NOT LISTED FOR SALE

2589 Old Ferrum Rd Ferrum, VA 24088

Ferrum Area

Estimated Value: $220,000 - $261,000

3 Beds
1.5 Baths
1,218 Sq Ft
$201/Sq Ft Est. Value

Sale Details

Date Sold: December 14, 2020

Last sale price $113,400 $93 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $1,413 / mo

177 Days on Market

Highlights

  • 2.06 Acre Lot
  • Ranch Style House
  • Attached Carport
  • Wooded Lot
  • No HOA
  • Gentle Sloping Lot

About This Home

As of December 2020

This 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 Agent to Sell the Property

Cole Harris

U/C BLUE RIDGE LAND & AUCTION CO INC- FLOYD License #0225241001 Listed on: 05/07/2020

Last Buyer's Agent

Tim Massey

WAINWRIGHT & CO., REALTORS(r)- LAKE License #0225198546

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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

Home Details

Home Type

Single Family

Est. Annual Taxes

$640

Year Built

Built in 1987

Lot Details

2.06 Acres

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Cooling System: Heat Pump Electric
  • BedroomsBREntryLevel: 3
  • EntryAboveGrdFin Sq Ft: 1218.00
  • LaundryLaundryLowerLevel: 1
  • Major Area: 04 - Franklin County
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Carport Attached
  • Residential Type: Detached
  • Style Of House: 1 Story, Ranch
  • Total Above Grd Fin S Q F T: 1218
  • TotalBdrm: 3
  • TotalBths: 1.10
  • TotalFBaths: 1
  • Total Finished Sq Ft: 1218.00
  • TotalHBaths: 1
  • TotalUnfin Sq Ft: 1218.00
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 1218.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

  • Sewer Description: Private Septic - 3BR
  • Water Description: Private Well

Lot Info

  • Lot Description: Gentle Slope, Wooded
  • Lot Dimensions: 2.06 Acres
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 2.06

Building Info

  • Year Built: 1987

Tax Info

  • Taxes (6 mo): 640.00

MLS Schools

  • Elementary School: Ferrum
  • HighSchool: Franklin County
  • Middle School: Other - See Remarks

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2020
Closed on
Dec 14, 2020
Sold by
Bought by
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%
Current Estimated Value
$244,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,939
Avg. Annual Appreciation
14.44%
Original Mortgage
$109,998
Outstanding Balance
$96,079
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$148,260
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Ferrum, VA

  • Rich Northrup Real Estate Agent - Wainwright & Co., Realtors

    Rich Northrup

    Wainwright & Co., Realtors

    (585) 565-6316

    27 Total Sales

    1 in Ferrum

    $204,900 Price

    Rich Northrup
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  • Brenda Bratt Real Estate Agent - WAINWRIGHT & CO., REALTORS(r)- LAKE

    Brenda Bratt

    WAINWRIGHT & CO., REALTORS(r)- LAKE

    (540) 590-5011

    229 Total Sales

    3 in Ferrum

    $265K - $430K Price Range

    Brenda Bratt
     Section Image
  • Lisa Martin Real Estate Agent - LISA & CO., REALTORS(r)

    Lisa Martin

    LISA & CO., REALTORS(r)

    (540) 592-4413

    110 Total Sales

    1 in Ferrum

    $201,685 Price

    Lisa Martin
     Section Image
  • Rick Smith Real Estate Agent - MKB, REALTORS(r) - AT THE LAKE

    Rick Smith

    MKB, REALTORS(r) - AT THE LAKE

    (540) 590-5755

    76 Total Sales

    2 in Ferrum

    $24K - $169K Price Range

    Rick Smith
     Section Image
  • Christopher Kidd Carter Real Estate Agent - LONG & FOSTER - ROANOKE OFFICE

    Christopher Kidd Carter

    LONG & FOSTER - ROANOKE OFFICE

    (540) 900-1911

    159 Total Sales

    1 in Ferrum

    $350,000 Price

    Christopher Kidd Carter
     Section Image
  • Tony Lowrey Real Estate Agent - LOWREY REALTY LLC

    Tony Lowrey

    LOWREY REALTY LLC

    (434) 215-0459

    45 Total Sales

    1 in Ferrum

    $288,000 Price

    Tony Lowrey
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$113,400 Investors Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $109,998
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $866 $201,400 $29,000 $172,400
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

  • C

    Seller's Agent in 2020

    Cole Harris

    U/C BLUE RIDGE LAND & AUCTION CO INC- FLOYD

    (540) 239-1907

    33 Total Sales

    Cole Harris
    Section Image
  • Tim Massey Real Estate Agent - WAINWRIGHT & CO., REALTORS(r)- LAKE

    Buyer's Agent in 2020

    Tim Massey

    WAINWRIGHT & CO., REALTORS(r)- LAKE

    (540) 420-6864

    26 Total Sales

    Tim Massey
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 869208

Roanoke Valley Association of REALTORS®

APN: 0810000504A

Virginia Franklin County Ferrum 24088

2589 Old Ferrum Rd, Ferrum, VA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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