Homes for sale huntsville Huntsville Alabama Real Estate

?We have received several calls regarding the request for “wire transfers” into local escrow accounts from foreign purchasers. The types of calls are often “phishing” schemes that seek to acquire your banking information.

Be sure to confirm the legitimacy of the request before providing any information as it can prove to be a costly mistake.

Here is the info about the "buyers" who we feel are attempting to scam realtors. I'll give you all the information we have. They have contacted 3 of our agents so far.

Cash buyers.
Wants to see 124 Harness Drive.
Staying at Country Hearth Inns & Suites on Madison Blvd.
No car and wants the agent to pick them up @ 5pm at the hotel and take them to see the home.
Sold a house in Arizona 3 years ago.
Says the husband is retired military and they are going to start a business here but will not give any information about it.
Does not have email.
Talks a lot about building an "opulent" home and buying a "customized" car.

Keywords; Homes for sale in Huntsville, Huntsville homes for sale - Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes,

Huntsville AL Space and Rocket Center

Source Morgan Stanley, Cary Bay, Kristi Franks

Morgan Stanley Research released its latest real estate report, Housing 2.0: The New Rental Paradigm to provide market insights to investors. It’s interesting to know that the research team observes how more Americans have become renters instead of homeowners, attributing to different factors in the economy.

According to the recent Morgan Stanley report, there are roughly 40 million rental housing units in the country representing $6 trillion in asset value, half of which are single-family homes. The study explores how investors can participate in these opportunities and position themselves for the “change”
The company released a report just a few weeks ago saying now is a great time for institutional investors to snap up distressed single-family homes and turn them into long-term rental units. The company says the properties don’t compete with the classic apartment rental property, so investors don’t have to worry about cannibalizing their multifamily rental investment portfolios to take advantage of the huge opportunities in single-family rental property ownership. What’s more, Morgan Stanley doesn’t see this shift to rentership as a temporary waypoint while the country sorts out its housing problems; it sees this as a fundamental shift in how the United States will define itself into the future.

Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit.

Home price declines: not only are millions of homes available to investors at deeply discounted pricing but the low prices are changing consumer attitudes on housing as an investment Morgan Stanley says the U.S. home ownership rate, which has fallen to about 64 percent from close to 68 percent at its peak, is really closer to 60 percent when you factor in home owners who’ve stopped paying on their mortgage and only remain in their house because the bank hasn’t finished processing their foreclosure yet.  Huntsville homes for sale Once these cases make it through the system, they’ll move to the renter side of the equation.

Banks are now lending amounts up to 3.5 times borrower earnings. This is up from a low during the crisis of 3.2 times borrower earnings

When they do move to the other side of the equation, they’ll become renters of single-family houses, not of multifamily apartment units. That’s because these households, which tend to be a little older and often with children, want a single-family house in the suburbs, not a unit in an apartment building in the city. So, these households will be providing a big share of the demand for single-family rental houses into the future without necessarily adding demand to apartment rentals in the city.

To be sure, many of these households might like to buy again rather than rent given the historically low interest rates and deeply discounted home prices, but the reality is that many of these households simply can’t pass the credit score threshold. Financing is hard to get for the most creditworthy households today, so for credit-impaired households, renting is the only option.

While credit conditions may have loosened slightly, some potential homebuyers are still struggling with credit requirements. In fact, Capital Economics points out that in November 8 percent of contract cancellations were the result of a potential buyer not qualifying for a loan

While this single-family rental sector may appear at first to be of little consequence, by comparison to the product specifically designed, built and operated to this market, it is likely the most underserved rental segment of all. Furthermore, all indications suggest this sector will grow measurably in the coming years.

Morgan Stanley projects some 7.5 million more foreclosures over the next five years, what it calls “liquidated” houses, providing a golden opportunity for institutional investors to snap up properties for their portfolio and get into the long-term single-family rental business.

The average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one year ago.

If the company is right, then this is a great opportunity if you work with institutional buyers of real estate, whether on the buying, selling, or property management side. You have tons of inventory coming onto the market to sell to big buyers who will turn these into long-term rentals.

Distressed homes made up 32 percent of sales in December. Purchases by first-time home buyers declined in December Young buyers have become less eligible and are  more concerned about stability of purchase values. Seniors have been migrating to lifestyle rentals in an effort to lower the burden of ownership and reclaim equity as a liquid investment.  Combined, these will expand the number of rental homes the market will demand

If the job market continues to improve, then the rebound in consumer confidence will be sustained this year and more households will be willing purchase homes for sale in Huntsville AL  If lenders simply dialed back their underwriting requirements to the sound policies they used before the housing boom, home sales would pick up, inventories would shrink, prices would start heading up in more than a few markets, and that 7.5 million in foreclosed houses Morgan Stanley predicts over the next five years will be a smaller number. And those that want to rent can rent and those that want to buy can buy rather than having to rethink their priorities in a new rentership society.

