NOT LISTED FOR SALE

111 N Magazine Ave Covington, VA 24426

Estimated Value: $50,000 - $110,000

4 Beds
2 Baths
1,887 Sq Ft
$45/Sq Ft Est. Value

Last Sold February 27, 2023

Last sale price $50,000 $26 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $491/month

44 Days on Market

About This Home

As of February 2023

Looking to start an investment portfolio? Or maybe add a property to your existing portfolio? Look no further! This already rented duplex is the perfect opportunity for any interested investors. Both homes are being sold together for $55,000.

Last Agent to Sell the Property

John Czekner

Sterling Prop & Management LLC Listed on: 12/18/2022

Co-Listed By

David Stull

Sterling Prop & Management LLC

Last Buyer's Agent

John Czekner

Sterling Prop & Management LLC Listed on: 12/18/2022

Home Details

Home Type

Single Family

Est. Annual Taxes

$295

Year Built

1891

Lot Details

0

Listing Details

  • ConservationEsmnt: No
  • Co Selling Member Short Id: davids
  • Directions: From Downtown Lexington:- Get on I-64 W/US-60 W in Rockbridge County- Follow I-64 W to US-220 N/US-60 W in Alleghany County. Take exit 16A from I-64 W/US-60 W- Follow US-220 N to N Magazine Ave in Covington
  • HistoricProperty: No
  • Listing Member Name: JOHN CZEKNER JR
  • Listing Office Short Id: SPM
  • Open House Office I D: 20130709154641479083000000
  • Hoa2 Or Poa: No
  • Prop. Type: Residential/Farm
  • Selling Member Short Id: johnc
  • Selling Office Short Id: SPM
  • Subdivision Yn: No
  • TotalFinSFApx: 1887.00
  • Year Built: 1891
  • Taxes Dollars: 276.80
  • TotalAcresApx: 0.15
  • 1StFloorMstrBdrm: No
  • Total Assessed Value: 34600.00
  • PorchDeckPatioPorch: Front
  • Building Style: 1 1/2 Story, Duplex
  • Type of Construction: Stick Built
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Basement: Crawl Space
  • Full Bathrooms: 2.00
  • Flood Zone Other: Zone X
  • Updated Floor: Wood
  • Heat Other: Floor Furnace
  • Roof Other: Comp Shg
  • Has Attic: Scuttle
  • Lower Floor 1 Bedrooms: 4
  • Fireplace: None
  • Lower Floor 1 Bedrooms: 10

Exterior Features

  • Easements: Unknown
  • Exterior: Stucco
  • Exterior Features: Porch-Front
  • Road Frontage: City Street
  • Roof: Shingle
  • Street: Magazine
  • Surface Water: None
  • Tax Rate: .80
  • Flood Zone: NW
  • Out Buildings: Garage
  • Topography: Rolling
  • Exterior Features: Covered Porch

Garage/Parking

  • Garage Spaces: Detached

Utilities

  • Cooling: No Cooling System
  • Heating: Gas
  • Sewer: Public Sewer
  • Utilities Available: Electric, Gas, Public Sewer, Public Water
  • Water: Public Water
  • Water Heater: Electric

Schools

  • Elementary School: Edgemont Elementary
  • Middle School: Jeter Watson
  • High School: Covington High
  • Elementary School: Edgemont Elementary
  • High School: Covington High
  • Middle School: Jeter Watson

Lot Info

  • Zoning: Residential
  • Best Use: Investment, Residential
  • Current Use: Investment, Residential

Tax Info

  • Tax Map Number: 11---153---1 - -
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2022
Closed on
Feb 27, 2023
Sold by
Durham James H
Bought by
Swett Scott L and Swett Sarah E
Seller's Agent
John Czekner
Sterling Prop & Management LLC
Buyer's Agent
John Czekner
Sterling Prop & Management LLC
List Price
$55,000
Sold Price
$50,000
Premium/Discount to List
-$5,000
-9.09%
Current Estimated Value
$85,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,538
Avg. Annual Appreciation
16.80%

Purchase Details

Closed on
Jul 26, 2013
Sold by
Burks Gerald D
Bought by
Durham James H and Durham Daisy B
Source: Public Records

Range of Values:

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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
Swett Scott L $50,000 --
Durham James H $30,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2023 02/27/23 Sold $50,000 -9.1% $26 / Sq Ft
01/31/2023 01/31/23 Pending -- -- --
12/18/2022 12/18/22 For Sale $55,000 -- $29 / Sq Ft
Source: Rockbridge Highlands 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 $295 $34,700 $5,000 $29,700
2023 $295 $34,700 $5,000 $29,700
2022 $294 $34,600 $5,000 $29,600
2021 $277 $34,600 $5,000 $29,600
2020 $277 $34,600 $5,000 $29,600
2019 $277 $34,600 $5,000 $29,600
2018 $309 $0 $0 $0
2017 $293 $0 $0 $0
2016 -- $38,600 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Czekner

    Seller's Agent in 2023

    John Czekner

    Sterling Prop & Management LLC

    (540) 841-1426

    7 in this area

    57 Total Sales

    John Czekner
    Section Image
  • David Stull

    Seller Co-Listing Agent in 2023

    David Stull

    Sterling Prop & Management LLC

    (540) 460-1111

    4 in this area

    58 Total Sales

    David Stull
    Section Image
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Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 137394

APN: 011-01-0053-00001

Virginia Covington City County Covington 24426

111 N Magazine Ave, Covington, VA

This home is located at 111 N Magazine Ave, Covington, VA 24426 since 18 December 2022 and is currently estimated at $85,538, approximately $45 per square foot. This property was built in 1891. 111 N Magazine Ave is a home located in Covington City with nearby schools including Jeter-Watson Elementary School, Edgemont Primary School, and Covington 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.

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