NOT LISTED FOR SALE

116 W Cherry St Marion, VA 24354

Estimated Value: $247,684 - $267,000

3 Beds
3 Baths
2,694 Sq Ft
$96/Sq Ft Est. Value

Last Sold October 30, 2019

Last sale price $108,000 $40 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $1,404/month

182 Days on Market

Highlights

  • Mature Trees
  • Main Floor Primary Bedroom
  • Cottage
  • Marion Elementary School Rated 10
  • No HOA
  • 1 Car Detached Garage

About This Home

As of October 2019

Live in History. Built in 1874, by the Clerk of Court, John S. Copenhaver it is purported to be one of the oldest surviving dwelling the the downtown area. This beautiful and historic home waits for you to come strolling in, relaxing in the spacious living room while the smell of dinner waifs in from the back kitchen. There is plenty of room for a large family. Gas heated steam system will provide warmth on cold winter nights. There is a butler's pantry and a small set of stairs leading up to the back of the house. One of the bathrooms has a nostalgic Claw Foot tub for soaking away the troubles of the day. With a little repair this home will once again be a showplace.

Last Agent to Sell the Property

Sarah Russell

BHHS- Mountain Sky Properties - Bland License #0225228489 Listed on: 03/25/2019

BHHS- Mountain Sky Properties - Bland

Last Buyer's Agent

Philip Beaver

BHHS- Mountain Sky Properties, Wytheville License #0225242549

BHHS- Mountain Sky Properties, Wytheville

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,210

Year Built

  • Built in 1874

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 123 x 145
  • Level Lot
  • Cleared Lot
  • Mature Trees
  • Property is in good condition
  • Property is zoned Resdientia

Parking

  • 1 Car Detached Garage
  • Open Parking

Home Design

  • Cottage
  • Slate Roof
  • Wood Siding
  • Plaster

Interior Spaces

  • 2,694 Sq Ft Home
  • 2-Story Property
  • Brick Fireplace
  • Casement Windows
  • Living Room
  • Dining Room
  • Partial Basement
  • Laundry on main level

Kitchen

  • Oven or Range
  • Cooktop

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level
  • 3 Full Bathrooms

Home Security

  • Storm Windows
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Outbuilding

Schools

  • Marion Elementary School
  • Marion Middle School
  • Marion Senior High School

Utilities

  • No Cooling
  • Hydronic Heating System
  • Heating Available
  • Electric Water Heater
  • High Speed Internet

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,210

Year Built

Built in 1874

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.41
  • Lot Size: 123 x 145
  • Road Surface Type: Paved
  • Directions: From I-81 South, Exit 45 merge onto Rt. 16N./ Commerce Street (towards marion) go .9 Miles, turn left onto Cherry Street. House will be on your left at top of hill after stop sign.
  • Architectural Style: Cottage
  • Carport Y N: No
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1874
  • Kitchen Level: First
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Cooktop, Range/Oven, Refrigerator, Electric Water Heater
  • Has Basement: Partial
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Brick
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet
  • Living Area: 2694
  • Window Features: Casement Windows, Storm Window(s), No Window Treatments
  • Room Bedroom4 Level: Second
  • Living Room Living Room Level: First
  • Master Bedroom Master Bedroom Level: First
  • Room Bedroom3 Level: Second
  • Bathroom 2 Level: Second
  • Room Bedroom2 Level: Second
  • Room Family Room Level: First
  • Bathroom 3 Level: Second
  • Bathroom Level: First
  • Dining Room Dining Room Level: First

Exterior Features

  • Lot Features: Level, Cleared
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Property Disclosure
  • Construction Type: Wood Siding, Plaster
  • Exterior Features: Mature Trees
  • Other Structures: Outbuilding
  • Patio And Porch Features: Patio
  • Property Condition: Exterior Condition: Fair, Interior Condition: Good
  • Roof: Slate

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: Concrete, Detached
  • Total Parking Spaces: 1

Utilities

  • Laundry Features: Main Level
  • Security: Smoke Detector(s)
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hydronic
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Marion Elementary
  • High School: Marion Senior
  • Middle Or Junior School: Marion

Lot Info

  • Lot Size Sq Ft: 17859.6
  • Zoning: Resdientia
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1210.2
  • Tax Lot: 2
  • Tax Map Number: 210-123-2
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2019
Closed on
Oct 29, 2019
Sold by
Marilyn J Cripps L and Marilyn J Cripps L
Bought by
Wright Timothy G and Wright Tracey
Seller's Agent
Sarah Russell
BHHS- Mountain Sky Properties - Bland
Buyer's Agent
Philip Beaver
BHHS- Mountain Sky Properties, Wytheville
List Price
$135,500
Sold Price
$108,000
Premium/Discount to List
-$27,500
-20.3%
Current Estimated Value
$253,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,645
Avg. Annual Appreciation
14.94%
Original Mortgage
$102,600
Outstanding Balance
$90,441
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$167,730

Purchase Details

Closed on
Jun 25, 2014
Sold by
Federal National Mortgage Association
Bought by
Cripps Darren N

Purchase Details

Closed on
Sep 24, 2013
Sold by
Thompson Robert W
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 5, 2009
Sold by
Dakin Paul Edward and Dakin Miriam Marie
Bought by
Thompson Robert W and Thompson Hilary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,900
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2006
Sold by
Blevins Michael D and Blevins Tami R
Bought by
Dakin Paul Edward and Dakin Miriam Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,500
Interest Rate
6.67%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wright Timothy G $108,000 Freedom Settlement Svcs Llc
Cripps Darren N $114,900 --
Federal National Mortgage Association $164,034 --
Thompson Robert W $191,000 --
Dakin Paul Edward $192,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Timothy G $102,600
Previous Owner Thompson Robert W $171,900
Previous Owner Dakin Paul Edward $102,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2019 10/30/19 Sold $108,000 -20.3% $40 / Sq Ft
09/25/2019 09/25/19 Pending -- -- --
03/26/2019 03/26/19 For Sale $135,500 -- $50 / Sq Ft
Source: Southwest Virginia Association of REALTORS®

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 $1,005 $170,400 $18,000 $152,400
2024 $1,005 $170,400 $18,000 $152,400
2023 $870 $117,500 $15,000 $102,500
2022 $870 $117,500 $15,000 $102,500
2021 $870 $117,500 $15,000 $102,500
2020 $870 $117,500 $15,000 $102,500
2019 $984 $133,000 $15,000 $118,000
2018 $984 $133,000 $15,000 $118,000
2017 $984 $133,000 $15,000 $118,000
2016 $984 $133,000 $15,000 $118,000
2015 $984 $0 $0 $0
2014 $1,002 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 68623

APN: 210-123-2