NOT LISTED FOR SALE

1075 Mountcastle Ln Ferrum, VA 24088

Estimated Value: $260,000 - $876,000

3 Beds
2 Baths
1,904 Sq Ft
$297/Sq Ft Est. Value

Last Sold May 01, 2020

Last sale price $500,000 $263 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,213/month

63 Days on Market

Highlights

  • Horses Allowed On Property
  • 132.62 Acre Lot
  • Deck
  • Lake View
  • Cape Cod Architecture
  • Pond

About This Home

As of May 2020

Sportsman's paradise! Awesome 1.7 story log home with 132.62 acres & a 3 +/- acre lake. Secluded, private with wildlife galore. Gorgeous log home with 8x40 covered porch 16x28 deck looking over the lake with large stationary dock. Master suite with loft overlooking family room, massive stone fireplace/cathedral ceiling. Open family room, dining area and kitchen. Several creeks and springs, ATV trails throughout property. Several wildlife food plots. Detached storage building with 1 car shed. Equipment shed past home with several bays for storing toys and fun stuff. Logs were recently re-chinked and logs look like new. Security system and motion detectors.

Last Agent to Sell the Property

Billy Kingery

MOUNTAIN TO LAKE REALTY License #0225171683 Listed on: 01/13/2020

Co-Listed By

Julie Kingery

MOUNTAIN TO LAKE REALTY License #0225175848

Last Buyer's Agent

Billy Kingery

MOUNTAIN TO LAKE REALTY License #0225171683 Listed on: 01/13/2020

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $2,871

Year Built

  • Built in 1996

Lot Details

  • 132.62 Acre Lot
  • Garden

Parking

  • 1 Car Detached Garage

Property Views

  • Lake
  • Mountain

Home Design

  • Cape Cod Architecture
  • Log Cabin

Interior Spaces

  • 1,904 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Fireplace Features Masonry
  • Insulated Doors
  • Great Room with Fireplace
  • Crawl Space
  • Alarm System

Kitchen

  • Breakfast Area or Nook
  • Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Pond
  • Stream or River on Lot
  • Deck
  • Covered Patio or Porch
  • Shed

Schools

  • Ferrum Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot A & B

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$2,871

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Interior Features: Alarm, Breakfast Area, Cathedral Ceiling, Ceiling Fan, Masonry Fireplace
  • Heating System: Heat Pump Electric
  • Fireplace(s): Great Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Crawl Space
  • Major Appliances: Clothes Dryer, Clothes Washer, Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric
  • Outside Features: Covered Porch, Deck, Garden Space, Storage Shed
  • Views: Lake, Mountain
  • AddlCoveredPrkng: Other
  • BedroomsBREntryLevel: 2
  • BedroomsBRUpperLevel: 1
  • EntryAboveGrdFin Sq Ft: 1120.00
  • ExteriorDoors: Fiberglass, Insulated
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsEntryLvl: 1
  • FullBathsFullBathsUpperLvl: 1
  • Grand Total Attached S Q F T: 1904
  • Internet Access: Other, See Remarks
  • InternetAccessCurntInternetProv: Direct TV
  • LaundryLaundryEntryLevel: 1
  • Major Area: 04 - Franklin County
  • MasterBedroomsMasterBRUpperLvl: 1
  • NumberPrimCovSpaces: 1.00
  • Hoa2 Or Poa: No
  • Primary Covered Parking S Q F T: 288
  • PrimCoveredPrking: Garage Detached
  • RatifiedContractDt: 2020-03-16
  • Residential Type: Detached
  • Style Of House: Cape Cod
  • Total Above Grd Fin S Q F T: 1904
  • TotalBdrm: 3
  • TotalBths: 2.00
  • TotalCovdPrkSpc: 1.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1904.00
  • UpperAboveGrdFin Sq Ft: 784.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1

Interior Features

  • Basement YN: No

Exterior Features

  • Porch: Front Porch, Side Porch

Utilities

  • Sewer Description: Private Septic - 3BR
  • Water Description: Private Well
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Horses Permitted, Pond, Stream, Underground Util

