NOT LISTED FOR SALE

1724 Elbert Dr Unit 1726 Roanoke, VA 24018

Estimated Value: $388,000 - $433,000

6 Beds
6 Baths
4,080 Sq Ft
$100/Sq Ft Est. Value

Last Sold November 25, 2020

Last sale price $268,000 $66 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $2,435/month

57 Days on Market

Highlights

  • No HOA
  • Breakfast Area or Nook
  • Views
  • Oak Grove Elementary School Rated A-
  • Walk-In Closet
  • Ceiling Fan

About This Home

As of November 2020

Great investment opportunity. A duplex located in award-winning school district. 3 bedrooms, 2 1/2 baths with full basement and garage for each unit. New roof (May 2018) and HVAC (May 2015) for both. The units are under lease with excellent tenants. The current rent is $1,000 for each unit. Even better, this sale includes an adjacent 0.855 acre lot.

Last Agent to Sell the Property

Wei Li Chow

LICHTENSTEIN ROWAN, REALTORS(r) License #0225208598 Listed on: 07/15/2020

Last Buyer's Agent

Diana Shanklin

BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN License #0225229912

BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,905

Year Built

  • Built in 1995

Lot Details

  • 1.34 Acre Lot

Home Design

  • Duplex

Interior Spaces

  • Walk-In Closet
  • 4,080 Sq Ft Home
  • Ceiling Fan
  • Breakfast Area or Nook
  • Property Views

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

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

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, heating
  • Legal Lot and Block 8A & 9A / 1

Community Details

Overview

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

Building Details

  • 2 Leased Units
  • 2 Furnished Units
  • Electric Expense $101
  • Insurance Expense $659
  • Maintenance Expense $1,440
  • Water Sewer Expense $818
  • New Taxes Expense $2,904
  • Operating Expense $5,922
  • Net Operating Income $17,718

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,905

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Interior Features: Breakfast Area, Ceiling Fan, Walk-in-Closet
  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Walkout - Full
  • Cooling System: Heat Pump Electric
  • Views: Sunrise
  • ExpensesTaxExp: 2904.00
  • Internet Access: Cable
  • Major Area: 02 - Roanoke County
  • MiscellaneousInfoPublicTransport: No
  • NumberLeasedUnits: 2.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2020-09-10
  • TotalAnnualExpen: 5922.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Expenses Water Exp: 818.00
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Amenities Common: Cable TV

Schools

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

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 1.34
  • Lot: 8A & 9A
  • Present Use: Built-As
  • ZoningCode: R12

Rental Info

  • Number Furnished: 2.00

Building Info

  • Year Built: 1995

Tax Info

  • Taxes (6 mo): 2905.00
  • FILLTAXID: 076.05-02-23-00-0000&076.05-02-24-00-0000

Multi Family

  • Lease Type: One Year
  • Tenant Pays: Cable TV, 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
Jul 15, 2020
Closed on
Nov 24, 2020
Sold by
Comfort Homes Realty Group Llc
Bought by
Slack Ronald
Seller's Agent
Wei Li Chow
LICHTENSTEIN ROWAN, REALTORS(r)
Buyer's Agent
Diana Shanklin
BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN
List Price
$277,388
Sold Price
$268,000
Premium/Discount to List
-$9,388
-3.38%
Current Estimated Value
$408,088

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,088
Avg. Annual Appreciation
8.90%
Original Mortgage
$241,200
Outstanding Balance
$215,123
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$192,965

Purchase Details

Closed on
Sep 25, 2014
Sold by
Chow Wel Li and Chow Wel L
Bought by
Comfort Homes Realty Group Llc

Purchase Details

Closed on
Apr 29, 2010
Sold by
Patterson Richard A
Bought by
Chow Wei L
Source: Public Records

Range of Values:

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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
Slack Ronald $268,000 Sage Title Group
Comfort Homes Realty Group Llc -- None Available
Chow Wei L $244,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Slack Ronald $241,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/25/2020 11/25/20 Sold $268,000 -3.4% $66 / Sq Ft
09/10/2020 09/10/20 Pending -- -- --
07/15/2020 07/15/20 For Sale $277,388 -- $68 / 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 $3,534 $343,100 $60,000 $283,100
2024 $3,324 $319,600 $49,000 $270,600
2023 $2,894 $273,000 $39,000 $234,000
2022 $2,730 $250,500 $39,000 $211,500
2021 $2,656 $243,700 $39,000 $204,700
2020 $2,594 $238,000 $38,000 $200,000
2019 $2,441 $223,900 $38,000 $185,900
2018 $2,397 $230,400 $38,000 $192,400
2017 $2,397 $219,900 $38,000 $181,900
2016 $2,397 $219,900 $38,000 $181,900
2015 $2,354 $216,000 $38,000 $178,000
2014 $2,349 $215,500 $37,000 $178,500
Source: Public Records

Agents Affiliated with this Home

  • Wei Li Chow

    Seller's Agent in 2020

    Wei Li Chow

    LICHTENSTEIN ROWAN, REALTORS(r)

    (540) 892-6888

    23 Total Sales

    Wei Li Chow
    Section Image

  • D

    Buyer's Agent in 2020

    Diana Shanklin

    BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN

    (540) 904-8962

    27 Total Sales

    Diana Shanklin
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 871320

Roanoke Valley Association of REALTORS®

APN: 076.05-02-23

Virginia Roanoke County Roanoke 24018

1724 Elbert Dr Unit 1726, Roanoke, VA

This home is located at 1724 Elbert Dr Unit 1726, Roanoke, VA 24018 since 15 July 2020 and is currently estimated at $408,088, approximately $100 per square foot. This property was built in 1995. 1724 Elbert Dr Unit 1726 is a home located in Roanoke County with nearby schools including Oak Grove Elementary School, Hidden Valley Middle School, and Hidden Valley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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