NOT LISTED FOR SALE

2900 Old Ferrum Rd Ferrum, VA 24088

Estimated Value: $278,000 - $362,000

3 Beds
1.5 Baths
1,919 Sq Ft
$171/Sq Ft Est. Value

Last Sold April 01, 2020

Last sale price $173,000 $90 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $1,750/month

81 Days on Market

Highlights

  • 11.95 Acre Lot
  • Ranch Style House
  • Front Porch
  • Wood Burning Stove
  • No HOA
  • Storage

About This Home

As of April 2020

1 owner brick home w/ 11.9 acres convenient to Rocky Mount, Ferrum College, and Philpott Lake. Former Outlet Recording Studio. Private setting w/ mixture of open and wooded land; very usable area for garden/detached building. Home features masonry fireplace with all bedrooms and baths on entry level. Updates include interior/exterior painting, roof(10 years), heat pump (10 years), well pump and septic lines. Both panel boxes replaced since 2009. Taxes, year built, acreage and sq. footage based on count records; age of updates estimated.

Last Agent to Sell the Property

Bob Parcell

MOUNTAIN TO LAKE REALTY License #0225082024 Listed on: 11/14/2019

Last Buyer's Agent

Marilyn Perdue

WAINWRIGHT & CO., REALTORS(r)- LAKE License #0225113125

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,035

Year Built

  • Built in 1965

Lot Details

  • 11.95 Acre Lot
  • Garden
  • Property is zoned NZ

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 1,919 Sq Ft Home
  • Ceiling Fan
  • Wood Burning Stove
  • Fireplace Features Masonry
  • Living Room with Fireplace
  • Storage
  • Partial Basement

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Shed
  • Front Porch

Schools

  • Ferrum Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Utilities

  • Heat Pump System
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,035

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan, Masonry Fireplace, Storage
  • Heating System: Baseboard Electric, Heat Pump Electric
  • Fireplace(s): Living Room
  • Type: A
  • Property Subtype 1: Single Family Residence
  • Has Basement: Partial Basement
  • Major Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Range Electric
  • Cooling System: Heat Pump Electric
  • Outside Features: Garden Space, Storage Shed
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 3
  • EntryAboveGrdFin Sq Ft: 1919.00
  • ExteriorDoors: Wood
  • Fireplace Number Fireplaces: 1
  • HalfBathsHalfBathsEntryLvl: 1
  • Internet Access: Cable, DSL
  • InternetAccessCurntInternetProv: Shentel
  • LaundryLaundryLowerLevel: 1
  • Major Area: 04 - Franklin County
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Detached
  • Style Of House: Ranch
  • SubagentAuthorized: No
  • SubdivisionMap: Jimmy O Shively Pr
  • Total Above Grd Fin S Q F T: 1919
  • TotalBdrm: 3
  • TotalBths: 1.10
  • TotalFBaths: 1
  • Total Finished Sq Ft: 1919.00
  • TotalHBaths: 1
  • TotalUnfin Sq Ft: 1212.00
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 1212.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch

Utilities

  • Sewer Description: PrivSept-permit unav
  • Water Description: Private Well
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Cable TV, Satellite Dish

Green Features

  • Energy Features: Wood Stove

Lot Info

  • Lot Description: Varied
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 11.95
  • Lot: 1
  • ZoningCode: NZ

Building Info

  • Year Built: 1965

Tax Info

  • Taxes (6 mo): 1035.00

MLS Schools

  • Elementary School: Ferrum
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2021
Sold by
Meador James B and Meador Shirley J
Bought by
Meador James B and Meador Shirley
Current Estimated Value
$316,932

Purchase Details

Closed on
May 4, 2021
Sold by
Meador James B and Meador Shirley J
Bought by
Meador James B and Meador Shirley J

Purchase Details

Listed on
Nov 14, 2019
Closed on
Mar 26, 2020
Sold by
Shively Kahtern C and Shively Durand L
Bought by
Meador James B and Meador Shirley J
Seller's Agent
Bob Parcell
MOUNTAIN TO LAKE REALTY
Buyer's Agent
Marilyn Perdue
WAINWRIGHT & CO., REALTORS(r)- LAKE
List Price
$186,000
Sold Price
$173,000
Premium/Discount to List
-$13,000
-6.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.68%
Original Mortgage
$169,866
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 4, 2017
Sold by
Bsg Propery Ventures Llc
Bought by
Shively Kathern C and Shively Steve B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Meador James B -- None Listed On Document
Meador James B -- None Listed On Document
Meador James B -- Performance Title & Setmnt
Meador James B $173,000 Performance Title
Shively Kathern C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Meador James B $169,866
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2020 04/01/20 Sold $173,000 -7.0% $90 / Sq Ft
02/03/2020 02/03/20 Pending -- -- --
11/14/2019 11/14/19 For Sale $186,000 -- $97 / Sq Ft
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 $1,117 $259,700 $49,400 $210,300
2024 $1,117 $259,700 $49,400 $210,300
2023 $1,004 $164,600 $42,400 $122,200
2022 $1,004 $164,600 $42,400 $122,200
2021 $1,004 $164,600 $42,400 $122,200
2020 $1,004 $164,600 $42,400 $122,200
2019 $945 $154,900 $42,400 $112,500
2018 $945 $154,900 $42,400 $112,500
2017 $853 $151,700 $42,500 $109,200
2016 $853 $151,700 $42,500 $109,200
2015 -- $151,700 $42,500 $109,200
2014 -- $151,700 $42,500 $109,200
2013 -- $151,700 $42,500 $109,200
Source: Public Records

Agents Affiliated with this Home

  • Bob Parcell

    Seller's Agent in 2020

    Bob Parcell

    MOUNTAIN TO LAKE REALTY

    (540) 483-5566

    4 in this area

    202 Total Sales

    Bob Parcell
    Section Image

  • M

    Buyer's Agent in 2020

    Marilyn Perdue

    WAINWRIGHT & CO., REALTORS(r)- LAKE

    (540) 353-3072

    1 in this area

    33 Total Sales

    Marilyn Perdue
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 864895

Roanoke Valley Association of REALTORS®

APN: 0810001500

Virginia Franklin County Ferrum 24088

2900 Old Ferrum Rd, Ferrum, VA

Not Listed for Sale

Detached

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