NOT LISTED FOR SALE

122 Phelps Rd Madison Heights, VA 24572

Estimated Value: $118,000 - $198,000

3 Beds
2 Baths
1,220 Sq Ft
$138/Sq Ft Est. Value

Last Sold April 12, 2017

Last sale price $63,600 $52 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $923/month

156 Days on Market

Highlights

  • 1.2 Acre Lot
  • Wood Under Carpet
  • Electric Baseboard Heater
  • Cape Cod Architecture
  • Central Air

About This Home

As of April 2017

What a great buy for this price! With 3 bedrooms upstairs, a newly updated bathroom on each level, huge living room and dining room plus an additional room on the main level for office or 4th bedroom...this may be the one for you. Fresh paint and new carpet too! It's an older home so closet space is a challenge but there is a full basement, old garage on property, and the lot is 1.20 acre! You'll want to walk through this home.

Last Agent to Sell the Property

Polly Wooldridge

NextHome TwoFourFive License #0225052448 Listed on: 10/25/2016

NextHome TwoFourFive

Last Buyer's Agent

Trevor Gillispie

Elite Realty License #0225241780

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $450

Year Built

  • Built in 1944

Lot Details

  • 1.2 Acre Lot
  • Property is zoned R2

Parking

  • 1 Car Detached Garage

Home Design

  • Cape Cod Architecture
  • Shingle Roof

Interior Spaces

  • 1,220 Sq Ft Home
  • 1.5-Story Property
  • Wood Under Carpet
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Apartment Living Space in Basement

Schools

  • Madison Heights Elementary School
  • Monelison Midl Middle School
  • Amherst High School

Utilities

  • Central Air
  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 155D60

Home Details

Home Type

Single Family

Est. Annual Taxes

$450

Year Built

Built in 1944

Lot Details

0

Listing Details

  • FILLACRES: 1.2000
  • BuildingOnProperty: Other
  • Directions: 29 North Business. Exit before Madison Heights at Rt 163. Turn right and Phelps is immediately on the right.
  • Lot Measurement: Acres
  • Lot Sq Ft: 52272.00
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 155D60
  • Year Built: 1944
  • Detached Garage: 1 Car
  • Heating System: Electric Baseboard
  • Building Stories: One and One Half
  • Dwelling Styles: Cape Cod
  • Foyer Area: 78.000000
  • Laundryroom Dim: 8.000 x 7.000
  • Laundryroom Len: 8.000
  • Living Room Dim: 15.000 x 13.000
  • Livingroom Len: 15.000
  • Livingroom Wid: 13.000
  • Masterbedroom Area: 108.000000
  • Master Bedroom Dim: 12.000 x 9.000
  • Masterbedroom Len: 12.000
  • Masterbedroom Wid: 9.000
  • Office Dim: 0.000 x 0.000
  • Other Room1 Area: 96.000000
  • Other Room1 Len: 12.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 2.00
  • Bathrooms Display: 2 (2 0)
  • Lower Floor 1 Bedrooms: 3
  • Broker Approved: Yes
  • Legal Description: Lot A Blk 1 Phelps Rd
  • Reciprocal Listing: No
  • Second Bedroom: 14x7 Level: Level 2 Above Grade
  • Second Bedroom Area: 98.000000
  • Third Bedroom: 12x9 Level: Level 2 Above Grade
  • Third Bedroom Area: 108.000000
  • Fourth Bedroom: 12x9 Level: Below Grade
  • Fourth Bedroom Area: 108.000000
  • Above Grade Finished Sq Ft: 1220.00
  • ApplianceConvey: None
  • Has Attic: Other
  • Has Basement: Apartment, Full
  • Flooring: Carpet Over Hardwood
  • Year Built Exception: 0
  • Formal Dining: 12x9 Level: Level 1 Above Grade
  • Foyer: 13x6 Level: Level 1 Above Grade
  • Level 1 Full Bathrooms: 1
  • Level 2 Full Bathrooms: 1
  • Interior Amenities: Main Level Den
  • Dining Kitchen: 14x11 Level: Level 1 Above Grade
  • Laundry: Main Level
  • Laundry Room: 8x7 Level: Level 1 Above Grade
  • Living Room: 15x13 Level: Level 1 Above Grade
  • Master Bedroom: 12x9 Level: Level 2 Above Grade
  • Other Room 1: 12x8 Level: Level 1 Above Grade
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 154.000000
  • Laundry Room Area: 56.000000
  • LivingRoom Area: 195.000000
  • Est Other Room1 Dim: 12.000 x 8.000
  • 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: Other

Garage/Parking

  • Garage Spaces: Other
  • Garage Dim: 0.000 x 0.000

Utilities

  • Air Conditioner: Central Electric
  • Sewer: County
  • Hot Water: County
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • Elementary School: Madison Heights Elem
  • High School: Amherst High
  • Middle School: Monelison Midl
  • School District: Amherst

Lot Info

  • Lot Sq Ft: 1220.00
  • Zoning: R2

Tax Info

  • Estimated Taxes: 450

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2022
Sold by
Waters Johnny O
Bought by
Waters Johnny O and Waters Audrey
Current Estimated Value
$167,813

Purchase Details

Closed on
Mar 2, 2022
Sold by
Waters Johnny O
Bought by
Waters Johnny O and Waters Audrey Lynn

Purchase Details

Listed on
Oct 25, 2016
Closed on
Apr 10, 2017
Sold by
Abc Realty Inc
Bought by
Waters Johnny O
Seller's Agent
Polly Wooldridge
NextHome TwoFourFive
Buyer's Agent
Trevor Gillispie
Elite Realty
List Price
$73,900
Sold Price
$63,600
Premium/Discount to List
-$10,300
-13.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.86%
Original Mortgage
$61,692
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Abc Realty Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Waters Johnny O -- --
Waters Johnny O -- Jones Johnston & White Pc
Waters Johnny O $63,600 Old Republic National Title
Abc Realty Inc $49,000 Steamline Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Waters Johnny O $61,692
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2017 04/12/17 Sold $63,600 -13.9% $52 / Sq Ft
03/30/2017 03/30/17 Pending -- -- --
10/25/2016 10/25/16 For Sale $73,900 -- $61 / 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 $476 $78,000 $17,500 $60,500
2024 $476 $78,000 $17,500 $60,500
2023 $476 $78,000 $17,500 $60,500
2022 $476 $78,000 $17,500 $60,500
2021 $476 $78,000 $17,500 $60,500
2020 $476 $78,000 $17,500 $60,500
2019 $490 $80,300 $23,500 $56,800
2018 $490 $80,300 $23,500 $56,800
2017 $245 $80,300 $23,500 $56,800
2016 $490 $80,300 $23,500 $56,800
2015 $450 $80,300 $23,500 $56,800
2014 $450 $80,300 $23,500 $56,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 301945

APN: 155D-6-D