NOT LISTED FOR SALE

11531 Cedar Ln Ashland, VA 23005

Elmont Neighborhood

Estimated Value: $478,000 - $502,000

2 Beds
1 Bath
1,960 Sq Ft
$247/Sq Ft Est. Value

Last Sold January 10, 2025

Last sale price $475,000 $242 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,778/month

44 Days on Market

Highlights

  • Oversized Parking
  • Liberty Middle School Rated A-
  • 1-Story Property

About This Home

As of January 2025

Incredible opportunity to own two Prime rental homes on one lot Located in Hanover County close in! The property has two homes in a great rental area. These homes are great rentals or live in one and rent the other one. Both homes have been upgraded with HVAC, plumbing, and electrical. Great area with large lot. Great schools and close to Virginia center commons. Both homes are grandfathered in on a single deep well and septic. Assessed at lower value due to single well. These homes are great long term rentals in a hot area. inspection for informational purposes only

Last Agent to Sell the Property

Stuart Haynes

ERA Woody Hogg & Assoc License #0225210874 Listed on: 09/25/2024

ERA Woody Hogg & Assoc

Last Buyer's Agent

Sharon Coleman

Long & Foster REALTORS License #0225062890

Long & Foster REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,855

Year Built

  • Built in 1975

Lot Details

  • 2.16

Parking

  • Oversized Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 1,960 Sq Ft Home
  • 1-Story Property

Schools

  • Elmont Elementary School
  • Liberty Middle School
  • Patrick Henry High School

Utilities

  • Well
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 7778-13-3427

Community Details

Overview

  • Cedar Ridge Estates Subdivision
  • The community has rules related to allowing corporate owners

Building Details

  • Gross Income $44,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,855

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1975
  • Ownership: Corporate
  • Subdivision Name: Cedar Ridge Estates
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Approximate
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Basement YN: No
  • Living Area: 1960.0
  • Stories: 1

Exterior Features

  • Roof: Composition
  • Waterfront: No
  • Disclosures: Disclosure on File
  • Construction Type: Brick, Block

Garage/Parking

  • Parking Features: Oversized

Utilities

  • Sewer: Septic Tank
  • Water Source: Well

Schools

  • Middle Or Junior School: Liberty

Lot Info

  • Parcel Number: 7778-13-3427
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 44400.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2855.0

MLS Schools

  • Elementary School: Elmont
  • High School: Patrick Henry

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2024
Closed on
Dec 17, 2024
Sold by
Dkd Properties Llc
Bought by
Nursery Investments Llc
Seller's Agent
Stuart Haynes
ERA Woody Hogg & Assoc
Buyer's Agent
Sharon Coleman
Long & Foster REALTORS
List Price
$549,950
Sold Price
$475,000
Premium/Discount to List
-$74,950
-13.63%
Views
49
Current Estimated Value
$484,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,811
Avg. Annual Appreciation
2.15%

Purchase Details

Closed on
May 1, 2022
Sold by
Gray Iii Joseph W and Gray Dina A
Bought by
Dkd Properties Llc

Purchase Details

Closed on
Jul 16, 2004
Sold by
Albert Gregory
Bought by
Gray Joseph and Albert,Dina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,300
Interest Rate
5.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2004
Sold by
G & W L L C
Bought by
Albert Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
5.62%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nursery Investments Llc $475,000 Old Republic National Title
Nursery Investments Llc $475,000 Old Republic National Title
Dkd Properties Llc -- Parker Pollard Wilton & Peaden
Dkd Properties Llc -- None Listed On Document
Gray Joseph $194,400 --
Albert Gregory $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gray Joseph $184,300
Previous Owner Albert Gregory $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2025 01/10/25 Sold $475,000 -10.4% $242 / Sq Ft
11/08/2024 11/08/24 Pending -- -- --
10/01/2024 10/01/24 Price Changed $529,950 -3.6% $270 / Sq Ft
09/25/2024 09/25/24 For Sale $549,950 -- $281 / 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
2025 $2,855 $352,500 $96,600 $255,900
2024 $2,855 $352,500 $96,600 $255,900
2023 $2,367 $307,400 $91,000 $216,400
2022 $2,213 $273,200 $84,900 $188,300
2021 $1,981 $244,600 $73,700 $170,900
2020 $1,981 $244,600 $73,700 $170,900
2019 $1,672 $206,400 $68,700 $137,700
2018 $1,672 $206,400 $68,700 $137,700
2017 $1,672 $206,400 $68,700 $137,700
2016 $1,672 $206,400 $68,700 $137,700
2015 $1,570 $193,800 $63,700 $130,100
2014 $1,570 $193,800 $63,700 $130,100
Source: Public Records

Agents Affiliated with this Home

  • Stuart Haynes

    Seller's Agent in 2025

    Stuart Haynes

    ERA Woody Hogg & Assoc

    (804) 550-9595

    1 in this area

    56 Total Sales

    Stuart Haynes
    Section Image
  • Sharon Coleman

    Buyer's Agent in 2025

    Sharon Coleman

    Long & Foster REALTORS

    (804) 347-8193

    6 in this area

    87 Total Sales

    Sharon Coleman
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 2425310

Central Virginia Regional MLS

APN: 7778-13-3427

Virginia Hanover County Ashland 23005 Elmont

11531 Cedar Ln, Ashland, VA

Not Listed for Sale

MultiFamily

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.

Central Virginia Regional MLS All or a portion of th multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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