NOT LISTED FOR SALE

1094 Rio Ln Forest, VA 24551

Estimated Value: $709,558 - $774,000

6 Beds
4 Baths
4,388 Sq Ft
$168/Sq Ft Est. Value

Last Sold August 27, 2018

Last sale price $425,000 $97 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $4,081/month

215 Days on Market

Highlights

  • Cape Cod Architecture
  • Main Floor Bedroom
  • Great Room with Fireplace
  • Wood Flooring
  • Whirlpool Bathtub
  • Formal Dining Room

About This Home

As of August 2018

NEW PRICE on this gorgeous brick home on .85 cul-de-sac lot in sought-after SOMERSET boasting main level master, plus second bedroom/full bath on main level. You'll love the floor plan with formal dining room with columns for elegant dinners, open great room, fabulous kitchen with breakfast area, screened porch, grilling deck overlooking the backyard. Very functional kitchen with stainless appliances, island, breakfast bar, desk, lots of cabinets, granite, spacious main level laundry room with more storage cabinets. Main level master is fabulous, pampering master bath, his/hers vanity, tile shower, whirlpool tub, WI closet. Second level boasts two bedrooms, full bath, and huge bonus room. Lower level features a fabulous family room/theater area, wet bar, two bedrooms (one used as den/office), exercise room, and workshop, patio. Fabulous home at a fabulous price!

Last Agent to Sell the Property

Nadine Blakely

Re/Max 1st Olympic License #0225103715 Listed on: 01/10/2018

Re/Max 1st Olympic

Last Buyer's Agent

Jennifer Goodman

John Stewart Walker, Inc License #0225103100

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,400

Year Built

  • Built in 2007

Lot Details

  • 0.85 Acre Lot
  • Landscaped
  • Property is zoned R1

HOA Fees

  • $17 Monthly HOA Fees

Home Design

  • Cape Cod Architecture
  • Shingle Roof

Interior Spaces

  • 4,388 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room with Fireplace
  • Formal Dining Room

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

Attic

  • Storage In Attic
  • Attic Access Panel
  • Pull Down Stairs to Attic

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Rough-In Basement Bathroom

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Association fees include grounds maintenance, playground, road maintenance, tennis
  • Somerset Meadows Subdivision

Listing and Financial Details

  • Assessor Parcel Number 90508075

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,400

Year Built

Built in 2007

Lot Details

0

HOA Fees

$17 per month

Listing Details

  • FILLACRES: 0.8500
  • Directions: RT 460 West to left on Rt. 811 (At Sheetz) to left on Somerset Dr., left on Colby Dr, right on Rio Lane. Home at end of Cul-de-sac.
  • Lot Measurement: Acres
  • Lot Sq Ft: 37026.00
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 90508075
  • Year Built: 2007
  • FullBathBelowGrade: 1
  • Heating System: Heat Pump, Two-Zone
  • Building Stories: One and One Half
  • Dwelling Styles: Cape Cod
  • Foyer Area: 98.000000
  • Laundryroom Dim: 8.000 x 7.000
  • Laundryroom Len: 8.000
  • Living Room Dim: 0.000 x 0.000
  • Masterbedroom Area: 288.000000
  • Master Bedroom Dim: 18.000 x 16.000
  • Masterbedroom Len: 18.000
  • Masterbedroom Wid: 16.000
  • Office Dim: 11.000 x 10.000
  • Other Room1 Area: 140.000000
  • Other Room1 Len: 14.000
  • 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 LT 180 PB 48/77
  • Middle School2: Forest Midl
  • Reciprocal Listing: No
  • Second Bedroom: 13x12 Level: Level 2 Above Grade
  • Second Bedroom Area: 156.000000
  • Third Bedroom: 13x12 Level: Level 2 Above Grade
  • Third Bedroom Area: 156.000000
  • Fourth Bedroom: 12x12 Level: Level 1 Above Grade
  • Fourth Bedroom Area: 144.000000
  • Fifth Bedroom: 14x11 Level: Below Grade
  • Fifth Bedroom Area: 154.000000
  • Sixth Bedroom: 20x18 Level: Below Grade
  • Sixth Bedroom Area: 360.000000
  • Above Grade Finished Sq Ft: 2587.00
  • ApplianceConvey: Dishwasher, Microwave, Range-Elec
  • Has Attic: Access, Pull Down, Storage Only
  • Has Basement: Exterior Entrance, Full, Interior Entrance, Roughed in Bath, Walkout
  • Breakfast Area: 13x12 Level: Level 1 Above Grade
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Year Built Exception: 0
  • Family Room: 29x20 Level: Below Grade
  • Fireplace: 1 Fireplace, Gas Log, Great Room
  • Formal Dining: 15x12 Level: Level 1 Above Grade
  • Foyer: 14x7 Level: Level 1 Above Grade
  • Level 1 Full Bathrooms: 2
  • Level 2 Full Bathrooms: 1
  • Great Room: 19x17 Level: Level 1 Above Grade
  • Interior Amenities: Cable Available, Cable Connections, Ceiling Fan(s), Tile Bath(s), Drywall, Great Room, Main Level Bedroom, Master Bed w/ Bath, Pantry, Separate Dining Room, Walk-In Closet(s), Whirlpool Tub
  • Dining Kitchen: 13x11 Level: Level 1 Above Grade
  • Laundry: Dryer Connection, Main Level, Separate Laundry Rm., Washer Connections
  • Laundry Room: 8x7 Level: Level 1 Above Grade
  • Master Bedroom: 18x16 Level: Level 1 Above Grade
  • Office: 11x10 Level: Below Grade
  • Other Room 1: 14x10 Level: Below Grade
  • Additional Room 1 Description: Exercise Room
  • FamilyRoom Area: 580.000000
  • GreatRoom Area: 323.000000
  • Livinggreat Room Dim: 19.000 x 17.000
  • Kitchen Area: 143.000000
  • Laundry Room Area: 56.000000
  • Office Area: 110.000000
  • Est Other Room1 Dim: 14.000 x 10.000
  • 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: Completed
  • Exterior Features: Concrete Drive, Landscaped, Undergrnd Utilities

