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58 Tall Sky Ln
Huntsville, AL

58 Tall Sky Ln

$259,850
3 bd • 3 ba • 1,594 sf

This analysis was generated by artificial intelligence on 1/22/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$259,850

Price/Sq.Ft

$163

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

The property at 58 Tall Sky Ln, Huntsville, AL 35806 offers several attractive features. At $163.02/sqft, it's priced approximately 20% below the Huntsville average of $204/sqft, representing good value. The 1,594 sqft layout is spacious and includes desirable features like 9' ceilings, an open floorplan, and a 2-car garage. The granite countertops and recessed lighting add modern touches. The home's location in a growing tech hub like Huntsville suggests potential for appreciation. Current rental rates for 3-bedroom homes in the area are around $1,570/month, indicating a potential gross rental yield of 7.2% (($1,570 * 12) / $259,850), which is attractive for investors.

The Bad

The property has been on the market for 244 days, significantly above the Huntsville average of 30-45 days, suggesting potential issues or overpricing. The home has undergone several price changes, including an 8.9% decrease, indicating difficulty in selling. The exact year built is unknown, which raises concerns about potential hidden issues or outdated systems. The local schools have below-average ratings (5/10, 4/10, and 2/10), which may deter families with children. The median income in the area ($66,702) is relatively low compared to the home's price, potentially limiting the buyer pool.

The Ugly

The listing mentions "Photos/video of similar home, options may not be included in price," which raises red flags about the accuracy of the listing and what exactly is included in the purchase price. This ambiguity could lead to disappointment or unexpected costs for buyers. The frequent price changes and long time on market suggest the property may have underlying issues not disclosed in the listing. The low school ratings, particularly Columbia High School at 2/10, could significantly impact long-term property value and resale potential.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is best suited for first-time homebuyers or young professionals without children who are looking for a modern, move-in ready home with space for entertaining. It could also appeal to investors seeking rental properties, given the potential 7.2% gross rental yield. The open floorplan and features like the granite island make it ideal for those who enjoy hosting gatherings. Remote workers or those employed in Huntsville's tech industry might appreciate the spacious layout that could accommodate a home office.

Not For

This property is not ideal for families with school-age children due to the below-average school ratings. It's also not suitable for buyers looking for a historic or character-filled home, as it appears to be a newer construction. Those seeking a turnkey investment property might be deterred by the ambiguity in the listing regarding included features. Buyers with a household income below $85,000 may find the property challenging to afford, based on traditional mortgage qualification ratios.
Demographics
Area Median Income

$66,702

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Risk Assessment

Risk Analysis

The unknown build year poses a risk of hidden issues or outdated systems that could require costly repairs or replacements. The ambiguity in the listing about included features could lead to disputes or unexpected costs post-purchase. The low school ratings may impact future resale value and limit the potential buyer pool. The property's extended time on the market and multiple price changes suggest possible underlying issues or market resistance. There's also a risk of overpaying, given the lack of clarity on included features and the home's struggle to sell.

Financials

Monthly Costs
Market Rent (3 bed)

$1,570

Get a detailed rental estimate on Zillow®
HOA Fee

$33

Price History

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$296,950

14.3% above list price

Median Price

$315,000

Based on 4 recent sales

Price per Sq.Ft

$165

Comparable Properties

6013 Taramore Lane NW, Huntsville, AL 35806
Price: $274,900
Sq.Ft: 1,600
Beds/Baths: 3/3
$/Sq.Ft:
$1725.4%
Sale Date: 10/10/2024
6607 NW Cotton Creek Road, Huntsville, AL 35806
Price: $270,000
Sq.Ft: 1,858
Beds/Baths: 4/3
$/Sq.Ft:
$14510.9%
Sale Date: 8/20/2024
130 Raccoon Trace, Huntsville, AL 35806
Price: $315,000
Sq.Ft: 1,878
Beds/Baths: 3/2
$/Sq.Ft:
$1682.9%
Sale Date: 11/14/2024
6507 Jacaranda Drive, Huntsville, AL 35806
Price: $327,900
Sq.Ft: 1,884
Beds/Baths: 4/2
$/Sq.Ft:
$1746.8%
Sale Date: 8/8/2024

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