NOT LISTED FOR SALE

409 Spinnaker Ridge Dr Madison, AL 35758

Edgewater Neighborhood

Estimated Value: $433,305 - $516,000

4 Beds
2.5 Baths
3,000 Sq Ft
$152/Sq Ft Est. Value

Sale Details

Date Sold: January 13, 2022

Last sale price $336,600 $112 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,882 / mo

Highlights

  • Sun or Florida Room
  • Great Room
  • Laundry Room
  • Horizon Elementary School Rated A+
  • Breakfast Room
  • Entrance Foyer

About This Home

As of February 2023

Auction held on site, Tuesday, October 19, 2021 @ 6:00 PM. This is a rare opportunity to purchase a 3000 sq ft+- 4Bedroom, 3 Bath brick rancher in Edgewater Subdivision. The home sits on a beautiful corner lot, storage galore and is ready for a new owner to remodel. NO minimum starting bid. This home is just minutes away from excellent schools, dining, shopping, Town Madison (Trash Panda’s Toyota Field), Redstone Arsenal and more. Extremely High Demand Area in Madison that features walking paths by the spring-fed lake, club house with fitness center, tennis courts, playgrounds and pool. This home offers something for everyone in your family.

Last Agent to Rent the Property

Karnice Holloway

Holloway & Associates License #51158 Listed on: 08/09/2022

Last Renter's Agent

Karnice Holloway

Holloway & Associates License #51158 Listed on: 08/09/2022

Home Details

Home Type

  • Single Family

Year Built

  • 1991

HOA Fees

  • $41 per month

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,000 Sq Ft Home
  • Property has 1 Level
  • Entrance Foyer
  • Great Room
  • Breakfast Room
  • Dining Room
  • Sun or Florida Room
  • Laundry Room

Kitchen

  • Oven
  • Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Madison Elementary School
  • Discovery Middle School
  • Bob Jones High School

Utilities

  • Central Heating and Cooling System

Community Details

  • Edgewater Subdivision

Listing and Financial Details

  • 12-Month Minimum Lease Term
  • Tax Lot 1

Home Details

Home Type

Single Family

Year Built

1991

Lot Details

0 Sq Ft Lot

HOA Fees

$41 per month

Rental Info

  • Lease Term: 12 Months

Listing Details

  • Living Area: 3000
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential Lease
  • Subdivision Name: Edgewater
  • Architectural Style: Ranch/1 Story
  • New Construction: No
  • Special Features: None
  • Year Built (Public Record): 1991

Interior Features

  • Total Bedrooms: 4
  • Appliances: Cooktop, Oven, Dishwasher, Microwave, Refrigerator
  • Levels: One
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplace Features: See Remarks
  • Dining Room Type: Foyer, Master Bedroom, Bedroom 2, Dining Room, Bedroom 3, Kitchen, Bedroom 4, Breakfast, Great Room, Laundry, Sun

Exterior Features

  • Construction Type: Brick

Garage/Parking

  • Parking Features: Garage-Two Car

Utilities

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

Schools

  • Middle Or Junior School: Discovery

Green Features

Tax Info

  • Tax Lot: 1

MLS Schools

  • Elementary School: Madison (K-6)
  • High School: Bob Jones

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2021
Closed on
Jan 13, 2022
Sold by
Bought by
Seller's Agent
Beau Cole
Cole Properties Inc.
Buyer's Agent
NonMLSmember MEMBER
NON VALLEYMLS OFFICE
List Price
$336,600
Sold Price
$336,600
Current Estimated Value
$455,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,726
Avg. Annual Appreciation
7.06%
Original Mortgage
$269,280
Outstanding Balance
$247,024
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$208,302
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$336,600 Madison Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $269,280
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/09/2026 02/09/26 Off Market $336,600 -- --
02/10/2025 02/10/25 Off Market $2,600 -- --
02/28/2023 02/28/23 Rented $2,600 -7.0% --
01/12/2023 01/12/23 Price Changed $2,795 -3.5% $1 / Sq Ft
09/09/2022 09/09/22 Price Changed $2,895 -3.5% $1 / Sq Ft
08/09/2022 08/09/22 For Rent $3,000 0.0% --
01/13/2022 01/13/22 Sold $336,600 0.0% $115 / Sq Ft View Prior Sale
10/20/2021 10/20/21 Pending -- -- --
09/25/2021 09/25/21 For Sale $336,600 -- $115 / Sq Ft
Source: ValleyMLS.com

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $4,749 $68,080 $8,000 $60,080
2024 $4,749 $34,040 $4,000 $30,040
2023 $2,376 $34,040 $4,000 $30,040
2022 $4,111 $58,900 $8,000 $50,900
2021 $1,634 $26,120 $4,000 $22,120
2020 $1,500 $24,000 $4,000 $20,000
2019 $1,212 $24,000 $4,000 $20,000
2018 $1,199 $23,740 $0 $0
2017 $0 $23,740 $0 $0
2016 -- $23,740 $0 $0
2015 $1,189 $23,740 $0 $0
2014 -- $25,380 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Karnice Holloway

    Landlord's Agent in 2023

    Karnice Holloway

    Holloway & Associates

    (256) 755-9196

    59 Total Sales

    Karnice Holloway
    Section Image
  • Beau Cole

    Seller's Agent in 2022

    Beau Cole

    Cole Properties Inc.

    (256) 337-1219

    2 in this area

    223 Total Sales

    Beau Cole
    Section Image
  • Tina Garbe

    Seller Co-Listing Agent in 2022

    Tina Garbe

    Leading Edge R.E. Group-Mad.

    (256) 469-0313

    5 in this area

    27 Total Sales

    Tina Garbe
    Section Image

  • N

    Buyer's Agent in 2022

    NonMLSmember MEMBER

    NON VALLEYMLS OFFICE

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Map

Source: ValleyMLS.com

MLS Number: 1815633

ValleyMLS.com

APN: 16-05-22-0-002-029.000

Alabama Madison County Madison 35758 Edgewater

409 Spinnaker Ridge Dr, Madison, AL

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