Seller's Agent in 2020
Teresa Grant
Keller Williams
(434) 546-3202
275 Total Sales
1119 Colby Dr Forest, VA 24551
Estimated Value: $889,000 - $1,292,699
6
Beds
6
Baths
8,700
Sq Ft
$127/Sq Ft
Est. Value
Highlights
- Mountain View
- Property is near golf course and clubhouse
- Marble Flooring
- Community Lake
- Ranch Style House
- Whirlpool Bathtub
About This Home
As of December 2020Looking for a home equipped with two separate living areas and a 4 car garage? This property is perfect for aging parents or adult children, is handicapped accessible with its own drive and entry...NO stairs!FULLY FINISHED BASEMENT is plumbed for a second kitchen and it's priced to sell at $143,000 below county assessment! This property is situated on almost5 acres with stunning mountain views and tucked away with a long paved drive! The topography is almost flat and the rear yard backs up to ultimate privacy! A rare find so close to everything in the Forest community of Somerset Meadows. Inside, this stunner boasts an elegant foyer & endless entertaining space in the great room, HUGE formal dining room, and 34X24 deck. Custom kitchen boasts an abundance of cabinetry, granite counters, travertine tile backsplash, a large pantry, & a new high-end stainless appliance package. Utilities average only $334 per month with a 12 ton GEO thermal (33 seers) & 16 seer heat pump!
Last Agent to Sell the Property
Keller Williams License #0225087218 Listed on: 02/24/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,692
Year Built
- Built in 2006
Lot Details
- 4.89 Acre Lot
- Landscaped
- Garden
HOA Fees
- $40 Monthly HOA Fees
Home Design
- Ranch Style House
- Shingle Roof
Interior Spaces
- 8,700 Sq Ft Home
- Ceiling Fan
- Great Room
- Formal Dining Room
- Den with Fireplace
- Game Room
- Mountain Views
- Scuttle Attic Hole
Kitchen
- Built-In Self-Cleaning Oven
- Electric Range
- Microwave
- Disposal
Flooring
- Wood
- Carpet
- Marble
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- En-Suite Primary Bedroom
- Walk-In Closet
- Whirlpool Bathtub
- Bathtub Includes Tile Surround
Laundry
- Laundry Room
- Laundry on main level
- Washer and Dryer Hookup
Finished Basement
- Heated Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
- Fireplace in Basement
Home Security
- Home Security System
- Fire and Smoke Detector
Parking
- 3 Car Attached Garage
- Workshop in Garage
- Garage Door Opener
Accessible Home Design
- Handicap Shower
- Accessible Doors
Location
- Property is near golf course and clubhouse
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
- Septic Tank
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 30000368
Community Details
Overview
- Somerset Meadows Subdivision
- Community Lake
Recreation
- Tennis Courts
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 24, 2020
Closed on
Dec 17, 2020
Sold by
Boyers Edward L and Revoc Susan
Bought by
Hostetter Franklin Lorie and Hostetter Gregory Franklin
Seller's Agent
Teresa Grant
Keller Williams
Buyer's Agent
Nadine Blakely
Re/Max 1st Olympic
List Price
$849,900
Sold Price
$752,500
Premium/Discount to List
-$97,400
-11.46%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$355,425
Avg. Annual Appreciation
7.96%
Original Mortgage
$427,000
Outstanding Balance
$227,873
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$880,052
Purchase Details
Closed on
Feb 18, 2020
Sold by
Boyers Edward L and Boyers Susan M
Bought by
Boyers Edward L and Boyers Susan M
Purchase Details
Closed on
Dec 11, 2007
Sold by
Bank Of The James
Bought by
Boyers Edward L and Boyers Susan M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.3%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
May 15, 2007
Sold by
Edmunds & Williams Pc
Bought by
Bank Of The James
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hostetter Franklin Lorie | $752,500 | None Listed On Document | |
| Boyers Edward L | -- | None Available | |
| Boyers Edward L | $505,000 | None Available | |
| Bank Of The James | $375,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hostetter Franklin Lorie | $427,000 | |
| Previous Owner | Boyers Edward L | $750,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/18/2020 12/18/20 | Sold | $752,500 | -11.5% | $86 / Sq Ft |
| 11/27/2020 11/27/20 | Pending | -- | -- | -- |
| 02/24/2020 02/24/20 | For Sale | $849,900 | -- | $98 / Sq Ft |
Source: Lynchburg Association of REALTORS®
Tax History Compared to Growth
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 | $4,368 | $1,065,400 | $130,000 | $935,400 |
| 2024 | $4,368 | $1,065,400 | $130,000 | $935,400 |
| 2023 | $4,368 | $532,700 | $0 | $0 |
| 2022 | $4,693 | $469,250 | $0 | $0 |
| 2021 | $4,693 | $938,500 | $110,000 | $828,500 |
| 2020 | $4,693 | $938,500 | $110,000 | $828,500 |
| 2019 | $3,990 | $798,000 | $110,000 | $688,000 |
| 2018 | $4,040 | $776,900 | $110,000 | $666,900 |
| 2017 | $4,040 | $776,900 | $110,000 | $666,900 |
| 2016 | $4,040 | $776,900 | $110,000 | $666,900 |
| 2015 | $4,040 | $776,900 | $110,000 | $666,900 |
| 2014 | $3,687 | $709,000 | $90,000 | $619,000 |
Source: Public Records
Agents Affiliated with this Home
-
Teresa Grant
-
Nadine Blakely
Buyer's Agent in 2020
Nadine Blakely
RE/MAX
(434) 444-2226
387 Total Sales
Map
Source: Lynchburg Association of REALTORS®
MLS Number: 323448
APN: 153-15-20
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