NOT LISTED FOR SALE

1263 Colby Dr Forest, VA 24551

Estimated Value: $703,000 - $766,000

4 Beds
4.5 Baths
4,627 Sq Ft
$157/Sq Ft Est. Value

Last Sold November 20, 2014

Last sale price $377,500 $82 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $4,189/month

120 Days on Market

Highlights

  • Community Lake
  • Property is near a clubhouse
  • Wood Flooring
  • Forest Middle School Rated A-
  • Living Room with Fireplace
  • Main Floor Bedroom

About This Home

As of November 2014

A beautiful & spacious home, with everything you could want and more! Enjoy the main level entertaining areas, including formal dining, open kitchen/breakfast area and family room - with access to both the patio and awesome screened in porch. Also on the main level, two car garage, huge laundry room AND the master suite! Truly livable for those looking to stay on one level. The master suite offers very large walk in closet and master bath. Upstairs there are three additional bedrooms - one of which has a bonus area AND private bath - a third hall bath and a great family room/bonus room for the kids and their friends to enjoy... the second floor is practically its own home! However, the real surprise is the finished terrace level. Offering a fantastic family room with two-sided fireplace, full wet bar and 4th full bath! Two unfinished areas offer space for storage or future expansion (possible terrace level bedrooms/apartment). All on a one acre lot in Somerset Meadows - truly

Last Agent to Sell the Property

Dan Vollmer

Dwell License #0225100219 Listed on: 07/23/2014

Last Buyer's Agent

Sue Harvey

Montague Miller And Co.-Amher License #0225077453

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,000

Year Built

  • Built in 2001

Lot Details

  • 1.03 Acre Lot
  • Landscaped
  • Property is zoned R1

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Shingle Roof

Interior Spaces

  • 4,627 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Ceiling Fan
  • Multiple Fireplaces
  • Gas Log Fireplace
  • Great Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Den with Fireplace
  • Screened Porch

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Bathtub Includes Tile Surround
  • Garden Bath

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer and Dryer Hookup

Attic

  • Attic Floors
  • Storage In Attic
  • Attic Access Panel
  • Pull Down Stairs to Attic

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Fireplace in Basement

Home Security

  • Home Security System
  • Fire and Smoke Detector

Location

  • Property is near a clubhouse
  • Property is near a golf course

Schools

  • New London Academy Elementary School
  • Forest Midl Middle School
  • Jefferson Forest-Hs High School

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 30000375

Community Details

Overview

  • Association fees include neighborhood lights, playground, tennis
  • Somerset Meadows Subdivision
  • Community Lake

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,000

Year Built

Built in 2001

Lot Details

0

HOA Fees

$17 per month

Listing Details

  • FILLACRES: 1.0300
  • Directions: Take Route 811 south from 460, past London Downs Golf Course, turn right into Somerset meadows. Follow to right on Colby Drive. Home will be on your right.
  • Lot Measurement: Acres
  • Lot Sq Ft: 44867.00
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 30000375
  • Year Built: 2001
  • FullBathBelowGrade: 1
  • Heating System: Heat Pump, Two-Zone
  • Building Stories: Two
  • Dwelling Styles: Two Story
  • Laundryroom Dim: 11.000 x 7.000
  • Laundryroom Len: 11.000
  • Living Room Dim: 18.000 x 15.000
  • Livingroom Len: 18.000
  • Livingroom Wid: 15.000
  • Masterbedroom Area: 225.000000
  • Master Bedroom Dim: 15.000 x 15.000
  • Masterbedroom Len: 15.000
  • Masterbedroom Wid: 15.000
  • Office Dim: 15.000 x 13.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 5.00
  • Bathrooms Display: 5 (4 1)
  • Lower Floor 1 Bedrooms: 4
  • Broker Approved: Yes
  • High School2: Jefferson Forest-HS
  • Legal Description: Somerset Meadows lot 27 Sec 3
  • Middle School2: Forest Midl
  • Reciprocal Listing: No
  • Second Bedroom: 15x13 Level: Level 2 Above Grade
  • Second Bedroom Area: 195.000000
  • Third Bedroom: 15x11 Level: Level 2 Above Grade
  • Third Bedroom Area: 165.000000
  • Fourth Bedroom: 14x11 Level: Level 2 Above Grade
  • Fourth Bedroom Area: 154.000000
  • Above Grade Finished Sq Ft: 3556.00
  • ApplianceConvey: Dishwasher, Range-Elec, Refrigerator
  • Has Attic: Access, Floored, Pull Down, Storage Only
  • Has Basement: Exterior Entrance, Finished, Fireplace, Full, Heated, Interior Entrance, Walkout
  • Breakfast Area: 11x10 Level: Level 1 Above Grade
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Year Built Exception: 0
  • Fireplace: 2 Fireplaces, Den, Gas Log, Living Room
  • Formal Dining: 14x11 Level: Level 1 Above Grade
  • Level 1 Full Bathrooms: 1
  • Level 2 Full Bathrooms: 2
  • Great Room: 44x15 Level: Below Grade
  • First Level Half Bathrooms: 1
  • Interior Amenities: Cable Available, Ceiling Fan(s), Tile Bath(s), Drywall, Garden Tub, Great Room, Main Level Bedroom, Master Bed w/ Bath, Pantry, Security System, Separate Dining Room, Smoke Alarm, Walk-In Closet(s), Wet Bar
  • Dining Kitchen: 11.50x0 Level: Level 1 Above Grade
  • Laundry: Dryer Connection, Laundry Room, Main Level, Washer Connections
  • Laundry Room: 11x7 Level: Level 1 Above Grade
  • Living Room: 18x15 Level: Level 1 Above Grade
  • Master Bedroom: 15x15 Level: Level 1 Above Grade
  • Office: 15x13 Level: Level 2 Above Grade
  • Rec Room: 18x18 Level: Level 2 Above Grade
  • Screened Porch: 11x0 Level:
  • GreatRoom Area: 660.000000
  • Livinggreat Room Dim: 44.000 x 15.000
  • Laundry Room Area: 77.000000
  • LivingRoom Area: 270.000000
  • Office Area: 195.000000
  • Est Other Room1 Dim: 0.000 x 0.000
  • Est Other Room2 Dim: 0.000 x 0.000
  • Est Other Room3 Dim: 0.000 x 0.000
  • Rec Room Area: 324.000000
  • Rec Room Dim: 18.000 x 18.000
  • Sunroom Dim: 0.000 x 0.000

