NOT LISTED FOR SALE

1587 Fairlea Rd Rice, VA 23966

Estimated Value: $184,000 - $254,000

3 Beds
1 Bath
1,092 Sq Ft
$191/Sq Ft Est. Value

Last Sold January 07, 2022

Last sale price $167,500 $153 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,095/month

166 Days on Market

Highlights

  • Fruit Trees
  • Cottage
  • Forced Air Heating and Cooling System
  • Wood Flooring
  • 2.5 Car Detached Garage
  • Level Lot

About This Home

As of January 2022

Looking to live in the country but only be minutes from schools, shopping, and restaurants? Look no further! Set on a beautiful and mostly level lot with several fruit trees and grape vines just minutes from Downtown Farmville is where you will find this well maintained cozy ranch home. Step inside this inviting home you’ll find 3 bedrooms, 1 bath, real hardwood floors, formal dining room, replacement windows & more. The partial walkout basement offers additional space for storage, flex space, or future expansion. There’s plenty of room in the 24' x 24' detached outbuilding with electricity to store your vehicles, boats/kayaks, & collectables. Enjoy walking, running, or biking The High Bridge Trail which is just around the corner and fishing or kayaking at the Sandy River Reservoir which is a stone's throw away. Located close to Hwy 460 where you can easily commute to Richmond, Petersburg, Lynchburg, and beyond. The quaint Village of Rice will welcome you with all it has to offer! This charming home has been lovingly maintained and is awaiting its new owner!

Last Agent to Sell the Property

Ronald Sandlin

RE/MAX Advantage Plus License #0225044530 Listed on: 06/11/2021

RE/MAX Advantage Plus

Last Buyer's Agent

Non-Member Non-Member

Non MLS Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $514

Year Built

  • Built in 1964

Lot Details

  • 1 Acre Lot
  • Level Lot
  • Fruit Trees

Parking

  • 2.5 Car Detached Garage

Home Design

  • Cottage
  • Bungalow
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 1,092 Sq Ft Home
  • 1-Story Property
  • Wired For Data
  • Washer and Dryer Hookup

Kitchen

  • Stove
  • Laminate Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

  • Walk-Out Basement
  • Partial Basement

Outdoor Features

  • Outbuilding

Schools

  • Prince Edward Elementary And Middle School
  • Prince Edward High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Well
  • Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 040-A-36

Home Details

Home Type

Single Family

Est. Annual Taxes

$514

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1964
  • Property Attached Yn: No
  • Lot Size Acres: 1.0
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Bungalow, Cottage, Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • General Property Information Below Grade Unfinished Area: 727.0
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Vinyl, Wood
  • Basement: Partial, Walk-Out Access
  • Appliances: Electric Water Heater, Refrigerator, Stove
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Bedroom on Main Level, Laminate Counters, Wired for Data
  • Living Area: 1092.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition, Shingle
  • Lot Features: Fruit Trees, Level
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Aluminum Siding, Frame
  • Exterior Features: Out Building(s)
  • Other Structures: Outbuilding
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.5
  • Parking Features: Detached, Garage

Utilities

  • Heating: Forced Air, Oil
  • Cooling: Central Air
  • Sewer: Septic Tank
  • Water Source: Well
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Prince Edward

Lot Info

  • Parcel Number: 040-A-36
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 514.0

MLS Schools

  • Elementary School: Prince Edward
  • High School: Prince Edward

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2021
Closed on
Dec 27, 2021
Sold by
Buchanan Todd O
Bought by
Wingo Tandy Scott and Goodrich Angel Dawn
Seller's Agent
Ronald Sandlin
RE/MAX Advantage Plus
Buyer's Agent
Non-Member Non-Member
Non MLS Member
List Price
$169,900
Sold Price
$167,500
Premium/Discount to List
-$2,400
-1.41%
Total Days on Market
166
Current Estimated Value
$192,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,910
Avg. Annual Appreciation
3.90%
Original Mortgage
$164,465
Outstanding Balance
$143,103
Interest Rate
3.12%
Mortgage Type
FHA
Estimated Equity
$49,262

Purchase Details

Closed on
Oct 6, 2017
Sold by
Buchanan Terry W
Bought by
Buchanan Todd O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
3.86%
Mortgage Type
New Conventional
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
Wingo Tandy Scott $167,500 Attorney
Buchanan Todd O $115,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goodrich Angel Dawn $9,056
Closed Goodrich Angel Dawn $5,700
Open Wingo Tandy Scott $164,465
Previous Owner Buchanan Todd O $25,000
Previous Owner Buchanan Todd O $92,000
Previous Owner Buchanan Terry W $82,430
Previous Owner Buchanan Terry W $91,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2022 01/07/22 Sold $167,500 -1.4% $153 / Sq Ft
11/24/2021 11/24/21 Pending -- -- --
11/19/2021 11/19/21 For Sale $169,900 0.0% $156 / Sq Ft
09/18/2021 09/18/21 Pending -- -- --
09/13/2021 09/13/21 Price Changed $169,900 -5.6% $156 / Sq Ft
08/23/2021 08/23/21 Price Changed $179,900 -5.3% $165 / Sq Ft
08/02/2021 08/02/21 Price Changed $189,900 -3.6% $174 / Sq Ft
06/11/2021 06/11/21 For Sale $197,000 -- $180 / Sq Ft
Source: Central Virginia Regional 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
2024 $558 $109,400 $17,000 $92,400
2023 $525 $109,400 $17,000 $92,400
2022 $525 $109,400 $17,000 $92,400
2021 $525 $109,400 $17,000 $92,400
2020 $464 $90,900 $15,000 $75,900
2019 $464 $90,900 $15,000 $75,900
2018 $464 $90,900 $15,000 $75,900
2017 $464 $90,900 $15,000 $75,900
2016 $464 $90,900 $15,000 $75,900
2015 $445 $90,900 $15,000 $75,900
2014 $477 $101,500 $12,000 $89,500
2013 $426 $101,500 $12,000 $89,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2117773

Central Virginia Regional MLS

APN: 040-A-36