NOT LISTED FOR SALE

278 W Main St Lebanon, VA 24266

Estimated Value: $413,000 - $498,000

4 Beds
2.5 Baths
4,160 Sq Ft
$112/Sq Ft Est. Value

Last Sold May 25, 2023

Last sale price $445,000 $107 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,622/month

Highlights

  • 4 Fireplaces
  • Cooling Available
  • Historic Home
  • Paneling
  • Level Lot
  • Heat Pump System

About This Home

As of May 2023

STEP BACK IN TIME and welcome to the ''Elliott House,'' situated on the corner of West Main Street and Park Avenue in charming Lebanon, VA. This amazing historic residence was built in 1909 by Samuel Aston, who served the community and several coal/ natural resources companies as an attorney. The home was purchased by physician W.C. Elliott in 1946. Dr. Elliott made house calls, and most notably cared for the mining community in Dante, VA-- he founded the Russell County Medical Center. The Elliott House has been renovated throughout the years, but has had much of it's original charm kept intact. The kitchen/ mud room area was redone in the 1970s, but more recently, all bathrooms have been updated, flooring throughout has been re-finished, LED lighting has been added, etc. The cut limestone exterior is in fantastic condition! A HUGE bonus for this property is the detached garage, which features a fully-renovated one bedroom apartment upstairs--- perfect as a long-term rental or Airbnb! This home and it's beautiful footprint and enclosed rear yard could easily be used as a move-in ready primary residence, or would serve well as an office with the detached garage utilized as income property. You won't want to miss the opportunity to see this one in person!

Last Agent to Sell the Property

Rebecca Arnold

Prestige Homes of the Tri Cities, Inc. License #335668 Listed on: 05/23/2023

Last Buyer's Agent

Bee Stuart

Stuart & Assoc License #0225067467

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,130

Year Built

  • Built in 1909 | Remodeled

Lot Details

  • Lot Dimensions are 120 x 248
  • Level Lot
  • Historic Home
  • Property is in good condition

Parking

  • 2 Car Garage

Home Design

  • Plaster Walls
  • Shingle Roof
  • Asphalt Roof
  • Stone Exterior Construction
  • Stone

Interior Spaces

  • 4,160 Sq Ft Home
  • 2-Story Property
  • Paneling
  • 4 Fireplaces
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Lebanon Elementary And Middle School
  • Lebanon High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 104r 647

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,130

Year Built

Built in 1909 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Directions: From Highway 19, take Exit 1. Turn L on W Main St. Home is on Left on corner of W Main and Park Ave
  • Prop. Type: Residential
  • Year Built: 1909
  • Garage Garage Spaces: 2
  • Property Sub Type: Single Family Residence
  • Subdivision Name: Not In Subdivision
  • Architectural Style: Historic
  • Unit Levels: Two
  • New Construction: No
  • Reso Structure Type: House
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Zoning2: Residential
  • General Property Description Elementary School3: Lebanon
  • General Property Description Middle School2: Lebanon
  • General Property Description High School3: Lebanon
  • Property Condition Above Average: Yes
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 120 x 248
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 4160.0
  • General Property Description Above Grade SqFt: 4160.0
  • TopographyLot Description Level2: Yes
  • General Property Description Parcel ID2: 104r 647
  • General Property Description # Fireplaces: 4
  • Roof Shingle: Yes
  • AC Heat Pump3: Yes
  • General Property Description Stories2: 2
  • Utilities Cable Available: Yes
  • Style Historic: Yes
  • Property Condition UpdatedRemodeled: Yes
  • Walls Paneling: Yes
  • Walls Plaster: Yes
  • RoofAsphalt: Yes
  • Levels:Two: Yes
  • Structure Type:House: Yes
  • Special Features: None

Interior Features

  • Has Basement: Concrete
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplaces: 4
  • General Property Description Baths - Full: 2
  • General Property Description Baths - 12: 1
  • Basement:Concrete3: Yes

Exterior Features

  • Property Condition: Above Average, Updated/Remodeled
  • Roof: Asphalt, Shingle
  • Topography: Level
  • Home Warranty: No
  • Construction Type: Stone, Plaster
  • Exterior Finish Stone5: Yes

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes

Schools

  • Elementary School: Lebanon
  • High School: Lebanon
  • Middle Or Junior School: Lebanon

Lot Info

  • Zoning: Residential
  • Lot Dimensions: 120 x 248
  • Parcel #: 104r 647

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2023
Closed on
May 25, 2023
Sold by
Leonard Companies Family Lp
Bought by
Keen Ernest Brock and Nash Amy L
Seller's Agent
Rebecca Arnold
Prestige Homes of the Tri Cities, Inc.
Buyer's Agent
Bee Stuart
Stuart & Assoc
List Price
$499,900
Sold Price
$445,000
Premium/Discount to List
-$54,900
-10.98%
Current Estimated Value
$464,530

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,530
Avg. Annual Appreciation
1.76%
Original Mortgage
$422,750
Outstanding Balance
$410,736
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$53,794

Purchase Details

Closed on
Feb 5, 2021
Sold by
Leonard Companies Family Lp
Bought by
Turner John Charley and Owens Sharon

Purchase Details

Closed on
Oct 19, 2016
Sold by
Cedar Valley Properties Llc
Bought by
Leonard Companies Family Lp
Source: Public Records

Range of Values:

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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
Keen Ernest Brock $445,000 Old Republic National Title
Turner John Charley $20,000 None Listed On Document
Turner John Charley $20,000 None Listed On Document
Leonard Companies Family Lp $325,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Keen Ernest Brock $422,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2023 05/25/23 Sold $445,000 -11.0% $107 / Sq Ft
05/23/2023 05/23/23 Pending -- -- --
05/23/2023 05/23/23 For Sale $499,900 -- $120 / Sq Ft
Source: Tennessee/Virginia Regional 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 $2,130 $367,800 $47,300 $320,500
2024 $1,181 $187,400 $47,300 $140,100
2023 $1,181 $187,400 $47,300 $140,100
2022 $1,181 $187,400 $47,300 $140,100
2021 $1,181 $187,400 $47,300 $140,100
2020 $1,181 $187,400 $47,300 $140,100
2019 $1,181 $187,400 $47,300 $140,100
2018 $997 $158,300 $27,300 $131,000
2017 $997 $158,300 $27,300 $131,000
2016 $997 $158,300 $27,300 $131,000
2015 -- $158,300 $27,300 $131,000
2012 -- $158,100 $35,000 $123,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9952090

Tennessee/Virginia Regional MLS

APN: 104R647