NOT LISTED FOR SALE

114 E Main St Front Royal, VA 22630

Studio
-- Bath
16,360 Sq Ft
0.32 Acres

Last Sold July 19, 2013

Last sale price $525,000 $32 Per Sq Ft

516 Days on Market

Highlights

  • No HOA
  • Ceiling Fan
  • Baseboard Heating
  • Central Air

About This Home

As of July 2013

Mixed use consisting of 13256SF on main level & 3092SF on 2nd level. Divided into commercial spaces & 10 apartments. 6234SF occupied by antique shop & 3222SF retail w/4 offices, kitchen, 3 restrooms & ample storage. Additional 2037SF of office/storage on main level. Remainder consists of 3 first floor apartments & 7 second floor apartments. Additional income potential from under utilized spaces

Last Agent to Sell the Property

Matthew Bradley

(540) 636-7700 helpdesk@premiermove.com Coldwell Banker Premier Listed on: 12/23/2011

Coldwell Banker Premier

Last Buyer's Agent

Eric Reploeg

(540) 635-4900 workwithremax@gmail.com RE/MAX Real Estate Connections License #0225199266

RE/MAX Real Estate Connections

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,187

Year Built

  • Built in 1910

Lot Details

  • 0.32

Home Design

  • Brick Exterior Construction

Parking

  • On-Street Parking
  • Surface Parking

Utilities

  • Central Air
  • Heat Pump System
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Ceiling Fan
  • 0.32 Acre Lot

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 12281

Community Details

Overview

  • No Home Owners Association
  • 13 Units

Building Details

  • Operating Expense $12,432

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,187

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1910
  • Special Features: 1028
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: No
  • Price Per Sq Ft: 36.61

Exterior Features

  • Construction Materials: Brick, Combination, Concrete
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Surface
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Heating Fuel: Electric
  • Heating Type: Baseboard, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Lot Size Acres: 0.32
  • Lot Size Area: 14039
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 14039.00
  • Zoning: C2
  • In City Limits: Yes

Rental Info

  • Lease Term: 12 Months
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5187.00
  • Assessor Parcel Number: 12281
  • Tax Lot: 21
  • County Tax Payment Frequency: Annually
  • Tax Year: 2011

Multi Family

  • Gross Income: 81300.00
  • Operating Expense: 12432.00
  • Vacancy Allowance Rate: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2011
Closed on
Jul 22, 2013
Sold by
Nvaproperties Llc
Bought by
Gz Llc
Seller's Agent
Matthew Bradley
Coldwell Banker Premier
Buyer's Agent
Eric Reploeg
RE/MAX Real Estate Connections
List Price
$730,000
Sold Price
$525,000
Premium/Discount to List
-$205,000
-28.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$446,250
Outstanding Balance
$325,174
Interest Rate
3.97%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 28, 2006
Sold by
Kim Byong Kwan and Kim Jung Sook
Bought by
Nicholson Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.17%
Mortgage Type
Credit Line Revolving
Source: Public Records
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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
Gz Llc $525,000 None Available
Nicholson Enterprises Llc $750,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gz Llc $446,250
Previous Owner Nicholson Enterprises Llc $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2013 07/19/13 Sold $525,000 -28.1% $32 / Sq Ft
05/22/2013 05/22/13 Pending -- -- --
12/23/2011 12/23/11 For Sale $730,000 -- $45 / Sq Ft
Source: Bright MLS

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 $8,464 $1,767,100 $209,700 $1,557,400
2024 $4,996 $942,700 $168,300 $774,400
2023 $4,619 $942,700 $168,300 $774,400
2022 $4,954 $756,400 $168,300 $588,100
2021 $983 $756,400 $168,300 $588,100
2020 $4,954 $756,400 $168,300 $588,100
2019 $4,954 $756,400 $168,300 $588,100
2018 $3,805 $576,500 $140,300 $436,200
2017 $3,747 $576,500 $140,300 $436,200
2016 $3,574 $576,500 $140,300 $436,200
2015 -- $576,500 $140,300 $436,200
2014 -- $741,000 $168,300 $572,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004659614

Bright MLS