1502 Colby Dr Forest, VA 24551
Estimated Value: $666,764 - $715,000
4
Beds
3.5
Baths
3,950
Sq Ft
$174/Sq Ft
Est. Value
Highlights
- Tennis Courts
- Wood Flooring
- Home Office
- Forest Middle School Rated A-
- Great Room
- 1-minute walk to The Flag Pole
About This Home
As of May 2012Priced $70,000 below tax assessment! Brick two Story home on large 1.26 level lot in Somerset Meadows. Great rocking chair front porch, open foyer, open great room and kitchen, holding room off of kitchen, main floor laundry, upstairs there is a crosswalk open to foyer and great room, hardwood floors in master, 3 hardwood floors throughout, large deck, gas logs in great room and family room, corian counter tops, stainless steel appliances, basement has family room a office finished room could be used as kitchen and a full bath along with 430 unfinished sqft that could be finished for bedroom/office. This home has lots of upgrades and large lot with mature landscaping.
Last Agent to Sell the Property
The Hopkins Real Estate Group License #0225256513 Listed on: 02/27/2012
Co-Listed By
Johnathan Raper
Keller Williams License #0225199167
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,100
Year Built
- Built in 2004
Lot Details
- 1.26 Acre Lot
- Landscaped
HOA Fees
- $17 Monthly HOA Fees
Home Design
- Shingle Roof
Interior Spaces
- 3,950 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Gas Log Fireplace
- Great Room
- Formal Dining Room
- Home Office
- Attic Access Panel
- Laundry on main level
Kitchen
- Electric Range
- Dishwasher
Flooring
- Wood
- Carpet
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
Basement
- Heated Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- 2 Car Attached Garage
- Oversized Parking
- Garage Door Opener
Schools
- New London Academy Elementary School
- Forest Midl Middle School
- Jefferson Forest-Hs High School
Utilities
- Zoned Heating and Cooling
- Electric Water Heater
- Septic Tank
Additional Features
- Tennis Courts
- Property is near a golf course
Community Details
- Association fees include neighborhood lights, playground, tennis
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 27, 2012
Closed on
May 7, 2012
Sold by
Yancey Jay T and Yancey Melinda O
Bought by
Shelton Matthew B and Shelton Elizabeth Rice
Seller's Agent
Wanda Robertson
The Hopkins Real Estate Group
Buyer's Agent
Bruce Rhodes
John Stewart Walker, Inc
List Price
$359,000
Sold Price
$345,000
Premium/Discount to List
-$14,000
-3.9%
Total Days on Market
77
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$342,691
Avg. Annual Appreciation
5.39%
Original Mortgage
$266,000
Outstanding Balance
$181,925
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$503,448
Similar Homes in Forest, VA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Shelton Matthew B | $345,000 | Old Republic National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Shelton Matthew B | $266,000 | |
| Previous Owner | Yancey Jay T | $60,000 | |
| Previous Owner | Yancey Jay T | $236,120 | |
| Previous Owner | Rayburn Tanya L | $335,000 | |
| Previous Owner | Yancey Jay T | $56,386 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/15/2012 05/15/12 | Sold | $345,000 | -3.9% | $87 / Sq Ft |
| 05/14/2012 05/14/12 | Pending | -- | -- | -- |
| 02/27/2012 02/27/12 | For Sale | $359,000 | -- | $91 / Sq Ft |
Source: Lynchburg Association of REALTORS®
Tax History Compared to Growth
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 | $2,434 | $593,600 | $75,000 | $518,600 |
| 2023 | $2,434 | $296,800 | $0 | $0 |
| 2022 | $2,214 | $221,350 | $0 | $0 |
| 2021 | $2,214 | $442,700 | $65,000 | $377,700 |
| 2020 | $2,214 | $442,700 | $65,000 | $377,700 |
| 2019 | $2,214 | $442,700 | $65,000 | $377,700 |
| 2018 | $2,178 | $418,800 | $60,000 | $358,800 |
| 2017 | $2,178 | $418,800 | $60,000 | $358,800 |
| 2016 | $2,178 | $418,800 | $60,000 | $358,800 |
| 2015 | $2,178 | $418,800 | $60,000 | $358,800 |
| 2014 | $2,232 | $429,200 | $60,000 | $369,200 |
Source: Public Records
Agents Affiliated with this Home
-
Wanda Robertson
W
Seller's Agent in 2012
Wanda Robertson
The Hopkins Real Estate Group
(434) 426-2103
112 Total Sales
-
J
Seller Co-Listing Agent in 2012
Johnathan Raper
Keller Williams
-
Bruce Rhodes
B
Buyer's Agent in 2012
Bruce Rhodes
John Stewart Walker, Inc
(434) 258-1419
5 Total Sales
Map
Source: Lynchburg Association of REALTORS®
MLS Number: 271064
APN: 90504012
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