NOT LISTED FOR SALE

1095 Rio Ln Forest, VA 24551

Estimated Value: $550,824 - $672,000

4 Beds
3.5 Baths
2,425 Sq Ft
$246/Sq Ft Est. Value

Last Sold February 04, 2019

Last sale price $345,000 $142 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $3,296/month

150 Days on Market

Highlights

  • Community Lake
  • Main Floor Bedroom
  • Great Room
  • Contemporary Architecture
  • Whirlpool Bathtub
  • Tennis Courts

About This Home

As of February 2019

GORGEOUS new construction in desirable Somerset Meadows in Forest for UNDER $350k! Main level master plus two other bedrooms on main. Beautiful finishes, open floor plan, vaulted ceilings, huge master suite with shower and separate tub. Kitchen is to die for with high end cabinets with granite and stainless appliances. Upstairs has huge bedroom or bonus room with full bath and tons of storage. This is a RARE FIND in Forest for new construction. Call now as some choices and options are still available. Pictures are of similar construction by builder.

Last Agent to Sell the Property

Jeffrey Sims

Legacy Realty and Development License #0225215227 Listed on: 07/12/2018

Co-Listed By

Cary Sims

Legacy Realty and Development License #0225202019

Last Buyer's Agent

Jeffrey Sims

Legacy Realty and Development License #0225215227 Listed on: 07/12/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,600

Year Built

  • Built in 2018

Lot Details

  • 0.61 Acre Lot
  • Landscaped

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • Oversized Parking

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2,425 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Great Room
  • Attic Access Panel
  • Fire and Smoke Detector
  • Laundry on main level

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Whirlpool Bathtub
  • Bathtub Includes Tile Surround

Location

  • Property is near a golf course

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Community Details

Overview

  • Community Lake

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,600

Year Built

Built in 2018

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • FILLACRES: 0.6100
  • AssocFeeOptional: Required
  • Directions: Somerset Meadows to Colby to Rio end of cul-de-sac
  • Lot Measurement: Acres
  • Lot Sq Ft: 26572.00
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • Year Built: 2018
  • Heating System: Heat Pump
  • Building Stories: One and One Half
  • Dwelling Styles: Contemporary
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 0.000 x 0.000
  • Masterbedroom Area: 240.000000
  • Master Bedroom Dim: 16.000 x 15.000
  • Masterbedroom Len: 16.000
  • Masterbedroom Wid: 15.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 4.00
  • Bathrooms Display: 4 (3 1)
  • Lower Floor 1 Bedrooms: 4
  • Broker Approved: Yes
  • High School2: Jefferson Forest-HS
  • Legal Description: SOMERSET MEADOWS SEC 7 LT 179 PB 48/77
  • Middle School2: Forest Midl
  • Reciprocal Listing: No
  • Second Bedroom: 12x12 Level: Level 1 Above Grade
  • Second Bedroom Area: 144.000000
  • Third Bedroom: 12x12 Level: Level 1 Above Grade
  • Third Bedroom Area: 144.000000
  • Fourth Bedroom: 16x15 Level: Level 2 Above Grade
  • Fourth Bedroom Area: 240.000000
  • Above Grade Finished Sq Ft: 2425.00
  • ApplianceConvey: Dishwasher, Disposal, Microwave, Range-Elec
  • Has Attic: Access
  • Has Basement: Slab
  • Breakfast Area: 9x11 Level: Level 1 Above Grade
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Year Built Exception: 0
  • Family Room: 17x17 Level: Level 1 Above Grade
  • Level 1 Full Bathrooms: 2
  • Level 2 Full Bathrooms: 1
  • First Level Half Bathrooms: 1
  • Interior Amenities: Cable Connections, Ceiling Fan(s), Tile Bath(s), Great Room, Main Level Bedroom, Main Level Den, Smoke Alarm, Walk-In Closet(s), Whirlpool Tub
  • Dining Kitchen: 14x12 Level: Level 1 Above Grade
  • Laundry: Main Level
  • Master Bedroom: 16x15 Level: Level 1 Above Grade
  • FamilyRoom Area: 289.000000
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 168.000000
  • Est Other Room1 Dim: 0.000 x 0.000
  • 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: Paved Drive, Landscaped, Insulated Glass, Tennis Courts Nearby, Lake Nearby, Golf Nearby

Garage/Parking

  • Garage Spaces: Oversized
  • Garage Dim: 0.000 x 0.000

Utilities

  • Air Conditioner: Heat Pump
  • Sewer: Septic Tank
  • Hot Water: County
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Fee Frequency: Yearly
  • HOA: Lynchburg Board of Realtors
  • Association Fee: 300.00

Schools

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

Lot Info

  • Lot Sq Ft: 2425.00

Tax Info

  • Estimated Taxes: 1600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2018
Closed on
Jan 23, 2019
Sold by
E & J Investments Llc
Bought by
Peck Andrew A and Peck Carolyn R
Seller's Agent
Jeffrey Sims
Legacy Realty and Development
Buyer's Agent
Jeffrey Sims
Legacy Realty and Development
List Price
$349,900
Sold Price
$345,000
Premium/Discount to List
-$4,900
-1.4%
Current Estimated Value
$595,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,706
Avg. Annual Appreciation
8.24%
Original Mortgage
$327,750
Outstanding Balance
$288,159
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$307,547

Purchase Details

Closed on
May 1, 2017
Sold by
Vollmer Daniel and Vollmer Rachel
Bought by
E & J Investments Llc A Virginia Limited

Purchase Details

Closed on
Oct 20, 2011
Sold by
Somerset Farms Llc
Bought by
Vollmer Daniel and Vollmer Rachel
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
Peck Andrew A $345,000 Attorney
E & J Investments Llc A Virginia Limited $42,500 Settlement Services
Vollmer Daniel -- Reliance Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peck Andrew A $327,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2019 02/04/19 Sold $345,000 -1.4% $142 / Sq Ft
12/09/2018 12/09/18 Pending -- -- --
07/12/2018 07/12/18 For Sale $349,900 -- $144 / 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 $1,802 $439,500 $70,000 $369,500
2024 $1,802 $439,500 $70,000 $369,500
2023 $1,802 $219,750 $0 $0
2022 $1,564 $156,350 $0 $0
2021 $1,564 $312,700 $60,000 $252,700
2020 $1,564 $312,700 $60,000 $252,700
2019 $1,564 $312,700 $60,000 $252,700
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

  • Jeffrey Sims

    Seller's Agent in 2019

    Jeffrey Sims

    Legacy Realty and Development

    (434) 258-4751

    199 Total Sales

    Jeffrey Sims
    Section Image
  • Cary Sims

    Seller Co-Listing Agent in 2019

    Cary Sims

    Legacy Realty and Development

    (434) 841-3576

    46 Total Sales

    Cary Sims
    Section Image
See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 313088

APN: 153-28-179

Virginia Bedford County Forest 24551

1095 Rio Ln, Forest, VA

Not Listed for Sale

Detached

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