NOT LISTED FOR SALE

516 Balsam Terrace Way SW Huntsville, AL 35824

Edgewater Neighborhood

Estimated Value: $474,626 - $513,000

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

Last Sold July 25, 2018

Last sale price $294,013 $91 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $2,920/month

123 Days on Market

Highlights

  • Newly Remodeled
  • 1 Fireplace
  • Tennis Courts
  • Clubhouse
  • Community Pool
  • Two cooling system units

About This Home

As of July 2018

The Florence II Formal Living Room/Office & 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, Granite Counter Tops, Double Wall Ovens and Countertop Gas Range, 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/ BR 5 upstairs with half bath! Great Three Car Garage and Covered Patio. Incredible spacious back yard, huge corner lot. Photos are of a similar home.

Last Agent to Sell the Property

Shauna Wesson

RealtySouth Huntsville License #78752 Listed on: 02/18/2018

RealtySouth Huntsville

Co-Listed By

Peter Burge

RealtySouth Huntsville License #100475

Last Buyer's Agent

Julie McGregor

New Direction Realty Group License #116307

New Direction Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,709

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • Lot Dimensions are 105 x 122

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

  • 5 Bedrooms

Schools

  • Williams Elementary School
  • Columbia High School

Utilities

  • Two cooling system units
  • Multiple Heating Units
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 181

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

$2,709

Year Built

Built in 2018 | 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: 105 x 122
  • 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: 2018
  • RoomBedroom1Level: Second
  • Kitchen Level: First
  • Special Features: 4098

Interior Features

  • Total Bedrooms: 5
  • 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 2, Natural Gas
  • Cooling: Central 2
  • 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: Hughes Property
  • Association: Yes

Schools

  • Middle Or Junior School: Williams

Lot Info

  • Parcel Number: 0000000000000000
  • ResoLotSizeUnits: Acres

Green Features

Tax Info

  • Tax Lot: 181

MLS Schools

  • Elementary School: Williams
  • High School: Columbia High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2018
Closed on
Jul 25, 2018
Sold by
Valor Communities Llc
Bought by
Nicholson Alice F and Nicholson Russell L
Seller's Agent
Shauna Wesson
RealtySouth Huntsville
Buyer's Agent
Julie McGregor
New Direction Realty Group
List Price
$294,013
Sold Price
$294,013
Current Estimated Value
$486,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,055
Avg. Annual Appreciation
7.53%
Original Mortgage
$264,600
Outstanding Balance
$168,997
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$321,295
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
Nicholson Alice F $294,013 First American Mortgage Solu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nicholson Russell Lee $120,000
Open Nicholson Alice F $264,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2018 10/23/18 Off Market $294,013 -- --
07/25/2018 07/25/18 Sold $294,013 0.0% $91 / Sq Ft
06/21/2018 06/21/18 Pending -- -- --
06/13/2018 06/13/18 For Sale $294,013 0.0% $91 / Sq Ft
06/12/2018 06/12/18 Pending -- -- --
06/06/2018 06/06/18 Price Changed $294,013 +1.4% $91 / Sq Ft
05/21/2018 05/21/18 Price Changed $289,900 -1.2% $90 / Sq Ft
02/26/2018 02/26/18 Price Changed $293,497 +0.3% $91 / Sq Ft
02/18/2018 02/18/18 For Sale $292,597 -- $90 / 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 $2,709 $47,540 $6,000 $41,540
2023 $2,709 $47,540 $6,000 $41,540
2022 $2,211 $38,940 $5,000 $33,940
2021 $1,886 $33,340 $3,500 $29,840
2020 $1,713 $30,350 $3,500 $26,850
2019 $1,649 $29,260 $3,500 $25,760
2018 $325 $5,600 $0 $0
2017 $325 $5,600 $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 2018

    Shauna Wesson

    RealtySouth

    (256) 503-6483

    302 Total Sales

    Section Image

  • P

    Seller Co-Listing Agent in 2018

    Peter Burge

    RealtySouth

    Section Image
  • Julie McGregor

    Buyer's Agent in 2018

    Julie McGregor

    New Direction Realty Group

    (256) 224-2494

    17 Total Sales

    Section Image
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Map

Source: ValleyMLS.com

MLS Number: 1087414

ValleyMLS.com

APN: 16-08-28-0-000-001.050

Alabama Madison County Huntsville 35824 Edgewater

516 Balsam Terrace Way SW, Huntsville, AL

This home is located at 516 Balsam Terrace Way SW, Huntsville, AL 35824 since 18 February 2018 and is currently estimated at $493,157, approximately $152 per square foot. This property was built in 2018. 516 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.

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