NOT LISTED FOR SALE

127 E Preston St Lexington, VA 24450

Estimated Value: $187,000 - $244,000

2 Beds
2 Baths
1,170 Sq Ft
$178/Sq Ft Est. Value

Last Sold December 07, 2021

Last sale price $132,500 $113 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $1,255/month

15 Days on Market

About This Home

As of December 2021

ATTENTION INVESTORS check out this income producing duplex in the heart of Lexington within an easy walk to stores, restaurants, Washington & Lee & VMI. Two one-bedroom units with consistent rental history also have potential for conversion to single-family with a few modifications. Updated baths, plumbing, electrical and metal roof. Ideal in-town home, rental or 2nd home for parents of VMI or W&L students

Last Agent to Sell the Property

Lana Nicely

Flint Realty LLC Listed on: 10/28/2021

Last Buyer's Agent

Karen Tomlin

Forest River Realty

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,221

Year Built

1897

Lot Details

0

Listing Details

  • ConservationEsmnt: No
  • Directions: Downtown Lexington heading north on Main Street - right on Preston property on the 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: Multi-Family
  • Selling Member Short Id: karent
  • Selling Office Short Id: FRR
  • Subdivision Yn: No
  • Year Built: 1897
  • Taxes Dollars: 867.08
  • TotalAcresApx: 0.20
  • Building Style: Duplex
  • ApxTtlSFFnshd: 1170.00
  • Building Stories: 1.5 Story
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Crawl Space
  • Updated Floor: Vinyl, Wood
  • Heat Other: Indiv Nat Gas heater
  • Entry Location: Other
  • Full Bathrooms: 2.00

Exterior Features

  • Exterior: Wood
  • Road Frontage: City Street
  • Roof: Metal
  • Street: Preson
  • Tax Rate: 1.06
  • Flood Zone: SE

Garage/Parking

  • Parking: On Street

Utilities

  • Cooling: Window Unit(s)
  • Heating: Baseboard Electric
  • Sewer: Public Sewer
  • Utilities Available: Cable, Electric, Gas, Public Water
  • Water: Public Water

Schools

  • Elementary School: Waddell
  • Middle School: Lylburn Downing
  • High School: Rockbridge Co
  • Elementary School: Waddell
  • High School: Rockbridge Co
  • Middle School: Lylburn Downing

Lot Info

  • Future Land Use: No
  • Lot Dimensions: appx 35' x 251'
  • Zoning: Residential

Rental Info

  • Average Rental: 1101 - 1200
  • Rental Type: Monthly

Tax Info

  • Tax Map Number: 23-2-B
  • Tax Year: 2021

Multi Family

  • Total Number Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2021
Closed on
Nov 16, 2021
Sold by
Tomblin Katheryn V and Pippin Georgia
Bought by
Burner Junction Properties Llc
Seller's Agent
Lana Nicely
Flint Realty LLC
Buyer's Agent
Karen Tomlin
Forest River Realty
List Price
$137,500
Sold Price
$132,500
Premium/Discount to List
-$5,000
-3.64%
Total Days on Market
15
Current Estimated Value
$208,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,272
Avg. Annual Appreciation
13.68%
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
Burner Junction Properties Llc $132,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tomblin Katheryn $200,000
Closed Tomblin Katheryn $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2021 12/07/21 Sold $132,500 -3.6% $113 / Sq Ft
11/12/2021 11/12/21 Pending -- -- --
10/28/2021 10/28/21 For Sale $137,500 -- $118 / 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 $1,221 $132,709 $35,000 $97,709
2023 $1,221 $132,709 $35,000 $97,709
2022 $1,221 $132,709 $35,000 $97,709
2021 $867 $81,803 $32,500 $49,303
2020 $867 $81,803 $32,500 $49,303
2019 $847 $81,803 $32,500 $49,303
2018 $847 $81,800 $32,500 $49,300
2017 $781 $70,400 $32,500 $37,900
2016 $767 $70,400 $32,500 $37,900
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 2021

    Lana Nicely

    Flint Realty LLC

    (540) 377-6380

    47 in this area

    141 Total Sales

    Section Image

  • K

    Buyer's Agent in 2021

    Karen Tomlin

    Forest River Realty

    (540) 460-2093

    6 in this area

    81 Total Sales

    Section Image
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Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 136512

APN: 23 2 B

Virginia Lexington City County Lexington 24450

127 E Preston St, Lexington, VA

This home is located at 127 E Preston St, Lexington, VA 24450 since 28 October 2021 and is currently estimated at $208,772, approximately $178 per square foot. This property was built in 1897. 127 E Preston St is a home located in Lexington City with nearby schools including Harrington Waddell Elementary School, Lylburn Downing Middle School, and Earthsong Community School.

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