NOT LISTED FOR SALE

2900 Old Ferrum Rd Ferrum, VA 24088

Ferrum Area

Estimated Value: $320,000 - $336,091

3 Beds
1.5 Baths
1,919 Sq Ft
$170/Sq Ft Est. Value

Sale Details

Date Sold: April 1, 2020

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

Est. 89% increase in value since last sale

Current estimated payment $1,888 / mo

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®- LAKE License #0225113125

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 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

11.95 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2021
Sold by
Meador James B and Meador Shirley J
Bought by
Current Estimated Value
$327,023

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®- 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
10.41%
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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Ferrum, VA

  • Rick Smith Real Estate Agent - MKB, REALTORS® - AT THE LAKE

    Rick Smith

    MKB, REALTORS® - AT THE LAKE

    (540) 590-5755

    76 Total Sales

    2 in Ferrum

    $24K - $169K Price Range

    Rick Smith
     Section Image
  • Christopher Kidd Carter Real Estate Agent - LONG & FOSTER - ROANOKE OFFICE

    Christopher Kidd Carter

    LONG & FOSTER - ROANOKE OFFICE

    (540) 900-1911

    157 Total Sales

    1 in Ferrum

    $350,000 Price

    Christopher Kidd Carter
     Section Image
  • Tony Lowrey Real Estate Agent - LOWREY REALTY LLC

    Tony Lowrey

    LOWREY REALTY LLC

    (434) 215-0459

    46 Total Sales

    1 in Ferrum

    $288,000 Price

    Tony Lowrey
     Section Image
  • Charlene Jones Real Estate Agent - Re/Max Lakefront Realty

    Charlene Jones

    Re/Max Lakefront Realty

    (540) 698-4928

    182 Total Sales

    2 in Ferrum

    $55,000 Price Range

    Charlene Jones
     Section Image
  • Billy Kingery Real Estate Agent - MOUNTAIN TO LAKE REALTY

    Billy Kingery

    MOUNTAIN TO LAKE REALTY

    (540) 590-5830

    374 Total Sales

    6 in Ferrum

    $30K - $390K Price Range

    Billy Kingery
     Section Image
  • Lucinda Scruggs Real Estate Agent - QUALITY REALTY

    Lucinda Scruggs

    QUALITY REALTY

    (540) 401-5951

    124 Total Sales

    2 in Ferrum

    $265K - $275K Price Range

    Lucinda Scruggs
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
Meador James B $173,000 Performance Title
Shively Kathern C -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 Real Estate Agent - MOUNTAIN TO LAKE REALTY

    Seller's Agent in 2020

    Bob Parcell

    MOUNTAIN TO LAKE REALTY

    (540) 483-5566

    181 Total Sales

    Bob Parcell
    Section Image

  • MP

    Buyer's Agent in 2020

    Marilyn Perdue

    WAINWRIGHT & CO., REALTORS®- LAKE

    (540) 353-3072

    26 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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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