NOT LISTED FOR SALE

1522 Cave Spring Rd Owens Cross Roads, AL 35763

Estimated Value: $327,000 - $642,000

2.91 Acres
$158,612 Price per Acre
126,760 Sq Ft Lot

Last Sold April 18, 2017

Last sale price $40,000

Est. 1,054% increase in value since last sale

Current estimated payment $2,549/month

33 Days on Market

Highlights

  • Lake Front
  • 2.91 Acre Lot
  • Pasture
  • Owens Cross Roads Elementary School Rated A-
  • Wooded Lot
  • Fenced

About This Lot

As of April 2017

Beautiful home site convenient to Hampton Cove, Huntsville, and Redstone Arsenal. Build your dream home among the mature trees at the front of the property, plant a garden next to the fruiting pear tree, and enjoy the fenced pasture at rear with pond. Multiple entrances onto Cave Springs Road & Boyd Rogers Drive. Electric, Cable, Phone at road; fiber going in along Cave Springs Road, two water meters on property. After 100 year flood plain update adopted last year, property is no longer in flood plain, meaning flood insurance not required! Recent ( 2 years) boundary survey available. Live the good, country life under the stars while enjoying

Last Agent to Sell the Property

Phillip Drummond

Capstone Realty License #95108 Listed on: 02/14/2017

Capstone Realty

Last Buyer's Agent

Phillip Drummond

Capstone Realty License #95108 Listed on: 02/14/2017

Capstone Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,214

Lot Details

  • 2.91 Acre Lot
  • Lake Front
  • Property fronts a county road
  • Fenced
  • Level Lot
  • Wooded Lot

Schools

  • Owens Cross Roads Elementary School
  • New Hope High School

Additional Features

  • Pasture
  • Septic Tank

Community Details

  • Metes And Bounds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2205154002086000

Property Details

Property Type

Land

Est. Annual Taxes

$1,214

Lot Details

0

Listing Details

  • Current Use: Acreage
  • Property Sub Type: ACREAGE
  • Prop. Type: Land
  • Lot Size Acres: 2.91
  • Road Frontage Type: County Road
  • Subdivision Name: Metes And Bounds
  • Special Features: None

Exterior Features

  • Fencing: Fenced
  • Lot Features: Corner Lot, Level, Pasture, Wooded
  • Waterfront Features: Lake/Pond, Pond

Utilities

  • Sewer: Septic Tank
  • Water Source: Public

Schools

  • Middle Or Junior School: Owens Cross Roads (K-8)

Lot Info

  • Parcel Number: 2205154002086000
  • Lot Size Sq Ft: 126759.6
  • ResoLotSizeUnits: Acres

Green Features

Tax Info

  • Tax Lot: N/A

MLS Schools

  • Elementary School: Owens Cross Roads
  • High School: New Hope

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2017
Closed on
Apr 18, 2017
Sold by
Woodroof Larry Brain
Bought by
Wathen Joseph and Wathen Brenda
Seller's Agent
Phillip Drummond
Capstone Realty
Buyer's Agent
Phillip Drummond
Capstone Realty
List Price
$44,900
Sold Price
$40,000
Premium/Discount to List
-$4,900
-10.91%
Current Estimated Value
$461,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$421,560
Avg. Annual Appreciation
33.39%
Original Mortgage
$36,000
Outstanding Balance
$29,867
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$431,693

Purchase Details

Closed on
Jun 24, 2014
Sold by
Clouser Doris R and Clouser Anthony
Bought by
Woodroof Larry Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
4.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 19, 2010
Sold by
Rodgers Robert N and Rodgers Mary M
Bought by
Clouser Doris R and Clouser Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
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
Wathen Joseph $40,000 None Available
Woodroof Larry Brian $37,755 None Available
Clouser Doris R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wathen Joseph $36,000
Previous Owner Woodroof Larry Brian $32,000
Previous Owner Clouser Doris R $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2017 07/17/17 Off Market $40,000 -- --
04/18/2017 04/18/17 Sold $40,000 -10.9% --
03/19/2017 03/19/17 Pending -- -- --
02/14/2017 02/14/17 For Sale $44,900 -- --
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 $1,214 $35,020 $5,400 $29,620
2023 $1,214 $34,440 $5,700 $28,740
2022 $1,057 $30,560 $3,480 $27,080
2021 $975 $28,320 $3,480 $24,840
2020 $923 $26,870 $3,410 $23,460
2019 $890 $25,970 $3,410 $22,560
2018 $425 $11,560 $0 $0
2017 $216 $6,440 $0 $0
2016 $502 $14,280 $0 $0
2015 $502 $14,280 $0 $0
2014 $692 $19,480 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Phillip Drummond

    Seller's Agent in 2017

    Phillip Drummond

    Capstone Realty

    (256) 656-2343

    1 in this area

    50 Total Sales

    Phillip Drummond
    Section Image
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Map

Source: ValleyMLS.com

MLS Number: 1062469

ValleyMLS.com

APN: 22-05-15-4-002-086.000

Alabama Madison County Owens Cross Roads 35748

1522 Cave Spring Rd, Owens Cross Roads, AL

This home is located at 1522 Cave Spring Rd, Owens Cross Roads, AL 35763 since 14 February 2017 and is currently estimated at $461,560. 1522 Cave Spring Rd is a home located in Madison County with nearby schools including Owens Cross Roads Elementary School and New Hope High School.

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