Daphne Alabama

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The coastal properties in Alabama, Florida, Louisiana, Mississippi and Texas will be affected by this catastrophic oil spill for years to come. As of today, now 47 days and still counting, BP Oil has been ineffective in successfully stopping the flow of oil. Therefore, our Gulf Coast is faced with environmental devastation, loss of marine life and wildlife, further property devaluation (not that inept governmental and political faux pas were enough to damage), illusion of an economic recovery, businesses closing, and loss of livelihoods for longtime residents.

As a person who has lived in the Mobile Bay Metro Area (Baldwin County and Mobile County of Alabama) the majority of my life, this massive oil spill in the Gulf of Mexico conjures up so many emotions and thoughts inside me and, many unkind words (please forgive) towards all who have dragged this on for much too long. Also, the lack of expedience and nondisclosures which could be labeled lies has certainly not helped to comfort Gulf Coast residents. It is quite evident that many Gulf Coast residents do not believe BP Oil and the government have properly handled this oil spill catastrophe.

Anyway, this oil spill catastrophe will apparently be with us for many months and years to come. Our Gulf Coast area will never be the same and will definitely affect the United States as a whole and potentially have International negative implications. Also, unfortunately, coastal properties more than likely will be faced with further decline in value; not that government intrusions and regulations as well as poor and restrictive lending practices have already been enough to damage our property values and the real estate industry as a whole.

So, how will the coastal real estate marketability be affected within the Gulf Coast states? Whether true or not, the stigma of an oil spill catastrophe will, in my opinion, have a potential affect on the marketability of properties along the Gulf Coast. How much of an affect is still an unknown? The future selling of coastal properties should begin to hold the answers to these questions. So, “time will tell.”

Is your property rich in oil? If so, it’s certainly not the way you want to discover oil on your property. Contact a professional you trust and get sound advice when the stigma of oil has knocked on your door. There are many good Certified Real Estate Appraisers and Attorneys in the Gulf Coast states. It is always important to understand the affects of this oil spill upon our coastal properties.

Information and opinions have been provided by Cheney Appraisal Services, Albert Marshall Cheney, a Certified Residential Real Property Appraiser for the state of Alabama, (251) 533-2424. Albert Cheney has over 35 years of real estate experience in the southern part of Alabama.

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As of today, 3rd February 2010, the refinance rates are, as follows: (1) 30 yr Fixed Rate, Today, 5.19%, Last Week, 4.94%; (2) 15 yr Fixed Rate, Today, 4.4%, Last Week, 5.06%; (3) 5/1 ARM, Today, 4.53%, Last Week, 4.12%.

According to an article in Mortgage News Daily, “A rising trend of mortgage applications indicates an increase in home buying interest, a positive for the housing industry and economy as a whole. More home purchases can lead to more construction jobs and increased purchases of items to build a home. Furthermore, in a low mortgage rate environment, an increasing trend implies consumers are seeking out lower monthly payments which can result in increased disposable income and therefore more money to spend on discretionary items or to pay down other debt.”

The article further states, “Don’t wait for mortgage rates to decline! I stand by my statement that 4.75% could very well be the lowest mortgage rates offered in 2010…unless there is a fundamental shift in economic outlook. If you have been waiting to refinance or to buy, get out there and start the process before you miss the boat of sub 5% rates.”

Click this web-link, http://www.mortgagenewsdaily.com/consumer_rates/132989.aspx, to read the entire article by Victor Burek.

The Mobile Bay Metro Area, Baldwin County and Mobile County of Alabama, has ongoing (and potential future) economic projects which may have an advantage over other U. S. regions. Our real estate market should draw more positive attention in the near future.

Contact Al Cheney, Certified FHA Approved Real Estate Appraiser, (251) 533-2424, when requiring a residential appraisal report for refinancing, settling an estate with real property, or various other litigation reasons in Alabama. Email your orders and questions to Albert@CheneyAppraisalServices.com/.

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The Daphne, Alabama Lake Forest development is the largest residential community in thBlogWebPhoto-LakeForest-10162009 [08]e State of Alabama. Lake Forest has around 3,400 property owners with approximately $38 dues per lot. This PUD development has a clubhouse, golf courses, horseback riding stables, swimming pools, tennis courts and a yacht club on Mobile Bay. Lake Forest is located on the south side of U. S. Interstate Highway 10, east side of U. S. Highway 98, and located near major regional shopping centers.