Foreclosed home sales closed at about 22 percent below market rate in December, a discount 2 percent higher than that recorded a year earlier The Morgan Stanley report concludes it would be more profitable to invest in single-family homes that you can use as rentals. Such homes can counter the effects of the housing bubble and further plunge in property values. More so, single-family rentals are also good for both equity and debt investors according to the report.

Although single-family homes may cost more than some other types of properties, more real estate investors prefer having greater privacy in the properties that they invest in. Single-family homes can also be expanded and many of them belong to communities with a homeowner’s association.

Best of all, single-family homes allow a real estate investor to hedge better. When it’s a buyer’s market, rents surge and one’s cash flow also increases. On the other hand, when it’s a seller’s market, the property’s value rises. This leaves the investor with the option to sell the property for a (large) profit or refinance the property to take some cash and/or get a better mortgage interest rate.

With reports like this, it’s pretty obvious that one can gain an advantage with rental real estate.

Across the country, more Americans are becoming home renters, and fewer Americans are becoming homeowners. The beginning of the rentership society is upon us. But all renters are not equal – of the roughly 40MM rental housing units in the country (representing roughly $6 trillion in asset value), about half are multi-family and half are single- family. In this joint report between our US Fixed Income Housing Strategists and US REIT research teams, with contributions from our Chief US Equity Strategist and Large-Cap Banks Analyst, we take a closer look at what the growth of the rentership society implies for both the single and the multi-family rental markets. What opportunities will be created? How will the two sides of the rental market benefit from this transition? What are the greater implications for those industries closely tied to the development and financing of single and multi-family housing? And most importantly – how can institutional investors participate in these opportunities and position themselves for this change?

Keywords; Homes for sale in Huntsville al, Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.

Huntsville homes for sale - Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.

The house is listed at $89 psf now.

Key words; Huntsville homes for sale - Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.

Research Huntsville AL homes for sale

The link below is to the current and previous listings of the house. It had been listed 05/18/11 to 09/22/11 at $650,000 / $118 per square foot. The listing was withdrawn with the note ” Sellers have refinanced and have decided to call this their permanent home!” on the withdrawn listing.

They re-listed the house on 11/09/11 at the current $639,000 / $116 per square foot.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115oeith44510

Tax records indicate the house was built in 2008.

The listing agent called to ask how the showing went and volunteered that the seller’s children were graduating / had graduated from high school and both were leaving for college. The husband travels with work and the house is too big for them. They are planning on downsizing and moving into a smaller home in Hampton Cove that they have rented out.

According to the agent, the seller built the house himself and was ” obsessive compulsive” about the details of the construction. According to her the construction cost was $740,000. She indicated that the owner’s attention to detail, personal involvement and the storm room lead to him spending much more than he should have on the home’s construction.

The link below is to a summary of MLS activity in the neighborhood of all homes since 01/01/11. There were three sales at an average $111 per square foot and a range of $105 to $123 per square foot.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=oeprhh839484293

The link below is to the full listings of of the three sold properties.

230 WEDGEWOOD TERRACE ROAD that sold at $105 per square foot may not be as nice a home. It went under contract after 69 days on market.

113 STONECROFT DRIVE seems to be a decent comparison. It sold at $120 per square foot in 79 days.

The listing for 105 GREYMONT shows the house was 1- 5 years old. The only photo was an architect drawing. I think the listing agent just neglected to include photos on the listing. The second link shows the house had been listed in 2006, 2008 and 2009-2001. This house sold for $123 per square foot in 711 days counting all of the listings.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=71109340033494

Historical listings and sale of 105 Greymont.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115271109340071109340033494 33494 9

Just based on on the limited sales data the house appears to be priced within the market range.

I tried looking outside the immediate neighborhood for relevant comparables and found one additional sale in the neighborhood. The subdivision name was mis-stated and didn’t show upon the first search. 225 RAPHAEL ROAD was older at 6 to 10 years old. It’s not quite the quality of the subject home and 1,800 of the square footage is in the walk out basement. The house sold at $104 per square foot in 159 days.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=71171109340033494 0323

Searching all of Madison and Limestone Counties for active listings and sales of homes in the $550,000 to $700,000 range from new to 10 years old I found the listings at the link below. There are 39 active listings, one pending sale and just ten sales in the price range.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=711571109340033494 355

While the sales data does support seller’s list price there is a lot of competition for a limited number of buyers in this price range. The only way to know for certain if the seller is willing to negotiate is to make an offer.

