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118 Shorewood Lane

118 Shorewood Lane, Huntsville, AL 35811
Property in Madison
Sold May 19, 2022
$175,000
$164,900 by Rocket Mortgage Llc
Mortgage Due Jun 01, 2052
Sold Mar 20, 2013
$122,000
$126,026 by Mortgage Limited Liability Co
Mortgage Due Apr 01, 2043
Local assessors in Huntsville, AL have categorized 118 Shorewood Lane as a residential type of property. The home was built in 2009 and is 15 years old. The property's lot size has been calculated to be 32,736 square feet. 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 118 Shorewood Lane has a total of 1,328 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 good. 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. As for flooring, was the material of choice during construction. 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, 118 Shorewood Lane sold most recently in May 6, 2022 for a total of $175,000. If you work out the math, that's approximately a cost of $131.78 per sqft. Before that, the property was also sold for $122,000 in Mar 15, 2013. 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 $544 in taxes each year. 118 Shorewood Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $16,420. If we break it down further, the land itself was valued at $2,500. Improvements to the property, however, were assessed at a total of $13,920. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 2009
  • Effective Year Built: 2009
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Good
  • 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
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 32,736
  • Total Building Area: 1,328
  • Building Area: 1,328
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,328
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LADD PLACE PH 2
  • Land Acres: 0.751
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 24 LADD PLACE PHASE 2 A RESUBDIVISION OF LOT 16 LADD PLACE PHASE 1 PB # 20071114000792450

Ownership

  • Current Owner : STRONG ROBERT
  • Previous Owner : LESAN JUNE A
  • Owner Before Previous Owner: LINDSEY WILL L
  • Owner Before Previous Owner 2: GOURLEY ERIN M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

  • School District Name: Madison County School District
  • Census Tract: 010200

Geography

  • Account Number: 593875
  • Parcel: 12-03-06-4-000-030.023
  • Lot: 24
  • Meridian: SEC 06 TWN 03S RNG 02E
  • Municipality: COUNTY
  • Latitude: 34.8012
  • Longitude: -86.4554

    Address

  • Full Address: 118 Shorewood Ln
  • Address - House Number: 118
  • Address - Street Name: Shorewood
  • Address - Suffix Type: Ln
  • State: AL
  • City Name: Huntsville
  • Carrier Code: R041
  • 4-Digit Zip Code: 4400
  • Zip Code: 35811

Valuation

    Tax

  • Total Area: 1,614
  • Tax Year: 2023
  • Tax Amount: $544

    Appraisal Valuation

  • Standard Deviation: 0.2418
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 66
  • Final Value: 240,454
  • High Value: 298,598
  • Low Value: 182,310

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $164,900
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: May 19, 2022
  • First Open Lien Mortgage Loan Amount: $164,900
  • 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: Jun 01, 2052

    Market Valuation

  • Market Total Value: $164,100
  • Market Land Value: $25,000
  • Market Improvement Value: $139,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,420
  • Assessed Land Value: $2,500
  • Assessed Improvements Value: $13,920

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 06, 2022
  • Current Sale Recording Date: May 19, 2022
  • Current Sale Transaction ID: 11888555586
  • Current Sale Price: $175,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 577721
  • Previous Sale Recording Date: Mar 20, 2013
  • Previous Sale Contract Date: Mar 15, 2013
  • Previous Sale Amount: $122,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: May 19, 2022
  • First Mortgage Loan Amount: $164,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE LIMITED LIABILITY CO
  • Previous Mortgage Transaction Date: Mar 20, 2013
  • Previous Mortgage Loan Amount: $126,026
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Apr 01, 2043

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Frequently Asked Questions

What neighborhood is 118 Shorewood Lane located in?
The 118 Shorewood Lane is a located in the neighborhood of Madison in Madison, Huntsville.
What is the average sales price for listings in 118 Shorewood Lane?
The average sales price for units in 118 Shorewood Lane is $0 currently.

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