NOT LISTED FOR SALE

2368 Colby Dr Forest, VA 24551

Estimated Value: $525,009 - $624,000

4 Beds
2.5 Baths
2,606 Sq Ft
$221/Sq Ft Est. Value

Last Sold October 16, 2020

Last sale price $371,000 $142 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $3,106/month

81 Days on Market

Highlights

  • Wood Flooring
  • Attic
  • Tennis Courts
  • Whirlpool Bathtub
  • Great Room
  • Formal Dining Room

About This Home

As of October 2020

Gorgeous red brick home located in the wonderful neighborhood of Sommerset Meadows. This home has beautiful hardwood floors throughout and tile in the bathrooms - no carpet! Office provides a great private work area with lovely french doors. Charming eat-in kitchen with stainless appliances (the range/oven is brand new) and granite countertops. HVAC has all BRAND NEW units! Beautiful large oak tree in the front yard that provides ample shade. Conveniently located with grocery shopping, restaurants, and 460 right around the corner. If you enjoy your time out on the links, don't forget about London Downs Golf Course just down the street.

Last Agent to Sell the Property

Devon Wills

DeWitt Real Estate & Auctions License #0225235581 Listed on: 06/18/2020

Last Buyer's Agent

Nadine Blakely

Re/Max 1st Olympic License #0225103715

Re/Max 1st Olympic

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,700

Year Built

  • Built in 2007

Lot Details

  • 0.51 Acre Lot
  • Landscaped

HOA Fees

  • $33 Monthly HOA Fees

Home Design

  • Poured Concrete
  • Shingle Roof

Interior Spaces

  • 2,606 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Fireplace
  • Great Room
  • Formal Dining Room
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Whirlpool Bathtub

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Attic

  • Attic Floors
  • Walkup Attic

Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Rough-In Basement Bathroom

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Location

  • Property is near golf course

Schools

  • New London Academy Elementary School
  • Forest Midl Middle School
  • Jefferson Forest-Hs High School

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • Somerset Meadows Subdivision

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,700

Year Built

Built in 2007

Lot Details

0

HOA Fees

$33 per month

Listing Details

  • FILLACRES: 0.5100
  • AssocFeeOptional: Required
  • Directions: From Lynchburg: RT 460W, Left on New London Rd., Right on Sommmerset Dr., Left on Colby Dr., Home on the Right. From Bedford: RT 460E, Right on New London Rd., Right on Sommmerset Dr., Left on Colby Dr., Home on the Right.
  • Lot Measurement: Acres
  • Lot Sq Ft: 22216.00
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • Year Built: 2007
  • Heating System: Heat Pump, Two-Zone
  • Building Stories: Two, Three Or More
  • Dwelling Styles: Two Story
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 0.000 x 0.000
  • Masterbedroom Area: 234.000000
  • Master Bedroom Dim: 18.000 x 13.000
  • Masterbedroom Len: 18.000
  • Masterbedroom Wid: 13.000
  • Office Dim: 12.000 x 12.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 3.00
  • Bathrooms Display: 3 (2 1)
  • Lower Floor 1 Bedrooms: 4
  • Broker Approved: Yes
  • High School2: Jefferson Forest-HS
  • Legal Description: Somerset Meadows, Sec 5 Lot 148 PB 44/132
  • Middle School2: Forest Midl
  • Reciprocal Listing: No
  • Second Bedroom: 12x12 Level: Level 2 Above Grade
  • Second Bedroom Area: 144.000000
  • Third Bedroom: 12x12 Level: Level 2 Above Grade
  • Third Bedroom Area: 144.000000
  • Fourth Bedroom: 14x13 Level: Level 2 Above Grade
  • Fourth Bedroom Area: 182.000000
  • Above Grade Finished Sq Ft: 2606.00
  • ApplianceConvey: Dishwasher, Dryer, Microwave, Range-Elec, Refrigerator, Washer
  • Has Attic: Floored, Walk-Up Stairs, Windows
  • Has Basement: Full, Heated, Poured Concrete, Roughed in Bath
  • Flooring: Tile, Wood
  • Year Built Exception: 0
  • Family Room: 21x13 Level: Level 1 Above Grade
  • Fireplace: 1 Fireplace
  • Formal Dining: 12x12 Level: Level 1 Above Grade
  • Level 2 Full Bathrooms: 2
  • First Level Half Bathrooms: 1
  • Interior Amenities: Cable Available, Cable Connections, Ceiling Fan(s), Drywall, Great Room, High Speed Data Aval, Master Bed w/ Bath, Separate Dining Room, Smoke Alarm, Walk-In Closet(s), Whirlpool Tub
  • Dining Kitchen: 20x12 Level: Level 1 Above Grade
  • Laundry: Second Floor
  • Master Bedroom: 18x13 Level: Level 2 Above Grade
  • Office: 12x12 Level: Level 1 Above Grade
  • Porch: 8x5 Level: Level 1 Above Grade
  • FamilyRoom Area: 273.000000
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 240.000000
  • Office Area: 144.000000
  • Est Other Room1 Dim: 0.000 x 0.000
  • Est Other Room2 Dim: 0.000 x 0.000
  • Est Other Room3 Dim: 0.000 x 0.000
  • Rec Room Dim: 0.000 x 0.000
  • Sunroom Dim: 0.000 x 0.000

