NOT LISTED FOR SALE

150 Melrose St Abingdon, VA 24210

Estimated Value: $257,055 - $298,000

3 Beds
1 Bath
1,459 Sq Ft
$187/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $153,000 $105 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,554/month

87 Days on Market

Highlights

  • 1.67 Acre Lot
  • Mature Trees
  • Central Heating and Cooling System
  • Watauga Elementary School Rated A-
  • Shed

About This Home

As of October 2020

This multi-unit property is ready for it's new owner! This includes a single family home which is 3 bedrooms and 1 bathroom. This also includes 4 spots for mobile homes. These 4 spots are currently rented. The mobile homes DO NOT convey. The home is currently leased for $625/month. Each mobile home pad is currently rented for $150/month. A total of $1,225/month in rental income! Tenants pay all their own utilities and maintain grass mowing.

Last Agent to Sell the Property

Matt Smith

Highlands Realty, Inc. Listed on: 06/19/2020

Last Buyer's Agent

Matt Smith

Highlands Realty, Inc. Listed on: 06/19/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,306

Year Built

  • Built in 1965

Lot Details

  • 1.67 Acre Lot
  • Mature Trees

Home Design

  • Block Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3 Bedrooms
  • 1,459 Sq Ft Home
  • Insulated Windows
  • Laundry on main level
  • Unfinished Basement

Kitchen

  • Oven or Range
  • Dishwasher

Outdoor Features

  • Shed
  • Outbuilding

Schools

  • Abingdon Elementary School
  • E B Stanley Middle School
  • Abingdon High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Separate Meters
  • Natural Gas Connected
  • Electric Water Heater

Community Details

  • 5 Units
  • Gross Income $14,700

Listing and Financial Details

  • Tax Lot 121-132

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,306

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.67
  • Lot Size: Appro x . 1.67 Acres
  • Road Surface Type: Paved
  • Directions: On I-81 S, take Exit 19. Turn right onto E. Main Street. Turn right onto Hillman Highway. Turn right onto Melrose Street. Property is on the left. See sign.
  • Above Grade Finished Sq Ft: 1459
  • Structure Type: Other-See Remarks
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator, Electric Water Heater
  • Has Basement: Unfinished
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Living Area: 1459
  • Window Features: Insulated Windows

Exterior Features

  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Property Disclosure
  • Construction Type: Vinyl Siding, Dry Wall
  • Exterior Features: Mature Trees
  • Foundation Details: Block
  • Other Structures: Outbuilding, Shed(s)
  • Roof: Shingle

Utilities

  • Laundry Features: Main Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Heat Pump
  • Heating Yn: Yes
  • Electric: Separate Meters
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected
  • Water Source: Public

Schools

  • Elementary School: Abingdon
  • High School: Abingdon
  • Middle Or Junior School: E B Stanley

Lot Info

  • Lot Size Sq Ft: 72745.2
  • Zoning: R4
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 14700
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1305.85
  • Tax Lot: 121-132
  • Tax Map Number: 106A2-1-121
  • Tax Year: 2019

Range of Values:

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Average Value
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List Price
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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
10/15/2020 10/15/20 Sold $153,000 -7.3% $105 / Sq Ft
09/15/2020 09/15/20 Pending -- -- --
06/19/2020 06/19/20 For Sale $165,000 -- $113 / Sq Ft
Source: Southwest Virginia 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 $965 $228,000 $56,000 $172,000
2024 $965 $160,900 $54,000 $106,900
2023 $965 $160,900 $54,000 $106,900
2022 $965 $160,900 $54,000 $106,900
2021 $965 $160,900 $54,000 $106,900
2019 $904 $143,500 $54,000 $89,500
2018 $904 $143,500 $54,000 $89,500
2017 $904 $143,500 $54,000 $89,500
2016 $415 $131,800 $49,000 $82,800
2015 $415 $131,800 $49,000 $82,800
2014 $415 $131,800 $49,000 $82,800
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Matt Smith

    Highlands Realty, Inc.

  • H

    Buyer Co-Listing Agent in 2020

    Heather Fields

    Highlands Realty, Inc.

See All Agents

Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 74493

APN: 106A2-1-121

Virginia Washington County Abingdon 24210

150 Melrose St, Abingdon, VA

This home is located at 150 Melrose St, Abingdon, VA 24210 since 19 June 2020 and is currently estimated at $272,764, approximately $186 per square foot. This property was built in 1965. 150 Melrose St is a home located in Washington County with nearby schools including Watauga Elementary School, E.B. Stanley Middle School, and Abingdon High School.

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