NOT LISTED FOR SALE

181 Main St Reedville, VA 22539

Estimated Value: $846,194

Studio
1 Bath
6,540 Sq Ft
$129/Sq Ft Est. Value

Sale Details

Date Sold: April 5, 2019

Last sale price $525,000 $80 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $5,017 / mo

112 Days on Market

Highlights

  • Active Adult
  • No HOA
  • Ceramic Tile Flooring
  • High Ceiling
  • Patio
  • Heat Pump System

About This Home

As of April 2019

This is a nine-unit senior residence community in the heart of Reedville, VA. Each unit has 1 bedroom/1 bath with living room and small kitchen. Present owner replaced the roof in 2011; and has recently replaced all heat pumps, water heaters and kitchen stoves. Carpeting has been replaced (2016) in 7 units. Tenants subscribe to individual Dish TV service. Local part time manager ($400/mo) lives off-site. Building has a brick exterior and paved parking. Tenants are long-term - no vacancies. Recent survey for lot line adjustment has not been recorded yet.

Last Agent to Sell the Property

Frank Johnson

(434) 260-5355 kevin.wilberger@longandfoster.com LONG & FOSTER - CHARLOTTESVILLE License #0225068908[2282] Listed on: 10/21/2018

LONG & FOSTER - CHARLOTTESVILLE

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,266

Year Built

  • Built in 1957

Lot Details

  • 0.75

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • High Ceiling
  • Electric Oven or Range

Flooring

  • Carpet
  • Ceramic Tile

Schools

  • Northumberland Elementary And Middle School
  • Northumberland High School

Utilities

  • Heat Pump System
  • Heating System Powered By Owned Propane

Additional Features

  • Patio
  • 32,670 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for insurance, common area maintenance, management, trash collection, snow removal, real estate taxes, water

Community Details

Overview

  • Active Adult
  • No Home Owners Association
  • 9 Units
  • Active Adult | Residents must be 55 or older

Building Details

  • Operating Expense $2,033

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,266

Year Built

Built in 1957

Lot Details

0.75 Acres

Listing Details

  • Property Type: Multi-Family
  • Historic: No
  • Inclusions: 9 ranges, 9 refrigerators
  • New Construction: No
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator
  • Flooring Type: Carpet, Ceramic Tile
  • Fireplace: No
  • Wall Ceiling Types: High
  • Foundation Details: Slab
  • Price Per Sq Ft: 80.28

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Roof: Composite
  • Water Oriented: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Propane - Owned
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Community
  • Internet Services: Other

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community Age Requirement: 55
  • Senior Community: Yes

Schools

  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: NORTHUMBERLAND
  • High School: NORTHUMBERLAND
  • Middle Or Junior School: NORTHUMBERLAND

Lot Info

  • Lot Size Acres: 0.75
  • Outdoor Living Structures: Patio(s)
  • Zoning: R-1
  • Zoning Description: Residential General

Rental Info

  • Owner Pays: Insurance, Common Area Maintenance, Management, Trash Collection, Snow Removal, Taxes - Real Estate, Water
  • Tenant Pays: Electricity
  • Vacation Rental: No

Multi Family

  • Gross Income: 4995.00
  • Operating Expense: 2033.00
  • Other Units: Unit 1

Tax Info

  • Tax Annual Amount: 2266.00
  • Tax Year: 2017

MLS Schools

  • School District Name: NORTHUMBERLAND COUNTY PUBLIC SCHOOLS

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/05/2019 04/05/19 Sold $525,000 -24.5% $80 / Sq Ft
02/10/2019 02/10/19 Pending -- -- --
10/21/2018 10/21/18 For Sale $695,000 -- $106 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,180 $564,900 $100,000 $464,900
2024 $3,728 $564,900 $100,000 $464,900
2023 $3,267 $435,600 $100,000 $335,600
2022 $2,657 $435,600 $100,000 $335,600
2021 $2,657 $435,600 $100,000 $335,600
2020 $2,570 $435,600 $100,000 $335,600
2019 $2,388 $404,800 $75,000 $329,800
2018 $2,267 $404,800 $75,000 $329,800
2017 $2,267 $404,800 $75,000 $329,800
2016 $2,186 $404,800 $75,000 $329,800
2015 -- $404,800 $75,000 $329,800
2014 -- $404,800 $75,000 $329,800
2013 -- $449,900 $98,900 $351,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 582720

Bright MLS

APN: 38-B-1-0-118-B

Your Personal Tour Guide

Ask me questions while you tour the home.