Drought & Alabama Power Lower Lake Martin Level

By
Real Estate Agent with Coley Real Estate

Lake Martin's water level is low this year, and it could get even lower.lake martin real estate water level

Alabama Power says
that Lake Martin's water level started dropping on May 18 and "could be much lower on July 4."

It is no news flash that Alabama and much of the southeast has suffered a severe drought so far in 2007.  This follows on the heels of a dry 2006.  Since part of Lake Martin's existence depends on it maintaining a certain level downstream, it has been affected.

 

The folks at Alabama Power are not optimistic: "most streams that feed our lakes are at the lowest levels ever recorded."

 

 

Click here to read it all...

Comments (4)

Anonymous
Brad Rodgers

I own a lake house on Parker Creek Bay.  With the Water Projects approved by Congress will this include the water levels coming up to full pool (490 feet) by Springtime?  We have been trying to sell it since June 2007. Being a concerned owner at Lake Martin, I worry about the estate taxes owed at the end of 2009.

 

Brad Rodgers

 

Nov 09, 2007 01:10 AM
#1
John Coley
Coley Real Estate - Alexander City, AL

Brad - this water thing is a big issue.  I am not sure what you mean by "water projects" - but Alabama Power has applied to FERC requesting approval to have the winter level at 483 for the next couple of years.  Click here for the link for my article on that subject.  FERC can deny the request - which means even if a monsoon came tomorrow and dumped 10 feet of rain in the area, AL Power would have to limit the winter level to 480.

Simultaneoulsy, Alabama Power is in the process to "relicense" their authority to regulate Martin Dam for the next thirty years.  Hopefully they will ask FERC to keep it at 483 in the future in the winter.

Of course, none of this matters this spring if we don't get any rain to get us up to 490.  In the past, we have always gotten enough, even in the old days when they dropped the water 30 feet (albeit with different down and up stream intakes).

Your property taxes will probably go up over the long term, because the property values go up.

If you have been trying to sell your house since June, maybe you should click here for Seller Tips.  Be sure to read them all.   Homes still can be sold, despite the water being down and it being a buyers' market.  You just have to price it right, market it aggressively, and stage it well. I would be glad to take a look at the home and give you an idea of what similar homes have sold for.  No strings attached, no obligations.  Just click here for my contact info.

 Thanks,

John Coley

Nov 09, 2007 07:35 AM
Alix Pinzon
Open Mortgage, LLC NMLS # 2975 - Downey, CA
(562)743-6086

Whether the current drought is here to stay, or just a current problem; as long as populations continue to grow, droughts will continue to be a serious problem.  The most effective action that we can take is to install artificial grass.  I installed fake grass in my front yard almost a year ago.  It looks great, and requires no maintenance, and no water.  You won't be disappointed.  Fire your gardener, and install artificial grass!

Nov 25, 2007 04:07 PM
John Coley
Coley Real Estate - Alexander City, AL
Fake grass??  OK.............
Dec 05, 2007 02:37 PM

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