NOT LISTED FOR SALE

1403 Ascent Trail NW Huntsville, AL 35816

Research Park Neighborhood

Estimated Value: $430,000 - $464,320

12 Beds
6 Baths
3,200 Sq Ft
$138/Sq Ft Est. Value

Last Sold July 05, 2022

Last sale price $420,000 $131 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,757/month

6 Days on Market

Highlights

  • Storage
  • Central Heating and Cooling System
  • Vinyl Flooring
  • Huntsville High School Rated A
  • Ceiling Fan

About This Home

As of July 2022

Fully occupied turn-key 4-plex that is easy to manage, perfect for a 1st time visitor. Take adv of the rapid appreciation in the Huntsville area. Each identical 800 sq. ft. unit has 2 beds, 1 bath, 1 living room, 1 kitchen, and 1 dining nook. They also have 1 linen closet in the hall, 1 coat closet in the living room, and one large storage closet on the balcony. 3 of the 4 units have been converted to section 8 housing to address the shortage in the quickly growing city of Huntsville. We have an amazing property manager that stayed on with us after the last owner sold us this property. There are 4 A/Cs. One is brand new. 2 are about 10 yrs old, and one is about 15 yrs old. Utilities paid by tenants, with separate meters.

Last Agent to Sell the Property

Bill Johnson

Realty Solution License #85731 Listed on: 05/20/2022

Last Buyer's Agent

Corey Gilmore

Capstone Realty License #103499

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,513

Year Built

  • Built in 1980

Lot Details

  • 0.25

Home Design

  • Quadruplex
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Storage
  • Vinyl Flooring
  • Crawl Space

Schools

  • Highlands Elementary School
  • Huntsville Middle School
  • Huntsville High School

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

Community Details

Overview

  • 4 Units

Pet Policy

  • No Pets Allowed

Building Details

  • Operating Expense $6,300
  • Gross Income $33,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,513

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Down Payment Assistance: Yes
  • Down Payment Assistance URL: https://www.workforce-resource.com/dpr/listing/GALMLS/1321049?w=PubMLS
  • Property Type: Quadplex
  • Year Built Description: Existing
  • Year Built: 1980
  • Price Per Sq Ft: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1980

Interior Features

  • Floors: Vinyl
  • Miscellaneous: Pets Not Allowed, Storage

Exterior Features

  • Construction: Stucco
  • Foundation: Crawl Space
  • Water Heater: Gas (WTRHTR)

Garage/Parking

  • Parking: 1 Space per Unit

Utilities

  • Heating: Central w/Ind Ctrl(HEAT), Individual Units (HEAT)
  • Cooling: Ceiling Fans, Central w/Ind Ctrl(COOL), Individual Units (COOL)
  • Sewer/Septic System: Connected
  • Water: Public Water

Condo/Co-op/Association

  • Total Units: 4

Schools

  • Elementary School: HIGHLANDS
  • Middle School: HUNTSVILLE
  • High School: HUNTSVILLE

Lot Info

  • Assessor Parcel Number: 1408332001056000

Rental Info

  • Owner Pays: Trash Collection (OWNER)
  • Tenant Pays: All Utilities (TENANT)

Tax Info

  • Tax District: MADISON
  • Annual Tax: 1513

Multi Family

  • Expenses: 6300
  • Gross Income: 33000

MLS Schools

  • Elementary School: HIGHLANDS
  • High School: HUNTSVILLE
  • Jr Middle School: HUNTSVILLE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2022
Closed on
Jul 5, 2022
Sold by
Jones Jacob W
Bought by
Gervais Elliott
Seller's Agent
Bill Johnson
Realty Solution
Buyer's Agent
Corey Gilmore
Capstone Realty
List Price
$449,000
Sold Price
$420,000
Premium/Discount to List
-$29,000
-6.46%
Current Estimated Value
$441,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,330
Avg. Annual Appreciation
1.61%
Original Mortgage
$336,000
Outstanding Balance
$320,619
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$120,711

