Discover a rare gem in Madison, AL! This expansive 63.59-acre parcel offers unparalleled potential, located right next to the beautiful Palmer Park. Not only is this property expansive suitable for many opportunities, but it's also ideally situated to enjoy everything Huntsville has to offer. Only 5 minutes from James Clements High School, 5 minutes from I565, 10 minutes from Huntsville Airport, and 10 minutes from the Hospital. Whether you're looking to develop or explore investment opportunities, this land provides a unique blend of serenity and convenience. Seize this exceptional chance to own a sizable piece of prime real estate in one of Alabama's most sought-after areas.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$37.4K
Per Month
Principal & Interest
$37.3K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$22.5K
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Mill Creek Elementary School
847 Mill Rd
Distance between this listing and this school1.12 miles
Public District Grades PK-5
9
/10
Madison Elementary School
17 College St
Distance between this listing and this school1.83 miles
Public District Grades KG-5
10
/10
Heritage Elementary School
11775 County Line Rd
Distance between this listing and this school2.42 miles
Public District Grades KG-5
Nearby Schools
9
/10
Liberty Middle School
281 Dock Murphy Dr
Distance between this listing and this school3.28 miles
Public District Grades 6-8
9
/10
Discovery Middle School
1304 Hughes Rd
Distance between this listing and this school4.31 miles
Public District Grades 6-8
4
/10
Williams Middle School
155 A Barren Fork
Distance between this listing and this school4.94 miles
Public District Grades 6-8
Nearby Schools
10
/10
James Clemens High School
11306 County Line Rd
Distance between this listing and this school1.53 miles
Public District Grades 9-12
8
/10
Bob Jones High School
650 Hughes Rd
Distance between this listing and this school3.10 miles
Public District Grades 9-12
2
/10
Columbia High School
300 Explorer Blvd NW
Distance between this listing and this school5.23 miles
The neighbors living near this home have an average income of $82,833. The most common annual income of people living in Madison, AL is between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 0 Palmer Rd Unit 0
What is the listing price of this property?
The listing price of 0 Palmer Rd Unit 0 property is $7,490,000.
What type of property is this?
The property 0 Palmer Rd Unit 0 is land located in Madison, Alabama, 35758.
Is this property for sale now?
Active Listing: 0 Palmer Rd Unit 0 is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 0 Palmer Rd Unit 0 in Madison, AL and zip code 35758. This home sits on a 63.59 acre lot. It has been listed on Rocket Homes since September 16, 2024 and is currently priced at $7,490,000.
Madison, AL housing market in October 2024 saw over 17 listings sold above listed price, more than 27 sold at listed price and over 65 sold below. The number of listings in Madison, AL increased by 5.4% between September 2024 and October 2024.
From Rocket Homes Real Estate and based on county public records data.