NOT LISTED FOR SALE

1616 Wallace Ave NE Roanoke, VA 24012

Wildwood Neighborhood

Estimated Value: $204,000 - $239,000

3 Beds
2 Baths
1,100 Sq Ft
$206/Sq Ft Est. Value

Last Sold August 23, 2018

Last sale price $99,950 $91 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $1,442/month

13 Days on Market

Highlights

  • Ranch Style House
  • Front Porch
  • Ceiling Fan
  • No HOA

About This Home

As of August 2018

This won't last long! Priced below tax assessment! One floor living and conveniently located. 3 Br, 2 BA open floor plan.

Last Agent to Sell the Property

Barry Compton

RED KEY REALTY INC License #0225040865 Listed on: 07/11/2018

Last Buyer's Agent

Derrick Willis

THE COLLECTIVE REAL ESTATE GROUP LLC License #0225207798

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $1,392

Year Built

  • Built in 2004

Lot Details

  • Lot Dimensions are 40 x 120
  • Lot Sloped Down

Parking

  • Off-Street Parking

Home Design

  • Ranch Style House

Interior Spaces

  • 1,100 Sq Ft Home
  • Ceiling Fan
  • Crawl Space
  • Laundry on main level

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

  • Fallon Park Elementary School
  • James Breckinridge Middle School
  • William Fleming High School

Additional Features

  • Front Porch
  • Heat Pump System

Community Details

  • No Home Owners Association
  • Jackson Park Subdivision

Listing and Financial Details

  • Legal Lot and Block 15 / 4

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$1,392

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan
  • Heating System: Heat Pump Electric
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Crawl Space
  • Major Appliances: Dishwasher, Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 3
  • EntryAboveGrdFin Sq Ft: 1100.00
  • ExteriorDoors: Metal
  • FullBathsFullBathsEntryLvl: 2
  • Grand Total Attached S Q F T: 1100
  • LaundryLaundryEntryLevel: 1
  • Major Area: 01 - City of Roanoke
  • MasterBedroomsMasterBREntryLvl: 1
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2018-07-24
  • Residential Type: Detached
  • Style Of House: Ranch
  • SubdivisionMap: Jackson Park
  • Total Above Grd Fin S Q F T: 1100
  • TotalBdrm: 3
  • TotalBths: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1100.00
  • Uncovered Parking: Off Street Parking
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1

Interior Features

  • Basement YN: No

Exterior Features

  • Porch: Front Porch

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water

Schools

  • Elementary School: Fallon Park
  • Middle School: James Breckinridge
  • High School: William Fleming

Lot Info

  • Lot Description: Down Slope
  • Lot Dimensions: 40 x 120
  • Property Group Id: 19990816212109142258000000
  • Lot: 15

Building Info

  • Year Built: 2004

Tax Info

  • Taxes (6 mo): 1392.00
  • FILLTAXID: 3221714

MLS Schools

  • Elementary School: Fallon Park
  • HighSchool: William Fleming
  • Middle School: James Breckinridge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2018
Closed on
Aug 21, 2018
Sold by
Debusk Thomas and Debusk Carol S
Bought by
Thomas Patricia P
Seller's Agent
Barry Compton
RED KEY REALTY INC
Buyer's Agent
Derrick Willis
THE COLLECTIVE REAL ESTATE GROUP LLC
List Price
$99,950
Sold Price
$99,950
Current Estimated Value
$226,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,411
Avg. Annual Appreciation
12.24%
Original Mortgage
$3,498
Outstanding Balance
$3,044
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$223,317

Purchase Details

Closed on
Nov 21, 2013
Sold by
Light Donald C
Bought by
Light Donald C and Kawamura Deborah L

Purchase Details

Closed on
Oct 25, 2010
Sold by
Miles L Ann
Bought by
Light Donald C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,600
Interest Rate
4.25%
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
Thomas Patricia P $99,950 American Title & Settlement
Light Donald C -- None Available
Light Donald C $114,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Patricia P $3,498
Open Thomas Patricia P $98,138
Previous Owner Light Donald C $102,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2018 08/23/18 Sold $99,950 0.0% $91 / Sq Ft
07/24/2018 07/24/18 Pending -- -- --
07/11/2018 07/11/18 For Sale $99,950 -- $91 / Sq Ft
Source: Roanoke Valley 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 $2,836 $217,800 $27,900 $189,900
2024 $2,836 $188,400 $23,300 $165,100
2023 $2,472 $174,200 $17,300 $156,900
2022 $1,981 $149,300 $13,600 $135,700
2021 $1,769 $132,500 $12,100 $120,400
2020 $1,700 $127,900 $11,900 $116,000
2019 $1,585 $118,500 $11,200 $107,300
2018 $1,531 $114,100 $11,200 $102,900
2017 $1,405 $111,600 $11,200 $100,400
2016 $1,416 $112,500 $11,200 $101,300
2015 $1,348 $113,600 $11,200 $102,400
2014 $1,348 $0 $11,200 $102,400
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Barry Compton

    RED KEY REALTY INC

    (540) 293-5294

    194 Total Sales

    Barry Compton
    Section Image

  • D

    Buyer's Agent in 2018

    Derrick Willis

    THE COLLECTIVE REAL ESTATE GROUP LLC

    (540) 761-8462

    23 Total Sales

    Derrick Willis
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 850435

Roanoke Valley Association of REALTORS®

APN: 322-1714

Virginia Roanoke City County Roanoke 24012 Wildwood

1616 Wallace Ave NE, Roanoke, VA

This home is located at 1616 Wallace Ave NE, Roanoke, VA 24012 since 11 July 2018 and is currently estimated at $226,361, approximately $205 per square foot. This property was built in 2004. 1616 Wallace Ave NE is a home located in Roanoke City with nearby schools including Fallon Park Elementary School, John P Fishwick Middle School, and William Fleming High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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