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240 Inverness Drive Southwest

240 Inverness Drive Southwest, Huntsville, AL 35802
Property in Madison
Sold Dec 17, 2013
$155,000
$160,115 by First Bank
Mortgage Due Jan 01, 2044
Sold Apr 20, 2009
$10,000
Local assessors in Huntsville, AL have categorized 240 Inverness Drive Southwest as a residential type of property. The home was built in 1988 and is 36 years old. The property's lot size has been calculated to be 1,090,307 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. 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 240 Inverness Drive Southwest has a total of 1,683 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 525 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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, 240 Inverness Drive Southwest sold most recently in Dec 9, 2013 for a total of $155,000. If you work out the math, that's approximately a cost of $92.10 per sqft. Before that, the property was also sold for $10,000 in Apr 20, 2009. 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 $1,231 in taxes each year. 240 Inverness Drive Southwest was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $22,060. If we break it down further, the land itself was valued at $6,000. Improvements to the property, however, were assessed at a total of $16,060. 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: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Good
  • Construction Type: Wood
  • Building Style: Condo
  • 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
  • Garage Type: Garage
  • Garage Square Area: 525
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 1,090,307
  • Total Building Area: 1,683
  • Building Area: 1,683
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,683
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MAXWELL PLACE CONDO
  • Land Acres: 25.03
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: UNIT 240 MAXWELL PLACE CONDO PHASE IVB WITH INTEREST IN COMMON ELEMENTS CONDO BK 1 PG 957 PB 18 PG 100

Ownership

  • Current Owner : NIDA RUSSELL E
  • Previous Owner : BEENE WILLIAM HARRY
  • Owner Before Previous Owner: BEENE CLARA M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Huntsville City School District
  • Census Tract: 002701

Geography

  • Account Number: 397239
  • Parcel: 18-09-30-2-000-083.037
  • Lot: 240
  • Meridian: SEC 30 TWN 04S RNG 01E
  • Municipality: HUNTSVILLE
  • Latitude: 34.6621
  • Longitude: -86.5679

    Address

  • Full Address: 240 Inverness Dr Sw
  • Address - House Number: 240
  • Street Segment Direction: SW
  • Address - Street Name: Inverness
  • Address - Suffix Type: Dr
  • State: AL
  • City Name: Huntsville
  • Carrier Code: C011
  • 4-Digit Zip Code: 4569
  • Zip Code: 35802

Valuation

    Tax

  • Total Area: 1,728
  • Tax Year: 2023
  • Tax Amount: $1,231

    Appraisal Valuation

  • Standard Deviation: 0.2537
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 64
  • Final Value: 291,599
  • High Value: 365,586
  • Low Value: 217,612

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $160,115
  • First Open Lien Mortgage Lender: FIRST BANK
  • First Open Lien Mortgage Recording Date: Dec 17, 2013
  • First Open Lien Mortgage Loan Amount: $160,115
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2044

    Market Valuation

  • Market Total Value: $220,500
  • Market Land Value: $60,000
  • Market Improvement Value: $160,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,060
  • Assessed Land Value: $6,000
  • Assessed Improvements Value: $16,060

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 09, 2013
  • Current Sale Recording Date: Dec 17, 2013
  • Current Sale Transaction ID: 1008174994
  • Current Sale Price: $155,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20131217000791530
  • Previous Sale Recording Date: Apr 20, 2009
  • Previous Sale Contract Date: Apr 20, 2009
  • Previous Sale Amount: $10,000
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST BANK
  • First Mortgage Transaction Date: Dec 17, 2013
  • First Mortgage Loan Amount: $160,115
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jan 01, 2044

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Frequently Asked Questions

What neighborhood is 240 Inverness Drive Southwest located in?
The 240 Inverness Drive Southwest is a located in the neighborhood of Madison in Huntsville, Huntsville.
What is the average sales price for listings in 240 Inverness Drive Southwest?
The average sales price for units in 240 Inverness Drive Southwest is $0 currently.

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