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5012 Grayson Island Road Southeast

5012 Grayson Island Road Southeast, Owens Cross Roads, AL 35763
Property in Madison
Sold Jan 31, 2022
$426,000
Sold Jun 03, 2019
$285,859
$237,000 by Southern Fidelity Mortgage Gro
Mortgage Due Jun 01, 2049
5012 Grayson Island Road Southeast has been categorized by the local assessors in Owens Cross Roads, AL as a residential type of property. The building on the property was first built in 2019 and is 5 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, 5012 Grayson Island Road Southeast has 2,354 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 10,248 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. Moving on to the building itself. The condition of the building has been evaluated as good. 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 wood control joints. The building has a gable or hip style roof made of asphalt. The exterior walls of the building are made of brick. 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 inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. 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, 5012 Grayson Island Road Southeast sold most recently in Jan 28, 2022 for a total of $426,000. If you work out the math, that's approximately a cost of $180.97 per sqft. Before that, the property was also sold for $285,859 in May 31, 2019. 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 $2,453 in taxes each year. 5012 Grayson Island Road Southeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $43,120. If we break it down further, the land itself was valued at $7,000. Improvements to the property, however, were assessed at a total of $36,120. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 2019
  • Effective Year Built: 2019
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,248
  • Total Building Area: 2,354
  • Building Area: 2,354
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,354
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NATURE'S COVE PHASE 5
  • Land Acres: 0.235
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 267 NATURE'S COVE PHASE 5 A RESUB OF NATURE'S COVE EAST PB # 20170824000494910

Ownership

  • Current Owner : RIDEOUT JUSTIN W
  • Previous Owner : MULLINS
  • Previous Owner 2: DAVID
  • Owner Before Previous Owner: DSLD HOMES GULF COAST LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Madison County School District
  • Census Tract: 010905

Geography

  • Account Number: 587713
  • Parcel: 18-06-24-3-000-008.193
  • Lot: 267
  • Meridian: SEC 24 TWN 04S RNG 01E
  • Municipality: HUNTSVILLE
  • Latitude: 34.6686
  • Longitude: -86.4765

    Address

  • Full Address: 5012 Grayson Island Rd Se
  • Address - House Number: 5012
  • Street Segment Direction: SE
  • Address - Street Name: Grayson Island
  • Address - Suffix Type: Rd
  • State: AL
  • City Name: Owens Cross Roads
  • Carrier Code: R011
  • 4-Digit Zip Code: 5510
  • Zip Code: 35763

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,453

    Appraisal Valuation

  • Standard Deviation: 0.2161
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 70
  • Final Value: 470,386
  • High Value: 572,050
  • Low Value: 368,722

    Market Valuation

  • Market Total Value: $431,200
  • Market Land Value: $70,000
  • Market Improvement Value: $361,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,120
  • Assessed Land Value: $7,000
  • Assessed Improvements Value: $36,120

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 28, 2022
  • Current Sale Recording Date: Jan 31, 2022
  • Current Sale Transaction ID: 11883712196
  • Current Sale Price: $426,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 544327
  • Previous Sale Recording Date: Jun 03, 2019
  • Previous Sale Contract Date: May 31, 2019
  • Previous Sale Amount: $285,859
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: SOUTHERN FIDELITY MORTGAGE GRO
  • Previous Mortgage Transaction Date: Jun 03, 2019
  • Previous Mortgage Loan Amount: $237,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2049

About Huntsville



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Frequently Asked Questions

What neighborhood is 5012 Grayson Island Road Southeast located in?
The 5012 Grayson Island Road Southeast is a located in the neighborhood of Madison in Huntsville, Owens Cross Roads.
What is the average sales price for listings in 5012 Grayson Island Road Southeast?
The average sales price for units in 5012 Grayson Island Road Southeast is $0 currently.

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