NOT LISTED FOR SALE

1037 Rio Ln Forest, VA 24551

Forest Area

Estimated Value: $722,773 - $762,000

6 Beds
4 Baths
3,943 Sq Ft
$187/Sq Ft Est. Value

Sale Details

Date Sold: July 26, 2018

Last sale price $415,000 $105 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $4,249 / mo

254 Days on Market

Highlights

  • Great Room with Fireplace
  • Wood Flooring
  • Whirlpool Bathtub
  • New London Academy Elementary Rated 9+
  • Main Floor Bedroom
  • Attic

About This Home

As of July 2018

Seller Offering $2500 in CC w/Acceptable Offer! Agents see BONUS in agent remarks. New Construction, Complete & ready for new owners. Amazing floor plan in Beautiful Somerset in Forest. This Home offers close to 4000 finished sf w/6 BRs & 4 full baths. This 1 1/2 story offers 2 main level living areas with hardwood floors and 2 fireplaces. Huge eat in kitchen with island, pantry, SS appliances including a refrigerator, hardwood floors, and granite counters adjacent to a large mudroom coming in from the 2 car garage. Main level laundry room. 2 main level bedrooms, a Master suite with sitting area, private bath, w/i closets, tile shower and 2 vanities also an additional main level bedroom with full bath. The second level offers 3 large bedrooms and full bath. Additional living area on the terrace level has a den, bedroom, bath and patio below the deck. IF you need additional space this home offers tons of storage or room to expand. AEP, county water and county sewer

Last Agent to Sell the Property

Liz C Dawson

Elite Realty License #0225142343 Listed on: 10/18/2017

Last Buyer's Agent

R Smawley

Century 21 ALL-SERVICE License #0225203744

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,443

Year Built

  • Home Under Construction

Lot Details

  • 17,424 Sq Ft Lot
  • Landscaped

HOA Fees

  • $17 Monthly HOA Fees

Home Design

  • Shingle Roof

Interior Spaces

  • 3,943 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Multiple Fireplaces
  • Mud Room
  • Great Room with Fireplace
  • Formal Dining Room
  • Den with Fireplace
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Whirlpool Bathtub
  • Bathtub Includes Tile Surround

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer and Dryer Hookup

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Location

  • Property is near golf course

Schools

  • New London Academy Elementary School
  • Forest Midl Middle School
  • Jefferson Forest-Hs High School

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Electric Water Heater

Community Details

  • Association fees include neighborhood lights, playground, tennis
  • Somerset Meadows Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,443

Year Built

Home Under Construction

Lot Details

0.4 Acres

HOA Fees

$17 per month

Listing Details

  • FILLACRES: 0.4000
  • AssocFeeOptional: Required
  • Directions: 460 to Rt. 811 (New London Rd) to Right in Somerset Meadows, Left on Colby, Right on Rio
  • Lot Measurement: Acres
  • Lot Sq Ft: 17424.00
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • Year Built: 9999
  • FullBathBelowGrade: 1
  • Heating System: Heat Pump, Three-Zone or more
  • Building Stories: One and One Half
  • Dwelling Styles: Other, See Remarks
  • Officeden Len: 15.000
  • Officeden Wid: 14.000
  • Estimated Completion: 2018-01-02
  • Foyer Area: 96.000000
  • Laundryroom Dim: 8.000 x 6.000
  • Laundryroom Len: 8.000
  • Living Room Dim: 0.000 x 0.000
  • Masterbedroom Area: 273.000000
  • Master Bedroom Dim: 21.000 x 13.000
  • Masterbedroom Len: 21.000
  • Masterbedroom Wid: 13.000
  • Office Dim: 12.000 x 9.000
  • Other Room1 Area: 48.000000
  • Other Room1 Len: 8.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 4.00
  • Bathrooms Display: 4 (4 0)
  • Lower Floor 1 Bedrooms: 6
  • Broker Approved: Yes
  • High School2: Jefferson Forest-HS
  • Legal Description: Somerset Meadows Sec 7 Lot 175
  • Middle School2: Forest Midl
  • Reciprocal Listing: No
  • Second Bedroom: 12x11 Level: Level 1 Above Grade
  • Second Bedroom Area: 132.000000
  • Third Bedroom: 13x12 Level: Level 2 Above Grade
  • Third Bedroom Area: 156.000000
  • Fourth Bedroom: 13x12 Level: Level 2 Above Grade
  • Fourth Bedroom Area: 156.000000
  • Fifth Bedroom: 22x11 Level: Level 2 Above Grade
  • Fifth Bedroom Area: 242.000000
  • Sixth Bedroom: 15x10 Level: Below Grade
  • Sixth Bedroom Area: 150.000000
  • Above Grade Finished Sq Ft: 3135.00
  • ApplianceConvey: Dishwasher, Microwave, Range-Elec, Refrigerator
  • Has Attic: Access, Walk In
  • Has Basement: Exterior Entrance, Finished, Full, Heated, Interior Entrance, Walkout
  • Breakfast Area: 11x9 Level: Level 1 Above Grade
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Year Built Exception: 0
  • Deck: 16x14 Level: Level 1 Above Grade
  • Den: 15x14 Level: Level 1 Above Grade
  • Family Room: 20x15 Level: Below Grade
  • Fireplace: 2 Fireplaces, Den, Great Room
  • Formal Dining: 13x12 Level: Level 1 Above Grade
  • Foyer: 12x8 Level: Level 1 Above Grade
  • Level 1 Full Bathrooms: 2
  • Level 2 Full Bathrooms: 1
  • Great Room: 20x15 Level: Level 1 Above Grade
  • Interior Amenities: Cable Connections, Ceiling Fan(s), Tile Bath(s), Drywall, Great Room, Main Level Bedroom, Main Level Den, Master Bed w/ Bath, Pantry, Separate Dining Room, Smoke Alarm, Walk-In Closet(s), Whirlpool Tub
  • Dining Kitchen: 15x12 Level: Level 1 Above Grade
  • Laundry: Dryer Connection, Laundry Room, Main Level, Separate Laundry Rm., Washer Connections
  • Laundry Room: 8x6 Level: Level 1 Above Grade
  • Master Bedroom: 21x13 Level: Level 1 Above Grade
  • Office: 12x9 Level: Below Grade
  • Other Room 1: 8x6 Level: Level 1 Above Grade
  • Porch: 6x5 Level: Level 1 Above Grade
  • Additional Room 1 Description: Mud Room
  • Den Area: 210.000000
  • FamilyRoom Area: 300.000000
  • GreatRoom Area: 300.000000
  • Livinggreat Room Dim: 20.000 x 15.000
  • Kitchen Area: 180.000000
  • Laundry Room Area: 48.000000
  • Office Area: 108.000000
  • Est Other Room1 Dim: 8.000 x 6.000
  • Est Other Room2 Dim: 0.000 x 0.000
  • Est Other Room3 Dim: 0.000 x 0.000
  • Rec Room Dim: 0.000 x 0.000
  • Sunroom Dim: 0.000 x 0.000

