NOT LISTED FOR SALE

1643 Colby Dr Forest, VA 24551

Estimated Value: $826,000 - $905,000

5 Beds
5.5 Baths
6,415 Sq Ft
$134/Sq Ft Est. Value

Sale Details

Date Sold: January 17, 2023

Last sale price $728,000 $113 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,791 / mo

8 Days on Market

Highlights

  • Tennis Courts
  • Multiple Fireplaces
  • Formal Dining Room
  • Craftsman Architecture
  • Workshop
  • 1-minute walk to The Flag Pole

About This Home

As of January 2023

Welcome home to Somerset Meadows! This home was originally built as the builders personal home, boasting vaulted ceilings, two main level fire places and basement in law suite with concrete pull around! The open floor plan leads to the beautiful kitchen with Frigidaire Gallery Series appliances, gas range and double ovens! Separate dining and an office area open to the large den and sitting area! Each of the four main level bedrooms includes its own bathroom, including the expansive master bedroom and bath with tile shower and tub! Entertain on the covered deck that includes yet another fireplace! Downstairs the in law suite includes another full bath, and second kitchen with granite counter tops and stainless steel appliances! Two rooms and an open living area with walk out to the back yard and concrete drive allow for easy access! This community includes a playground and tennis courts as well as a great place for walks!

Last Agent to Sell the Property

Shannon Sims

Keller Williams License #0225236024 Listed on: 12/02/2022

Keller Williams

Last Buyer's Agent

William Matthew Barrett IV

Elite Realty License #0225215469

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,976

Year Built

  • Built in 2018

Lot Details

  • 1.22 Acre Lot
  • Property is zoned R-2

HOA Fees

  • $21 Monthly HOA Fees

Home Design

  • Craftsman Architecture
  • Poured Concrete
  • Shingle Roof

Interior Spaces

  • 6,415 Sq Ft Home
  • 1-Story Property
  • Multiple Fireplaces
  • Formal Dining Room
  • Workshop
  • Walkup Attic

Kitchen

  • Double Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Bathtub Includes Tile Surround

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Exterior Basement Entry
  • Apartment Living Space in Basement
  • Laundry in Basement

Parking

  • 2 Car Attached Garage
  • Basement Garage
  • Driveway

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Underground Utilities
  • Tankless Water Heater

Additional Features

  • Tennis Courts
  • Property is near golf course

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 90508041

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,976

Year Built

Built in 2018

Lot Details

1.22 Acres

HOA Fees

$21 per month

Listing Details

  • FILLACRES: 1.2200
  • AssocFeeOptional: Required
  • Directions: New London Rd to Somerset Dr, right onto Colby, home is on right across from tennis courts.
  • Internet Providers: Shentel
  • Lot Measurement: Acres
  • Lot Sq Ft: 53143.00
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 90508041
  • Year Built: 2018
  • FullBathBelowGrade: 1
  • Heating System: Two-Zone
  • Building Stories: One
  • Dwelling Styles: CRFT
  • Laundryroom Dim: 8.000 x 8.000
  • Laundryroom Len: 8.000
  • Living Room Dim: 0.000 x 0.000
  • Masterbedroom Area: 255.000000
  • Master Bedroom Dim: 17.000 x 15.000
  • Masterbedroom Len: 17.000
  • Masterbedroom Wid: 15.000
  • Office Dim: 12.000 x 12.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 6.00
  • Bathrooms Display: 6 (5 1)
  • Lower Floor 1 Bedrooms: 5
  • Broker Approved: Yes
  • High School2: Jefferson Forest-HS
  • Legal Description: SOMERSET MEADOWS SEC 8 LT 216
  • Middle School2: Forest Midl
  • Reciprocal Listing: No
  • Second Bedroom: 12x16 Level: Level 1 Above Grade
  • Second Bedroom Area: 192.000000
  • Third Bedroom: 12x16 Level: Level 1 Above Grade
  • Third Bedroom Area: 192.000000
  • Fourth Bedroom: 11x11 Level: Level 1 Above Grade
  • Fourth Bedroom Area: 121.000000
  • Fifth Bedroom: 17x15 Level: Below Grade
  • Fifth Bedroom Area: 255.000000
  • Above Grade Finished Sq Ft: 3754.00
  • ApplianceConvey: Dishwasher, Disposal, Double Oven, Dryer, Microwave, Range-Gas, Refrigerator, Washer
  • Has Attic: Walk-Up Stairs
  • Has Basement: Apartment, Exterior Entrance, Finished, Garage, Heated, Poured Concrete, Walkout
  • Flooring: Tile, Vinyl Plank
  • Year Built Exception: 0
  • Family Room: 29x16 Level: Level 1 Above Grade
  • Fireplace: 3+ Fireplaces, Leased Propane Tank
  • Formal Dining: 15x12 Level: Level 1 Above Grade
  • Level 1 Full Bathrooms: 4
  • Great Room: 22x19 Level: Level 1 Above Grade
  • First Level Half Bathrooms: 1
  • Interior Amenities: Apartment, Main Level Bedroom, Main Level Den, Pantry, Separate Dining Room, Tile Bath(s), Walk-In Closet(s), Workshop
  • Dining Kitchen: 16x13 Level: Level 1 Above Grade
  • Laundry: Basement, Main Level
  • Laundry Room: 8x8 Level: Level 1 Above Grade
  • Master Bedroom: 17x15 Level: Level 1 Above Grade
  • Office: 12x12 Level: Level 1 Above Grade
  • Porch: 12x33 Level: Level 1 Above Grade
  • FamilyRoom Area: 464.000000
  • GreatRoom Area: 418.000000
  • Livinggreat Room Dim: 22.000 x 19.000
  • Kitchen Area: 208.000000
  • Laundry Room Area: 64.000000
  • Office Area: 144.000000
  • Est Other Room1 Dim: 0.000 x 0.000
  • 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: 216
  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Concrete Drive, Tennis Courts, Undergrnd Utilities, Golf Nearby

