NOT LISTED FOR SALE

261 Gray St Danville, VA 24541

Estimated Value: $89,000 - $243,000

3 Beds
1.5 Baths
1,694 Sq Ft
$84/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $69,000 $41 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $798/month

6 Days on Market

Highlights

  • Traditional Architecture
  • High Ceiling
  • Laundry Room
  • Wood Flooring
  • Covered Patio or Porch
  • Dining Room

About This Home

As of September 2023

CONVENIENTLY NEAR Stratford House Rehab Center, Stratford House, and Sova Hospital, this investment opportunity would make GREAT RENTAL INCOME with potential physicians, nurses, PTs, or patients because of it's location! Excellent AirBnb opportunity as well. Wood flooring throughout, high ceilings, possible 4th bedroom on main level, dedicated laundry area, METAL ROOF no leaks, huge front porch, huge fenced-in level backyard handsome masonry sidewalks convenient walking to shops and restaurants, beautiful surroundings, very structurally sound, a must see. MOTIVATED SELLER, selling as-is

Last Agent to Sell the Property

Rick Fain

JEFF DAVIS & ASSOCIATES, LLC Brokerage Phone: 4347927653 License #0225216818 Listed on: 08/31/2023

Last Buyer's Agent

Rick Fain

JEFF DAVIS & ASSOCIATES, LLC Brokerage Phone: 4347927653 License #0225216818 Listed on: 08/31/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $170

Year Built

  • Built in 1910

Lot Details

  • 8,146 Sq Ft Lot
  • Fenced
  • Level Lot
  • Property is zoned OTR

Parking

  • No Garage

Home Design

  • Traditional Architecture
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,694 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Dining Room
  • Wood Flooring
  • Basement Cellar
  • Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer

Outdoor Features

  • Covered Patio or Porch

Schools

  • Volens Elementary School
  • Westwood Middle School
  • GWHS High School

Utilities

  • No Cooling
  • Boiler Heating System
  • Heating System Uses Wood

Listing and Financial Details

  • Assessor Parcel Number 60441

Home Details

Home Type

Single Family

Est. Annual Taxes

$170

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.187
  • Road Surface Type: Paved
  • Subdivision Name: No Subdivision
  • Directions: From Stratford House, SOVA Hospital, and Stratford Rehab Center, go down Rison St, turn right at Gray St, house on right at sign
  • Above Grade Finished Sq Ft: 1686
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Year Built: 1910
  • Attribution Contact: 4347927653
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Refrigerator, Washer
  • Has Basement: Cellar
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: High Ceilings, Dining Room
  • Living Area: 1694

Exterior Features

  • Fencing: Fenced
  • Lot Features: Less than 1 acre, Level
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Exterior Features: Masonry Sidewalks
  • Patio And Porch Features: Patio, Porch, Front, Covered
  • Property Condition: 75 Plus Years Old
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, No Carport

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup, 1st Floor Laundry, Laundry Room
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wood, Boiler
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Volens
  • High School: Gwhs
  • Middle Or Junior School: Westwood

Lot Info

  • Lot Size Sq Ft: 8145.72
  • Parcel #: 60441
  • Zoning: OTR
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 170

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2023
Closed on
Dec 18, 2023
Sold by
Aslam Haroon
Bought by
Legacy Home Collective Llc
Seller's Agent
Rick Fain
JEFF DAVIS & ASSOCIATES, LLC
Buyer's Agent
Marjorie Barr
EXP Realty LLC
List Price
$69,000
Sold Price
$70,000
Premium/Discount to List
$1,000
1.45%
Views
697
Current Estimated Value
$142,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,795
Avg. Annual Appreciation
39.97%
Original Mortgage
$2,000,000
Outstanding Balance
$1,962,987
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
-$1,820,192

Purchase Details

Listed on
Aug 31, 2023
Closed on
Sep 29, 2023
Sold by
Epi Rentals Llc
Bought by
Aslam Haroon
Seller's Agent
Rick Fain
JEFF DAVIS & ASSOCIATES, LLC
Buyer's Agent
Rick Fain
JEFF DAVIS & ASSOCIATES, LLC
List Price
$69,000
Sold Price
$69,000
Views
697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.46%

Purchase Details

Listed on
Aug 31, 2023
Closed on
Aug 24, 2023
Sold by
Hairston Nita L and Long Nita C
Bought by
Epi Rentals Llc
Seller's Agent
Rick Fain
JEFF DAVIS & ASSOCIATES, LLC
Buyer's Agent
Rick Fain
JEFF DAVIS & ASSOCIATES, LLC
List Price
$69,000
Sold Price
$69,000
Views
697
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Legacy Home Collective Llc $70,000 Chicago Title
Aslam Haroon $69,000 Stewart Title
Epi Rentals Llc $28,000 Stewart Title Guaranty Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Legacy Home Collective Llc $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2023 09/29/23 Sold $69,000 0.0% $41 / Sq Ft
09/07/2023 09/07/23 Pending -- -- --
08/31/2023 08/31/23 For Sale $69,000 -- $41 / Sq Ft
Source: Dan River Region Association of REALTORS®

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 $675 $81,300 $4,900 $76,400
2024 $675 $81,300 $4,900 $76,400
2023 $170 $20,200 $4,900 $15,300
2022 $170 $20,200 $4,900 $15,300
2021 $176 $21,000 $4,900 $16,100
2020 $176 $21,000 $4,900 $16,100
2019 $179 $21,300 $4,900 $16,400
2018 $170 $21,300 $4,900 $16,400
2017 $181 $22,600 $4,900 $17,700
2016 $165 $22,600 $4,900 $17,700
2015 $211 $28,900 $4,900 $24,000
2014 $211 $28,900 $4,900 $24,000
Source: Public Records

Agents Affiliated with this Home

  • Rick Fain

    Seller's Agent in 2023

    Rick Fain

    JEFF DAVIS & ASSOCIATES, LLC

    (434) 822-3334

    337 Total Sales

    Rick Fain
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Map

Source: Dan River Region Association of REALTORS®

MLS Number: 66681

APN: 24701

Virginia Danville City County Danville 24541

261 Gray St, Danville, VA

Not Listed for Sale

Detached

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