NOT LISTED FOR SALE

513 Balsam Terrace Way Huntsville, AL 35824

Edgewater Neighborhood

Estimated Value: $413,263 - $443,000

4 Beds
3 Baths
2,793 Sq Ft
$156/Sq Ft Est. Value

Last Sold February 17, 2017

Last sale price $248,000 $89 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $2,606/month

92 Days on Market

Highlights

  • Newly Remodeled
  • Community Pool
  • Double Pane Windows
  • Clubhouse
  • Tennis Courts
  • Tankless Water Heater

About This Home

As of February 2017

The Grayson in Natures Landing at The Reserve. Sprawling Rancher features Four Bedrooms and Three full Baths. This Open Concept Design offers a formal Dining Room with Beautiful Architectural Detailing, Large Great Room and Incredible Kitchen with upgraded Raised Panel Cabinets and bigBreakfast area. Gorgeous 5" Hand-scraped Hardwood throughout living Areas. The Master Bedrooms is isolated with a Glamour Bath and Walk-in Closet which also accesses the Laundry Room. Covered Porch in back, Tankless Water Heater, Elegant Tile Shower, Two Bay Garage. Filled with the amenities you expect. Photos are of a similar home. Options, colors and finishes may vary. Price Reflects all applied incentives.

Last Agent to Sell the Property

Shauna Wesson

RealtySouth Huntsville License #78752 Listed on: 08/13/2016

RealtySouth Huntsville

Co-Listed By

Peter Burge

RealtySouth Huntsville License #100475

Last Buyer's Agent

Pat Carter

Weichert Realtors-The Sp Plce License #69188

Weichert Realtors-The Sp Plce

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,213

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • Lot Dimensions are 71 x 135

HOA Fees

  • $33 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Radiant Roof Barriers

Interior Spaces

  • 2,793 Sq Ft Home
  • Property has 1 Level
  • Gas Log Fireplace
  • Double Pane Windows

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Schools

  • Williams Elementary School
  • Columbia High School

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Tankless Water Heater

Listing and Financial Details

  • Tax Lot 201
  • Assessor Parcel Number 1608280000001066

Community Details

Overview

  • Natures Landing At The Reserve 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

$2,213

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

HOA Fees

$33 per month

Listing Details

  • Living Area: 2793
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 71 x 135
  • Co List Office Mls Id: 142900
  • Subdivision Name: Natures Landing At The Reserve
  • Architectural Style: Ranch/1 Story
  • New Construction: Yes
  • Efficiency: Thermostat, Radian Roof Barrier, Tank-less Water Heater
  • Property Attached Yn: No
  • Year Built: 2016
  • Kitchen Level: First
  • Special Features: 4098

Interior Features

  • Total Bedrooms: 4
  • Appliances: Dishwasher, Disposal, Microwave, Range
  • Levels: One
  • Full Bathrooms: 3
  • Fireplace Features: Gas Log, One
  • Fireplaces: 1
  • Fireplace: Yes
  • Window Features: Double Pane Windows
  • Room Bedroom4 Area: 204
  • Room Bedroom4 Level: First
  • Room Bedroom3 Area: 165
  • Master Bedroom Master Bedroom Level: First
  • Room Bedroom2 Area: 168
  • Room Bedroom3 Level: First
  • Master Bedroom Master Bedroom Width: 17
  • Room Family Room Area: 432
  • Room Bedroom2 Level: First
  • Room Family Room Level: First
  • Room Kitchen Area: 196
  • Dining Room Dining Room Level: First
  • Room Master Bedroom Area: 238
  • Room Dining Room Area: 144

Exterior Features

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

Utilities

  • Heating: Central 1
  • Cooling: Central 1
  • Sewer: Public Sewer
  • 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: Natures Landing At The Reserve
  • Association: Yes

Schools

  • Middle Or Junior School: Williams

Lot Info

  • Parcel Number: 1608280000001066
  • ResoLotSizeUnits: Acres

Green Features

Tax Info

  • Tax Lot: 201

MLS Schools

  • Elementary School: Williams
  • High School: Columbia High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2016
Closed on
Feb 17, 2017
Sold by
Valor Communities Llc
Bought by
Hatch Russell Sumeo and Khani Elaheh
Seller's Agent
Shauna Wesson
RealtySouth Huntsville
Buyer's Agent
Pat Carter
Weichert Realtors-The Sp Plce
List Price
$254,825
Sold Price
$248,000
Premium/Discount to List
-$6,825
-2.68%
Current Estimated Value
$436,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,313
Avg. Annual Appreciation
6.80%
Original Mortgage
$253,332
Interest Rate
4.2%
Mortgage Type
VA
Source: Public Records

Range of Values:

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Average Value
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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
Hatch Russell Sumeo $248,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hatch Russell S $300,139
Closed Hatch Russell Sumeo $245,700
Closed Hatch Russell Sumeo $253,332
Previous Owner Valor Communities Llc $196,500
Previous Owner W A Glover Construction Inc $152,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2017 05/18/17 Off Market $248,000 -- --
02/17/2017 02/17/17 Sold $248,000 -2.7% $89 / Sq Ft
01/17/2017 01/17/17 Pending -- -- --
10/17/2016 10/17/16 For Sale $254,825 -- $91 / 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 $2,213 $38,980 $6,000 $32,980
2023 $2,213 $38,980 $6,000 $32,980
2022 $1,867 $33,020 $5,000 $28,020
2021 $1,545 $27,460 $3,500 $23,960
2020 $1,405 $25,060 $3,500 $21,560
2019 $1,356 $24,190 $3,500 $20,690
2018 $1,354 $24,180 $0 $0
2017 $1,232 $19,860 $0 $0
2016 $325 $5,600 $0 $0
2015 $325 $5,600 $0 $0
2014 -- $5,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Shauna Wesson

    RealtySouth

    (256) 503-6483

    301 Total Sales

    Section Image

  • P

    Seller Co-Listing Agent in 2017

    Peter Burge

    RealtySouth

    Section Image
  • Pat Carter

    Buyer's Agent in 2017

    Pat Carter

    Weichert Realtors The Space Place

    (256) 714-2392

    1 in this area

    24 Total Sales

    Section Image
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Map

Source: ValleyMLS.com

MLS Number: 1051641

ValleyMLS.com

APN: 16-08-28-0-000-001.062

Alabama Madison County Huntsville 35824 Edgewater

513 Balsam Terrace Way, Huntsville, AL

This home is located at 513 Balsam Terrace Way, Huntsville, AL 35824 since 13 August 2016 and is currently estimated at $434,816, approximately $155 per square foot. This property was built in 2016. 513 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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