NOT LISTED FOR SALE

228 Falling Water Ln SW Madison, AL 35756

Lake Forest Neighborhood

Estimated Value: $228,000 - $262,000

2 Beds
2.5 Baths
1,679 Sq Ft
$146/Sq Ft Est. Value

Last Sold March 27, 2024

Last sale price $259,900 $155 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $1,406/month

136 Days on Market

Highlights

  • Cooling Available
  • 2 Car Garage
  • Heating Available

About This Home

As of March 2024

100% financing options are available for this home. Outstanding 2-bedroom 3 bath Townhouse with spacious rooms, open floor plan, soaring ceilings, private cozy patio backs up beautiful green space. Walk in closets, freshly painted epoxy on the garage floor, fresh paint inside the house, wonderful neighborhood amenities include yard maintenance, common areas, swimming pool, clubhouse, tennis courts and so much more. Wonderful convenient location, good schools, please come see this amazing home today!

Last Agent to Sell the Property

Ashleigh Green

KW Huntsville Keller Williams License #76458 Listed on: 10/06/2023

KW Huntsville Keller Williams

Last Buyer's Agent

Regina Underwood

CRYE-LEIKE REALTORS - Madison License #64300

CRYE-LEIKE REALTORS - Madison

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,395

Year Built

  • Built in 2008

Lot Details

  • 3,049

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 1,679 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor

Schools

  • Williams Elementary School
  • Columbia High School

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • Property has a Home Owners Association
  • Promenade Association, Phone Number (440) 237-1681
  • Promenade At River Landng Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2502090000002.060

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,395

Year Built

Built in 2008

Lot Details

0

Parking

2

Listing Details

  • Living Area: 1679
  • Property Sub Type: Townhouse
  • Prop. Type: Residential
  • Subdivision Name: Promenade At River Landng
  • Carport Y N: No
  • Garage Yn: Yes
  • Year Built: 2008
  • Kitchen Level: First
  • Special Features: None

Interior Features

  • Total Bedrooms: 2
  • Levels: Two
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Living Room Living Room Level: First
  • Master Bedroom Master Bedroom Level: Second
  • Room Bedroom2 Level: Second
  • Dining Room Dining Room Level: First

Exterior Features

  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Two Car Garage

Utilities

  • Heating: Electric
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Name: Promenade
  • Phone: 440-237-1681
  • Association: Yes

Schools

  • Middle Or Junior School: Williams

Lot Info

  • Parcel Number: 2502090000002.060
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Williams
  • High School: Columbia High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2023
Closed on
Mar 27, 2024
Sold by
Howell Cherry
Bought by
Phillips William T and Hopkins Marissa
Seller's Agent
Ashleigh Green
KW Huntsville Keller Williams
Buyer's Agent
Regina Underwood
CRYE-LEIKE REALTORS - Madison
List Price
$259,900
Sold Price
$259,900
Views
412
Current Estimated Value
$245,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,625
Avg. Annual Appreciation
-3.53%
Original Mortgage
$255,192
Outstanding Balance
$250,588
Interest Rate
6.5%
Mortgage Type
FHA
Estimated Equity
-$5,313

Purchase Details

Listed on
Jan 25, 2017
Closed on
Sep 29, 2017
Sold by
Green Patrick S and Green Angela C
Bought by
Howell Cherry
Seller's Agent
Julie Green
MarMac Real Estate
Buyer's Agent
Sandra Vann
Legend Realty
List Price
$129,900
Sold Price
$125,000
Premium/Discount to List
-$4,900
-3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.92%

Purchase Details

Closed on
Jun 3, 2009
Sold by
Promenade At River Landing Lp
Bought by
Green Patrick S and Green Angela C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,995
Interest Rate
4.77%
Mortgage Type
FHA
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
Phillips William T $259,900 None Listed On Document
Howell Cherry $125,000 None Available
Green Patrick S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phillips William T $255,192
Previous Owner Green Patrick S $157,995
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/27/2024 03/27/24 Sold $259,900 0.0% $155 / Sq Ft
10/06/2023 10/06/23 For Sale $259,900 +107.9% $155 / Sq Ft
12/31/2017 12/31/17 Off Market $125,000 -- --
09/29/2017 09/29/17 Sold $125,000 -3.8% $74 / Sq Ft View Prior Sale
08/31/2017 08/31/17 Pending -- -- --
07/28/2017 07/28/17 For Sale $129,900 0.0% $77 / Sq Ft
07/28/2017 07/28/17 Price Changed $129,900 +3.9% $77 / Sq Ft
07/26/2017 07/26/17 Off Market $125,000 -- --
05/24/2017 05/24/17 Price Changed $134,900 -0.7% $80 / Sq Ft
03/10/2017 03/10/17 Price Changed $135,900 -2.9% $81 / Sq Ft
01/25/2017 01/25/17 For Sale $139,900 -- $83 / 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 $1,395 $23,920 $4,500 $19,420
2023 $1,339 $23,920 $4,500 $19,420
2022 $1,242 $22,240 $4,500 $17,740
2021 $835 $15,220 $2,500 $12,720
2020 $699 $12,880 $2,500 $10,380
2019 $675 $12,460 $2,500 $9,960
2018 $679 $12,540 $0 $0
2017 $727 $12,540 $0 $0
2016 $679 $12,540 $0 $0
2015 $679 $12,540 $0 $0
2014 $792 $14,480 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ashleigh Green

    Seller's Agent in 2024

    Ashleigh Green

    KW Huntsville Keller Williams

    (256) 527-0185

    5 in this area

    126 Total Sales

    Ashleigh Green
    Section Image
  • Regina Underwood

    Buyer's Agent in 2024

    Regina Underwood

    Crye-Leike

    (256) 508-6874

    6 in this area

    73 Total Sales

    Regina Underwood
    Section Image
  • Julie Green

    Seller's Agent in 2017

    Julie Green

    MarMac Real Estate

    (256) 642-6787

    46 Total Sales

    Julie Green
    Section Image
  • Sandra Vann

    Buyer's Agent in 2017

    Sandra Vann

    Legend Realty

    (256) 679-6628

    81 Total Sales

    Sandra Vann
    Section Image
See All Agents

Map

Source: ValleyMLS.com

MLS Number: 21845318

ValleyMLS.com

APN: 25-02-09-0-000-002.060

Alabama Madison County Madison 35756 Lake Forest

228 Falling Water Ln SW, Madison, AL

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