$450,000
$25K PRICE DROP

507 Balsam Terrace Way SW Huntsville, AL 35824

Edgewater Neighborhood

Estimated payment $2,614/month

Total Views 4,744
4 Beds
3 Baths
3,178 Sq Ft
$142 Price per Sq Ft

Highlights

  • Clubhouse
  • Main Floor Primary Bedroom
  • Tennis Courts
  • Vaulted Ceiling
  • Bonus Room
  • Covered Patio or Porch

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.

Listing Agent

Roger Wallace

RE/MAX Today License #120514 Listed on: 07/24/2025

RE/MAX Today

Co-Listing Agent

Ivonne Campbell

RE/MAX Today License #100915

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,445

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
  • Primary Bedroom on Main

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,445

Year Built

Built in 2014

Lot Details

0

HOA Fees

$33 per month

Listing Details

  • Living Area: 3178
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.2
  • Co List Office Mls Id: 204600
  • Subdivision Name: Natures Landing At The Reserve
  • New Construction: No
  • Property Attached Yn: No
  • Year Built: 2014
  • RoomMasterBathroomLevel: First
  • Kitchen Level: First
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Levels: Two
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Fireplace Features: Gas Log, One
  • Fireplaces: 1
  • Fireplace: Yes
  • Dining Room Type: Foyer, Master Bedroom, Living Room, Bedroom 2, Dining Room, Bedroom 3, Kitchen, Bedroom 4, Breakfast, Bonus Room, Laundry, Bathroom 1, Master Bathroom, Bath:Guest3/4
  • Bathroom 1 Area: 54
  • Room Bedroom4 Area: 210
  • Room Bedroom4 Level: Second
  • Living Room Living Room Level: First
  • Room Bedroom3 Area: 156
  • Master Bedroom Master Bedroom Level: First
  • Room Bedroom2 Area: 144
  • Room Bedroom3 Level: First
  • Master Bedroom Master Bedroom Width: 19
  • Room Bedroom2 Level: First
  • Bathroom 1 Level: First
  • Room Living Room Area: 336
  • Room Kitchen Area: 156
  • Dining Room Dining Room Level: First
  • Room Master Bedroom Area: 266
  • Room Dining Room Area: 182

Exterior Features

  • Construction Type: Brick
  • Exterior Features: Drive-Concrete
  • Foundation Details: Slab
  • Patio And Porch Features: Covered Patio

Garage/Parking

  • Parking Features: Garage-Two Car, Garage-Attached

Utilities

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

Condo/Co-op/Association

  • Community Features: Clubhouse, Tennis Court(s)
  • Association Fee: 400
  • Association Fee Frequency: Annually
  • Association Name: The Reserve Owners Association
  • Association: Yes

Schools

  • Middle Or Junior School: Williams

Lot Info

  • Parcel Number: 1608280000001059
  • Lot Size Sq Ft: 8712

Green Features

Tax Info

  • Tax Lot: 198

MLS Schools

  • Elementary School: Williams
  • High School: Columbia High

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $2,445 $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 Change Sq Ft Price
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
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
Open $205,650 New Conventional
Open $360,000 Future Advance Clause Open End Mortgage
Previous Owner $192,500 Future Advance Clause Open End Mortgage
Previous Owner $204,000 Construction
Source: Public Records

Source: ValleyMLS.com

MLS Number: 21894959

ValleyMLS.com

APN: 16-08-28-0-000-001.059

Alabama Madison County Huntsville 35824 Edgewater

507 Balsam Terrace Way SW, Huntsville, AL

This home is located at 507 Balsam Terrace Way SW, Huntsville, AL 35824 and is currently priced at $450,000, approximately $141 per square foot. This property was built in 2014. 507 Balsam Terrace Way SW is a home located in Madison County with nearby schools including Williams Elementary School, Williams Middle School, and Columbia High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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