Spectacular home nestled on an acre of paradise. Rock away the day and enjoy beautiful sunsets from the covered front porch. The elegant formal dining room is illuminated by natural light and a dazzling chandelier. Boasting a warm wood-burning fireplace, crown molding and gleaming floors, the massive great room is ready for you to invite all the relatives over. An awesome kitchen with gorgeous cabinets, tiled counters and smooth-top range is just waiting for the cook. The charming breakfast room is the perfect place to start the day. A stunning master suite features everything one could need for a relaxing night. Two secondary bedrooms are all spruced-up and ready for your little ones. An additional bonus room could be a fourth bedroom or home office. The outbuilding is a great place to store your treasures. A storm shelter with ample storage provides the little extra security one may be looking for. Grab your favorite beverage and step out on the enormous deck. Submerge yourself in this private oasis. Panoramic views of mature trees and endless skylines are just waiting for your enjoyment. Call us today for a private tour.
There were 1,365 Huntsville foreclosure homes for sale with 75 new foreclosures in January 2011. One in every 1,237 housing units received a foreclosure filing in January. The average sales price of a Huntsville home was $151,295 and the average foreclosure sales price was $136,297, a $14,998 savings, according to RealtyTrac.com.
Huntsville Foreclosure Activity and30 Year Interest Rate
Huntsville interest rates averaged 4.76% in January while the number of foreclosed homes decreased from 128 to 75.
Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.
Huntsville Foreclosure Geographical ComparisonHuntsville foreclosure activity was in January was 0.12% below national statistics,the same as state figures and 0.02% below Madison County statistics.
By: Huntsville Real Estate Expert Mike Manosky On February 22, 2011
When you look for a mortgage, you want to find one that allows you to buy the biggest house possible for a monthly payment you can afford. This seems simple enough. All you need to do is a little division to determine your monthly payment.
Unfortunately, this isn’t the entire picture of your monthly mortgage payment, and lenders don’t always explain this to you. Here are three things you need to know about your monthly mortgage payment for your new Huntsville home:
1. Interest and Principal. Only part of your monthly mortgage payment actually pays down your loan. A portion of your mortgage payment goes toward your loan principal and part of it pays the interest. The longer you have your loan, the more money goes toward your principal. Be aware that at the beginning of your loan term, most of your payment goes toward interest and does little to reduce the amount of money you owe on your home.
2. Homeowner’s Insurance and PMI. Typically, your lender collects money to pay your homeowner’s insurance premium. This increases the amount of your monthly payment and can change if your insurance company raises or lowers premiums. Depending on your loan amount and property value, you may also have to pay private mortgage insurance (PMI) which protects a lender against loss if you default on your loan.
3. Property Taxes. In most cases, your annual property taxes will be paid through your lender. The lender collects extra money each month that they pay to your local government at the end of the year. When local taxes increase or decrease, so does your payment.
Call me today at 800-803-0053, 256-508-0211 or email me at mike@movetohuntsville.com to help you find the home (and mortgage provider) of your dreams.
By: Huntsville Real Estate Expert Mike Manosky On February 18, 2011
We have had an unusually bad winter with lots of snow and ice. This has kept local and out of town buyers from moving ahead with home purchases. With the return to warmer weather and a more normal weather pattern, we expect sales to return to a typical number of sales. Interest rates are still very low and we expect lots of activity in the upcoming spring market.
Madison County/Huntsville Real Estate Sales Statistics
Huntsville and Madison County saw a decrease of 28% in sold listings in January 2011 when compared to December 2010. The average sales price decreased by 6% to $190,681. The average price per square foot increased by 23% in January 2011 when compared to December 2010. And the average list price decreased by 6%, while homes were on the market an average of 13 days less than in December 2010.
