NOT LISTED FOR SALE

110 Phelps Rd Madison Heights, VA 24572

Estimated Value: $113,000 - $195,000

3 Beds
2 Baths
1,818 Sq Ft
$85/Sq Ft Est. Value

Last Sold July 25, 2022

Last sale price $75,000 $41 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $844/month

310 Days on Market

About This Home

As of July 2022

Duplex fronting route 163 ( old 29) and Phelps Road Main level unit has front porch. Parking in year and on street. County Water & sewer. Separate water & electric meters. Long time tenants in both units. Month to month lease. Convenient to shopping and Lynchburg. Bus line and stop close by. Sold AS IS home inspection for informational purposes only. Purchaser & buyers agent should verify sq. footage.

Last Agent to Sell the Property

Troy Cash

Cash Bros Real Estate, Inc. License #0225033672 Listed on: 08/10/2021

Last Buyer's Agent

Lauren Campbell

GWG Properties Inc License #0225230981

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $761

Year Built

  • Built in 1910

Lot Details

  • 0.25

Home Design

  • Plaster Walls

Parking

  • 1 Parking Space
  • On-Street Parking

Schools

  • Madison Heights Elementary School
  • Monelison Midl Middle School
  • Amherst High School

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • Wood Flooring
  • 0.25 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 155D

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Water Meters
  • Gross Income $7,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$761

Year Built

Built in 1910

Lot Details

0

Listing Details

  • FILLACRES: 0.2500
  • Directions: 29 North to second exit to route 163
  • Internet Providers: Comcast/Xfinity
  • Lot Measurement: Acres
  • Lot Sq Ft: 10890.00
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 155D
  • Year Built: 1910
  • Heating System: Electric Baseboard
  • Unit Info Number Unfurnished Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: Deed Book 1275 Page 469
  • Reciprocal Listing: No
  • Flooring: Wood Floors
  • Year Built Exception: 0
  • Walls: Plaster

Garage/Parking

  • Parking: 1 Space/Unit, On-Street, Paved Drive

Utilities

  • Utility Electric: American Electric
  • Cooling: Window Unit(s)
  • Sewer: County
  • Hot Water: County
  • Water Heater: Electric
  • Number Of Water Meters: 2

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • Elementary School: Madison Heights Elem
  • High School: Amherst High
  • Middle School: Monelison Midl
  • School District: Amherst

Lot Info

  • Zoning: R1

Rental Info

  • Types Of Leases: Month to Month

Tax Info

  • Estimated Taxes: 761

Multi Family

  • Annual Gross Income: 7920.00
  • Total Number Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2023
Sold by
Rusnak Robert R
Bought by
Straton Oakmont Homes Llc
Current Estimated Value
$153,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Outstanding Balance
$203,038
Interest Rate
6.79%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$49,265

Purchase Details

Listed on
Aug 10, 2021
Closed on
Jul 25, 2022
Sold by
Wahoo Properties Llc
Bought by
Rusnak Robert R
Seller's Agent
Troy Cash
Cash Bros Real Estate, Inc.
Buyer's Agent
Lauren Campbell
GWG Properties Inc
List Price
$104,900
Sold Price
$75,000
Premium/Discount to List
-$29,900
-28.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.75%
Original Mortgage
$58,875
Interest Rate
4.38%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Straton Oakmont Homes Llc -- None Listed On Document
Rusnak Robert R $78,500 Old Republic National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Straton Oakmont Homes Llc $208,000
Previous Owner Rusnak Robert R $58,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2022 07/25/22 Sold $75,000 -28.5% $41 / Sq Ft
06/16/2022 06/16/22 Pending -- -- --
08/10/2021 08/10/21 For Sale $104,900 -- $58 / 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 $423 $69,300 $40,000 $29,300
2024 $423 $69,300 $40,000 $29,300
2023 $423 $69,300 $40,000 $29,300
2022 $423 $69,300 $40,000 $29,300
2021 $423 $69,300 $40,000 $29,300
2020 $423 $69,300 $40,000 $29,300
2019 $635 $104,100 $46,000 $58,100
2018 $635 $104,100 $46,000 $58,100
2017 $635 $104,100 $46,000 $58,100
2016 $635 $104,100 $46,000 $58,100
2015 $576 $104,100 $46,000 $58,100
2014 $583 $104,100 $46,000 $58,100
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2022

    Troy Cash

    Cash Bros Real Estate, Inc.

    (434) 841-7136

    8 in this area

    34 Total Sales

    Troy Cash
    Section Image

  • L

    Buyer's Agent in 2022

    Lauren Campbell

    GWG Properties Inc

    (434) 941-8289

    8 in this area

    46 Total Sales

    Lauren Campbell
    Section Image
See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 333466

APN: 155D-6-A

Virginia Amherst County Madison Heights 24572

110 Phelps Rd, Madison Heights, VA

Not Listed for Sale

MultiFamily

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