NOT LISTED FOR SALE

2487 Old Ferrum Rd Ferrum, VA 24088

Estimated Value: $133,000 - $187,260

2 Beds
1 Bath
768 Sq Ft
$217/Sq Ft Est. Value

Last Sold January 16, 2020

Last sale price $76,500 $100 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $922/month

12 Days on Market

Highlights

  • 1.78 Acre Lot
  • No HOA
  • Covered Patio or Porch
  • Wooded Lot
  • Cottage
  • 1-Story Property

About This Home

As of January 2020

Cozy cottage on quiet country road located minutes from Ferrum College and Rocky Mount. The house features 2 bedrooms, 1 bath with hookups available for washer and dryer; an eat-in kitchen and living area. Flat back yard bordering on wooded area and low maintenance vinyl siding.

Last Agent to Sell the Property

Melanie Young

MOUNTAIN TO LAKE REALTY License #0225242699 Listed on: 11/21/2019

Last Buyer's Agent

Melanie Young

MOUNTAIN TO LAKE REALTY License #0225242699 Listed on: 11/21/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $407

Year Built

  • Built in 2006

Lot Details

  • 1.78 Acre Lot
  • Cleared Lot
  • Wooded Lot

Home Design

  • Cottage

Interior Spaces

  • 768 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Crawl Space
  • Electric Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Covered Patio or Porch

Schools

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

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 4

Home Details

Home Type

Single Family

Est. Annual Taxes

$407

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan
  • Heating System: Gas - Propane
  • Type: A
  • Property Subtype 1: Single Family Residence
  • Has Basement: Crawl Space
  • Major Appliances: Range Electric, Refrigerator
  • Cooling System: No Cooling System
  • Outside Features: Covered Porch
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 2
  • EntryAboveGrdFin Sq Ft: 768.00
  • InternetAccessCurntInternetProv: Dish available
  • LaundryLaundryEntryLevel: 1
  • Major Area: 04 - Franklin County
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Detached
  • Style Of House: 1 Story, Cottage
  • SubagentAuthorized: No
  • Total Above Grd Fin S Q F T: 768
  • TotalBdrm: 2
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 768.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: No

Exterior Features

  • Porch: Front Porch, Side Porch

Utilities

  • Sewer Description: PrivSept-permit unav
  • Water Description: Private Well
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Maint-Free Exterior, Paved Road

Lot Info

  • Lot Description: Cleared, Wooded
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 1.78
  • Lot: 4

Building Info

  • Year Built: 2006

Tax Info

  • Taxes (6 mo): 406.87

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
Nov 21, 2019
Closed on
Dec 19, 2019
Sold by
Young Robert Curtis and Laprade Jeanette Elizabeth
Bought by
Colliver Paul W
Seller's Agent
Melanie Young
MOUNTAIN TO LAKE REALTY
Buyer's Agent
Melanie Young
MOUNTAIN TO LAKE REALTY
List Price
$74,000
Sold Price
$76,500
Premium/Discount to List
$2,500
3.38%
Current Estimated Value
$166,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,065
Avg. Annual Appreciation
13.85%
Original Mortgage
$76,500
Outstanding Balance
$67,300
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$99,265
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Colliver Paul W $76,500 Fidelity National Ttl Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Colliver Paul W $76,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/16/2020 01/16/20 Sold $76,500 +3.4% $100 / Sq Ft
12/03/2019 12/03/19 Pending -- -- --
11/21/2019 11/21/19 For Sale $74,000 -- $96 / 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
2025 $611 $142,000 $29,300 $112,700
2024 $611 $142,000 $29,300 $112,700
2023 $446 $73,100 $22,300 $50,800
2022 $446 $73,100 $22,300 $50,800
2021 $446 $73,100 $22,300 $50,800
2020 $446 $73,100 $22,300 $50,800
2019 $407 $66,700 $22,300 $44,400
2018 $407 $66,700 $22,300 $44,400
2017 $367 $68,700 $22,300 $46,400
2016 $367 $68,700 $22,300 $46,400
2015 $371 $68,700 $22,300 $46,400
2014 $371 $68,700 $22,300 $46,400
2013 $371 $68,700 $22,300 $46,400
Source: Public Records

Agents Affiliated with this Home

  • Melanie Young

    Seller's Agent in 2020

    Melanie Young

    MOUNTAIN TO LAKE REALTY

    (540) 493-2858

    3 in this area

    11 Total Sales

    Melanie Young
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 865061

Roanoke Valley Association of REALTORS®

APN: 0810000507F

Virginia Franklin County Ferrum 24088

2487 Old Ferrum Rd, Ferrum, VA

Not Listed for Sale

Detached

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