Date
Sold Listings
Average List Price
Average Sale Price
Percent SP/LP
Average DOM
Average Price Sqft
Jan 2011
250
$196,943
$190,681
97.13%
85
$95
Dec 2010
345
$209,832
$203,679
96.08%
98
$73
For more information about Huntsville AL real estate, please visit MoveToHuntsville.com or call me at 256-508-0211.
Mint condition ranch shows like a model. Come on in and take a look at this beautiful maintenance free home. Illuminated by the natural light of three windows and soaring 10 foot ceilings makes this great room the ultimate entertaining spot. The designer kitchen boasts all the gadgets one needs to be top-chef. Stainless Steele appliances, smooth-top range plus gorgeous cabinets guarantee serving will be delightful. A luxurious master suite with panoramic views and a sitting area is sure to please mom and dad. The pampering master bathroom features dual raised vanities, separate shower plus a corner whirlpool tub for soothing your worries away. The additional three bedrooms are all spruced up and ready for occupancy. Grab your favorite beverage and step out on the covered patio. Submerge yourself in the panoramic views of this captivating country setting. Let the kids roam in the fully fenced backyard. Hurry this gem will not last long. Call us today for your personal tour.
By: Huntsville Real Estate Expert Mike Manosky On February 16, 2011
We, meaning the real estate industry, say, “It’s a buyer’s market!” Buyers think that means that deals are available out in the big wide world of Huntsville homes for sale. Although that’s true, it’s not the whole truth. The whole truth is that money pits, bad deals and half-hearted sellers still exist. Without careful consideration, you may not get the deal you expected.
If you’re in the market for one of the Huntsville homes for sale, follow these tips to help you get a great deal:
o back to school. In other words, do your homework. Yes, due to the buyer’s market, you have an advantage, but you still need to do your research. Talk with a real estate agent who specializes in the area and look at the prices of homes sold within the past year. The main point of the research is to find out how much homes are actually selling for in the area in which you want to live, and to determine if you can afford to buy there.
Line up the home team. Be prepared to jump on a deal as soon as you find it. Get pre-approved for a mortgage. Gather your real estate agent, home inspector and insurance agent. By having this team of real estate professionals on hand, the transaction will be smoother and faster.
Look for motivation. There are motivated sellers and not-so-motivated sellers who just “think” they “might” want to sell if “the right buyer” comes along (quotes are so handy, aren’t they?). You don’t have to guess which is which, however. Has the price been reduced? Is the home vacant? These clues lead to a motivated seller, willing to genuinely negotiate to get the home sold. (more…)
By: Huntsville Real Estate Expert Mike Manosky On February 8, 2011
In my years as a real estate agent, I’ve learned a lot from people and Huntsville real estate. Oddly enough, the main thing I’ve learned is that homes are a lot like people…
#1. Homes get wrinkles, too.
Yes, believe it or not, I’ve seen Huntsville real estate with sagging plaster, drooping windows and hanging doors. Brand new For Sale signs sit out front, their clean, white sparkle contrasting with the wrinkles. It’s not attractive; the homes may be only ten years old (30 in house years), but they look much older. Be kind to your home – use cosmetic surgery.
#2. There’s cosmetic surgery for homes.
Only, in home-speak, it’s called “replacements.” If you notice your home has wrinkles and you want to sell it, see what replacements you can afford. Windows? Check. They’re reasonably affordable on most budgets and can make a huge difference in how the house looks. Hanging doors? Check. Not as affordable as windows, but still doable. With $10,000 or less, YOU can give your home a major facelift.
#3. Homes get tired.
Have you looked around your house lately? This is one of the first things you want to do before putting it on the [city] real estate market. Is your home tired and worn out? Even relatively young homes can show signs of energy-deficiency. Cabinets start sagging. Doors groan and sigh when you open them. Windows refuse to stay open all the way and slowly slide back down in the tracks. Give your home an energy boost. Even a little WD40 can make a difference, especially on groaning doors.
