NOT LISTED FOR SALE

102 McAlliff Ln Unit 108 Moneta, VA 24121

Estimated Value: $506,000 - $1,290,000

12 Beds
4 Baths
15,040 Sq Ft
$53/Sq Ft Est. Value

Last Sold April 03, 2019

Last sale price $950,000 $63 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $4,368/month

42 Days on Market

About This Home

As of April 2019

Built in 1990, this 16 unit apartment community features four buildings with 4 x 2 BR/1 BA units in each. Each unit features a modern, open floor plan & includes a dishwasher, washer/dryer, eat-in kitchen, & private deck overlooking park-like setting. Located only 45 minutes from Roanoke & 35 minutes from Lynchburg, Smith Mountain Lake is the largest man-made lake in Virginia with 32 square miles of area & over 500 miles of shoreline. Boasting over twelve private marinas & 4 golf courses, the area is a popular tourist destination & bedroom community for surrounding areas. Electric metered separately. Owner pays trash & exterior lighting. Water/Sewer is on private well/septic. Ample parking. Currently 100% occupied with established tenants paying $575 and newer tenants paying $625

Co-Listed By

Rick Carroll

RE/MAX LAKEFRONT REALTY INC License #0225176592

RE/MAX LAKEFRONT REALTY INC

Last Buyer's Agent

Non Member Transaction Agent

Non-Member Transaction Office

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,032

Year Built

  • Built in 1990

Lot Details

  • 7.18 Acre Lot

Home Design

  • 15,040 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation

Schools

  • Moneta Elementary School
  • Staunton River Middle School
  • Staunton River High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity, - see remarks
  • Tax Lot 4,5,6,7

Community Details

Overview

  • No Home Owners Association
  • 16 Units
  • Wedgewood Subdivision

Building Details

  • 16 Leased Units
  • Insurance Expense $3,910
  • Maintenance Expense $10,830
  • Manager Expense $8,664
  • Other Expense $1,750
  • New Taxes Expense $5,032
  • Operating Expense $30,186
  • Gross Income $114,000
  • Net Operating Income $78,114

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,032

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Heat Pump Electric
  • ExpensesManagementExp: 8664.00
  • ExpensesOtherExp: 1750.00
  • ExpensesTaxExp: 5032.00
  • Major Area: 06 - Bedford County
  • NumberLeasedUnits: 16.00
  • NumberUnfurnished: 16.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2018-09-18
  • TotalAnnualExpen: 30186.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (10 or More)

Utilities

  • Sewer Description: Private Septic
  • Water Description: Private Well
  • Water Heater Type: Tank

Schools

  • Elementary School: Moneta
  • Middle School: Staunton River
  • High School: Staunton River

Lot Info

  • Lot Dimensions: Irregular
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 7.18
  • Lot: 4,5,6,7
  • Present Use: Built-As

Building Info

  • Year Built: 1990

Tax Info

  • Taxes (6 mo): 5032.00
  • FILLTAXID: 222 7 4, 222 7 5, 222 7 6, 222 8 7

Multi Family

  • Tenant Pays: Electricity, Other - See Remarks
  • Units In Building: 16.00
  • Multi Family Type: Apartments

MLS Schools

  • Elementary School: Moneta
  • HighSchool: Staunton River
  • Middle School: Staunton River

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2018
Closed on
Mar 29, 2019
Sold by
Nester Investments Llc
Bought by
Mcdermott Real Estate Of Va Llc
Buyer's Agent
Non Member Transaction Agent
Non-Member Transaction Office
List Price
$985,000
Sold Price
$950,000
Premium/Discount to List
-$35,000
-3.55%
Current Estimated Value
$800,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$149,060
Avg. Annual Appreciation
-2.56%
Original Mortgage
$670,000
Outstanding Balance
$589,049
Interest Rate
4.3%
Mortgage Type
Commercial
Estimated Equity
$211,891

Purchase Details

Closed on
Jun 25, 2010
Sold by
Wilson Cecele E
Bought by
Nester Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$815,000
Interest Rate
6%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mcdermott Real Estate Of Va Llc $950,000 Attorney
Nester Investments Llc $975,000 Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcdermott Real Estate Of Va Llc $670,000
Previous Owner Nester Investments Llc $815,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/03/2019 04/03/19 Sold $950,000 0.0% $63 / Sq Ft
03/29/2019 03/29/19 Sold $950,000 -3.6% $253 / Sq Ft View Prior Sale
10/12/2018 10/12/18 Pending -- -- --
09/18/2018 09/18/18 Pending -- -- --
08/07/2018 08/07/18 For Sale $985,000 0.0% $65 / Sq Ft
06/26/2018 06/26/18 For Sale $985,000 -- $262 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $2,015 $491,500 $68,500 $423,000
2024 $2,015 $491,500 $68,500 $423,000
2023 $2,015 $245,750 $0 $0
2022 $2,458 $245,750 $0 $0
2021 $2,458 $491,500 $68,500 $423,000
2020 $2,458 $491,500 $68,500 $423,000
2019 $2,458 $491,500 $68,500 $423,000
2018 $2,253 $433,300 $38,500 $394,800
2017 $2,253 $433,300 $38,500 $394,800
2016 $2,253 $433,300 $38,500 $394,800
2015 $2,253 $433,300 $38,500 $394,800
2014 $2,253 $433,300 $38,500 $394,800
Source: Public Records

Agents Affiliated with this Home

  • Rick Carroll

    Seller's Agent in 2019

    Rick Carroll

    RE/MAX

    22 Total Sales

    Rick Carroll
    Section Image

  • N

    Buyer's Agent in 2019

    Non Member Transaction Agent

    Non-Member Transaction Office

See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 851223

Roanoke Valley Association of REALTORS®

APN: 222-7-5

Virginia Bedford County Moneta 24121

102 McAlliff Ln Unit 108, Moneta, VA

This home is located at 102 McAlliff Ln Unit 108, Moneta, VA 24121 since 07 August 2018 and is currently estimated at $800,940, approximately $53 per square foot. This property was built in 1990. 102 McAlliff Ln Unit 108 is a home located in Bedford County with nearby schools including Moneta Elementary School, Staunton River Middle School, and Staunton River High School.

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