NOT LISTED FOR SALE

1255 Wide Gap Rd Lexington, VA 24450

Collierstown Neighborhood

Estimated Value: $126,000 - $354,000

3 Beds
2 Baths
1,788 Sq Ft
$125/Sq Ft Est. Value

Last Sold June 05, 2015

Last sale price $87,000 $49 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $1,292/month

248 Days on Market

About This Home

As of June 2015

Charming 3-4 bedroom 2-story cottage on 2 acres with small stream in the Collierstown community. Offers lots of space with large rooms, wood floors, enclosed front & side porches. Features center stairway, living room w/gas fireplace, eat-in kitchen & large dining room leading to side patio w/built-in BBQ. Carport, paved driveway & storage building. New breaker box w/underground service to house.

Last Agent to Sell the Property

Lana Nicely

Flint Realty LLC Listed on: 07/25/2014

Last Buyer's Agent

Janie Harris

James River Realty - Lexington

Home Details

Home Type

Single Family

Est. Annual Taxes

$916

Year Built

1920

Lot Details

0

Listing Details

  • ConservationEsmnt: No
  • Directions: SW from Lexington on Collierstown Rd to Kygers Hill Road to Blue Grass Trail to first right after Palmer Community Center on Wide Gap Road - house on Right at Flint Realty sign.
  • HistoricProperty: No
  • Listing Member Name: Lana H Nicely
  • Listing Office Short Id: 86
  • Open House Office I D: 20061211170240485629000000
  • Hoa2 Or Poa: No
  • Prop. Type: Residential/Farm
  • Selling Member Short Id: janie2
  • Selling Office Short Id: jrrlex
  • Subdivision Yn: No
  • TotalFinSFApx: 1788.00
  • Year Built: 1920
  • Taxes Dollars: 991.71
  • TotalAcresApx: 1.80
  • 1StFloorMstrBdrm: Yes
  • Total Assessed Value: 138700.00
  • Porch Deck Patio: Enclosed
  • PorchDeckPatioPatio: Side
  • PorchDeckPatioPorch: Front
  • Building Style: 1 1/2 Story
  • Type of Construction: Stick Built
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Basement: Crawl Space
  • Full Bathrooms: 1.50
  • Updated Floor: Carpet, Laminate, Wood
  • Half Bathrooms: 1
  • Heat Other: oil floor furnace
  • Appliances: As Is, Cook Top, Dryer Hookup, Oven, Refrigerator, Washer Hookup
  • Has Attic: Scuttle
  • Lower Floor 1 Bedrooms: 3
  • Fireplace: 1, Gas
  • Fireplace Location: Living Room
  • Interior Amenities: Ceiling Fan
  • Lower Floor 1 Bedrooms: 7

Exterior Features

  • Exterior: Vinyl, Wood
  • Exterior Features: Ceiling Fan(s), Fireplace, Patio-Concrete, Patio-Side, Paved Driveway, Porch-Enclosed, Porch-Front, Porch-Side, Storage Building, Storm Door-Front, Storm Door-Side, Thermopane Windows, Workshop
  • Flood Zone: 100 Year
  • Road Frontage: State Road
  • Roof: Metal
  • Street: Wide Gap
  • Surface Water: Creek/Stream
  • Tax Rate: 0.715
  • Flood Zone: SW
  • Fencing: Partial, Perimeter
  • Exterior Features: Outdoor Barbeque, Paved Driveway, Storage Shed, Workshop

Garage/Parking

  • Garage Spaces: Carport, Detached

Utilities

  • Cooling: No Cooling System
  • Heating: Forced Air, Oil
  • Sewer: Existing Septic
  • Water: Well
  • Water Heater: Electric

Schools

  • Elementary School: Central
  • Middle School: Maury River
  • High School: Rockbridge Co
  • Elementary School: Central
  • High School: Rockbridge Co
  • Middle School: Maury River

Lot Info

  • Future Land Use: No
  • Lot Dimensions: see plat
  • Zoning: Agricultural
  • Best Use: Investment, Residential
  • Current Use: Residential

Tax Info

  • Tax Map Number: 84-A-64
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2014
Closed on
Apr 30, 2015
Sold by
Parrent Lori R and Bivens Janice R
Bought by
Mckemy Arnold M
Seller's Agent
Lana Nicely
Flint Realty LLC
Buyer's Agent
Janie Harris
James River Realty - Lexington
List Price
$99,900
Sold Price
$87,000
Premium/Discount to List
-$12,900
-12.91%
Current Estimated Value
$223,096

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,096
Avg. Annual Appreciation
10.66%
Original Mortgage
$88,775
Outstanding Balance
$70,131
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$174,172
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
Mckemy Arnold M $87,000 Investors Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckemy Arnold M $88,775
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2015 06/05/15 Sold $87,000 -12.9% $49 / Sq Ft
03/30/2015 03/30/15 Pending -- -- --
07/25/2014 07/25/14 For Sale $99,900 -- $56 / Sq Ft
Source: Rockbridge Highlands 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 $916 $150,100 $31,000 $119,100
2023 $916 $150,100 $31,000 $119,100
2022 $963 $130,200 $31,000 $99,200
2021 $963 $130,200 $31,000 $99,200
2020 $963 $130,200 $31,000 $99,200
2019 $950 $130,200 $31,000 $99,200
2018 $911 $130,200 $31,000 $99,200
2017 $911 $130,200 $31,000 $99,200
2016 $1,019 $138,700 $33,000 $105,700
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2015

    Lana Nicely

    Flint Realty LLC

    (540) 377-6380

    22 in this area

    140 Total Sales

    Section Image
  • Janie Harris

    Buyer's Agent in 2015

    Janie Harris

    James River Realty - Lexington

    (540) 463-2117

    10 in this area

    124 Total Sales

    Section Image
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Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 128598

APN: 84-A-64

Virginia Rockbridge County Lexington 24450 Collierstown

1255 Wide Gap Rd, Lexington, VA

This home is located at 1255 Wide Gap Rd, Lexington, VA 24450 since 25 July 2014 and is currently estimated at $223,096, approximately $124 per square foot. This property was built in 1920. 1255 Wide Gap Rd is a home located in Rockbridge County with nearby schools including Rockbridge County High School.

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