Birmingham Appraisal Blog » Luxury Homes

Is This The Most Expensive House In Alabama?

Tom Horn — Fri, 18 Feb 2011 23:16:09 +0000

I was in the Shoal Creek subdivision this week for an appraisal assignment. This is always an interesting subdivision to work in because of its exclusivity. The subdivision is built around a world class golf course that was designed by Jack Nicklaus and has hosted various PGA and USA Amateur Championships.

Shoal Creek could also be the home of the most expensive home in Alabama. In doing my MLS research I ran across this home. It is located at 7 Montagel Way and is listed for $17,900,000. It has been on the market for about 1 year. This is the most expensive house I have ran across in the Birmingham, Alabama area. The MLS information shows that it has 15 bedrooms, 16 bathrooms, 6 half baths, and has approximately 50,000 square feet of living area. It is located on 27 +- acres. We don’t run across homes of this quality and price range much so I thought I would share it with you. What is the most expensive home you have seen?

If you have any real estate appraisal related questions you can call me at 205.243.9304, email me, or connect with me on facebook.

Birmingham, Alabama Home Sales-Most Expensive Home Sale in September-2010

Tom Horn — Tue, 05 Oct 2010 21:52:01 +0000

I have written about Mountain Brook, Alabama in my blog before. It is one of the most exclusive and expensive areas in the state of Alabama to live. The most expensive home sale in September once again is located in Mountain Brook. The home located at 3248 E. Briarcliff Circle sold in September for $1,804,500. Birmingham area multiple listing service shows it was on the market 7 days before it went under contract. It last sold in October of 2008 for $1,250,000. Since the sale in 2008 the home has had major renovations made to it. If you are a from the Birmingham, Alabama area do you think property values in Mountain Brook have been affected by the downturn in the real estate market?

Birmingham, Alabama Home Sales-Most Expensive Home Sale in June-2010

Tom Horn — Thu, 08 Jul 2010 01:59:05 +0000

Well, once again the most expensive home sale for June is from the Mountain Brook area. As I have noted in previous posts this area is one of the most exclusive and expensive in the state of Alabama. Overall, homes sales over $500,000 have suffered in the Birmingham, Alabama market, however these luxury homes always seem to have adequate buyers. This months home is located at 3214 Pine Ridge Road and it sold for $2,550,000. It features a pool and a home theater among other things. The home was designed by renowned architect Ed Bailey. You can see and aerial view of it here.

Birmingham, Alabama Home Sales-Most Expensive Home Sale in May-2010

Tom Horn — Tue, 01 Jun 2010 22:56:05 +0000

This months most expensive home sale reported by the Birmingham Multiple Listing Service is located on Red Mountain in the Redmont area of Birmingham, Alabama. The home sold for $2,700,000. It was built in 1922 and is situated on six acres. This area has a lot of historical homes with beautiful architecture. It has a great view of the Birmingham, AL skyline. It seems like as the year moves along the highest priced home sale keeps going up. This may be a good sign. Here is a view from the Bing website. What do you think, pretty nice huh?

Birmingham, Alabama Home Sales-Most Expensive Home Sale in April-2010

Tom Horn — Thu, 06 May 2010 00:23:12 +0000

Well, the Birmingham Area Multiple Listing Service indicates that the most expensive home sale in April of 2010 occurred in the Greystone development of Hoover, Alabama. If you follow golf you may have heard of this area. For many years it was host to a major Senior PGA Tour event. The golf course is beautiful as well as the surrounding landscape. When Michael Jordan took a break from basketball years ago he played minor league baseball in Birmingham for the Barons and while here lived in the Greystone subdivision.

The homes located in this development are some of the most expensive in the Birmingham area. I have done some appraisal work within the development in the past year and it has had its share of foreclosure activity, as has the rest of the Birmingham market. There are homes located on small lots, acreage tracts, lake lots, as well as golf course lots.

The home sold for $1,546,350. As I said in my last post about the high dollar sale in March, there are other homes which are worth quite a bit more than this, however this is the one that sold in April 2010. This sale does not appear to be a foreclosure sale, however public records does indicate that it previously sold in February of 2009 for about half this price. The current seller may have purchased it in foreclosure and then resold it this last time. Quite a good profit if you ask me. It will be interesting to see further sales activity in this development.

Birmingham, Alabama Home Sales-Most Expensive Home Sale in March-2010

Tom Horn — Tue, 20 Apr 2010 23:51:16 +0000

I thought readers may find it interesting to know what the highest price paid for a home was and where it is located. In the Birmingham metro area there are many towns and communities. The high dollar home for March of 2010 is located in Mountain Brook, Alabama. A well known actress is from Mountain Brook; that would be Courtney Cox from the hit T.V. show Friends.

As you may have guessed, this is one of the most expensive areas in the state for homes. The home sold for $1,230,000, however there are other properties much more expensive than that. Hopefully in the future I can share with you more information on high dollar homes sales. Let me know your thoughts.