Garage/Parking

  • Attached Garage: 2 Car
  • Garage Spaces: In Basement
  • Garage Dim: 0.000 x 0.000

Utilities

  • Utility Electric: AEP/Appalachian Powr
  • Air Conditioner: Two-Zone
  • Sewer: County
  • Hot Water: County
  • Water Heater: Tankless

Condo/Co-op/Association

  • HOA Fee Frequency: Yearly
  • HOA Includes: Neighborhood Lights, Playground, Tennis
  • HOA: Lynchburg Board of Realtors
  • Association Fee: 250.00
  • Subdivision Complex: Somerset Meadows

Schools

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

Lot Info

  • Lot Sq Ft: 6415.00
  • Zoning: R-2

Tax Info

  • Estimated Taxes: 2976

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2022
Closed on
Jan 16, 2023
Sold by
Bloomfield Paul and Bloomfield Sharon
Bought by
Barrett William M and Barrett Lynne H
Seller's Agent
Shannon Sims
Keller Williams
Buyer's Agent
William Matthew Barrett IV
Elite Realty
List Price
$728,000
Sold Price
$728,000
Views
51
Current Estimated Value
$859,839

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,839
Avg. Annual Appreciation
5.21%
Original Mortgage
$582,400
Outstanding Balance
$564,025
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$295,814

Purchase Details

Closed on
Oct 6, 2020
Sold by
Bloomfield Paul and Bloomfield Sharon
Bought by
Bloomfield Paul and Bloomfield Sharon

Purchase Details

Closed on
May 17, 2018
Sold by
Somerset Farms Llc A Virginia Limited Li
Bought by
Bloomfield Paul and Bloomfield Sharon
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

Date Buyer Sale Price Title Company
Barrett William M $728,000 Virginia Title Center
Bloomfield Paul -- None Available
Bloomfield Paul $59,900 Covenant Real Estate Svcs
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barrett William M $582,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2023 01/17/23 Sold $728,000 0.0% $113 / Sq Ft
12/10/2022 12/10/22 Pending -- -- --
12/06/2022 12/06/22 Off Market $728,000 -- --
12/02/2022 12/02/22 For Sale $728,000 -- $113 / Sq Ft
Source: Lynchburg Association of REALTORS®

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 $2,913 $710,500 $56,000 $654,500
2024 $2,913 $710,500 $56,000 $654,500
2023 $3,237 $394,800 $0 $0
2022 $2,976 $297,550 $0 $0
2021 $2,976 $595,100 $48,000 $547,100
2020 $2,976 $595,100 $48,000 $547,100
2019 $2,870 $574,000 $48,000 $526,000
2018 $260 $50,000 $50,000 $0
2017 $260 $50,000 $50,000 $0
2016 $260 $50,000 $50,000 $0
2015 $260 $50,000 $50,000 $0
2014 $260 $50,000 $50,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 341625

APN: 153-29-216

Your Personal Tour Guide

Ask me questions while you tour the home.