NOT LISTED FOR SALE

1723 Elbert Dr Unit 1725 Roanoke, VA 24018

Estimated Value: $238,000 - $334,000

4 Beds
4 Baths
2,116 Sq Ft
$140/Sq Ft Est. Value

Last Sold June 01, 2018

Last sale price $155,000 $73 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $1,745/month

54 Days on Market

Highlights

  • No HOA
  • Oak Grove Elementary School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of June 2018

One of two brick duplexes listed for sale, located on adjacent lots in the heart of SW Roanoke County close to many amenities in the Hidden Valley school district. The properties are situated on a quiet cul de sac with beautiful mountain views and private backyards. Great Investment or owner occupant opportunity with steady cash flow and good rental history. Each unit has two bedrooms, one full bath, and and one half-bath. The units also offer large living rooms, dining room, and kitchen with dishwasher. Other features include separate forced air gas heat & central cooling, separate electric service, and off street parking available in front. Rents range between $750 and $800. Owner pays water/sewer only.

Co-Listed By

Matthew Zimmerman

WALDVOGEL COMMERCIAL PROPERTIES License #0225229039

Last Buyer's Agent

Krista Vannoy

WALDVOGEL COMMERCIAL PROPERTIES License #0225060152

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,767

Year Built

  • Built in 1972

Lot Details

  • 0.41 Acre Lot

Home Design

  • 2,116 Sq Ft Home
  • Duplex
  • Brick Exterior Construction
  • Slab Foundation

Parking

  • 4 Parking Spaces
  • Off-Site Parking

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 15 / 1

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Sugar Loaf Subdivision

Building Details

  • 2 Leased Units
  • Insurance Expense $550
  • Maintenance Expense $1,739
  • Water Sewer Expense $720
  • New Taxes Expense $1,767
  • Operating Expense $4,775
  • Gross Income $18,300
  • Net Operating Income $12,610

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,767

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Heating System: Forced Air Gas
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Central Cooling
  • ExpensesTaxExp: 1767.00
  • Major Area: 02 - Roanoke County
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 2.00
  • NumberVehicleSpaces: 4.00
  • Hoa2 Or Poa: No
  • SubdivisionMap: S Loaf Highlands
  • TotalAnnualExpen: 4775.00
  • Water Class: N/A
  • Water Heater Energy: Natural Gas
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Off Site

Utilities

  • Sewer Description: Public Sewer
  • Expenses Water Exp: 720.00
  • Water Description: Public Water
  • Water Heater Type: Tank

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.41
  • Lot: 15
  • Present Use: Built-As
  • ZoningCode: R2

Building Info

  • Year Built: 1972

Tax Info

  • Taxes (6 mo): 1767.00

Multi Family

  • Tenant Pays: Electricity, Gas
  • 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
Feb 28, 2018
Closed on
May 22, 2018
Sold by
Az Homes Llc
Bought by
Elbert Llc
Buyer's Agent
Krista Vannoy
WALDVOGEL COMMERCIAL PROPERTIES
List Price
$169,000
Sold Price
$155,000
Premium/Discount to List
-$14,000
-8.28%
Current Estimated Value
$296,475

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,475
Avg. Annual Appreciation
9.15%
Original Mortgage
$124,000
Outstanding Balance
$73,468
Interest Rate
4.4%
Mortgage Type
Commercial
Estimated Equity
$223,007

Purchase Details

Closed on
Dec 31, 2017
Sold by
Boxhoorn Lucille and Boxhoorn Susan M
Bought by
Az Homes Llc
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
Elbert Llc $155,000 Fidelity National Title
Az Homes Llc $125,000 Old Republic National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elbert Llc $124,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2018 06/01/18 Sold $155,000 -8.3% $73 / Sq Ft
04/23/2018 04/23/18 Pending -- -- --
02/28/2018 02/28/18 For Sale $169,000 -- $80 / 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 $2,284 $221,700 $60,000 $161,700
2024 $2,116 $203,500 $49,000 $154,500
2023 $1,903 $179,500 $39,000 $140,500
2022 $1,808 $165,900 $39,000 $126,900
2021 $1,764 $161,800 $39,000 $122,800
2020 $1,703 $156,200 $38,000 $118,200
2019 $1,717 $157,500 $38,000 $119,500
2018 $1,663 $162,100 $38,000 $124,100
2017 $1,663 $152,600 $38,000 $114,600
2016 $1,663 $152,600 $38,000 $114,600
2015 $1,654 $151,700 $38,000 $113,700
2014 $1,654 $151,700 $37,000 $114,700
Source: Public Records

Agents Affiliated with this Home

  • Matthew Zimmerman

    Seller Co-Listing Agent in 2018

    Matthew Zimmerman

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 759-1884

    38 Total Sales

    Matthew Zimmerman
    Section Image
  • Krista Vannoy

    Buyer's Agent in 2018

    Krista Vannoy

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 225-2490

    24 Total Sales

    Krista Vannoy
    Section Image
  • Michael Waldvogel

    Buyer Co-Listing Agent in 2018

    Michael Waldvogel

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 342-0800

    24 Total Sales

    Michael Waldvogel
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 845525

Roanoke Valley Association of REALTORS®

APN: 076.05-02-30

Virginia Roanoke County Roanoke 24018

1723 Elbert Dr Unit 1725, Roanoke, VA

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