Schools

  • Elementary School: Ferrum
  • Middle School: Ben Franklin Middle
  • High School: Franklin County

Lot Info

  • Lot Description: Stream, Varied
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 132.62
  • Lot: A & B
  • ZoningCode: NZ

Building Info

  • Year Built: 1996

Tax Info

  • Taxes (6 mo): 2871.00
  • FILLTAXID: 1010001300 & 1010001301

MLS Schools

  • Elementary School: Ferrum
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2020
Closed on
May 1, 2020
Sold by
Nakhle Moses and Nakhle Jane M
Bought by
Fishman Robert J and Fishman Christine A
Seller's Agent
Billy Kingery
MOUNTAIN TO LAKE REALTY
Buyer's Agent
Billy Kingery
MOUNTAIN TO LAKE REALTY
List Price
$540,000
Sold Price
$500,000
Premium/Discount to List
-$40,000
-7.41%
Current Estimated Value
$565,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,068
Avg. Annual Appreciation
5.84%
Original Mortgage
$500,000
Outstanding Balance
$447,886
Interest Rate
3.3%
Mortgage Type
VA
Estimated Equity
$229,255

Purchase Details

Closed on
Mar 23, 2010
Sold by
Mobley Craig M and Mobley Cindy R
Bought by
Nakhle Moses and Nakhle Jane M

Purchase Details

Closed on
Jul 20, 2005
Sold by
Custer Carey Edwin and Custer Betty Boothe
Bought by
Mobley Craig M and Mobley Cindy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,750
Interest Rate
6.44%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Fishman Robert J $500,000 Investors Title Insurance Co
Nakhle Moses $530,000 --
Mobley Craig M -- --
Mobley Craig M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fishman Robert J $500,000
Previous Owner Mobley Craig M $257,000
Previous Owner Mobley Craig M $252,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2020 05/01/20 Sold $500,000 -7.4% $263 / Sq Ft
03/16/2020 03/16/20 Pending -- -- --
01/13/2020 01/13/20 For Sale $540,000 -- $284 / 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
2024 $1,678 $390,300 $74,400 $315,900
2023 -- $270,600 $67,400 $203,200
2022 $1,385 $264,600 $67,400 $197,200
2021 $1,385 $264,600 $67,400 $197,200
2020 $1,614 $264,600 $67,400 $197,200
2019 $1,497 $245,400 $67,400 $178,000
2018 $1,497 $245,400 $67,400 $178,000
2017 $1,350 $235,700 $67,400 $168,300
2016 $1,350 $235,700 $67,400 $168,300
2015 -- $235,700 $67,400 $168,300
2014 -- $235,700 $67,400 $168,300
2013 -- $235,700 $67,400 $168,300
Source: Public Records

Agents Affiliated with this Home

  • Billy Kingery

    Seller's Agent in 2020

    Billy Kingery

    MOUNTAIN TO LAKE REALTY

    (540) 420-2030

    412 Total Sales

    Billy Kingery
    Section Image
  • Julie Kingery

    Seller Co-Listing Agent in 2020

    Julie Kingery

    MOUNTAIN TO LAKE REALTY

    (540) 420-0738

    250 Total Sales

    Julie Kingery
    Section Image

  • S

    Buyer Co-Listing Agent in 2020

    Steve Furrow

    MOUNTAIN TO LAKE REALTY

    (540) 520-4804

    163 Total Sales

    Steve Furrow
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 865921

Roanoke Valley Association of REALTORS®

APN: 1010001300

Virginia Franklin County Ferrum 24088

1075 Mountcastle Ln, Ferrum, VA

This home is located at 1075 Mountcastle Ln, Ferrum, VA 24088 since 13 January 2020 and is currently estimated at $565,068, approximately $296 per square foot. This property was built in 1996. 1075 Mountcastle Ln is a home located in Franklin County with nearby schools including Henry Elementary School, Benjamin Franklin Middle School, and Franklin County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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