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408 South Madison Street

408 South Madison Street, Athens, AL 35611
Property in Limestone
Sold May 16, 2022
$140,000
$135,800 by Home Pt Fin'l Corp
Mortgage Due Jun 01, 2052
Sold Dec 06, 2021
Transfer
$72,000 by First Southern Bank
Mortgage
408 South Madison Street has been categorized by the local assessors in Athens, AL as a residential type of property. The building on the property was first built in 1955 and is 69 years old. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 408 South Madison Street has 846 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,430 ft and across the front of the lot is 450 ft. The area measurement of the land has been determined as 6,435 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 180 sqft. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as fair. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The building has a gable or hip style roof made of asphalt. The exterior walls of the building are made of asbestos shingle. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The property was last sold in May 4, 2022 for $140,000. That's $165.48 per sqft. 408 South Madison Street was last assessed in 2023. The total value of the property was assessed at $6,140. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $193. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Fair
  • Building Quality: A
  • Construction Type: Frame
  • Exterior Walls Type: Asbestos shingle
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 180
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 6,435
  • Lot Size Depth Feet: 1,430
  • Lot Size Frontage Feet: 450
  • Total Building Area: 846
  • Building Area: 846
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 846
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CITY OF ATHENS
  • Land Acres: 0.15
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CITY OF ATHENS SD LOT E/2 OF 1-E BLK 49 SEC 8 3 4 COMM INT N R/W LEE & W R/W MADISON TH N 90 TO POB CONT N 45 W 143 S 42 E 15

Ownership

  • Current Owner : GAVIN HONEYCUTT
  • Current Owner 2: SLUSHER SARA K
  • Previous Owner : NORWOOD WINDY
  • Owner Before Previous Owner: MARSON SANDRA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Athens City School District
  • School Tax School District: ATHENS CITY SD
  • Census Tract: 021000

Geography

  • Account Number: 11005499
  • District: 02
  • Parcel: 1003081003049001
  • Block: 49
  • Lot: E
  • Meridian: SEC 08 TWN 03S RNG 04W
  • Municipality: ATHENS
  • Latitude: 34.7995
  • Longitude: -86.9738

    Address

  • Full Address: 408 S Madison St
  • Address - House Number: 408
  • Street Direction: S
  • Address - Street Name: Madison
  • Address - Suffix Type: St
  • State: AL
  • City Name: Athens
  • Carrier Code: C004
  • 4-Digit Zip Code: 2502
  • Zip Code: 35611

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $193

    Appraisal Valuation

  • Standard Deviation: 0.1054
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 89
  • Final Value: 139,404
  • High Value: 154,103
  • Low Value: 124,706

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $135,800
  • First Open Lien Mortgage Lender: HOME PT FIN'L CORP
  • First Open Lien Mortgage Recording Date: May 16, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $135,800
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2052

    Market Valuation

  • Market Total Value: $61,200
  • Market Land Value: $6,800
  • Market Improvement Value: $54,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,140

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 04, 2022
  • Current Sale Recording Date: May 16, 2022
  • Current Sale Transaction ID: 11905093088
  • Current Sale Price: $140,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Dec 06, 2021
  • Previous Sale Contract Date: Nov 19, 2021
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOME PT FIN'L CORP
  • First Mortgage Transaction Date: May 16, 2022
  • First Mortgage Loan Amount: $135,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Jun 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIRST SOUTHERN BANK
  • Previous Mortgage Transaction Date: Dec 06, 2021
  • Previous Mortgage Loan Amount: $72,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Athens



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Frequently Asked Questions

What neighborhood is 408 South Madison Street located in?
The 408 South Madison Street is a located in the neighborhood of Limestone in Athens, Athens.
What is the average sales price for listings in 408 South Madison Street?
The average sales price for units in 408 South Madison Street is $0 currently.

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