NOT LISTED FOR SALE

194 Melwood Dr Madison Heights, VA 24572

Estimated Value: $282,080 - $326,000

5 Beds
2.5 Baths
2,027 Sq Ft
$147/Sq Ft Est. Value

Last Sold February 16, 2024

Last sale price $270,000 $133 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,649/month

56 Days on Market

Highlights

  • Laundry Room
  • Outdoor Storage
  • High Speed Internet
  • En-Suite Primary Bedroom
  • Vinyl Plank Flooring

About This Home

As of February 2024

Beautiful 5 Bedroom home with additional office in Madison Heights in a quiet neighborhood under 300k!!! The main level has 3 bedrooms with 1 being a master with full ensuite bathroom, a beautiful living room and kitchen with granite counters. The lower level has 3 additional bedrooms, 2nd living room, half bath, and laundry room. There is a nice 20x12 patio off the lower living room which is under the large 44x12 deck upstairs off the kitchen both of which look over the peaceful wooded lot. Updates include shed/deck- 2017, Roof & Gutters-2018, Water Heater-2019, French doors to deck-2021. With all this home has to offer it wont last long!!

Last Agent to Sell the Property

Matthew Grant

Mark A. Dalton & Co., Inc. License #0225247854 Listed on: 11/16/2023

Last Buyer's Agent

Sarah LaFrance

Mark A. Dalton & Co., Inc. License #0225229533

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $996

Year Built

  • Built in 1994

Lot Details

  • 0.46 Acre Lot
  • Property is zoned R1

Home Design

  • Split Foyer
  • Shingle Roof

Interior Spaces

  • 2,027 Sq Ft Home
  • 2-Story Property
  • Scuttle Attic Hole
  • Laundry Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl Plank

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • Bathtub Includes Tile Surround

Finished Basement

  • Heated Basement
  • Interior and Exterior Basement Entry
  • Laundry in Basement

Outdoor Features

  • Outdoor Storage

Schools

  • Amelon Elementary School
  • Monelison Midl Middle School
  • Amherst High School

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 148J127

Home Details

Home Type

Single Family

Est. Annual Taxes

$996

Year Built

Built in 1994

Lot Details

0

Listing Details

  • FILLACRES: 0.4600
  • BuildingOnProperty: Storage Building
  • Directions: 29 N out of lynchburg to left on Amelon expressway. Left on Dixie Airport Rd. Right on Amelon Rd. Right on Melwood Dr and home will be on right.
  • Internet Providers: Comcast/Xfinity
  • Lot Measurement: Acres
  • Lot Sq Ft: 20038.00
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 148J127
  • Year Built: 1994
  • HalfBathBelowGrade: 1
  • Heating System: Heat Pump
  • Building Stories: Two
  • Dwelling Styles: Split Foyer
  • Officeden Len: 17.000
  • Officeden Wid: 11.000
  • Laundryroom Dim: 7.000 x 5.000
  • Laundryroom Len: 7.000
  • Living Room Dim: 14.000 x 12.000
  • Livingroom Len: 14.000
  • Livingroom Wid: 12.000
  • Masterbedroom Area: 140.000000
  • Master Bedroom Dim: 14.000 x 10.000
  • Masterbedroom Len: 14.000
  • Masterbedroom Wid: 10.000
  • Office Dim: 11.000 x 9.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 3.00
  • Bathrooms Display: 3 (2 1)
  • Lower Floor 1 Bedrooms: 5
  • Broker Approved: Yes
  • Legal Description: LOT 27 SEC 1 MELWOOD MANOR
  • Reciprocal Listing: No
  • Second Bedroom: 10x10 Level: Level 1 Above Grade
  • Second Bedroom Area: 100.000000
  • Third Bedroom: 11x10 Level: Level 1 Above Grade
  • Third Bedroom Area: 110.000000
  • Fourth Bedroom: 11x10 Level: Below Grade
  • Fourth Bedroom Area: 110.000000
  • Fifth Bedroom: 11x9 Level: Below Grade
  • Fifth Bedroom Area: 99.000000
  • Sixth Bedroom: 0x0 Level: Below Grade
  • Above Grade Finished Sq Ft: 1048.00
  • ApplianceConvey: Dishwasher, Microwave, Range-Elec, Refrigerator
  • Has Attic: Scuttle
  • Has Basement: Exterior Entrance, Finished, Heated, Interior Entrance
  • Breakfast Area: 10x7 Level: Level 1 Above Grade
  • Flooring: Carpet, Laminate, Vinyl Plank
  • Year Built Exception: 0
  • Deck: 44x12 Level: Level 1 Above Grade
  • Den: 17x11 Level: Below Grade
  • Level 1 Full Bathrooms: 2
  • Interior Amenities: Cable Available, Cable Connections, Drywall, High Speed Data Aval, Master Bed w/ Bath, Tile Bath(s)
  • Dining Kitchen: 11x10 Level: Level 1 Above Grade
  • Laundry: Basement, Laundry Room
  • Laundry Room: 7x5 Level: Below Grade
  • Living Room: 14x12 Level: Level 1 Above Grade
  • Master Bedroom: 14x10 Level: Level 1 Above Grade
  • Office: 11x9 Level: Below Grade
  • Den Area: 187.000000
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 110.000000
  • Laundry Room Area: 35.000000
  • LivingRoom Area: 168.000000
  • Office Area: 99.000000
  • Est Other Room1 Dim: 0.000 x 0.000
  • Est Other Room2 Dim: 0.000 x 0.000
  • Est Other Room3 Dim: 0.000 x 0.000
  • Rec Room Dim: 0.000 x 0.000
  • Sunroom Dim: 0.000 x 0.000

