Homes for sale huntsville Huntsville Alabama Real Estate

The link below is to an archived MLS listing of the house indicating it has 1,725 sf.
 
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=iue67884938762 
Tax records indicate 1,817 sf.
 
http://www.emapsplus.com/ALMadison/report.asp?County=ALMadison&PID==iue67884938762  
 
The link below is to a summary of Valley MLS activity in the neighborhood since 11/01/10 of homes that are similar to yours. The average sold price was $89 psf with a narrow range of $90 to $89 psf. The days on market were relatively low at an average of 18 and a range of 15 to 20.
 
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=717789392820 
At the average sold price and using 1,817 sf from tax records the value would be $162,000 at the highest sold price it would be $164,000.
 
The link below is to seven active and one contingent listing in the $160,000 to $165,000 range in Madiosn. There are newer and proposed construction homes that would be difficult to compete with on the open market.
 
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=711488900989
 
A Huntsville MLS search shows your house is 1,774 square feet.
 
The link below is to a summary of MLS activity in the neighborhood since 11/01/10.
 
Not counting some foreclosed homes, the link below is to a summary of MLS activity in the neighborhood since 11/01/10. The average sold price of the six sales was $86 per square foot with a range of $75 to $95 psf. The average days on market was long at 191 days and a huge range of 35 to 420 days.
 
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=711409o75
 
At the average sold price of $86 psf the 1,774 sf house would be in the $153,000 range
 
The link below is to active listings in the $150,000 to $155,000 range in northeast Madison County. These homes would be our competition.
 
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114851322
 
Your home compares well to most of the homes but the new construction homes would have an advantage. It's tough to compete against new construction. With a tenant in place it would be difficult to sell on the open market. If the tenant was not in a position to purchase, my counsel would be to wait until teh tenant expects to move and then put the house on the market. We do expect that the real estate market will continue to improve.
 
Posted by Philip Winburn on October 7th, 2011 1:20 PMPost a Comment (0)
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