NOT LISTED FOR SALE

2561 Lee Hwy Bristol, VA 24202

Estimated Value: $5,815,216

1.06 Acres
$5,486,053 Price per Acre
46,174 Sq Ft Lot

Last Sold September 28, 2012

Last sale price $155,896

Est. 3,630% increase in value since last sale

Current estimated payment $31,897/month

450 Days on Market

About This Lot

As of September 2012

Excellent location for Pharmacy, Restaurants, Hotel, Retail, Office Building, Banks Hotel being started this summer(Best Western). Lot sizes from .75 acres to 2.3 acres. All utilities are available, water, sewer, gas, power and fiber optic network.

Last Agent to Sell the Property

Tim Carter

RE/MAX Preferred License #319947 Listed on: 02/08/2011

Last Buyer's Agent

Tim Carter

RE/MAX Preferred License #319947 Listed on: 02/08/2011

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,277

Lot Details

  • 1.06 Acre Lot
  • Sloped Lot
  • Property is zoned Commercial B-1

Property Views

  • Creek or Stream Views

Schools

  • Van Pelt Elementary School
  • Virginia Middle School
  • Virginia High School

Utilities

  • Underground Utilities
  • Sewer in Street

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 225-1-3

Property Details

Property Type

Land

Est. Annual Taxes

$3,277

Lot Details

0

Listing Details

  • Directions: Interstate 81 north, Take exit 5 ( Bristol VA) norht to 2561 Lee Highway. Signs on property
  • Prop. Type: Land
  • Road Frontage Type: Highway
  • Location Tax Legal Info Parcel ID: 225-1-3
  • Contract Info Foreclosure: No
  • General Property Description Acres: 1.06
  • General Property Description Zoning2: Commercial B-1
  • General Property Description Elementary School3: Van Pelt
  • General Property Description Middle School2: Virginia
  • General Property Description High School3: Virginia
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • Utilities Electricity Available: Yes
  • View CreekStream: Yes
  • Sewer At Road: Yes
  • Lot Features Sloped2: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Underground Utilities: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Sloped
  • View: Creek/Stream
  • Acres: 1.06

Utilities

  • Sewer: At Road, Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Van Pelt
  • High School: Virginia
  • Middle Or Junior School: Virginia

Lot Info

  • Zoning: Commercial B-1
  • Lot Dimensions: 1.060
  • Lot Size Sq Ft: 46173.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 225-1-3
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 26, 2017
Sold by
Industrial Development Auth Of The City
Bought by
Nehemiah 18 Llc
Current Estimated Value
$5,815,216

Purchase Details

Listed on
Feb 8, 2011
Closed on
Sep 28, 2012
Sold by
Four Leaf Prop Llc
Bought by
The City Of Bristol Virginia
Seller's Agent
Tim Carter
RE/MAX Preferred
Buyer's Agent
Tim Carter
RE/MAX Preferred
List Price
$450,000
Sold Price
$155,896
Premium/Discount to List
-$294,104
-65.36%

Purchase Details

Closed on
May 16, 2007
Sold by
Helms George F and Helms Helen R
Bought by
Four Leaf Prop Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
6.18%
Mortgage Type
Land Contract Argmt. Of Sale
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
Nehemiah 18 Llc -- Attorney
Industrial Development Auth Of The City -- None Available
The City Of Bristol Virginia $2,600,000 --
Four Leaf Prop Llc $990,000 --
Four Leaf Prop Llc $990,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Four Leaf Prop Llc $1,350,000
Previous Owner Four Leaf Prop Llc $1,800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2012 09/28/12 Sold $155,896 -65.4% --
05/03/2012 05/03/12 Pending -- -- --
02/07/2011 02/07/11 For Sale $450,000 -- --
Source: Tennessee/Virginia Regional MLS

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
2023 $3,277 $1,655,000 $1,655,000 $0
2022 $3,277 $1,655,000 $1,655,000 $0
2021 $3,277 $1,655,000 $1,655,000 $0
2020 $3,277 $1,655,000 $1,655,000 $0
2019 $3,277 $1,655,000 $1,655,000 $0
2016 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tim Carter

    Seller's Agent in 2012

    Tim Carter

    RE/MAX Preferred

    (423) 652-1825

    65 Total Sales

    Tim Carter
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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 303364

Tennessee/Virginia Regional MLS

APN: 225-1-1

Virginia Bristol City County Bristol 24202

2561 Lee Hwy, Bristol, VA

This home is located at 2561 Lee Hwy, Bristol, VA 24202 since 08 February 2011 and is currently priced at $5,815,216. 2561 Lee Hwy is a home located in Bristol City with nearby schools including Virginia High School, Sullins Academy, and Victory Children's Center.

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