really love it, but I agree with your assessment that the lack of storage and a garage really doesn’t fit our needs, so I think we will drop it from our list.>> I presume that you haven’t heard from the realtor regarding the We’re still very interested in that one.
>>>> Please follow the link below to the slideshow of the photos I took yesterday.> > http://www.youtube.com/watch?v=6QYWDkW0g4A
Monday, October 24, 2011
Huntsville MLS
Alabama Real Estate
Huntsville MLS search; Research of rural home in Ardmore AL
October 24th, 2011 4:25 PM
723 Dozier has been on the Huntsville MLS since 10/20/11. The current owner bought the house in 1998 for $186,200.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114920484
The closest flood zone is about 7,000 feet away.
Flood and Contour Map
The link below is to the Google satellite image of the house.
http://maps.google.com/maps?q=723+DOZIER+ROAD,+ARDMORE,+AL+35739&hl=en&ll=34.948758,-86.773512&spn=0.000987,0.003605&sll=37.0625,-95.677068&sspn=14.20984,63.193359&vpsrc=6&hnear=723+Dozier+Rd,+Ardmore,+Alabama+35739&t=h&z=19
Note that while the realtors photos don’t show it the Google street view shows a gravel drive beside the concrete drive for parking a semi.
Google Street View of Huntsville home for sale
While the properties immediately surrounding the house are comparable there is what appears to be a junky mobile home on Macedonia Road about 500' from the subject property “A”. At “B” there is a smaller house with seven cars parked at the house.
Google Sat. Image of surrounding homes
Given the distance from the subject house and that most surrounding properties are comparable, I think the immediate neighborhood should be acceptable.
The house is about 2,000' ft from Highway 53 and there will be some traffic noise in the distance.
http://maps.google.com/maps?q=723+DOZIER+ROAD,+ARDMORE,+AL+35739&hl=en&ll=34.947408,-86.773496&spn=0.015794,0.041413&sll=34.949772,-86.77337&sspn=0.007897,0.020707&vpsrc=6&hnear=723+Dozier+Rd,+Ardmore,+Alabama+35739&t=h&z=15
Google estimates a 25 min. commute to Redstone Arsenal.
http://maps.google.com/maps?saddr=AL-255+N&daddr=723+DOZIER+ROAD,+ARDMORE,+AL+35739&hl=en&sll=34.79728,-86.71077&sspn=0.506342,1.325226&geocode=Ff6xEQIdpIHV-g%3BFYxKFQIdhvHT-inFWp3mAltiiDFFZyqmTChAkQ&vpsrc=0&mra=dme&mrsp=0&sz=10&t=h&z=10
Filed under: huntsville mls,huntsville mls search
Huntsville MLS search; Research of rural home in Ardmore AL
October 24th, 2011 4:25 PM
723 Dozier has been on the Huntsville MLS since 10/20/11. The current owner bought the house in 1998 for $186,200.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114920484
The closest flood zone is about 7,000 feet away.
Flood and Contour Map
The link below is to the Google satellite image of the house.
http://maps.google.com/maps?q=723+DOZIER+ROAD,+ARDMORE,+AL+35739&hl=en&ll=34.948758,-86.773512&spn=0.000987,0.003605&sll=37.0625,-95.677068&sspn=14.20984,63.193359&vpsrc=6&hnear=723+Dozier+Rd,+Ardmore,+Alabama+35739&t=h&z=19
Note that while the realtors photos don’t show it the Google street view shows a gravel drive beside the concrete drive for parking a semi.
Google Street View of Huntsville home for sale
While the properties immediately surrounding the house are comparable there is what appears to be a junky mobile home on Macedonia Road about 500' from the subject property “A”. At “B” there is a smaller house with seven cars parked at the house.
Google Sat. Image of surrounding homes
Given the distance from the subject house and that most surrounding properties are comparable, I think the immediate neighborhood should be acceptable.
The house is about 2,000' ft from Highway 53 and there will be some traffic noise in the distance.
http://maps.google.com/maps?q=723+DOZIER+ROAD,+ARDMORE,+AL+35739&hl=en&ll=34.947408,-86.773496&spn=0.015794,0.041413&sll=34.949772,-86.77337&sspn=0.007897,0.020707&vpsrc=6&hnear=723+Dozier+Rd,+Ardmore,+Alabama+35739&t=h&z=15
Google estimates a 25 min. commute to Redstone Arsenal.
http://maps.google.com/maps?saddr=AL-255+N&daddr=723+DOZIER+ROAD,+ARDMORE,+AL+35739&hl=en&sll=34.79728,-86.71077&sspn=0.506342,1.325226&geocode=Ff6xEQIdpIHV-g%3BFYxKFQIdhvHT-inFWp3mAltiiDFFZyqmTChAkQ&vpsrc=0&mra=dme&mrsp=0&sz=10&t=h&z=10
Filed under: huntsville mls,huntsville mls search
Saturday, October 22, 2011
Huntsville mls search rural homes
Huntsville MLS; Rural homes for sale in Huntsville October 22, 2011
Filed under: huntsville mls,huntsville mls search,valley mls — Philip Winburn @ 3:14 pm Edit ThisTags: Huntsville MLS, Huntsville MLS Search, Valley MLS
While the house is very attractive, it may not meet your needs. There is not a garage or a lot of storage.
