NOT LISTED FOR SALE

1802 N Main St Danville, VA 24540

Estimated Value: $81,000 - $172,000

4 Beds
4 Baths
3,026 Sq Ft
$40/Sq Ft Est. Value

Last Sold January 27, 2021

Last sale price $53,610 $18 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $672/month

231 Days on Market

Highlights

  • 70 Acre Lot
  • Cooling Available
  • Boiler Heating System
  • Wood Flooring

About This Home

As of January 2021

One unit rents for $475.00/month with washer and dryer. Two units at $375.00 per month, each. Another unit at $450.00 per month. Apartment 1 all utilities paid by owner as the common's area utilities are on unit 1 meter. All units had been rented but Seller wanted freedom of showing; therefore, all units now vacant. Corner lot, adjacent property is nice brick church. One outside boiler/heat

Last Agent to Sell the Property

Anne Pritchett

WILKINS & CO., REALTORS, INC. License #0225160373 Listed on: 05/09/2020

Last Buyer's Agent

Julie Lee

WILKINS & CO., REALTORS, INC. License #0225246943

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $350

Year Built

  • Built in 1913

Lot Details

  • 70 Acre Lot

Home Design

  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 3,026 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • On-Street Parking
  • Open Parking
  • Parking Lot

Schools

  • Woodrow Wilson Elementary School
  • Bonner Middle School
  • GWHS High School

Utilities

  • Cooling Available
  • Boiler Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for heating, water
  • Assessor Parcel Number 04585

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $7,940
  • Gross Income $20,100
  • Net Operating Income $12,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$350

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Sub Type: Apartment House
  • Prop. Type: Residential Income
  • Lot Size Acres: 70
  • Lot Size: 70'X258'/0.42 Acres
  • Subdivision Name: No
  • Directions: Corner of N Main and Greenwich Ave., adjacent on other side to church. (No organized rent rolls for this property have been obtainable...daughter of owner lives out of town and does any check writing.)***********************PROPERTY IS BEING SOLD: "AS-IS/WHERE-IS"**************************************
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Year Built: 1913
  • Special Features: None

Interior Features

  • Appliances: One Bedroom Unit(Refrigerator,Range)
  • Owner Pays: Heating, Water
  • Total Bedrooms: 4
  • Flooring: Wall/Wall Carpet, Wood, Vinyl
  • Living Area: 3026

Exterior Features

  • Construction Type: Vinyl Siding
  • Exterior Features: None
  • Property Condition: 75 Plus Years Old
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Parking Lot, On Street

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Natural Gas, Boiler
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Woodrow Wilson
  • High School: Gwhs
  • Middle Or Junior School: Bonner

Lot Info

  • Lot Size Sq Ft: 3049200
  • Parcel #: 04585
  • Zoning: OTR
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Month To Month

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 20100
  • Property Net Operating Income: 12160
  • Annual Operating Expense: 7940
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 350.28
  • Tax Book Number: W18/D686

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2020
Closed on
Jan 27, 2021
Sold by
Jones Austin E and Jones Scott Hunter
Bought by
Ingram Mary
Seller's Agent
Anne Pritchett
WILKINS & CO., REALTORS, INC.
Buyer's Agent
Julie Lee
WILKINS & CO., REALTORS, INC.
List Price
$57,900
Sold Price
$53,610
Premium/Discount to List
-$4,290
-7.41%
Current Estimated Value
$119,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,057
Avg. Annual Appreciation
18.63%
Original Mortgage
$50,930
Outstanding Balance
$45,528
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$74,139
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
Ingram Mary $53,610 All Virginia Title
Ingram Mary $44,000 All Virginia Title & Esc Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ingram Mary $50,930
Closed Ingram Mary $50,930
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2021 01/27/21 Sold $53,610 -7.4% $18 / Sq Ft
12/28/2020 12/28/20 Pending -- -- --
05/10/2020 05/10/20 For Sale $57,900 -- $19 / Sq Ft
Source: Dan River Region 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 $441 $53,100 $4,000 $49,100
2023 $370 $44,100 $4,000 $40,100
2022 $369 $43,900 $4,000 $39,900
2021 $370 $44,000 $4,000 $40,000
2020 $370 $44,000 $4,000 $40,000
2019 $350 $41,700 $4,000 $37,700
2018 $334 $41,700 $4,000 $37,700
2017 $330 $41,200 $6,000 $35,200
2016 $301 $41,200 $6,000 $35,200
2015 $296 $40,600 $6,000 $34,600
2014 $296 $40,600 $6,000 $34,600
Source: Public Records

Agents Affiliated with this Home

  • Anne Pritchett

    Seller's Agent in 2021

    Anne Pritchett

    WILKINS & CO., REALTORS, INC.

    (434) 793-0837

    46 Total Sales

    Anne Pritchett
    Section Image

  • J

    Buyer's Agent in 2021

    Julie Lee

    WILKINS & CO., REALTORS, INC.

    (434) 797-4007

    81 Total Sales

    Julie Lee
    Section Image
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Map

Source: Dan River Region Association of REALTORS®

MLS Number: 60908

APN: 04585

Virginia Danville City County Danville 24540

1802 N Main St, Danville, VA

This home is located at 1802 N Main St, Danville, VA 24540 since 09 May 2020 and is currently estimated at $119,667, approximately $39 per square foot. This property was built in 1913. 1802 N Main St is a home located in Danville City with nearby schools including Building Blocks Center for Children with Autism, White Oak School, and Epiphany Episcopal School.

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