NOT LISTED FOR SALE

1040 7th St Petersburg, VA 23803

Estimated Value: $91,000 - $133,531

2 Beds
1 Bath
780 Sq Ft
$154/Sq Ft Est. Value

Last Sold June 08, 2020

Last sale price $42,000 $54 Per Sq Ft

Est. 185% increase in value since last sale

Current estimated payment $684/month

33 Days on Market

Highlights

  • Front Porch
  • Window Unit Cooling System
  • Partially Fenced Property
  • Eat-In Kitchen
  • Baseboard Heating
  • Carpet

About This Home

As of June 2020

"AS IS" 2BR, 1 BA Rancher in Petersburg. Living room, eat-in kitchen with stove - no refrigerator, laundry room with washer/dryer hook-ups. Total electric with electric baseboard heating and window unit a/c (not included). Seller has just had the crawl space encapsulated and new insulation installed.

Last Agent to Sell the Property

Heather Sullivan

Prince George Realty License #0225224416 Listed on: 04/03/2020

Last Buyer's Agent

Laneta Ricks

Olds Estates and Properties License #0225101863

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $663

Year Built

  • Built in 1952

Lot Details

  • 5,502 Sq Ft Lot
  • Partially Fenced Property
  • Chain Link Fence
  • Zoning described as R-2

Home Design

  • Frame Construction
  • Asphalt Roof
  • Clapboard

Interior Spaces

  • 780 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Stove
  • Laminate Countertops

Flooring

  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Driveway
  • Unpaved Parking

Outdoor Features

  • Front Porch

Schools

  • Walnut Hill Elementary School
  • Vernon Johns Middle School
  • Petersburg High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Water Heater

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 013-250001

Home Details

Home Type

Single Family

Est. Annual Taxes

$663

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1952
  • Property Attached Yn: No
  • Lot Size Acres: 0.1263
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet, Linoleum
  • Appliances: Electric Water Heater, Stove
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Bedroom on Main Level, Eat-in Kitchen, Laminate Counters
  • Living Area: 780.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Asphalt
  • Fencing: Chain Link, Fenced, Partial
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Clapboard, Drywall, Frame
  • Exterior Features: Porch, Unpaved Driveway
  • Patio And Porch Features: Front Porch, Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Driveway, Unpaved

Utilities

  • Heating: Baseboard, Electric
  • Cooling: Window Unit(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Vernon Johns

Lot Info

  • Parcel Number: 013-250001
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 663.0
  • Tax Lot: 15

MLS Schools

  • Elementary School: Walnut Hill
  • High School: Petersburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2020
Closed on
May 28, 2020
Sold by
Nelms Ray C and Nelms Beverly T
Bought by
Moore Brooke A
Seller's Agent
Heather Sullivan
Prince George Realty
Buyer's Agent
Laneta Ricks
Olds Estates and Properties
List Price
$65,000
Sold Price
$42,000
Premium/Discount to List
-$23,000
-35.38%
Current Estimated Value
$119,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,883
Avg. Annual Appreciation
21.48%
Original Mortgage
$33,600
Outstanding Balance
$29,839
Interest Rate
3.3%
Mortgage Type
Construction
Estimated Equity
$90,044

Purchase Details

Closed on
Sep 27, 2005
Bought by
Nelms Ray C and Nelms Beverly T
Source: Public Records

Range of Values:

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Average Value
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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
Moore Brooke A $42,000 --
Nelms Ray C $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moore Brooke A $33,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2020 06/08/20 Sold $42,000 -6.7% $54 / Sq Ft
05/06/2020 05/06/20 Pending -- -- --
05/05/2020 05/05/20 Price Changed $45,000 -18.2% $58 / Sq Ft
04/16/2020 04/16/20 Price Changed $55,000 -15.4% $71 / Sq Ft
04/03/2020 04/03/20 For Sale $65,000 -- $83 / Sq Ft
Source: Central Virginia Regional MLS

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 $636 $78,000 $9,600 $68,400
2024 $636 $78,000 $9,600 $68,400
2023 $636 $50,100 $9,900 $40,200
2022 $636 $50,100 $9,900 $40,200
2021 $663 $49,100 $9,700 $39,400
2020 $663 $49,100 $9,700 $39,400
2019 $663 $49,100 $9,700 $39,400
2018 $663 $49,100 $9,700 $39,400
2017 $663 $49,100 $9,700 $39,400
2016 $663 $49,100 $0 $0
2014 $497 $0 $0 $0
2013 $166 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2010301

Central Virginia Regional MLS

APN: 013-25-0001