Seller's Agent in 2024
Jarrod Hines
MKB, REALTORS(r)
(540) 250-2964
64 Total Sales
29 Broad St Unit & 29 1/2 Martinsville, VA 24112
Estimated Value: $172,000 - $209,351
--
Bed
--
Bath
5,807
Sq Ft
$34/Sq Ft
Est. Value
About This Home
As of August 2024Unique downtown Martinsville investment opportunity. Featuring four residential spaces and eleven commercial spaces across the two buildings. All residential spaces are currently rented and producing income. 29 Broad Street also currently has a tenant leasing one of the commercial spaces at that location. Several other commercial lease opportunities exist at both locations for future income potential.
Last Agent to Sell the Property
MKB, REALTORS(r) License #0225238325 Listed on: 07/03/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,225
Year Built
- Built in 1935
Lot Details
- 0.44 Acre Lot
Home Design
- Brick Exterior Construction
Interior Spaces
- 5,807 Sq Ft Home
- Crawl Space
Utilities
- Ductless Heating Or Cooling System
- Window Unit Cooling System
- Radiator
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- Operating Expense $9,500
- Gross Income $34,800
- Net Operating Income $25,300
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 4, 2025
Sold by
Aj1 Re Llc
Bought by
Ajirei Llc
Current Estimated Value
Purchase Details
Closed on
Jan 6, 2025
Sold by
Lopez Low Jesse and Lopez Alexandra
Bought by
Aj1 Re Llc
Purchase Details
Listed on
Jul 3, 2024
Closed on
Aug 14, 2024
Sold by
Af Investments Llc
Bought by
Lopez Low Jesse and Lopez Low Alexandra B
Seller's Agent
Jarrod Hines
MKB, REALTORS(r)
Buyer's Agent
Grant Cockrell
RE/MAX ALL STARS
List Price
$125,000
Sold Price
$181,500
Premium/Discount to List
$56,500
45.2%
Views
31
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.07%
Purchase Details
Closed on
Feb 2, 2023
Sold by
Theofilos G Balabanis Trust
Bought by
Af Investments Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ajirei Llc | -- | Colonial Title And Settlement | |
| Aj1 Re Llc | -- | Colonial Title And Settlement | |
| Lopez Low Jesse | $181,500 | None Listed On Document | |
| Af Investments Llc | $152,586 | Fidelity National Title |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2024 08/15/24 | Sold | $181,500 | 0.0% | $31 / Sq Ft |
| 07/26/2024 07/26/24 | Pending | -- | -- | -- |
| 07/20/2024 07/20/24 | Price Changed | $181,500 | +45.2% | $31 / Sq Ft |
| 07/03/2024 07/03/24 | For Sale | $125,000 | -- | $22 / Sq Ft |
Source: Roanoke Valley Association of REALTORS®
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $1,386 | $140,000 | $49,900 | $90,100 |
| 2023 | $1,386 | $140,000 | $49,900 | $90,100 |
| 2022 | $1,247 | $119,900 | $49,900 | $70,000 |
| 2021 | $1,247 | $119,900 | $49,900 | $70,000 |
| 2020 | $1,273 | $119,900 | $49,900 | $70,000 |
| 2019 | $1,273 | $119,900 | $49,900 | $70,000 |
| 2018 | $1,273 | $119,900 | $49,900 | $70,000 |
| 2017 | $1,273 | $119,900 | $49,900 | $70,000 |
| 2016 | $1,273 | $119,900 | $49,900 | $70,000 |
| 2015 | $1,273 | $119,900 | $49,900 | $70,000 |
| 2014 | $1,273 | $119,900 | $49,900 | $70,000 |
Source: Public Records
Agents Affiliated with this Home
-
Jarrod Hines
-
Grant Cockrell
Buyer's Agent in 2024
Grant Cockrell
RE/MAX
(540) 580-8232
197 Total Sales
Map
Source: Roanoke Valley Association of REALTORS®
MLS Number: 908996
APN: 000500500
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