NOT LISTED FOR SALE

1502 Colby Dr Forest, VA 24551

Forest Area

Estimated Value: $704,000 - $775,000

4 Beds
3.5 Baths
3,950 Sq Ft
$185/Sq Ft Est. Value

Sale Details

Date Sold: May 15, 2012

Last sale price $345,000 $87 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $4,199 / mo

77 Days on Market

Highlights

  • Tennis Courts
  • Wood Flooring
  • Home Office
  • New London Academy Elementary Rated 9+
  • Great Room
  • 1-minute walk to The Flag Pole

About This Home

As of May 2012

Priced $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

Wanda Robertson

Virginia Homes & Land Realty License #0225256513 Listed on: 02/27/2012

Co-Listed By

Johnathan Raper

Keller Williams License #0225199167

Last Buyer's Agent

Bruce Rhodes

John Stewart Walker, Inc License #4001011494

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 golf course

Community Details

  • Association fees include neighborhood lights, playground, tennis

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,100

Year Built

Built in 2004

Lot Details

1.26 Acres

HOA Fees

$17 per month

Listing Details

  • FILLACRES: 1.2600
  • AssocFeeOptional: Required
  • Directions: 460W, Left at Sheetz, New London on Rt. 811, Right on Somerset Dr into Somerset Meadows, Right on Colby, house on left.
  • Lot Measurement: Acres
  • Lot Sq Ft: 54886.00
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • Year Built: 2004
  • FullBathBelowGrade: 1
  • Heating System: Two-Zone
  • Building Stories: Two
  • Dwelling Styles: Two Story
  • Foyer Area: 182.000000
  • Laundryroom Dim: 8.000 x 7.000
  • Laundryroom Len: 8.000
  • Living Room Dim: 16.000 x 14.000
  • Livingroom Len: 16.000
  • Livingroom Wid: 14.000
  • Masterbedroom Area: 224.000000
  • Master Bedroom Dim: 16.000 x 14.000
  • Masterbedroom Len: 16.000
  • Masterbedroom Wid: 14.000
  • Office Dim: 13.000 x 11.000
  • Other Room1 Area: 285.000000
  • Other Room1 Len: 19.000
  • Other Room2 Area: 121.000000
  • Other Room2 Len: 11.000
  • Other Room3 Area: 210.000000
  • Other Room3 Len: 15.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 4.00
  • Bathrooms Display: 4 (3 1)
  • Lower Floor 1 Bedrooms: 4
  • Broker Approved: Yes
  • High School2: Jefferson Forest-HS
  • Legal Description: Somerset Meadows Sec 4 LT 35 PB
  • Middle School2: Forest Midl
  • Reciprocal Listing: No
  • Second Bedroom: 12x11 Level: Level 2 Above Grade
  • Second Bedroom Area: 132.000000
  • Third Bedroom: 15x11 Level: Level 2 Above Grade
  • Third Bedroom Area: 165.000000
  • Above Grade Finished Sq Ft: 2850.00
  • ApplianceConvey: Dishwasher, Range-Elec, Refrigerator
  • Has Attic: Access
  • Has Basement: Exterior Entrance, Full, Heated, Interior Entrance
  • Breakfast Area: 12x11 Level: Level 1 Above Grade
  • Flooring: Carpet, Ceramic Tile, Hardwood, Laminate
  • Year Built Exception: 0
  • Deck: 37x14 Level: Level 1 Above Grade
  • Family Room: 19x12 Level: Below Grade
  • Fireplace: Gas Log
  • Formal Dining: 13x11 Level: Level 1 Above Grade
  • Foyer: 14x13 Level: Level 1 Above Grade
  • Level 2 Full Bathrooms: 2
  • Great Room: 15x15 Level: Level 1 Above Grade
  • First Level Half Bathrooms: 1
  • Interior Amenities: Cable Connections, Ceiling Fan(s), Drywall, Great Room, Separate Dining Room
  • Dining Kitchen: 12x11 Level: Level 1 Above Grade
  • Laundry: Main Level
  • Laundry Room: 8x7 Level: Level 1 Above Grade
  • Living Room: 16x14 Level: Level 1 Above Grade
  • Master Bedroom: 16x14 Level: Level 2 Above Grade
  • Office: 13x11 Level: Level 1 Above Grade
  • Other Room 1: 19x15 Level: Level 2 Above Grade
  • Other Room 2: 11x11 Level: Below Grade
  • Other Room 3: 15x14 Level: Below Grade
  • Additional Room 2 Description: office
  • FamilyRoom Area: 228.000000
  • GreatRoom Area: 225.000000
  • Livinggreat Room Dim: 15.000 x 15.000
  • Kitchen Area: 132.000000
  • Laundry Room Area: 56.000000
  • LivingRoom Area: 224.000000
  • Office Area: 143.000000
  • Est Other Room1 Dim: 19.000 x 15.000
  • Est Other Room2 Dim: 11.000 x 11.000
  • Est Other Room3 Dim: 15.000 x 14.000
  • Rec Room Dim: 0.000 x 0.000
  • Sunroom Dim: 0.000 x 0.000

Exterior Features

  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Paved Drive, Landscaped, Tennis Courts, Golf Nearby

Garage/Parking

  • Attached Garage: 2 Car
  • Garage Spaces: Garage Door Opener, Oversized
  • Garage Area: 528.000000
  • Garage Dim: 24.000 x 22.000
  • GarageLen: 24.000
  • GarageWid: 22.000

Utilities

  • Air Conditioner: Two-Zone
  • Sewer: Septic Tank
  • Hot Water: County
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Fee Frequency: Yearly
  • HOA Includes: Neighborhood Lights, Playground, Tennis
  • HOA: Lynchburg Board of Realtors
  • Association Fee: 200.00

Schools

  • Elementary School #2: New London Academy
  • School District: Bedford

Lot Info

  • Lot Sq Ft: 3950.00

Tax Info

  • Estimated Taxes: 2100

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2012
Closed on
May 7, 2012
Sold by
Bought by
Seller's Agent
Wanda Robertson
Virginia Homes & Land Realty
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%
Current Estimated Value
$730,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$385,114
Avg. Annual Appreciation
5.42%
Original Mortgage
$266,000
Interest Rate
0.0325%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$345,000 Old Republic National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $266,000
Previous Owner $60,000
Previous Owner $236,120
Previous Owner $335,000
Previous Owner $56,386
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,434 $593,600 $75,000 $518,600
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

  • W

    Seller's Agent in 2012

    Wanda Robertson

    Virginia Homes & Land Realty

    (434) 426-2103

    82 Total Sales

    Wanda Robertson
    Section Image

  • J

    Seller Co-Listing Agent in 2012

    Johnathan Raper

    Keller Williams

  • B

    Buyer's Agent in 2012

    Bruce Rhodes

    John Stewart Walker, Inc

    (434) 258-1419

    5 Total Sales

    Bruce Rhodes
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 271064

APN: 153-20-35

Virginia Bedford County Forest 24551

1502 Colby Dr, Forest, VA

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