NOT LISTED FOR SALE

1862 Cottontown Rd Forest, VA 24551

Estimated Value: $332,000 - $461,836

4 Beds
2 Baths
1,666 Sq Ft
$236/Sq Ft Est. Value

Last Sold July 08, 2022

Last sale price $210,000 $126 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $2,159/month

Highlights

  • Guest Parking
  • Forest Middle School Rated A-
  • Carpet

About This Home

As of July 2022

What a rarity! A duplex in Forest - enjoy low Bedford County taxes and Super convenient location. Buy this one or buy a pair as the duplex next door is for sale too at 1862 Cottontown Road. Long term, short term or traveling medical rental options create an incredible and desirable investment opportunity! Photos are of neighboring Unit at 1862A Cottontown which is available to see with notice. All others may be seen once we have a ratified contract. Please do not disturb other tenants - Thanks. Heat Pumps June 2016 and Nov 2012. Roof replaced 2020. Unit B Paint and stove 2022, toilet 2020. Septic pumped Aug 2021.

Last Agent to Sell the Property

Teresa Hudson

John Stewart Walker, Inc License #0225170883 Listed on: 05/27/2022

Last Buyer's Agent

Trevor Gillispie

Elite Realty - Graves Mill License #0225241780

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $736

Year Built

  • Built in 1989

Lot Details

  • 0.47 Acre Lot

Home Design

  • 1,666 Sq Ft Home

Flooring

  • Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • Guest Parking

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 10137500

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Water Meter
  • Insurance Expense $250
  • Maintenance Expense $300
  • Water Sewer Expense $45
  • New Taxes Expense $736

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$736

Year Built

Built in 1989

Lot Details

0

Listing Details

  • FILLACRES: 0.4700
  • Directions: Rt 221 to Cottontown Rd approx 1/2 mile on the left
  • Internet Providers: Shentel
  • Lot Measurement: Acres
  • Lot Sq Ft: 20473.00
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 10137500
  • Year Built: 1989
  • Heating System: Heat Pump
  • Unit Info Number Unfurnished Units: 2
  • Taxes Expense: 736.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: LIMERICK LOT 4 Tax Map 101C 15 4
  • Reciprocal Listing: No
  • Flooring: Carpet, Vinyl
  • Year Built Exception: 0

Garage/Parking

  • Parking: 2 Spaces/Unit, Guest Parking

Utilities

  • Utility Electric: American Electric
  • Cooling: Heat Pump
  • Sewer: Septic Tank
  • Hot Water: County
  • Water Heater: Electric
  • Number Of Water Meters: 1

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Fee Information

  • Insurance Expenses: 250.00

Schools

  • School District: Bedford
  • School District: Bedford

Lot Info

  • Lot Sq Ft: 1666.00
  • Zoning: R2

Rental Info

  • Types Of Leases: Other

Tax Info

  • Estimated Taxes: 736

Multi Family

  • Maintenance Expense: 300.00
  • Total Number Units: 2
  • Water Expense: 45.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2022
Closed on
Jun 23, 2022
Sold by
Sean L Shull Dc Pc
Bought by
Src Investment Holdings Llc
Seller's Agent
Teresa Hudson
John Stewart Walker, Inc
Buyer's Agent
Trevor Gillispie
Elite Realty - Graves Mill
List Price
$215,900
Sold Price
$210,000
Premium/Discount to List
-$5,900
-2.73%
Current Estimated Value
$393,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,959
Avg. Annual Appreciation
21.14%
Original Mortgage
$336,000
Outstanding Balance
$319,228
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$74,731

Purchase Details

Closed on
Dec 3, 2020
Sold by
Shull Sean L and Shull Teresa M
Bought by
Sean L Shull D C P C
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
Src Investment Holdings Llc $420,000 Henderson Ronald D
Sean L Shull D C P C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Src Investment Holdings Llc $336,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2022 07/08/22 Sold $210,000 -2.7% $126 / Sq Ft
05/27/2022 05/27/22 Pending -- -- --
05/27/2022 05/27/22 For Sale $215,900 -- $130 / Sq Ft
Source: Lynchburg 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 $810 $197,500 $55,000 $142,500
2024 $810 $197,500 $55,000 $142,500
2023 $810 $98,750 $0 $0
2022 $736 $73,600 $0 $0
2021 $736 $147,200 $45,000 $102,200
2020 $736 $147,200 $45,000 $102,200
2019 $736 $147,200 $45,000 $102,200
2018 $572 $110,000 $40,000 $70,000
2017 $572 $110,000 $40,000 $70,000
2016 $572 $110,000 $40,000 $70,000
2015 $572 $110,000 $40,000 $70,000
2014 $504 $97,000 $22,000 $75,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 338526

APN: 101C-15-4