20427 Drake Rd Franklin, VA 23851
4
Beds
2.5
Baths
2,204
Sq Ft
2.06
Acres
Highlights
- Guest House
- Home fronts a pond
- Traditional Architecture
- In Ground Pool
- Deck
- Attic
About This Home
As of February 2025Welcome home! This home with lots of potential sits on appx. 2.6 acres. Per seller the roof on the home and unfinished guest house is only two years old! Did I mention it has an in-ground pool and above ground pool that was once utilized! There are three outdoor buildings! Add some TLC and make this house your home. Hurry, it will not last! Home will be sold as-is.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,595
Year Built
- Built in 1994
Lot Details
- 2.06 Acre Lot
- Home fronts a pond
- Chain Link Fence
Home Design
- Traditional Architecture
- Fixer Upper
- Brick Exterior Construction
- Asphalt Shingled Roof
Interior Spaces
- 2,204 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Propane Fireplace
- Entrance Foyer
- Utility Room
- Washer and Dryer Hookup
- Crawl Space
- Pull Down Stairs to Attic
Kitchen
- Breakfast Area or Nook
- Range
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- En-Suite Primary Bedroom
Parking
- 2 Car Attached Garage
- Carport
- Driveway
Pool
- In Ground Pool
- Above Ground Pool
Outdoor Features
- Deck
- Storage Shed
- Porch
Additional Homes
- Guest House
Schools
- Southampton Middle School
- Southampton High School
Utilities
- Central Air
- Heat Pump System
- Well
- Electric Water Heater
- Septic System
Community Details
- No Home Owners Association
- All Others Area 68 Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 7, 2025
Closed on
Jan 20, 2025
Sold by
B & B Developers Llc
Bought by
Ricks Robert F and Ricks Lori L
Seller's Agent
Kelsey Derby
RE/MAX Country to Coast
Buyer's Agent
Kelsey Derby
RE/MAX Country to Coast
Sold Price
$459,000
Views
8
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,165
Avg. Annual Appreciation
-2.59%
Original Mortgage
$367,200
Outstanding Balance
$366,547
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$86,718
Purchase Details
Listed on
Apr 4, 2024
Closed on
Nov 4, 2024
Sold by
Briley Wayne F and Flake Briley Wayne
Bought by
B & B Developers Llc
Seller's Agent
Torrey Knight
Summit Realty Group LLC
Buyer's Agent
Michelle Buchanan
RE/MAX Country to Coast
List Price
$399,000
Sold Price
$270,000
Premium/Discount to List
-$129,000
-32.33%
Views
778
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
613.70%
Purchase Details
Closed on
Nov 19, 2002
Similar Homes in Franklin, VA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $459,000 | Fidelity National Title | |
| Bargain Sale Deed | $270,000 | Fidelity National Title | |
| Deed | $219,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $367,200 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/07/2025 02/07/25 | Sold | $459,000 | +70.0% | $208 / Sq Ft |
| 11/06/2024 11/06/24 | Pending | -- | -- | -- |
| 11/01/2024 11/01/24 | Sold | $270,000 | -19.3% | $123 / Sq Ft |
| 07/12/2024 07/12/24 | Price Changed | $334,500 | -4.3% | $152 / Sq Ft |
| 06/21/2024 06/21/24 | Price Changed | $349,500 | -8.0% | $159 / Sq Ft |
| 04/28/2024 04/28/24 | Price Changed | $380,000 | -4.8% | $172 / Sq Ft |
| 04/04/2024 04/04/24 | For Sale | $399,000 | -- | $181 / Sq Ft |
Source: Real Estate Information Network (REIN)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $3,189 | $449,100 | $55,300 | $393,800 |
| 2023 | $2,595 | $291,600 | $33,200 | $258,400 |
| 2022 | $2,595 | $291,600 | $33,200 | $258,400 |
| 2021 | $2,595 | $291,600 | $33,200 | $258,400 |
| 2020 | $2,595 | $291,600 | $33,200 | $258,400 |
| 2019 | $2,610 | $291,600 | $33,200 | $258,400 |
| 2018 | $2,479 | $291,600 | $33,200 | $258,400 |
| 2017 | $2,631 | $309,500 | $33,200 | $276,300 |
| 2016 | -- | $309,500 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2013 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
K
Seller's Agent in 2025
Kelsey Derby
RE/MAX
-
T
Seller's Agent in 2024
Torrey Knight
Summit Realty Group LLC
-
L
Seller Co-Listing Agent in 2024
Latoya Adkins
Summit Realty Group LLC
-
M
Buyer's Agent in 2024
Michelle Buchanan
RE/MAX
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10526621
APN: 62-24B
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