Since he was so involved with the home’s construction he may have an emotional attachment and we may need be careful not to start too low and offend him. I’ve had instances where we came in too low, made the seller mad and he refused to consider subsequent offers near list price.

If you did decide to move forward an offer of $620,000 / $112 per square foot would be at 3% under list price. We could ask that seller pay your closing and pre-paid costs up to around $4,500 and provide a home warranty at $700. While he probably wouldn’t accept the offer it should get negotiations started. We might be able to make an offer contingent upon the sale of your existign home wiht a firest right of refusal but may loose some bargining position.

When I recive an offer on one of my listings contingent on the sale of another property I ask for documentation of a sale is pending or for a copy of the listing and a market analysis showing the house is listed within the market range. We also continue to market our listing with a first fight of refusal to remove the contingency within a set time of another accepted offer.

Any offer we make would be contingent on financing, a home inspection and radon testing.

Please let me know if you need a referral for trusted local lenders.

On a side note the links below are to listings in the golf communities of Canebrake in Athens and Cherokee Ridge on Brindlee Mountain, south of Huntsville. If any of the homes catch your eye, click on the address for a map of the location.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7171109340033494 366

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=71171109340033494 80

I searched the Madison County probate records and found the mortgage at the link below dated 2/28/2008 for $495,000. The mortgage has an adjustable rate rider.

http://probate.co.madison.al.us/LoadImage.aspx?sk=20080211711093400334942400&format=PDF&ref=efc4cd71-e47e-4331-b486-071dd6161ec4 Huntsville Houses We can assist you in finding area Huntsville houses that will meet your needs and price range.You can search the entire Huntsville MLS for houses on your own without having to register.

On 11/26/08 there was a loan modification reducing the loan amount to $417,000.

http://probate.co.madison.al.us/LoadImage.aspx?sk=20081126000736400334942400&format=PDF&ref=efc4cd71-e47e-4331-b486-071dd6161ec4

http://probate.co.madison.al.us/LoadImage.aspx?sk=20100400334942400&format=PDF&ref=efc4cd71-e47e-4331uyuyhtdd6161ec4

http://probate.co.madison.al.us/LoadImage.aspx?sk=201003400334942400690&format=PDF&ref=efc4cd71-e47e-kiuygfd

We can assist you in finding area houses 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.

http://probate.co.madison.al.us/LoadImage.aspx?sk=201104250400334942400&format=PDF&ref=efc4cd71-e47e-ioehtye

On 11/28/11 they did a refinance at $410,000.

http://probate.co.madison.al.us/LoadImage.aspx?sk=20111108000600330&format=PDF&ref=efc4cd71-e47e-4331-4003349424001dd6161ec4

The images below are the tax plat.

Homes for sale in Huntsville AL

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Homes for sale in Huntsville AL Tax plat

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Tax plat for Homes for sale in Huntsville AL

The topographical map with flood map overlay below indicates the house is not near a flood zone. Note that flood maps only show documented bodies of water and predicted rise their of water level. Given this home is near water and a little low laying, we need to have a careful inspection of the crawlspace for evidence of water or elevated moisture. Since the house is near a mountain the possibility of elevated radon levels is greater. Even with a crawl space we need to have the radon level tested.

Flood map for Homes for sale in Huntsville AL

The link below is to the Google satellite image,

http://maps.google.com/maps?q=400334942400 MADISON,+AL+35757&ll=34.829587,-86.726267&spn=0.008613,0.021093&hnear=107+Greymont+Dr,+Madison,+Alabama+35757&gl=us&t=h&z=16&vpsrc=6

Huntsville Houses We can assist you in finding area Huntsville houses that will meet your needs and price range.You can search the entire Huntsville MLS for houses on your own without having to register.

James A. Williams Aquatic Center Fall 2011 Swim Class Schedule

Huntsville homes for sale - http://www.huntsville-homes.com/
Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.

Homes for sale in Huntsville AL; Market value and research for specific homes for sale in Huntsville AL January 15, 2012

 

The link below is to the active listing and two previous sales of 220 GLEN MEADOWS LANE. The current owners bought the house in 2008 at $145,000 / $89 per square foot.  The agent that listed the property in this sale is in our office. I checked with her about any issues with he house or neighborhood. She said her seller had a job transfer and only lived in the house a couple of months. She liked the house and neighborhood while se was there.

 

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115235176

 

The house has been on the market this cycle since 11/20/11. There have been no price changes.

 

Even if the house sold at the current list price, the seller would have a substantial loss when we consider their closing costs.

 

The link below is to a summary of MLS activity of homes for sale in Huntsville AL in the neighborhood since 01/01/11.  217 GLEN MEADOWS LANE across the street is still on the market at $179,500 / $66 per square foot. The full listing is at the second link.

