NOT LISTED FOR SALE

1503 Terrace Rd SW Roanoke, VA 24015

Raleigh Court Neighborhood

Estimated Value: $441,000 - $518,000

3 Beds
2.5 Baths
1,895 Sq Ft
$248/Sq Ft Est. Value

Last Sold May 04, 2020

Last sale price $319,000 $168 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $3,048/month

2 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Detached Garage
  • Living Room with Fireplace
  • Covered patio or porch
  • 2-minute walk to Lakewood Park

About This Home

As of May 2020

Circa 1930's Classic Raleigh Court Colonial! This newly renovated, solid brick home offers 3 bedrooms and 2.5 baths. Beautifully refinished hardwood flooring is complemented by a bright floor plan, boasting modern finishes and design. Enjoy the open concept and well appointed kitchen with quartz counter tops, stainless steel appliances, and soft close cabinetry. Laundry, half bath, formal dining, and a spacious living room round out the entry level of this home. The upper level houses a must-see master bedroom with en-suite bath, providing two vanities and walk-in shower. Two additional bedrooms and full bath complete the upper level. Additional features include: Replacement windows, new roof, new HVAC, off street parking, and detached garage.

Last Agent to Sell the Property

Joe Kraft

LICHTENSTEIN ROWAN, REALTORS(r) License #0225180222 Listed on: 04/01/2020

LICHTENSTEIN ROWAN, REALTORS(r)

Last Buyer's Agent

Josh Dix

RE/MAX ALL STARS License #0225212870

RE/MAX ALL STARS

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $2,603

Year Built

  • Built in 1936

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 72.1 x 95.9 x 83.6 x 94.6
  • Level Lot

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,895 Sq Ft Home
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Insulated Doors
  • Living Room with Fireplace
  • 2 Fireplaces
  • Laundry on main level

Kitchen

  • Electric Range
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Fireplace in Basement

Parking

  • Detached Garage
  • 3 Open Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Covered patio or porch

Schools

  • Wasena Elementary School
  • James Madison Middle School
  • Patrick Henry High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Raleigh Court Subdivision

Listing and Financial Details

  • Legal Lot and Block 24 / 29

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$2,603

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Interior Features: Gas Log Fireplace, Masonry Fireplace
  • Heating System: Forced Air Gas, Heat Pump Electric, Zoned Heat
  • Fireplace(s): Basement, Living Room
  • Type: Residential
  • Has Basement: Walkout - Full
  • Major Appliances: Dishwasher, Range Electric, Range Hood, Refrigerator
  • Cooling System: Central Cooling, Other - See Remarks
  • Outside Features: Covered Porch
  • BedroomsBRUpperLevel: 3
  • EntryAboveGrdFin Sq Ft: 995.00
  • ExteriorDoors: Insulated
  • Fireplace Number Fireplaces: 2
  • FullBathsFullBathsUpperLvl: 2
  • Grand Total Attached S Q F T: 2795
  • HalfBathsHalfBathsEntryLvl: 1
  • LaundryLaundryEntryLevel: 1
  • Major Area: 01 - City of Roanoke
  • MasterBedroomsMasterBRUpperLvl: 1
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Detached
  • RatifiedContractDt: 2020-04-03
  • Residential Type: Detached
  • Style Of House: Colonial
  • Total Above Grd Fin S Q F T: 1895
  • TotalBdrm: 3
  • TotalBths: 2.10
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1895.00
  • TotalHBaths: 1
  • TotalUnfin Sq Ft: 900.00
  • UncoveredNumberSpaces: 3.00
  • Uncovered Parking: Off Street Parking
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 900.00
  • UpperAboveGrdFin Sq Ft: 900.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch, Side Porch

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water
  • Water Heater Type: Tank

Schools

  • Elementary School: Wasena
  • Middle School: James Madison
  • High School: Patrick Henry

Lot Info

  • Lot Description: Level Lot
  • Lot Dimensions: 72.1 x 95.9 x 83.6 x 94.6
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.17
  • Lot: 24

Building Info

  • Year Built: 1936

Tax Info

  • Taxes (6 mo): 2603.48
  • FILLTAXID: 1340821

MLS Schools

  • Elementary School: Wasena
  • HighSchool: Patrick Henry
  • Middle School: James Madison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2020
Closed on
May 1, 2020
Sold by
City Investments Llc
Bought by
Cole Allison L and Florek Michael James
Seller's Agent
Joe Kraft
LICHTENSTEIN ROWAN, REALTORS(r)
Buyer's Agent
Josh Dix
RE/MAX ALL STARS
List Price
$314,950
Sold Price
$319,000
Premium/Discount to List
$4,050
1.29%
Current Estimated Value
$469,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,499
Avg. Annual Appreciation
7.74%
Original Mortgage
$303,050
Outstanding Balance
$221,071
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$246,606

Purchase Details

Closed on
Aug 30, 2019
Sold by
Prime Home Buyers Llc
Bought by
Star City Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,100
Interest Rate
3.8%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 20, 2019
Sold by
Johnson David George and Johnson Charles Michael
Bought by
Pime Home Buyers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,100
Interest Rate
3.8%
Mortgage Type
Credit Line Revolving
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
Cole Allison L $319,000 First Choice Title & Setmnt
Star City Investments Llc $105,000 Century Title Services Inc
Pime Home Buyers Llc $75,000 Century Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cole Allison L $303,050
Previous Owner Star City Investments Llc $177,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2020 05/04/20 Sold $319,000 +1.3% $168 / Sq Ft
04/03/2020 04/03/20 Pending -- -- --
04/01/2020 04/01/20 For Sale $314,950 -- $166 / 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 $5,195 $410,200 $58,700 $351,500
2023 $5,195 $368,900 $51,000 $317,900
2022 $4,310 $339,200 $45,000 $294,200
2021 $3,965 $311,600 $43,000 $268,600
2020 $3,767 $296,500 $40,000 $256,500
2019 $2,631 $203,400 $32,600 $170,800
2018 $2,564 $197,900 $32,600 $165,300
2017 $2,434 $195,100 $32,600 $162,500
2016 $2,440 $195,600 $32,600 $163,000
2015 $2,323 $198,300 $32,600 $165,700
2014 $2,323 $198,300 $32,600 $165,700
Source: Public Records

Agents Affiliated with this Home

  • Joe Kraft

    Seller's Agent in 2020

    Joe Kraft

    LICHTENSTEIN ROWAN, REALTORS(r)

    (727) 296-7492

    25 in this area

    359 Total Sales

    Joe Kraft
    Section Image
  • Josh Dix

    Buyer's Agent in 2020

    Josh Dix

    RE/MAX

    (540) 556-5649

    4 in this area

    332 Total Sales

    Josh Dix
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 868341

Roanoke Valley Association of REALTORS®

APN: 134-0821

Virginia Roanoke City County Roanoke 24015 Raleigh Court

1503 Terrace Rd SW, Roanoke, VA

This home is located at 1503 Terrace Rd SW, Roanoke, VA 24015 since 01 April 2020 and is currently estimated at $469,499, approximately $247 per square foot. This property was built in 1936. 1503 Terrace Rd SW is a home located in Roanoke City with nearby schools including Wasena Elementary School, James Madison Middle School, and Patrick Henry 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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