NOT LISTED FOR SALE

1201 Armory Dr Franklin, VA 23851

Estimated Value: $10,558,386

-- Bed
-- Bath
16,500 Sq Ft
$640/Sq Ft Est. Value

About This Home

This home is located at 1201 Armory Dr, Franklin, VA 23851 and is currently estimated at $10,558,386, approximately $639 per square foot. 1201 Armory Dr is a home located in Franklin City with nearby schools including S.P. Morton Elementary School, Joseph P. King Jr. Middle School, and Franklin High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2023
Sold by
Colonial Holdings Enterprises Llc
Bought by
Jcarsiiii Properties Llc
Current Estimated Value
$10,558,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,501,250
Outstanding Balance
$7,336,405
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$2,657,163

Purchase Details

Closed on
Jan 19, 2022
Sold by
Mike Duman Real Estate Llc
Bought by
Colonial Holdings Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,216,000
Interest Rate
3.11%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

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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
Jcarsiiii Properties Llc $8,825,000 --
Colonial Holdings Enterprises Llc $3,100,000 New Title Company Name
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jcarsiiii Properties Llc $7,501,250
Previous Owner Colonial Holdings Enterprises Llc $6,216,000
Previous Owner Mike Duman Real Estate Llc $2,500,000
Previous Owner J R Real Estate Llc $1,520,000
Source: Public Records

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
2024 $27,029 $2,624,200 $1,306,800 $1,317,400
2023 $20,355 $1,976,200 $862,500 $1,113,700
2022 $20,355 $1,976,200 $862,500 $1,113,700
2021 $17,714 $1,719,800 $784,100 $935,700
2020 $16,947 $1,719,800 $784,100 $935,700
2019 $16,947 $1,711,800 $784,100 $927,700
2018 $16,947 $1,711,800 $784,100 $927,700
2017 $17,084 $1,725,700 $784,100 $941,600
2016 $17,084 $1,725,700 $784,100 $941,600
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Map

Virginia Franklin City County Franklin 23851

1201 Armory Dr, Franklin, VA

This home is located at 1201 Armory Dr, Franklin, VA 23851 and is currently estimated at $10,558,386, approximately $639 per square foot. 1201 Armory Dr is a home located in Franklin City with nearby schools including S.P. Morton Elementary School, Joseph P. King Jr. Middle School, and Franklin High School.

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