Lake Forest is conveniently located near Historic Downtown Mobile, Alabama by traveling about 15 minutes west across the I-10 Bay-Way. Gulf Shores, Orange Beach and Alabama’s white sandy beaches and blue-green waters of the Gulf of Mexico are located only about a 35-minute drive south southeast.

Currently, Lake Forest has at least thirty-eight (38) active MLS (Multiple Listing Service) REALTOR listings.BlogWebPhoto-LakeForest-10162009 [01] Most of the listed homes have 1,300 to 3,000+ square feet (varies from unit to unit) and the asking prices will primarily range from $125,000 to $255,000.

There have been around forty-eight (48) MLS home sales in the past twelve months according to the Baldwin County Association of REALTORS. The vast majority of these Lake Forest home sales ranged from $75,000 and $210,000.

The Sales Per Month Absorption Rate is currently 4.33 homes per month in Lake Forest. With 38 active listings, the current housing supply is 8.78 months (38 active listings divided by 4.33 home sales per month).

Lake Forest ’s Median Comparable Sale Price is now $108,000 compared to $120,000BlogWebPhoto-LakeForest-10162009 [06] four to six months ago. The days on market (dom) appears to mostly range from 96 days to 147 days over the past 12 months.

Lake Forest ’s Median Sale Price as percentage of list price has slipped slightly over the past twelve (12) months: 96.445%, 7-12 months ago; 96.077%, 4-6 months ago; past 3 months, 94.943%.

For more information about Lake Forest, go to this weblink, http://www.lakeforestpoa.com/.

Albert Cheney, Cheney Appraisal Services, covers the Mobile Bay Metro Area, Baldwin County and Mobile County of AlBlogWebPhoto-LakeForest-10162009 [03]abama. Albert Cheney is an active Certified Residential Real Property Appraiser and FHA Approved Appraiser with 35+ years experience in the real estate industry.

Call Albert Cheney at (251) 533-2424 or Albert@CheneyAppraisalServices.com if you require more information about Alabama real estate and ordering a “Certified” real estate appraisal report.

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BLOGphoto-PottersMillDaphne-Entrance-11232009 [02]Daphne, Alabama, “The Jubilee City,” was established in 1874 (incorporated in 1927). Daphne has a rich heritage and community spirit with a small town desirable ambiance.

Located in the Eastern Shore, Daphne is very centralized to Mobile, Spanish Fort, Fairhope and the beaches in Gulf Shores and Orange Beach which makes it very appealing for entertainment, shopping, sports and raising your chilBLOGphoto-PottersMillDaphne-House-11232009 [03]dren.

Daphne has residential neighborhoods, from small and quaint to large and loaded with amenities, which will appeal to any family or individual. The Potters Mill subdivision is only one residential development of many to choose from in Daphne and its surrounding areas. The asking prices for homes in Daphne and the Eastern Shore are from low to high, and fit any household budget.

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BALDWIN County Map for web sites 08222009

 Plan to go to the Baldwin County Home Builders Association’s 20th Annual Parade Of Homes!

The 2009 Parade of Homes will take place September 19, 20 and September 26, 27. Homes will be open to the public from 10 a.m. to 5 p.m. An optional $2 donation can be made at the Showcase Homes to benefit local housing charities. Admission to all other homes is free.

There are 41 homes within the 2009 Parade of Homes. These homes are located in the following Baldwin County towns and subdivisions:

Arbor Ridge, Lillian, Alabama 36549
Arlington Farms, Fairhope, AL 36532
Ashford Park, Foley, Alabama 36535
Aspen Creek, Foley, Alabama 36535
Austin Park, Daphne, Alabama 36526
Avalon, Daphne, Alabama 36526
Beau Chene Estates, Loxley, Alabama
Bellaton, Daphne, Alabama 36526
Cambridge Park (Phase II), Foley, AL 36526
Edington Place, Fairhope, Alabama 36532
Fairfield Pointe, Fairhope, Alabama 36532
Fruit & Nut District, Fairhope, Alabama 36532
Greythorne Estates, Fairhope, Alabama 36532
Huntington Woods, Fairhope, Alabama 36532
Idlewild, Fairhope, Alabama 36532
Landsdown, Daphne, Alabama 36526
Madison Place, Daphne, Alabama 36526
Meadow Run Estates, Gulf Shores, Alabama 36542
The Meadows At Point Clear, Fairhope, AL 36532
Oldfield, Fairhope, Alabama 36532
Ottawa Springs, Daphne, Alabama 36532
Palmer Place, Robertsdale, Alabama 36567
Parish Lakes, Gulf Shores, Alabama 36542
Pebble Creek, Gulf Shores, Alabama 36542
The Peninsula Golf & Racquet, Gulf Shores, AL 36542
Quail Creek Estates, Fairhope, Alabama 36532
Rolling Meadows, Daphne, Alabama 36526
Sandy Ford, Fairhope, Alabama 36532
Sehoy (Phase IV), Daphne, Alabama 36526
Shadyfield Estates, Summerdale, Alabama 36580
Sonora Place, Foley, Alabama 36535
Stone Creek, Fairhope, Alabama 36532
The Waters At Fairhope, Fairhope, Alabama 36532
Whisper Woods, Spanish Fort, Alabama 36527
Wolf’s Run South, Elberta, Alabama 36530

