NOT LISTED FOR SALE

241 Gray Dr Abingdon, VA 24210

27 Beds
27 Baths
11,810 Sq Ft
0.97 Acres

Last Sold June 17, 2021

Last sale price $630,000 $53 Per Sq Ft

562 Days on Market

Highlights

  • 0.97 Acre Lot
  • Mature Trees
  • Cooling System Mounted To A Wall/Window
  • Greendale Elementary School Rated 9+
  • Paneling
  • Baseboard Heating

About This Home

As of June 2021

THREE BRICK BUILDINGS WITH 14 APARTMENT UNITS; BUILDING #1 241-243-245-247 GRAY DR.HAS FOUR UNITS FEATURING TWO BEDROOMS, ONE BATH, LIVING AND DINING AREA, KITCHEN, WITH ELECTRIC CEILING - BASEBOARD HEAT ,AND WINDOW AC. BUILDING #2 253-255-257-259-252A- 252B GRAY DRIVE HAS FIVE UNITS FEATURING TWO BEDROOMS, ONE BATH, LIVING AND DINING AREA, KITCHEN. THIS BUILDING HAS TWO BASEMENT UNITS A ONE BEDROOM UNIT, AND A TWO BEDROOM UNIT.BUILDING #3 261-263-265-267 GRAY DRIVE HAS FOUR TOWN HOUSE STYLE UNITS FEATURING TWO BEDROOMS, LIVING AND DINING AREA, 1.5 BATHS, AND KITCHEN, EACH UNIT HAS CEILING - BASEBOARD HEAT, AND WINDOW AC.;INCOME AND EXPENSES ARE BASED ON ALL UNITS BEING RENTED..EXPENSES ARE ESTIMATED AT 30% OF INCOME.

Last Agent to Sell the Property

Ralph Johnson

Meade Realty License #0225006140 Listed on: 10/08/2019

Last Buyer's Agent

Ralph Johnson

Meade Realty License #0225006140 Listed on: 10/08/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,387

Year Built

  • Built in 1969

Lot Details

  • 0.97 Acre Lot
  • Lot Dimensions are 290 x 145 x 290 x 145
  • Mature Trees

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Block Foundation
  • Fire Rated Drywall
  • Shingle Roof

Interior Spaces

  • 11,810 Sq Ft Home
  • Paneling

Kitchen

  • Oven or Range
  • Stove
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 27 Bedrooms
  • 27 Bathrooms

Finished Basement

  • Laundry in Basement
  • Crawl Space

Parking

  • Paved Parking
  • Open Parking

Schools

  • Greendale Elementary School
  • E B Stanley Middle School
  • Abingdon High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating unit installed on the ceiling
  • Baseboard Heating
  • Master Meter
  • Natural Gas Not Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $875
  • Tax Lot 15-16-17

Community Details

Overview

  • 14 Units

Building Details

  • Insurance Expense $2,590
  • Other Expense $9,461
  • Gross Income $79,500
  • Net Operating Income $55,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,387

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.97
  • Lot Size: 290 x 145 x 290 x 145
  • Road Surface Type: Paved
  • Directions: FROM EXIT 17 OF INTERSTATE 81 GO NORTH ON CUMMINGS STREET TO VALLEY STREET, RIGHT ON VALLEY STREET TO WALDEN ROAD, CONTINUE ON WALDEN ROAD TO GRAY DRIVE, LEFT ON GRAY DRIVE TO PROPERTY ON LEFT.
  • Structure Type: Multiple Buildings, Up & Down
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator, Electric Water Heater, 1 Bdrm-Stove, 2 Bdrm-Stove, 1 Bdrm-Refrigerator, 2 Bdrm-Refrigerator
  • Has Basement: Crawl Space, Finished
  • Total Bedrooms: 27
  • Fireplace Features: None
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Paneling
  • Living Area: 11810
  • Window Features: Single Pane

Exterior Features

  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Brick, Dry Wall
  • Exterior Features: Mature Trees
  • Foundation Details: Block
  • Property Condition: Exterior Condition: Average, Interior Condition: Average
  • Roof: Shingle

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Paved

Utilities

  • Laundry Features: In Basement
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Ceiling
  • Heating Yn: Yes
  • Electric: Master Meters
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Natural Gas Not Available
  • Water Source: Public

Schools

  • Elementary School: Greendale
  • High School: Abingdon
  • Middle Or Junior School: E B Stanley

Lot Info

  • Lot Size Sq Ft: 42253.2
  • Zoning: R3
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 14
  • Annual Gross Income: 79500
  • Insurance Expense: 2590
  • Property Net Operating Income: 55850.45
  • Number Of Units Leased: 13
  • Total Actual Rent: 875
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 4387.11
  • Tax Lot: 15-16-17
  • Tax Map Number: 006-15-15
  • Tax Year: 2019
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2021 06/17/21 Sold $630,000 -8.7% $53 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
10/08/2019 10/08/19 For Sale $690,000 -- $58 / Sq Ft
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 $919 $274,700 $50,000 $224,700
2024 $9 $153,100 $40,000 $113,100
2023 $919 $153,100 $40,000 $113,100
2022 $919 $153,100 $40,000 $113,100
2021 $919 $153,100 $40,000 $113,100
2019 $961 $152,600 $40,000 $112,600
2018 $961 $152,600 $40,000 $112,600
2017 $961 $152,600 $40,000 $112,600
2016 $961 $152,500 $40,000 $112,500
2015 $961 $152,500 $40,000 $112,500
2014 $961 $152,500 $40,000 $112,500
Source: Public Records

Agents Affiliated with this Home

  • Ralph Johnson

    Seller's Agent in 2021

    Ralph Johnson

    Meade Realty

    (888) 828-3789

    10 in this area

    64 Total Sales

    Ralph Johnson
    Section Image
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Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 71685

APN: 006 15 15

Virginia Washington County Abingdon 24210

241 Gray Dr, Abingdon, VA

Not Listed for Sale

MultiFamily

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