Purchase Details

Closed on
Apr 14, 2020
Sold by
1403 Ascent Trail Llc
Bought by
Jones Jacob W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2018
Sold by
Next Generation Property Group Llc
Bought by
1403 Ascent Trail Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 13, 2015
Sold by
Iconsulting Llc
Bought by
Evans Bryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.89%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Oct 8, 2012
Closed on
Jul 8, 2013
Sold by
Orukwowo Chikanele David
Bought by
Iconsulting Inc
Seller's Agent
Paul Woodfin
Coldwell Banker First
Buyer's Agent
Chris Moore
@Homes Realty Group
List Price
$82,500
Sold Price
$47,000
Premium/Discount to List
-$35,500
-43.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.37%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gervais Elliott $420,000 Emily L Santiago Llc
Jones Jacob W $260,000 Adm Title Services Llc
1403 Ascent Trail Llc -- Boston National Title Agency
Evans Bryan $60,000 None Available
Iconsulting Inc $47,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gervais Elliott $336,000
Previous Owner Jones Jacob W $195,000
Previous Owner 1403 Ascent Trail Llc $115,500
Previous Owner Evans Bryan $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2022 07/05/22 Sold $420,000 -6.5% $131 / Sq Ft
05/26/2022 05/26/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $449,000 0.0% $140 / Sq Ft
05/21/2014 05/21/14 Off Market $450 -- --
02/20/2014 02/20/14 Rented $450 0.0% --
01/21/2014 01/21/14 Under Contract -- -- --
10/29/2013 10/29/13 For Rent $450 0.0% --
10/10/2013 10/10/13 Off Market $47,000 -- --
07/12/2013 07/12/13 Sold $47,000 -43.0% $15 / Sq Ft
06/12/2013 06/12/13 Pending -- -- --
10/08/2012 10/08/12 For Sale $82,500 -- $26 / Sq Ft
Source: Greater Alabama MLS

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 $4,097 $70,640 $32,000 $38,640
2023 $4,097 $63,000 $12,000 $51,000
2022 $3,014 $51,960 $12,000 $39,960
2021 $1,514 $26,100 $3,260 $22,840
2020 $1,182 $20,380 $3,260 $17,120
2019 $1,182 $20,380 $3,260 $17,120
2018 $760 $13,100 $0 $0
2017 $760 $13,100 $0 $0
2016 $760 $13,100 $0 $0
2015 $760 $13,100 $0 $0
2014 $731 $12,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bill Johnson

    Seller's Agent in 2022

    Bill Johnson

    Realty Solution

    (760) 814-0378

    1 in this area

    832 Total Sales

    Section Image

  • C

    Buyer's Agent in 2022

    Corey Gilmore

    Capstone Realty

  • Ashleigh Green

    Seller's Agent in 2014

    Ashleigh Green

    KW Huntsville Keller Williams

    (256) 527-0185

    4 in this area

    139 Total Sales

    Section Image
  • Paul Woodfin

    Seller's Agent in 2013

    Paul Woodfin

    Coldwell Banker First

    (256) 656-4171

    1 in this area

    28 Total Sales

    Section Image

  • C

    Buyer's Agent in 2013

    Chris Moore

    @Homes Realty Group

    Section Image
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Map

Source: Greater Alabama MLS

MLS Number: 1321049

Greater Alabama MLS

APN: 14-08-33-2-001-056.000

Alabama Madison County Huntsville 35816 Research Park

1403 Ascent Trail NW, Huntsville, AL

This home is located at 1403 Ascent Trail NW, Huntsville, AL 35816 since 20 May 2022 and is currently estimated at $441,330, approximately $137 per square foot. This property was built in 1980. 1403 Ascent Trail NW is a home located in Madison County with nearby schools including Sonnie Hereford Elementary School, Huntsville Junior High School, and Huntsville High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Alabama MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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