Exterior Features

  • Lot Number: 27
  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Paved Drive, Landscaped, Screened Porch, Insulated Glass, Tennis Courts Nearby, Undergrnd Utilities, Lake Nearby, Club House Nearby, Golf Nearby

Garage/Parking

  • Attached Garage: 2 Car
  • Garage Area: 528.000000
  • Garage Dim: 24.000 x 22.000
  • GarageLen: 24.000
  • GarageWid: 22.000

Utilities

  • Air Conditioner: Heat Pump, Two-Zone
  • Sewer: Septic Tank
  • Hot Water: County
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Fee Frequency: Yearly
  • HOA Includes: Neighborhood Lights, Playground, Tennis
  • HOA: Lynchburg Board of Realtors
  • Association Fee: 200.00
  • Subdivision Complex: Somerset Meadows

Schools

  • School District: Bedford
  • Elementary School #2: New London Academy
  • School District: Bedford

Lot Info

  • Lot Sq Ft: 4627.00
  • Zoning: R1

Tax Info

  • Estimated Taxes: 2000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2014
Closed on
Nov 17, 2014
Sold by
Chenault Kevin E and Chenault Melanie H
Bought by
Smith Matthew L and Smith Shannon M
Seller's Agent
Dan Vollmer
Dwell
Buyer's Agent
Sue Harvey
Montague Miller And Co.-Amher
List Price
$399,900
Sold Price
$377,500
Premium/Discount to List
-$22,400
-5.6%
Current Estimated Value
$726,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$348,510
Avg. Annual Appreciation
6.26%
Original Mortgage
$358,625
Interest Rate
4.13%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Smith Matthew L $377,500 Old Republic
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Matthew L $75,000
Open Smith Matthew L $324,482
Closed Smith Matthew L $358,625
Previous Owner Chenault Kevin E $210,000
Previous Owner Chenauit Kevin E $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2014 11/20/14 Sold $377,500 -5.6% $82 / Sq Ft
11/20/2014 11/20/14 Pending -- -- --
07/23/2014 07/23/14 For Sale $399,900 -- $86 / 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 $2,587 $631,000 $70,000 $561,000
2024 $2,587 $631,000 $70,000 $561,000
2023 $2,587 $315,500 $0 $0
2022 $2,392 $239,150 $0 $0
2021 $2,142 $428,300 $60,000 $368,300
2020 $2,142 $428,300 $60,000 $368,300
2019 $2,142 $428,300 $60,000 $368,300
2018 $2,040 $392,400 $55,000 $337,400
2017 $2,040 $392,400 $55,000 $337,400
2016 $2,040 $392,400 $55,000 $337,400
2015 $2,040 $392,400 $55,000 $337,400
2014 $2,081 $400,200 $55,000 $345,200
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    Dan Vollmer

    Dwell

    Section Image

  • S

    Buyer's Agent in 2014

    Sue Harvey

    Montague Miller And Co.-Amher

    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 286625

APN: 153-15-27

Virginia Bedford County Forest 24551

1263 Colby Dr, Forest, VA

This home is located at 1263 Colby Dr, Forest, VA 24551 since 23 July 2014 and is currently estimated at $726,010, approximately $156 per square foot. This property was built in 2001. 1263 Colby Dr is a home located in Bedford County with nearby schools including New London Academy Elementary, Forest Middle School, and Jefferson Forest High School.

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