NOT LISTED FOR SALE

123 Kirk Ave SW Roanoke, VA 24011

Downtown Roanoke Neighborhood

Estimated Value: $1,331,000

-- Bed
-- Bath
5,243 Sq Ft
$254/Sq Ft Est. Value

Last Sold March 01, 2021

Last sale price $994,500 $190 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $7,242/month

92 Days on Market

About This Home

As of March 2021

The Raleigh is a 3 level multi-tenant property with 5 separately metered condominiums located in the center of downtown Roanoke. The location offers the convenience of great walkability, shopping, close proximity to work/school, and nearby parking. The property features 4 residential units and 1 commercial unit on the ground level facing Kirk Avenue. The Raleigh was developed and occupied by a family and is being offered for the first time for sale as a whole.

Last Agent to Sell the Property

Stephen Pendergrass, CCIM, SIOR

POE & CRONK REAL ESTATE GROUP License #0225210868 Listed on: 10/27/2020

Co-Listed By

Bryan Musselwhite CCIM

POE & CRONK REAL ESTATE GROUP License #0225190438

Last Buyer's Agent

Melissa Brumbaugh

RE/MAX ALL POINTS License #0225072688

RE/MAX ALL POINTS

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,700

Year Built

  • Built in 1910

Lot Details

  • 1,568

Parking

  • On-Street Parking

Home Design

  • 5,243 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 1 Leased Unit
  • Operating Expense $1
  • Gross Income $10,800
  • Net Operating Income $1

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,700

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Heating System: Gas - Natural, Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Central Cooling
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 1.00
  • NumberUnfurnished: 4.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2021-01-27
  • TotalAnnualExpen: 1.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Street

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: 1x1
  • Property Group Id: 19990816212116581394000000
  • Phase: 1
  • ZoningCode: D

Building Info

  • Year Built: 1910

Tax Info

  • Taxes (6 mo): 2700.00
  • FILLTAXID: 1011521

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
Oct 27, 2020
Closed on
Feb 24, 2021
Sold by
Levan Properties Llc
Bought by
Viking Lane Properties Llc
Seller's Agent
Stephen Pendergrass, CCIM, SIOR
POE & CRONK REAL ESTATE GROUP
Buyer's Agent
Melissa Brumbaugh
RE/MAX ALL POINTS
List Price
$1,095,000
Sold Price
$994,500
Premium/Discount to List
-$100,500
-9.18%
Current Estimated Value
$1,331,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$336,500
Avg. Annual Appreciation
6.76%
Original Mortgage
$768,000
Outstanding Balance
$696,235
Interest Rate
2.7%
Mortgage Type
Credit Line Revolving
Estimated Equity
$639,765

Purchase Details

Closed on
Sep 29, 2008
Sold by
Bedrock Llc
Bought by
Levan Peoperties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
6.41%
Mortgage Type
Purchase Money Mortgage
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
Viking Lane Properties Llc $994,500 Fidelity National Title
Levan Peoperties Llc $175,000 Fidelity National Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Viking Lane Properties Llc $768,000
Previous Owner Levan Peoperties Llc $185,000
Previous Owner Kurshan Richard M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2021 03/01/21 Sold $994,500 -9.2% $190 / Sq Ft
01/27/2021 01/27/21 Pending -- -- --
10/27/2020 10/27/20 For Sale $1,095,000 -- $209 / 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
2024 $52 $0 $0 $0
2023 $49 $0 $0 $0
2022 $38 $0 $0 $0
2021 $32 $0 $0 $0
2020 $32 $0 $0 $0
2019 $32 $0 $0 $0
2018 $32 $0 $0 $0
2017 $32 $0 $0 $0
2016 $32 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bryan Musselwhite CCIM

    Seller Co-Listing Agent in 2021

    Bryan Musselwhite CCIM

    POE & CRONK REAL ESTATE GROUP

    (540) 314-7796

    3 in this area

    17 Total Sales

    Bryan Musselwhite CCIM
    Section Image
  • Melissa Brumbaugh

    Buyer's Agent in 2021

    Melissa Brumbaugh

    RE/MAX

    (540) 815-4880

    1 in this area

    31 Total Sales

    Melissa Brumbaugh
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 874613

Roanoke Valley Association of REALTORS®

APN: 101-1521

Virginia Roanoke City County Roanoke 24011 Downtown Roanoke

123 Kirk Ave SW, Roanoke, VA

This home is located at 123 Kirk Ave SW, Roanoke, VA 24011 since 27 October 2020 and is currently estimated at $1,331,000, approximately $253 per square foot. This property was built in 1910. 123 Kirk 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.

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