NOT LISTED FOR SALE

225 Baugh Ln NE Abingdon, VA 24210

14 Beds
7 Baths
6,550 Sq Ft
1.67 Acres

Last Sold June 01, 2020

Last sale price $385,000 $59 Per Sq Ft

17 Days on Market

Highlights

  • 1.67 Acre Lot
  • Laundry Room
  • Ceiling Fan
  • Greendale Elementary School Rated 9+
  • Central Heating and Cooling System
  • Washer and Dryer

About This Home

As of June 2020

This 7 unit property is fully rented and ready for it's new owner! This all brick property contains 1.67 acres... perfect for the landlord who wants to build more units one day in the future. All 7 units are rented with rents ranging from $545-$595.. totally monthly rental income is $4,005. BRAND NEW ROOF in 2019. Carpet has been removed and laminate flooring installed in 4 of the units recently. All 7 units have their own electric meters. Landlord pays water/sewer/trash. Each unit has 2 assigned parking spots each. Owner has an assumable loan. OWNER/AGENT.

Last Agent to Sell the Property

Matt Smith

Highlands Realty, Inc. Listed on: 02/21/2020

Last Buyer's Agent

Non Member Non Member

Non Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,990

Year Built

  • Built in 1978

Lot Details

  • 1.67 Acre Lot
  • No Landscaping
  • Property is in good condition

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Fire Rated Drywall
  • Shingle Roof

Interior Spaces

  • 6,550 Sq Ft Home
  • Ceiling Fan
  • Insulated Windows
  • Carpet
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer

Schools

  • Abingdon Elementary School
  • E B Stanley Middle School
  • Abingdon High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Separate Meters
  • Natural Gas Not Available
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $575
  • Tax Lot 1

Community Details

Overview

  • 7 Units

Building Details

  • Gross Income $48,060
  • Net Operating Income $39,070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,990

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.67
  • Lot Size: Appro x . 1.67 Acres
  • Road Surface Type: Paved
  • Directions: On I-81 North, take Exit 19. Turn left onto E. Main Street. Turn right onto Thompson Drive. Turn right onto Baugh Lane. Property is on the right. Edgemont Townhouses.
  • Above Grade Finished Sq Ft: 5700
  • Structure Type: One Building, Side by Side
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator, Electric Water Heater, 2 Bdrm-Washer/Dryer, 2 Bdrm-Dishwasher, 2 Bdrm-Stove, 2 Bdrm-Refrigerator
  • Has Basement: Crawl Space
  • Total Bedrooms: 14
  • Below Grade Sq Ft: 850
  • Fireplace Features: None
  • Flooring: Carpet
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 6550
  • Window Features: Insulated Windows

Exterior Features

  • Lot Features: No Landscaping
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Property Disclosure
  • Construction Type: Brick, Dry Wall
  • Foundation Details: Block
  • Property Condition: Exterior Condition: Good, Interior Condition: Good
  • Roof: Shingle

Utilities

  • Laundry Features: Laundry Closet, Laundry Room
  • Security: Smoke Detector(s)
  • Cooling: Central Air, 2 Bdrm-Central A/C
  • Cooling Y N: Yes
  • Heating: Central, Heat Pump
  • Heating Yn: Yes
  • Electric: Separate Meters
  • Sewer: Public Sewer, Septic Tank
  • Utilities: Cable Connected, Natural Gas Not Available
  • Water Source: Public

Schools

  • Elementary School: Abingdon
  • High School: Abingdon
  • Middle Or Junior School: E B Stanley

Lot Info

  • Lot Size Sq Ft: 72745.2
  • Zoning: R3
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 7
  • Annual Gross Income: 48060
  • Property Net Operating Income: 39070
  • Number Of Units Leased: 7
  • Total Actual Rent: 575
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 2990
  • Tax Lot: 1
  • Tax Map Number: 084B-5-1
  • Tax Year: 2019

Range of Values:

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List Price
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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
06/01/2020 06/01/20 Sold $385,000 -10.3% $59 / Sq Ft
03/10/2020 03/10/20 Pending -- -- --
02/21/2020 02/21/20 For Sale $429,000 -- $65 / Sq Ft
Source: Southwest Virginia Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Matt Smith

    Highlands Realty, Inc.

  • N

    Buyer's Agent in 2020

    Non Member Non Member

    Non Member Office

See All Agents

Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 73081

Virginia Washington County Abingdon 24210

225 Baugh Ln NE, Abingdon, VA

This home is located at 225 Baugh Ln NE, Abingdon, VA 24210 since 21 February 2020. This property was built in 1978. 225 Baugh Ln NE is a home located in Washington County with nearby schools including Greendale Elementary School, E.B. Stanley Middle School, and Abingdon High School.

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