NOT LISTED FOR SALE

227 Reece Rd SW Willis, VA 24380

Estimated Value: $177,000 - $323,000

10.5 Acres
$23,851 Price per Acre
457,380 Sq Ft Lot

Last Sold August 11, 2021

Last sale price $61,000

Est. 311% increase in value since last sale

Current estimated payment $1,377/month

Highlights

  • Barn
  • Home fronts a creek
  • Secluded Lot
  • Horse Property
  • Farm
  • No HOA

About This Lot

As of August 2021

Over 10 mostly level or gently slowing acres tucked off a low traffic road in the Willis community of Floyd County, Virginia. As youenter the driveway, there is a nice open and level field to the left that leads you to one of two gates at the perimeter fencing. Stream/branch at lowerboundary in the wooded area. Several storage buildings and sheds already in place on this mini farm. Old home place has two electric meter bases andwell and septic. No known restrictions.

Last Agent to Sell the Property

Kelly Thomas

Thomas and Wall Real Estate License #0225089532 Listed on: 05/11/2021

Last Buyer's Agent

Non Member Non Member

Non Member Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $395

Lot Details

  • 10.5 Acre Lot
  • Home fronts a creek
  • The property's road front is unimproved
  • Property fronts a highway
  • Partially Fenced Property
  • Secluded Lot
  • Level Lot
  • Irregular Lot
  • Cleared Lot

Schools

  • Floyd County Elementary School
  • None Middle School
  • Floyd County High School

Farming

  • Barn
  • Farm
  • Livestock Allowed

Utilities

  • Well
  • Septic Tank

Community Details

Overview

  • No Home Owners Association

Recreation

  • Horse Property
  • Outbuilding

Property Details

Property Type

Land

Est. Annual Taxes

$395

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Horses: Yes
  • Lot Size Acres: 10.5
  • Lot Size: See Survey
  • Road Frontage Type: Highway
  • Road Surface Type: Unimproved
  • Subdivision Name: None
  • Directions: From intersection of 221 and 8 at The Stoplight in Floyd, 221 South for to LEFT on Reece Rd (#624), go 0.4 to left at sign with shareddriveway for 225 Reece Rd. Property entrance is second gate on the RIGHT.
  • Special Features: None

Interior Features

  • Possible Use: Hobby Farm, Current Use, Residential, Acreage, Farm, Modular, Manufactured Home, Single Family
  • Other Equipment: Equipment Leased(None Known)

Exterior Features

  • Fencing: Fenced, Partial
  • Lot Features: Livestock Permitted, Farm, Secluded, Cleared, Horse Property, Water Frontage, Irregular Lot, Mini Farm
  • Topography: Mostly Level
  • Waterfront Features: Water Frontage, Creek
  • Waterfront: Yes
  • Disclosures: Other-See Remarks
  • Other Structures: Barn(s), Outbuilding, Additional Structures(See Remarks)

Utilities

  • Electric: Other-See Remarks
  • Electricity On Property: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available
  • Water Source: Well
  • Gas Company: Unknown

Condo/Co-op/Association

  • Association: No

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Floyd County
  • High School: Floyd County
  • Middle Or Junior School: None

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 457380
  • Zoning: No Zoning
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 395
  • Tax Lot: 0
  • Tax Map Number: 60-131
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2022
Sold by
Sowers Katherine M
Bought by
Native Construction & Land Clearing Llc
Current Estimated Value
$250,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
5.89%
Mortgage Type
Construction

Purchase Details

Listed on
May 11, 2021
Closed on
Aug 3, 2021
Sold by
Pentecost Margaret B
Bought by
Sowers Katherine M
Seller's Agent
Kelly Thomas
Thomas and Wall Real Estate
Buyer's Agent
Non Member Non Member
Non Member Office
List Price
$60,500
Sold Price
$61,000
Premium/Discount to List
$500
0.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.25%
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Native Construction & Land Clearing Llc $135,000 Fidelity National Title
Sowers Katherine M $61,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Native Construction & Land Clearing Llc $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2021 08/11/21 Sold $61,000 +0.8% --
05/13/2021 05/13/21 Pending -- -- --
05/12/2021 05/12/21 For Sale $60,500 -- --
Source: Southwest Virginia 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
2025 $907 $206,200 $85,200 $121,000
2024 $405 $60,500 $46,500 $14,000
2023 $393 $60,500 $46,500 $14,000
2022 $393 $60,500 $46,500 $14,000
2021 $381 $60,500 $46,500 $14,000
2020 $363 $60,500 $46,500 $14,000
2019 $363 $60,500 $46,500 $14,000
2018 $363 $60,500 $46,500 $14,000
2017 $528 $96,000 $57,900 $38,100
2016 $528 $96,000 $57,900 $38,100
2015 -- $96,000 $57,900 $38,100
2014 -- $96,600 $60,000 $36,600
Source: Public Records

Agents Affiliated with this Home

  • Kelly Thomas

    Seller's Agent in 2021

    Kelly Thomas

    Thomas and Wall Real Estate

    (540) 808-7490

    168 Total Sales

    Kelly Thomas
    Section Image

  • N

    Buyer's Agent in 2021

    Non Member Non Member

    Non Member Office

See All Agents

Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 78241

APN: 60-131

Virginia Floyd County Willis 24380

227 Reece Rd SW, Willis, VA

Not Listed for Sale

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