NOT LISTED FOR SALE

279 May Dr Gate City, VA 24251

Estimated Value: $237,000 - $386,000

3 Beds
2 Baths
2,250 Sq Ft
$124/Sq Ft Est. Value

Last Sold May 24, 2016

Last sale price $89,900 $40 Per Sq Ft

Est. 209% increase in value since last sale

Current estimated payment $1,528/month

139 Days on Market

Highlights

  • Deck
  • Cooling Available
  • Ceramic Tile Flooring
  • Front Porch
  • Patio
  • Level Lot

About This Home

As of May 2016

Home features 3 bedrooms and 2 bath. Has bonus room upstairs. All cash offers should be submitted with proof of funds for closing. All non-cash offers should be submitted with a prequalification letter from a reputable lender. Contingent upon finance, home inspection, and appraisal.

Last Agent to Sell the Property

Debra Ball

Prestige Homes of the Tri Cities, Inc. Listed on: 11/24/2015

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2002

Lot Details

  • 1 Acre Lot
  • Level Lot
  • Property is in average condition
  • Property is zoned A/R

Parking

  • Gravel Driveway

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1.5-Story Property
  • Living Room with Fireplace
  • Crawl Space

Flooring

  • Parquet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Patio
  • Front Porch

Schools

  • Shoemaker Elementary School
  • Gate City Middle School
  • Gate City High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Foreclosure
  • Assessor Parcel Number 124 A 64-B

Home Details

Home Type

Single Family

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Directions: Gate City to Kane St/US23, First Right onto Jones St, Left on E Jackson St, Take 1st Right onto Red Hill Rd 0.6 miles, Red Hill Rd becomes VA-666 2.8 miles, Left on May Dr. then bare right to house.
  • Prop. Type: Residential
  • Year Built: 2002
  • Property Sub Type: Single Family Residence
  • ResoSpecialListingConditions: In Foreclosure
  • Unit Levels: One and One Half
  • New Construction: No
  • Reso Structure Type: House
  • Contract Info Foreclosure: Yes
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 1.0
  • General Property Description Zoning2: A/R
  • General Property Description Elementary School3: Shoemaker
  • General Property Description Middle School2: Gate City
  • General Property Description High School3: Gate City
  • Water Public: Yes
  • General Property Description Lot Dimensions: 43560 sq. ft
  • General Property Description Home Warranty: No
  • TopographyLot Description Level2: Yes
  • General Property Description Parcel ID2: 124 A 64-B
  • General Property Description # Fireplaces: 1
  • AC Heat Pump3: Yes
  • TopographyLot Description Sloped: Yes
  • Property Condition Average: Yes
  • Flooring Ceramic Tile: Yes
  • RoofAsphalt: Yes
  • TopographyLot Description Steep Slope: Yes
  • Flooring Parquet: Yes
  • Levels One and One Half: Yes
  • Structure Type:House: Yes
  • Special Features: 1028

Interior Features

  • Has Basement: Crawl Space
  • Flooring: Ceramic Tile, Parquet
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • General Property Description Baths - Full: 2
  • Fireplace:Living Room: Yes
  • Basement:Crawl Space: Yes

Exterior Features

  • Property Condition: Average
  • Roof: Asphalt
  • Acres: 1.0
  • Topography: Level, Sloped, Steep Slope
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Deck, Front Patio, Front Porch
  • Exterior Finish Vinyl Siding: Yes
  • PorchPatioDeck Deck: Yes
  • PorchPatioDeck Front Patio: Yes
  • PorchPatioDeck Front Porch: Yes

Garage/Parking

  • Parking Features: Gravel
  • Attached Garage: No
  • Parking Features:Gravel: Yes

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Tank
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes

Schools

  • Elementary School: Shoemaker
  • High School: Gate City
  • Middle Or Junior School: Gate City

Lot Info

  • Zoning: A/R
  • Lot Dimensions: 43560 sq. ft
  • Lot Size Sq Ft: 43560.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 124 A 64-B
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2015
Closed on
May 13, 2016
Sold by
Franklin American Mortgage Company
Bought by
Grimm Joshua
Seller's Agent
Debra Ball
Prestige Homes of the Tri Cities, Inc.
List Price
$94,900
Sold Price
$89,900
Premium/Discount to List
-$5,000
-5.27%
Current Estimated Value
$277,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,052
Avg. Annual Appreciation
12.37%
Original Mortgage
$85,405
Outstanding Balance
$67,463
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$210,489

Purchase Details

Closed on
May 7, 2013
Sold by
Eastman Credit Union
Bought by
Gilbert Jamie and Gilbert Briana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,285
Interest Rate
3.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 2012
Sold by
Fields Timothy M and Fields Amy B
Bought by
Eastman Credit Union
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
Grimm Joshua $89,900 None Available
Gilbert Jamie $114,900 None Available
Eastman Credit Union $100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grimm Joshua $85,405
Previous Owner Gilbert Jamie $119,285
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2016 05/24/16 Sold $89,900 -5.3% $40 / Sq Ft
04/11/2016 04/11/16 Pending -- -- --
11/23/2015 11/23/15 For Sale $94,900 -- $42 / Sq Ft
Source: Tennessee/Virginia Regional MLS

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 $1,012 $131,400 $33,000 $98,400
2024 $1,012 $131,400 $33,000 $98,400
2023 $1,012 $131,400 $33,000 $98,400
2022 $1,012 $131,400 $33,000 $98,400
2021 $921 $115,100 $13,000 $102,100
2020 $921 $115,100 $13,000 $102,100
2019 $921 $115,100 $13,000 $102,100
2018 $852 $115,100 $13,000 $102,100
2017 $852 $115,100 $13,000 $102,100
2016 -- $115,100 $13,000 $102,100
2015 -- $145,300 $13,500 $131,800
2014 -- $145,300 $13,500 $131,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 370625

Tennessee/Virginia Regional MLS

APN: 124-A-64-B