NOT LISTED FOR SALE

2227 Sherwood Ave SW Unit A & B Roanoke, VA 24015

Raleigh Court Neighborhood
-- Bed
-- Bath
2,024 Sq Ft
1925 Built

Last Sold September 12, 2022

Last sale price $261,000 $129 Per Sq Ft

21 Days on Market

About This Home

As of September 2022

Great Investment opportunity in Raleigh Court. Both units leased on a month to month lease. New roof in 2019 and recent boiler installed. 1 bedroom 1 bath down and 3 bedrooms 1 bath up. Separate electric meters. Each unit has it's own washer and dryer in the basement.

Last Agent to Sell the Property

Rick Payne

MKB, REALTORS(r) License #0225191313 Listed on: 06/17/2022

MKB, REALTORS(r)

Last Buyer's Agent

BRENT L STOVER

MKB, REALTORS(r) - OAK GROVE License #0225189501

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,542

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 50 x 150

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 2,024 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

  • Virginia Heights Elementary School
  • Woodrow Wilson Middle School
  • Patrick Henry High School

Utilities

  • Window Unit Cooling System
  • Radiator
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Legal Lot and Block 3 / 15

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Insurance Expense $1,253
  • Water Sewer Expense $750
  • New Taxes Expense $2,542
  • Operating Expense $7,200
  • Gross Income $15,600
  • Net Operating Income $8,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,542

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Heating System: Radiator Gas Heat
  • Type: Multi-Family
  • Has Basement: Full Basement
  • Cooling System: Window A/C
  • CondoAssocYN: No
  • ExpensesGasExp: 1400.00
  • ExpensesTaxExp: 2542.00
  • Major Area: 01 - City of Roanoke
  • MiscellaneousInfoPublicTransport: Yes
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 2.00
  • NumberVehicleSpaces: 2.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2022-07-08
  • TotalAnnualExpen: 7200.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Expenses Water Exp: 750.00
  • Water Description: Public Water
  • Water Heater Type: Tank

Schools

  • Elementary School: Virginia Heights
  • Middle School: Woodrow Wilson
  • High School: Patrick Henry

Lot Info

  • Lot Dimensions: 50 x 150
  • Property Group Id: 19990816212116581394000000
  • Lot: 3
  • Present Use: Built-As
  • ZoningCode: R-7

Building Info

  • Year Built: 1925

Tax Info

  • Taxes (6 mo): 2542.00
  • FILLTAXID: 1440411

Multi Family

  • Lease Type: Month-to-Month
  • Tenant Pays: Cable TV, Electricity
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: Virginia Heights
  • HighSchool: Patrick Henry
  • Middle School: Woodrow Wilson

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2022 09/12/22 Sold $261,000 +4.4% $129 / Sq Ft
07/08/2022 07/08/22 Pending -- -- --
06/17/2022 06/17/22 For Sale $249,950 -- $123 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rick Payne

    Seller's Agent in 2022

    Rick Payne

    MKB, REALTORS(r)

    (540) 793-0442

    3 in this area

    98 Total Sales

    Rick Payne
    Section Image

  • B

    Buyer's Agent in 2022

    BRENT L STOVER

    MKB, REALTORS(r) - OAK GROVE

    (540) 339-9750

    15 in this area

    42 Total Sales

    BRENT L STOVER
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 890564

Roanoke Valley Association of REALTORS®

APN: 144-0411

Virginia Roanoke City County Roanoke 24015 Raleigh Court

2227 Sherwood Ave SW Unit A & B, Roanoke, VA

This home is located at 2227 Sherwood Ave SW Unit A & B, Roanoke, VA 24015 since 17 June 2022. This property was built in 1925. 2227 Sherwood Ave SW Unit A & B is a home located in Roanoke City with nearby schools including Virginia Heights Elementary School, Woodrow Wilson Middle School, and Patrick Henry 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.

Nearby Homes