228 Mainsail Way Madison, AL 35758
Edgewater NeighborhoodEstimated Value: $493,000 - $566,000
4
Beds
3.5
Baths
3,575
Sq Ft
$145/Sq Ft
Est. Value
Highlights
- Main Floor Primary Bedroom
- 2 Fireplaces
- Two cooling system units
- Horizon Elementary School Rated A+
- 2 Car Attached Garage
- Patio
About This Home
As of June 2023THIS HOME QUALIFIES FOR 0 DOWN PAYMENT BACK ON MARKET-BUYERS CHANGED THEIR MIND You'll want to move right into this fantastic family home in Bob Jones school district located in Edgewater Community that has access to club house, pool, tennis courts, lake & gym. Upstairs you'll be drawn into the oversized bedroom with french doors leading to the spacious, private, open air balcony. Oh! And the upstairs bonus is the perfect family game nights hangout space. New HVAC and fresh paint. Come and see it today. You will be so glad you did!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,123
Year Built
- Built in 1998
Lot Details
- 0.29 Acre Lot
- Privacy Fence
- Sprinkler System
Parking
- 2 Car Attached Garage
- Side Facing Garage
- Garage Door Opener
Interior Spaces
- 3,575 Sq Ft Home
- Property has 2 Levels
- 2 Fireplaces
- Crawl Space
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
Outdoor Features
- Patio
Schools
- Journey Middle Elementary School
- Bob Jones High School
Utilities
- Two cooling system units
- Multiple Heating Units
- Underground Utilities
Community Details
- Property has a Home Owners Association
- Edgewater Association, Phone Number (256) 461-8670
- Edgewater Subdivision
Listing and Financial Details
- Legal Lot and Block 18 / 2
- Assessor Parcel Number 1605220002002062
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 29, 2020
Closed on
Nov 10, 2020
Sold by
Wicker Thomas Jay and Wicker Hyung Hi
Bought by
Chalasani Brahmaiah Chowdary
Seller's Agent
Brandy Whitworth
Leading Edge R.E. Group-Mad.
Buyer's Agent
Kimberly Taylor
Legend Realty
List Price
$410,000
Sold Price
$331,000
Premium/Discount to List
-$79,000
-19.27%
Total Days on Market
66
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,737
Avg. Annual Appreciation
10.06%
Purchase Details
Closed on
Apr 11, 2017
Sold by
Wicker Thomas Jay and Yung Wicker H
Bought by
Wicker Thomas Jay and Wicker Hyung Hi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
4.21%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 17, 2008
Sold by
Deutsche Bank Nationa Trust Co
Bought by
Wicker Thomas Jay and Yung Hi Wicker H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
6.06%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 17, 2007
Sold by
Scruggs Elonda
Bought by
Deutsche Bank National Trust Company
Similar Homes in Madison, AL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chalasani Brahmaiah Chowdary | $331,000 | None Available | |
| Wicker Thomas Jay | $330,000 | None Available | |
| Wicker Thomas Jay | -- | -- | |
| Deutsche Bank National Trust Company | $354,083 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Varon Oscar | $440,000 | |
| Closed | Varon Oscar | $443,700 | |
| Closed | Chalasani Brahmiah Chowdary | $150,000 | |
| Previous Owner | Wicker Thomas Jay | $264,000 | |
| Previous Owner | Wicker Thomas Jay | $180,000 | |
| Previous Owner | Wicker Thomas Jay | $215,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/05/2023 06/05/23 | Sold | $493,000 | -1.4% | $138 / Sq Ft |
| 05/03/2023 05/03/23 | Pending | -- | -- | -- |
| 04/22/2023 04/22/23 | Price Changed | $499,999 | -3.8% | $140 / Sq Ft |
| 03/23/2023 03/23/23 | Price Changed | $520,000 | -1.7% | $145 / Sq Ft |
| 03/04/2023 03/04/23 | Price Changed | $529,000 | 0.0% | $148 / Sq Ft |
| 03/04/2023 03/04/23 | For Sale | $529,000 | +1.7% | $148 / Sq Ft |
| 02/27/2023 02/27/23 | Pending | -- | -- | -- |
| 02/25/2023 02/25/23 | For Sale | $520,000 | +57.1% | $145 / Sq Ft |
| 02/08/2021 02/08/21 | Off Market | $331,000 | -- | -- |
| 11/10/2020 11/10/20 | Sold | $331,000 | -5.4% | $93 / Sq Ft |
| 10/08/2020 10/08/20 | Pending | -- | -- | -- |
| 10/04/2020 10/04/20 | Price Changed | $349,900 | -6.7% | $98 / Sq Ft |
| 07/16/2020 07/16/20 | Price Changed | $374,900 | -3.6% | $105 / Sq Ft |
| 06/27/2020 06/27/20 | Price Changed | $389,000 | -5.1% | $109 / Sq Ft |
| 06/18/2020 06/18/20 | For Sale | $410,000 | -- | $115 / Sq Ft |
Source: ValleyMLS.com
Tax History Compared to Growth
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 | $3,123 | $45,480 | $7,500 | $37,980 |
| 2023 | $3,123 | $39,160 | $7,500 | $31,660 |
| 2022 | $2,426 | $35,460 | $5,500 | $29,960 |
| 2021 | $1,916 | $28,120 | $4,000 | $24,120 |
| 2020 | $1,756 | $25,810 | $4,000 | $21,810 |
| 2019 | $1,447 | $25,810 | $4,000 | $21,810 |
| 2018 | $1,440 | $25,700 | $0 | $0 |
| 2017 | $1,430 | $25,700 | $0 | $0 |
| 2016 | $1,579 | $28,120 | $0 | $0 |
| 2015 | $1,579 | $28,120 | $0 | $0 |
| 2014 | $1,668 | $29,840 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Kimberly Taylor
Seller's Agent in 2023
Kimberly Taylor
Legend Realty
(256) 277-7756
3 in this area
129 Total Sales
-
Jennifer Gates
Buyer's Agent in 2023
Jennifer Gates
Legend Realty
(256) 755-4989
1 in this area
40 Total Sales
-
Seller's Agent in 2020
Brandy Whitworth
Leading Edge R.E. Group-Mad.
(256) 604-8887
Map
Source: ValleyMLS.com
MLS Number: 1828493
APN: 16-05-22-0-002-002.062
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