NOT LISTED FOR SALE

1583 Colby Dr Forest, VA 24551

Estimated Value: $623,748 - $752,000

3 Beds
2 Baths
2,482 Sq Ft
$274/Sq Ft Est. Value

Last Sold August 10, 2018

Last sale price $419,900 $169 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $3,817/month

Highlights

  • Ranch Style House
  • Wood Flooring
  • Tennis Courts
  • Forest Middle School Rated A-
  • Great Room
  • 1-minute walk to The Flag Pole

About This Home

As of August 2018

Immaculate custom built ranch in the prestigious Somerset Meadows! Two car attached garage and enormous 40x30 detached 2-car garage. You will love this floor plan with all main level living and a full unfinished basement for future expansion. Large kitchen opens to the great room & den making this space perfect for entertaining. Kitchen boasts maple cabinetry, granite countertops, large bar, walk-in pantry & stainless appliances. Spacious 20x15 master suite with electric fireplace & nice en-suite with jacuzzi tub, roman tiled shower & walk-in closet. Large dining room with decorative columns is open to the great room area. Main level also boasts two additional bedrooms and full bathroom. You will love the outdoor space with a screened in porch, nice patio area and hot tub covered by a pergola! Enjoy overlooking the private & flat backyard that is partially fenced in. Call for more details!

Last Agent to Sell the Property

Lauren Bell

Lauren Bell Real Estate, Inc. License #0225222641 Listed on: 07/17/2018

Last Buyer's Agent

Jeffrey Sims

Legacy Realty and Development License #0225215227

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,040

Year Built

  • Built in 2007

Lot Details

  • 1.03 Acre Lot
  • Fenced Yard
  • Landscaped

HOA Fees

  • $25 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Shingle Roof

Interior Spaces

  • 2,482 Sq Ft Home
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room
  • Formal Dining Room
  • Attic Access Panel

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms
  • Bathtub Includes Tile Surround

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer and Dryer Hookup

Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Rough-In Basement Bathroom

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • 4 Garage Spaces | 2 Attached and 2 Detached
  • Garage Door Opener
  • Driveway

Location

  • Property is near a golf course

Schools

  • New London Academy Elementary School
  • Forest Midl Middle School
  • Jefferson Forest-Hs High School

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 90508044

Community Details

Overview

  • Association fees include neighborhood lights, playground, tennis
  • Somerset Meadows Subdivision

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,040

Year Built

Built in 2007

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • FILLACRES: 1.0300
  • AssocFeeOptional: Required
  • BuildingOnProperty: Other
  • Directions: Rt. 460W to Left at Sheetz onto New London Rd, Pass London Downs Golf Course to Right into Somerset Meadows Subdivision. Turn LEFT onto Colby Dr.
  • Internet Providers: Shentel
  • Lot Measurement: Acres
  • Lot Sq Ft: 44867.00
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 90508044
  • Year Built: 2007
  • Detached Garage: 2 Car
  • Heating System: Heat Pump
  • Building Stories: One
  • Dwelling Styles: Ranch
  • Foyer Area: 45.000000
  • Laundryroom Dim: 8.000 x 5.000
  • Laundryroom Len: 8.000
  • Living Room Dim: 0.000 x 0.000
  • Masterbedroom Area: 300.000000
  • Master Bedroom Dim: 20.000 x 15.000
  • Masterbedroom Len: 20.000
  • Masterbedroom Wid: 15.000
  • Office Dim: 0.000 x 0.000
  • Other Room1 Area: 1200.000000
  • Other Room1 Len: 40.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 2.00
  • Bathrooms Display: 2 (2 0)
  • Lower Floor 1 Bedrooms: 3
  • Broker Approved: Yes
  • High School2: Jefferson Forest-HS
  • Legal Description: SOMERSET MEADOWS SEC 8 LT 219 PB 48/79
  • Middle School2: Forest Midl
  • Reciprocal Listing: No
  • Second Bedroom: 11x11 Level: Level 1 Above Grade
  • Second Bedroom Area: 121.000000
  • Third Bedroom: 11x11 Level: Level 1 Above Grade
  • Third Bedroom Area: 121.000000
  • Above Grade Finished Sq Ft: 2482.00
  • ApplianceConvey: Dishwasher, Microwave, Range-Elec, Refrigerator, Other
  • Has Attic: Access
  • Has Basement: Exterior Entrance, Full, Interior Entrance, Roughed in Bath
  • Breakfast Area: 11x11 Level: Level 1 Above Grade
  • Flooring: Carpet, Hardwood, Tile
  • Year Built Exception: 0
  • Family Room: 22x16 Level: Level 1 Above Grade
  • Fireplace: 1 Fireplace, Gas Log
  • Formal Dining: 16x11 Level: Level 1 Above Grade
  • Foyer: 9x5 Level: Level 1 Above Grade
  • Level 1 Full Bathrooms: 2
  • Great Room: 22x16 Level: Level 1 Above Grade
  • Interior Amenities: Cable Available, Cable Connections, Ceiling Fan(s), Tile Bath(s), Drywall, Great Room, Main Level Bedroom, Main Level Den, Master Bed w/ Bath, Pantry, Security System, Separate Dining Room, Smoke Alarm
  • Dining Kitchen: 17x12 Level: Level 1 Above Grade
  • Laundry: Dryer Connection, Laundry Room, Main Level, Washer Connections
  • Laundry Room: 8x5 Level: Level 1 Above Grade
  • Master Bedroom: 20x15 Level: Level 1 Above Grade
  • Other Room 1: 40x30 Level: Level 1 Above Grade
  • Additional Room 1 Description: Detached Garage
  • Screened Porch: 12x11 Level: Level 1 Above Grade
  • FamilyRoom Area: 352.000000
  • GreatRoom Area: 352.000000
  • Livinggreat Room Dim: 22.000 x 16.000
  • Kitchen Area: 204.000000
  • Laundry Room Area: 40.000000
  • Est Other Room1 Dim: 40.000 x 30.000
  • Est Other Room2 Dim: 0.000 x 0.000
  • Est Other Room3 Dim: 0.000 x 0.000
  • Rec Room Dim: 0.000 x 0.000
  • Sunroom Dim: 0.000 x 0.000

