NOT LISTED FOR SALE

2037 Laburnum Ave SW Roanoke, VA 24015

Raleigh Court Neighborhood
-- Bed
-- Bath
6,470 Sq Ft
7,841 Sq Ft Lot

Last Sold June 26, 2023

Last sale price $726,000 $112 Per Sq Ft

12 Days on Market

About This Home

As of June 2023

Unique opportunity to own a charming, brick eight-unit apartment building nestled in a serene, single- family neighborhood around Grandin Village. This vintage building boasts Roanoke's unique small apartment character featuring colonial style architecture, sturdy turn-of-the-century construction and open-air porches for every resident. Other features include high ceilings, hardwood floors and exterior access to all units. Walking distance to Patrick Henry High School and the Grandin Village. All units are 1-BR with galley kitchens include dishwasher, electric range and refrigerator. Laundry on site. Owner financing or installment sale terms are preferred for qualified investors. Newer boiler. Window AC. All offers should be submitted by 5/10/23.

Last Agent to Sell the Property

Jason Fountain

VRC PROPERTIES LLC License #0225077081 Listed on: 04/30/2023

Co-Listed By

Steve Zegarski

VRC PROPERTIES LLC License #0225245213

Last Buyer's Agent

KELLI L EAGLE

PARK PLACE REALTY INC License #0225185762

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,952

Year Built

  • Built in 1925

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50x160

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 6,470 Sq Ft Home
  • Partial Basement

Schools

  • Grandin Court Elementary School
  • Woodrow Wilson Middle School
  • Patrick Henry High School

Utilities

  • Window Unit Cooling System
  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for air conditioning, electricity
  • Month-to-Month Lease Term

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • Grandin Court Subdivision

Building Details

  • 7 Leased Units
  • Operating Expense $26,558
  • Gross Income $68,900
  • Net Operating Income $39,241

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,952

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Heating System: Radiator Gas Heat
  • Type: Multi-Family
  • Has Basement: Partial Basement
  • Cooling System: Window A/C
  • CondoAssocYN: No
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 7.00
  • NumberUnfurnished: 8.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2023-05-12
  • TotalAnnualExpen: 26558.00
  • Water Class: N/A
  • Water Heater Energy: Natural Gas
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water
  • Water Heater Type: Tank

Schools

  • Elementary School: Grandin Court
  • Middle School: Woodrow Wilson
  • High School: Patrick Henry

Lot Info

  • Lot Dimensions: 50X160
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.18
  • Present Use: Built-As
  • ZoningCode: RM-2

Building Info

  • Year Built: 1925

Tax Info

  • Taxes (6 mo): 4952.00
  • FILLTAXID: 1450307

Multi Family

  • Lease Type: Month-to-Month, One Year
  • Tenant Pays: Air Conditioning, Electricity
  • Units In Building: 8.00
  • Multi Family Type: Apartments

MLS Schools

  • Elementary School: Grandin Court
  • HighSchool: Patrick Henry
  • Middle School: Woodrow Wilson

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
06/26/2023 06/26/23 Sold $726,000 +0.1% $112 / Sq Ft
05/12/2023 05/12/23 Pending -- -- --
04/30/2023 04/30/23 For Sale $725,000 -- $112 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jason Fountain

    Seller's Agent in 2023

    Jason Fountain

    VRC PROPERTIES LLC

    (540) 354-6456

    3 in this area

    54 Total Sales

    Section Image
  • Steve Zegarski

    Seller Co-Listing Agent in 2023

    Steve Zegarski

    VRC PROPERTIES LLC

    (540) 309-6738

    1 in this area

    38 Total Sales

    Section Image

  • K

    Buyer's Agent in 2023

    KELLI L EAGLE

    PARK PLACE REALTY INC

    (540) 815-2225

    3 in this area

    49 Total Sales

    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 897909

Roanoke Valley Association of REALTORS®

APN: 145-0307

Virginia Roanoke City County Roanoke 24015 Raleigh Court

2037 Laburnum Ave SW, Roanoke, VA

This home is located at 2037 Laburnum Ave SW, Roanoke, VA 24015 since 30 April 2023. This property was built in 1925. 2037 Laburnum Ave SW is a home located in Roanoke City with nearby schools including Grandin Court Elementary School, Woodrow Wilson Middle School, and Patrick Henry High School.

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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