NOT LISTED FOR SALE

18 Storey Creek Ln Unit 18 & 28 Rocky Mount, VA 24151

Estimated Value: $224,000 - $340,000

4 Beds
2 Baths
1,440 Sq Ft
$187/Sq Ft Est. Value

Last Sold October 31, 2012

Last sale price $85,000 $59 Per Sq Ft

Est. 218% increase in value since last sale

Current estimated payment $1,577/month

286 Days on Market

About This Home

As of October 2012

Building is sound. Excellent location & minutes from Rocky Mount. Lease rates should be increased. Owner says make offer.

Last Agent to Sell the Property

Tricia Johnson

PROPERTY NAVIGATORS LLC License #0225079258 Listed on: 12/14/2011

Co-Listed By

Manley Johnson

PROPERTY NAVIGATORS LLC License #0225245570

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $750

Year Built

  • Built in 1982

Lot Details

  • 0.54

Parking

  • 4 Parking Spaces

Home Design

  • 1,440 Sq Ft Home
  • Duplex
  • Slab Foundation

Schools

  • Rocky Mount Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Utilities

  • No Cooling
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for cable TV, deposit, electricity
  • Tax Lot 9B

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Insurance Expense $426
  • Water Sewer Expense $360
  • New Taxes Expense $507
  • Operating Expense $1,293
  • Gross Income $8,700
  • Net Operating Income $7,407

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$750

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Heating System: Baseboard Electric
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: No Cooling System
  • ExpensesTaxExp: 507.00
  • Major Area: 04 - Franklin County
  • MiscellaneousInfoPublicTransport: No
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 2.00
  • NumberVehicleSpaces: 4.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2012-09-25
  • SubdivisionMap: STORY CREEK ACRES
  • TotalAnnualExpen: 1293.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Private Septic
  • Expenses Water Exp: 360.00
  • Water Description: Community System

Schools

  • Elementary School: Rocky Mount Elementary
  • Middle School: Ben Franklin Middle
  • High School: Franklin County

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Lot: 9B
  • Present Use: Built-As

Building Info

  • Year Built: 1982

Tax Info

  • Taxes (6 mo): 750.00
  • FILLTAXID: 072-05-030.01

Multi Family

  • Tenant Pays: Cable TV, Deposit, Electricity
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: Rocky Mount Elementary
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2011
Closed on
Oct 4, 2012
Sold by
Bergeson Michael
Bought by
Burnett Christian E
Seller's Agent
Tricia Johnson
PROPERTY NAVIGATORS LLC
List Price
$89,900
Sold Price
$85,000
Premium/Discount to List
-$4,900
-5.45%
Total Days on Market
286
Current Estimated Value
$269,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,927
Avg. Annual Appreciation
9.32%

Purchase Details

Closed on
Jun 27, 2006
Sold by
Snead John Wesley
Bought by
Bergeson Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,000
Interest Rate
7.12%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Burnett Christian E $85,000 None Available
Bergeson Michael -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burnett Christian E $13,676
Previous Owner Bergeson Michael D $71,000
Previous Owner Bergeson Michael $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2012 10/31/12 Sold $85,000 -5.5% $59 / Sq Ft
09/25/2012 09/25/12 Pending -- -- --
12/14/2011 12/14/11 For Sale $89,900 -- $62 / 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
2024 $884 $205,500 $30,000 $175,500
2023 $662 $108,600 $23,000 $85,600
2022 $662 $108,600 $23,000 $85,600
2021 $662 $108,600 $23,000 $85,600
2020 $662 $108,600 $23,000 $85,600
2019 $598 $98,100 $23,000 $75,100
2018 $598 $98,100 $23,000 $75,100
2017 $540 $95,000 $21,000 $74,000
2016 $540 $95,000 $21,000 $74,000
2015 -- $95,000 $21,000 $74,000
2014 -- $95,000 $21,000 $74,000
2013 -- $95,000 $21,000 $74,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 777120

Roanoke Valley Association of REALTORS®

APN: 0720503001