NOT LISTED FOR SALE

2609 Papermill Rd Winchester, VA 22601

Estimated Value: $747,275

2 Acres
$373,638 Price per Acre
87,120 Sq Ft Lot

Last Sold February 05, 2019

Last sale price $510,000 $212 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $4,036/month

487 Days on Market

About This Lot

As of February 2019

Reduced with MAJOR price change. 2 Acres, Prime Commercial Development Land, Winchester. Great location for maximum exposure for any retail or office business. Heart of retail, at a busy intersection. Includes 2400sf office. Zoned CM1. Tevis to be expanded & future development coming. Across from Panera Bread, Red Lobster, & LIDL Grocery. Great visibility & opportunity! $300k/acre, Make Offer!

Last Agent to Sell the Property

Gillian Greenfield

(540) 662-4500 gillian.greenfield@greenfieldandcraun.com Coldwell Banker Premier Listed on: 08/09/2017

Coldwell Banker Premier

Last Buyer's Agent

VENUGOPAL RAVVA

(571) 294-7339 ravva.realty@gmail.com Maram Realty, LLC License #0225256384

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,663

Lot Details

  • 2 Acre Lot
  • Cost To Obtain Building Permits
  • Property is zoned CM1

Schools

  • Daniel Morgan Middle School
  • John Handley High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 100

Property Details

Property Type

Land

Est. Annual Taxes

$3,663

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only
  • New Construction: No
  • Federal Flood Zone: No
  • Special Features: None

Interior Features

  • Basement: No
  • Price Per Sq Ft: 6.89

Exterior Features

  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • High School: JOHN HANDLEY
  • Middle Or Junior School: DANIEL MORGAN

Lot Info

  • Additional Parcels: No
  • Improvement Assessed Value: 27000.00
  • Lot Size Acres: 2.00
  • Lot Size Area: 87120
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 87120.00
  • Possible Use: Wholesale
  • Zoning: CM1
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3662.75
  • Assessor Parcel Number: 100
  • Tax Data Updated: No
  • Tax Year: 2017

MLS Schools

  • School District Name: WINCHESTER CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2022
Sold by
Fortune Works Inc
Bought by
Manges Adam C and Manges Marilou G
Current Estimated Value
$747,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Outstanding Balance
$497,665
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$257,696

Purchase Details

Closed on
May 7, 2021
Sold by
Sriramaneni Vegashwarrao and Sriramaneni Arunakumar
Bought by
Fortune Works Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
3.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 20, 2019
Sold by
Fortune Works Inc
Bought by
Sriramaneni Vegeshwarrao and Sriramaneni Arunakumari

Purchase Details

Listed on
Aug 9, 2017
Closed on
Feb 5, 2019
Sold by
Horizon Holdings Llc
Bought by
Fortune Works Inc
Seller's Agent
Gillian Greenfield
Coldwell Banker Premier
Buyer's Agent
VENUGOPAL RAVVA
Maram Realty, LLC
List Price
$800,000
Sold Price
$510,000
Premium/Discount to List
-$290,000
-36.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.80%
Original Mortgage
$382,500
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 6, 2006
Sold by
Brown Robert D and Brown Janice M
Bought by
Horizon Holdings Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Manges Adam C -- None Listed On Document
Fortune Works Inc -- None Available
Sriramaneni Vegeshwarrao -- Settlement Services Llc
Fortune Works Inc $510,000 First American Title Ins Co
Horizon Holdings Llc $1,000,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Manges Adam C $520,000
Previous Owner Fortune Works Inc $395,000
Previous Owner Fortune Works Inc $382,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2019 02/05/19 Sold $510,000 -15.0% $213 / Sq Ft
11/16/2018 11/16/18 Price Changed $599,900 -25.0% $250 / Sq Ft
08/09/2017 08/09/17 For Sale $800,000 -- $333 / Sq Ft
Source: Bright 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
2025 $1,863 $234,400 $139,900 $94,500
2024 $0 $566,200 $487,900 $78,300
2023 $4,699 $566,200 $487,900 $78,300
2022 $4,789 $514,900 $487,900 $27,000
2021 $4,789 $514,900 $487,900 $27,000
2020 $4,789 $514,900 $487,900 $27,000
2019 $4,789 $514,900 $487,900 $27,000
2018 $4,686 $514,900 $487,900 $27,000
2017 $4,686 $514,900 $487,900 $27,000
2016 $3,663 $402,500 $348,500 $54,000
2015 $3,663 $402,500 $348,500 $54,000
2014 $4,657 $490,200 $435,600 $54,600
Source: Public Records

Agents Affiliated with this Home

  • Gillian Greenfield

    Seller's Agent in 2019

    Gillian Greenfield

    Coldwell Banker Premier

    (540) 662-4500

    51 in this area

    75 Total Sales

    Gillian Greenfield
    Section Image
  • VENUGOPAL RAVVA

    Buyer's Agent in 2019

    VENUGOPAL RAVVA

    Maram Realty, LLC

    (571) 294-7339

    289 Total Sales

    VENUGOPAL RAVVA
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000166075

Bright MLS

APN: 291-01-9

Virginia Winchester County Winchester 22601

2609 Papermill Rd, Winchester, VA

Not Listed for Sale

Lots

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