$1,980,000
SOLD MAR 21, 2025

17 Laurel Gate Cir Martinsville, VA 24112

72 Beds
36 Baths
30,000 Sq Ft
3.8 Acres

Recently Sold

$66 Per Sq Ft

1% Below List Price

114 Days on Market

Highlights

  • Cooling Available
  • Forced Air Heating System
  • Wall to Wall Carpet

About This Home

As of March 2025

COMP PURPOSES ONLY. 36 Unit apartments, 3 buildings.

Last Agent to Sell the Property

Elle Wilk

HAUSER REALTY GROUP Brokerage Email: 4347923000, kellihauser@comcast.net License #0225047347 Listed on: 10/28/2024

Last Buyer's Agent

Kelly Jones

HAUSER REALTY GROUP License #0225213465

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,986

Year Built

  • Built in 1971

Lot Details

  • 3.8 Acre Lot

Parking

  • Parking Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 30,000 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 72 Bedrooms
  • 36 Bathrooms

Schools

  • Axton Elementary School
  • Laurel Park Middle School
  • Magna Vista High School

Utilities

  • Cooling Available
  • Forced Air Heating System

Listing and Financial Details

  • The owner pays for water, sewer, trash collection, management
  • Assessor Parcel Number 44,.4(000)001j

Community Details

Overview

  • 36 Units
  • Martinsville Subdivision

Building Details

  • Insurance Expense $1,500
  • Maintenance Expense $1,000
  • Water Sewer Expense $65
  • New Taxes Expense $400
  • Operating Expense $30,000
  • Gross Income $280,800
  • Net Operating Income $2,508,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,986

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Sub Type: Apartment House
  • Prop. Type: Residential Income
  • Lot Size Acres: 3.8
  • Road Surface Type: Paved
  • Subdivision Name: Martinsville
  • Directions: From Danville, West on Rte 58, R @ Laurel Park Ave, R @ Laurel Gate Circle
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Year Built: 1971
  • Attribution Contact: 4347923000, kellihauser@comcast.net
  • Special Features: None

Interior Features

  • Appliances: Two Bedrom Unit(Refrigerator,Range)
  • Owner Pays: Water, Sewer, Trash Collection, Management
  • Total Bedrooms: 72
  • Flooring: Wall/Wall Carpet, Vinyl
  • Living Area: 30000

Exterior Features

  • Construction Type: Brick
  • Property Condition: 41 to 75 Years Old
  • Roof: 11 to 15 Years Old

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 65

Schools

  • Elementary School: Axton
  • High School: Magna Vista
  • Middle Or Junior School: Laurel Park

Lot Info

  • Lot Size Sq Ft: 165528
  • Parcel #: 44,.4(000)001j
  • Zoning: S-R Suburban Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Month To Month

Multi Family

  • Number Of Units Total: 36
  • Annual Gross Income: 280800
  • Insurance Expense: 1500
  • Maintenance Expense: 1000
  • Property Net Operating Income: 2508000
  • Annual Operating Expense: 30000
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • New Taxes Expense: 400
  • Tax Annual Amount: 4986
  • Tax Book Number: 2200/050

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/21/2025 03/21/25 Sold $1,980,000 -1.0% $66 / Sq Ft
02/19/2025 02/19/25 Pending -- -- --
10/28/2024 10/28/24 For Sale $2,000,000 +35.6% $67 / Sq Ft
12/14/2022 12/14/22 Sold $1,475,000 +13.5% $98 / Sq Ft View Prior Sale
09/20/2022 09/20/22 Pending -- -- --
09/01/2022 09/01/22 For Sale $1,300,000 -- $87 / Sq Ft
Source: Dan River Region Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Elle Wilk

    Seller's Agent in 2025

    Elle Wilk

    HAUSER REALTY GROUP

    (276) 340-5861

    35 Total Sales

    Elle Wilk
    Section Image

  • K

    Buyer's Agent in 2025

    Kelly Jones

    HAUSER REALTY GROUP

    (434) 792-3000

    65 Total Sales

    Kelly Jones
    Section Image
  • Jay Johnston

    Seller's Agent in 2022

    Jay Johnston

    WILKINS & CO., REALTORS, INC.

    (434) 770-3587

    84 Total Sales

    Jay Johnston
    Section Image

  • C

    Buyer's Agent in 2022

    Catherine Johnston

    WILKINS & CO., REALTORS, INC.

    (434) 797-4007

    53 Total Sales

    Catherine Johnston
    Section Image
See All Agents

Map

Source: Dan River Region Association of REALTORS®

MLS Number: 74033

APN: 157570002

Virginia Henry County Martinsville 24112

17 Laurel Gate Cir, Martinsville, VA

Sold

MultiFamily

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