NOT LISTED FOR SALE

2640 Electric Rd Roanoke, VA 24018

Cave Spring Neighborhood

Estimated Value: $189,361 - $323,000

0.35 Acre
$731,946 Price per Acre
15,246 Sq Ft Lot

Last Sold May 17, 2021

Last sale price $140,000

Est. 81% increase in value since last sale

Current estimated payment $1,464/month

49 Days on Market

About This Lot

As of May 2021

OFFERS is now open and will close 5 PM Friday February 26th. Offers opened on Saturday February 27th. Olde Dominion Office Park offers SW Roanoke County's premier development sites with exceptional visibility on Electric Road. Architectural restrictions are in place to assure only the finest quality development. The first four of six buildings are completed. All utilities, curb, guttering, landscaping and storm water management are in place. These are pad ready sites directly on Electric Road, Roanoke's premier commercial corridor. A Property Owner's Association handles grounds & parking lot upkeep. This lot can accommodate a 5,400 sq. ft. two-story building.

Last Agent to Sell the Property

Henry Scholz

MKB, REALTORS(r) License #0225055191 Listed on: 01/27/2021

MKB, REALTORS(r)

Co-Listed By

Thomas Fellers

MKB, REALTORS(r) License #0225188535

Last Buyer's Agent

Andy Mullins

REALSTAR, REALTORS(r) LLC License #0225090506

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,696

Lot Details

  • 0.35 Acre Lot
  • Level Lot
  • 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 3

Property Details

Property Type

Land

Est. Annual Taxes

$1,696

Lot Details

0

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

Lot Info

  • Property Group Id: 19990816212131825981000000
  • Land Description: Level
  • Total Acreage: 0.35
  • Lot: 3
  • Land Type: Lot
  • ZoningCode: C1

Tax Info

  • Taxes (6 mo): 1696.00

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2021
Closed on
Apr 28, 2021
Sold by
Java Llc
Bought by
7 Beaver Dam Llc
Seller's Agent
Henry Scholz
MKB, REALTORS(r)
Buyer's Agent
Andy Mullins
REALSTAR, REALTORS(r) LLC
List Price
$199,000
Sold Price
$140,000
Premium/Discount to List
-$59,000
-29.65%
Current Estimated Value
$253,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,078
Avg. Annual Appreciation
14.54%
Original Mortgage
$105,000
Outstanding Balance
$95,007
Interest Rate
3%
Mortgage Type
Credit Line Revolving
Estimated Equity
$161,174
Source: Public Records

Range of Values:

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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
7 Beaver Dam Llc $140,000 None Listed On Document
7 Beaver Dam Llc $140,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 7 Beaver Dam Llc $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2021 05/17/21 Sold $140,000 -29.6% --
03/17/2021 03/17/21 Pending -- -- --
01/27/2021 01/27/21 For Sale $199,000 -- --
Source: Roanoke Valley Association of REALTORS®

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 $1,673 $162,400 $162,400 $0
2024 $1,689 $162,400 $162,400 $0
2023 $1,721 $162,400 $162,400 $0
2022 $1,770 $162,400 $162,400 $0
2021 $1,770 $162,400 $162,400 $0
2020 $1,770 $162,400 $162,400 $0
2019 $1,696 $155,600 $155,600 $0
2018 $1,250 $140,600 $140,600 $0
2017 $1,250 $114,700 $114,700 $0
2016 $1,222 $112,100 $112,100 $0
2015 $1,053 $96,600 $96,600 $0
2014 $1,026 $94,100 $94,100 $0
Source: Public Records

Agents Affiliated with this Home

  • Henry Scholz

    Seller's Agent in 2021

    Henry Scholz

    MKB, REALTORS(r)

    (540) 353-0100

    8 in this area

    37 Total Sales

    Henry Scholz
    Section Image
  • Thomas Fellers

    Seller Co-Listing Agent in 2021

    Thomas Fellers

    MKB, REALTORS(r)

    (540) 632-3374

    35 in this area

    208 Total Sales

    Thomas Fellers
    Section Image
  • Andy Mullins

    Buyer's Agent in 2021

    Andy Mullins

    REALSTAR, REALTORS(r) LLC

    (540) 776-1559

    1 in this area

    16 Total Sales

    Andy Mullins
    Section Image
  • Steve Stevens

    Buyer Co-Listing Agent in 2021

    Steve Stevens

    RE/MAX

    (309) 261-3355

    17 in this area

    140 Total Sales

    Steve Stevens
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 876614

Roanoke Valley Association of REALTORS®

APN: 076.11-02-23.03-0000

Virginia Roanoke County Roanoke 24018 Cave Spring

2640 Electric Rd, Roanoke, VA

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