NOT LISTED FOR SALE

242 Melwood Dr Madison Heights, VA 24572

Estimated Value: $243,000 - $279,490

3 Beds
2 Baths
1,040 Sq Ft
$250/Sq Ft Est. Value

About This Home

This home is located at 242 Melwood Dr, Madison Heights, VA 24572 and is currently estimated at $259,873, approximately $249 per square foot. 242 Melwood Dr is a home located in Amherst County with nearby schools including Amelon Elementary School, Monelison Middle School, and Amherst County High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2022
Sold by
Patton Dale A
Bought by
Patton Dale A and Patton Sandee
Current Estimated Value
$259,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,568
Outstanding Balance
$164,015
Interest Rate
4.63%
Mortgage Type
FHA
Estimated Equity
$95,858
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Patton Dale A -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patton Dale A $172,568
Source: Public Records

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 $841 $137,900 $22,500 $115,400
2024 $841 $137,900 $22,500 $115,400
2023 $841 $137,900 $22,500 $115,400
2022 $841 $137,900 $22,500 $115,400
2021 $841 $137,900 $22,500 $115,400
2020 $841 $137,900 $22,500 $115,400
2019 $808 $132,400 $28,500 $103,900
2018 $808 $132,400 $28,500 $103,900
2017 $808 $132,400 $28,500 $103,900
2016 $808 $132,400 $28,500 $103,900
2015 $741 $132,400 $28,500 $103,900
2014 $741 $132,400 $28,500 $103,900
Source: Public Records

Map

Virginia Amherst County Madison Heights 24572

242 Melwood Dr, Madison Heights, VA

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