NOT LISTED FOR SALE

220 8th St Vinton, VA 24179

Vinton Area
-- Bed
-- Bath
62,433 Sq Ft
3.07 Acre Lot

Sale Details

Date Sold: December 24, 2024

Last sale price $5,850,000 $94 Per Sq Ft

24 Days on Market

Highlights

  • 3.07 Acre Lot
  • No HOA
  • Laundry Facilities
  • Herman L. Horn Elementary School Rated 9+

About This Home

As of December 2024

72-unit multifamily with low maintenance brick exterior and adequate on-site parking. Common areas have been recently renovated and furnished with coin operated laundry equipment. Tenants pay electricity and a porata share of water/sewer/trash via a ratio utility billing system.

Last Agent to Sell the Property

Cody McCraw

IVY REALTY LLC License #0225193921 Listed on: 09/17/2024

Last Buyer's Agent

Cody McCraw

IVY REALTY LLC License #0225193921 Listed on: 09/17/2024

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Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $36,340

Year Built

  • Built in 1972

Lot Details

  • 3.07 Acre Lot

Parking

  • 125 Parking Spaces

Home Design

  • 62,433 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation

Schools

  • Herman L. Horn Elementary School
  • William Byrd Middle School
  • William Byrd High School

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 1-17, 9-16 / 5, 3

Community Details

Overview

  • No Home Owners Association
  • 72 Units

Amenities

  • Laundry Facilities

Building Details

  • 72 Leased Units
  • Operating Expense $266,179
  • Gross Income $764,470
  • Net Operating Income $460,067

Property Details

Home Type

Apartment

Est. Annual Taxes

$36,340

Year Built

Built in 1972

Lot Details

3.07 Acres

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Heat Pump Electric
  • CondoAssocYN: No
  • Internet Access: Cable
  • Major Area: 02 - Roanoke County
  • NumberLeasedUnits: 72.00
  • NumberUnfurnished: 72.00
  • NumberVehicleSpaces: 125.00
  • Hoa2 Or Poa: No
  • TotalAnnualExpen: 266179.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: No
  • 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
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Laundry Facility

Lot Info

  • Lot Dimensions: 280x327, 330x171
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 3.07
  • Lot: 1-17, 9-16
  • Present Use: Built-As
  • ZoningCode: R2 & M2

Building Info

  • Year Built: 1972

Tax Info

  • Taxes (6 mo): 36340.00

Multi Family

  • Lease Type: One Year
  • Tenant Pays: All Utilities
  • Units In Building: 72.00
  • Multi Family Type: Apartments

MLS Schools

  • Elementary School: Herman L. Horn
  • HighSchool: William Byrd
  • Middle School: William Byrd

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2024
Closed on
Dec 24, 2024
Sold by
Bought by
Seller's Agent
Cody McCraw
IVY REALTY LLC
Buyer's Agent
Cody McCraw
IVY REALTY LLC
List Price
$6,000,000
Sold Price
$5,850,000
Premium/Discount to List
-$150,000
-2.5%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$736,787
Interest Rate
6%

Purchase Details

Closed on
Aug 26, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,130,000
Interest Rate
3%
Mortgage Type
Credit Line Revolving
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Vinton, VA

  • Billy Kingery Real Estate Agent - MOUNTAIN TO LAKE REALTY

    Billy Kingery

    MOUNTAIN TO LAKE REALTY

    (540) 590-5830

    375 Total Sales

    1 in Vinton

    $194,950 Price

    Billy Kingery
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  • Brandon Black Real Estate Agent - Real Broker, LLC

    Brandon Black

    Real Broker, LLC

    (434) 300-3675

    64 Total Sales

    1 in Vinton

    $191,500 Price

    Brandon Black
     Section Image
  • Chris Reavis Real Estate Agent - MKB, REALTORS(r)

    Chris Reavis

    MKB, REALTORS(r)

    (540) 283-5635

    46 Total Sales

    1 in Vinton

    $291,000 Price

    Chris Reavis
     Section Image
  • Kat Pascal Real Estate Agent - MOUNTAIN VIEW REAL ESTATE LLC

    Kat Pascal

    MOUNTAIN VIEW REAL ESTATE LLC

    (540) 384-9221

    25 Total Sales

    2 in Vinton

    $100K - $169K Price Range

    Kat Pascal
     Section Image
  • Rose Dudley Real Estate Agent - LICHTENSTEIN ROWAN, REALTORS(r)

    Rose Dudley

    LICHTENSTEIN ROWAN, REALTORS(r)

    (540) 329-3907

    75 Total Sales

    6 in Vinton

    $152K - $300K Price Range

    Rose Dudley
     Section Image
  • Adam Lynch Real Estate Agent - BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    Adam Lynch

    BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    (540) 590-5647

    65 Total Sales

    1 in Vinton

    $248,900 Price

    Adam Lynch
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$5,850,000 Chicago Title
$2,824,000 Acquisition Ttl & Setmnt Agc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $750,000
Previous Owner $2,130,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/24/2024 12/24/24 Sold $5,850,000 -2.5% $94 / Sq Ft
10/11/2024 10/11/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $6,000,000 -- $96 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $42,587 $4,134,700 $159,300 $3,975,400
2025 $36,809 $3,573,700 $97,800 $3,475,900
2024 $32,155 $3,091,800 $84,000 $3,007,800
2023 $28,822 $2,719,100 $84,000 $2,635,100
2022 $27,832 $2,553,400 $84,000 $2,469,400
2021 $27,396 $2,513,400 $80,000 $2,433,400
2020 $27,246 $2,499,600 $80,000 $2,419,600
2019 $27,106 $2,486,800 $80,000 $2,406,800
2018 $25,487 $2,411,600 $80,000 $2,331,600
2017 $25,487 $2,338,300 $76,000 $2,262,300
2016 $24,637 $2,260,300 $104,700 $2,155,600
2015 $24,255 $2,225,200 $104,500 $2,120,700
2014 $23,777 $2,181,400 $104,500 $2,076,900
Source: Public Records

Agents Affiliated with this Home

  • Cody McCraw Real Estate Agent - IVY REALTY LLC

    Seller's Agent in 2024

    Cody McCraw

    IVY REALTY LLC

    (540) 761-5820

    6 Total Sales

    Cody McCraw
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 911020

Roanoke Valley Association of REALTORS®

APN: 060.11-03-01

Virginia Roanoke County Vinton 24179

220 8th St, Vinton, VA

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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