 

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115235181

 

The average sold price was $66 per square foot with a range of $51 to $87 per square foot. The average days on market for the sales were remarkably low at 2 days and a range of 3 to 63 days.

 

217 GLEN MEADOWS LANE

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115235180

 

The house at 217  GLEN MEADOWS LANE has been on market since 05/20/11. Since the house has been on market for so long and is now empty, seller may be motivated to negotiate. Just from the MLS data, I cant tell waht they paid for the house.

 

The flood map below shows the neighborhood is not close to a flood zone.

 

 

homes for sale in huntsville al

 

 

The link below is to the Google satellite image of the house.

 

http://maps.google.com/maps?q=220+GLEN+MEADOWS+LANE,+HARVEST,+AL+35749&hl=en&ll=34.857878,-86.763555&spn=0.002153,0.005273&hnear=220+Glen+Meadows+Ln,+Harvest,+Madison,+Alabama+35749&t=h&z=18&vpsrc=6

 

 

School Data.

 

http://www.schooldigger.com/go/AL/schools/0222000835/school.aspx

 

http://www.schooldigger.com/go/AL/schools/0222001412/school.aspx

 

http://www.schooldigger.com/go/AL/schools/0222000848/school.aspx

 

 

101 BRAMBLE WAY is listed at $147,000 / $84 per square foot. The listing history doesn’t show where the current owner bought the house.

 

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115235192

 

The link below is to a summary of MLS activity in the neighborhood since 01/01/11. There were no sales and one pending sale. This is a foreclosure that was listed at $70 per square foot.

 

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115235193

 

Two of the active listings are foreclosures.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115235195

 

While 117 BRAMBLE WAY shows expired. I am working a lease purchase directly with the seller and my buyer. The sale price won’t be public knowledge until after closing.

 

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115235196

 

The link below is to the recorded deed on the house from 6/18/07

 

http://probate.co.madison.al.us/LoadImage.aspx?sk=20070619000435470&format=PDF&ref=aa2107ef-dc77-47f9-bbb9-f4f77b7b4654

 

The link below is to the recorded mortgage on the same date.

 

http://probate.co.madison.al.us/LoadImage.aspx?sk=20070619000435480&format=PDF&ref=aa2107ef-dc77-47f9-bbb9-f4f77b7b4654

 

It looks like he and his now wife refinanced 2/12/10 at $109.000.

 

http://probate.co.madison.al.us/LoadImage.aspx?sk=20100218000083430&format=PDF&ref=aa2107ef-dc77-47f9-bbb9-f4f77b7b4654

 

Unless I am missing a second mortgage, this is about what he owes. 

 

The purchase money loan was for $110,400 and was not a VA loan. Assuming a 3% down Payment seller probably has about $114,000 in the house. He could have made a larger down payment and my estimates below would be way off. If this house does become a contender I may be able to research the Madison County Probate records for the actual sale price.

 

The listing agent on the listing is Amerisell Realty. A national limited service realty firm. All they do is list the house in MLS . Seller is paying them from $200 to no more than $500 in a flat fee.

 

http://www.listonmlsflatfee.com/Alabama/?bdmls=1

 

Assuming he is paying $200 in a flat fee and didn’t pay any of your closing costs, his break even point on a sale will be in the $118,000 range.  Again my estimate may be based on an incorrect down payment,

 

Even if my estimates are correct, we don’t know what seller would be willing to take and if they need money for a down payment on a new house.

 

The middle and high schools are the same as the prior property. The elementary school data is at the link below.

 

http://www.schooldigger.com/go/AL/schools/0222000838/school.aspx

 

The house is about 1,000' from the nearest flood zone.

 

homes for sale in Huntsville AL

 

 

 

Satellite image.

 

http://maps.google.com/maps?q=101+BRAMBLE+WAY,+TONEY,+AL+35773&hl=en&ll=34.950956,-86.713849&spn=0.001974,0.005273&sll=37.0625,-95.677068&sspn=14.20984,64.775391&vpsrc=6&hnear=101+Bramble+Way,+Toney,+Alabama+35773&t=h&z=18

 

 

 

The link below is to the current listing on 147 DANFORTH DRIVE and the archived listing where the current owner bought the house 02/18/01 for $134,820 / $77 per square foot with their seller paying $6,528 of their closing costs. The house has been on the market since 11/28/11 at $81 per square foot $142,000.

 

The link below is to a summary of MLS activity in the neighborhood since 01/01/11. The average sold price was $57 per square foot with a range of $40 per square foot to $67 per square foot. The average days on market were low at 43 days and a range of 5 to 109 days. The $40 per square foot house (113 DANFORTH DRIVE) took 109 days to sell. It was a foreclosure and may have been in very bad condition.

