BUILT-IN EQUITY ALERT! 2BR/2.5BA townhome in prime Southwest Madison location! Just minutes from Huntsville Airport, shopping & entertainment - perfect positioning for today's lifestyle. Ideal For: Savvy investors seeking instant equity First-time buyers building wealth Downsizers wanting low-maintenance living Huntsville professionals needing a convenient second home Location Highlights: Quick access to airport, shopping centers, restaurants, & major employers. Low-maintenance townhome living in one of Madison's most desirable areas! The Value: This property delivers equity and convenience in a package that works for investors, 1st time buyers, or to downsize!!
For sale
$175,000
231 Falling Water Ln SW, Madison, AL 35756
2beds
1,228sqft
Est.:
Townhouse
Built in 2009
-- sqft lot
$207,100 Zestimate®
$143/sqft
$159/mo HOA
What's special
- 1 day |
- 160 |
- 10 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: December 18, 2025 at 03:42pm
Listed by:
Steve Mitchell 256-274-1321,
MarMac Real Estate
Source: ValleyMLS,MLS#: 21906013
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Master Bedroom, Living Room, Bedroom 2, Dining Room, Kitchen
Primary bedroom
- Features: Carpet
- Level: Second
- Area: 169
- Dimensions: 13 x 13
Bedroom 2
- Level: Second
- Area: 100
- Dimensions: 10 x 10
Dining room
- Area: 100
- Dimensions: 10 x 10
Kitchen
- Features: Laminate Floor
- Area: 110
- Dimensions: 11 x 10
Living room
- Features: Tile
- Area: 208
- Dimensions: 13 x 16
Heating
- Central 1
Cooling
- Central 1
Features
- Has basement: No
- Has fireplace: No
- Fireplace features: None
Interior area
- Total interior livable area: 1,228 sqft
Property
Parking
- Parking features: Garage-Two Car, Garage-Detached, Alley Access
Features
- Levels: Two
- Stories: 2
Details
- Parcel number: 2502090000002069
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Materials
- Foundation: Slab
Condition
- New construction: No
- Year built: 2009
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Promenade At River Landng
HOA
- Has HOA: Yes
- HOA fee: $159 monthly
- HOA name: River Landing HOA
Location
- Region: Madison
Financial & listing details
- Price per square foot: $143/sqft
- Tax assessed value: $203,800
- Annual tax amount: $1,134
- Date on market: 12/18/2025
Estimated market value
$207,100
$197,000 - $217,000
$2,051/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/18/2025 | Listed for sale | $175,000+52.2%$143/sqft |
Source:  ValleyMLS #21906013 Report a problem | ||
| 3/18/2016 | Sold | $115,000-1.3%$94/sqft |
Source: ValleyMLS #1032135 Report a problem | ||
| 11/2/2015 | Listed for sale | $116,500+3783.3%$95/sqft |
Source: Capstone Realty #1032135 Report a problem | ||
| 9/28/2009 | Sold | $3,000$2/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,134 | $20,380 |
| 2023 | $1,134 +7.6% | $20,380 +7.3% |
| 2022 | $1,054 +50.5% | $19,000 +47.3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,142/mo
Principal & interest
$865
HOA Fees
$159
Other costs
$118
Climate risks
Neighborhood: 35756
Nearby schools
GreatSchools rating
- 7/10James E Williams SchoolGrades: PK-5Distance: 1.4 mi
- 3/10Williams Middle SchoolGrades: 6-8Distance: 1.4 mi
- 2/10Columbia High SchoolGrades: 9-12Distance: 8 mi
Schools provided by the listing agent
- Elementary: Williams
- Middle: Williams
- High: Columbia High
Source: ValleyMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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