NOT LISTED FOR SALE

2443 Old Ferrum Rd Unit & 2445 Ferrum, VA 24088

Ferrum Neighborhood

Estimated Value: $272,366 - $294,000

4 Beds
2 Baths
1,680 Sq Ft
$169/Sq Ft Est. Value

Last Sold July 27, 2021

Last sale price $175,000 $104 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $1,634/month

119 Days on Market

Highlights

  • 1.7 Acre Lot
  • Mountain View
  • No HOA

About This Home

As of July 2021

This duplex was built in 2006. Each unit has 2 bedrooms/1 bath. Each unit has its own electric meter, each has a heat pump. Plenty of water flow from the well. Great investment property! Rent one & live in one or rent both out! The way this duplex was designed, you can easily alter it to make it a single family home with one level living. Septic pumped 1 year ago. Floors are carpet and tile. Lots of options here! Unit addresses are: 2443 & 2445 Old Ferrum Rd.

Last Agent to Sell the Property

Lucinda Scruggs

QUALITY REALTY License #0225185148 Listed on: 02/10/2021

Last Buyer's Agent

Lucinda Scruggs

QUALITY REALTY License #0225185148 Listed on: 02/10/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $900

Year Built

  • Built in 2006

Lot Details

  • 1.7 Acre Lot

Home Design

  • Duplex
  • Slab Foundation
  • Stone Siding

Interior Spaces

  • 1,680 Sq Ft Home
  • Mountain Views

Schools

  • Ferrum Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 3

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • Operating Expense $1,000
  • Gross Income $13,200
  • Net Operating Income $12,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$900

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Heat Pump Electric
  • Views: Mountain
  • Major Area: 04 - Franklin County
  • NumberLeasedUnits: 1.00
  • NumberUnfurnished: 2.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2021-06-09
  • TotalAnnualExpen: 1000.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

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

Schools

  • Elementary School: Ferrum
  • Middle School: Ben Franklin Middle
  • High School: Franklin County

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 1.70
  • Lot: 3
  • Present Use: Built-As
  • ZoningCode: NZ

Building Info

  • Year Built: 2006

Tax Info

  • Taxes (6 mo): 900.00
  • FILLTAXID: 0810000507E

Multi Family

  • Lease Type: Month-to-Month
  • Tenant Pays: All Utilities
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: Ferrum
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2021
Closed on
Jul 24, 2021
Sold by
Dillon Brian Alexander and Dillon Davy L
Bought by
Whittaker Jennifer R Sycamore
Seller's Agent
Lucinda Scruggs
QUALITY REALTY
Buyer's Agent
Lucinda Scruggs
QUALITY REALTY
List Price
$189,000
Sold Price
$175,000
Premium/Discount to List
-$14,000
-7.41%
Current Estimated Value
$283,092

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,092
Avg. Annual Appreciation
12.29%
Original Mortgage
$171,830
Outstanding Balance
$157,054
Interest Rate
2.96%
Mortgage Type
FHA
Estimated Equity
$124,748
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Whittaker Jennifer R Sycamore $175,000 Virginia Title Center Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whittaker Jennifer R Sycamore $171,830
Previous Owner Dillon Davy I $98,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2021 07/27/21 Sold $175,000 -7.4% $104 / Sq Ft
06/09/2021 06/09/21 Pending -- -- --
02/10/2021 02/10/21 For Sale $189,000 -- $113 / 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 $1,140 $265,200 $29,100 $236,100
2023 $899 $147,300 $22,100 $125,200
2022 $899 $147,300 $22,100 $125,200
2021 $899 $147,300 $22,100 $125,200
2020 $899 $147,300 $22,100 $125,200
2019 $826 $135,400 $22,100 $113,300
2018 $826 $135,400 $22,100 $113,300
2017 $745 $140,200 $22,100 $118,100
2016 $745 $140,200 $22,100 $118,100
2015 -- $140,200 $22,100 $118,100
2014 -- $140,200 $22,100 $118,100
2013 -- $140,200 $22,100 $118,100
Source: Public Records

Agents Affiliated with this Home

  • Lucinda Scruggs

    Seller's Agent in 2021

    Lucinda Scruggs

    QUALITY REALTY

    (540) 814-1230

    4 in this area

    119 Total Sales

    Lucinda Scruggs
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 876927

Roanoke Valley Association of REALTORS®

APN: 0810000507E

Virginia Franklin County Ferrum 24088 Ferrum

2443 Old Ferrum Rd Unit & 2445, Ferrum, VA

This home is located at 2443 Old Ferrum Rd Unit & 2445, Ferrum, VA 24088 since 10 February 2021 and is currently estimated at $283,092, approximately $168 per square foot. This property was built in 2006. 2443 Old Ferrum Rd Unit & 2445 is a home located in Franklin County with nearby schools including Ferrum Elementary School, Benjamin Franklin Middle School, and Franklin County High School.

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Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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