NOT LISTED FOR SALE

113 N Marion Ave Covington, VA 24426

Estimated Value: $96,000 - $147,000

5 Beds
4 Baths
3,968 Sq Ft
$32/Sq Ft Est. Value

Last Sold July 18, 2019

Last sale price $75,000 $19 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $722/month

117 Days on Market

Highlights

  • No HOA
  • Community Pool
  • 3-minute walk to Main Street Park

About This Home

As of July 2019

Wonderful investment opportunity! This 3 story brick building offers 5- two bedroom apartments, each with a living room,kitchen w/ frig & range & 1 full bath. Hardwood floors throughout, natural gas radiator heat, front & back porches, parking in the back & street parking in the front. Convenient to downtown Covington, the city playground & pool, grocery store & restaurants.

Last Agent to Sell the Property

Lisa Brown

HIGHLANDS REALTY & ASSOCIATES LLC License #0225100262 Listed on: 02/08/2019

Last Buyer's Agent

Lisa Brown

HIGHLANDS REALTY & ASSOCIATES LLC License #0225100262 Listed on: 02/08/2019

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $414

Year Built

  • Built in 1955

Lot Details

  • Lot Dimensions are 50' x 130'

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,968 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for deposit
  • Legal Lot and Block 25 & 26 / 10

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Recreation

  • Community Pool

Building Details

  • Operating Expense $20,203
  • Gross Income $27,440
  • Net Operating Income $7,237

Property Details

Home Type

Apartment

Est. Annual Taxes

$414

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Heating System: Gas - Natural, Radiator Gas Heat
  • Type: Multi-Family
  • Has Basement: Full Basement
  • Cooling System: No Cooling System
  • Major Area: 26 - City of Covington
  • NumberUnfurnished: 5.00
  • NumberVehicleSpaces: 4.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2019-06-05
  • TotalAnnualExpen: 20203.00
  • Water Class: N/A
  • Water Heater Energy: Natural Gas
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

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

Association/Amenities

  • Amenities Common: Pool

Schools

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

Lot Info

  • Lot Dimensions: 50' x 130'
  • Property Group Id: 19990816212116581394000000
  • Lot: 25 & 26
  • ZoningCode: R3

Building Info

  • Year Built: 1955

Tax Info

  • Taxes (6 mo): 414.00
  • FILLTAXID: 13-110-25

Multi Family

  • Tenant Pays: Deposit
  • Units In Building: 5.00
  • Multi Family Type: Apartments

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 8, 2019
Closed on
Jul 18, 2019
Sold by
Hicks Audra L
Bought by
Mountain Life Rentals Llc
Seller's Agent
Lisa Brown
HIGHLANDS REALTY & ASSOCIATES LLC
Buyer's Agent
Lisa Brown
HIGHLANDS REALTY & ASSOCIATES LLC
List Price
$89,000
Sold Price
$75,000
Premium/Discount to List
-$14,000
-15.73%
Current Estimated Value
$126,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,082
Avg. Annual Appreciation
9.75%

Purchase Details

Closed on
Nov 28, 2007
Sold by
Does Helmut P and Does Dorothy S
Bought by
Hicks Audra L
Source: Public Records

Range of Values:

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Average Value
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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
Mountain Life Rentals Llc $75,000 --
Hicks Audra L $77,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2019 07/18/19 Sold $75,000 -15.7% $19 / Sq Ft
06/05/2019 06/05/19 Pending -- -- --
02/08/2019 02/08/19 For Sale $89,000 -- $22 / 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 $414 $48,700 $6,000 $42,700
2023 $414 $48,700 $6,000 $42,700
2022 $411 $48,300 $6,000 $42,300
2021 $386 $48,300 $6,000 $42,300
2020 $386 $48,300 $6,000 $42,300
2019 $386 $48,300 $6,000 $42,300
2018 $414 $0 $0 $0
2017 $394 $0 $0 $0
2016 -- $51,800 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Brown

    Seller's Agent in 2019

    Lisa Brown

    HIGHLANDS REALTY & ASSOCIATES LLC

    (540) 862-4414

    60 in this area

    284 Total Sales

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 855899

Roanoke Valley Association of REALTORS®

APN: 013-01-0010-00025

Virginia Covington City County Covington 24426

113 N Marion Ave, Covington, VA

This home is located at 113 N Marion Ave, Covington, VA 24426 since 08 February 2019 and is currently estimated at $126,082, approximately $31 per square foot. This property was built in 1955. 113 N Marion 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.

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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