The link below is to the listings of the two properties your asked about. Both homes are located in established, stable Madison neighborhoods,http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7113874239101 ARABIAN DRIVE is located at the end of a cul-de-sac and backs up to another house and a strip mall that faces Highway 72 / University Drive. While the house is about 250' from the highway and has buildings between it and the highway, there will be noticeable traffic noise outside the house. I sold a house in the next cul-de-sac over a few years ago and there was some traffic noise at that house.The neighborhood is located at the north end of Madison and the traffic going south to Redstone Arsenal and Research Park is relatively heavy during rush hour. Compared to most cities Huntsville traffic is very modest.
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The house is listed at $82 psf and has been on market since 05/12/10 with several price reductions from the original $218,000 list price to the current $175,000. The listing went from being owned by an individual to being bank owned. The house was sold for $213,000 at the peak of Huntsville's real estate market in 2008. The link below is to a summary of MLS activity in the neighborhood since 02/01/10. Based on the limited data the subject house seems to be well priced. If you did decide to move forward with this property we will need to look for sales of comparable homes in surrounding neighborhoods to compare prices.
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http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7113874265 If the house is in good condition this might be a good choice for you. 101 GREEN FERN STREET is also located in an established north Madison neighborhood. It is within about a mile of the 101 ARABIAN DRIVE house. I know this house and have shown it a couple of times. It has been on and off the market since 07/07/09 and was originally listed at $237,000. My recollection is that it is in good condition but that it was originally listed for too much. It is on a corner lot at the main entrance to the subdivision. The left side of the lot is on Gooch Lane which has moderately high traffic. Huntsville AL MLS homes for sale real estate Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.
The link below is to a Google map of the location. http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=101+GREEN+FERN+STREET,53758&aq=&sll=34.740096,-86.752081&sspn=0.007758,0.020707&ie=UTF8&hq=&hnear=101+Green+Fern+St,+Madison,+Alabama+35758&ll=34.74439,-86.757633&spn=0.00194,0.005177&t=h&z=18 The link below is to a summary of MLS activity in the neighborhood. The subject is listed at $93 psf. The average sold price was $89 psf with a range of $71 to $97 psf. The subject property is nicer, has a pool and is ranch style while some of the comparables are two story homes. (Ranch style homes are usually a little more PSF than two story.) Even given those factors the subject house is probably priced higher than what the market will bear. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7113874270 Is there anything else I can be doing for you?
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