Sunday, July 5, 2009

FHA Online Appraiser Reports On "Cambron," East Of Spanish Fort, Alabama

Certified Online FHA Appraiser, Albert M. Cheney, reporting on Cambron Subdivision located north of U. S. Interstate Highway 10, along the west side of U. S. Highway 31, east northeast of the town center of historical Spanish Fort, Alabama. Cambron is located only around 15-20 minutes to downtown Mobile, and around 35-40 minutes to the white sandy beaches of Gulf Shores and Orange Beach, Alabama, and the Gulf of Mexico's blue-green waters!

Cambron Subdivision, just over two years old, has Phase 1 and 2 undergoing development, and a planned future Phase 3, on around 252 acres. This Phase 1 has 72 lots and Phase 2 has 104 lots per record with a few common areas. Cambron is "A Nichols Family Development."

The subdivision square foot restrictions cite the heated & cooled single story or the first floor of a two story shall be no less than 2,400 square feet, and the second story shall be no less than 1,800 square feet.

The majority of current new houses and under construction houses have four to five bedrooms with three to four bathrooms. There are only a few houses having three bedrooms and full bathrooms less than three according to the online records.

Within the past year, the Average List Price is around $303,507 and the Average Sale Price is $302,681 at this time.

The Average Number of Days On Market (DOM) will currently fluctuate around 176 days at this time; although, the current varying economic and lending conditions could affect the length of days on market (DOM).

The Listing Price To Sales Price Ratio is approximately 97.50%.

Currently, the REALTOR online records indicates the Lowest Price Listing is $249,900 and the Highest Price Listing is $329,900.

The above information was obtained from the Baldwin County Association of REALTORS, Al Cheney, FHA Online Appraiser, (251) 533-2424, is an associate member of this REALTORS' organization.

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