NOT LISTED FOR SALE

1149 Dixie Airport Rd Unit 2 Madison Heights, VA 24572

Estimated Value: $211,000 - $257,000

4 Beds
2 Baths
1,920 Sq Ft
$124/Sq Ft Est. Value

Last Sold October 28, 2021

Last sale price $165,000 $86 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $1,301/month

4 Days on Market

About This Home

As of October 2021

This solidly built brick duplex is situated on just over an acre and conveniently located just minutes from the Amherst bypass. The lower unit has a front porch and side porch and easy no step entry. The interior needs TLC with older flooring, carpet, fixtures, and appliances, but has spacious open rooms. Trane HP was installed in 2002 The upper unit has the identical floor plan as the lower unit. It has been recently painted, has newer appliances and new vinyl flooring. it currently has a gas wall unit for heat and window units for cooling. HP is non operational. Property to be sold as is Roof was installed in 2005. lower tenant says water comes in under side door. Price reflects deferred maintenance and needed repairs and replacements.

Last Agent to Sell the Property

Wendy Reddy

Reddy Real Estate, Inc. License #0225058288 Listed on: 10/01/2021

Last Buyer's Agent

Schyler Higgins

Cornerstone Realty Group Inc. License #0225221808

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $700

Year Built

  • Built in 1989

Lot Details

  • 1.3 Acre Lot

Home Design

  • 1,920 Sq Ft Home

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • Unpaved Driveway
  • Parking Lot
  • Off-Street Parking

Schools

  • Madison Heights Elementary School
  • Monelison Midl Middle School
  • Amherst High School

Utilities

  • Window Unit Cooling System
  • Heat Pump System
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • Septic Tank

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 148-3-8

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$700

Year Built

Built in 1989

Lot Details

0

Listing Details

  • FILLACRES: 1.3030
  • Directions: 29 Bypass to RT 130, right on Dixie Airport Rd. Property on left
  • Internet Providers: Hughes.net, Satellite
  • Lot Measurement: Acres
  • Lot Sq Ft: 56759.00
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 148-3-8
  • Year Built: 1989
  • Heating System: Heat Pump, Wall/Space Unit
  • Unit Info Number Unfurnished Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: opossum Island Road Pt of Lot 8 Larsen Farm
  • Reciprocal Listing: No
  • Flooring: Carpet, Carpet Wall to Wall, Vinyl
  • Year Built Exception: 0
  • Walls: Drywall

Garage/Parking

  • Parking: 2 Spaces/Unit, Off Street Parking, Parking Lot, Unpaved Drive

Utilities

  • Utility Electric: American Electric
  • Cooling: Heat Pump, Window Unit(s)
  • Sewer: Septic Tank
  • Hot Water: County
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Association/Amenities

  • Entry Level Unit: 2

Schools

  • School District: Amherst
  • Elementary School: Madison Heights Elem
  • High School: Amherst High
  • Middle School: Monelison Midl
  • School District: Amherst

Lot Info

  • Lot Sq Ft: 1920.00
  • Zoning: resid

Rental Info

  • Types Of Leases: Month to Month

Tax Info

  • Estimated Taxes: 700

Multi Family

  • Total Number Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2021
Closed on
Oct 26, 2021
Sold by
Leon Betty
Bought by
Slagle Ronald W and Slagle Mary
Seller's Agent
Wendy Reddy
Reddy Real Estate, Inc.
Buyer's Agent
Schyler Higgins
Cornerstone Realty Group Inc.
List Price
$179,900
Sold Price
$165,000
Premium/Discount to List
-$14,900
-8.28%
Current Estimated Value
$237,747

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,747
Avg. Annual Appreciation
9.56%
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
Slagle Ronald W $165,000 Mountain View Stlmnt Svcs
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2021 10/28/21 Sold $165,000 -8.3% $86 / Sq Ft
10/05/2021 10/05/21 Pending -- -- --
10/01/2021 10/01/21 For Sale $179,900 -- $94 / Sq Ft
Source: Lynchburg 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
2025 $609 $99,800 $25,000 $74,800
2024 $609 $99,800 $25,000 $74,800
2023 $609 $99,800 $25,000 $74,800
2022 $609 $99,800 $25,000 $74,800
2021 $609 $99,800 $25,000 $74,800
2020 $609 $99,800 $25,000 $74,800
2019 $877 $143,700 $31,000 $112,700
2018 $877 $143,700 $31,000 $112,700
2017 $877 $143,700 $31,000 $112,700
2016 $877 $143,700 $31,000 $112,700
2015 $805 $143,700 $31,000 $112,700
2014 $805 $143,700 $31,000 $112,700
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2021

    Wendy Reddy

    Reddy Real Estate, Inc.

    (434) 258-4121

    3 in this area

    106 Total Sales

    Wendy Reddy
    Section Image
  • Schyler Higgins

    Buyer's Agent in 2021

    Schyler Higgins

    Cornerstone Realty Group Inc.

    (434) 485-9527

    40 in this area

    434 Total Sales

    Schyler Higgins
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 334453

APN: 148-3-8

Virginia Amherst County Madison Heights 24572

1149 Dixie Airport Rd Unit 2, Madison Heights, VA

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