NOT LISTED FOR SALE

2494 Kratzer Rd Harrisonburg, VA 22802

Estimated Value: $1,076,778

114 Acres
$9,445 Price per Acre
4,965,840 Sq Ft Lot

Last Sold December 17, 2021

Last sale price $941,181 $396 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $6,196/month

48 Days on Market

Highlights

  • 114 Acre Lot
  • Forced Air Heating System
  • High Speed Internet

About This Lot

As of December 2021

114 acre farm with numerous improvements. 2-story home with 2,376 SF sits on approximately 1 acre. Barn and numerous sheds included. Well fenced throughout. In the Rockingham County comp plan for Industrial Development. Additional land available across the street. Great long term investment. Buy at farmland prices and sell as industrial.

Last Agent to Sell the Property

Keith May

Cottonwood Commercial LLC License #0225049582 Listed on: 07/26/2021

Cottonwood Commercial LLC

Last Buyer's Agent

NONMLSAGENT NONMLSAGENT

NONMLSOFFICE

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,085

Year Built

  • Built in 2000

Lot Details

  • 114 Acre Lot
  • Property is zoned A-2 Agricultural General

Home Design

  • Stone Foundation
  • Metal Roof

Interior Spaces

  • 2,376 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • Linville-Edom Elementary School
  • J. Frank Hillyard Middle School
  • Broadway High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Oil
  • Well
  • Septic Tank
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 94-(A)- L99

Property Details

Property Type

Land

Est. Annual Taxes

$4,085

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Type: Farm
  • Above Grade Finished Sq Ft: 2376
  • L V T Date: 07/27/2021
  • Nameof Property: Tax Map #: 94-(A)- L99
  • Parcel Number: 94-(A)- L99
  • Price Per Sq Ft: 396.12
  • Total Sq Ft: 2376
  • Type of Construction: On Site Built
  • Zoning: A-2 Agricultural General
  • Best Use: Investment, Farmland, Industrial land
  • Current Use: Farmland
  • Subdivision: NONE
  • Comments: Yes
  • Concatenated Rooms1: |
  • Special Features: None
  • Property Sub Type: LotsLands
  • Stories: 2

Interior Features

  • Total Finished Sq Ft: 2376
  • Above Grade Finished Sq Ft: 2376
  • Foundation: Stone
  • Level: 2 Story
  • Bathrooms: 1
  • Number Beds: 3
  • Full Bathrooms: 1
  • Source of Sq Ft: Public Records

Exterior Features

  • Number Of Acres: 114
  • Roof: Metal - Other

Utilities

  • Cooling: Window Unit(s)
  • Heating: Forced Air, Oil
  • Cable Available: DSL
  • Sewer/Septic System: Septic Tank
  • Water: Individual Well

Schools

  • Elementary School: Linville-Edom
  • Middle School: J. Frank Hillyard
  • High School: Broadway

Lot Info

  • Deed Book: 3735
  • Deed Book Page: 483

Building Info

  • Year Built: 2000

Tax Info

  • Year: 2018

MLS Schools

  • HighSchool: Broadway
  • Middle School: J. Frank Hillyard
  • Elementary School: Linville-Edom

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2021
Closed on
Dec 1, 2021
Sold by
Scott Michael H and Scott Stuart H
Bought by
Stone Hill Farms Inc
Seller's Agent
Keith May
Cottonwood Commercial LLC
Buyer's Agent
NONMLSAGENT NONMLSAGENT
NONMLSOFFICE
List Price
$990,000
Sold Price
$941,181
Premium/Discount to List
-$48,819
-4.93%
Total Days on Market
48
Current Estimated Value
$1,076,778

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,597
Avg. Annual Appreciation
3.68%
Original Mortgage
$699,000
Outstanding Balance
$644,047
Interest Rate
3.09%
Mortgage Type
Credit Line Revolving
Estimated Equity
$432,731

Purchase Details

Listed on
Jul 26, 2021
Closed on
Nov 22, 2021
Sold by
Scott Michael H and Scott Stuart H
Bought by
Shergill Llc
Seller's Agent
Keith May
Cottonwood Commercial LLC
Buyer's Agent
NONMLSAGENT NONMLSAGENT
NONMLSOFFICE
List Price
$990,000
Sold Price
$941,181
Premium/Discount to List
-$48,819
-4.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$699,000
Outstanding Balance
$644,047
Interest Rate
3.09%
Mortgage Type
Credit Line Revolving
Estimated Equity
$432,731
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
Stone Hill Farms Inc $860,236 Investors Title Insurance Co
Shergill Llc $941,181 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stone Hill Farms Inc $699,000
Closed Shergill Llc $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $941,181 -4.9% $396 / Sq Ft
09/12/2021 09/12/21 Pending -- -- --
07/26/2021 07/26/21 For Sale $990,000 -- $417 / Sq Ft
Source: Harrisonburg-Rockingham 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 $4,085 $600,700 $600,700 $0
2024 $4,085 $600,700 $600,700 $0
2023 $4,085 $600,700 $600,700 $0
2022 $4,085 $600,700 $600,700 $0
2021 $10,560 $1,427,000 $1,277,100 $149,900
2020 $2,225 $1,427,000 $1,277,100 $149,900
2019 $2,225 $1,427,000 $1,277,100 $149,900
2018 $2,225 $1,427,000 $1,277,100 $149,900
2017 $2,207 $1,424,600 $1,277,100 $147,500
2016 $2,088 $1,424,600 $1,277,100 $147,500
2015 $1,998 $1,424,600 $1,277,100 $147,500
2014 $1,909 $1,424,600 $1,277,100 $147,500
Source: Public Records

Agents Affiliated with this Home

  • Keith May

    Seller's Agent in 2021

    Keith May

    Cottonwood Commercial LLC

    (540) 434-9922

    51 Total Sales

    Keith May
    Section Image

  • N

    Buyer's Agent in 2021

    NONMLSAGENT NONMLSAGENT

    NONMLSOFFICE

See All Agents

Map

Source: Harrisonburg-Rockingham Association of REALTORS®

MLS Number: 620431

Harrisonburg-Rockingham Association of REALTORS®

APN: 94-A-L99

Virginia Rockingham County Harrisonburg 22802

2494 Kratzer Rd, Harrisonburg, VA

This home is located at 2494 Kratzer Rd, Harrisonburg, VA 22802 since 26 July 2021 and is currently estimated at $1,076,778, approximately $453 per square foot. This property was built in 2000. 2494 Kratzer Rd is a home located in Rockingham County with nearby schools including Linville-Edom Elementary School, J. Frank Hillyard Middle School, and Broadway High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Harrisonburg-Rockingham 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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