 

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115240118

 

At $81 per square foot the house is priced well above the highest recent sale. Since we know the seller paid $134,820  There break even point on a sale will be in the $147,000 range. They are priced at $142,000 which would probably net them something near the loan payoff.

 

At the highest recent sale of $67 per square foot the 1,757 square foot house would be at $117,000 way off the $142,000 list price.

 

I’m thinking seller is upside down in the house and unless they were willing and able to bring a lot of cash to closing we couldn’t make a transaction work.

 

The house is near but not in a flood zone.

 

homes for sale in Huntsville AL

 

 

Please let me know your thoughts on these or any other homes. I can try to gather more information.

 

In the meanwhile I spent some time searching for more homes at the link below.  There are two new construction homes. One listed at  $117,000 / $61 per square foot, 207 ELDERBERRY CIRCLE .  The listing at 139 CLUBHOUSE LANE is not done very well but this is a nicer neighborhood. We just have to watch for septic system problems that are common in the neighborhood.

 

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115240444

 

Filed under: Homes for sale in Huntsville AL — Philip Winburn @ 1:09 am Tags: Homes for sale in Huntsville AL, homes for sale in huntsville alabama

Homes for sale in Huntsville AL, Homebuyer email scam; January 9, 2012

Source; Huntsville Area Association of Realtors.

Homes for sale in HUntsville AL

Only the name and address have been changed in the following e-mail I received this week:

Hello, I am Makoto Robata from Japan. I will be relocating to the United States with my family very soon after my retirement, and I intend buying a home before I come over. I will like you to send me a listing of properties with 4 bedrooms and 4 bathrooms within the price range of $500,000.00 to $1,200,000.00 with a nice view and garage, in a nice neighborhood in your city and state. Communication via email will be better as my spoken English is very poor. Waiting to hear from you. Please reply to my private email on : makotorobata22@hotmail.com Regards, Makoto Robata

Pondering why he would send an e-mail from one account and suggest that I communicate with him on another, I naturally marveled at how vague and inappropriate were his requirements (not least, “your city and state”). Yet I responded as diplomatically as possible this way:

 

Dear Mr. Robata, I much appreciate your request for assistance and am eager to help you. Unfortunately, however, I must first request that we speak, even with an interpreter, as I have many questions before undertaking a search. Perhaps a very good method for us to communicate in that way would be via Skype. My Skype address is …………. I much look forward to hearing from you. Respectfully, Agent

It is hard for me to imagine that I am more likely to receive a reply than to benefit from a multi-million-dollar estate that someone from Nigeria promises after I send him money. Mr. “Robata’s” e-mail is the third such phony one that has polluted my inbox in the last couple of months. Actually, the previous one was not an e-mail but a phone call from a sincere-sounding supposed Norwegian from whom I never heard again after I asked him some pertinent questions. More or less the same story with a guy who professed to be in Singapore. I wanted to be assured of the Norwegian’s assets, so routinely asked for financial statements to buttress his rather lofty claims. And I was puzzled that he claimed readiness to purchase  homes for sale in Huntsville AL only on my recommendation, finally conceding at my urging that he or at least someone he knew and trusted should see it before going to contract. The bottom line is that while the Internet is extraordinarily useful in my business, it also can be extraordinarily dangerous: There are con artists of every stripe in every country.

 

Filed under: Homes for sale in Huntsville AL — Philip Winburn @ 4:23 pm Tags: homes for sale in Huntsville, Homes for sale in Huntsville AL

Homes for sale in Huntsville; Huntsville AL investment real estate

 Lot 33 did respond to the renewal and the new renewal date is 4.30.12

 

Lot 114 and  Bobo Rd didn’t respond to the lease renewal. The automatic renewals go through 7.30.12 and 2.29.12.

 

 

The link below is to a salary of MLS activity in the 109 Fawn Forest  ( 1,871 sf) and 119 Fawn Forest  (1,740 sf)  neighborhood since 12.01.10.

 

The average sold price was $87 per square foot with a range of $63 to $103 per square foot.

 

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115154471

 

 

At the average sold price of $87 per square foot 109 Fawn Forest  ( 1,871 sf) would be $163,000.  At the highest sold price of $103 per square foot it would be $193,000>

 

At the average sold price of $87 per square foot  119 Fawn Forest  (1,740 sf)  would be $151,000.  At the highest sold price of $103 per square foot it would be $179,000.

 

The link below is to a summary of MLS activity in the 153 Bobo Rd  (1,920 square feet ) neighborhood since 12.01.10. Homes for sale in Huntsville The average sold price was $76 per square foot with a range of $65 to $81 per square foot. At the average sold price of $76 per square foot the house would be $146,000 . At the highest sold price of $81 per square foot it would be $156,000.