The house is built on the uphill corner of the lot close to the road. Except for the far side of the house from the street or downhill from the house, there is not room for an addition or garage. I researched the surrounding lots ownership. They are owned by a development company.
I may be wrong but the unpaved road above the house may be acess to undeveloped lots.
Huntsville AL MLS search, Valley MLS, Huntsville AL MLS search, Valley MLS, Newcomer information Huntsville AL real estate homes for sale Huntsville. Moving to Huntsville.Huntsville MLS homes for sale real estate. Search the Huntsville MLS and request automated real estate search.
Filed under: huntsville mls,huntsville mls search,valley mls — Philip Winburn @ 3:14 pm Edit ThisTags: Huntsville MLS, Huntsville MLS Search, Valley MLS
While the house is very attractive, it may not meet your needs. There is not a garage or a lot of storage.
The house is built on the uphill corner of the lot close to the road. Except for the far side of the house from the street or downhill from the house, there is not room for an addition or garage. I researched the surrounding lots ownership. They are owned by a development company.
I may be wrong but the unpaved road above the house may be acess to undeveloped lots.
Huntsville AL MLS search, Valley MLS, Huntsville AL MLS search, Valley MLS, Newcomer information Huntsville AL real estate homes for sale Huntsville. Moving to Huntsville.Huntsville MLS homes for sale real estate. Search the Huntsville MLS and request automated real estate search.
Friday, October 21, 2011
Huntsville MLS
109 WESLEY CLARK BLVD has been on market since 10/19/11. The link below is to where the current owner bought he house 07/03/2003 for $320,000 / $76 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114904542
The flood maps show the house is over 2,000′ from the nearest flood zone.
The link below is to the Google satellite image of the house. It’s the fourth one down from Hardeman Road on Wesley Clark on the right side of the street.
http://maps.google.com/maps?q=Hardeman+Road,+Madison,+AL+35756&hl=en&ll=34.698446,-86.790072&spn=0.00198,0.006212&hnear=Hardeman+Rd,+Madison,+Limestone,+Alabama+35756&t=h&z=18&vpsrc=6
Pan to the right of the house an you can see the adjoining property faces County Line Road.
The link below is to the interactive street view.
http://maps.google.com/maps?q=Hardeman+Road,+Madison,+AL+35756&hl=en&ll=34.69812,-86.790758&spn=0.000018,0.012424&hnear=Hardeman+Rd,+Madison,+Limestone,+Alabama+35756&t=h&z=17&vpsrc=6&layer=c&cbll=34.698001,-86.790758&panoid=Fjct2OKaEfOehkcweeDvfA&cbp=12,62.47,,0,0
Since the house is in Limestone County ( but in the Madison City limits.) I had to go to the Limestone County tax records. There is not a map search feature to find ownership of a given plot but the map below shows one section of land adjacent to County Line Road.
My concern is that this land will eventually be developed for commercial use and you might loose the privacy.
The link below is to a summary of Huntsville MLS activity in the neighborhood since 10/01/10. The average sold price of the two sales was $94 per square foot with a narrow range of $94.75 to $94.04 per square foot. The average days on market was surprisingly low at 34 days with each property selling in 34 days.
At a list price of $91 per square foot the house is priced within the market range.
Huntsville MLS research market value
Huntsville Houses Real EstateWe 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.
Huntsville HousesWe 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.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114904542
The flood maps show the house is over 2,000′ from the nearest flood zone.
The link below is to the Google satellite image of the house. It’s the fourth one down from Hardeman Road on Wesley Clark on the right side of the street.
http://maps.google.com/maps?q=Hardeman+Road,+Madison,+AL+35756&hl=en&ll=34.698446,-86.790072&spn=0.00198,0.006212&hnear=Hardeman+Rd,+Madison,+Limestone,+Alabama+35756&t=h&z=18&vpsrc=6
Pan to the right of the house an you can see the adjoining property faces County Line Road.
The link below is to the interactive street view.
http://maps.google.com/maps?q=Hardeman+Road,+Madison,+AL+35756&hl=en&ll=34.69812,-86.790758&spn=0.000018,0.012424&hnear=Hardeman+Rd,+Madison,+Limestone,+Alabama+35756&t=h&z=17&vpsrc=6&layer=c&cbll=34.698001,-86.790758&panoid=Fjct2OKaEfOehkcweeDvfA&cbp=12,62.47,,0,0
Since the house is in Limestone County ( but in the Madison City limits.) I had to go to the Limestone County tax records. There is not a map search feature to find ownership of a given plot but the map below shows one section of land adjacent to County Line Road.
My concern is that this land will eventually be developed for commercial use and you might loose the privacy.
The link below is to a summary of Huntsville MLS activity in the neighborhood since 10/01/10. The average sold price of the two sales was $94 per square foot with a narrow range of $94.75 to $94.04 per square foot. The average days on market was surprisingly low at 34 days with each property selling in 34 days.
At a list price of $91 per square foot the house is priced within the market range.
Huntsville MLS research market value
Huntsville Houses Real EstateWe 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.
Huntsville HousesWe 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.
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