Exterior Features

  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Concrete Drive, Landscaped, Tennis Courts Nearby, Golf Nearby
  • Patio: 14x12 Level: Level 1 Above Grade

Garage/Parking

  • Attached Garage: 2 Car
  • Garage Spaces: Garage Door Opener
  • Garage Area: 528.000000
  • Garage Dim: 24.000 x 22.000
  • GarageLen: 24.000
  • GarageWid: 22.000

Utilities

  • Utility Electric: AEP/Appalachian Powr
  • Air Conditioner: Heat Pump, Two-Zone
  • Sewer: Septic Tank
  • Hot Water: County
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Fee Frequency: Yearly
  • HOA: Lynchburg Board of Realtors
  • Association Fee: 400.00
  • Subdivision Complex: Somerset Meadows

Schools

  • Elementary School #2: New London Academy
  • School District: Bedford

Lot Info

  • Lot Sq Ft: 2606.00

Tax Info

  • Estimated Taxes: 1700

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2016
Closed on
Jun 12, 2017
Sold by
Cowras Paul G and Cowras Karen E
Bought by
Liu Xuejian and Xiong Tingyao
Seller's Agent
Gregory Blanks
Blanks Properties, Inc.
Buyer's Agent
Scott Estes
RE/MAX 1st Olympic
List Price
$355,000
Sold Price
$335,000
Premium/Discount to List
-$20,000
-5.63%
Current Estimated Value
$558,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,684
Avg. Annual Appreciation
6.55%
Original Mortgage
$301,500
Outstanding Balance
$250,785
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$325,467

Purchase Details

Closed on
Feb 8, 2010
Sold by
J C Laughlin Builder Inc
Bought by
Cowras Paul G and Cowras Karen E
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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Purchase History

Date Buyer Sale Price Title Company
Liu Xuejian $335,000 Reliance Title & Stlmnt Llc
Cowras Paul G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu Xuejian $301,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2020 10/16/20 Sold $371,000 -2.4% $142 / Sq Ft
09/07/2020 09/07/20 Pending -- -- --
06/18/2020 06/18/20 For Sale $379,999 +13.4% $146 / Sq Ft
06/16/2017 06/16/17 Sold $335,000 -5.6% $129 / Sq Ft View Prior Sale
06/15/2017 06/15/17 Pending -- -- --
06/06/2016 06/06/16 For Sale $355,000 -- $136 / Sq Ft
Source: Lynchburg 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 $1,813 $442,100 $70,000 $372,100
2024 $1,813 $442,100 $70,000 $372,100
2023 $1,813 $221,050 $0 $0
2022 $1,638 $163,800 $0 $0
2021 $1,638 $327,600 $60,000 $267,600
2020 $1,638 $327,600 $60,000 $267,600
2019 $1,638 $327,600 $60,000 $267,600
2018 $1,624 $312,400 $55,000 $257,400
2017 $1,624 $312,400 $55,000 $257,400
2016 $1,624 $312,400 $55,000 $257,400
2015 $1,624 $312,400 $55,000 $257,400
2014 $1,630 $313,500 $55,000 $258,500
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Devon Wills

    DeWitt Real Estate & Auctions

    Section Image
  • Nadine Blakely

    Buyer's Agent in 2020

    Nadine Blakely

    RE/MAX

    (434) 444-2226

    387 Total Sales

    Nadine Blakely
    Section Image

  • G

    Seller's Agent in 2017

    Gregory Blanks

    Blanks Properties, Inc.

    Section Image
  • Scott Estes

    Buyer's Agent in 2017

    Scott Estes

    RE/MAX

    7 Total Sales

    Scott Estes
    Section Image

  • W

    Buyer's Agent in 2017

    William Estes

    RE/MAX

    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 325604

APN: 153-23-148

Virginia Bedford County Forest 24551

2368 Colby Dr, Forest, VA

Not Listed for Sale

Detached

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