 

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115154475

I assume you have reviewed our property management huntsville  page and have a general understanding of our services and fees. 

 

Looking in the Chadrick neighborhood back to 01.01.11 We found one rented home and two rental listings that were withdrawn without renting.

 

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115183690

 

932 MILLER BLVD is not comparable to your home but rented in August for $1,295 after 76 days on the market. 116 CHADRICK DRIVE and 491 BRENDA DRIVE are better comparisons to your home but didn’t rent at $1,750 and $1,900.

 

Looking outside the neighborhood but within the city of Madiosn we found three rented homes that are similar in size as yours. All were newer homes.

 

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115183697 

 

Based on the limited data and given we are in the slower rental season, my best estimate is that the market would bear something in the $1,695 to $1,995 range.

 

There is a balance between waiting for the highest possible rent and loosing potential rent through vacancy. It is often best to begin marketing somewhere near the lower end of the market range.

 

If you do need a loan to purchase please contact Haley at Mortgage America. She can let you know what loans you would qualify for and estimate your interest rate and monthly payment. As a first effort the link below is to a good number of available properties that might be candidates.  I included homes outside the city so be sure to click on the address for a map of the property location. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115183714 Please let me know if I am on the right track with this search or if we need to make changes. In the meanwhile I have set up an automated search for new listings and changes to existing listings as they are added to the MLS.

 

January 7, 2012

Filed under: Homes for sale in Huntsville AL,huntsville alabama homes for sale,Huntsville homes for sale,mls huntsville,real estate in huntsville,Uncategorized — Philip Winburn @ 9:47 pm Tags: homes for sale in Huntsville, Homes for sale in Huntsville AL, huntsville al property management

Homes for sale in Huntsville; Homes for sale in northeast Madison County January 6, 2012

Housing Goes "Green"
Wherever you turn these days, it seems that someone is talking about "Green", or "Leadership in Energy and Environmental Design (LEED") certified buildings, and "Zero Energy Homes." Each of these share a commitment to reduced energy consumption and the "re-use, repurposing and recycling of materials," "improved indoor air quality" and use of "environmentally friendly" and "renewable products." Green or LEED buildings generally generate 20 to 70 percent in energy savings, while a Zero Energy Home (ZEH) by definition must generate enough energy to meet or exceed its own heating, cooling and electrical needs in any given year.

With all of the recent attention being given to energy conservation, you might not realize that a handful of individuals began vigorously exploring ways to significantly reduce energy consumption in the early 1970's. Since then, energy saving practices have been refined and expanded and have been incorporated into projects ranging from small homes to large commercial buildings, schools and fire stations to government buildings. Recent projects have successfully demonstrated the economic viability and sustainability of incorporating rigorous energy and conservation standards into new construction without increasing budgets or extending schedules.

Many conservation efforts are most easily incorporated at the time of initial construction, however some are easily adapted either as a stand-alone project or as part of routine equipment replacement.

Heating, Cooling and Electricity
High efficiency furnaces and/or heat pumps - replacing old furnaces with higher efficiency models or possibly converting from an older type of heating and/or cooling device to one utilizing newer technology can lead to significant energy savings. Many furnaces built just 15 years ago are quite inefficient when compared to models available today.

Insulation - adding additional insulation in attics, crawl spaces and exterior walls are all potential areas for reducing energy costs. Also, by sealing cracks in the attic around areas where ceiling lights and fans are installed or wires are strung can also cut energy costs substantially. When all these small openings are added together, they can have the same effect as having a window left open.

Horizontal Loop Ground Source Heat Pump System - this relatively unheard of heat pump system runs coils 4 to 6 feet underground to tap into the constant temperature of the earth's soil to provide either heating or cooling depending upon the season.

Windows - installation of wood or vinyl encased triple pane windows significantly reduces heat loss and eliminates drafts.

Building Site Orientation - for new construction, orienting a building to utilize the southern exposure along with window placement allows for the exploitation of both natural lighting and solar heat. Homes for sale in Huntsville

Light bulbs - the days of the incandescent light bulbs may be numbered as legislators across the nation discuss legislation to ban their use in favor of the more efficient LED and CFL lighting technology as a measure to reduce energy usage.

Higher efficiency appliances - installation of high efficiency appliances will significantly reduce energy consumption, particularly for appliances that run all the time, are energy consumers or are used with high frequency.

Water Consumption
Water heaters - there are several energy saving strategies available when it comes to water heaters. When opting to use a traditional storage tank, the location of the tank can have a significant impact on the amount of water consumed and the cost of heating the water. The most economical placement is to have the tank as close as possible to where the water is used most so there is less water wasted waiting for the hot water to arrive. Adding insulation to the first foot of the pipe coming out of the hot water tank will reduce heat leakage. An alternative to the traditional hot water heater is the tankless water heater that only heats the water as needed by running the water through heated coils. This method eliminates the need to keep water hot all the time and the energy required to do so.

