NOT LISTED FOR SALE

113 Wallace St Lexington, VA 24450

Estimated Value: $270,000 - $293,000

3 Beds
2 Baths
1,400 Sq Ft
$202/Sq Ft Est. Value

Last Sold July 27, 2022

Last sale price $240,000 $171 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,601/month

11 Days on Market

Highlights

  • Contemporary Architecture
  • Outdoor Fireplace
  • Main Floor Primary Bedroom
  • Harrington Waddell Elementary School Rated A
  • Wood Flooring
  • 1-minute walk to Kids Playce

About This Home

As of July 2022

Recently renovated (2021-2022) Mid-Century Modern duplex a few blocks from downtown Lexington, W&L, and VMI. Rent out 1 or both units, or use one as an in-law suite. Also offers potential to be converted into a single-family dwelling. Storage on site; covered parking; yard spaces for gardening and gathering. #113 features a fireplace, large living-dining area, 1 BR/1 bath; #115 has a living-dining area, 2 BRs/1 bath. Each unit is approx 700 sq ft, nicely updated, and move-in-ready, with appliances (washer/dryer, fridge, range) included. Improvements since 2021: membrane roofing; new electrical systems (breaker boxes, wiring); refinished hardwood floors; brand new kitchen countertops, cabinetry, flooring; fresh interior and exterior paint; and new mini-split cooling units.

Last Agent to Sell the Property

LESLIE GILES

Lexington Real Estate Connection Listed on: 06/17/2022

Last Buyer's Agent

Joseph Vita

Vita & Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,898

Year Built

  • Built in 1957

Lot Details

  • 7,405 Sq Ft Lot
  • Cul-De-Sac

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 1,400 Sq Ft Home
  • Ceiling Fan
  • Brick Fireplace
  • Living Room with Fireplace
  • Crawl Space
  • Scuttle Attic Hole
  • Storm Doors
  • Electric Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Carport

Outdoor Features

  • Outdoor Fireplace
  • Outdoor Storage

Location

  • Flood Zone Lot

Schools

  • Waddell Elementary School
  • Lylburn Downing Middle School
  • Rockbridge Co High School

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Heating System Uses Gas
  • Gas Available
  • Natural Gas Water Heater
  • High Speed Internet
  • Internet Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 29-16-4B

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,898

Year Built

Built in 1957

Lot Details

0

Listing Details

  • ConservationEsmnt: No
  • Heating Cooling Other: mini splits (2022)
  • Directions: from downtown Lexington: south on US 11 Business (South Jefferson St and South Main St) to left on Wallace St; house is on a private cul-de-sac to the right, across the street from Brewbaker Field and the city pools; look for the Lexington Real Estate Connection sign
  • HistoricProperty: No
  • InternetServicesAvailable: Cable, DSL, Fiber Optic
  • Listing Member Name: Leslie A Giles
  • Listing Office Short Id: 80
  • Open House Office I D: 20061211170241366991000000
  • Hoa2 Or Poa: No
  • Prop. Type: Residential/Farm
  • Road Frontage Other: shared driveway
  • Selling Member Short Id: vitaj
  • Subdivision Yn: No
  • TotalFinSFApx: 1400.00
  • Year Built: 1957
  • Taxes Dollars: 1898.46
  • TotalAcresApx: 0.17
  • 1StFloorMstrBdrm: Yes
  • Building Style: Contemporary, Duplex
  • Type of Construction: Stick Built
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Area Remarks: near pool and parks
  • Has Basement: Crawl Space
  • Full Bathrooms: 2.00
  • Dining Room Features Other: shared driveway
  • Updated Floor: Vinyl, Wood
  • Floor Other: refinished 2022
  • Entry Location: Cul-de-Sac
  • Roof Other: membrane (2021)
  • Appliances: As Is, Dryer, Dryer Hookup, Electric Range, Refrigerator, Washer, Washer Hookup
  • Appliances Other: 2 of each (duplex)
  • Has Attic: Scuttle
  • Lower Floor 1 Bedrooms: 3
  • Fireplace: 1, Brick
  • Fireplace Location: Living Room
  • FireplaceLocOther: unit #113 only
  • Lower Floor 1 Bedrooms: 7

Exterior Features

  • Exterior: Brick, Wood
  • Exterior Features: Cable Available, Ceiling Fan(s), Cul-de-sac, Fireplace, Storage Building, Storm Door-Front
  • Road Frontage: City Street
  • Street: Wallace
  • Tax Rate: 1.06
  • Flood Zone: SE

Garage/Parking

  • Garage Spaces: Carport, Double

Utilities

  • Cooling: Heat Pump Electric
  • Heating: Forced Air, Gas
  • Sewer: Public Sewer
  • Utilities Available: Cable, Electric, Gas, Public Sewer, Public Water
  • Water: Public Water
  • Water Heater: Natural Gas

Schools

  • Elementary School: Waddell
  • High School: Rockbridge Co
  • Middle School: Lylburn Downing

Lot Info

  • Lot Dimensions: approx 89' wide x 100' deep
  • Zoning: Residential
  • Best Use: Investment, Residential
  • Current Use: Investment, Residential

Tax Info

  • Tax Map Number: 29-16-4B
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2022
Closed on
Jul 8, 2022
Sold by
Lee Stanford Carol
Bought by
Elliott Paul Rex and Byrne Edward
Seller's Agent
LESLIE GILES
Lexington Real Estate Connection
Buyer's Agent
Joseph Vita
Vita & Associates
List Price
$249,900
Sold Price
$240,000
Premium/Discount to List
-$9,900
-3.96%
Current Estimated Value
$282,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,682
Avg. Annual Appreciation
4.80%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Elliott Paul Rex $240,000 Spencer & Taylor Plc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2022 07/27/22 Sold $240,000 -4.0% $171 / Sq Ft
06/28/2022 06/28/22 Pending -- -- --
06/17/2022 06/17/22 For Sale $249,900 -- $179 / 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
2025 $1,648 $179,100 $45,000 $134,100
2024 $16 $179,104 $45,000 $134,104
2023 $1,648 $179,104 $45,000 $134,104
2022 $1,648 $179,104 $45,000 $134,104
2021 $1,434 $135,333 $42,500 $92,833
2020 $1,434 $135,333 $42,500 $92,833
2019 $1,400 $135,333 $42,500 $92,833
2018 $1,400 $135,300 $42,500 $92,800
2017 $1,459 $131,400 $42,500 $88,900
2016 $1,432 $131,400 $42,500 $88,900
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    LESLIE GILES

    Lexington Real Estate Connection

    (540) 460-2201

    54 in this area

    81 Total Sales

    LESLIE GILES
    Section Image

  • J

    Buyer's Agent in 2022

    Joseph Vita

    Vita & Associates

    (540) 463-9551

    23 in this area

    28 Total Sales

    Joseph Vita
    Section Image
See All Agents

Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 137014

APN: 29-16-4B

Virginia Lexington City County Lexington 24450

113 Wallace St, Lexington, VA

Not Listed for Sale

Detached

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