NOT LISTED FOR SALE

1950 King Richard Rd Ferrum, VA 24088

Estimated Value: $356,700 - $440,000

4 Beds
2 Baths
3,578 Sq Ft
$113/Sq Ft Est. Value

Sale Details

Date Sold: May 18, 2020

Last sale price $261,000 $73 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $2,248 / mo

7 Days on Market

Highlights

  • 4.41 Acre Lot
  • Deck
  • No HOA
  • Fireplace in Kitchen
  • Sun or Florida Room
  • Covered Patio or Porch

About This Home

As of May 2020

Franklin County Charmer nestled on Gorgeous 4.41AC Park-like Setting! Updated & Very Well Maintained 4Bed Farmhouse-style Home. Open Floor Plan, Spacious Country Kitchen offers Cabinets Galore & Pantry, Gleaming Hardwood Floors throughout, Formal Dining & Living Rooms. Huge Great Room w/High Ceiling, Tons of Natural Light. 24x24 Detached Garage/Workshop, 10x12 Metal Shed, (2)Add'l Garden sheds. Mature Landscaping, Fruit Trees, Concord-grape Arbor, Firepit area, Nice Outdoor Entertaining areas, Rocking Chair Front Porch. Within 20min to Rocky Mount, <5min to Ferrum College & Convenient to the Parkway!

Last Agent to Sell the Property

Angie McGhee

MKB, REALTORS(r) - FRANKLIN CO License #0225095935 Listed on: 03/07/2020

MKB, REALTORS(r) - FRANKLIN CO

Last Buyer's Agent

Jessica Perdue

MKB, REALTORS(r) License #0225237146

MKB, REALTORS(r)

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $871

Year Built

  • Built in 1908

Lot Details

  • 4.41 Acre Lot
  • Level Lot
  • Garden

Home Design

  • Single Family Detached Home
  • Manufactured Home

Interior Spaces

  • 3,578 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Skylights
  • Flue
  • Gas Log Fireplace
  • Sliding Doors
  • Great Room with Fireplace
  • Dining Room with Fireplace
  • 6 Fireplaces
  • Sun or Florida Room
  • Storage
  • Crawl Space

Kitchen

  • Gas Range
  • Range Hood
  • Dishwasher
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Shed

Schools

  • Ferrum Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Baseboard Heating
  • Heating System Uses Gas
  • Underground Utilities
  • Electric Water Heater
  • Satellite Dish
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Restaurant

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$871

Year Built

Built in 1908

Lot Details

4.41 Acres

Listing Details

  • Interior Features: Ceiling Fan, Flue Available, Gas Log Fireplace, Other - See Remarks, Skylight, Storage
  • Heating System: Baseboard Electric, Ductless, Gas - Propane
  • Fireplace(s): Dining Room, Great Room, Kitchen
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Crawl Space
  • Major Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Range Gas, Range Hood, Refrigerator
  • Cooling System: Central Cooling, Ductless
  • Outside Features: Covered Porch, Deck, Garden Space, Other - See Remarks, Patio, Storage Shed, Sunroom
  • BedroomsBREntryLevel: 1
  • EntryAboveGrdFin Sq Ft: 1936.00
  • ExteriorDoors: Sliding, Wood
  • Fireplace Number Fireplaces: 6
  • InternetAccessCurntInternetProv: CenturyLink High-spd
  • LaundryLaundryEntryLevel: 1
  • Major Area: 04 - Franklin County
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Detached
  • Residential Type: Detached
  • Style Of House: 2 Story
  • Total Above Grd Fin S Q F T: 3578
  • TotalBdrm: 4
  • TotalBths: 2.00
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 3578.00
  • Uncovered Parking: Off Street Parking
  • UpperAboveGrdFin Sq Ft: 1642.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 2

Interior Features

  • Basement YN: No

Exterior Features

  • Porch: Front Porch

Utilities

  • Sewer Description: PrivSept-permit unkn
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Cable TV, Maint-Free Exterior, Paved Road, Satellite Dish, Underground Util

Lot Info

  • Lot Description: Gentle Slope, Level Lot
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 4.41
  • ZoningCode: NZ

Building Info

  • Year Built: 1908

Tax Info

  • Taxes (6 mo): 871.00

MLS Schools

  • Elementary School: Ferrum
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2020
Closed on
May 14, 2020
Sold by
Gudman Thomas S and Gudman Ann M
Bought by
Benson Kevin L and Benson Kellie E
Seller's Agent
Angie McGhee
MKB, REALTORS(r) - FRANKLIN CO
Buyer's Agent
Jessica Perdue
MKB, REALTORS(r)
List Price
$259,900
Sold Price
$261,000
Premium/Discount to List
$1,100
0.42%
Current Estimated Value
$405,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,675
Avg. Annual Appreciation
7.68%
Original Mortgage
$167,000
Outstanding Balance
$147,335
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$258,340
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Benson Kevin L $261,000 Fidelity National Ttl Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benson Kevin L $167,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/18/2020 05/18/20 Sold $261,000 +0.4% $73 / Sq Ft
03/14/2020 03/14/20 Pending -- -- --
03/07/2020 03/07/20 For Sale $259,900 -- $73 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

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 $1,158 $269,200 $34,400 $234,800
2024 $1,158 $269,200 $34,400 $234,800
2023 $1,062 $174,100 $29,400 $144,700
2022 $1,062 $174,100 $29,400 $144,700
2021 $1,062 $174,100 $29,400 $144,700
2020 $1,062 $174,100 $29,400 $144,700
2019 $966 $158,300 $33,300 $125,000
2018 $966 $158,300 $33,300 $125,000
2017 $871 $160,600 $35,000 $125,600
2016 $871 $160,600 $35,000 $125,600
2015 $867 $160,600 $35,000 $125,600
2014 $867 $160,600 $35,000 $125,600
2013 $867 $160,600 $35,000 $125,600
Source: Public Records

Agents Affiliated with this Home

  • Angie McGhee

    Seller's Agent in 2020

    Angie McGhee

    MKB, REALTORS(r) - FRANKLIN CO

    (540) 537-5918

    8 in this area

    571 Total Sales

    Angie McGhee
    Section Image
  • Jessica Perdue

    Buyer's Agent in 2020

    Jessica Perdue

    MKB, REALTORS(r)

    (540) 238-1113

    1 in this area

    84 Total Sales

    Jessica Perdue
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 867562

Roanoke Valley Association of REALTORS®

APN: 0930002200

Virginia Franklin County Ferrum 24088

1950 King Richard Rd, Ferrum, VA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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