C
Seller's Agent in 2020
Cole Harris
U/C BLUE RIDGE LAND & AUCTION CO INC- FLOYD
(540) 239-1907
1 in this area
43 Total Sales
2589 Old Ferrum Rd Ferrum, VA 24088
Ferrum NeighborhoodEstimated Value: $194,472 - $275,000
3
Beds
1.5
Baths
1,218
Sq Ft
$199/Sq Ft
Est. Value
Highlights
- 2.06 Acre Lot
- Ranch Style House
- Attached Carport
- Wooded Lot
- No HOA
- Gentle Sloping Lot
About This Home
As of December 2020This cozy home located on Old Ferrum Road would make a great place for your college student! Located only a few minutes from Ferrum College, this home offers 3 bedrooms and 1.5 baths, along with a full walk-out basement and attached carport. Enjoy the proximity to the college as well as Rocky Mount and Smith Mountain Lake just up the road!Great opportunity for a first time home buyer, a rental investment or even somewhere to retire! Property would make a great fixer-upper. Located close to Ferrum VA, Rocky Mount VA, and Smith Mountain Lake, and only 45 minutes to Roanoke VA.
Last Listed By
U/C BLUE RIDGE LAND & AUCTION CO INC- FLOYD License #0225241001 Listed on: 05/07/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $640
Year Built
- Built in 1987
Lot Details
- 2.06 Acre Lot
- Gentle Sloping Lot
- Wooded Lot
Parking
- Attached Carport
Home Design
- 1,218 Sq Ft Home
- Ranch Style House
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Schools
- Ferrum Elementary School
- Franklin County High School
Additional Features
- Laundry on main level
- Heat Pump System
Community Details
- No Home Owners Association
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 7, 2020
Closed on
Dec 14, 2020
Sold by
Manns Hodges A and Manns Edith Annette
Bought by
Layman Tyler K
Seller's Agent
Cole Harris
U/C BLUE RIDGE LAND & AUCTION CO INC- FLOYD
Buyer's Agent
Tim Massey
WAINWRIGHT & CO., REALTORS(r)- LAKE
List Price
$124,000
Sold Price
$113,400
Premium/Discount to List
-$10,600
-8.55%
Total Days on Market
177
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,968
Avg. Annual Appreciation
15.33%
Original Mortgage
$109,998
Outstanding Balance
$99,872
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$112,213
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Layman Tyler K | $113,400 | Investors Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Layman Tyler K | $109,998 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/14/2020 12/14/20 | Sold | $113,400 | -8.5% | $93 / Sq Ft |
| 10/31/2020 10/31/20 | Pending | -- | -- | -- |
| 05/07/2020 05/07/20 | For Sale | $124,000 | -- | $102 / Sq Ft |
Source: Roanoke Valley Association of REALTORS®
Tax History Compared to Growth
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 | $866 | $201,400 | $29,000 | $172,400 |
| 2023 | $702 | $115,000 | $22,000 | $93,000 |
| 2022 | $702 | $115,000 | $22,000 | $93,000 |
| 2021 | $702 | $115,000 | $22,000 | $93,000 |
| 2020 | $703 | $115,200 | $22,200 | $93,000 |
| 2019 | $641 | $105,000 | $22,200 | $82,800 |
| 2018 | $641 | $105,000 | $22,200 | $82,800 |
| 2017 | $578 | $105,500 | $22,200 | $83,300 |
| 2016 | $578 | $105,500 | $22,200 | $83,300 |
| 2015 | $570 | $105,500 | $22,200 | $83,300 |
| 2014 | $570 | $105,500 | $22,200 | $83,300 |
| 2013 | $570 | $105,500 | $22,200 | $83,300 |
Source: Public Records
Agents Affiliated with this Home
-
Cole Harris
-
Tim Massey
T
Buyer's Agent in 2020
Tim Massey
WAINWRIGHT & CO., REALTORS(r)- LAKE
(540) 420-6864
1 in this area
46 Total Sales
Map
Similar Homes in Ferrum, VA
Source: Roanoke Valley Association of REALTORS®
MLS Number: 869208
APN: 0810000504A
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