$80,000
SOLD JAN 31, 2025

1670 Blue Ridge Yacht Club Rd Bassett, VA 24055

2 Beds
1 Bath
1,024 Sq Ft
5.14 Acres

Recently Sold

$78 Per Sq Ft

34% Above List Price

8 Days on Market

Highlights

  • Secluded Lot
  • 1 Fireplace
  • Views
  • Main Floor Bedroom
  • Porch
  • Baseboard Heating

About This Home

As of January 2025

Nestled on over 5 acres in the heart of scenic Bassett, Virginia, this enchanting cottage borders the U.S. Army Corps of Engineers land, leading you to the peaceful waters of Philpott Lake—Virginia's cleanest lake. Tucked away from the world, this storybook retreat offers a secluded haven with a charming 2-bedroom, 1-bath cottage filled with endless potential, inviting you to bring your fairytale vision to life. Concrete steps lead up to the cottage door, evoking a sense of timeless charm and adventure. Constructed with sturdy block walls and a solid concrete foundation, the cottage features a cozy enclosed porch with a wooden ceiling, setting a scene straight out of Snow White. Inside, follow the painted "yellow brick road" that winds playfully along the floor, adding a whimsical touch to this enchanted space, and guiding you to the living room where you'll find the warm hardwood paneling wrapping the open living room. A wide, cleared path winds through the woods to the edge of the lake's cove, creating a gentle journey to waters where nature reigns supreme. This magical property is being sold “as is,” inviting those with a heart for adventure and a vision for transformation. Schedule your showing today and step into your own happily-ever-after in the woods! Public water connection is available at the road. Deadline for written offers is 11/21/2024 at 5pm EST.

Last Agent to Sell the Property

Carrie Kendrick

KW Martinsville Brokerage Phone: 2767887653 License #0225263657 Listed on: 11/13/2024

KW Martinsville

Last Buyer's Agent

Non Member Office

Non Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $202

Year Built

  • Built in 1754

Lot Details

  • 5.14 Acre Lot
  • Secluded Lot

Home Design

  • Slab Foundation
  • Composition Roof
  • Block Exterior

Interior Spaces

  • 1,024 Sq Ft Home
  • 1 Fireplace
  • Washer and Dryer Hookup
  • Property Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Porch

Utilities

  • No Cooling
  • Baseboard Heating
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • Bassett Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$202

Year Built

Built in 1754

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Subdivision Name: Bassett
  • Carport Y N: No
  • Garage Yn: No
  • Year Built: 1754
  • Attribution Contact: 2767887653
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Other Equipment: No Farm Equipment
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: 1, Electric
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Other
  • Interior Amenities: 1st Floor Bedroom, Other
  • Living Area: 1024

Exterior Features

  • Lot Features: Secluded, Views
  • Waterfront Features: Other Surface Water
  • Home Warranty: No
  • Construction Type: Block
  • Foundation Details: Slab
  • Patio And Porch Features: Porch
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: None

Utilities

  • Laundry Features: Dryer Hookup, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Water Available, Utilities Off
  • Water Source: Well

Lot Info

  • Lot Size Sq Ft: 223898.4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2024
Closed on
Jan 23, 2025
Sold by
Vipperman Darren Nicholas
Bought by
Aj1 Re Llc
Seller's Agent
Carrie Kendrick
KW Martinsville
Buyer's Agent
Non Member Office
Non Member Office
List Price
$59,900
Sold Price
$80,000
Premium/Discount to List
$20,100
33.56%
Views
74
Current Estimated Value
$76,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,053
Avg. Annual Appreciation
-15.52%
Original Mortgage
$119,000
Outstanding Balance
$118,689
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
-$46,022
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $80,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $119,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $80,000 +33.6% $78 / Sq Ft
11/22/2024 11/22/24 Pending -- -- --
11/13/2024 11/13/24 For Sale $59,900 -- $58 / Sq Ft
Source: Martinsville, Henry & Patrick Counties 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
2024 $202 $36,400 $5,200 $31,200
2023 $202 $36,400 $5,200 $31,200
2022 $202 $36,400 $5,200 $31,200
2021 $202 $36,400 $5,200 $31,200
2020 $202 $36,400 $5,200 $31,200
2019 $202 $36,400 $5,200 $31,200
2018 $20,202 $36,400 $5,200 $31,200
2017 $20,202 $36,400 $5,200 $31,200
2016 $18,886 $38,700 $5,200 $33,500
2015 $18,886 $38,700 $5,200 $33,500
2014 -- $38,700 $5,200 $33,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Martinsville, Henry & Patrick Counties Association of REALTORS®

MLS Number: 144220

APN: 165220002