M
Seller's Agent in 2019
MATTHEW SMITH
Highlands Real Estate
223 E Laurel Ave Damascus, VA 24236
Estimated Value: $446,000 - $691,000
7
Beds
4.5
Baths
4,788
Sq Ft
$127/Sq Ft
Est. Value
Highlights
- Deck
- Bonus Room
- In-Law or Guest Suite
- Wood Flooring
- 3 Car Attached Garage
- Patio
About This Home
As of August 2019A Rivers Edge Lodging! This picturesque 1930's Craftsman style home rests on THE prime piece of real estate in the enchanting resort town of Damascus, Virginia.. Amenities as well as potential house and apartment combined will accommodate as many as 28 guests in one property, more than any other property in town. This property affords the owner a virtual monopoly on rentals to large groups of visitors. The expansive house(not including the apartment features 8 bedrooms and 4.5 baths, as well as 3 living rooms! The bright and open 11' x 23' gourmet kitchen with granite counter tops and clerestory windows is adjoined at either end by a bay breakfast nook overlooking Laurel Creek in the rear yard, a butler serving area, a computer nook and a beautiful 14' x 14' dining room with French doors, antique chandelier and gorgeous oak moldings. The main living room is 14.5' x 28' and focuses on a double sided brick fireplace with gas logs on both sides! This house is skillfully and thoughtfully set up to be subdivided into 3 separate rental quarters with private entrances, in the event the owner chooses to rent to 3 smaller groups rather than one large group. The 3 sections can easily be locked off from one another from the interior when required. No keys are required, as the exterior doors feature Schlage touch pad entry locksets. The outside of the house is equally amazing with a rear deck with remote Sunbrella awning overlooking Laurel Creek, a covered deep front porch, and a large second floor deck. The rear yard affords an area for Adirondack chair seating with fire pit on the banks of charming Laurel Creek. If you have been looking for a place to call home or a second home with an income stream set in place, then you owe yourself a serious look at this unique property. Rare is desirable and I know from experience that this property is rare and enjoys an incomparable location in the heart of Damascus. Call today for your showing!
Last Agent to Sell the Property
MATTHEW SMITH
Highlands Real Estate License #304086 Listed on: 01/22/2019
Last Buyer's Agent
Non Member
Non Member
Home Details
Home Type
- Single Family
Year Built
- Built in 1930
Lot Details
- 7,841 Sq Ft Lot
- Level Lot
- Property is in good condition
- Property is zoned C1
Parking
- 3 Car Attached Garage
Home Design
- Bungalow
- Brick Exterior Construction
- Shingle Roof
- Wood Siding
Interior Spaces
- 4,788 Sq Ft Home
- 2-Story Property
- Gas Log Fireplace
- Brick Fireplace
- Bonus Room
Kitchen
- Cooktop
- Microwave
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- In-Law or Guest Suite
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Deck
- Patio
Schools
- Rhea Valley Elementary School
- Damascus Middle School
- Holston High School
Utilities
- Central Heating and Cooling System
- Heat Pump System
Community Details
- FHA/VA Approved Complex
Listing and Financial Details
- Assessor Parcel Number 172B2-A-74
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 22, 2019
Closed on
Aug 15, 2019
Sold by
Underwood Alvin E and Glazener Kendall
Bought by
Forever Properties Llc
Seller's Agent
MATTHEW SMITH
Highlands Real Estate
Buyer's Agent
Non Member
Non Member
List Price
$479,000
Sold Price
$450,000
Premium/Discount to List
-$29,000
-6.05%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,132
Avg. Annual Appreciation
4.83%
Purchase Details
Listed on
Oct 3, 2013
Closed on
Nov 14, 2014
Sold by
Estate Of Clarence Everett Pru
Bought by
Glazewood Property Llc
Seller's Agent
RUSSELL MCBRIDE
DAMASCUS REALTY & AUCTIONS
Buyer's Agent
Brad Thompson
Wallace
List Price
$525,000
Sold Price
$315,000
Premium/Discount to List
-$210,000
-40%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.76%
Original Mortgage
$267,750
Interest Rate
4.17%
Mortgage Type
Land Contract Argmt. Of Sale
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
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Forever Properties Llc | $450,000 | Attorney | |
| Glazewood Property Llc | $315,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Glazewood Property Llc | $267,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/21/2019 08/21/19 | Sold | $450,000 | -6.1% | $94 / Sq Ft | |
| 07/24/2019 07/24/19 | Pending | -- | -- | -- | |
| 01/22/2019 01/22/19 | For Sale | $479,000 | +52.1% | $100 / Sq Ft | |
| 11/14/2014 11/14/14 | Sold | $315,000 | -40.0% | $66 / Sq Ft | View Prior Sale |
| 09/27/2014 09/27/14 | Pending | -- | -- | -- | |
| 10/03/2013 10/03/13 | For Sale | $525,000 | -- | $110 / Sq Ft |
Source: Tennessee/Virginia Regional MLS
Tax History Compared to Growth
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 | $2,455 | $277,400 | $35,000 | $242,400 |
| 2024 | $25 | $409,100 | $35,000 | $374,100 |
| 2023 | $2,455 | $409,200 | $35,000 | $374,200 |
| 2022 | $2,455 | $92,800 | $0 | $92,800 |
| 2021 | $2,455 | $409,200 | $35,000 | $374,200 |
| 2019 | $1,968 | $312,300 | $35,000 | $277,300 |
| 2018 | $1,968 | $312,300 | $35,000 | $277,300 |
| 2017 | $1,968 | $312,300 | $35,000 | $277,300 |
| 2016 | $1,536 | $243,800 | $35,000 | $208,800 |
| 2015 | $1,536 | $243,800 | $35,000 | $208,800 |
| 2014 | $1,536 | $243,800 | $35,000 | $208,800 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2019
Non Member
Non Member
-
R
Seller's Agent in 2014
RUSSELL MCBRIDE
DAMASCUS REALTY & AUCTIONS
-
Brad Thompson
B
Buyer's Agent in 2014
Brad Thompson
Wallace
(865) 805-8400
20 Total Sales
-
D
Buyer's Agent in 2014
DEBORAH ANDERSON
Better Homes and Gardens Real Estate Jackson Realty
Map
Source: Tennessee/Virginia Regional MLS
MLS Number: 416844
APN: 172B2-A-74
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