By: Huntsville Real Estate Expert Mike Manosky On February 4, 2011
Huntsville is recognized as one of the country’s best locations for High-Tech Growth according to AreaDevelopment.com. Read what Area Development has to say about our fair city:
Most emerging hot-tech cities have a niche, and Huntsville’s reputation as the “Rocket City” highlights its deep roots in the defense and aerospace industry. More than 300 defense and aerospace engineering and technology companies are located here, and more than 50 percent of the jobs in Huntsville/Madison County are related to those industries.
“Huntsville has a great combination of entrepreneurial spirit and history of technical innovation coupled with business-savvy community leaders. This makes it a great place to grow a business,” says Paul Gierow, president of GATR Technologies in Huntsville. The company, which was founded in Huntsville in 2004, develops inflatable satellite communication antennas and systems that can be quickly deployed for high-bandwidth communications in remote, hard-to-reach areas.
Named the “The New Federal City” by Government Executive magazine, with some 32,550 federal jobs based in Huntsville, the region is home to the NASA Marshall Space Flight Center and the U.S. Army’s Redstone Arsenal. With a population of more than 400,000, Huntsville plays a key role in the U.S. Army’s technology development programs.
However, Huntsville’s high-tech growth is not limited to defense and aerospace. According to TechAmerica, Huntsville has one of the highest concentrations of high-tech workers in the nation — across all disciplines. Since 2004, more than 18,440 jobs from expanding companies have been created, with more than $1.5 billion in capital investment. The Huntsville region boasts nine colleges and universities, including UA-Huntsville, a national research university.
By: Huntsville Real Estate Expert Mike Manosky On February 1, 2011
Huntsville Real Estate For Sale: 25773 Irongate Drive Madison, AL 35756
MLS#542143
Start living the lifestyle you always dreamed of in this impressive low maintenance home. Loaded with custom features you are sure to feel like royalty the moment you step in to this gorgeous home. Grab your sweetie and rockaway the day on the covered front porch. Come on in and submerge yourself in luxury. A stunning entry and formal dining room welcomes you home with gleaming wood floors, wainscoting and a dazzling chandelier. Invite family and friends to join you in the spectacular great room with music piping through the surround sound, a vaulted trey ceiling, sunny views and a warm fireplace. They are sure to want to stay awhile. The cook will love the designer kitchen boasting cabinet and counter space plus a smooth-top range. Family and friends can be the first to sample your goodies in the charming breakfast area with panoramic views flanked by built-in cabinetry. Mom and dad can enjoy quiet time in the glamour master suite featuring lots of light, crown molding, and a double trey ceiling. Pamper yourself in the luxurious master bathroom with dual raised vanities, make-up station, two walk-in closets and a whirlpool tub. Bedroom two is extra special with a soaring ceiling and triple window views. There is plenty of room for the kids or kids at heart in the HUGE bonus room with shiny wood floors. Rain or shine you can relax in the privacy of your fully fenced backyard while soaking in the views. Pack your bags and come on over. We are sure you will want to stay. Call us today for a private tour.
Learn more about 25773 Irongate Drive and other Huntsville real estate by visiting MoveToHuntsville.com.
Interest and Principal. Only part of your monthly 
o back to school. In other words, do your homework. Yes, due to the buyer’s market, you have an advantage, but you still need to do your research. Talk with a real estate agent who specializes in the area and look at the prices of homes sold within the past year. The main point of the research is to find out how much homes are actually selling for in the area in which you want to live, and to determine if you can afford to buy there.
2010 attendance: 541,000
#2. There’s cosmetic surgery for homes.
“Huntsville has a great combination of entrepreneurial spirit and history of technical innovation coupled with business-savvy community leaders. This makes it a great place to grow a business,” says Paul Gierow, president of GATR Technologies in Huntsville. The company, which was founded in Huntsville in 2004, develops inflatable satellite communication antennas and systems that can be quickly deployed for high-bandwidth communications in remote, hard-to-reach areas.