Exterior Features

  • Roof: Shingle
  • New Construction: Under Construction
  • Exterior Features: Concrete Drive, Landscaped, Insulated Glass, Golf Nearby
  • Patio: 16x14 Level: Below Grade

Garage/Parking

  • Attached Garage: 2 Car
  • Garage Spaces: Garage Door Opener
  • Garage Area: 483.000000
  • Garage Dim: 23.000 x 21.000
  • GarageLen: 23.000
  • GarageWid: 21.000

Utilities

  • Air Conditioner: Heat Pump, Three-Zone or More
  • Sewer: County
  • Hot Water: County
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Fee Frequency: Yearly
  • HOA Includes: Neighborhood Lights, Playground, Tennis
  • HOA: Lynchburg Board of Realtors
  • Association Fee: 200.00
  • Subdivision Complex: Somerset Meadows

Schools

  • Elementary School #2: New London Academy
  • School District: Bedford

Lot Info

  • Lot Sq Ft: 3943.00
  • Zoning: R-1

Tax Info

  • Estimated Taxes: 2443

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
Oct 18, 2017
Closed on
Jul 10, 2018
Sold by
Bought by
Seller's Agent
Liz C Dawson
Elite Realty
Buyer's Agent
R Smawley
Century 21 ALL-SERVICE
List Price
$459,900
Sold Price
$415,000
Premium/Discount to List
-$44,900
-9.76%
Current Estimated Value
$736,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,693
Avg. Annual Appreciation
7.43%
Original Mortgage
$249,000
Interest Rate
0.046%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
0.0354%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
$415,000 Reliance Title & Settlement
$40,000 Mountain View Settlement
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 $300,000
Closed $247,400
Closed $249,000
Previous Owner $300,000
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
07/26/2018 07/26/18 Sold $415,000 -9.8% $105 / Sq Ft
06/29/2018 06/29/18 Pending -- -- --
10/18/2017 10/18/17 For Sale $459,900 -- $117 / Sq Ft
Source: Lynchburg 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
2025 $2,617 $638,200 $70,000 $568,200
2024 $2,617 $638,200 $70,000 $568,200
2023 $2,617 $319,100 $0 $0
2022 $2,372 $237,150 $0 $0
2021 $2,372 $474,300 $60,000 $414,300
2020 $2,372 $474,300 $60,000 $414,300
2019 $2,372 $474,300 $60,000 $414,300
2018 $260 $50,000 $50,000 $0
2017 $260 $50,000 $50,000 $0
2016 $260 $50,000 $50,000 $0
2015 $260 $50,000 $50,000 $0
2014 $260 $50,000 $50,000 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Liz C Dawson

    Elite Realty

    99 Total Sales

    Liz C Dawson
    Section Image

  • R

    Buyer's Agent in 2018

    R Smawley

    Century 21 ALL-SERVICE

See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 308251

APN: 152-16-175

Virginia Bedford County Forest 24551

1037 Rio Ln, Forest, VA

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