NOT LISTED FOR SALE

16033 Steinman Rd Unit 1-4 Abingdon, VA 24210

Estimated Value: $390,384

8 Beds
4 Baths
-- Sq Ft
2.28 Acres

Last Sold May 04, 2016

Last sale price $174,000

Est. 124% increase in value since last sale

Current estimated payment $2,156/month

36 Days on Market

Highlights

  • Deck
  • 1 Car Detached Garage
  • Carpet
  • E.B. Stanley Middle School Rated A-
  • Central Heating and Cooling System

About This Home

As of May 2016

Incredible INVESTMENT Opportunity! Four nice units with long term tenants. An easy to maintain property close to downtown Abingdon. Units have central heat/air, newer hot water heaters, 2 units have nice decks, 2 units have newer heat pumps. Units have carpet, some laminate. Total annual rental income is $22,680. Tenants pay their own electric, landlord pays the water bill. Great CASH FLOW!! Building is on septic, however sewer is closeby. Each unit has refrigerator, oven. 3 of the 4 units have a dishwasher.

Last Agent to Sell the Property

MATTHEW SMITH

Highlands Realty, Inc. Abingdon License #304086 Listed on: 03/15/2016

Last Buyer's Agent

Carla Dunn

Premier Homes & Properties License #282714

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,107

Year Built

  • Built in 1996

Lot Details

  • 2.28 Acre Lot
  • Sloped Lot
  • Property is in good condition

Parking

  • 1 Car Detached Garage

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Schools

  • Abingdon Elementary School
  • E. B. Stanley Middle School
  • Abingdon High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Septic Tank
  • Cable TV Available

Additional Features

  • 2-Story Property
  • Deck

Community Details

  • FHA/VA Approved Complex
  • Gross Income $22,680

Listing and Financial Details

  • Assessor Parcel Number 104-6-3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,107

Year Built

Built in 1996

Lot Details

0

Parking

1

Listing Details

  • Directions: On I-81 South, take Exit 14. Turn right onto Old Jonesboro Road. Turn right onto W. Main Street. Turn left onto Porterfield Highway. Turn right on Steinman Rd. Units are on the right. See sign.
  • Prop. Type: Residential Income
  • Year Built: 1996
  • Garage Garage Spaces: 1
  • Property Sub Type: Quadruplex
  • Architectural Style: Other, See Remarks
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 104-6-3
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 2.28
  • General Property Description Zoning2: R3
  • General Property Description Elementary School3: Abingdon
  • General Property Description Middle School2: E. B. Stanley
  • General Property Description High School3: Abingdon
  • Property Condition Above Average: Yes
  • Water Public: Yes
  • General Property Description Lot Dimensions: Approx. 2.288 Acres
  • AC Central Air: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Roof Shingle: Yes
  • AC Heat Pump3: Yes
  • Financing FHA: Yes
  • General Property Description Stories2: 2
  • TopographyLot Description Sloped: Yes
  • Flooring Carpet: Yes
  • Utilities Cable Available: Yes
  • Flooring Vinyl: Yes
  • Foundation Slab: Yes
  • General Property Description # Buildings: 1
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Flooring: Vinyl, Carpet
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes

Exterior Features

  • Property Condition: Above Average
  • Roof: Shingle
  • Lot Features: Sloped
  • Acres: 2.28
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Deck
  • Exterior Finish Vinyl Siding: Yes
  • PorchPatioDeck Deck: Yes

Garage/Parking

  • Parking Features: Asphalt, Detached
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features:Asphalt2: Yes
  • Parking Features:Detached: Yes

Utilities

  • Heating: Heat Pump, Central
  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes

Schools

  • Elementary School: Abingdon
  • High School: Abingdon
  • Middle Or Junior School: E. B. Stanley

Lot Info

  • Zoning: R3
  • Lot Dimensions: Approx. 2.288 Acres
  • Lot Size Sq Ft: 99316.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 104-6-3
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 22680.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2025
Sold by
Feeback Sherri R and Brown Sherri R
Bought by
Mj Barsco Llc
Current Estimated Value
$390,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,250
Outstanding Balance
$325,828
Interest Rate
6.76%
Mortgage Type
Credit Line Revolving
Estimated Equity
$64,556
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
Mj Barsco Llc $385,000 Investors Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mj Barsco Llc $327,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2016 05/04/16 Sold $174,000 0.0% --
04/21/2016 04/21/16 Pending -- -- --
03/15/2016 03/15/16 For Sale $174,000 -- --
Source: Tennessee/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
2025 $1,107 $320,600 $57,700 $262,900
2024 $1,107 $184,500 $45,200 $139,300
2023 $1,107 $184,500 $45,200 $139,300
2022 $1,107 $184,500 $45,200 $139,300
2021 $1,107 $184,500 $45,200 $139,300
2019 $1,141 $181,100 $45,200 $135,900
2018 $1,141 $181,100 $45,200 $135,900
2017 $1,141 $181,100 $45,200 $135,900
2016 $1,217 $193,100 $47,700 $145,400
2015 $1,217 $193,100 $47,700 $145,400
2014 $1,217 $193,100 $47,700 $145,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 374186

Tennessee/Virginia Regional MLS

APN: 104-6-3