$262,500
SOLD NOV 6, 2024
4 Beds
2 Baths
935 Sq Ft
1987 Built

Recently Sold

$281 Per Sq Ft

9% Below List Price

64 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Patio
  • Property is in very good condition
  • Gilbert Linkous Elementary School Rated A
  • Dehumidifier
  • Storage Shed

About This Home

As of November 2024

HUGE Price reduction below market value to compensate for a vacant unit. Blank slate just in time for new leases to be signed next month for 2025! Use the space as a Hokie House in the meantime! Investors, parents, and Hokie fans tired of paying outrageous hotel fees, this University Terrace condo is perfect for you! Vacant and ready for occupancy, this condo features 4 bedrooms and 2 bath, a new HVAC system, new dishwasher, stove, sink, countertops, bathroom countertop, and flooring (all in 2020). A new water heater was installed in 2021. In the past two years, the seller has added new windows, new glass and a sliding glass door to the balcony, and the siding was replaced. The unit has been cleaned and is freshly painted and comes with a stackable washer and dryer. Conveniently located on the BT bus route and close to Virginia Tech campus. Don't miss out on this opportunity!

Last Agent to Sell the Property

Rayne Stenger

Nest Realty SWVA License #0225217449 Listed on: 08/04/2024

Nest Realty SWVA

Last Buyer's Agent

James Craighead

RE/MAX 8 - Blacksburg

RE/MAX 8 - Blacksburg

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $161

Year Built

  • Built in 1987

Lot Details

  • Property is in very good condition

Home Design

  • 935 Sq Ft Home
  • Brick Exterior Construction
  • Vinyl Trim

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Outdoor Features

  • Patio
  • Storage Shed

Schools

  • Gilbert Linkous Elementary School
  • Blacksburg Middle School
  • Blacksburg High School

Utilities

  • Dehumidifier
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Property has a Home Owners Association
  • Association fees include all yard maintenance, common area maintenance, exterior bldg maint, garbage removal mgmt, snow removal
  • Property managed by Townside Property

Listing and Financial Details

  • Assessor Parcel Number 226C24

Property Details

Home Type

Condominium

Est. Annual Taxes

$161

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Appearance: Very Good
  • Estimated Total Finished Sq Ft: 935
  • Cable Internet Company: Comcast/Xfinity
  • Class: Residential
  • Condo Level: 1
  • County Or City: Montgomery
  • HOA Management Company: Townside Property
  • Is The Power On: Yes
  • Is The Water On: Yes
  • Legal Description: UNIVERSITY TERR BLDG 2 PH II UNIT 1206D
  • Lvt Date: 08/04/2024
  • Master On Main: Yes
  • Number Rooms: 6
  • Parcel Nbr: 226C24
  • Property Sub Type: Condominium
  • Report Header1: 1206 University Ter, Blacksburg, VA 24060
  • Main Level Bathrooms: 2
  • Room Level Bedrooms Main: 4
  • Style Structure Home: Condo
  • Total Gross Building Area: 935
  • Year Built: 1987
  • Directions: Take North Main Street to left on Progress Street. Turn right into University Terrace.
  • S O1 Office State: No
  • List Price/ Sq Ft: 280.75
  • Tax Year: 2023
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Appliances: Dehumidifier, Dishwasher, Dryer/Electric, Microwave, Range/Electric, Refrigerator, Washer
  • Bedrooms: 4
  • Full Bathrooms: 2

Exterior Features

  • Exterior Features: Cable Available, Storage Shed, Patio
  • Exterior Finish: Brick, Vinyl

Utilities

  • Air Conditioner: Heat Pump
  • Heating: Heat Pump
  • Sewer: Public System
  • Water: Public Water

Condo/Co-op/Association

  • HOA: Home Owners Assoc
  • HOA Fee Includes: All Yard Maintenance, Common Area Maint, Exterior Bldg Maint, Garbage Removal Mgmt, Snow Removal

Schools

  • School District: Montgomery County
  • Elementary School: Gilbert Linkous
  • Middle School: Blacksburg
  • High School: Blacksburg
  • Elementary School: Gilbert Linkous
  • High School: Blacksburg
  • Junior High Dist: Montgomery County

Lot Info

  • Geo Update Timestamp: 2024-08-04
  • Geo Subdivision: VA

MLS Schools

  • Middle School: Blacksburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 1, 1996
Current Estimated Value
$281,066
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $55,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2024 11/06/24 Sold $262,500 -2.7% $281 / Sq Ft
10/07/2024 10/07/24 Pending -- -- --
09/03/2024 09/03/24 Price Changed $269,900 -3.6% $289 / Sq Ft
08/15/2024 08/15/24 Price Changed $279,900 -3.1% $299 / Sq Ft
08/04/2024 08/04/24 For Sale $289,000 +19.4% $309 / Sq Ft
09/27/2023 09/27/23 Sold $242,000 0.0% $259 / Sq Ft
09/03/2023 09/03/23 Pending -- -- --
08/28/2023 08/28/23 For Sale $242,000 -6.9% $259 / Sq Ft
02/08/2023 02/08/23 Sold $260,000 +4.0% $278 / Sq Ft
01/09/2023 01/09/23 Pending -- -- --
01/08/2023 01/08/23 For Sale $249,900 +36.6% $267 / Sq Ft
10/04/2019 10/04/19 Sold $183,000 +2.9% $196 / Sq Ft
08/24/2019 08/24/19 Pending -- -- --
08/19/2019 08/19/19 For Sale $177,900 +7.2% $190 / Sq Ft
07/30/2018 07/30/18 Sold $166,000 +0.7% $178 / Sq Ft
06/27/2018 06/27/18 Pending -- -- --
06/25/2018 06/25/18 For Sale $164,900 -- $176 / Sq Ft
Source: New River Valley 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 $161 $212,000 $0 $212,000
2024 $1,590 $212,000 $0 $212,000
2023 $1,484 $212,000 $0 $212,000
2022 $1,442 $162,000 $0 $162,000
2021 $1,442 $162,000 $0 $162,000
2020 $1,442 $162,000 $0 $162,000
2019 $1,442 $162,000 $0 $162,000
2018 $1,050 $118,000 $0 $118,000
2017 $1,050 $118,000 $0 $118,000
2016 $1,050 $118,000 $0 $118,000
2015 -- $118,000 $0 $118,000
2014 $1,136 $127,600 $0 $127,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: New River Valley Association of REALTORS®

MLS Number: 421851

New River Valley Association of REALTORS®

APN: 027931