NOT LISTED FOR SALE

506 Balsam Terrace Way Huntsville, AL 35824

Edgewater Neighborhood

Estimated Value: $437,067 - $521,000

4 Beds
5 Baths
3,234 Sq Ft
$152/Sq Ft Est. Value

Last Sold February 28, 2017

Last sale price $280,000 $87 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $2,906/month

287 Days on Market

Highlights

  • Newly Remodeled
  • 1 Fireplace
  • Tennis Courts
  • Clubhouse
  • Community Pool
  • Central Heating and Cooling System

About This Home

As of February 2017

Free Fence and Blinds!!! Ready!!The Florence II by Valor Communities. This spacious home is ideal for Modern Huntsville Living! It features a formal Living Room/Office with French Doors & Dining Room plus a large Great Room with Gas Fireplace. Extensive Wainscoting, Two Piece Crown Molding, Trey Ceilings and Gorgeous 5" Hand-Scraped Hardwood. The Huge Open Concept Kitchen has tons of cabinets, upgraded Granite Counter Tops, a convenient Double Oven Gas Range, Pendant Lighting and an awesome Desk/Technology Center. Isolated Master Suite has large walk-in closet and Glam Bath with Tile Shower.4 Bedrooms plus a *HUGE* Media Room upstairs with half bath! Great Three Car Garage and Covered Patio.

Last Agent to Sell the Property

Shauna Wesson

RealtySouth Huntsville License #78752 Listed on: 03/14/2016

RealtySouth Huntsville

Co-Listed By

Peter Burge

RealtySouth Huntsville License #100475

Last Buyer's Agent

Carol Neal

Dynasty Real Estate Services License #62531

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,578

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • 10,454

HOA Fees

  • $33 Monthly HOA Fees

Home Design

  • Slab Foundation

Interior Spaces

  • 3,234 Sq Ft Home
  • Property has 1 Level
  • 1 Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Williams Elementary School
  • Columbia High School

Additional Features

  • Lot Dimensions are 125 x 143 x 40 x 72 x 83
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 176

Community Details

Overview

  • Hughes Property Association
  • Built by VALOR COMMUNITIES LLC
  • Natures Landing At The Reserve Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,578

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

HOA Fees

$33 per month

Listing Details

  • Living Area: 3234
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 125 x 143 x 40 x 72 x 83
  • Co List Office Mls Id: 142900
  • Subdivision Name: Natures Landing At The Reserve
  • Architectural Style: Ranch/1 Story
  • New Construction: Yes
  • Property Attached Yn: No
  • Year Built: 2016
  • Kitchen Level: First
  • Special Features: 4098

Interior Features

  • Total Bedrooms: 4
  • Levels: One and One Half, One
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Fireplace Features: One
  • Fireplaces: 1
  • Fireplace: Yes
  • Room Bedroom4 Area: 143
  • Room Bedroom4 Level: First
  • Living Room Living Room Level: First
  • Room Bedroom3 Area: 132
  • Master Bedroom Master Bedroom Level: First
  • Room Bedroom2 Area: 168
  • Room Bedroom3 Level: First
  • Master Bedroom Master Bedroom Width: 19
  • Room Family Room Area: 400
  • Room Bedroom2 Level: First
  • Room Family Room Level: First
  • Room Living Room Area: 156
  • Room Kitchen Area: 126
  • Dining Room Dining Room Level: First
  • Room Master Bedroom Area: 380
  • Room Dining Room Area: 132

Exterior Features

  • Builder Name: VALOR COMMUNITIES LLC
  • Foundation Details: Slab
  • Property Condition: New Construction

Utilities

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

Condo/Co-op/Association

  • Amenities: Clubhouse, Pool, Tennis Court(s)
  • Association Fee: 400
  • Association Fee Frequency: Annually
  • Association Name: Hughes Property
  • Association: Yes

Schools

  • Middle Or Junior School: Williams

Lot Info

  • Parcel Number: 0000000000000000
  • ResoLotSizeUnits: Acres

Green Features

Tax Info

  • Tax Lot: 176

MLS Schools

  • Elementary School: Williams
  • High School: Columbia High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2016
Closed on
Feb 28, 2017
Sold by
Valor Communities Llc
Bought by
Slovak Mike and Slovak Teresa
Seller's Agent
Shauna Wesson
RealtySouth Huntsville
Buyer's Agent
Carol Neal
Dynasty Real Estate Services
List Price
$286,900
Sold Price
$280,000
Premium/Discount to List
-$6,900
-2.41%
Current Estimated Value
$487,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,828
Avg. Annual Appreciation
6.98%
Original Mortgage
$60,000
Outstanding Balance
$50,240
Interest Rate
4.09%
Mortgage Type
New Conventional
Estimated Equity
$445,985
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
Slovak Mike $280,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Slovak Mike $60,000
Previous Owner Valor Communities Llc $211,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2017 05/30/17 Off Market $280,000 -- --
02/28/2017 02/28/17 Sold $280,000 -2.4% $87 / Sq Ft
02/09/2017 02/09/17 Pending -- -- --
04/28/2016 04/28/16 For Sale $286,900 -- $89 / 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 $2,578 $45,280 $6,000 $39,280
2023 $2,578 $45,280 $6,000 $39,280
2022 $2,139 $37,700 $5,000 $32,700
2021 $1,649 $29,260 $3,500 $25,760
2020 $1,499 $26,680 $3,500 $23,180
2019 $1,445 $25,740 $3,500 $22,240
2018 $1,452 $25,860 $0 $0
2017 $3,265 $51,720 $0 $0
2016 $325 $5,600 $0 $0
2015 $325 $5,600 $0 $0
2014 $325 $5,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Shauna Wesson

    RealtySouth

    (256) 503-6483

    298 Total Sales

    Section Image

  • P

    Seller Co-Listing Agent in 2017

    Peter Burge

    RealtySouth

    Section Image
  • Carol Neal

    Buyer's Agent in 2017

    Carol Neal

    Dynasty Real Estate Services

    (256) 679-6232

    85 Total Sales

    Section Image
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Map

Source: ValleyMLS.com

MLS Number: 1016328

ValleyMLS.com

APN: 16-08-28-0-000-001.045

Alabama Madison County Huntsville 35824 Edgewater

506 Balsam Terrace Way, Huntsville, AL

This home is located at 506 Balsam Terrace Way, Huntsville, AL 35824 since 14 March 2016 and is currently estimated at $490,267, approximately $151 per square foot. This property was built in 2016. 506 Balsam Terrace Way 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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