![BLOG-CharlestonRidgeEntranceSaraland02262010 [05]](http://www.mobilealabamafharealestateappraisers.com/wp-content/uploads/2010/03/blog-charlestonridgeentrancesaraland0226201005-2.jpg)
Over the past several years in Saraland, Alabama, Celeste Road has been a popular area for home builders due to the availability of beautiful wooded land with interesting terrain and vegetation.
Charleston Ridge is one of these newer residential subdivisions located along the northeastern side of Celeste Road, about 3.2 miles northwest from U. S. Interstate Highway 65.
Charleston Ridge was developed with 38 residential building lots about 2 years ago. At the time of this writing, Gooden Homes, Inc. has built five Craftsman style homes. Residential lot values will generally run, in the opinion of Certified Appraiser, Albert Cheney, between $55,000 and $65,000 depending on its location within the development. There are about 60% of the lots available to purchase and build your dream home.![BLOG-CharlestonRidgeHomeSaraland02262010 [03]](http://www.mobilealabamafharealestateappraisers.com/wp-content/uploads/2010/03/blog-charlestonridgehomesaraland0226201003.jpg)
The most recent sale prices within Charleston Ridge range from $279,900 to $290,400 with most of the gross living areas around 2,800 square feet (minimum requirements) to 3,027 square feet. There is a two car attached garage requirement for the subdivision and an architectural review of all plans & specs. before building your new home.
Call Albert Cheney, Certified FHA Approved Residential Appraiser, Cheney Appraisal Services, (251) 533-2424, for more information about real estate appraising in Baldwin County and Mobile County of Alabama. Click these web-links for even more information about Albert Cheney and the Mobile Bay Metro Area: http://www.CheneyAppraisalServices.com/ or http://www.RealtyLeaders.biz/. Albert is ready to answer your questions!
Tags: 3.33% listing fees, Alabama Real Estate, Albert Marshall Cheney, Appraisal Report, Appraisal Services, APPRAISER, Appraisers, Baldwin County, Builders, Building Lots, Carolina Circle West, Carolina Court West, Celeste Road, Certified Appraisers, Charleston Ridge, Cheney, Cheney Appraisal Services, Craftsman Homes, Craftsman Style Homes, Fha, Fha Appraiser, FHA Approved Appraisers, FHA Approved Homes, FHA FEES, Fha Guidelines, Fha Hud, Fha Insurance, FHA loan limits, Fha Loan Requirements, FHA REPAIRS, FHA REVIEW, FHA RULES, GOODEN HOMES, Highway 65, Historic Mobile, Home Appraisers, Home Builders, Home Builders Association, Home Call, Home Developments, I-65, Interstate Highway, Metro Area, Mobile Alabama, Mobile Bay, Mobile County, Mobile County Alabama, Multiple Listing Service, New Homes, Northeastern Side, Property Appraiser, Real Estate Appraisal, Real Estate Appraiser, Real Estate Appraisers, Realty Leaders Corporation, Residential Appraiser, Residential Appraisers, Residential Building, Residential Development, Residential Subdivisions, Saraland, Saraland 36571, Saraland Alabama, Settling An Estate, Wooded Land
http://www.mobilealabamafharealestateappraisers.com – FHA Guidelines: Proposal Would Increase Downpayment, end Financing of Closing Costs
FHA Loan Pros is making more sense out of the FHA situation, read here.
Here’s a snippet:
“In a move intended to reduce taxpayers’ exposure to losses associated with defaulted FHA loans, legislation is being proposed that would tighten FHA loan requirements:
The minimum down payment would increase from 3.5% to 5% of the loan amount.
Closing costs would no longer be permitted to be “rolled into” the loan amount.
This would mean that potential homebuyers would need to have more cash available for coverin these costs. The principle concern behind these proposed changes is that lenient lending requirements can encourage people to take out home loans they;re not prepared to pay over the long term.
Demise of “Sub-Prime” Lending Increases FHA Market Share”
Tags: Appraisers, Cheney, Closing Costs, Demise, Downpayment, Fha Guidelines, Fha Loan Requirements, Fha Loans, Fha Requirements, Home Loans, Homebuyers, Loan Pros, Losses, Market Share, Mobile Alabama, Principle Concern, Proposal, Snippet, Sub Prime Lending, Taxpayers
