NOT LISTED FOR SALE

1702 Elbert Dr Unit 1702 & 1704 Roanoke, VA 24018

Estimated Value: $392,614 - $402,000

6 Beds
4 Baths
3,168 Sq Ft
$125/Sq Ft Est. Value

Last Sold June 30, 2020

Last sale price $232,000 $73 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $2,333/month

79 Days on Market

Highlights

  • No HOA
  • Oak Grove Elementary School Rated A-
  • Central Air

About This Home

As of June 2020

With two large 3 BR 2.5 BA townhouse style units, this well maintained brick/vinyl duplex is situated on the end of a cul de sac on a quiet street in desirable SW County. Both apartments feature open floor plans on the lower level, complete with updated fixtures and finishes, eat-in kitchens with islands and first floor half baths. Upstairs consists of a large master suite with full bath and two additional bedrooms plus full hall bath with tub. Each unit also boasts a private back deck with breathtaking views of the mountains and private backyard overlooking an apple orchard. Electric is separate with central HVAC. Owner pays water/sewer only.

Last Agent to Sell the Property

Matthew Zimmerman

WALDVOGEL COMMERCIAL PROPERTIES License #0225229039 Listed on: 03/05/2020

Co-Listed By

Jason Fountain

VRC PROPERTIES LLC License #0225077081

Last Buyer's Agent

Matthew Zimmerman

WALDVOGEL COMMERCIAL PROPERTIES License #0225229039 Listed on: 03/05/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,081

Year Built

  • Built in 1970

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 250x60

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 3,168 Sq Ft Home
  • Crawl Space

Schools

  • Oak Grove Elementary School
  • Hidden Valley Middle School
  • Hidden Valley High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heating
  • Legal Lot and Block 10 / 1

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Operating Expense $8,349
  • Gross Income $20,400
  • Net Operating Income $12,051

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,081

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Crawl Space
  • Cooling System: Central Cooling
  • Major Area: 02 - Roanoke County
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 2.00
  • Hoa2 Or Poa: No
  • TotalAnnualExpen: 8349.00
  • Water Class: N/A
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Street

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water

Lot Info

  • Lot Dimensions: 250x60
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.37
  • Lot: 10
  • Phase: 1

Building Info

  • Year Built: 1970

Tax Info

  • Taxes (6 mo): 2080.81

Multi Family

  • Tenant Pays: Air Conditioning, Electricity, Heating
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: Oak Grove
  • HighSchool: Hidden Valley
  • Middle School: Hidden Valley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2020
Closed on
Jul 13, 2020
Sold by
Ramu Santosh T and Ponnada Suresh
Bought by
Grandin Holding Llc
Seller's Agent
Matthew Zimmerman
WALDVOGEL COMMERCIAL PROPERTIES
Buyer's Agent
Matthew Zimmerman
WALDVOGEL COMMERCIAL PROPERTIES
List Price
$249,950
Sold Price
$232,000
Premium/Discount to List
-$17,950
-7.18%
Current Estimated Value
$397,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,404
Avg. Annual Appreciation
10.63%
Original Mortgage
$174,000
Outstanding Balance
$154,578
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$242,826

Purchase Details

Listed on
Mar 5, 2020
Closed on
Jun 29, 2020
Sold by
Southern Estates Llc
Bought by
Ramu Santosh T and Ponnada Suresh
Seller's Agent
Matthew Zimmerman
WALDVOGEL COMMERCIAL PROPERTIES
Buyer's Agent
Matthew Zimmerman
WALDVOGEL COMMERCIAL PROPERTIES
List Price
$249,950
Sold Price
$232,000
Premium/Discount to List
-$17,950
-7.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,000
Outstanding Balance
$154,578
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$242,826

Purchase Details

Closed on
Nov 27, 2018
Sold by
Sexton James R and Sexton Carol W
Bought by
Southern Estates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2018
Sold by
Sexton James R
Bought by
Sexton James R and Sexton Carol W
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Grandin Holding Llc -- Virginia Title Center Llc
Ramu Santosh T $232,000 Virginia Title Center
Southern Estates Llc $170,000 First Choice Title & Settlem
Sexton James R -- American Title & Settlement
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramu Santosh T $174,000
Previous Owner Southern Estates Llc $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2020 06/30/20 Sold $232,000 -7.2% $73 / Sq Ft
05/23/2020 05/23/20 Pending -- -- --
03/05/2020 03/05/20 For Sale $249,950 -- $79 / Sq Ft
Source: Roanoke Valley 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 $2,989 $290,200 $60,000 $230,200
2024 $2,798 $269,000 $49,000 $220,000
2023 $2,574 $242,800 $39,000 $203,800
2022 $2,507 $230,000 $39,000 $191,000
2021 $2,439 $223,800 $39,000 $184,800
2020 $2,081 $190,900 $38,000 $152,900
2019 $2,109 $193,500 $38,000 $155,500
2018 $2,073 $200,300 $38,000 $162,300
2017 $2,073 $190,200 $38,000 $152,200
2016 $2,073 $190,200 $38,000 $152,200
2015 $2,037 $186,900 $38,000 $148,900
2014 $2,042 $187,300 $37,000 $150,300
Source: Public Records

Agents Affiliated with this Home

  • Matthew Zimmerman

    Seller's Agent in 2020

    Matthew Zimmerman

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 759-1884

    38 Total Sales

    Matthew Zimmerman
    Section Image
  • Jason Fountain

    Seller Co-Listing Agent in 2020

    Jason Fountain

    VRC PROPERTIES LLC

    (540) 354-6456

    54 Total Sales

    Jason Fountain
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 867482

Roanoke Valley Association of REALTORS®

APN: 076.05-02-25

Virginia Roanoke County Roanoke 24018

1702 Elbert Dr Unit 1702 & 1704, Roanoke, VA

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