NOT LISTED FOR SALE

24 Ridgewood Dr Troutville, VA 24175

Estimated Value: $319,000 - $371,030

3 Beds
2 Baths
2,254 Sq Ft
$151/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $325,000 $144 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,040/month

66 Days on Market

Highlights

  • Lake View
  • Ranch Style House
  • No HOA
  • Colonial Elementary School Rated A-
  • 2 Fireplaces
  • Covered Patio or Porch

About This Home

As of February 2024

MOTIVATED SELLER! This charming 3-bed, 2-bath ranch is nestled in the sought-after Rainbow Forest Subdivision & presents an ideal blend of coziness and natural allure. Convenient location to both Bedford & Roanoke, with the newer Colonial Elem. School right down the road. Aside from captivating mountain views, this home showcases brand-new bamboo flooring & a generously-sized living room, complete with a beautiful fireplace. Recent renovations include a new heat pump, upgraded subfloor, revamped primary bath, & the addition of a radon detector. The playground in the backyard is a fantastic addition, providing ample space to create lasting memories. Enjoy easy access to the nearby lake through the Rainbow Forest Lake Assn! Be sure to schedule your showing today!

Last Agent to Sell the Property

Kaylin Moore

KELLER WILLIAMS REALTY LYNCHBURG License #0225254718 Listed on: 11/07/2023

KELLER WILLIAMS REALTY LYNCHBURG

Last Buyer's Agent

Greg Myers

MKB, REALTORS(r) License #0225166342

MKB, REALTORS(r)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,540

Year Built

  • Built in 1973

Lot Details

  • 0.55

Property Views

  • Lake
  • Mountain

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • 2 Fireplaces
  • Gas Log Fireplace

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 1 Parking Space
  • Attached Carport
  • Off-Street Parking

Schools

  • Colonial Elementary School
  • Read Mountain Middle School
  • Lord Botetourt High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Covered Patio or Porch
  • 0.55 Acre Lot

Community Details

  • No Home Owners Association
  • Rainbow Forest Subdivision

Listing and Financial Details

  • Legal Lot and Block 24 / 24

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,540

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan, Gas Log Fireplace
  • Heating System: Heat Pump Electric
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Clothes Washer, Dishwasher, Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric
  • Outside Features: Covered Porch
  • Views: Lake, Mountain
  • BedroomsBREntryLevel: 3
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1350.00
  • Fireplace Number Fireplaces: 2
  • FullBathsFullBathsEntryLvl: 2
  • Grand Total Attached S Q F T: 2254
  • InternetAccessCurntInternetProv: Xfinity
  • LaundryLaundryLowerLevel: 1
  • LowerBelowGrdFin Sq Ft: 904.00
  • Major Area: 07 - Botetourt County
  • MasterBedroomsMasterBREntryLvl: 1
  • NumberPrimCovSpaces: 1.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Carport Attached
  • RatifiedContractDt: 2024-01-12
  • Residential Type: Detached
  • Style Of House: Ranch
  • Total Above Grd Fin S Q F T: 1350
  • TotalBdrm: 3
  • TotalBths: 2.00
  • TotalCovdPrkSpc: 1.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 2254.00
  • Uncovered Parking: Off Street Parking
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch

Utilities

  • Sewer Description: Private Septic
  • Water Description: Public Water
  • Water Heater Type: Tank

Schools

  • Elementary School: Colonial
  • Middle School: Read Mountain
  • High School: Lord Botetourt

Lot Info

  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.55
  • Lot: 24
  • ZoningCode: R-1

Building Info

  • Year Built: 1973

Tax Info

  • Taxes (6 mo): 1540.00
  • FILLTAXID: 108A(1)BK24-24

MLS Schools

  • Elementary School: Colonial
  • HighSchool: Lord Botetourt
  • Middle School: Read Mountain

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2023
Closed on
Feb 8, 2024
Sold by
Roberts John S and Roberts Renea Erin
Bought by
Hypes Paula A
Seller's Agent
Kaylin Moore
KELLER WILLIAMS REALTY LYNCHBURG
Buyer's Agent
Greg Myers
MKB, REALTORS(r)
List Price
$334,900
Sold Price
$325,000
Premium/Discount to List
-$9,900
-2.96%
Views
258
Current Estimated Value
$341,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,258
Avg. Annual Appreciation
0.87%
Original Mortgage
$285,000
Outstanding Balance
$281,333
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$47,795

Purchase Details

Closed on
May 6, 2019
Sold by
Roberts John S
Bought by
Roberts John S and Roberts Renea Erin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,191
Interest Rate
4%
Mortgage Type
FHA

Purchase Details

Listed on
May 15, 2013
Closed on
Jul 15, 2013
Sold by
Swain Samuel D
Bought by
Roberts John S
Seller's Agent
Dinah Moser
LONG & FOSTER - ROANOKE OFFICE
Buyer's Agent
Wayne Amos
LONG & FOSTER - ROANOKE OFFICE
List Price
$164,950
Sold Price
$168,950
Premium/Discount to List
$4,000
2.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.71%
Original Mortgage
$172,397
Interest Rate
3.83%
Mortgage Type
New Conventional
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
Hypes Paula A $325,000 First American Title
Roberts John S -- None Available
Roberts John S $168,950 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hypes Paula A $285,000
Previous Owner Erin Roberts Jr John S $197,191
Previous Owner Roberts John S $172,397
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2024 02/29/24 Sold $325,000 -3.0% $144 / Sq Ft
01/12/2024 01/12/24 Pending -- -- --
01/06/2024 01/06/24 For Sale $334,900 0.0% $149 / Sq Ft
01/06/2024 01/06/24 Price Changed $334,900 +3.0% $149 / Sq Ft
01/05/2024 01/05/24 Off Market $325,000 -- --
12/11/2023 12/11/23 Price Changed $339,900 -2.9% $151 / Sq Ft
11/07/2023 11/07/23 For Sale $349,900 +107.1% $155 / Sq Ft
08/16/2013 08/16/13 Sold $168,950 +2.4% $75 / Sq Ft
06/20/2013 06/20/13 Pending -- -- --
05/15/2013 05/15/13 For Sale $164,950 -- $73 / Sq Ft
Source: Roanoke Valley 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 $2,059 $294,200 $42,000 $252,200
2023 $1,540 $194,900 $34,000 $160,900
2022 $1,540 $194,900 $34,000 $160,900
2021 $1,540 $194,900 $34,000 $160,900
2020 $1,540 $194,900 $34,000 $160,900
2019 $1,428 $180,700 $32,000 $148,700
2018 $1,428 $180,700 $32,000 $148,700
2017 $1,428 $180,700 $32,000 $148,700
2016 $1,428 $180,700 $32,000 $148,700
2015 $1,350 $187,500 $35,000 $152,500
2014 $1,350 $187,500 $35,000 $152,500
2010 -- $187,500 $35,000 $152,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 903037

Roanoke Valley Association of REALTORS®

APN: 108A(1)BK24-24