NOT LISTED FOR SALE

2587 Mount Olivet Rd Martinsville, VA 24112

Estimated Value: $132,000 - $166,000

3 Beds
1 Bath
1,084 Sq Ft
$140/Sq Ft Est. Value

Last Sold January 06, 2021

Last sale price $85,000 $78 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $867/month

274 Days on Market

Highlights

  • Main Floor Bedroom
  • 1 Car Attached Garage
  • Cooling Available
  • Porch
  • Storm Windows
  • Living Room

About This Home

As of January 2021

Charming 3 bedroom 1 bath home. Well maintained! This home has a very private atmosphere with shade trees and a wooded backyard. There is a back up generator so you don't have to be concerned with power outages. Great starter home for a young couple. Home also has a one car garage in the basement. Per seller there are wood floors under carpet. Sq. ft. lot size est. Information taken from tax assessment and/or seller. Back up oil heat.

Last Agent to Sell the Property

Natalie Gongloff

The Spencer Group R.E. & Auction Brokerage Phone: 2766385222 License #0225244262 Listed on: 04/06/2020

Last Buyer's Agent

Tommy Wright

Rives S. Brown REALTOR License #0225041696

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $462

Year Built

  • Built in 1958

Lot Details

  • 2.33 Acre Lot
  • Property is in very good condition
  • Property is zoned S-R Sub Res

Parking

  • 1 Car Attached Garage
  • Tuck Under Garage
  • Garage Door Opener
  • Driveway
  • Open Parking

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Lead Paint Disclosure

Interior Spaces

  • 1,084 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Living Room
  • Electric Range
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 1 Full Bathroom

Partially Finished Basement

  • Walk-Out Basement
  • Block Basement Construction

Home Security

  • Storm Windows
  • Storm Doors

Outdoor Features

  • Porch

Schools

  • Mt. Olivet Elementary School
  • Laurel Park Middle School
  • Magna Vista High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Septic Tank
  • Private Sewer
  • Cable TV Available

Community Details

  • Martinsville Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$462

Year Built

Built in 1958

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 2.33
  • Subdivision Name: Martinsville
  • Directions: From Martinsville head East on 58 (A L Philpott Hwy_ turn left onto Mt. Olivet Rd. Home is on your left.
  • Carport Y N: No
  • Garage Yn: Yes
  • Year Built: 1958
  • RoomBedroomLevel: First
  • RoomBathroomLevel: First
  • Attribution Contact: 2766385222
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, As Is, Refrigerator, Electric Range
  • Other Equipment: No Farm Equipment
  • Has Basement: Block, Partially Finished, Walk-Out Access
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate, Carpet, Other
  • Interior Amenities: 1st Floor Bedroom, Ceiling Fan(s)
  • Living Area: 1084
  • Window Features: Blinds, Storm Window(s)
  • Living Room Living Room Level: First

Exterior Features

  • Waterfront Features: No Surface Water
  • Disclosures: Lead Paint
  • Home Warranty: No
  • Construction Type: Brick
  • Patio And Porch Features: Porch
  • Property Condition: Very Good
  • Roof: Composition

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: 1 Car Garage, Under, Garage Door Opener, Paved Drive
  • Total Parking Spaces: 1

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump, Other
  • Heating Yn: Yes
  • Sewer: Septic Tank, Private Sewer
  • Utilities: Cable Available, Utilities On
  • Water Source: Well

Schools

  • Elementary School: Mt. Olivet
  • High School: Magna Vista
  • Middle Or Junior School: Laurel Park

Lot Info

  • Lot Size Sq Ft: 101494.8
  • Zoning: S-R Sub Res
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2020
Closed on
Jan 6, 2021
Sold by
Collins Carol A
Bought by
Kitchen Jackie L
Seller's Agent
Natalie Gongloff
The Spencer Group R.E. & Auction
Buyer's Agent
Tommy Wright
Rives S. Brown REALTOR
List Price
$85,000
Sold Price
$85,000
Current Estimated Value
$152,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,018
Avg. Annual Appreciation
14.69%
Original Mortgage
$85,858
Outstanding Balance
$76,966
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$83,578
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
Kitchen Jackie L $85,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kitchen Jackie L $85,858
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2021 01/06/21 Sold $85,000 0.0% $78 / Sq Ft
01/06/2021 01/06/21 Pending -- -- --
04/06/2020 04/06/20 For Sale $85,000 -- $78 / Sq Ft
Source: Martinsville, Henry & Patrick Counties 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
2024 $462 $83,200 $14,000 $69,200
2023 $462 $83,200 $14,000 $69,200
2022 $462 $83,200 $14,000 $69,200
2021 $462 $83,200 $14,000 $69,200
2020 $354 $63,800 $14,000 $49,800
2019 $354 $63,800 $14,000 $49,800
2018 $35,409 $63,800 $14,000 $49,800
2017 $35,409 $63,800 $14,000 $49,800
2016 $33,135 $67,900 $14,000 $53,900
2015 $33,135 $67,900 $14,000 $53,900
2014 -- $67,900 $14,000 $53,900
Source: Public Records

Agents Affiliated with this Home

  • Natalie Gongloff

    Seller's Agent in 2021

    Natalie Gongloff

    The Spencer Group R.E. & Auction

    (276) 252-8673

    193 Total Sales

    Natalie Gongloff
    Section Image

  • T

    Buyer's Agent in 2021

    Tommy Wright

    Rives S. Brown REALTOR

    21 Total Sales

    Tommy Wright
    Section Image
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Map

Source: Martinsville, Henry & Patrick Counties Association of REALTORS®

MLS Number: 134570

APN: 004610000

Virginia Henry County Martinsville 24112

2587 Mount Olivet Rd, Martinsville, VA

This home is located at 2587 Mount Olivet Rd, Martinsville, VA 24112 since 06 April 2020 and is currently estimated at $152,018, approximately $140 per square foot. This property was built in 1958. 2587 Mount Olivet Rd is a home located in Henry County with nearby schools including Mount Olivet Elementary School, Laurel Park Middle School, and Magna Vista High School.

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