NOT LISTED FOR SALE

1570 Commerce St Winchester, VA 22601

Estimated Value: $616,448

2.57 Acres
$239,863 Price per Acre
111,949 Sq Ft Lot

Last Sold April 30, 2022

Last sale price $535,000

Est. 15% increase in value since last sale

Current estimated payment $3,624/month

1,204 Days on Market

About This Lot

As of April 2022

PLANNED UNIT DEVELOPMENT OPPORTUNITY; POTENTIAL FOR 26 - 48 UNITS, CITY OF WINCHESTER! Excellent topo, water+sewer availability, and phenomenal location for townhouse and/or apartment development via a PUD rezoning. TWO Concept drawings, one with 48 apartment units and one with 26 townhouse units. Existing zoning is CM1. Purchaser to rezone as needed prior to settlement. 2.6 a. Asking $599,000. Make offer!

Last Agent to Sell the Property

Gillian Greenfield

Coldwell Banker Premier Listed on: 04/18/2018

Coldwell Banker Premier

Last Buyer's Agent

Marie DiLorenzo

Oakcrest Commercial LLC.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,197

Lot Details

  • 2.57 Acre Lot
  • No Building Permits
  • Property is zoned CM1

Utilities

  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 10306

Property Details

Property Type

Land

Est. Annual Taxes

$3,197

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Commercial
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Remarks Public: PLANNED UNIT DEVELOPMENT OPPORTUNITY; POTENTIAL FOR 26 - 48 UNITS, CITY OF WINCHESTER! Excellent topo, water+sewer availability, and phenomenal location for townhouse and/or apartment development via a PUD rezoning. TWO Concept drawings, one with 48 apartment units and one with 26 townhouse units. Existing zoning is CM1. Purchaser to rezone as needed prior to settlement. 2.6 a. Asking $599,000. Make offer!
  • Special Features: None

Interior Features

  • Basement: No
  • Price Per Sq Ft: 5.35
  • Street Number Modifier: 1570

Exterior Features

  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Hook/Up Avail
  • Water Source: Public Hook-Up Available

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: WINCHESTER CITY PUBLIC SCHOOLS
  • School District Key: 121141714472

Lot Info

  • Additional Parcels: No
  • Improvement Assessed Value: 71500.00
  • Lot Size Acres: 2.57
  • Lot Size Area: 111906
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 111906.00
  • Possible Use: Residential
  • Year Assessed: 2017
  • Zoning: CM1
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3196.83
  • Assessor Parcel Number: 10306
  • Tax Page Number: 2645
  • Tax Data Updated: No
  • Tax Year: 2017
  • Close Date: 04/30/2022

MLS Schools

  • School District Name: WINCHESTER CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2018
Closed on
May 10, 2022
Sold by
Evergreen Real Properties Llc
Bought by
Li And Chen Remodeling Inc
Seller's Agent
Gillian Greenfield
Coldwell Banker Premier
Buyer's Agent
Marie DiLorenzo
Oakcrest Commercial LLC.
List Price
$799,000
Sold Price
$535,000
Premium/Discount to List
-$264,000
-33.04%
Current Estimated Value
$616,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,448
Avg. Annual Appreciation
4.00%

Purchase Details

Closed on
Nov 25, 2013
Sold by
The Madison Group Of Virginia Llc
Bought by
Evergreen Real Properties Llc
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
Li And Chen Remodeling Inc $530,000 Commonwealth Land Title
Evergreen Real Properties Llc $350,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Madison Group Of Virginia Llc $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2022 04/30/22 Sold $535,000 -10.7% --
07/25/2021 07/25/21 Price Changed $599,000 -11.3% --
09/06/2018 09/06/18 Price Changed $675,000 -3.4% --
08/15/2018 08/15/18 Price Changed $699,000 -12.5% --
04/18/2018 04/18/18 For Sale $799,000 -- --
Source: Bright MLS

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 -- $366,500 $279,800 $86,700
2024 $2,985 $359,600 $279,800 $79,800
2023 $2,985 $359,600 $279,800 $79,800
2022 $3,267 $351,300 $279,800 $71,500
2021 $3,267 $351,300 $279,800 $71,500
2020 $3,267 $351,300 $279,800 $71,500
2019 $3,267 $351,300 $279,800 $71,500
2018 $3,197 $351,300 $279,800 $71,500
2017 $3,197 $351,300 $279,800 $71,500
2016 $3,197 $351,300 $279,800 $71,500
2015 $3,197 $351,300 $279,800 $71,500
2014 $5,410 $569,500 $559,500 $10,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000414418

Bright MLS

APN: 252-01-2