NOT LISTED FOR SALE
4 Beds
4 Baths
3,889 Sq Ft
8,276 Sq Ft Lot

Sale Details

Date Sold: December 18, 2016

Last sale price $270,000 $69 Per Sq Ft

127 Days on Market

Highlights

  • City View
  • No HOA
  • Baseboard Heating

About This Home

As of December 2016

Charming 5-unit apartment building in the heart of Old SW just blocks from Downtown Roanoke. Tons of historic detail & updated amenities create pride of ownership combined with serious cash flow potential. Beautiful hardwood floors, washer/dryer hook up for each unit, high ceilings, ample storage space, updated kitchens/baths & separately metered gas & electric are just a few of the many benefits offered. Roof is newer & exterior is vinyl wrapped.

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Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,378

Year Built

  • Built in 1889

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 50x166

Property Views

  • City
  • Mountain

Interior Spaces

  • 3,889 Sq Ft Home
  • Partial Basement

Schools

  • Highland Park Elementary School
  • James Madison Middle School
  • Patrick Henry High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 5 / 6

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Old Southwest Subdivision

Building Details

  • 5 Leased Units
  • Insurance Expense $1,984
  • Maintenance Expense $3,540
  • Other Expense $1,967
  • New Taxes Expense $2,378
  • Operating Expense $9,869
  • Gross Income $37,260
  • Net Operating Income $25,528

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,378

Year Built

Built in 1889

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Heating System: Baseboard Electric
  • Type: Multi-Family
  • Has Basement: Partial Basement
  • Cooling System: Window A/C
  • Views: City, Mountain
  • ExpensesOtherExp: 1967.00
  • ExpensesTaxExp: 2378.00
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 5.00
  • NumberUnfurnished: 5.00
  • Hoa2 Or Poa: No
  • TotalAnnualExpen: 9869.00
  • Water Class: N/A
  • Water Heater Energy: Natural Gas
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water
  • Water Heater Type: Tank

Lot Info

  • Lot Dimensions: 50x166
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.19
  • Lot: 5
  • Present Use: Converted
  • ZoningCode: MX

Building Info

  • Year Built: 1889

Tax Info

  • Taxes (6 mo): 2378.00

Multi Family

  • Tenant Pays: Electricity, Gas
  • Units In Building: 5.00
  • Multi Family Type: Apartments

MLS Schools

  • Elementary School: Highland Park
  • HighSchool: Patrick Henry
  • Middle School: James Madison

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2016
Closed on
Dec 18, 2016
Sold by
Bought by
List Price
$289,500
Sold Price
$270,000
Premium/Discount to List
-$19,500
-6.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Outstanding Balance
$159,850
Interest Rate
3.57%
Mortgage Type
Credit Line Revolving
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$270,000 Bankers Title Llc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $202,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/18/2016 12/18/16 Sold $270,000 -6.7% $69 / Sq Ft
10/06/2016 10/06/16 Pending -- -- --
06/01/2016 06/01/16 For Sale $289,500 -- $74 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $3,721 $305,000 $77,100 $227,900
2025 $4,079 $305,000 $77,100 $227,900
2024 $4,079 $298,000 $70,100 $227,900
2023 $3,984 $294,000 $66,100 $227,900
2022 $3,825 $287,400 $66,100 $221,300
2021 $3,657 $274,800 $62,000 $212,800
2020 $3,531 $266,600 $62,000 $204,600
2019 $3,202 $240,500 $57,800 $182,700
2018 $2,911 $216,700 $57,800 $158,900
2017 $2,453 $194,900 $51,200 $143,700
2016 $2,453 $194,900 $51,200 $143,700
2015 $2,385 $194,900 $51,200 $143,700
2014 $2,385 $194,900 $51,200 $143,700
Source: Public Records

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 826935

Roanoke Valley Association of REALTORS®

APN: 102-2205

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