NOT LISTED FOR SALE

1450 Runnett Bag Rd Ferrum, VA 24088

Estimated Value: $137,000 - $217,830

26 Acres
$6,781 Price per Acre
1,143,014 Sq Ft Lot

Last Sold June 10, 2022

Last sale price $64,000 $55 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $1,018/month

7 Days on Market

Highlights

  • 500 Feet of Waterfront
  • Stream or River on Lot
  • No HOA
  • 26.24 Acre Lot
  • Wooded Lot

About This Lot

As of June 2022

Great Hunting and Fishing on approx. 26.24 acres of mostly wooded land with a large stream on the property with working well. Additional building site on upper part of property. Note: part of land is on opposite side of road with creek frontage. Nice, like new storage shed conveys. Home is in dis-repair due to water damage. Must sign a ''Hold Harmless'' form to enter. Taxes and Waterfrontage are estimated. Septic unknown. No warranties. Buyers agent to verify all information. Land currently under ''Land Use'' program. Structure sold strictly ''As-Is''

Last Agent to Sell the Property

Jeanette Handy

FRONT PORCH REALTY License #0225224516 Listed on: 05/17/2022

Co-Listed By

Julia Keep

FRONT PORCH REALTY License #0225226385

Last Buyer's Agent

Brenda Bratt

WAINWRIGHT & CO., REALTORS(r)- LAKE License #0225200886

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $500

Lot Details

  • 26.24 Acre Lot
  • 500 Feet of Waterfront
  • Wooded Lot

Schools

  • Ferrum Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Mobile Home

  • Mobile Home Allowed

Community Details

Overview

  • No Home Owners Association

Recreation

  • Water Access
  • Stream or River on Lot

Property Details

Property Type

Land

Est. Annual Taxes

$500

Lot Details

0

Listing Details

  • Type: Land
  • CondoAssocYN: No
  • ElectricDescription: Above Ground
  • Land Sub Type: Developed
  • LengthOfWaterfront: 500.00
  • Major Area: 04 - Franklin County
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2022-05-24
  • Water Access Only A Access On Off Site: Access - On Site
  • Water Class: Waterfront Property
  • WaterID: River or Other
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Sewer Description: Private Septic
  • Water Description: Private Well

Association/Amenities

  • Misc Features: Stream

Schools

  • Elementary School: Ferrum
  • Middle School: Ben Franklin Middle
  • High School: Franklin County

Lot Info

  • Property Group Id: 19990816212131825981000000
  • Land Description: Varied
  • Total Acreage: 26.24
  • Land Type: Land (Acreage)

Tax Info

  • Taxes (6 mo): 500.00
  • FILLTAXID: 0950006100

MLS Schools

  • Elementary School: Ferrum
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2022
Closed on
Jun 10, 2022
Sold by
Michael Pinto Joseph
Bought by
Mcnamara So H and Jeon Seung W
Seller's Agent
Jeanette Handy
FRONT PORCH REALTY
Buyer's Agent
Brenda Bratt
WAINWRIGHT & CO., REALTORS(r)- LAKE
List Price
$79,000
Sold Price
$64,000
Premium/Discount to List
-$15,000
-18.99%
Current Estimated Value
$177,943

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,943
Avg. Annual Appreciation
33.42%

Purchase Details

Closed on
Oct 3, 2016
Sold by
Pinto Joseph Michael and Pinto Anthony John
Bought by
Pinto Joseph Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
3.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 17, 2014
Sold by
Barker Scott V
Bought by
Glingenpeel Danny L and Glingenpeel Mary L

Purchase Details

Closed on
Apr 26, 2011
Sold by
Brank Banking And Trust Co
Bought by
Barker Scott

Purchase Details

Closed on
Jan 19, 2011
Sold by
Minter Lewis E and Minter Esther S
Bought by
Branch Banking And Trust Co

Purchase Details

Closed on
Oct 6, 2006
Sold by
Minter Lewis E
Bought by
Minter Lewis E and Minter Esther S
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
Mcnamara So H $64,000 Horstkamp Tracy Bryan
Pinto Joseph Michael $20,000 None Available
Glingenpeel Danny L $37,000 None Available
Barker Scott $31,000 --
Branch Banking And Trust Co $127,412 --
Minter Lewis E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pinto Joseph Michael $65,000
Previous Owner Minter Lewis E $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2022 06/10/22 Sold $64,000 -19.0% $55 / Sq Ft
05/24/2022 05/24/22 Pending -- -- --
05/17/2022 05/17/22 For Sale $79,000 -- $68 / Sq Ft
Source: Roanoke 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
2024 $588 $136,700 $58,100 $78,600
2023 $392 $86,000 $51,100 $34,900
2022 $392 $86,000 $51,100 $34,900
2021 $392 $86,000 $51,100 $34,900
2020 $392 $86,000 $51,100 $34,900
2019 $357 $80,300 $49,700 $30,600
2018 $357 $80,300 $49,700 $30,600
2017 $322 $85,900 $47,900 $38,000
2016 $322 $85,900 $47,900 $38,000
2015 $464 $85,900 $47,900 $38,000
2014 $464 $85,900 $47,900 $38,000
2013 $464 $85,900 $47,900 $38,000
Source: Public Records

Agents Affiliated with this Home

  • Jeanette Handy

    Seller's Agent in 2022

    Jeanette Handy

    FRONT PORCH REALTY

    (540) 493-4914

    128 Total Sales

    Section Image
  • Julia Keep

    Seller Co-Listing Agent in 2022

    Julia Keep

    FRONT PORCH REALTY

    (208) 989-8356

    136 Total Sales

    Section Image
  • Brenda Bratt

    Buyer's Agent in 2022

    Brenda Bratt

    WAINWRIGHT & CO., REALTORS(r)- LAKE

    (540) 493-9544

    292 Total Sales

    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 889579

Roanoke Valley Association of REALTORS®

APN: 0950006100

Virginia Franklin County Ferrum 24088

1450 Runnett Bag Rd, Ferrum, VA

This home is located at 1450 Runnett Bag Rd, Ferrum, VA 24088 since 17 May 2022 and is currently estimated at $177,943, approximately $153 per square foot. 1450 Runnett Bag Rd is a home located in Franklin County with nearby schools including Ferrum Elementary School, Benjamin Franklin Middle School, and Franklin County 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.

Roanoke 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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