NOT LISTED FOR SALE

1481 Timber Ridge Rd Fairfield, VA 24435

Estimated Value: $306,000 - $394,000

3 Beds
2 Baths
1,353 Sq Ft
$259/Sq Ft Est. Value

Last Sold September 27, 2023

Last sale price $310,000 $229 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,949/month

37 Days on Market

Highlights

  • 2.98 Acre Lot
  • Ranch Style House
  • Separate Outdoor Workshop
  • Mountain View
  • No HOA
  • Front Porch

About This Home

As of September 2023

AMAZING VIEWS OF THE BLUE RIDGE MOUNTAINS from this 3 bedroom 2 bath rancher situated on almost 3 acres.

Last Agent to Sell the Property

Connie Clark

City & County Real Estate Listed on: 06/26/2023

Co-Listed By

Chy Clark

City & County Real Estate

Last Buyer's Agent

Non Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,497

Year Built

  • Built in 1965

Lot Details

  • 2.98 Acre Lot
  • Property is zoned Agricultural

Parking

  • No Garage

Home Design

  • Ranch Style House
  • Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,353 Sq Ft Home
  • Ceiling Fan
  • Mountain Views
  • Basement Cellar
  • Pull Down Stairs to Attic
  • Electric Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Separate Outdoor Workshop
  • Outdoor Storage
  • Storage Shed
  • Front Porch

Schools

  • Fairfield Elementary School
  • Maury River Middle School
  • Rockbridge Co High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Well
  • Electric Water Heater
  • Septic System

Additional Features

  • Handicap Accessible
  • Flood Zone Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 64 1 5

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,497

Year Built

Built in 1965

Lot Details

0

Listing Details

  • ConservationEsmnt: No
  • Directions: Rt. 11 north to right on Timber Ridge Road - house will be on left with sign in yard.
  • HistoricProperty: No
  • Listing Member Name: Connie Clark
  • Listing Office Short Id: CCRE
  • Open House Office I D: 20150612145057194287000000
  • Hoa2 Or Poa: No
  • Prop. Type: Residential/Farm
  • Selling Member Short Id: non-member
  • Subdivision Yn: No
  • TotalFinSFApx: 1353.00
  • Year Built: 1965
  • Taxes Dollars: 1497.00
  • TotalAcresApx: 2.98
  • 1StFloorMstrBdrm: Yes
  • PorchDeckPatioPorch: Front
  • StyleRanch: YES
  • Type of Construction: Stick Built
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Basement: Cellar
  • Full Bathrooms: 2.00
  • Updated Floor: Carpet, Vinyl
  • Appliances: As Is, Electric Range, Refrigerator
  • Has Attic: Drop Stair
  • Lower Floor 1 Bedrooms: 3
  • Fireplace: None
  • Interior Amenities: Handicap Accessible
  • Lower Floor 1 Bedrooms: 7

Exterior Features

  • Exterior: Vinyl
  • Exterior Features: Ceiling Fan(s), Porch-Front, Storage Building, View - Mountains
  • Roof: Shingle
  • Street: Timber Ridge
  • Tax Rate: .74
  • Flood Zone: NE
  • Topography: Views
  • Exterior Features: Handicap Accessible, Porch, Storage Shed, Workshop

Garage/Parking

  • Garage Spaces: None

Utilities

  • Cooling: Central Cooling
  • Heating: Forced Air, Oil
  • Sewer: Existing Septic
  • Water: Well
  • Water Heater: Electric

Schools

  • Elementary School: Fairfield
  • High School: Rockbridge Co
  • Middle School: Maury River

Lot Info

  • Zoning: Agricultural
  • Best Use: Residential
  • Current Use: Residential

Tax Info

  • Tax Map Number: 64 1 5
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2023
Closed on
Sep 13, 2023
Sold by
Lilly Clinton R
Bought by
Smith Russell B and Long Kristen N
Seller's Agent
Connie Clark
City & County Real Estate
Buyer's Agent
Non Member
List Price
$349,000
Sold Price
$310,000
Premium/Discount to List
-$39,000
-11.17%
Current Estimated Value
$350,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,070
Avg. Annual Appreciation
5.82%
Original Mortgage
$160,000
Outstanding Balance
$156,688
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$193,382
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
Smith Russell B $310,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Russell B $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2023 09/27/23 Sold $310,000 -11.2% $229 / Sq Ft
08/02/2023 08/02/23 Pending -- -- --
06/26/2023 06/26/23 For Sale $349,000 -- $258 / 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
2025 $1,234 $202,300 $84,900 $117,400
2024 $1,234 $202,300 $84,900 $117,400
2023 $1,234 $202,300 $84,900 $117,400
2022 $1,114 $150,500 $59,900 $90,600
2021 $1,114 $150,500 $59,900 $90,600
2020 $1,114 $150,500 $59,900 $90,600
2019 $1,099 $150,500 $59,900 $90,600
2018 $1,054 $150,500 $59,900 $90,600
2017 $1,054 $150,500 $59,900 $90,600
2016 $1,055 $143,600 $54,900 $88,700
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 137829

APN: 64-1-5