NOT LISTED FOR SALE

140 Horseshoe Hollow Ln Washington, VA 22747

Estimated Value: $752,000 - $1,220,000

3 Beds
3 Baths
3,500 Sq Ft
$291/Sq Ft Est. Value

Last Sold December 11, 2020

Last sale price $840,000 $240 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $5,671/month

105 Days on Market

Highlights

  • Scenic Views
  • Curved or Spiral Staircase
  • Mountainous Lot
  • 50 Acre Lot
  • Craftsman Architecture
  • Private Lot

About This Home

As of December 2020

A HOME WITH A VIEW The King Mountain House provides a bright, light-filled, expansive living space in a private, secluded setting with a view to the rising sun. It is located on Horseshoe Hollow Farm, a 400-acre organic horse farm that dominates the narrows of Horseshoe Hollow named for its horseshoe-shaped landform. The Virginia Outdoors Foundation has protected the farm and the surrounding properties, a total of 2,500 acres, from future development by placing them in Conservation Easement. This comfortable home is designed for privacy and expansive views as it sits atop the knoll of King Mountain (1000' elevation) and looks out towards Massie's Corner and beyond where the stars blanket the night sky over Rappahannock County. King Mountain provides a light-filled open living space in a private, secluded setting. It backs up to The Peak mountain and the Shenandoah National Park. Perfect for entertaining, the open floor plan, with multiple dining and sitting areas both indoors and out, is particularly suited to gatherings. There are 3 levels with bedrooms and baths on each level, large open living/dining spaces, big stone fireplaces on 2 levels, large windows and French doors that open onto a deck and a heavy timber pergola-topped patio with a megalithic stone fire pit and table. The entry level has a wheel chair accessible bedroom and bath and can easily access the living room, dining room, and kitchen. There are solar collecting, multifaceted sunrooms on 2 levels. There is a sauna on the lower level. For several years, the house has been, and continues to be, a profitable Airbnb. If so desired, this business can be transferred to new owners. NOTE: The tax assessment reflects the Conservation Easement status, not the regular tax assessment. There are 2 other parcels of land on the farm surrounding The King Mountain House that are available for purchase. One parcel has 50 acres to the south. The other has 65 acres to the west and adjoins the Shenandoah National Park.

Last Agent to Sell the Property

Charles Kohler

Kohler Realtors, LLC License #0225003228 Listed on: 06/30/2020

Co-Listed By

KAYE Kohler

Kohler Realtors, LLC

Last Buyer's Agent

Charles Kohler

Kohler Realtors, LLC License #0225003228 Listed on: 06/30/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,726

Year Built

  • Built in 1972

Lot Details

  • 50 Acre Lot
  • Stone Retaining Walls
  • Private Lot
  • Secluded Lot
  • Premium Lot
  • Mountainous Lot
  • Wooded Lot
  • Additional land is available including 50 acres adjoining to the south and 65 acres to the west which adjoins the National Park.
  • Property is in very good condition
  • Zoning described as Land and surrounding parcels are all in Conservation Easement. Automatic land use taxation for lower tax assessment.

Parking

  • Driveway

Property Views

  • Scenic Vista
  • Mountain
  • Valley

Home Design

  • Craftsman Architecture
  • Slab Foundation
  • Wood Walls
  • Metal Roof

Interior Spaces

  • Property has 3 Levels
  • Curved or Spiral Staircase
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Stone Fireplace
  • Entrance Foyer
  • Family Room
  • Sitting Room
  • Combination Dining and Living Room
  • Sun or Florida Room
  • Storage Room
  • Utility Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Wine Rack

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • En-Suite Bathroom

Accessible Home Design

  • More Than Two Accessible Exits
  • Entry Slope Less Than 1 Foot

Outdoor Features

  • Stream or River on Lot
  • Balcony
  • Patio
  • Outbuilding

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • 200+ Amp Service
  • Propane
  • Well
  • Electric Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 4
  • Assessor Parcel Number 20- - - -4