Landscaping -by designing and implementing a landscape centered on plants native to your locale that are also drought tolerant will reduce landscape watering requirements.

Rainwater cisterns with filtration systems - also gaining popularity are rainwater cisterns that store water from rooftop collection systems to be later used for irrigation. Sizes vary and can be selected based up on rainfall averages, collection area size, and available storage locations.

Impervious Paving Systems - porous surfaces reduce the impact on surrounding areas by allowing rain water to penetrate surfaces and be absorbed into the soil. Reducing runoff helps alleviate premature expansion of storm water treatment facilities.

Indoor Air Quality
Flooring - several options exist when making flooring selections that will increase air quality. For those willing to either reduce the quantity of carpeting or forego it all together, selecting sustainably harvested wood or bamboo is a good alternative. However, for those set on having carpeting, selecting carpets made using natural fibers with a low-pile can reduce the collection of allergens. Also, air quality will remain stable when carpeting is installed using tacks rather than fume emitting glue.

Paint - better air quality is achieved by using low-VOC (volatile organic compounds) and low-toxic interior paints and finishes instead of other paints and finishes that release higher levels of chemicals and toxins.

Additional Energy Sources

Solar - once thought of as an "alternative" source of energy, solar panels are gaining popularity. Solar panels remain an expensive option; however, their cost has dropped significantly over the last number of years, making them less cost prohibitive. Although solar panels will work in any climate, sunnier locations will result in higher productivity. To encourage the installation of solar panels, governmental agencies as well as some utilities have created different incentive and rebate programs to lower the cost.

Wind - although not practical for the average home owner due to its high installation costs ($40,000 or more), it does remain an option for those located in areas with sufficient wind and land resources. Generally, a home tower will produce between 8,000 - 18,000 kWh per year given sufficient air movement and requires being located on at least an acre of land.

Homes for sale in Huntsville; Moving to Huntsville January 4, 2012

The link below is to all MLS activity in the neighborhood since 01/01/11. There were three sales at an average $124 per square foot and a range of $87 to $152 per square foot.

 

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115194014

 

The average days on market were surprisingly low at 117 days and a range of 21 to 399 days.

 

The link below is to the full listings of the sold homes so you can better compare your house. (2710 TREYBURNE LANE  is on the golf course.)

 

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115194034

 

There are four active listings at an average of $167 per square foot.

 

3018 HAMPTON COVE WAY has been on the market since 07/26/11 at $559,900 / $128 per square foot.  Except for the pool, this house is a good comparison.

 

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115194021

 

2614 TREYBURNE LANE has been on the market since 10/24/11 at $699,900 / $153 per square foot. It is located on the golf course.

 

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115194025

 

2716 TREYBURNE LANE has been on the market since 06/27/11 at $799,900 / $221 per square foot.

 

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115194030

 

3100 TANTALLON CIRCLE has been on and off the market since 10/18/07. It started out at $1,200,000 and has been listed at teh current $995,000 / $175 per square foot since 03/14/11.

 

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115194038

 

 

Downtown Huntsville AL

3003 TANTALLON DRIVE’s status is contingent. It was on the market originally on 03/29/11 at $414,900. They went through two price reductions to the present $399,900 / $114 per square foot on 08/04/11. On 10/31/11 it went under contract. We wont know the sold price until after closing.

  

The link below is to 51 active listings in Madison County from $650,000 to $850,000.   

 

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115194057

 

 

The link below is to a handful of larger homes for sale in Huntsville to consider.

 

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115194070

 

 

113 GENERAL JACKSON COURT is a bank owned home. There is only one exterior photo so we are uncertain on the condition. The listing states ” As Is” meaning seller doesn’t warranty any of the systems or appliances.

 

The link below is to archived MLS listings that do have additional photos.

 

 http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115176555

 

The subject is listed at $62 per square foot and has been on market since 10/07/11

 

The link below is to a summary of MLS activity in the neighborhood since 01/01/11. The average sold price was $96 per square foot.

 

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115176564

 

The link below is to the Google satellite / street view image of the house. The subject is the house to the right of the “A” icon. Note that the house backs up to Pettus Road.

 

http://maps.google.com/maps?q=113+GENERAL+JACKSON+COURT,+MADISON,+AL+35757&hl=en&ll=34.789883,-86.733142&spn=0.001399,0.002637&sll=34.788449,-86.7333&sspn=0.002822,0.005273&vpsrc=6&hnear=113+General+Jackson+Ct,+Madison,+Alabama+35757&t=h&z=19

 

Moving to Huntsville 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.

