NOT LISTED FOR SALE

109 Inland Bay Madison, AL 35758

Estimated Value: $806,000 - $872,000

4 Beds
3.5 Baths
4,421 Sq Ft
$189/Sq Ft Est. Value

Last Sold May 26, 2017

Last sale price $525,000 $119 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $5,006/month

121 Days on Market

Highlights

  • Clubhouse
  • Traditional Architecture
  • 2 Fireplaces
  • Rainbow Elementary School Rated A
  • Main Floor Primary Bedroom
  • Community Pool

About This Home

As of May 2017

The craftsmanship in this home is exceptional. This beautiful full brick 4 bedroom, 4 bath home is located in one of Madison's Prestigious communities. The home has lots of extras: 2 fireplaces, 4 bedrooms, 4 baths, formal dining room; Family Room with vaulted ceilings; Study with cathedral ceilings; kitchen with granite counter tops, stainless steel appliance, tile back splash; Master Bedroom with triple trey ceiling, bay window for a huge sitting area and a glamour bath with raise granite counter tops. An absolute must see.

Last Agent to Sell the Property

Rita Southwood

Leading Edge, R.E. Group License #97942 Listed on: 01/11/2017

Leading Edge, R.E. Group

Last Buyer's Agent

Marie Eubanks

Dream Key Real Estate, LLC License #75529-0

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,270

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 97 x 150 x 148 x 127

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Traditional Architecture

Interior Spaces

  • 4,421 Sq Ft Home
  • Property has 2 Levels
  • 2 Fireplaces
  • Gas Log Fireplace
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Schools

  • Discovery Elementary School
  • Bob Jones High School

Utilities

  • Two cooling system units
  • Multiple Heating Units

Listing and Financial Details

  • Tax Lot 53
  • Assessor Parcel Number 1508344001037.000

Community Details

Overview

  • Highland Lakes Association
  • Highland Lakes Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,270

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Living Area: 4421
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.4
  • Lot Size: 97 x 150 x 148 x 127
  • Subdivision Name: Highland Lakes
  • Architectural Style: Traditional
  • New Construction: No
  • Property Attached Yn: No
  • Kitchen Level: First
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Levels: Two
  • Basement: Crawl Space
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Fireplace Features: Gas Log, Two
  • Fireplaces: 2
  • Fireplace: Yes
  • ResoLivingAreaSource: Appraiser
  • Room Bedroom4 Area: 255
  • Room Bedroom4 Level: Second
  • Living Room Living Room Level: First
  • Room Bedroom3 Area: 168
  • Master Bedroom Master Bedroom Level: First
  • Room Bedroom2 Area: 182
  • Room Bedroom3 Level: Second
  • Master Bedroom Master Bedroom Width: 15
  • Room Family Room Area: 304
  • Room Bedroom2 Level: Second
  • Room Family Room Level: First
  • Room Living Room Area: 195
  • Room Kitchen Area: 288
  • Dining Room Dining Room Level: First
  • Room Master Bedroom Area: 300
  • Room Dining Room Area: 210

Utilities

  • Heating: Central 2
  • Cooling: Central 2
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Clubhouse, Common Grounds, Pool, Tennis Court(s)
  • Association Fee: 600
  • Association Fee Frequency: Annually
  • Association Name: Highland Lakes
  • Association: Yes

Schools

  • Middle Or Junior School: Discovery

Lot Info

  • Parcel Number: 1508344001037.000
  • Lot Size Sq Ft: 17424
  • ResoLotSizeUnits: Acres

Green Features

Tax Info

  • Tax Lot: 53

MLS Schools

  • Elementary School: Rainbow Elementary
  • High School: Bob Jones

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2017
Closed on
May 26, 2017
Sold by
Owens James I and Owens Stephanie K
Bought by
Retzer Daniel and Retzer Maxine
Seller's Agent
Rita Southwood
Leading Edge, R.E. Group
Buyer's Agent
Marie Eubanks
Dream Key Real Estate, LLC
List Price
$540,000
Sold Price
$525,000
Premium/Discount to List
-$15,000
-2.78%
Current Estimated Value
$835,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$310,474
Avg. Annual Appreciation
5.96%
Original Mortgage
$420,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2008
Sold by
Cartus Financial Corp
Bought by
Owens James I and Owens Stephanie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$549,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 21, 2008
Sold by
Stuart David S and Stuart Anita
Bought by
Cartus Financial Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$549,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 28, 2007
Sold by
Owens James I and Owens Stephanie
Bought by
Stuart David S and Stuart Anita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,133
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2005
Sold by
Watts Ronnie M
Bought by
Owens James I and Owens Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$454,400
Interest Rate
5.64%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Retzer Daniel $525,000 None Available
Owens James I -- --
Cartus Financial Corp -- --
Stuart David S -- --
Owens James I -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Retzer Daniel $461,000
Closed Retzer Daniel $420,000
Closed Retzer Daniel E $52,500
Previous Owner Owens James I $549,000
Previous Owner Stuart David S $357,133
Previous Owner Owens James I $454,400
Previous Owner Owens James I $55,370
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2017 08/31/17 Off Market $525,000 -- --
05/26/2017 05/26/17 Sold $525,000 -1.9% $119 / Sq Ft
05/12/2017 05/12/17 Pending -- -- --
03/01/2017 03/01/17 Price Changed $534,999 -0.9% $121 / Sq Ft
01/11/2017 01/11/17 For Sale $540,000 -- $122 / Sq Ft
Source: ValleyMLS.com

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,270 $76,380 $11,000 $65,380
2023 $5,270 $76,380 $11,000 $65,380
2022 $4,713 $68,360 $9,000 $59,360
2021 $3,671 $53,360 $9,000 $44,360
2020 $3,636 $52,860 $8,500 $44,360
2019 $3,001 $52,860 $8,500 $44,360
2018 $2,966 $52,240 $0 $0
2017 $2,966 $52,240 $0 $0
2016 $2,966 $52,240 $0 $0
2015 $2,966 $52,240 $0 $0
2014 $2,947 $52,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ValleyMLS.com

MLS Number: 1060343

ValleyMLS.com

APN: 15-08-34-4-001-037.000