NOT LISTED FOR SALE

2423 Lofton Rd SW Roanoke, VA 24015

Grandin Court Neighborhood
6 Beds
4 Baths
3,403 Sq Ft
0.26 Acres

Last Sold April 10, 2023

Last sale price $368,551 $108 Per Sq Ft

7 Days on Market

Highlights

  • No HOA
  • Breakfast Area or Nook
  • Central Air
  • Grandin Court Elementary School Rated A-
  • Storage
  • 5-minute walk to Murray Run Greenway

About This Home

As of April 2023

Beautifully updated and very well maintained brick triplex in the Grandin area. 2018-19: all new gutters, insulated vinyl tilt-in windows, new full bathroom addition. Privacy fenced recently installed, garage enclosed, some plumbing has been updated & gas boiler has been recently checked (everything functioning properly). Unit #1: furnished short term lease @ $1,700/month. Unit #2: unfurnished lease to wonderful, long-time tenant (below market value, but rent will be increasing soon). Unit #3: unfurnished lease to long-time tenant who provides lawn maintenance, snow removal and other maintenance type services in exchange for slightly reduced rent. Unfinished basement provides shared laundry area for Unit's #2 & #3 (2 sets of washers/dryers available & pass with sale).

Last Agent to Sell the Property

Angel Lane

WAINWRIGHT & CO., REALTORS(r) License #0225096830 Listed on: 01/13/2023

Co-Listed By

Lori Mccarren

WAINWRIGHT & CO., REALTORS(r) License #0225213243

Last Buyer's Agent

Abigail Cooper

MKB, REALTORS(r) License #0225255580

MKB, REALTORS(r)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,736

Year Built

  • Built in 1925

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 75' x 150'

Parking

  • 6 Parking Spaces

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • 3,403 Sq Ft Home
  • Fireplace Features Masonry
  • Storage
  • Partial Basement
  • Breakfast Area or Nook

Schools

  • Grandin Court Elementary School
  • Woodrow Wilson Middle School
  • Patrick Henry High School

Utilities

  • Central Air
  • Radiator
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, electricity, - see remarks
  • Legal Lot and Block 24 & Pt Lot 23 / 3

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Grandin Court Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 1 Furnished Unit
  • Electric Expense $795
  • Insurance Expense $1,147
  • Maintenance Expense $349
  • Other Expense $2,310
  • Water Sewer Expense $1,062
  • New Taxes Expense $2,200
  • Operating Expense $11,284
  • Gross Income $26,408
  • Net Operating Income $15,124

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,736

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Interior Features: Breakfast Area, Masonry Fireplace, Storage
  • Heating System: Radiator Gas Heat
  • Type: Multi-Family
  • Has Basement: Partial Basement
  • Cooling System: Central Cooling
  • CondoAssocYN: No
  • ExpensesGasExp: 2070.00
  • ExpensesOtherExp: 2310.00
  • ExpensesTaxExp: 2200.00
  • Internet Access: Cable
  • InternetAccessCurntInternetProv: Comcast
  • Major Area: 01 - City of Roanoke
  • MiscellaneousInfoPublicTransport: Yes
  • NumberLeasedUnits: 3.00
  • NumberUnfurnished: 2.00
  • NumberVehicleSpaces: 6.00
  • Hoa2 Or Poa: No
  • TotalAnnualExpen: 11284.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Expenses Water Exp: 1062.00
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Current Lease, Laundry Facility

Lot Info

  • Lot Dimensions: 75' x 150'
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.26
  • Lot: 24 & Pt Lot 23
  • Present Use: Converted
  • ZoningCode: R5

Rental Info

  • Number Furnished: 1.00

Building Info

  • Year Built: 1925

Tax Info

  • Taxes (6 mo): 2736.00

Multi Family

  • Lease Type: Other - See Remarks
  • Tenant Pays: Deposit, Electricity, Other - See Remarks
  • Units In Building: 3.00
  • Multi Family Type: Triplex

MLS Schools

  • Elementary School: Grandin Court
  • HighSchool: Patrick Henry
  • Middle School: Woodrow Wilson

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2023 04/10/23 Sold $368,552 -3.0% $108 / Sq Ft
01/20/2023 01/20/23 Pending -- -- --
01/13/2023 01/13/23 For Sale $379,950 -- $112 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Angel Lane

    WAINWRIGHT & CO., REALTORS(r)

    (540) 915-1416

    5 in this area

    139 Total Sales

    Angel Lane
    Section Image
  • Lori Mccarren

    Seller Co-Listing Agent in 2023

    Lori Mccarren

    WAINWRIGHT & CO., REALTORS(r)

    (540) 819-7388

    5 in this area

    130 Total Sales

    Lori Mccarren
    Section Image
  • Abigail Cooper

    Buyer's Agent in 2023

    Abigail Cooper

    MKB, REALTORS(r)

    (540) 989-4555

    2 in this area

    32 Total Sales

    Abigail Cooper
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 895305

Roanoke Valley Association of REALTORS®

APN: 155-1027

Virginia Roanoke City County Roanoke 24015 Grandin Court

2423 Lofton Rd SW, Roanoke, VA

Not Listed for Sale

MultiFamily

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