Exterior Features

  • Lot Number: 219
  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Concrete Drive, Fenced Yard, Landscaped, Tennis Courts Nearby, Golf Nearby
  • Patio: 21x15 Level: Level 1 Above Grade

Garage/Parking

  • Attached Garage: 2 Car
  • Garage Spaces: Garage Door Opener, Other
  • Garage Area: 567.000000
  • Garage Dim: 27.000 x 21.000
  • GarageLen: 27.000
  • GarageWid: 21.000

Utilities

  • Utility Electric: AEP/Appalachian Powr
  • Air Conditioner: Heat Pump
  • Sewer: County
  • 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: 300.00
  • Subdivision Complex: Somerset Meadows

Schools

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

Lot Info

  • Lot Sq Ft: 2482.00

Tax Info

  • Estimated Taxes: 2040

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2018
Closed on
Jul 30, 2018
Sold by
Rexrode Ralph W and Rexrode Barbara J
Bought by
Price Mark W and Price Robin M
Seller's Agent
Lauren Bell
Lauren Bell Real Estate, Inc.
Buyer's Agent
Jeffrey Sims
Legacy Realty and Development
List Price
$419,900
Sold Price
$419,900
Current Estimated Value
$679,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,537
Avg. Annual Appreciation
6.96%
Original Mortgage
$398,905
Outstanding Balance
$346,433
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$333,004
Source: Public Records

Range of Values:

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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
Price Mark W $419,900 Covenant Real Estate Svcs
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Price Mark W $398,905
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2018 08/10/18 Sold $419,900 0.0% $169 / Sq Ft
07/17/2018 07/17/18 Pending -- -- --
07/17/2018 07/17/18 For Sale $419,900 -- $169 / Sq Ft
Source: Lynchburg 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
2025 $2,276 $555,200 $70,000 $485,200
2024 $2,276 $555,200 $70,000 $485,200
2023 $2,276 $277,600 $0 $0
2022 $2,101 $210,100 $0 $0
2021 $2,101 $420,200 $60,000 $360,200
2020 $2,101 $420,200 $60,000 $360,200
2019 $2,101 $420,200 $60,000 $360,200
2018 $2,120 $407,600 $55,000 $352,600
2017 $2,120 $407,600 $55,000 $352,600
2016 $2,120 $407,600 $55,000 $352,600
2015 $2,120 $407,600 $55,000 $352,600
2014 $2,155 $414,400 $55,000 $359,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 313139

APN: 153-29-219