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159 Waters Edge Ln; Madison, AL Property Details

159 Waters Edge Ln, Madison, AL is a Condominium that was built in 1988. This property is currently a cash purchase and is not for sale. Our records show that 159 Waters Edge Ln has 2 bedrooms, and 1.5 bathrooms, and a total of 986 square feet. The lot size of 159 Waters Edge Ln is 25 square feet.

For Rent
159 Waters Edge Ln Madison, AL 35758
$850 Listing Price
2 Beds
1.5 Baths
986 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1988
  • Purchase Price: $97,500
  • Est. Equity / %: $190,000 / 100%
  • Gross Yield: 7.528%
  • APN: 16-02-09-1-002-028.004-CONDO
  • Situs County: Madison
  • Length Of Ownership: 7 years, 4 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Partial Bathrooms: 1

Structure

  • Building Style: Wood
  • Floor Cover Type: Carpet
  • Stories: 1
  • Exterior Wall Type: Wood
  • Interior Wall Type: Gypsum Board (Drywall, Sheetrock, etc.)
  • Building Condition: Good
  • Roof Type: Gable Or Hip
  • Roof Cover Type: Asphalt

Measurements

  • Total: 986/SqFt
  • Lot: 25/SqFt
  • Living: 986/SqFt
  • Building: 986/SqFt
  • Ground: 986/SqFt
  • Price Per Square Foot: $98.88

Legal Description

  • Description: UNIT 5 BLDG 7 MADISON TOWNE CENTRE CONDO SEC C WATERS EDGE VILLAGE PH VI-C & COMM ELE AS LISTED IN CONDO BK 3 PG 58 PB 24 PG
Building Insights

Land Information

  • Property Type: Condominium
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Madison City School District
  • Lat / Lon: 34.70919 / -86.73877
  • Subdivision: Waters Edge Village Ph Vi
  • Property Class: Residential
  • County Use Code: 119

Amenities

  • Plus Four: 2558
  • Cooling: Yes
  • Fireplaces: 1
  • Heating: Forced air unit

HOA

  • H O A One: $197
  • H O A Amount: $197
  • H O A One Frequency: Monthly
  • H O A One Name: Madison Towne Centre Condominium Assoc
  • H O A One Type: Condo  Owner Association

Ownership Info

159 Waters Edge Ln has no associated ownership info
159 Waters Edge Ln has no associated ownership info.

Taxes

159 Waters Edge Ln has 8 associated Taxes items

159 Waters Edge Ln, Madison, AL pays taxes in Madison County, AL. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $30,300. The APN we've located for 159 Waters Edge Ln is 16-02-09-1-002-028.004-CONDO.

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Taxes
  • Assessed Value:  $30,300
  • Assessed Year:  2025
  • Assessed County:  Madison
  • APN:  16-02-09-1-002-028.004-CONDO
  • Tax Amount:  2110.81
  • Tax Year:  2025
  • Market Value:  158000
  • Market Year:  2025

Tax History

159 Waters Edge Ln has 9 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $30,300 Land Value Improvement Value $30,300 Tax Amount $2,110.81 Change Rate +0.072435% Assessed CR Tax Rate +0.069664%
Year 2024 Assessed Value $28,320 Land Value Improvement Value $28,320 Tax Amount $1,968.24 Change Rate +0.140097% Assessed CR Tax Rate +0.0695%
Year 2023 Assessed Value $24,840 Land Value Improvement Value $24,840 Tax Amount $1,726.38 Change Rate +0.265322% Assessed CR Tax Rate +0.0695%
Year 2022 Assessed Value $19,560 Land Value Improvement Value $19,560 Tax Amount $1,364.38 Change Rate +0.093586% Assessed CR Tax Rate +0.069754%
Year 2021 Assessed Value $17,880 Land Value Improvement Value $17,880 Tax Amount $1,247.62 Change Rate +0.012407% Assessed CR Tax Rate +0.069777%
Year 2020 Assessed Value $17,660 Land Value Improvement Value $17,660 Tax Amount $1,232.33 Change Rate +0.267686% Assessed CR Tax Rate +0.069781%
Year 2019 Assessed Value $8,410 Land Value Improvement Value $8,410 Tax Amount $972.11 Change Rate +0.043193% Assessed CR Tax Rate +0.11559%
Year 2018 Assessed Value $16,120 Land Value Improvement Value Tax Amount $931.86 Change Rate +0.25181% Assessed CR Tax Rate +0.057808%
Year 2017 Assessed Value $12,860 Land Value Improvement Value Tax Amount $744.41 Change Rate Assessed CR Tax Rate +0.057886%