NOT LISTED FOR SALE

138 Tyree Cir Madison Heights, VA 24572

Madison Heights Neighborhood

Estimated Value: $255,000 - $364,000

4 Beds
3 Baths
2,024 Sq Ft
$158/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $299,900 $148 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,785/month

21 Days on Market

About This Home

As of June 2022

Looking for that perfect investment property with tons of potential, well here it is. All brick triplex, in Madison Heights ready for a new owner. Each unit is about 700 square feet with two bedrooms, one bath and their own parking spaces. Each unit has its own laundry hookup and enclosed storage space for extra items. Two of the tenants are long term, 12+ and 5+ years, the basement unit is in the process of clearing out. This triplex has the potential for $750/unit. This property is perfect for an investor or an owner occupant looking to have his mortgage covered. Call us today to see how this could be yours!

Last Agent to Sell the Property

William Matthew Barrett IV

Elite Realty License #0225215469 Listed on: 04/29/2022

Last Buyer's Agent

Phyllis Brown

Four Rivers Realty Group, Inc. License #0225128309

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $821

Year Built

  • Built in 1969

Lot Details

  • 0.61 Acre Lot

Home Design

  • 2,024 Sq Ft Home

Flooring

  • Wood
  • Carpet

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Schools

  • Madison Heights Elementary School
  • Monelison Midl Middle School
  • Amherst High School

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 156C-A-17

Community Details

Overview

  • 3 Units

Building Details

  • 1 Separate Water Meter
  • Insurance Expense $700
  • Water Sewer Expense $30
  • New Taxes Expense $821
  • Gross Income $13,260
  • Net Operating Income $11,739

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$821

Year Built

Built in 1969

Lot Details

0

Listing Details

  • FILLACRES: 0.6100
  • Directions: Take Wright Shop rd. to Old Wright shop Rd. to Tyree Cir and home will be on the right.
  • Internet Providers: Comcast/Xfinity
  • Lot Measurement: Acres
  • Lot Sq Ft: 26572.00
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 156C-A-17
  • Year Built: 1969
  • Heating System: Heat Pump
  • Unit Info Number Unfurnished Units: 3
  • Taxes Expense: 821.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: ON TYREE CIRCLE
  • Reciprocal Listing: No
  • Flooring: Carpet, Wood Floors
  • Year Built Exception: 0

Garage/Parking

  • Parking: 2 Spaces/Unit, Off Street Parking, Paved Drive

Utilities

  • Utility Electric: American Electric
  • Cooling: Heat Pump
  • Sewer: Septic Tank
  • Hot Water: County
  • Water Heater: Electric
  • Number Of Water Meters: 1

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Fee Information

  • Insurance Expenses: 700.00

Schools

  • School District: Amherst
  • Elementary School: Madison Heights Elem
  • High School: Amherst High
  • Middle School: Monelison Midl
  • School District: Amherst

Lot Info

  • Lot Sq Ft: 2024.00

Rental Info

  • Types Of Leases: Month to Month

Tax Info

  • Estimated Taxes: 821

Multi Family

  • Annual Gross Income: 13260.00
  • Net Operating Income: 11739.00
  • Total Number Units: 3
  • Water Expense: 30.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2022 06/30/22 Sold $299,900 0.0% $148 / Sq Ft
05/20/2022 05/20/22 Pending -- -- --
04/29/2022 04/29/22 For Sale $299,900 -- $148 / 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 $1,030 $168,800 $17,500 $151,300
2024 $1,030 $168,800 $17,500 $151,300
2023 $1,030 $134,600 $17,500 $117,100
2022 $821 $134,600 $17,500 $117,100
2021 $821 $134,600 $17,500 $117,100
2020 $821 $134,600 $17,500 $117,100
2019 $845 $138,600 $23,500 $115,100
2018 $845 $138,600 $23,500 $115,100
2017 $845 $138,600 $23,500 $115,100
2016 $845 $138,600 $23,500 $115,100
2015 $776 $138,600 $23,500 $115,100
2014 $776 $138,600 $23,500 $115,100
Source: Public Records

Agents Affiliated with this Home

  • P

    Buyer's Agent in 2022

    Phyllis Brown

    Four Rivers Realty Group, Inc.

    (434) 942-9543

    5 in this area

    26 Total Sales

    Phyllis Brown
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 337920

APN: 156C-A-17

Virginia Amherst County Madison Heights 24572 Madison Heights

138 Tyree Cir, Madison Heights, VA

This home is located at 138 Tyree Cir, Madison Heights, VA 24572 since 29 April 2022 and is currently estimated at $318,896, approximately $157 per square foot. This property was built in 1969. 138 Tyree Cir is a home located in Amherst County with nearby schools including Madison Heights Elementary School, Monelison Middle School, and Amherst County High School.

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