NOT LISTED FOR SALE

1162 Rolling Hill Dr Forest, VA 24551

Estimated Value: $415,170 - $519,000

5 Beds
4 Baths
3,650 Sq Ft
$129/Sq Ft Est. Value

Last Sold January 02, 2019

Last sale price $239,900 $66 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $2,540/month

21 Days on Market

Highlights

  • 1.1 Acre Lot
  • Forest Elementary School Rated A-
  • Carpet

About This Home

As of January 2019

Rare find in Forest (24551). Fully rented cash flowing, 4 plex in an easy to rent location. Great growth potential. All 4 units are under rented. Recently installed new carpet and fresh paint in the foyer/entry. This Great Investment Opportunity will not last long! New roof being installed DEC. 1st! No showings unless buyer has verified funds and a pre-qualification letter from a local lender.

Last Agent to Sell the Property

Mickey Herzing

Mark A. Dalton & Co., Inc. License #0225077771 Listed on: 10/19/2018

Last Buyer's Agent

DeAnn Brown

Long & Foster-Forest License #0225064346

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $744

Year Built

  • Built in 1987

Lot Details

  • 1.1 Acre Lot

Home Design

  • 3,650 Sq Ft Home

Flooring

  • Carpet
  • Vinyl

Parking

  • Parking Lot
  • Off-Street Parking

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Month-to-Month Lease Term
  • Assessor Parcel Number 10010300

Community Details

Overview

  • 4 Units
  • Rolling Hills Subdivision

Building Details

  • New Taxes Expense $744
  • Gross Income $23,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$744

Year Built

Built in 1987

Lot Details

1.1 Acres

Listing Details

  • FILLACRES: 1.1000
  • Directions: FROM: RT 221.Take Gumtree to a right on Spring Lake Dr.Take first left on to Country Club Dr. 1162 Rolling Hills is toward the back on the right. FROM:Lake Vista, take right on to Spring Lake Dr., turn right on to Country Club just before Gumtree.
  • Lot Measurement: Acres
  • Lot Sq Ft: 47916.00
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 10010300
  • Year Built: 1987
  • Heating System: Heat Pump
  • Unit Info Number Furnished Units: 4
  • Taxes Expense: 744.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: Rolling Hills Subd Lot 14
  • Reciprocal Listing: No
  • Flooring: Carpet, Vinyl
  • Year Built Exception: 0
  • Walls: Drywall

Garage/Parking

  • Parking: Off Street Parking, Parking Lot

Utilities

  • Utility Electric: American Electric
  • Cooling: Heat Pump
  • Sewer: Septic Tank
  • Hot Water: County
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors
  • Subdivision Complex: Rolling Hills

Schools

  • School District: Bedford

Lot Info

  • Lot Sq Ft: 3650.00
  • Zoning: MF

Rental Info

  • Types Of Leases: 1 Year Lease, Month to Month

Tax Info

  • Estimated Taxes: 744

Multi Family

  • Annual Gross Income: 23880.00
  • Total Number Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2018
Closed on
Jan 2, 2019
Sold by
Lowry Charles M and Lowry Natashia C
Bought by
Vilushis Charles E and Vilushis Anne M
Seller's Agent
Mickey Herzing
Mark A. Dalton & Co., Inc.
Buyer's Agent
DeAnn Brown
Long & Foster-Forest
List Price
$239,900
Sold Price
$239,900
Current Estimated Value
$472,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,643
Avg. Annual Appreciation
9.92%
Original Mortgage
$179,925
Outstanding Balance
$158,826
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$313,717

Purchase Details

Closed on
Jul 19, 2013
Sold by
Carter Melissa Gayle and Carter Charles Ray
Bought by
Lowry Charles M and Lowery Natashia C

Purchase Details

Closed on
Feb 26, 2009
Sold by
Lowry Charles M and Lowry Natashia C
Bought by
Carter Melissa Gayle

Purchase Details

Closed on
May 15, 2008
Sold by
Davis Byron G and Davis Michael Lowry
Bought by
Lowry Charles M and Lowry Natashia C
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
Vilushis Charles E $239,900 Pike Title & Escrow Llc
Lowry Charles M -- None Available
Carter Melissa Gayle -- None Available
Lowry Charles M $150,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vilushis Charles E $179,925
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2019 01/02/19 Sold $239,900 0.0% $66 / Sq Ft
11/09/2018 11/09/18 Pending -- -- --
10/19/2018 10/19/18 For Sale $239,900 -- $66 / Sq Ft
Source: Lynchburg 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 $1,358 $331,100 $80,000 $251,100
2024 $1,358 $331,100 $80,000 $251,100
2023 $1,358 $165,550 $0 $0
2022 $1,161 $116,100 $0 $0
2021 $1,161 $232,200 $40,000 $192,200
2020 $1,161 $232,200 $40,000 $192,200
2019 $1,161 $232,200 $40,000 $192,200
2018 $744 $143,000 $22,000 $121,000
2017 $744 $143,000 $22,000 $121,000
2016 $744 $143,000 $22,000 $121,000
2015 $744 $143,000 $22,000 $121,000
2014 $797 $153,300 $22,000 $131,300
Source: Public Records

Agents Affiliated with this Home

  • Mickey Herzing

    Seller's Agent in 2019

    Mickey Herzing

    Mark A. Dalton & Co., Inc.

    (434) 660-6032

    12 in this area

    149 Total Sales

    Mickey Herzing
    Section Image

  • D

    Buyer's Agent in 2019

    DeAnn Brown

    Long & Foster-Forest

    (434) 610-6440

    4 in this area

    42 Total Sales

    DeAnn Brown
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 315024

APN: 100B-1-14

Virginia Bedford County Forest 24551

1162 Rolling Hill Dr, Forest, VA

Not Listed for Sale

MultiFamily

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