NOT LISTED FOR SALE

256 Ragland Rd Madison Heights, VA 24572

Madison Heights Neighborhood

Estimated Value: $210,000 - $248,000

6 Beds
4 Baths
2,000 Sq Ft
$114/Sq Ft Est. Value

Last Sold July 22, 2021

Last sale price $174,900 $87 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,275/month

46 Days on Market

About This Home

As of July 2021

Great investment opportunity, live in one rent out the other. Move in ready! Maintenance free all brick duplex. Each unit features large living room and kitchen. 3 bedrooms, 1 bath. Separate electric meters. Conveniently located to 29. Close to Liberty University, University of Lynchburg and Sweet Briar College.

Last Agent to Sell the Property

Kem Cobb

Elite Realty License #0225050447 Listed on: 04/23/2021

Last Buyer's Agent

Katrina Fields

eXp Realty LLC-Stafford License #0225245511

eXp Realty LLC-Stafford

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $611

Year Built

  • Built in 1977

Lot Details

  • 0.5 Acre Lot

Parking

  • Unpaved Driveway

Home Design

  • 2,000 Sq Ft Home

Flooring

  • Carpet
  • Vinyl

Schools

  • Madison Heights Elementary School
  • Monelison Midl Middle School
  • Amherst High School

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Water Meter
  • New Taxes Expense $611
  • Gross Income $19,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$611

Year Built

Built in 1977

Lot Details

0

Listing Details

  • FILLACRES: 0.5000
  • Directions: Rt 29 Business to route 210 to left on Wright Shop to Right on Ragland
  • Lot Measurement: Acres
  • Lot Sq Ft: 21780.00
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • Year Built: 1977
  • Heating System: Electric Baseboard
  • Unit Info Number Unfurnished Units: 2
  • Taxes Expense: 611.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: LOTS 13 14 SEC 1 TOWERS
  • Reciprocal Listing: No
  • Flooring: Carpet, Vinyl
  • Year Built Exception: 0

Garage/Parking

  • Parking: Unpaved Drive

Utilities

  • Utility Electric: American Electric
  • Cooling: Window Unit(s)
  • Sewer: County
  • Hot Water: County
  • Water Heater: Electric
  • Number Of Water Meters: 1

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Amherst
  • Elementary School: Madison Heights Elem
  • High School: Amherst High
  • Middle School: Monelison Midl
  • School District: Amherst

Lot Info

  • Lot Sq Ft: 2000.00

Rental Info

  • Types Of Leases: 1 Year Lease

Tax Info

  • Estimated Taxes: 611

Multi Family

  • Annual Gross Income: 19200.00
  • Total Number Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2021
Closed on
Jul 2, 2021
Sold by
Hernandez Ramiro and Hernandez Stephanie J
Bought by
Le Tin Mine
Seller's Agent
Kem Cobb
Elite Realty
Buyer's Agent
Katrina Fields
eXp Realty LLC-Stafford
List Price
$174,900
Sold Price
$174,900
Current Estimated Value
$227,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,738
Avg. Annual Appreciation
5.82%
Original Mortgage
$131,175
Outstanding Balance
$119,386
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$101,825

Purchase Details

Listed on
Oct 31, 2019
Closed on
Dec 9, 2019
Sold by
Guzek William K and Guzek Laurie Jo
Bought by
Hernandez Ramiro and Hernandez Stephanie J
Seller's Agent
Gary Hostutler
Long & Foster-Forest
Buyer's Agent
Kem Cobb
Elite Realty
List Price
$139,900
Sold Price
$133,800
Premium/Discount to List
-$6,100
-4.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.27%
Original Mortgage
$100,350
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 22, 2011
Closed on
Feb 16, 2012
Sold by
Watts Petroleum Corp
Bought by
Brooks Dudley Llc
Seller's Agent
Sky Pacot
LPT Realty, Inc
Buyer's Agent
Kenny Turner
Evolution Realty Partners LLC
List Price
$99,900
Sold Price
$85,000
Premium/Discount to List
-$14,900
-14.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.96%
Source: Public Records

Range of Values:

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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
Le Tin Mine $174,900 Accupoint Title & Escrow
Hernandez Ramiro $133,800 Attorney
Brooks Dudley Llc $85,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Le Tin Mine $131,175
Previous Owner Hernandez Ramiro $100,350
Previous Owner Guzek William Kenneth $78,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2021 07/22/21 Sold $174,900 0.0% $87 / Sq Ft
06/08/2021 06/08/21 Pending -- -- --
04/23/2021 04/23/21 For Sale $174,900 +30.7% $87 / Sq Ft
01/13/2020 01/13/20 Sold $133,800 -4.4% $67 / Sq Ft
11/11/2019 11/11/19 Pending -- -- --
10/31/2019 10/31/19 For Sale $139,900 +33.2% $70 / Sq Ft
08/02/2013 08/02/13 Sold $105,000 -19.2% $53 / Sq Ft
08/02/2013 08/02/13 Pending -- -- --
04/16/2013 04/16/13 For Sale $129,900 +52.8% $65 / Sq Ft
03/14/2012 03/14/12 Sold $85,000 -14.9% $43 / Sq Ft
02/02/2012 02/02/12 Pending -- -- --
08/22/2011 08/22/11 For Sale $99,900 -- $50 / Sq Ft
Source: Lynchburg 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 $741 $121,500 $17,500 $104,000
2024 $741 $121,500 $17,500 $104,000
2023 $741 $121,500 $17,500 $104,000
2022 $741 $121,500 $17,500 $104,000
2021 $635 $104,100 $17,500 $86,600
2020 $635 $104,100 $17,500 $86,600
2019 $611 $100,100 $23,500 $76,600
2018 $611 $100,100 $23,500 $76,600
2017 $611 $100,100 $23,500 $76,600
2016 $611 $100,100 $23,500 $76,600
2015 $561 $100,100 $23,500 $76,600
2014 $561 $100,100 $23,500 $76,600
Source: Public Records

Agents Affiliated with this Home

  • Kem Cobb

    Seller's Agent in 2021

    Kem Cobb

    Elite Realty

    (434) 610-5548

    8 in this area

    129 Total Sales

    Kem Cobb
    Section Image

  • K

    Buyer's Agent in 2021

    Katrina Fields

    eXp Realty LLC-Stafford

    Section Image

  • G

    Seller's Agent in 2020

    Gary Hostutler

    Long & Foster-Forest

  • P

    Seller's Agent in 2013

    Pat Whitehouse

    RE/MAX

    Section Image
  • Sky Pacot

    Seller's Agent in 2012

    Sky Pacot

    LPT Realty, Inc

    (434) 941-9497

    3 in this area

    102 Total Sales

    Sky Pacot
    Section Image

  • K

    Buyer's Agent in 2012

    Kenny Turner

    Evolution Realty Partners LLC

    (434) 444-5556

    17 Total Sales

    Kenny Turner
    Section Image
See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 331050

APN: 161A-2-7

Virginia Amherst County Madison Heights 24572 Madison Heights

256 Ragland Rd, Madison Heights, VA

This home is located at 256 Ragland Rd, Madison Heights, VA 24572 since 23 April 2021 and is currently estimated at $227,638, approximately $113 per square foot. This property was built in 1977. 256 Ragland Rd is a home located in Amherst County with nearby schools including Madison Heights Elementary School, Monelison Middle School, and Amherst County High School.

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