NOT LISTED FOR SALE

1192 Otterlea Ln Bedford, VA 24523

Estimated Value: $586,786 - $668,000

3 Beds
2.5 Baths
2,633 Sq Ft
$240/Sq Ft Est. Value

Last Sold July 16, 2020

Last sale price $400,000 $152 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,565/month

438 Days on Market

Highlights

  • Barn
  • Wood Burning Stove
  • Wood Flooring
  • Creek or Stream View
  • Ranch Style House
  • Great Room

About This Home

As of July 2020

This gem is back on the market due to Buyer's financing falling through! Plus all inspections have been done. Perfect home for families. Summer Camp year round. Swimming, fishing, hunting, boating, hiking, sledding all await you at this home. 3BR/2.5 Bath. Immaculate condition. Master and Family Room overlook pond. Partially fenced for horses. Engineer designed pond with easy maintenance valued at $20k. 24 x 24 barn with 24 x 16 addition with electricity valued at $40k. Beautiful views. Quiet neighborhood. Wood burning stove with fan and ductwork. Full floored attic for additional storage. Custom red cedar cabinets. Full laundry room on main floor. Master on main floor. Maintenance free deck overlooking the pond. Once you are here, you aren't going to want to leave. Call me today!

Last Agent to Sell the Property

Carol Patterson

Century 21 ALL-SERVICE-BED License #0225213039 Listed on: 03/14/2019

Century 21 ALL-SERVICE-BED

Last Buyer's Agent

Meredith Ford

OUT OF AREA BROKER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,754

Year Built

  • Built in 1995

Lot Details

  • 6.83 Acre Lot
  • Garden
  • Property is zoned AR

Property Views

  • Creek or Stream
  • Mountain

Home Design

  • Ranch Style House
  • Shingle Roof

Interior Spaces

  • 2,633 Sq Ft Home
  • Central Vacuum
  • Ceiling Fan
  • Wood Burning Stove
  • Great Room
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer and Dryer Hookup

Attic

  • Attic Floors
  • Pull Down Stairs to Attic

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Garage Door Opener

Schools

  • Big Island Elementary School
  • Liberty Midl Middle School
  • Liberty High School

Farming

  • Barn

Utilities

  • Heat Pump System
  • Underground Utilities
  • Well
  • Electric Water Heater
  • Septic Tank
  • Satellite Dish

Listing and Financial Details

  • Assessor Parcel Number 75-2-13

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,754

Year Built

Built in 1995

Lot Details

0

Listing Details

  • FILLACRES: 6.8300
  • BuildingOnProperty: Barn
  • Directions: 122N left on Forbes Mill Rd. Right on Otterlea, home on left.
  • Internet Providers: Satellite
  • Lot Measurement: Acres
  • Lot Sq Ft: 297515.00
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 75-2-13
  • Year Built: 1995
  • FullBathBelowGrade: 1
  • Heating System: Heat Pump, Wood Stove
  • Building Stories: One
  • Dwelling Styles: Ranch
  • Foyer Area: 64.000000
  • Laundryroom Dim: 11.000 x 10.000
  • Laundryroom Len: 11.000
  • Living Room Dim: 16.000 x 12.000
  • Livingroom Len: 16.000
  • Livingroom Wid: 12.000
  • Masterbedroom Area: 216.000000
  • Master Bedroom Dim: 18.000 x 12.000
  • Masterbedroom Len: 18.000
  • Masterbedroom Wid: 12.000
  • Office Dim: 10.000 x 9.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 3.00
  • Bathrooms Display: 3 (2 1)
  • Lower Floor 1 Bedrooms: 3
  • Broker Approved: Yes
  • High School2: Liberty High
  • Legal Description: Otterlea Lt 13
  • Middle School2: Liberty Midl
  • Reciprocal Listing: No
  • Second Bedroom: 16x12 Level: Below Grade
  • Second Bedroom Area: 192.000000
  • Third Bedroom: 17x14 Level: Below Grade
  • Third Bedroom Area: 238.000000
  • Above Grade Finished Sq Ft: 1605.00
  • ApplianceConvey: Dishwasher, Range-Elec, Refrigerator
  • Has Attic: Floored, Pull Down
  • Has Basement: Exterior Entrance, Finished, Full, Interior Entrance, Walkout
  • Breakfast Area: 9x15 Level: Level 1 Above Grade
  • Flooring: Carpet, Hardwood, Vinyl
  • Year Built Exception: 0
  • Deck: 22x12 Level: Level 1 Above Grade
  • Family Room: 17x14 Level: Level 1 Above Grade
  • Foyer: 8x8 Level: Level 1 Above Grade
  • Level 1 Full Bathrooms: 1
  • First Level Half Bathrooms: 1
  • Interior Amenities: Ceiling Fan(s), Great Room, Main Level Bedroom, Main Level Den, Master Bed w/ Bath, Pantry, Smoke Alarm, Vacuum System, Walk-In Closet(s)
  • Dining Kitchen: 11x15 Level: Level 1 Above Grade
  • Laundry: Dryer Connection, Laundry Room, Main Level, Separate Laundry Rm., Washer Connections
  • Laundry Room: 11x10 Level: Level 1 Above Grade
  • Living Room: 16x12 Level: Level 1 Above Grade
  • Master Bedroom: 18x12 Level: Level 1 Above Grade
  • Office: 10x9 Level: Below Grade
  • FamilyRoom Area: 238.000000
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 165.000000
  • Laundry Room Area: 110.000000
  • LivingRoom Area: 192.000000
  • Office Area: 90.000000
  • Est Other Room1 Dim: 0.000 x 0.000
  • Est Other Room2 Dim: 0.000 x 0.000
  • Est Other Room3 Dim: 0.000 x 0.000
  • Rec Room Dim: 0.000 x 0.000
  • Sunroom Dim: 0.000 x 0.000

