NOT LISTED FOR SALE

2178 Tower Hill Rd Powhatan, VA 23139

Estimated Value: $247,000 - $294,942

2 Beds
1 Bath
816 Sq Ft
$339/Sq Ft Est. Value

Last Sold April 21, 2017

Last sale price $122,500 $150 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $1,604/month

3 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Detached Garage
  • Window Unit Cooling System
  • Cottage
  • Front Porch
  • Shed

About This Home

As of April 2017

Cute little house with Carport and paved drive on one acre conveniently located off of Red Lane close to Route 60. Pretty Setting and lovely yard with great views of woodlands. Cozy Family Room is surprisingly spacious and makes a great place to watch TV. There are beautiful refinished hardwood floors in the Family Room, Bedrooms and Hallway. Bright and Sunny Kitchen includes Refrigerator, Range, Washer and Dryer. There is a Sunroom on the back of the house that could be a 3rd bedroom or study/office. The Bedrooms also have Ceiling Fans and ample Closet Space and they share a full bath in the Hallway. 18'x18' Detached Metal Garage has a dirt floor and makes great storage for lawn mower and tools. Comcast Cable High Speed Internet and TV available. Clog Free Leafguard on Gutters. Water Treatment System in Crawlspace. This property would be a great home for someone wanting a low mortgage payment or an investor looking for rental income. Sellers rented it out but more recently used it as a vacation getaway for themselves and have lovingly cared for this home. They said it could easily rent for $750-$850/month.

Last Agent to Sell the Property

Nancy Wise

Napier REALTORS ERA License #0225067926 Listed on: 03/16/2017

Napier REALTORS ERA

Last Buyer's Agent

James Nay

River City Elite Properties - Real Broker License #0225221595

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $824

Year Built

  • Built in 1976

Lot Details

  • 1.02 Acre Lot
  • Zoning described as R-U

Parking

  • 1 Car Detached Garage
  • Carport
  • Driveway

Home Design

  • Cottage
  • Bungalow
  • Frame Construction
  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 816 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Storm Doors
  • Electric Cooktop

Flooring

  • Wood
  • Partially Carpeted
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Shed
  • Front Porch
  • Stoop

Schools

  • Flat Rock Elementary School
  • Pocahontas Middle School
  • Powhatan High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Well
  • Water Heater
  • Water Softener
  • Septic Tank

Community Details

  • Red Lane Subdivision

Listing and Financial Details

  • Tax Lot 31A
  • Assessor Parcel Number 040A-2-31A

Home Details

Home Type

Single Family

Est. Annual Taxes

$824

Year Built

Built in 1976

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1976
  • Property Attached Yn: No
  • Lot Size Acres: 1.025
  • Ownership: Individuals
  • Subdivision Name: Red Lane
  • Architectural Style: Bungalow, Cottage, Ranch
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Partially Carpeted, Vinyl, Wood
  • Basement: Crawl Space
  • Appliances: Dryer, Electric Cooking, Electric Water Heater, Range, Refrigerator, Water Softener, Washer
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Interior Amenities: Bedroom on Main Level
  • Living Area: 816.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Aluminum Siding, Drywall, Frame
  • Exterior Features: Storage, Shed, Paved Driveway
  • Other Structures: Shed(s)
  • Patio And Porch Features: Front Porch, Stoop
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Carport, Driveway, Detached, Garage, Paved, Unfinished Garage

Utilities

  • Heating: Baseboard, Electric
  • Cooling: Window Unit(s)
  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Pocahontas

Lot Info

  • Parcel Number: 040A-2-31A
  • Zoning Description: R-U
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 824.0
  • Tax Lot: 31A

MLS Schools

  • Elementary School: Flat Rock
  • High School: Powhatan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2017
Closed on
Apr 4, 2017
Sold by
Brown Ronald C and Brown Suzanne M
Bought by
Carter Dawn Renee
Seller's Agent
Nancy Wise
Napier REALTORS ERA
Buyer's Agent
James Nay
River City Elite Properties - Real Broker
List Price
$137,000
Sold Price
$122,500
Premium/Discount to List
-$14,500
-10.58%
Current Estimated Value
$276,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,486
Avg. Annual Appreciation
10.12%
Original Mortgage
$110,250
Outstanding Balance
$75,573
Interest Rate
4.21%
Mortgage Type
New Conventional
Estimated Equity
$201,053

Purchase Details

Closed on
Jun 23, 2005
Source: Public Records

Range of Values:

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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
Carter Dawn Renee $122,500 Old Republic Title
-- $118,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carter Dawn Renee $110,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2017 04/21/17 Sold $122,500 -10.6% $150 / Sq Ft
03/19/2017 03/19/17 Pending -- -- --
03/16/2017 03/16/17 For Sale $137,000 -- $168 / Sq Ft
Source: Central Virginia Regional 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 $1,615 $215,300 $84,800 $130,500
2024 $1,375 $199,300 $78,500 $120,800
2023 $1,288 $156,600 $66,000 $90,600
2022 $1,206 $172,600 $66,000 $106,600
2021 $967 $113,800 $61,000 $52,800
2020 $967 $95,100 $55,000 $40,100
2019 $837 $95,100 $55,000 $40,100
2018 $804 $95,100 $55,000 $40,100
2017 $811 $91,600 $50,000 $41,600
2016 $824 $91,600 $50,000 $41,600
2014 $797 $88,600 $48,000 $40,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1709558

Central Virginia Regional MLS

APN: 040A-2-31A