$219,950
SOLD AUG 28, 2020

220 Craig Ave Unit 220-222 Vinton, VA 24179

-- Bed
-- Bath
2,640 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$83 Per Sq Ft

1 Day on Market

Highlights

  • No HOA
  • W.E. Cundiff Elementary School Rated A-
  • Central Air

About This Home

As of September 2022

This Tidy town home style triplex is located directly across the street from M.A. Banks Park in the heart of Vinton. Features include a low maintenance brick and vinyl exterior, eat in kitchens, and central air. All units are currently rented at $625.00 per unit allowing for significant upside. Owner is responsible for water/sewer and lawn care.

Last Agent to Sell the Property

Matthew Zimmerman

WALDVOGEL COMMERCIAL PROPERTIES License #0225229039 Listed on: 06/18/2020

Co-Listed By

Jason Fountain

VRC PROPERTIES LLC License #0225077081

Last Buyer's Agent

Brad Thomas

MOUNTAIN VIEW REAL ESTATE LLC License #0225188833

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,780

Year Built

  • Built in 1974

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 70x150

Home Design

  • 2,640 Sq Ft Home
  • Triplex
  • Brick Exterior Construction
  • Slab Foundation

Schools

  • W. E. Cundiff Elementary School
  • William Byrd Middle School
  • William Byrd High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 10 & ALL LT 11

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • Operating Expense $4,345
  • Gross Income $22,500
  • Net Operating Income $18,155

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,780

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Central Cooling
  • Major Area: 02 - Roanoke County
  • NumberLeasedUnits: 3.00
  • NumberUnfurnished: 3.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2020-06-19
  • TotalAnnualExpen: 4345.00
  • Water Class: N/A
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

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

Schools

  • Elementary School: W. E. Cundiff
  • Middle School: William Byrd
  • High School: William Byrd

Lot Info

  • Lot Dimensions: 70x150
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.22
  • Lot: 10 & ALL LT 11

Building Info

  • Year Built: 1974

Tax Info

  • Taxes (6 mo): 1780.00
  • FILLTAXID: 060.19-04-20.00-0000

Multi Family

  • Tenant Pays: Electricity
  • Units In Building: 3.00
  • Multi Family Type: Triplex

MLS Schools

  • Elementary School: W. E. Cundiff
  • HighSchool: William Byrd
  • Middle School: William Byrd

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2022
Closed on
Sep 2, 2022
Sold by
Wallace Bros Llc
Bought by
Mid Atlantic Funding Llc
Seller's Agent
Brad Thomas
MOUNTAIN VIEW REAL ESTATE LLC
Buyer's Agent
Matt O'bryan
O'BRYAN & ASSOCIATES REAL ESTATE INC
List Price
$289,950
Sold Price
$280,000
Premium/Discount to List
-$9,950
-3.43%
Current Estimated Value
$354,262

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,262
Avg. Annual Appreciation
6.21%
Original Mortgage
$260,000
Outstanding Balance
$252,905
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$80,185

Purchase Details

Closed on
Nov 15, 2021
Sold by
Hurt Justin and Hurt Chantry
Bought by
Wallace Bros Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,750
Interest Rate
2.99%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 18, 2020
Closed on
Jul 20, 2020
Sold by
Jennings Edward F
Bought by
Hurt Justin and Hurt Chantry
Seller's Agent
Matthew Zimmerman
WALDVOGEL COMMERCIAL PROPERTIES
Buyer's Agent
Brad Thomas
MOUNTAIN VIEW REAL ESTATE LLC
List Price
$219,950
Sold Price
$219,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.80%
Original Mortgage
$164,962
Interest Rate
2.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Deed $280,000 --
Deed $257,000 Accommodation
Deed $219,950 Priority Title & Setmnt Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $260,000 New Conventional
Previous Owner $192,750 Commercial
Previous Owner $164,962 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2022 09/08/22 Sold $280,000 -3.4% $106 / Sq Ft
08/24/2022 08/24/22 Pending -- -- --
08/10/2022 08/10/22 For Sale $289,950 +31.8% $110 / Sq Ft
08/28/2020 08/28/20 Sold $219,950 0.0% $83 / Sq Ft
06/19/2020 06/19/20 Pending -- -- --
06/18/2020 06/18/20 For Sale $219,950 +46.6% $83 / Sq Ft
05/29/2014 05/29/14 Sold $150,000 -2.5% $57 / Sq Ft
05/29/2014 05/29/14 Pending -- -- --
03/20/2014 03/20/14 For Sale $153,900 -- $58 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

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
2024 $2,602 $250,200 $48,000 $202,200
2023 $2,542 $239,800 $44,400 $195,400
2022 $2,117 $194,200 $37,200 $157,000
2021 $1,909 $175,100 $32,400 $142,700
2020 $1,672 $153,400 $28,800 $124,600
2019 $1,614 $148,100 $26,400 $121,700
2018 $1,644 $148,100 $26,400 $121,700
2017 $1,644 $150,800 $26,400 $124,400
2016 $1,631 $149,600 $25,200 $124,400
2015 $1,637 $150,200 $24,000 $126,200
2014 $1,678 $153,900 $24,000 $129,900
Source: Public Records

Agents Affiliated with this Home

  • Brad Thomas

    Seller's Agent in 2022

    Brad Thomas

    MOUNTAIN VIEW REAL ESTATE LLC

    (540) 915-3637

    646 Total Sales

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  • Kevin Williams

    Seller Co-Listing Agent in 2022

    Kevin Williams

    MOUNTAIN VIEW REAL ESTATE LLC

    (540) 580-5958

    8 in this area

    135 Total Sales

    Section Image

  • M

    Buyer's Agent in 2022

    Matt O'bryan

    O'BRYAN & ASSOCIATES REAL ESTATE INC

    (540) 330-4004

    28 Total Sales

    Section Image
  • Matthew Zimmerman

    Seller's Agent in 2020

    Matthew Zimmerman

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 759-1884

    1 in this area

    40 Total Sales

    Section Image
  • Jason Fountain

    Seller Co-Listing Agent in 2020

    Jason Fountain

    VRC PROPERTIES LLC

    (540) 354-6456

    54 Total Sales

    Section Image
  • Boyd Temple

    Seller's Agent in 2014

    Boyd Temple

    WAINWRIGHT & CO., REALTORS(r)- LAKE

    (800) 551-3588

    9 Total Sales

    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 870486

Roanoke Valley Association of REALTORS®

APN: 060.19-04-20

Virginia Roanoke County Vinton 24179

220 Craig Ave Unit 220-222, Vinton, VA

This home is located at 220 Craig Ave Unit 220-222, Vinton, VA 24179 and is currently priced at $219,950, approximately $83 per square foot. This property was built in 1974. 220 Craig Ave Unit 220-222 is a home located in Roanoke County with nearby schools including W.E. Cundiff Elementary School, William Byrd Middle School, and William Byrd 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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