NOT LISTED FOR SALE

2305 Bailey Dr Henrico, VA 23231

Estimated Value: $249,000 - $272,076

2 Beds
1 Bath
864 Sq Ft
$298/Sq Ft Est. Value

Last Sold September 24, 2020

Last sale price $170,000 $197 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,517/month

7 Days on Market

Highlights

  • Wood Flooring
  • Oversized Parking
  • Heat Pump System
  • 2 Car Garage
  • Cooling Available
  • 1-Story Property

About This Home

As of September 2020

What a sweet place to call home. Hardwood floors, arched doorway, updated kitchen with stainless double sink, dishwasher and stove. An oversized 576 sq ft 2 bay garage was built in 2008 with it's own 200 amp electric service. Fenced rear yard. Paved drive. Newer roof and 13 seer Trane heat pump approx 3 years old. Water lines have been replaced. Henrico County Taxes. Note that there are hardwood floors under the carpet in the bedrooms.

Last Agent to Sell the Property

Terri Brennan

Compass License #0225062507 Listed on: 07/30/2020

Compass

Last Buyer's Agent

Joshua Lee

Real Broker LLC License #0225219748

Real Broker LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,009

Year Built

  • Built in 1950

Lot Details

  • 10,738 Sq Ft Lot
  • Back Yard Fenced
  • Zoning described as R4

Parking

  • 2 Car Garage
  • Oversized Parking
  • Workshop in Garage
  • Driveway

Home Design

  • Fire Rated Drywall
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 864 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Crawl Space

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Schools

  • Montrose Elementary School
  • Rolfe Middle School
  • Varina High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Water Heater

Community Details

  • Montrose Heights Subdivision

Listing and Financial Details

  • Tax Lot 51
  • Assessor Parcel Number 805-715-2737

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,009

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1950
  • Property Attached Yn: No
  • Lot Size Acres: 0.2465
  • Ownership: Individuals
  • Subdivision Name: Montrose Heights
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Basement: Crawl Space
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Refrigerator, Stove, Washer
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Bedroom on Main Level, Main Level Primary
  • Living Area: 864.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition, Shingle
  • Fencing: Back Yard, Chain Link, Fenced
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Aluminum Siding, Drywall, Frame
  • Exterior Features: Paved Driveway
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Direct Access, Driveway, Detached, Garage, Oversized, Paved, Workshop in Garage

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Heat Pump
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Rolfe

Lot Info

  • Parcel Number: 805-715-2737
  • Zoning Description: R4
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1009.0
  • Tax Lot: 51

MLS Schools

  • Elementary School: Montrose
  • High School: Varina

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2020
Closed on
Sep 17, 2020
Sold by
Goldsby Joseph C and Goldsby Katherine B
Bought by
Kneebone Todd C and Kneebone Jane E
Seller's Agent
Terri Brennan
Compass
Buyer's Agent
Joshua Lee
Real Broker LLC
List Price
$165,000
Sold Price
$170,000
Premium/Discount to List
$5,000
3.03%
Current Estimated Value
$257,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,769
Avg. Annual Appreciation
8.12%
Original Mortgage
$127,500
Outstanding Balance
$113,148
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$144,621

Purchase Details

Closed on
Jul 28, 2008
Sold by
Adams David L
Bought by
Goldsby Joseph C

Purchase Details

Closed on
Oct 26, 2004
Sold by
Jonse Marla
Bought by
Adams David G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Kneebone Todd C $170,000 Attorney
Goldsby Joseph C $90,000 --
Adams David G $27,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kneebone Todd C $127,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2020 09/24/20 Sold $170,000 +3.0% $197 / Sq Ft
08/06/2020 08/06/20 Pending -- -- --
07/30/2020 07/30/20 For Sale $165,000 -- $191 / Sq Ft
Source: Central Virginia Regional MLS

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 $2,200 $235,400 $43,000 $192,400
2024 $2,200 $224,000 $38,000 $186,000
2023 $1,904 $224,000 $38,000 $186,000
2022 $1,608 $189,200 $36,000 $153,200
2021 $1,429 $116,000 $26,000 $90,000
2020 $0 $116,000 $26,000 $90,000
2019 $0 $108,200 $24,000 $84,200
2018 $0 $101,500 $24,000 $77,500
2017 $0 $95,700 $24,000 $71,700
2016 $0 $91,500 $24,000 $67,500
2015 -- $91,500 $24,000 $67,500
2014 -- $91,500 $24,000 $67,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2023028

Central Virginia Regional MLS

APN: 805-715-2737