 

2741 SLATE DRIVE is new construction at a great price just outside the arsenal off Hobbs Road.

 

It’s been a while but I have seen 116 LAKE CREST DRIVE in Madison. As best as I can recall there was a serious roof leak that was repaired but there was substantial water damage. The damage was supposed to have been repaired. The corner of the lot backs up to a neighborhood lake. There may have been some minor cracking in the bricks but I can’t recall for sure.

 

99 WOOD CREEK DRIVE in Madison is a bank owned home.

 

466 RAINBOW DRIVE is a unique property, over three acres in Madison listed at $71 per square foot. It looks to be in good condition already. It is a little dated.

 

Huntsville skyline

127 HARBOR GLEN DRIVE SW and 704 MOON CREEK CIRCLE are well priced new construction homes just west of the Arsenal off of Zierdt Road at Beadle Road.

 

Filed under: Homes for sale in Huntsville AL,huntsville al homes for sale,huntsville alabama homes for sale,Huntsville homes for sale,moving to huntsville — Philip Winburn @ 6:51 pm

 

Tags: homes for sale in Huntsville, Homes for sale in Huntsville AL, Huntsville AL homes for sale, Moving to huntsville

Huntsville AL homes for sale BBB scam warning December 29, 2011

BBB Warns of Phone Scam

BBB of North Alabama Warns Accredited Businesses & Employees of Microsoft Phone Scam

How does the scam work? The caller impersonates a microsoft representative and claims there is a serious virus or issue with the consumer’s computer. The caller may warn that if the problem is not solved, the computer will become unusable. In more recent calls, they have claimed that the individual receiving the call has had their account hacked into and bogus messages with viruses attached are being sent out to others in their name. To “fix” the problem, the consumer is directed to visit a website or download a program that gives the caller remote access to log in to the computer. In some cases, the consumer is then offered a preventative service for a fee. The scam: The caller does not work for Microsoft. Never give personal or financial information to an unsolicited caller. Don’t agree to purchase over the phone.

-Report fraudulent activity: Complaints can be filed with the Federal Trade Commission at www.ftc.gov.
Internet and e-mail scams can be reported to the Internet Crime Complaint Center at www.ic3.gov.
Complaints about a specific business can be filed at www.bbb.org.

 

huntsville alabama homes for sale flood map

Huntsville Al homes for sale

Homes for sale in Huntsville Huntsville Houses We can assist you in finding 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. If you prefer we can set up an automated search for Huntsville Homes for you.

 Huntsville homes for sale
Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management

Huntsville Homes For Sale
Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.

Huntsville Alabama homes for sale

 

Filed under: huntsville al homes for sale,huntsville alabama homes for sale — Philip Winburn @ 9:10 pm Tags: huntsville al homes for sale. huntsville alabama homes for sale

Huntsville homes for sale; Profitable multifamily investment property in Huntsville is difficult to find. December 28, 2011

Big fish at Guntersville Lake

I’ve worked with a lot of out of area investors looking for multifamily
property in Huntsville. One most be extremely cautious. Most of the
available properties are in undesirable areas where it is very difficult to
find stable tenants. There is a high turnover and make ready costs between
tenants can be a cash flow killer. It’s rare that well priced properties in
decent areas are posted on MLS. Most sales of desirable properties are a
result of word of mouth.

The other issue is finding hands on, consistent property management. There
are few local managers willing to handle multifamily. From our perspective
they are a poor investment of resources. It takes at least twice as many
resources to manage a $400 – $500 rental as it does to manage a $2,000
rental. Our income from cheaper properties is a fraction of what we earn on
the larger homes.

There are only a handful of local managers that are taking on multifamily
properties. It’s hit and miss on weather their clients are happy with their
service.

Huntsville homes for sale Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.  

I do have friends who own a good bit of C class property Huntsville homes for sale that seem to have a
handle on managing them. They have a few properties listed, more that could
be sold and indicated a willingness to continue management at least for a
time. I’ve tried to convince them to do outside management because there is
such a need but they have their hands full with the properties they have and
two sons involved in football and wrestling. Please let me know if you might
have an interest in their properties.

I work mostly in single family properties. The cash flow may not be as good
as multifamily but appreciation, liquidity and ease of management are much
better.

Valley Mls, Huntsville Mls Search
Valley mls, huntsville mls search; valley mls has limited features and can be difficult to use. If you have trouble or aren’t sure where to start just let us know what you are looking for and we will help. Http://www. Huntsville-homes. Com

 

Filed under: Homes for sale in Huntsville AL,huntsville al homes for sale,Huntsville homes,Investment property in Huntsville —