Garage/Parking

  • Attached Garage: 2 Car
  • Garage Spaces: Garage Door Opener
  • Garage Area: 528.000000
  • Garage Dim: 24.000 x 22.000
  • GarageLen: 24.000
  • GarageWid: 22.000

Utilities

  • Air Conditioner: Heat Pump, Two-Zone
  • Sewer: County
  • Hot Water: County
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Fee Frequency: Yearly
  • HOA Includes: Grounds Maintenance, Playground, Road Maintenance, 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: 4388.00
  • Zoning: R1

Tax Info

  • Estimated Taxes: 2400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2018
Closed on
Aug 16, 2018
Sold by
Ward Eric D and Ward Jamie P
Bought by
Osterbind Brandon S and Osterbind Kelly A
Seller's Agent
Nadine Blakely
Re/Max 1st Olympic
Buyer's Agent
Jennifer Goodman
John Stewart Walker, Inc
List Price
$449,900
Sold Price
$425,000
Premium/Discount to List
-$24,900
-5.53%
Current Estimated Value
$738,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,640
Avg. Annual Appreciation
7.82%
Original Mortgage
$340,000
Outstanding Balance
$295,276
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$443,364

Purchase Details

Closed on
Dec 1, 2017
Sold by
Ward Douglas M and Ward Jamie P
Bought by
Ward Eric D and Ward Jamie P

Purchase Details

Closed on
May 27, 2014
Sold by
Schlader Daniel M and Schlader Mary C
Bought by
Ward Douglas M and Ward Jamie P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2007
Sold by
Faisal Development Llc
Bought by
Schlader Daniel M and Schlader Mary C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
6%
Mortgage Type
New Conventional
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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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
Osterbind Brandon S $425,000 Mountain View Stlmt Svcs Llc
Ward Eric D -- None Available
Ward Douglas M $385,000 Sold Republic National Title
Schlader Daniel M -- Southern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Osterbind Brandon S $340,000
Previous Owner Ward Douglas M $308,000
Previous Owner Schlader Daniel M $235,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2018 08/27/18 Sold $425,000 -5.5% $97 / Sq Ft
08/13/2018 08/13/18 Pending -- -- --
01/10/2018 01/10/18 For Sale $449,900 -- $103 / Sq Ft
Source: Lynchburg 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 $2,463 $600,800 $70,000 $530,800
2024 $2,463 $600,800 $70,000 $530,800
2023 $2,463 $300,400 $0 $0
2022 $2,170 $216,950 $0 $0
2021 $2,170 $433,900 $60,000 $373,900
2020 $2,170 $433,900 $60,000 $373,900
2019 $2,170 $433,900 $60,000 $373,900
2018 $2,229 $428,700 $55,000 $373,700
2017 $2,229 $428,700 $55,000 $373,700
2016 $2,229 $428,700 $55,000 $373,700
2015 $2,209 $424,900 $55,000 $369,900
2014 $2,152 $413,800 $55,000 $358,800
Source: Public Records

Agents Affiliated with this Home

  • Nadine Blakely

    Seller's Agent in 2018

    Nadine Blakely

    RE/MAX

    (434) 444-2226

    385 Total Sales

    Nadine Blakely
    Section Image

  • J

    Buyer's Agent in 2018

    Jennifer Goodman

    John Stewart Walker, Inc

    36 Total Sales

    Jennifer Goodman
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 309264

APN: 153-28-180

Virginia Bedford County Forest 24551

1094 Rio Ln, Forest, VA

Not Listed for Sale

Detached

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