NOT LISTED FOR SALE

318 Falling Water Ln SW Unit 168 Madison, AL 35756

Lake Forest Neighborhood

Estimated Value: $202,000 - $239,000

2 Beds
2.5 Baths
1,280 Sq Ft
$171/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $175,505 $137 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,415/month

Highlights

  • Open Floorplan
  • Community Pool
  • Central Heating and Cooling System
  • Traditional Architecture
  • Tennis Courts

About This Home

As of April 2021

AWESOME 2 STORY TOWNHOME WITH AN OPEN FLOOR PLAN & LOTS OF NATURAL LIGHTING!THE FAMILY ROOM HAS WOOD FLOORING,A FORMAL DINING RM,THE EAT IN KITCHEN HAS TILE FLOORS,PANTRY & SEPARATE LAUNDRY RM,UPSTAIRS THERE ARE 2 BEDROOMS WITH CRPET & CEILING FANS,THE MASTER SUITE HAS A PRIVATE FULL BATH,CENTRAL AIR & HEAT,ENTERTAIN ON THE PATIO IN YOUR PRIVATE COURTYARD SURROUNDED BY A PRIVACY FENCE,A 2 CAR GARAGE.

Last Agent to Sell the Property

David Edwards

Hamlett Property Management License #28688 Listed on: 03/26/2021

Last Buyer's Agent

Lauren Barrett

RE/MAX Today License #107670

RE/MAX Today

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,146

Year Built

  • Built in 2010

Lot Details

  • 2,178

HOA Fees

  • $119 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Slab Foundation

Interior Spaces

  • 1,280 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor

Laundry

  • Dryer
  • Washer

Schools

  • Williams Elementary School
  • Columbia High School

Additional Features

  • Lot Dimensions are 20 x 110
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 168
  • Assessor Parcel Number 2502090000002249

Community Details

Overview

  • Association fees include maintenance structure
  • Gross Builders Association
  • Promenade At River Landng Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,146

Year Built

Built in 2010

Lot Details

0

HOA Fees

$119 per month

Listing Details

  • Living Area: 1280
  • Property Sub Type: Townhouse
  • Prop. Type: Residential
  • Lot Size: 20 x 110
  • Subdivision Name: Promenade At River Landng
  • Architectural Style: Open Floor Plan, Traditional
  • New Construction: No
  • Year Built: 2010
  • Kitchen Level: First
  • Special Features: None

Interior Features

  • Total Bedrooms: 2
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Levels: Two
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Master Bedroom Master Bedroom Level: Second
  • Room Bedroom2 Area: 110
  • Master Bedroom Master Bedroom Width: 13
  • Room Family Room Area: 208
  • Room Bedroom2 Level: Second
  • Room Family Room Level: First
  • Room Kitchen Area: 120
  • Dining Room Dining Room Level: First
  • Room Master Bedroom Area: 169
  • Room Dining Room Area: 100

Exterior Features

  • Foundation Details: Slab

Utilities

  • Heating: Central 1
  • Cooling: Central 1
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Pool, Tennis Court(s)
  • Association Fee: 119
  • Association Fee Frequency: Monthly
  • Association Name: Gross Builders
  • Association: Yes

Fee Information

  • Association Fee Includes: Maintenance Structure

Schools

  • Middle Or Junior School: Williams

Lot Info

  • Parcel Number: 2502090000002249
  • ResoLotSizeUnits: Acres

Green Features

Tax Info

  • Tax Lot: 168

MLS Schools

  • Elementary School: Williams
  • High School: Columbia High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2021
Closed on
Apr 16, 2021
Sold by
Hemsley Derek J
Bought by
Mayfield Timothy
Seller's Agent
David Edwards
Hamlett Property Management
Buyer's Agent
Lauren Barrett
RE/MAX Today
List Price
$169,900
Sold Price
$175,505
Premium/Discount to List
$5,605
3.3%
Current Estimated Value
$219,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,606
Avg. Annual Appreciation
5.67%

Purchase Details

Closed on
Jun 4, 2010
Sold by
Promenade At River Landing Lp
Bought by
Hemsley Derek J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,886
Interest Rate
4.91%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Mayfield Timothy $175,505 None Available
Hemsley Derek J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hemsley Derek J $123,886
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2021 07/15/21 Off Market $175,505 -- --
04/16/2021 04/16/21 Sold $175,505 +3.3% $137 / Sq Ft
04/08/2021 04/08/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $169,900 0.0% $133 / Sq Ft
04/01/2021 04/01/21 Price Changed $169,900 -- $133 / 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 $1,146 $20,580 $4,500 $16,080
2023 $1,146 $20,580 $4,500 $16,080
2022 $1,064 $19,180 $4,500 $14,680
2021 $1,510 $26,040 $5,000 $21,040
2020 $1,288 $11,100 $2,500 $8,600
2019 $576 $10,750 $2,500 $8,250
2018 $581 $10,840 $0 $0
2017 $581 $10,840 $0 $0
2016 $581 $10,840 $0 $0
2015 $581 $10,840 $0 $0
2014 $662 $12,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Edwards

    Seller's Agent in 2021

    David Edwards

    Hamlett Property Management

    2 in this area

    69 Total Sales

    Section Image

  • L

    Buyer's Agent in 2021

    Lauren Barrett

    RE/MAX

    (256) 201-2221

    1 in this area

    16 Total Sales

    Section Image
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Map

Source: ValleyMLS.com

MLS Number: 1777520

ValleyMLS.com

APN: 25-02-09-0-000-002.249

Alabama Madison County Madison 35756 Lake Forest

318 Falling Water Ln SW Unit 168, Madison, AL

This home is located at 318 Falling Water Ln SW Unit 168, Madison, AL 35756 since 26 March 2021 and is currently estimated at $218,625, approximately $170 per square foot. This property was built in 2010. 318 Falling Water Ln SW Unit 168 is a home located in Madison County with nearby schools including Williams Elementary School, Williams Middle School, and Columbia High School.

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