507 Balsam Terrace Way SW Huntsville, AL 35824
Edgewater NeighborhoodEstimated payment $2,597/month
Total Views
27,691
4
Beds
3
Baths
3,178
Sq Ft
$142
Price per Sq Ft
Highlights
- Clubhouse
- Bonus Room
- Covered Patio or Porch
- Vaulted Ceiling
- Tennis Courts
- Breakfast Room
About This Home
Elegantly crafted 2-story home just minutes from Redstone Arsenal and Towne Madison. Vaulted ceilings, gleaming hardwoods, and refined crown molding create timeless appeal. Most living space is on the main level with three bedrooms, while upstairs offers a generous bonus room, additional bedroom, and full bath—ideal for guests. The gourmet kitchen boasts granite countertops and a spacious pantry. Abundant storage includes a large floored attic. Enjoy a lifestyle surrounded by serene lakes and scenic walking trails, blending comfort, elegance, and nature.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,494
Year Built
- Built in 2014
HOA Fees
- $33 Monthly HOA Fees
Parking
- 2 Car Garage
Home Design
- Brick Exterior Construction
- Slab Foundation
Interior Spaces
- 3,178 Sq Ft Home
- Property has 2 Levels
- Crown Molding
- Vaulted Ceiling
- Gas Log Fireplace
- Entrance Foyer
- Living Room
- Breakfast Room
- Dining Room
- Bonus Room
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
Schools
- Williams Elementary School
- Columbia High School
Additional Features
- Covered Patio or Porch
- 8,712 Sq Ft Lot
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 198
- Assessor Parcel Number 1608280000001059
Community Details
Overview
- The Reserve Owners Association
- Natures Landing At The Reserve Subdivision
Amenities
- Clubhouse
Recreation
- Tennis Courts
Map
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Home Values in the Area
Average Home Value in this Area
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 | $2,494 | $42,980 | $6,000 | $36,980 |
| 2023 | $2,445 | $42,980 | $6,000 | $36,980 |
| 2022 | $2,033 | $35,880 | $5,000 | $30,880 |
| 2021 | $1,578 | $28,040 | $3,500 | $24,540 |
| 2020 | $1,436 | $25,580 | $3,500 | $22,080 |
| 2019 | $1,385 | $24,690 | $3,500 | $21,190 |
| 2018 | $1,383 | $24,680 | $0 | $0 |
| 2017 | $1,383 | $24,680 | $0 | $0 |
| 2016 | $1,383 | $24,680 | $0 | $0 |
| 2015 | $3,113 | $49,340 | $0 | $0 |
| 2014 | $325 | $5,600 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/19/2025 09/19/25 | Price Changed | $450,000 | -3.2% | $142 / Sq Ft | |
| 08/22/2025 08/22/25 | Price Changed | $465,000 | -2.1% | $146 / Sq Ft | |
| 07/24/2025 07/24/25 | For Sale | $475,000 | +97.1% | $149 / Sq Ft | |
| 08/17/2015 08/17/15 | Off Market | $241,000 | -- | -- | |
| 05/18/2015 05/18/15 | Sold | $241,000 | -5.5% | $81 / Sq Ft | View Prior Sale |
| 03/29/2015 03/29/15 | Pending | -- | -- | -- | |
| 10/09/2014 10/09/14 | For Sale | $255,000 | -- | $85 / Sq Ft |
Source: ValleyMLS.com
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $241,000 | None Available | |
| Warranty Deed | $42,300 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $192,500 | Future Advance Clause Open End Mortgage |
Source: Public Records
About the Listing Agent
Roger Wallace is the team lead for the Keyfinders Group at RE/MAX TODAY in Huntsville, Alabama. With a focus on "Happy Clients," Roger and his team of full-time agents are known for their exceptional service to both first-time buyers and seasoned homeowners.
The Keyfinders Group has a proven track record of success, earning the prestigious Chairman's Club award. This accolade recognizes their high-level production and commitment to excellence. Their collaborative approach and deep
Roger's Other Listings
Source: ValleyMLS.com
MLS Number: 21894959
APN: 16-08-28-0-000-001.059
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