NOT LISTED FOR SALE

255 Douglas St Bristol, VA 24201

Estimated Value: $216,000 - $259,000

4 Beds
2 Baths
1,494 Sq Ft
$158/Sq Ft Est. Value

Last Sold April 29, 2019

Last sale price $125,000 $84 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $1,390/month

127 Days on Market

Highlights

  • Tile Flooring
  • Ceiling Fan
  • Heat Pump System
  • Central Air
  • Washer and Dryer

About This Home

As of April 2019

Duplex perfect for first time homebuyer that wants to live mortgage free. Do what the current owner does and live in one side and let the renter on the other side pay your house payment. Or Rent out both units for good income. Gross and Net Ann Income is based on both units being rented for $650 each a month. Renters pay their own utilities. Both units have their own electric and water meters. Currently unit 117 is rented til March 2019. Property comes with 2 fridges, 2 stoves & 1 washer and dryer. Each unit is a 2 bedroom, 1 bath with living room, dining room, kitchen and laundry hookup along with private storage in the basement.

Last Agent to Sell the Property

Joshua Coon

Park Hill Realty Group, LLC License #0225237976 Listed on: 11/19/2018

Last Buyer's Agent

Charles Anderson

Signature Properties License #0225078216

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $560

Year Built

  • Built in 1946

Lot Details

  • 4,356 Sq Ft Lot
  • No Landscaping
  • Property is in good condition

Home Design

  • Duplex
  • Fire Rated Drywall
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,494 Sq Ft Home
  • Ceiling Fan
  • Insulated Windows
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Stove
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • Gravel Driveway
  • Open Parking

Schools

  • Stonewall Elementary School
  • Virginia Middle School
  • Virginia High School

Utilities

  • Central Air
  • Heat Pump System
  • Separate Meters
  • Natural Gas Not Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $1,300
  • Tax Lot 4

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $15,600
  • Net Operating Income $15,039

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$560

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1
  • Lot Size: Per Deed
  • Subdivision Name: None
  • Directions: I-81 S to Exit 3, continue onto Commonwealth go 6/10 mile and turn right onto Euclid Ave. Go 4/10 and turn left onto Douglas St, property on left with sign
  • Structure Type: One Building, Side by Side
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Oven, Other, Refrigerator, Washer, Electric Water Heater, 2 Bdrm-Washer/Dryer, 2 Bdrm-Dishwasher, 2 Bdrm-Stove, 2 Bdrm-Refrigerator
  • Has Basement: Full, Unfinished
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Flooring: Carpet, Tile
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 1494
  • Window Features: Insulated Windows

Exterior Features

  • Lot Features: No Landscaping
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Property Disclosure
  • Construction Type: Vinyl Siding, Dry Wall
  • Property Condition: Exterior Condition: Good, Interior Condition: Good
  • Roof: Shingle

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Gravel

Utilities

  • Laundry Features: Laundry Closet
  • Cooling: Central Air, 2 Bdrm-Central A/C
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Electric: Separate Meters
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Natural Gas Not Available
  • Water Source: Public

Schools

  • Elementary School: Stonewall
  • High School: Virginia
  • Middle Or Junior School: Virginia

Lot Info

  • Lot Size Sq Ft: 4356
  • Zoning: R
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 15600
  • Property Net Operating Income: 15039
  • Number Of Units Leased: 1
  • Total Actual Rent: 1300
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 560.49
  • Tax Lot: 4
  • Tax Map Number: 35 111 4
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2022
Sold by
Cinbon Llc
Bought by
Kenneth J Vance Inc
Current Estimated Value
$235,342

Purchase Details

Listed on
Nov 19, 2018
Closed on
Apr 29, 2019
Sold by
Moore Matthew R and Moore Charles D
Bought by
Cinbon Llc
Seller's Agent
Joshua Coon
Park Hill Realty Group, LLC
Buyer's Agent
Charles Anderson
Signature Properties
List Price
$134,500
Sold Price
$125,000
Premium/Discount to List
-$9,500
-7.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.89%
Original Mortgage
$106,250
Interest Rate
4%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 12, 2017
Sold by
Leonard Larry A
Bought by
Moore Matthew R and Moore Charles D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.14%
Mortgage Type
Commercial
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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Purchase History

Date Buyer Sale Price Title Company
Kenneth J Vance Inc -- Stuart Stephanie E
Kenneth J Vance Inc -- None Listed On Document
Cinbon Llc $125,000 Attorney
Moore Matthew R $105,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cinbon Llc $106,250
Previous Owner Moore Matthew R $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2019 04/29/19 Sold $125,000 -7.1% $84 / Sq Ft
03/27/2019 03/27/19 Pending -- -- --
11/19/2018 11/19/18 For Sale $134,500 -- $90 / Sq Ft
Source: Southwest Virginia 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 $2,065 $222,000 $18,000 $204,000
2024 $1,385 $123,700 $15,000 $108,700
2023 $1,447 $123,700 $15,000 $108,700
2022 $1,385 $123,700 $15,000 $108,700
2021 $1,385 $123,700 $15,000 $108,700
2020 $996 $85,100 $15,000 $70,100
2019 $996 $85,100 $15,000 $70,100
2018 $498 $85,100 $15,000 $70,100
2016 -- $47,100 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joshua Coon

    Seller's Agent in 2019

    Joshua Coon

    Park Hill Realty Group, LLC

    (276) 608-3493

    224 Total Sales

    Joshua Coon
    Section Image

  • C

    Buyer's Agent in 2019

    Charles Anderson

    Signature Properties

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Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 67347

APN: 35-111-4

Virginia Bristol City County Bristol 24201

255 Douglas St, Bristol, VA

Not Listed for Sale

MultiFamily

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