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,726

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Craftsman
  • Accessibility Features: 2+ Access Exits, Entry Slope <1'
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1972
  • Automatically Close On Close Date: No
  • Remarks Public: A HOME WITH A VIEW The King Mountain House provides a bright, light-filled, expansive living space in a private, secluded setting with a view to the rising sun. It is located on Horseshoe Hollow Farm, a 400-acre organic horse farm that dominates the narrows of Horseshoe Hollow named for its horseshoe-shaped landform. The Virginia Outdoors Foundation has protected the farm and the surrounding properties, a total of 2,500 acres, from future development by placing them in Conservation Easement. This comfortable home is designed for privacy and expansive views as it sits atop the knoll of King Mountain (1000' elevation) and looks out towards Massie's Corner and beyond where the stars blanket the night sky over Rappahannock County. King Mountain provides a light-filled open living space in a private, secluded setting. It backs up to The Peak mountain and the Shenandoah National Park. Perfect for entertaining, the open floor plan, with multiple dining and sitting areas both indoors and out, is particularly suited to gatherings. There are 3 levels with bedrooms and baths on each level, large open living/dining spaces, big stone fireplaces on 2 levels, large windows and French doors that open onto a deck and a heavy timber pergola-topped patio with a megalithic stone fire pit and table. The entry level has a wheel chair accessible bedroom and bath and can easily access the living room, dining room, and kitchen. There are solar collecting, multifaceted sunrooms on 2 levels. There is a sauna on the lower level. For several years, the house has been, and continues to be, a profitable Airbnb. If so desired, this business can be transferred to new owners. NOTE: The tax assessment reflects the Conservation Easement status, not the regular tax assessment. There are 2 other parcels of land on the farm surrounding The King Mountain House that are available for purchase. One parcel has 50 acres to the south. The other has 65 acres to the west and adjoins the Shenandoah National Park.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Stove, Refrigerator, Dishwasher, Extra Refrigerator/Freezer
  • Flooring Type: Wood, Carpet, Tile/Brick
  • Interior Amenities: Combination Dining/Living, Breakfast Area, Primary Bath(s), Spiral Staircase, Wine Storage, Wood Floors
  • Fireplace Features: Stone, Wood
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall, Wood Walls
  • Foundation Details: Slab
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Sitting Room, Bedroom 2, Bedroom 3, Kitchen, Family Room, Foyer, Sun/Florida Room, Storage Room, Utility Room, Bathroom 1, Primary Bathroom
  • Basement: Yes
  • Basement Type: Full
  • Basement Finished Percent: 85.00
  • Basement Footprint Percent: 100.00
  • Total Sq Ft: 3500
  • Living Area Sq Ft: 3500
  • Price Per Sq Ft: 416.67
  • Above Grade Finished Sq Ft: 2100
  • Below Grade Finished Sq Ft: 1400
  • Total Below Grade Sq Ft: 1400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 140

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Exterior Features: Outbuilding(s), Stone Retaining Walls
  • Roof: Metal
  • View: Scenic Vista, Mountain, Valley
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Propane - Leased
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Utilities: Propane
  • Water Source: Well
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: RAPPAHANNOCK COUNTY PUBLIC SCHOOLS
  • School District Key: 121140061778
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels Description: Additional land is available including 50 acres adjoining to the south and 65 acres to the west which adjoins the National Park.
  • Improvement Assessed Value: 231700.00
  • Land Assessed Value: 141800.00
  • Land Use Code: Conservation Easement
  • Lot Features: Trees/Wooded, Stream/Creek, Secluded, Private, Premium
  • Lot Size Acres: 50.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178000.00
  • Outdoor Living Structures: Patio(s), Balcony
  • Property Condition: Very Good
  • Year Assessed: 2019
  • Zoning: C
  • Zoning Description: Land and surrounding parcels are all in Conservation Easement. Automatic land use taxation for lower tax assessment.
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Lease Considered: No
  • Vacation Rental: Yes
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 16323988
  • Tax Annual Amount: 2726.00
  • Assessor Parcel Number: 20- - - -4
  • Tax Lot: 4
  • Tax Total Finished Sq Ft: 3500
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 12/11/2020

MLS Schools

  • School District Name: RAPPAHANNOCK COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2020
Closed on
Dec 11, 2020
Sold by
Bird Christopher L and Bird Jane Cappello
Bought by
Aluwihare Nadika M and Aluwihare Sarina Ahuja
Seller's Agent
Charles Kohler
Kohler Realtors, LLC
Buyer's Agent
Charles Kohler
Kohler Realtors, LLC
List Price
$925,000
Sold Price
$840,000
Premium/Discount to List
-$85,000
-9.19%
Total Days on Market
105
Current Estimated Value
$1,016,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,909
Avg. Annual Appreciation
4.25%
Original Mortgage
$420,000
Outstanding Balance
$378,821
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$635,758

Purchase Details

Closed on
Jun 7, 2013
Sold by
Bird Christopher L and Bird Stephanie C
Bought by
Bird Christopher L and Cappello Mary Jane
Source: Public Records

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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
Aluwihare Nadika M $840,000 Chicago Title Insurance Co
Bird Christopher L -- None Available
Bird Christopher L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aluwihare Nadika M $224,000
Open Aluwihare Nadika M $420,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2020 12/11/20 Sold $840,000 -4.0% $240 / Sq Ft
10/09/2020 10/09/20 Price Changed $875,000 -5.4% $250 / Sq Ft
07/08/2020 07/08/20 For Sale $925,000 +10.1% $264 / Sq Ft
07/07/2020 07/07/20 Off Market $840,000 -- --
06/30/2020 06/30/20 For Sale $925,000 -- $264 / Sq Ft
Source: Bright MLS

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 $3,291 $539,500 $166,800 $372,700
2023 $3,291 $539,500 $166,800 $372,700
2022 $3,237 $539,500 $166,800 $372,700
2021 $2,727 $373,500 $141,800 $231,700
2020 $2,727 $373,500 $141,800 $231,700
2019 $2,727 $373,500 $141,800 $231,700
2018 $2,615 $373,500 $141,800 $231,700
2017 $2,615 $0 $0 $0
2016 -- $373,500 $0 $0
2015 -- $370,900 $97,700 $273,200
2014 -- $370,900 $97,700 $273,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: VARP107320

Bright MLS

APN: 20-4