NOT LISTED FOR SALE

2620 Electric Rd Roanoke, VA 24018

Cave Spring Neighborhood

Estimated Value: $207,930 - $305,000

0.71 Acre
$361,218 Price per Acre
30,928 Sq Ft Lot

Sale Details

Date Sold: July 8, 2022

Last sale price $168,392

Est. 52% increase in value since last sale

Current estimated payment $1,664 / mo

334 Days on Market

About This Lot

As of July 2022

You wanted a deal so here it is! Assessed at $336,300 is the last lot available in the Olde Dominion Office Park, southwest Roanoke County's premier office park with exceptional visibility on Electric Road. This is the only pad ready site in southwest Roanoke County. Architectural restrictions are in place to assure only the finest quality development. All utilities , curb, guttering, landscaping and storm water management are in place. This is a pad ready site directly on Electric Road, Roanoke's premier commercial corridor. A Property Owner's Association handles grounds and parking lot upkeep. Please take our Aerial Tour through the link listed below. This lot will accommodate a 8,000 square foot two-story building with an additional 2,000 sq ft of daylight basement storage.

Last Agent to Sell the Property

Henry Scholz

MKB, REALTORS® License #0225055191 Listed on: 05/26/2021

MKB, REALTORS®

Co-Listed By

Thomas Fellers

MKB, REALTORS® License #0225188535

Last Buyer's Agent

Jared Schweitzer

MILLER LONG & ASSOCIATES License #4001009036

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,665

Lot Details

  • 30,928 Sq Ft Lot
  • Lot Sloped Down
  • Property is zoned C1

Schools

  • Green Valley Elementary School
  • Hidden Valley Middle School
  • Hidden Valley High School

Utilities

  • Underground Utilities

Community Details

  • Property has a Home Owners Association

Listing and Financial Details

  • Tax Lot 1

Property Details

Property Type

Land

Est. Annual Taxes

$3,665

Lot Details

0.71 Acres

Listing Details

  • Type: Land
  • ElectricDescription: Below Ground
  • Land Sub Type: Commercial Land
  • Major Area: 02 - Roanoke County
  • Phone Email: .
  • P O A Condo Contact Name: .
  • Hoa2 Or Poa: Yes
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water

Association/Amenities

  • Misc Features: Underground Util

Lot Info

  • Property Group Id: 19990816212131825981000000
  • Land Description: Down Slope
  • Total Acreage: 0.71
  • Lot: 1
  • Land Type: Lot
  • ZoningCode: C1

Tax Info

  • Taxes (6 mo): 3665.00

MLS Schools

  • Elementary School: Green Valley
  • HighSchool: Hidden Valley
  • Middle School: Hidden Valley

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 26, 2021
Closed on
Jun 29, 2022
Sold by
Java Llc
Bought by
Seller's Agent
Henry Scholz
MKB, REALTORS®
Buyer's Agent
Jared Schweitzer
MILLER LONG & ASSOCIATES
List Price
$179,000
Sold Price
$168,393
Premium/Discount to List
-$10,608
-5.93%
Current Estimated Value
$256,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,073
Avg. Annual Appreciation
10.70%
Original Mortgage
$182,000
Interest Rate
5%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Cave Spring, VA

  • Tammy Shepherd Real Estate Agent - SHEPHERD REALTY GROUP

    Tammy Shepherd

    SHEPHERD REALTY GROUP

    (540) 666-6265

    257 Total Sales

    6 in Cave Spring

    $258K - $428K Price Range

    Tammy Shepherd
     Section Image
  • Rick Smith Real Estate Agent - MKB, REALTORS® - AT THE LAKE

    Rick Smith

    MKB, REALTORS® - AT THE LAKE

    (540) 590-5755

    74 Total Sales

    1 in Cave Spring

    $305,010 Price

    Rick Smith
     Section Image

  • GA

    Greg Alexander

    KW SALEM PROFESSIONALS

    (540) 240-9568

    65 Total Sales

    3 in Cave Spring

    $298K - $410K Price Range

    Greg Alexander
     Section Image
  • Kevin Westlake Real Estate Agent - KEYSTONE REALTY OF ROANOKE LLC

    Kevin Westlake

    KEYSTONE REALTY OF ROANOKE LLC

    (540) 240-9772

    24 Total Sales

    2 in Cave Spring

    $355K - $375K Price Range

    Kevin Westlake
     Section Image
  • Amanda Patterson Real Estate Agent - VARNEY REALTY PARTNERS

    Amanda Patterson

    VARNEY REALTY PARTNERS

    (540) 452-9637

    32 Total Sales

    4 in Cave Spring

    $175K - $540K Price Range

    Amanda Patterson
     Section Image

  • TH

    Tim Hash

    MOUNTAIN CITY REALTY & AUCTION LLC

    (540) 240-9970

    69 Total Sales

    7 in Cave Spring

    $200K - $320K Price Range

    Tim Hash
     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
$174,500 None Listed On Document
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
Previous Owner $182,000
Previous Owner Java Llc $460,000
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
07/08/2022 07/08/22 Sold $168,393 -5.9% --
04/25/2022 04/25/22 Pending -- -- --
05/26/2021 05/26/21 For Sale $179,000 -- --
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
2026 $10,020 $811,511 $591,467 $220,044
2025 $10,020 $795,600 $579,870 $215,730
2024 $9,654 $780,000 $568,500 $211,500
2023 $1,284 $61,444 $15,995 $45,449
2022 $1,253 $60,240 $15,682 $44,558
2021 $1,224 $59,060 $15,375 $43,685
2019 $1,197 $57,311 $14,920 $42,391
2018 $1,057 $56,188 $14,628 $41,560
2016 $981 $54,009 $14,061 $39,948
2015 $964 $53,198 $13,850 $39,348
2014 $963 $52,157 $13,579 $38,578
Source: Public Records

Agents Affiliated with this Home

  • Henry Scholz Real Estate Agent - MKB, REALTORS®

    Seller's Agent in 2022

    Henry Scholz

    MKB, REALTORS®

    (540) 353-0100

    8 in this area

    36 Total Sales

    Henry Scholz
    Section Image
  • Thomas Fellers Real Estate Agent - MKB, REALTORS®

    Seller Co-Listing Agent in 2022

    Thomas Fellers

    MKB, REALTORS®

    (540) 632-3374

    37 in this area

    222 Total Sales

    Thomas Fellers
    Section Image

  • JS

    Buyer's Agent in 2022

    Jared Schweitzer

    MILLER LONG & ASSOCIATES

    (540) 761-9291

    1 in this area

    2 Total Sales

    Jared Schweitzer
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 880229

Roanoke Valley Association of REALTORS®

APN: 076.11-02-23.01-0000

Virginia Roanoke County Roanoke 24018 Cave Spring

2620 Electric Rd, Roanoke, 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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