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115 Lansdowne Drive

115 Lansdowne Drive, Madison, AL 35758
Property in Madison
Sold Nov 08, 2016
$285,000
$265,450 by Nations Lending Corp
Mortgage Due Mar 01, 2051
Local assessors in Madison, AL have categorized 115 Lansdowne Drive as a residential type of property. The home was built in 1998 and is 26 years old. The property's lot size has been calculated to be 18,252 square feet. The linear feet between the front and back of the lot was measured at 1,920 ft and the front of the lot was measured at 950 ft. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 115 Lansdowne Drive has a total of 3,382 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is excellent. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. The building has a gable or hip style roof that was made of asphalt. Lots of brick were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 115 Lansdowne Drive sold most recently in Nov 7, 2016 for a total of $285,000. If you work out the math, that's approximately a cost of $84.27 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,956 in taxes each year. 115 Lansdowne Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $43,080. If we break it down further, the land itself was valued at $8,500. Improvements to the property, however, were assessed at a total of $34,580. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Excellent
  • Construction Type: Wood
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 18,252
  • Lot Size Depth Feet: 1,920
  • Lot Size Frontage Feet: 950
  • Total Building Area: 3,382
  • Building Area: 3,382
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 3,382
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CASTLEGATE OF HERITAGE PLANTAT
  • Land Acres: 0.419
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 7 CASTLEGATE OF HERITAGE PLANTATION A RESUB OF TRACT 2 OF HERITAGE PLANTATION PB 34 PG 39

Ownership

  • Current Owner : MORELAND RICKY
  • Previous Owner : OLSON ERIC M
  • Previous Owner 2: OLSON PAMELA E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Madison City School District
  • Census Tract: 011026

Geography

  • Account Number: 439921
  • Subdivision Tract Number: 2
  • Parcel: 16-03-07-3-001-024.000
  • Lot: 7
  • Meridian: SEC 07 TWN 04S RNG 02W
  • Municipality: MADISON
  • Latitude: 34.7063
  • Longitude: -86.7846

    Address

  • Full Address: 115 Lansdowne Dr
  • Address - House Number: 115
  • Address - Street Name: Lansdowne
  • Address - Suffix Type: Dr
  • State: AL
  • City Name: Madison
  • Carrier Code: R024
  • 4-Digit Zip Code: 7613
  • Zip Code: 35758

Valuation

    Tax

  • Total Area: 3,672
  • Tax Year: 2023
  • Tax Amount: $2,956

    Appraisal Valuation

  • Standard Deviation: 0.2471
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 65
  • Final Value: 493,911
  • High Value: 615,980
  • Low Value: 371,842

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $490,450
  • First Open Lien Mortgage Lender: NATIONS LENDING CORP
  • First Open Lien Mortgage Recording Date: Aug 11, 2021
  • First Open Lien Mortgage Loan Amount: $265,450
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2051
  • Second Open Lien Mortgage Lender: REDSTONE FEDERAL CREDIT UNION
  • Second Open Lien Mortgage Recording Date: May 10, 2023
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $225,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $430,700
  • Market Land Value: $85,000
  • Market Improvement Value: $345,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,080
  • Assessed Land Value: $8,500
  • Assessed Improvements Value: $34,580

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 07, 2016
  • Current Sale Recording Date: Nov 08, 2016
  • Current Sale Transaction ID: 1856895945
  • Current Sale Price: $285,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 20161108000643150

    Last Sale Mortgage

  • First Mortgage Lender: FIRST FEDERAL BANK
  • First Mortgage Transaction Date: Nov 08, 2016
  • First Mortgage Loan Amount: $275,793
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Dec 01, 2046

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Frequently Asked Questions

What neighborhood is 115 Lansdowne Drive located in?
The 115 Lansdowne Drive is a located in the neighborhood of Madison in Huntsville, Madison.
What is the average sales price for listings in 115 Lansdowne Drive?
The average sales price for units in 115 Lansdowne Drive is $0 currently.

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