NOT LISTED FOR SALE

1162 Rolling Hill Dr Forest, VA 24551

Forest Area

Estimated Value: $430,066 - $508,000

5 Beds
4 Baths
3,650 Sq Ft
$128/Sq Ft Est. Value

Sale Details

Date Sold: January 2, 2019

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

Est. 95% increase in value since last sale

Current estimated payment $2,688 / mo

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2018
Closed on
Jan 2, 2019
Sold by
Bought by
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
$468,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,617
Avg. Annual Appreciation
9.18%
Original Mortgage
$179,925
Outstanding Balance
$155,683
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$312,834

Purchase Details

Closed on
Jul 19, 2013
Sold by
Bought by

Purchase Details

Closed on
Feb 26, 2009
Sold by
Bought by

Purchase Details

Closed on
May 15, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.11%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Forest, VA

  • Garrison Adams Real Estate Agent - RE/MAX LAKEFRONT REALTY INC

    Garrison Adams

    RE/MAX LAKEFRONT REALTY INC

    (540) 900-2997

    65 Total Sales

    2 in Forest

    $565,000 Price Range

    Garrison Adams
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  • STEVEN MARTIN Real Estate Agent - RE/MAX NEW HORIZONS

    STEVEN MARTIN

    RE/MAX NEW HORIZONS

    (434) 443-8331

    56 Total Sales

    1 in Forest

    $289,000 Price

    STEVEN MARTIN
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  • Teresa Grant Real Estate Agent - Keller Williams

    Teresa Grant

    Keller Williams

    (434) 300-3959

    281 Total Sales

    21 in Forest

    $200K - $750K Price Range

    Teresa Grant
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  • Mickey Herzing Real Estate Agent - Mark A. Dalton & Co., Inc.

    Mickey Herzing

    Mark A. Dalton & Co., Inc.

    (434) 771-1920

    132 Total Sales

    10 in Forest

    $240K - $435K Price Range

    Mickey Herzing
     Section Image
  • Robert Hurt Real Estate Agent - Lyons Team, REALTORS

    Robert Hurt

    Lyons Team, REALTORS

    (540) 384-9628

    109 Total Sales

    1 in Forest

    $140,000 Price

    Robert Hurt
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  • DON MARR Real Estate Agent - NEXTHOME TWOFOURFIVE

    DON MARR

    NEXTHOME TWOFOURFIVE

    (434) 771-2354

    79 Total Sales

    2 in Forest

    $303K - $620K Price Range

    DON MARR
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$239,900 Pike Title & Escrow Llc
-- None Available
-- None Available
$150,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $179,925
Previous Owner $150,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $1,358 $331,100 $80,000 $251,100
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 Real Estate Agent - Mark A. Dalton & Co., Inc.

    Seller's Agent in 2019

    Mickey Herzing

    Mark A. Dalton & Co., Inc.

    (434) 660-6032

    132 Total Sales

    Mickey Herzing
    Section Image
  • DeAnn Brown Real Estate Agent - Long & Foster-Forest

    Buyer's Agent in 2019

    DeAnn Brown

    Long & Foster-Forest

    (434) 610-6440

    30 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

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