NOT LISTED FOR SALE

107 N Monroe St Unit & 109 Fincastle, VA 24090

Estimated Value: $313,000 - $377,000

4 Beds
4 Baths
2,344 Sq Ft
$142/Sq Ft Est. Value

Last Sold March 26, 2020

Last sale price $230,000 $98 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $1,885/month

161 Days on Market

Highlights

  • No HOA
  • Walk-In Closet
  • Forced Air Heating and Cooling System
  • Central Academy Middle School Rated A-
  • Property is near schools
  • 4-minute walk to Fincastle Historic District

About This Home

As of March 2020

Rare Find! Delightful duplex in desirable historic Fincastle. Well maintained & maintenance free exterior. Great investment or owner occupant opportunity. Both units have a nice kitchen (with gas stove, dishwasher, and refrigerator) that is open to dining area & living room. Laundry room and 1/2 bath also on entry level. Upper level has two bedrooms & full bath. Nice and neutral. More features include a storage area, front porch, private and peaceful covered back patio, deck and level backyard. Plenty of parking. High efficiency gas furnace, new tilt-in windows in front. One unit is rented for $750 w/ a 1 year lease. Other side is vacant and getting new gray laminate floors, new counter tops & fresh paint. Live in one side and let the rental pay for your mortgage. Call LA for details.

Last Agent to Sell the Property

Susan Jones

LONG & FOSTER - ROANOKE OFFICE License #0225052658 Listed on: 09/13/2019

LONG & FOSTER - ROANOKE  OFFICE

Last Buyer's Agent

Tim Thompson

MKB, REALTORS(r) License #0225056345

MKB, REALTORS(r)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,376

Year Built

  • Built in 1986

Lot Details

  • 0.29

Home Design

  • Duplex
  • Slab Foundation

Interior Spaces

  • Walk-In Closet
  • 2,344 Sq Ft Home
  • Ceiling Fan

Schools

  • Breckinridge Elementary School
  • Central Academy Middle School
  • James River High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Additional Features

  • Lot Dimensions are 153 x 91 x 153.49 x 63
  • Property is near schools

Listing and Financial Details

  • Tenant pays for all utilities, deposit, trash disposal
  • Month-to-Month Lease Term
  • Tax Lot 79

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • New Taxes Expense $1,376
  • Operating Expense $2,000
  • Gross Income $18,000
  • Net Operating Income $16,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,376

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan, Walk-in-Closet
  • Heating System: Forced Air Gas
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Central Cooling
  • ExpensesTaxExp: 1376.00
  • Major Area: 07 - Botetourt County
  • MiscellaneousInfoPublicTransport: No
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 2.00
  • Hoa2 Or Poa: No
  • SubdivisionMap: Town of Fincastle
  • TotalAnnualExpen: 2000.00
  • Water Class: N/A
  • Water Heater Energy: Natural Gas
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

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

Association/Amenities

  • Misc Features: Current Lease, Maint-Free Exterior, Walk to School

Lot Info

  • Lot Dimensions: 153 X 91 X 153.49 X 63
  • Property Group Id: 19990816212116581394000000
  • Lot: 79
  • Present Use: Built-As

Building Info

  • Year Built: 1986

Tax Info

  • Taxes (6 mo): 1376.00

Multi Family

  • Lease Type: Month-to-Month, One Year
  • Tenant Pays: All Utilities, Deposit, Trash Disposal
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: Breckinridge
  • HighSchool: James River
  • Middle School: Central Academy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2019
Closed on
Mar 25, 2020
Sold by
Humbert Donald A and Humbert Tracy B
Bought by
Newport Maxwell E
Seller's Agent
Susan Jones
LONG & FOSTER - ROANOKE OFFICE
Buyer's Agent
Tim Thompson
MKB, REALTORS(r)
List Price
$235,000
Sold Price
$230,000
Premium/Discount to List
-$5,000
-2.13%
Current Estimated Value
$331,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,784
Avg. Annual Appreciation
6.76%
Original Mortgage
$225,834
Outstanding Balance
$200,945
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$130,839

Purchase Details

Closed on
Dec 14, 2006
Sold by
Farmer Lois N
Bought by
Humbert Donald A
Source: Public Records

Range of Values:

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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
Newport Maxwell E $230,000 Virginia Title Center Llc
Humbert Donald A $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Newport Maxwell E $225,834
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2020 03/26/20 Sold $230,000 -2.1% $98 / Sq Ft
02/21/2020 02/21/20 Pending -- -- --
09/13/2019 09/13/19 For Sale $235,000 -- $100 / 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 $1,739 $248,400 $41,000 $207,400
2024 $1,739 $248,400 $41,000 $207,400
2023 $1,434 $181,500 $31,000 $150,500
2022 $1,434 $181,500 $31,000 $150,500
2021 $1,434 $181,500 $31,000 $150,500
2020 $1,434 $181,500 $31,000 $150,500
2019 $1,376 $174,200 $31,000 $143,200
2018 $1,376 $174,200 $31,000 $143,200
2017 $1,376 $174,200 $31,000 $143,200
2016 $1,376 $174,200 $31,000 $143,200
2015 $1,364 $189,400 $31,000 $158,400
2014 $1,364 $189,400 $31,000 $158,400
2010 -- $189,400 $31,000 $158,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 863172

Roanoke Valley Association of REALTORS®

APN: 73A(1)79