NOT LISTED FOR SALE

1311 Giles Rd Blacksburg, VA 24060

Main-Patrick Henry Neighborhood

Estimated Value: $2,273,704

-- Bed
-- Bath
14,900 Sq Ft
$153/Sq Ft Est. Value

Last Sold December 09, 2022

Last sale price $1,950,000 $131 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $12,583/month

170 Days on Market

About This Home

As of December 2022

Great Blacksburg opportunity! Thirteen 2-Bedroom duplex apartments, Four 1-Bedroom apartments, Three Warehouses, One office. Excellent Blacksburg location on bus route. Office and warehouse space in front building have untapped rental income potential. See documents under "D" icon for additional information on the complex and apartments.

Last Agent to Sell the Property

Mike Eggleston

Coldwell Banker Townside Bburg License #225002279 Listed on: 05/02/2022

Coldwell Banker Townside Bburg

Co-Listed By

William Aden

Coldwell Banker Townside Bburg License #0225220954

Last Buyer's Agent

James Parker

Coldwell Banker Townside Bburg License #0225236573

Coldwell Banker Townside Bburg

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $295

Lot Details

  • 0.68

Home Design

  • 14,900 Sq Ft Home

Community Details

  • No Home Owners Association
  • 17 Units

Listing and Financial Details

  • Assessor Parcel Number 005852,005838,021828,023646

Property Details

Home Type

Apartment

Est. Annual Taxes

$295

Lot Details

0

Listing Details

  • Class: Multifamily
  • County Or City: Montgomery
  • Deed Bk Pg Instrumnt: 2008/ 004747
  • Is The Power On: Yes
  • Is The Water On: Yes
  • Legal Description: ROBINSON LAND PT LOT
  • Lvt Date: 05/02/2022
  • Miscellaneous: 1 Bedroom Units, 2 Bedroom Units
  • Parcel Nbr: 005852,005838,021828,023646
  • Property Sub Type: Apartment Building
  • Style Structure Home: Townhouse
  • Estimated Finished Sq Ft: 14900
  • Special Features: None

Utilities

  • Sewer: Public System
  • Water: Public Water

Condo/Co-op/Association

  • HOA: None

Schools

  • School District: Montgomery County
  • Elementary School: Harding Av
  • Middle School: Blacksburg
  • High School: Blacksburg

Lot Info

  • Zoning: Residential 5

Multi Family

  • Units: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2022
Closed on
Dec 8, 2022
Sold by
Echols Dale J
Bought by
Oriental Real Estate Llc
Seller's Agent
Mike Eggleston
Coldwell Banker Townside Bburg
Buyer's Agent
James Parker
Coldwell Banker Townside Bburg
List Price
$2,290,000
Sold Price
$1,950,000
Premium/Discount to List
-$340,000
-14.85%
Views
19
Current Estimated Value
$2,273,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$323,704
Avg. Annual Appreciation
5.97%
Original Mortgage
$1,500,000
Outstanding Balance
$1,099,188
Interest Rate
7.08%
Mortgage Type
Seller Take Back
Estimated Equity
$1,174,516

Purchase Details

Closed on
May 1, 2008
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Oriental Real Estate Llc $1,950,000 Investors Title Insurance
-- $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oriental Real Estate Llc $1,500,000
Closed Oriental Real Estate Llc $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2022 12/09/22 Sold $1,950,000 -14.8% $131 / Sq Ft
10/19/2022 10/19/22 Pending -- -- --
09/26/2022 09/26/22 For Sale $2,290,000 0.0% $154 / Sq Ft
07/29/2022 07/29/22 Pending -- -- --
06/03/2022 06/03/22 For Sale $2,290,000 0.0% $154 / Sq Ft
05/05/2022 05/05/22 Pending -- -- --
05/02/2022 05/02/22 For Sale $2,290,000 -- $154 / Sq Ft
Source: New River 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
2025 $295 $388,000 $187,300 $200,700
2024 $2,910 $388,000 $187,300 $200,700
2023 $2,716 $388,000 $187,300 $200,700
2022 $1,625 $182,600 $89,000 $93,600
2021 $1,625 $182,600 $89,000 $93,600
2020 $1,625 $182,600 $89,000 $93,600
2019 $1,625 $182,600 $89,000 $93,600
2018 $1,679 $188,700 $89,000 $99,700
2017 $1,679 $188,700 $89,000 $99,700
2016 $1,679 $188,700 $89,000 $99,700
2015 $1,679 $188,700 $89,000 $99,700
2014 $1,824 $204,900 $89,000 $115,900
Source: Public Records

Agents Affiliated with this Home

  • Mike Eggleston

    Seller's Agent in 2022

    Mike Eggleston

    Coldwell Banker Townside Bburg

    (540) 552-6500

    1 in this area

    175 Total Sales

    Section Image
  • William Aden

    Seller Co-Listing Agent in 2022

    William Aden

    Coldwell Banker Townside Bburg

    (540) 230-9592

    1 in this area

    15 Total Sales

    Section Image

  • J

    Buyer's Agent in 2022

    James Parker

    Coldwell Banker Townside Bburg

    (540) 392-2734

    1 in this area

    70 Total Sales

    Section Image
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Map

Source: New River Valley Association of REALTORS®

MLS Number: 415039

New River Valley Association of REALTORS®

APN: 005852

Virginia Montgomery County Blacksburg 24060 Main-Patrick Henry

1311 Giles Rd, Blacksburg, VA

This home is located at 1311 Giles Rd, Blacksburg, VA 24060 since 02 May 2022 and is currently estimated at $2,273,704, approximately $152 per square foot. 1311 Giles Rd is a home located in Montgomery County with nearby schools including Harding Avenue Elementary School, Blacksburg Middle School, and Blacksburg 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.

New River 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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