NOT LISTED FOR SALE

1516 S Lee Hwy Lexington, VA 24450

Estimated Value: $111,000 - $198,000

3 Beds
1 Bath
956 Sq Ft
$155/Sq Ft Est. Value

Last Sold December 13, 2019

Last sale price $85,000 $89 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $830/month

28 Days on Market

About This Home

As of December 2019

Come check out this cozy bungalow tucked away on 2.5 acres along the Route-11 corridor offers country living with just a short drive to Lexington or the I-81 interchange for an easy commute to Roanoke or Augusta. Features large living room, eat-in kitchen, 3 bedrooms and enclosed porch. Wood floors, vinyl siding, replacement windows. Great opportunity for first-time homebuyer or investor-buyer looking to add to their portfolio

Last Agent to Sell the Property

Lana Nicely

Flint Realty LLC Listed on: 10/16/2019

Last Buyer's Agent

Non Member

Home Details

Home Type

Single Family

Est. Annual Taxes

$546

Year Built

1956

Lot Details

0

Listing Details

  • ConservationEsmnt: No
  • Directions: Route 11/Lee Hwy south from Lexington to drive way on the right at Flint Realty Sign
  • HistoricProperty: No
  • Listing Member Name: Lana H Nicely
  • Listing Office Short Id: 86
  • Open House Office I D: 20061211170240485629000000
  • Hoa2 Or Poa: No
  • Prop. Type: Residential/Farm
  • Selling Member Short Id: non-member
  • Selling Office Short Id: 108
  • Subdivision Yn: No
  • TotalFinSFApx: 956.00
  • Year Built: 1956
  • Taxes Dollars: 660.65
  • TotalAcresApx: 2.51
  • 1StFloorMstrBdrm: No
  • PorchDeckPatioDeck: Front
  • PorchDeckPatioPorch: Front
  • Building Style: Cottage
  • Type of Construction: Stick Built
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Basement: Partial, Unfinished
  • Full Bathrooms: 1.00
  • Flood Zone Other: not in flood hazard
  • Updated Floor: Carpet, Vinyl
  • Appliances: As Is, Electric Range, Refrigerator
  • Has Attic: Drop Stair
  • Lower Floor 1 Bedrooms: 3
  • Fireplace: None
  • Interior Amenities: Ceiling Fan
  • Lower Floor 1 Bedrooms: 6

Exterior Features

  • Exterior: Vinyl
  • Exterior Features: Ceiling Fan(s), Chickens Permitted, Deck-Front, Paved Driveway, Porch-Front, Storm Door-Front, Thermopane Windows
  • Road Frontage: State Road
  • Roof: Shingle
  • Street: Lee
  • Tax Rate: 0.73
  • Flood Zone: SW
  • Topography: Level
  • Exterior Features: Covered Porch, Paved Driveway
  • Guest House: No

Garage/Parking

  • Garage Spaces: None

Utilities

  • Cooling: No Cooling System
  • Heating: Forced Air, Oil
  • Sewer: Existing Septic
  • Water: Well
  • Water Heater: Electric

Schools

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

Lot Info

  • Future Land Use: No
  • Lot Dimensions: see plat
  • Zoning: Agricultural
  • Best Use: Investment, Residential
  • Current Use: Residential

Tax Info

  • Tax Map Number: 87-2-2A
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2019
Closed on
Nov 22, 2019
Sold by
Ramsey Karey Ruley and Estate Of Jerry Lyle Morrison
Bought by
Matuszewski John L and Matuszewski Michele B
Seller's Agent
Lana Nicely
Flint Realty LLC
Buyer's Agent
Non Member
List Price
$97,500
Sold Price
$85,000
Premium/Discount to List
-$12,500
-12.82%
Current Estimated Value
$147,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,718
Avg. Annual Appreciation
9.80%
Original Mortgage
$68,000
Outstanding Balance
$60,702
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$84,027
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Matuszewski John L $85,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matuszewski John L $68,000
Previous Owner Morrison Jerry L $9,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2019 12/13/19 Sold $85,000 -12.8% $89 / Sq Ft
11/13/2019 11/13/19 Pending -- -- --
10/16/2019 10/16/19 For Sale $97,500 -- $102 / 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
2024 $546 $89,500 $37,600 $51,900
2023 $546 $89,500 $37,600 $51,900
2022 $670 $90,500 $37,600 $52,900
2021 $670 $90,500 $37,600 $52,900
2020 $670 $90,500 $37,600 $52,900
2019 $661 $90,500 $37,600 $52,900
2018 $634 $90,500 $37,600 $52,900
2017 $387 $90,500 $37,600 $52,900
2016 $423 $94,200 $43,100 $51,100
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2019

    Lana Nicely

    Flint Realty LLC

    (540) 377-6380

    48 in this area

    141 Total Sales

    Lana Nicely
    Section Image

  • N

    Buyer's Agent in 2019

    Non Member

See All Agents

Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 134626

APN: 87-2-2A

Virginia Rockbridge County Lexington 24450

1516 S Lee Hwy, Lexington, VA

This home is located at 1516 S Lee Hwy, Lexington, VA 24450 since 16 October 2019 and is currently estimated at $147,718, approximately $154 per square foot. This property was built in 1956. 1516 S Lee Hwy is a home located in Rockbridge County with nearby schools including Rockbridge County High School and Earthsong Community School.

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