Exterior Features

  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Paved Drive, Garden Space, Insulated Glass, Satellite Dish, Undergrnd Utilities, Stream/Creek, Mountain Views
  • Patio: 22x12 Level: Below Grade

Garage/Parking

  • Attached Garage: 2 Car
  • Garage Spaces: Garage Door Opener, Oversized
  • Garage Area: 667.000000
  • Garage Dim: 29.000 x 23.000
  • GarageLen: 29.000
  • GarageWid: 23.000

Utilities

  • Utility Electric: AEP/Appalachian Powr
  • Air Conditioner: Heat Pump
  • Sewer: Septic Tank
  • Hot Water: Well
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Bedford
  • Elementary School #2: Big Island Elem
  • School District: Bedford

Lot Info

  • Lot Sq Ft: 2633.00
  • Zoning: AR

Tax Info

  • Estimated Taxes: 1754

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2024
Sold by
Wells Brian I and Wells Janie
Bought by
Wells Brian I
Current Estimated Value
$632,447

Purchase Details

Listed on
Mar 14, 2019
Closed on
Jul 4, 2020
Sold by
Phillips David M and Phillips Tommie W
Bought by
Wells Brian I and Wells Janie
Seller's Agent
Carol Patterson
Century 21 ALL-SERVICE-BED
Buyer's Agent
Meredith Ford
OUT OF AREA BROKER
List Price
$429,000
Sold Price
$400,000
Premium/Discount to List
-$29,000
-6.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.23%
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
Wells Brian I -- None Listed On Document
Wells Brian I $400,000 Sage Title Group Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Phillipe David M $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2020 07/16/20 Sold $400,000 -6.8% $152 / Sq Ft
05/25/2020 05/25/20 Pending -- -- --
03/14/2019 03/14/19 For Sale $429,000 -- $163 / 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 $1,756 $428,200 $80,000 $348,200
2024 $1,756 $428,200 $80,000 $348,200
2023 $1,756 $214,100 $0 $0
2022 $295 $172,450 $0 $0
2021 $1,725 $344,900 $80,000 $264,900
2020 $1,725 $344,900 $80,000 $264,900
2019 $1,725 $344,900 $80,000 $264,900
2018 $1,754 $337,300 $80,000 $257,300
2017 $1,754 $337,300 $80,000 $257,300
2016 $1,754 $337,300 $80,000 $257,300
2015 $1,754 $337,300 $80,000 $257,300
2014 $1,813 $348,700 $92,600 $256,100
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Carol Patterson

    Century 21 ALL-SERVICE-BED

    (540) 875-8279

    63 Total Sales

    Carol Patterson
    Section Image
  • Meredith Ford

    Buyer's Agent in 2020

    Meredith Ford

    OUT OF AREA BROKER

    (434) 385-8760

    2,716 Total Sales

    Meredith Ford
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 317245

APN: 75-2-13

Virginia Bedford County Bedford 24523

1192 Otterlea Ln, Bedford, VA

This home is located at 1192 Otterlea Ln, Bedford, VA 24523 since 14 March 2019 and is currently estimated at $632,447, approximately $240 per square foot. This property was built in 1995. 1192 Otterlea Ln is a home located in Bedford County with nearby schools including Big Island Elementary School, Liberty Middle School, and Liberty High School.

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