Exterior Features

  • Lot Number: 27
  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Paved Drive
  • Patio: 20x12 Level: Below Grade

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Utility Electric: AEP/Appalachian Powr
  • Air Conditioner: Heat Pump
  • Sewer: Septic Tank
  • Hot Water: County
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • Elementary School: Amelon Elem
  • High School: Amherst High
  • Middle School: Monelison Midl
  • School District: Amherst

Lot Info

  • Lot Sq Ft: 2027.00
  • Zoning: R1

Tax Info

  • Estimated Taxes: 996

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2023
Closed on
Feb 1, 2024
Sold by
Mcmillan Jacqueline Taylor
Bought by
Peters Stephen Daniel and Peters Pui Ying
Seller's Agent
Matthew Grant
Mark A. Dalton & Co., Inc.
Buyer's Agent
Sarah LaFrance
Mark A. Dalton & Co., Inc.
List Price
$299,900
Sold Price
$270,000
Premium/Discount to List
-$29,900
-9.97%
Views
283
Current Estimated Value
$297,770

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,770
Avg. Annual Appreciation
5.93%
Original Mortgage
$216,000
Outstanding Balance
$212,190
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$85,580

Purchase Details

Listed on
Apr 29, 2021
Closed on
Jun 15, 2021
Sold by
Chambers Hope Anne and Chambers Kimball J
Bought by
Mcmillan Jacqueline Taylor
Seller's Agent
Josh Redmond
Mark A. Dalton & Co., Inc.
Buyer's Agent
Matthew Grant
Mark A. Dalton & Co., Inc.
List Price
$204,900
Sold Price
$227,000
Premium/Discount to List
$22,100
10.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.71%
Original Mortgage
$229,292
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 20, 2015
Closed on
Mar 23, 2016
Sold by
Staton Andrew D
Bought by
Chambers Hope Anne and Chambers Kimball J
Seller's Agent
April Bailey
RE/MAX 1st Olympic
Buyer's Agent
Michelle Talley
Mark A. Dalton & Co., Inc.
List Price
$89,900
Sold Price
$85,000
Premium/Discount to List
-$4,900
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.88%
Original Mortgage
$68,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2009
Sold by
Fannie Mae
Bought by
Staton Andrew D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
4.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 6, 2008
Sold by
Cook Rhonda K
Bought by
Federal National Mortgage Association
Source: Public Records

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
Peters Stephen Daniel $270,000 Old Republic National Title
Peters Stephen Daniel $270,000 Old Republic National Title
Mcmillan Jacqueline Taylor $227,000 Attorney
Chambers Hope Anne $85,000 Integrity Title & Stlmnt Llc
Staton Andrew D $8,200,000 None Available
Federal National Mortgage Association $750,258 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peters Stephen Daniel $216,000
Closed Peters Stephen Daniel $216,000
Previous Owner Mcmillan Jacqueline Taylor $229,292
Previous Owner Chambers Hope Anne $68,000
Previous Owner Staton Andrew D $81,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/16/2024 02/16/24 Sold $270,000 -3.2% $133 / Sq Ft
01/11/2024 01/11/24 Pending -- -- --
01/04/2024 01/04/24 Price Changed $279,000 -3.8% $138 / Sq Ft
11/30/2023 11/30/23 Price Changed $289,900 -3.3% $143 / Sq Ft
11/16/2023 11/16/23 For Sale $299,900 +32.1% $148 / Sq Ft
06/17/2021 06/17/21 Sold $227,000 +10.8% $112 / Sq Ft View Prior Sale
05/03/2021 05/03/21 Pending -- -- --
04/29/2021 04/29/21 For Sale $204,900 +141.1% $101 / Sq Ft
04/13/2016 04/13/16 Sold $85,000 -5.5% $47 / Sq Ft View Prior Sale
04/13/2016 04/13/16 Pending -- -- --
09/20/2015 09/20/15 For Sale $89,900 -- $49 / 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 $996 $163,300 $20,000 $143,300
2024 $996 $163,300 $20,000 $143,300
2023 $996 $163,300 $20,000 $143,300
2022 $996 $163,300 $20,000 $143,300
2021 $758 $124,300 $20,000 $104,300
2020 $758 $123,800 $20,000 $103,800
2019 $742 $121,600 $26,000 $95,600
2018 $742 $121,600 $26,000 $95,600
2017 $722 $118,300 $26,000 $92,300
2016 $722 $118,300 $26,000 $92,300
2015 $662 $118,300 $26,000 $92,300
2014 $662 $118,300 $26,000 $92,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 349234

APN: 148J-1-27