NOT LISTED FOR SALE

1127 Somerville Grove Terrace Midlothian, VA 23114

Estimated Value: $458,000 - $516,000

3 Beds
2 Baths
3,093 Sq Ft
$158/Sq Ft Est. Value

Last Sold October 09, 2014

Last sale price $160,100 $52 Per Sq Ft

Est. 206% increase in value since last sale

Current estimated payment $3,078/month

11 Days on Market

Highlights

  • Central Air
  • Midlothian High School Rated A
  • Wall to Wall Carpet

About This Home

As of October 2014

3 bedroom, 2 1/2 bath, 3093 sqft 2 story home located in Somerville Grove subdivision will need serious renovation to bring back to life - Priced at $51.70/sqft, $103,900 less than 2014 assessed value of $263,800 - 1st floor includes Living room with wood stove, kitchen, pantry and attached dining area, light and bright sunroom with attached 2 tier rear deck, converted garage now unfinished recreation room and 1/2 bath - 2nd floor includes master bedroom suite, 2 additional bedrooms and 2 additional attached rooms used as offices, great for the home-based business - Large rear yard with detached shed surrounded by privacy fence - This house is ready for your personal touch and TLC - Sold "as-is" seller will not make repairs - It is likely that based on condition, Cash or 203k renovation financing will be the only approved purchase options - Home is subject to Chesterfield County code compliance repairs which will need to be resolved by buyer post closing.

Last Listed By

Don Stebbins

RE/MAX Commonwealth License #0225070127 Listed on: 08/28/2014

RE/MAX Commonwealth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,189

Year Built

  • 1986

Lot Details

  • 0.52

Home Design

  • Composition Roof

Interior Spaces

  • Property has 2 Levels

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 734-696-77-35-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,189

Year Built

1986

Lot Details

0

Listing Details

  • Structure: Frame
  • Price Per Finished Sq Ft: 51.76
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1986

Interior Features

  • Appliances Equipment: Dishwasher, Disposal, Exhaust Fan
  • Flooring: Carpet-W-W, Vinyl
  • Interior: Ceiling Fan, Dining Area, Dryer Hookup, MBR Bath, Pantry, Skylight, Washer Hookup
  • Number of Rooms: 10
  • Fireplace: Wood Burning
  • Total Fireplaces: 1
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Level 2 Full Bathrooms: 2
  • Full Bath Level 2 Description: Tub
  • Level 1 Half Bathroom: 1
  • Basement Type: Crawl Space
  • Attic: Access Panel
  • Number Of Levels: 2.00

Exterior Features

  • Porch: Deck, Front
  • Exterior: Storage Shed Detached
  • Roof: Composition
  • Siding: Hardboard
  • Wall Type: Drywall

Garage/Parking

  • Parking: Off Street, Unpaved Driveway

Utilities

  • Heating Fuel: Electric, Wood
  • Heating: Heat Pump
  • Cooling: Central Air, Electric, Heat Pump
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric, Tank

Schools

  • Elementary School: Evergreen
  • Middle School: Tomahawk Creek
  • High School: Midlothian

Lot Info

  • Zoning: R7 - ONE FAMILY RES
  • Lot: 004
  • Lot Description: Fenced/Enclosed, Level
  • Parcel Number: 734-696-77-35-00000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2015
Sold by
Kenwood Contracting Inc
Bought by
Mcgee Jay T
Total Days on Market
11
Current Estimated Value
$489,969

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,471
Outstanding Balance
$192,278
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$297,691

Purchase Details

Listed on
Aug 28, 2014
Closed on
Oct 9, 2014
Sold by
A Team Marketing Llc
Bought by
Kenwood Contracting Inc
Seller's Agent
Don Stebbins
RE/MAX Commonwealth
Buyer's Agent
Joanna Anderson
Legacy Builders Real Estate Group LLC
List Price
$159,900
Sold Price
$160,100
Premium/Discount to List
$200
0.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.11%

Purchase Details

Listed on
Aug 28, 2014
Closed on
Oct 8, 2014
Sold by
U S Bank Trust N A
Bought by
Team Marketing Llc
Seller's Agent
Don Stebbins
RE/MAX Commonwealth
Buyer's Agent
Joanna Anderson
Legacy Builders Real Estate Group LLC
List Price
$159,900
Sold Price
$160,100
Premium/Discount to List
$200
0.13%

Purchase Details

Listed on
Aug 28, 2014
Closed on
Sep 19, 2014
Sold by
Household Realty Corporation
Bought by
U S Bank Trust N A
Seller's Agent
Don Stebbins
RE/MAX Commonwealth
Buyer's Agent
Joanna Anderson
Legacy Builders Real Estate Group LLC
List Price
$159,900
Sold Price
$160,100
Premium/Discount to List
$200
0.13%

Purchase Details

Closed on
Feb 25, 2014
Sold by
Surety Trusteellc Sub Tr
Bought by
Household Realty Corp

Purchase Details

Closed on
May 5, 2003
Sold by
Louis Arly Pierre
Bought by
Hosue David M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,000
Interest Rate
5.82%
Mortgage Type
New Conventional

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
Mcgee Jay T $250,000 --
Kenwood Contracting Inc $167,500 --
Team Marketing Llc $160,100 --
U S Bank Trust N A -- --
Household Realty Corp $267,073 --
Hosue David M $163,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgee Jay T $245,471
Previous Owner Hosue David M $163,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2014 10/09/14 Sold $160,100 +0.1% $52 / Sq Ft
09/08/2014 09/08/14 Pending -- -- --
08/28/2014 08/28/14 For Sale $159,900 -- $52 / Sq Ft
Source: Central Virginia Regional MLS

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 $4,189 $416,300 $65,700 $350,600
2023 $3,703 $406,900 $62,100 $344,800
2022 $3,505 $381,000 $57,600 $323,400
2021 $2,527 $329,800 $55,800 $274,000
2020 $2,982 $313,900 $52,200 $261,700
2019 $2,163 $298,400 $51,300 $247,100
2018 $2,096 $291,300 $48,600 $242,700
2017 $1,988 $277,800 $48,600 $229,200
2016 $2,590 $269,800 $46,800 $223,000
2015 $1,703 $174,800 $46,800 $128,000
2014 -- $263,800 $46,800 $217,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1424447

Central Virginia Regional MLS

APN: 734-69-67-73-500-000