NOT LISTED FOR SALE

1118 Drewry Rd Martinsville, VA 24112

Estimated Value: $163,000 - $216,000

-- Bed
-- Bath
1,556 Sq Ft
$121/Sq Ft Est. Value

Last Sold April 03, 2024

Last sale price $175,000 $112 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,067/month

21 Days on Market

About This Home

As of April 2024

RENOVATED DUPLEX OFFERING 3BED/1BATH EACH UNIT. Convenient to All Amenities! **Great Investment Property!** Public Water/Sewer. Purchaser to verify all info. Owner/Agent.

Last Agent to Sell the Property

Angie McGhee

MKB, REALTORS(r) - FRANKLIN CO License #0225095935 Listed on: 02/01/2024

MKB, REALTORS(r) - FRANKLIN CO

Co-Listed By

Carson Parcell

MKB, REALTORS(r) - FRANKLIN CO License #0225258231

Last Buyer's Agent

Tonya Bredamus

KW MARTINSVILLE License #0225252569

KW MARTINSVILLE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $507

Year Built

  • Built in 1990

Lot Details

  • 0.49 Acre Lot

Home Design

  • Duplex

Interior Spaces

  • 1,556 Sq Ft Home
  • Crawl Space

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity, trash disposal
  • Tax Lot 1

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Operating Expense $4,714
  • Gross Income $18,740
  • Net Operating Income $14,025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$507

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Crawl Space
  • Cooling System: Heat Pump Electric
  • CondoAssocYN: No
  • Major Area: 13 - City of Martinsville
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 2.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2024-02-22
  • TotalAnnualExpen: 4714.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water
  • Water Heater Type: Tank

Schools

  • Elementary School: Other - See Remarks
  • Middle School: Other - See Remarks
  • High School: Other - See Remarks

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.49
  • Lot: 1

Building Info

  • Year Built: 1990

Tax Info

  • Taxes (6 mo): 507.44
  • FILLTAXID: 61(08)00/01

Multi Family

  • Tenant Pays: Electricity, Trash Disposal
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: Other - See Remarks
  • HighSchool: Other - See Remarks
  • Middle School: Other - See Remarks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
Apr 1, 2024
Sold by
Og Capital Llc
Bought by
Badr Collective Llc
Seller's Agent
Angie McGhee
MKB, REALTORS(r) - FRANKLIN CO
Buyer's Agent
Tonya Bredamus
KW MARTINSVILLE
List Price
$189,900
Sold Price
$175,000
Premium/Discount to List
-$14,900
-7.85%
Views
46
Current Estimated Value
$188,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,766
Avg. Annual Appreciation
5.52%
Original Mortgage
$131,250
Outstanding Balance
$129,417
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$59,349

Purchase Details

Closed on
Jun 28, 2022
Sold by
Jacob Gibson
Bought by
Og Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,325,000
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2020
Sold by
A & L Properties Of Martinsville Inc
Bought by
Jbs Capital Llc
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
Badr Collective Llc $175,000 Acquisition Title
Og Capital Llc -- Keene R Neal
Jbs Capital Llc $180,000 American Title & Settlement
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Badr Collective Llc $131,250
Previous Owner Og Capital Llc $1,325,000
Previous Owner Jbs Captial Llc $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2024 04/03/24 Sold $175,000 -7.8% $112 / Sq Ft
02/22/2024 02/22/24 Pending -- -- --
02/01/2024 02/01/24 For Sale $189,900 -- $122 / 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 $495 $50,000 $4,000 $46,000
2023 $495 $50,000 $4,000 $46,000
2022 $520 $50,000 $4,000 $46,000
2021 $520 $50,000 $4,000 $46,000
2020 $531 $50,000 $4,000 $46,000
2019 $531 $50,000 $4,000 $46,000
2018 $531 $50,000 $4,000 $46,000
2017 $531 $50,000 $4,000 $46,000
2016 $531 $50,000 $4,000 $46,000
2015 $531 $50,000 $4,000 $46,000
2014 $531 $50,000 $4,000 $46,000
Source: Public Records

Agents Affiliated with this Home

  • Angie McGhee

    Seller's Agent in 2024

    Angie McGhee

    MKB, REALTORS(r) - FRANKLIN CO

    (540) 537-5918

    565 Total Sales

    Angie McGhee
    Section Image

  • C

    Seller Co-Listing Agent in 2024

    Carson Parcell

    MKB, REALTORS(r) - FRANKLIN CO

    (540) 493-1362

    67 Total Sales

    Carson Parcell
    Section Image
  • Tonya Bredamus

    Buyer's Agent in 2024

    Tonya Bredamus

    KW MARTINSVILLE

    (276) 806-9018

    183 Total Sales

    Tonya Bredamus
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 904675

Roanoke Valley Association of REALTORS®

APN: 000343000

Virginia Martinsville County Martinsville 24112

1118 Drewry Rd, Martinsville, VA

This home is located at 1118 Drewry Rd, Martinsville, VA 24112 since 01 February 2024 and is currently estimated at $188,766, approximately $121 per square foot. This property was built in 1990. 1118 Drewry Rd is a home located in Martinsville City with nearby schools including Albert Harris Elementary School, Martinsville Middle School, and Martinsville 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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