 

BUILDERS AND CONTACT INFORMATION

Achee Properties Pat Achee 251-928-1960
Adams Homes Mary Lou Baker 251-625-0601
Aiken Design & Construction, Inc. Tom Aiken 251-928-6321
Benchmark Homes, Inc. Lance Toifel 251-473-8600
D.R. Horton Kent Gibson 251-543-7220
Dan Mooney Custom Homes Dan Mooney 251-625-1976
David Stapleton Builders, Inc. David Stapleton 251-626-8139
Fairhope Custom Homes, LLC Jeremy Friedman 251-463-1899
Gooden Homes Lydia Edwards 850-476-6764
GRW Company, Inc. Gary Woodham 251-421-2905
Hamilton Brother Builders, LLC Paul Hamilton 251-680-6671
John Eckenstaler Builders, Inc. John Eckenstaler 251-623-0825
Lippincott & Lemongrass Design & Construction Chad Lippincott/Delia Pierce 251-929-1227
McElmurry Homes, Inc. Mike McElmurry 251-990-9798
McLaughlin Builders, Inc. Mike McLaughlin 251-990-3525
Milestone Homes Donald Long 251-404-1801
MTB Custom Builders, Inc. Todd Boothe 251-753-2217
New Haven Homes, LLC Christian Augustin 251-379-0657
Paracel Custom Homes Jeff Godfrey 251-979-5144
Pickering Builders, Inc. Jimmy Pickering 251-605-9910
Prestige Development, Inc. Cain Roberds 251-928-8756
Stone Creek Development, LLC Rance Reehl 251-990-6622
Trite Builders, LLC Brian Wright 251-379-4889
Waller Builders, Inc. Christie Waller 251-510-0647

Baldwin County Home Builders Association
916 Plantation Boulevard, Fairhope, Alabama 36532
Phone: (251) 928-9927
Fax: (251) 928-9929

For an Approved FHA Appraiser and Certified Residential
Real Property Appraiser, contact Albert Marshall Cheney with
Cheney Appraisal Services
, 251-533-2424 (Business/Mobile),
Albert@CheneyAppraisalServices.com (Email), or go to web links,
http://www.CheneyAppraisalServices.com and
http://www.MobileAlabamaFHARealEstateAppraisers.com
for much more information.

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“The Woodlands At Malbis” is located along the east side of Alabama State Highway 181, a few miles south of U. S. Interstate Highway 10 and also south of U. S. Highway 90.  The Malbis Regional Shopping Center is located on the northern side of U. S. Highway 10 and only minutes from this subdivision.The Woodlands At Malbis House 1

“The Woodlands of Malbis” has 35 lots and eight common area parcels according to online records.  This subdivision is described as “a fantastic tree-lined upscale neighborhood with lakes and estate-sized lots.”  

The Baldwin County Association of REALTORS’ online records indicate 4 active listings ranging from $494,900 to $1,900,000 with 3,258 to 5,740 square feet and 9 past sold properties selling between $550,00woodlands malbis0 and $840,000 with 4,296 to 4,939 square feet .

For further information, contact Barbara S. Reeves at 251-510-0629, 251-621-2588 or toll free direct by calling 888-489-8001.

For more information about Certified Residential Real Property Appraisers and Approved FHA Appraisers, contact Albert Marshall Cheney with Cheney Appraisal Services at 251-533-2424.  Albert Cheney covers Daphne, Fairhope, Loxley, Malbis, Montrose, Point Clear, Robertsdale, Spanish Fort and many other communities and towns within Baldwin County, Alabama.  Al Cheney suggests clicking onto these web site links, http://www.CheneyAppraisalServices.com and http://www.MobileAlabamaFHARealEstateAppraisers.com for much more information!

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