$125,000
SOLD SEP 29, 2017

228 Falling Water Ln SW Madison, AL 35756

Lake Forest Neighborhood
2 Beds
2.5 Baths
1,679 Sq Ft
$114/mo HOA Fee

Recently Sold

$74 Per Sq Ft

4% Below List Price

218 Days on Market

Highlights

  • Clubhouse
  • Tennis Courts
  • Central Heating and Cooling System
  • Community Pool
  • Double Pane Windows
  • Storm Doors

About This Home

As of March 2024

Beautiful 2 Bedrooms, 3 Baths low maintenance Townhouse. SunRoom can be use as Formal Dining room, Sliding door to tranquil patio and backyard. 2 bedrooms and 2 baths upstairs with additional Loft area. River Landing HOA includes use of the amazing Pool, Clubhouse, Fitness Center, Playground and Tennis Court. Townhouse is within minutes to Shopping, Tons of Restaurants, Redstone Arsenal, Airport, and 565.

Last Agent to Sell the Property

Julie Green

MarMac Real Estate License #103422 Listed on: 01/25/2017

MarMac Real Estate

Last Buyer's Agent

Sandra Vann

Legend Realty License #30908

Legend Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,339

Year Built

  • Built in 2008

HOA Fees

  • $114 Monthly HOA Fees

Home Design

  • Slab Foundation

Interior Spaces

  • 1,679 Sq Ft Home
  • Property has 2 Levels
  • Double Pane Windows

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor

Home Security

Schools

  • Williams Elementary School
  • Columbia High School

Additional Features

  • Lot Dimensions are 24 x 124 x 20 x 129
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 75
  • Assessor Parcel Number 2502090000002060

Community Details

Overview

  • Association fees include maintenance structure, insurance, pest control, termite contract, ground maintenance
  • River Landing Association
  • Promenade At River Landng Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool

Security

  • Storm Doors

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,339

Year Built

Built in 2008

Lot Details

0

HOA Fees

$114 per month

Listing Details

  • Living Area: 1679
  • Property Sub Type: Townhouse
  • Prop. Type: Residential
  • Lot Size: 24 x 124 x 20 x 129
  • Subdivision Name: Promenade At River Landng
  • New Construction: No
  • Year Built: 2008
  • Kitchen Level: First
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 2
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Levels: Two
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Window Features: Double Pane Windows
  • Master Bedroom Master Bedroom Level: Second
  • Room Bedroom2 Area: 120
  • Master Bedroom Master Bedroom Width: 13
  • Room Family Room Area: 210
  • Room Bedroom2 Level: Second
  • Room Family Room Level: First
  • Room Kitchen Area: 120
  • Dining Room Dining Room Level: First
  • Room Master Bedroom Area: 195
  • Room Dining Room Area: 90

Exterior Features

  • Foundation Details: Slab

Utilities

  • Heating: Central 1
  • Cooling: Central 1
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Clubhouse, Common Grounds, Pool, Tennis Court(s)
  • Association Fee: 114
  • Association Fee Frequency: Monthly
  • Association Name: River Landing
  • Association: Yes

Fee Information

  • Association Fee Includes: Maintenance Structure, Insurance, Pest Control, Termite Contract, Maintenance Grounds

Schools

  • Middle Or Junior School: Williams

Lot Info

  • Parcel Number: 2502090000002060
  • ResoLotSizeUnits: Acres

Green Features

Tax Info

  • Tax Lot: 75

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
Keller Williams Realty
Buyer's Agent
Regina Underwood
CRYE-LEIKE REALTORS - Madison
List Price
$259,900
Sold Price
$259,900
Views
412
Current Estimated Value
$237,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,411
Avg. Annual Appreciation
-2.50%
Original Mortgage
$255,192
Outstanding Balance
$252,483
Interest Rate
6.77%
Mortgage Type
FHA
Estimated Equity
-$1,322

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 Type Sale Price Title Company
Warranty Deed $259,900 None Listed On Document
Deed $125,000 None Available
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $255,192 FHA
Previous Owner $157,995 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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 $1,339 $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

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Map

Source: ValleyMLS.com

MLS Number: 1061098

ValleyMLS.com

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