NOT LISTED FOR SALE

121 Campbell Ave SW Roanoke, VA 24011

Downtown Roanoke Neighborhood

Estimated Value: $1,003,756

-- Bed
-- Bath
6,769 Sq Ft
$148/Sq Ft Est. Value

Last Sold July 01, 2022

Last sale price $815,000 $120 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $6,183/month

246 Days on Market

Highlights

  • No HOA
  • Central Air
  • Baseboard Heating

About This Home

As of July 2022

121 Campbell Ave., is a 6,769SF mixed-use building located in the heart of downtown Roanoke, VA. The building is recently renovated and is comprised of 5 individual units, 3 two-bedroom apartments, 1 retail unit and 1 ground-level commercial live/work suite. The building includes an elevator and spacious outdoor decking at the residential apartments.121 Campbell Ave offers the owner an opportunity to live/work and generate additional income from long- and short-term rentals. This is a great opportunity to own a property and take advantage of the high demand for apartments in downtown Roanoke.

Last Agent to Sell the Property

Stephen Pendergrass, CCIM, SIOR

POE & CRONK REAL ESTATE GROUP License #0225210868 Listed on: 09/02/2021

Co-Listed By

Bryan Musselwhite CCIM

POE & CRONK REAL ESTATE GROUP License #0225190438

Last Buyer's Agent

Sonya Dickinson

MKB, REALTORS(r) License #0225055485

MKB, REALTORS(r)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $8,500

Year Built

  • Built in 1920

Lot Details

  • 2,178 Sq Ft Lot

Parking

  • Off-Site Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 6,769 Sq Ft Home
  • Partial Basement

Schools

  • Highland Park Elementary School
  • James Madison Middle School
  • William Fleming High School

Utilities

  • Central Air
  • Heat Pump System
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 31 / 7

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 4 Leased Units
  • Operating Expense $18,000
  • Gross Income $56,700
  • Net Operating Income $38,700

Property Details

Home Type

Apartment

Est. Annual Taxes

$8,500

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Heating System: Baseboard Electric, Heat Pump Gas
  • Type: Multi-Family
  • Has Basement: Partial Basement
  • Cooling System: Central Cooling
  • CondoAssocYN: No
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 4.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2022-05-06
  • TotalAnnualExpen: 18000.00
  • Water Class: N/A
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Off Site

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water

Schools

  • Elementary School: Highland Park
  • Middle School: James Madison
  • High School: William Fleming

Lot Info

  • Lot Dimensions: 1 x 1
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.05
  • Lot: 31
  • ZoningCode: D

Building Info

  • Year Built: 1920

Tax Info

  • Taxes (6 mo): 8500.00
  • FILLTAXID: 1011023

Multi Family

  • Tenant Pays: Electricity, Gas
  • Units In Building: 5.00
  • Multi Family Type: Apartments

MLS Schools

  • Elementary School: Highland Park
  • HighSchool: William Fleming
  • Middle School: James Madison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2021
Closed on
Jun 21, 2022
Sold by
Diamond Point Inc
Bought by
Notolo Holdings Llc
Seller's Agent
Stephen Pendergrass, CCIM, SIOR
POE & CRONK REAL ESTATE GROUP
Buyer's Agent
Sonya Dickinson
MKB, REALTORS(r)
List Price
$849,950
Sold Price
$815,000
Premium/Discount to List
-$34,950
-4.11%
Current Estimated Value
$1,003,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,756
Avg. Annual Appreciation
6.56%
Original Mortgage
$660,000
Outstanding Balance
$627,883
Interest Rate
5.25%
Mortgage Type
Credit Line Revolving
Estimated Equity
$375,873
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 Buyer Sale Price Title Company
Notolo Holdings Llc $825,000 First Choice Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Notolo Holdings Llc $660,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2022 07/01/22 Sold $815,000 -4.1% $120 / Sq Ft
05/06/2022 05/06/22 Pending -- -- --
09/02/2021 09/02/21 For Sale $849,950 -- $126 / Sq Ft
Source: Roanoke 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 $10,342 $775,600 $92,800 $682,800
2024 $10,342 $699,700 $90,100 $609,600
2023 $9,333 $662,500 $81,900 $580,600
2022 $8,821 $662,500 $81,900 $580,600
2021 $8,810 $662,500 $81,900 $580,600
2020 $8,810 $662,500 $81,900 $580,600
2019 $8,430 $633,700 $76,500 $557,200
2018 $8,053 $605,200 $74,500 $530,700
2017 $7,784 $584,800 $74,500 $510,300
2016 $7,554 $567,400 $72,000 $495,400
2015 $6,864 $567,400 $72,000 $495,400
2014 $6,864 $550,500 $72,000 $478,500
Source: Public Records

Agents Affiliated with this Home

  • Bryan Musselwhite CCIM

    Seller Co-Listing Agent in 2022

    Bryan Musselwhite CCIM

    POE & CRONK REAL ESTATE GROUP

    (540) 314-7796

    3 in this area

    16 Total Sales

    Bryan Musselwhite CCIM
    Section Image
  • Sonya Dickinson

    Buyer's Agent in 2022

    Sonya Dickinson

    MKB, REALTORS(r)

    (540) 353-0123

    1 in this area

    105 Total Sales

    Sonya Dickinson
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 883468

Roanoke Valley Association of REALTORS®

APN: 101-1023

Virginia Roanoke City County Roanoke 24011 Downtown Roanoke

121 Campbell Ave SW, Roanoke, VA

This home is located at 121 Campbell Ave SW, Roanoke, VA 24011 since 02 September 2021 and is currently estimated at $1,003,756, approximately $148 per square foot. This property was built in 1920. 121 Campbell Ave SW is a home located in Roanoke City with nearby schools including Highland Park Elementary School, James Madison Middle School, and William Fleming High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes