$429,000
SOLD APR 1, 2020

1702 Colby Dr Forest, VA 24551

5 Beds
3 Baths
2,940 Sq Ft
0.45 Acres

Recently Sold

$146 Per Sq Ft

134 Days on Market

Highlights

  • Contemporary Architecture
  • Main Floor Bedroom
  • Laundry Room
  • Forest Middle School Rated A-
  • Tennis Courts
  • 1-minute walk to The Flag Pole

About This Home

As of August 2022

Award Winning Floor Plan! Gorgeous NEW CONSTRUCTION in desirable Somerset Meadows sub-division of Forest. Main level living at it's finest. Open floor plan has over 2100 sq feet on the main level with two huge family/gathering rooms. A stunning chef's kitchen with granite and stainless appliances, and large master suite with tray ceilings and much more!. This home has a huge, private covered back porch that looks over acres of private common space. Two more nice size bedrooms on the main level with a shared bathroom. Upstairs has two large bedrooms with full bath. Do not miss this opportunity to own one of the last new construction homes in this neighborhood. Still some time to make a few choices also. Inside pictures are of similar construction by builder CALL NOW!

Last Agent to Sell the Property

Jeffrey Sims

Legacy Realty and Development License #0225215227 Listed on: 10/16/2019

Co-Listed By

Cary Sims

Legacy Realty and Development License #0225202019

Last Buyer's Agent

Nadine Blakely

Re/Max 1st Olympic License #0225103715

Re/Max 1st Olympic

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,800

Year Built

  • Built in 2019

Lot Details

  • 0.45 Acre Lot
  • Landscaped

HOA Fees

  • $25 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2,940 Sq Ft Home
  • 1.5-Story Property
  • Attic Access Panel

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Bathtub Includes Tile Surround
  • Garden Bath

Laundry

  • Laundry Room
  • Laundry on main level

Parking

  • 2 Car Attached Garage
  • Driveway

Schools

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

Utilities

  • Heat Pump System
  • Gas Water Heater
  • Cable TV Available

Community Details

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,800

Year Built

Built in 2019

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • FILLACRES: 0.4500
  • AssocFeeOptional: Required
  • Directions: Somerset Meadows to Colby
  • Lot Measurement: Acres
  • Lot Sq Ft: 19602.00
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • Year Built: 2019
  • Heating System: Heat Pump
  • Building Stories: One and One Half
  • Dwelling Styles: Contemporary
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 0.000 x 0.000
  • Masterbedroom Area: 270.000000
  • Master Bedroom Dim: 18.000 x 15.000
  • Masterbedroom Len: 18.000
  • Masterbedroom Wid: 15.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 3.00
  • Bathrooms Display: 3 (3 0)
  • Lower Floor 1 Bedrooms: 5
  • Broker Approved: Yes
  • High School2: Jefferson Forest-HS
  • Legal Description: SOMERSET MEADOWS SEC 8 LT 222 PB 48/79
  • Middle School2: Forest Midl
  • Reciprocal Listing: No
  • Second Bedroom: 14x12 Level: Level 1 Above Grade
  • Second Bedroom Area: 168.000000
  • Third Bedroom: 13x12 Level: Level 1 Above Grade
  • Third Bedroom Area: 156.000000
  • Fourth Bedroom: 18x15 Level: Level 2 Above Grade
  • Fourth Bedroom Area: 270.000000
  • Fifth Bedroom: 12x12 Level: Level 2 Above Grade
  • Fifth Bedroom Area: 144.000000
  • Above Grade Finished Sq Ft: 2940.00
  • ApplianceConvey: Dishwasher, Microwave, Range-Elec, Refrigerator
  • Has Attic: Access
  • Has Basement: Slab
  • Breakfast Area: 1x0 Level:
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Year Built Exception: 0
  • Family Room: 30x18 Level: Level 1 Above Grade
  • Formal Dining: 12x14 Level: Level 1 Above Grade
  • Level 1 Full Bathrooms: 2
  • Level 2 Full Bathrooms: 1
  • Great Room: 21x16 Level: Level 1 Above Grade
  • Interior Amenities: Cable Available, Cable Connections, Garden Tub, Main Level Bedroom, Master Bed w/ Bath, Pantry, Tile Bath(s)
  • Dining Kitchen: 18x11 Level: Level 1 Above Grade
  • Laundry: Main Level, Separate Laundry Rm.
  • Master Bedroom: 18x15 Level: Level 1 Above Grade
  • FamilyRoom Area: 540.000000
  • GreatRoom Area: 336.000000
  • Livinggreat Room Dim: 21.000 x 16.000
  • Kitchen Area: 198.000000
  • 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

  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Concrete Drive, Landscaped, Tennis Courts Nearby
  • Patio: 20x20 Level: Level 1 Above Grade

Garage/Parking

  • Attached Garage: 2 Car
  • Garage Dim: 0.000 x 0.000

Utilities

  • Utility Electric: AEP/Appalachian Powr
  • Air Conditioner: Heat Pump
  • Sewer: County
  • Hot Water: County
  • Water Heater: Gas

Condo/Co-op/Association

  • HOA Fee Frequency: Yearly
  • HOA: Lynchburg Board of Realtors
  • Association Fee: 300.00

Schools

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

Lot Info

  • Lot Sq Ft: 2940.00

Tax Info

  • Estimated Taxes: 1800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2022
Closed on
Jul 27, 2022
Sold by
Subosits Stephen G and Subosits Lori A
Bought by
Kramer Daniel J
Seller's Agent
Michelle Wingo Stebbings
Century 21 ALL-SERVICE-FOR
Buyer's Agent
Lauren Bell
Lauren Bell Real Estate, Inc.
List Price
$549,900
Sold Price
$560,000
Premium/Discount to List
$10,100
1.84%
Current Estimated Value
$684,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,586
Avg. Annual Appreciation
5.67%
Original Mortgage
$532,000
Outstanding Balance
$513,042
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$147,750

Purchase Details

Closed on
Sep 25, 2018
Sold by
Samdanben Land Development Llc
Bought by
Equity Enterprises 1984 Llc

Purchase Details

Closed on
Jun 30, 2014
Sold by
Cadssidy Randy S and Cassidy Tiffany
Bought by
Samdanben Land Development Llc

Purchase Details

Closed on
Oct 14, 2011
Sold by
Somerset Farms Llc
Bought by
Cassidy Randy S and Cassidy Tiffany
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 $560,000 Chicago Title
Warranty Deed $55,000 Covenant Real Estate Svcs
Deed $28,000 Fidelity National Title Ins
Deed $16,800 Fidelity National
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $532,000 New Conventional
Previous Owner $263,848 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2022 08/05/22 Sold $560,000 +1.8% $190 / Sq Ft
07/05/2022 07/05/22 Pending -- -- --
06/23/2022 06/23/22 For Sale $549,900 +28.2% $187 / Sq Ft
04/01/2020 04/01/20 Sold $429,000 0.0% $146 / Sq Ft
02/27/2020 02/27/20 Pending -- -- --
10/16/2019 10/16/19 For Sale $429,000 -- $146 / Sq Ft
Source: Lynchburg 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 $2,374 $579,100 $70,000 $509,100
2024 $2,374 $579,100 $70,000 $509,100
2023 $2,374 $289,550 $0 $0
2022 $2,071 $207,100 $0 $0
2021 $2,071 $414,200 $60,000 $354,200
2020 $275 $55,000 $55,000 $0
2019 $275 $55,000 $55,000 $0
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

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 321551

APN: 153-29-222