NOT LISTED FOR SALE

205 Nolens Hill Rd Ferrum, VA 24088

-- Bed
-- Bath
20,000 Sq Ft
3 Acres

Last Sold November 05, 2021

Last sale price $880,000 $44 Per Sq Ft

70 Days on Market

Highlights

  • 3 Acre Lot
  • Forced Air Heating System
  • Baseboard Heating
  • No HOA

About This Home

As of November 2021

This home is located at 205 Nolens Hill Rd, Ferrum, VA 24088 since 20 July 2021. This property was built in 1970. 205 Nolens Hill Rd is a home located in Franklin County with nearby schools including Ferrum Elementary School, Benjamin Franklin Middle School, and Franklin County High School.

Last Agent to Sell the Property

Asher Walker

WALKER REAL ESTATE SOLUTIONS License #0225232183 Listed on: 07/20/2021

Last Buyer's Agent

Asher Walker

WALKER REAL ESTATE SOLUTIONS License #0225232183 Listed on: 07/20/2021

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,360

Year Built

  • Built in 1970

Lot Details

  • 3 Acre Lot

Home Design

  • 20,000 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation

Schools

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

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heat Pump System
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • No Home Owners Association
  • 26 Units
  • Village East Subdivision

Building Details

  • 9 Leased Units
  • Operating Expense $58,000
  • Gross Income $135,000
  • Net Operating Income $62,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,360

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Heating System: Baseboard Electric, Forced Air Electric
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Heat Pump Electric, Window A/C
  • Major Area: 04 - Franklin County
  • NumberLeasedUnits: 9.00
  • Hoa2 Or Poa: No
  • TotalAnnualExpen: 58000.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (10 or More)

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water

Lot Info

  • Lot Dimensions: 3
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 3.00
  • Phase: 1

Building Info

  • Year Built: 1970

Tax Info

  • Taxes (6 mo): 6360.00

Multi Family

  • Tenant Pays: Electricity
  • Units In Building: 26.00
  • Multi Family Type: Apartments

MLS Schools

  • Elementary School: Ferrum
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle
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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 List to Sale Price per Sq Ft
11/05/2021 11/05/21 Sold $880,000 -4.9% $44 / Sq Ft
09/28/2021 09/28/21 Pending -- -- --
07/20/2021 07/20/21 For Sale $925,000 -- $46 / 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 $1,736 $403,800 $48,000 $355,800
2024 $1,359 $403,800 $48,000 $355,800
2023 $1,920 $225,200 $48,000 $177,200
2022 $1,907 $314,700 $48,000 $266,700
2021 $1,920 $314,700 $48,000 $266,700
2020 $1,920 $314,700 $48,000 $266,700
2019 $1,792 $293,800 $48,000 $245,800
2018 $1,792 $293,800 $48,000 $245,800
2017 $1,616 $293,800 $48,000 $245,800
2016 $1,616 $293,800 $48,000 $245,800
2015 -- $293,800 $48,000 $245,800
2014 -- $293,800 $48,000 $245,800
2013 -- $293,800 $48,000 $245,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 882120

Roanoke Valley Association of REALTORS®

APN: 401 00-033 00