NOT LISTED FOR SALE

202 S Main St Amherst, VA 24521

Estimated Value: $351,331

5 Beds
4 Baths
6,000 Sq Ft
$59/Sq Ft Est. Value

Last Sold October 23, 2018

Last sale price $230,000 $38 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,083/month

52 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of October 2018

This three story historical, income producing property offers a street level restaurant with 2 dining areas,bar,2 half baths and a full kitchen. The 2nd and 3rd levels are divided into 4 apt's. which are all rented.

Last Listed By

LYNN BOWLING

MONTAGUE, MILLER & CO. - AMHERST License #0225074474[892] Listed on: 07/27/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,485

Year Built

  • Built in 1914

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • Casement Windows
  • Fire and Smoke Detector

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Schools

  • Amherst Elementary And Middle School
  • Amherst High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Uses Oil
  • Heat Pump System
  • Heating System Powered By Owned Propane

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • The owner pays for electricity, gas, trash collection, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,485

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Over Storefront
  • Historic: No
  • New Construction: No
  • Year Built: 1914
  • Remarks Public: This three story historical, income producing property offers a street level restaurant with 2 dining areas,bar,2 half baths and a full kitchen. The 2nd and 3rd levels are divided into 4 apt's. which are all rented.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator
  • Flooring Type: Carpet, Vinyl, Wood
  • Window Features: Casement
  • Fireplace: No
  • Foundation Details: Slab
  • Basement: Yes
  • Basement Type: Full, Interior Access, Outside Entrance, Unfinished
  • Price Per Sq Ft: 38.33
  • Street Number Modifier: 202

Exterior Features

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

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Window Unit(s)
  • Heating Fuel: Oil, Propane - Owned
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Internet Services: Cable

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: AMHERST COUNTY PUBLIC SCHOOLS
  • Elementary School: AMHERST
  • Middle School: AMHERST
  • High School: AMHERST
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121141549199
  • School District Source: Listing Agent
  • Elementary School: AMHERST
  • High School: AMHERST
  • Middle Or Junior School: AMHERST

Lot Info

  • Zoning: B-2
  • Zoning Description: General Commercial

Rental Info

  • Owner Pays: Electricity, Gas, Trash Collection, Water
  • Vacation Rental: No

Multi Family

  • Gross Income: 2800.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Tax Annual Amount: 1485.00
  • Tax Year: 2014
  • Close Date: 10/23/2018

MLS Schools

  • School District Name: AMHERST COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2018
Closed on
Oct 17, 2018
Sold by
Joseph England Properties Llc
Bought by
Jmc Rentals Llc
Seller's Agent
LYNN BOWLING
MONTAGUE, MILLER & CO. - AMHERST
Buyer's Agent
Default Agent
Default Office
List Price
$239,000
Sold Price
$230,000
Premium/Discount to List
-$9,000
-3.77%
Total Days on Market
52
Current Estimated Value
$351,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,331
Avg. Annual Appreciation
6.69%
Original Mortgage
$174,000
Outstanding Balance
$153,284
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$198,047

Purchase Details

Closed on
May 31, 2017
Sold by
Cunningham Investment Properties Llc A V
Bought by
Joseph England Properties Llc A Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2009
Sold by
Snyder James H
Bought by
Snyder James H and Snyder Heather D

Purchase Details

Closed on
Apr 4, 2008
Sold by
Emmanuel Gardens In C
Bought by
Cunningham Investment Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.1%
Mortgage Type
Credit Line Revolving

Range of Values:

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Average Value
Not Available
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
Jmc Rentals Llc $230,000 Attorney
Joseph England Properties Llc A Virginia $210,000 Attorney
Snyder James H -- None Available
Cunningham Investment Properties Llc $248,000 Southern Title Insurance Cor
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jmc Rentals Llc $174,000
Previous Owner Joseph England Properties Llc A Virginia $210,000
Previous Owner Cunningham Investment Properties Llc $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2018 10/23/18 Sold $230,000 -3.8% $38 / Sq Ft
09/17/2018 09/17/18 Pending -- -- --
07/27/2018 07/27/18 For Sale $239,000 -- $40 / Sq Ft
Source: Bright MLS

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 $1,623 $266,000 $50,000 $216,000
2024 $1,623 $266,000 $50,000 $216,000
2023 $1,623 $266,000 $50,000 $216,000
2022 $1,623 $266,000 $50,000 $216,000
2021 $1,623 $266,000 $50,000 $216,000
2020 $1,623 $266,000 $50,000 $216,000
2019 $1,535 $251,600 $50,000 $201,600
2018 $1,535 $251,600 $50,000 $201,600
2017 $1,535 $251,600 $50,000 $201,600
2016 $1,535 $251,600 $50,000 $201,600
2015 $1,409 $251,600 $50,000 $201,600
2014 $2,820 $503,600 $50,000 $453,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 579611

Bright MLS

APN: 96A4-4-1