NOT LISTED FOR SALE

1663 Armory Dr Franklin, VA 23851

Estimated Value: $2,633,678

-- Bed
1 Bath
2,722 Sq Ft
$968/Sq Ft Est. Value

About This Home

This home is located at 1663 Armory Dr, Franklin, VA 23851 and is currently priced at $2,633,678, approximately $967 per square foot. 1663 Armory Dr is a home located in Franklin City with nearby schools including S.P. Morton Elementary School, Joseph P. King Jr. Middle School, and Franklin High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2022
Sold by
Cem Resources Llc
Bought by
Novello Heather and Novello Michael
Current Estimated Value
$2,633,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,500,000
Outstanding Balance
$4,669,557
Interest Rate
5.13%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 12, 2021
Sold by
National Glass Llc
Bought by
Cem Resources Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,360,000
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 28, 2005
Sold by
Angus I Hines Inc
Bought by
National Glass Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.28%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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.

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ICE

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First American

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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.

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Average Value
Not Available
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
Novello Heather $2,340,000 --
Cem Resources Llc $450,000 Attorney
National Glass Llc $335,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mm Nsv Properties Llc $31,500,000
Previous Owner Cem Resources Llc $1,360,000
Previous Owner National Glass Llc $250,000
Previous Owner National Glass Llc $150,000
Previous Owner National Glass Llc $215,000
Source: Public Records

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 $18,043 $1,751,700 $901,700 $850,000
2023 $10,472 $1,016,700 $396,700 $620,000
2022 $7,147 $693,900 $396,700 $297,200
2021 $4,566 $443,300 $360,700 $82,600
2020 $4,331 $443,300 $360,700 $82,600
2019 $4,331 $437,500 $360,700 $76,800
2018 $4,331 $437,500 $360,700 $76,800
2017 $4,355 $439,900 $360,700 $79,200
2016 $4,355 $439,900 $360,700 $79,200
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Map

Virginia Franklin City County Franklin 23851

1663 Armory Dr, Franklin, VA

This home is located at 1663 Armory Dr, Franklin, VA 23851 and is currently priced at $2,633,678, approximately $967 per square foot. 1663 Armory Dr is a home located in Franklin City with nearby schools including S.P. Morton Elementary School, Joseph P. King Jr. Middle School, and Franklin 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.

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