NOT LISTED FOR SALE

225 Park Ln Martinsville, VA 24112

Estimated Value: $141,000 - $163,000

3 Beds
1 Bath
1,277 Sq Ft
$120/Sq Ft Est. Value

Last Sold November 01, 2021

Last sale price $90,000 $70 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $868/month

143 Days on Market

Highlights

  • Wood Burning Stove
  • Wood Flooring
  • 1 Attached Carport Space
  • Ranch Style House
  • Fireplace
  • Forced Air Heating and Cooling System

About This Home

As of November 2021

3 bed 1 bath home. Conveniently located just outside of Martinsville near US 220/58 Bypass. Sq. ft. lot size est. Information taken from tax assessment and/or seller.

Last Agent to Sell the Property

Cathy Spencer

THE SPENCER GROUP RE AND AUCTION Listed on: 06/08/2021

Last Buyer's Agent

Roxanne Roberts

CENTURY 21 ALL-SERVICE

CENTURY 21 ALL-SERVICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $370

Year Built

  • Built in 1960

Lot Details

  • 0.51 Acre Lot
  • Property is zoned s-r

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 1,277 Sq Ft Home
  • Fireplace
  • Wood Burning Stove
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Electric Range
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • 1 Attached Carport Space

Schools

  • Mount Olivet Elementary School
  • Laurel Park Middle School
  • Magna Vista High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$370

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.51
  • Road Surface Type: Paved
  • Subdivision Name: Other
  • Directions: From Martinsville 58 East towards Laurel Park, right on Park Lane home on left
  • Above Grade Finished Sq Ft: 1277
  • Architectural Style: Ranch
  • Carport Y N: Yes
  • Unit Levels: One
  • New Construction: No
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Appliances: Electric Range
  • Has Basement: Full, Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning Stove
  • Fireplace: Yes
  • Flooring: Tile, Vinyl, Wood
  • Interior Amenities: 1st Floor Bedroom
  • Living Area: 1277

Exterior Features

  • Lot Features: Less than 1 acre
  • Home Warranty: No
  • Construction Type: Brick
  • Patio And Porch Features: None
  • Property Condition: 41 to 75 Years Old
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1
  • Covered Parking Spaces: 1
  • Parking Features: Carport-Single Attached
  • Total Parking Spaces: 1

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Oil, Forced Air
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Schools

  • Elementary School: Mount Olivet
  • High School: Magna Vista
  • Middle Or Junior School: Laurel Park

Lot Info

  • Lot Size Sq Ft: 22215.6
  • Zoning: s-r
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 369.63

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2021
Closed on
Nov 1, 2021
Sold by
Martin Shawaii Moyer and Hall Zandra Moyer
Bought by
Posey Jeanette
Seller's Agent
Cathy Spencer
THE SPENCER GROUP RE AND AUCTION
Buyer's Agent
Roxanne Roberts
CENTURY 21 ALL-SERVICE
List Price
$75,000
Sold Price
$90,000
Premium/Discount to List
$15,000
20%
Current Estimated Value
$153,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,545
Avg. Annual Appreciation
16.87%
Original Mortgage
$88,369
Outstanding Balance
$80,933
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$82,072
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 Buyer Sale Price Title Company
Posey Jeanette $90,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Posey Jeanette $88,369
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2021 11/01/21 Sold $90,000 +20.0% $70 / Sq Ft
11/01/2021 11/01/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $75,000 -- $59 / Sq Ft
Source: Dan River Region 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 $370 $66,600 $6,300 $60,300
2023 $370 $66,600 $6,300 $60,300
2022 $370 $66,600 $6,300 $60,300
2021 $370 $66,600 $6,300 $60,300
2020 $369 $66,400 $6,300 $60,100
2019 $369 $66,400 $6,300 $60,100
2018 $36,852 $66,400 $6,300 $60,100
2017 $36,852 $66,400 $6,300 $60,100
2016 $32,403 $66,400 $6,300 $60,100
2015 $32,403 $66,400 $6,300 $60,100
2014 -- $66,400 $6,300 $60,100
Source: Public Records

Agents Affiliated with this Home

  • Cathy Spencer

    Seller's Agent in 2021

    Cathy Spencer

    THE SPENCER GROUP RE AND AUCTION

    (276) 732-8772

    430 Total Sales

    Cathy Spencer
    Section Image

  • R

    Buyer's Agent in 2021

    Roxanne Roberts

    CENTURY 21 ALL-SERVICE

    (804) 313-1710

    117 Total Sales

    Roxanne Roberts
    Section Image
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Map

Source: Dan River Region Association of REALTORS®

MLS Number: 63371

APN: 157740000

Virginia Henry County Martinsville 24112

225 Park Ln, Martinsville, VA

This home is located at 225 Park Ln, Martinsville, VA 24112 since 08 June 2021 and is currently estimated at $153,545, approximately $120 per square foot. This property was built in 1960. 225 Park Ln is a home located in Henry County with nearby schools including Mount Olivet Elementary School, Laurel Park Middle School, and Magna Vista 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.

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