NOT LISTED FOR SALE

2938 Johnnys Ridge Rd Ferrum, VA 24088

Estimated Value: $185,000 - $203,922

1 Bed
1 Bath
784 Sq Ft
$246/Sq Ft Est. Value

Sale Details

Date Sold: October 14, 2020

Last sale price $125,000 $159 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,069 / mo

67 Days on Market

Highlights

  • Water Access
  • Mountain View
  • No HOA
  • 21.6 Acre Lot
  • Wooded Lot
  • 1-Story Property

About This Home

As of October 2020

Tiny home with lake access on 21.6 secluded acres. This home is approx. 1 mile to a public boat launch at Philpott Lake. Located at the foot of the Blue Ridge Parkway and Philpott Lake and a short scenic drive to the town of Floyd, VA. It is turn key ready. Trails cover the property for ATV's to make hunting effortless. The lake covers 3,000 acres with 100 miles of shoreland. Surrounded by protected area with hunting and fishing outside you door. Minutes from Fairystone National Park. Abundant wildlife, deer, turkey, bear and hummingbirds. Very private and secluded. Beautiful views of the mountains. This would make a great home or weekend getaway. Would also make a great investment property. Must see to appreciate.

Last Agent to Sell the Property

Jeanette Handy

FRONT PORCH REALTY License #0225224516 Listed on: 06/14/2020

Co-Listed By

Julia Keep

FRONT PORCH REALTY License #0225226385

Last Buyer's Agent

Christy Ploch

MARK A DALTON & COMPANY INC License #0225042728

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $400

Year Built

  • Built in 1999

Lot Details

  • 21.6 Acre Lot
  • Wooded Lot

Interior Spaces

  • 784 Sq Ft Home
  • 1-Story Property
  • Mountain Views
  • Crawl Space
  • Gas Range

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Water Access

Schools

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

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Underground Utilities
  • Electric Water Heater
  • Satellite Dish

Community Details

Overview

  • No Home Owners Association

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$400

Year Built

Built in 1999

Lot Details

21.6 Acres

Listing Details

  • Heating System: Gas - Propane
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Crawl Space
  • Major Appliances: Range Gas, Refrigerator
  • Cooling System: Window A/C
  • Views: Mountain
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 1
  • EntryAboveGrdFin Sq Ft: 784.00
  • ExteriorDoors: Metal
  • Major Area: 04 - Franklin County
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Detached
  • Style Of House: 1 Story
  • Total Above Grd Fin S Q F T: 784
  • TotalBdrm: 1
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 784.00
  • Water Acc Only A Location Of Off Site Water Access: Road dead ends at Philpott Lake
  • Water Class: Water Access Only
  • Water Htr Energy: Electric
  • WaterID: River or Other
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: No

Utilities

  • Sewer Description: Private Septic - 2BR
  • Water Description: Private Well
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Satellite Dish, Underground Util

Lot Info

  • Lot Description: Varied, Wooded
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 21.60

Rental Info

  • Tenant: Yes

Building Info

  • Year Built: 1999

Tax Info

  • Taxes (6 mo): 400.00

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2020
Closed on
Oct 14, 2020
Sold by
Carpenter Jeff W and Carpenter Julie M
Bought by
Ledbetter Morris W and Ledbetter Sonya H
Seller's Agent
Jeanette Handy
FRONT PORCH REALTY
Buyer's Agent
Christy Ploch
MARK A DALTON & COMPANY INC
List Price
$125,000
Sold Price
$125,000
Current Estimated Value
$192,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,981
Avg. Annual Appreciation
8.20%
Original Mortgage
$112,500
Outstanding Balance
$99,609
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$93,372

Purchase Details

Listed on
May 31, 2017
Closed on
Aug 23, 2017
Sold by
Mclexander Lane
Bought by
Carpenter Jeff W and Carpenter Julie M
Seller's Agent
Rick Smith
MKB, REALTORS(r) - AT THE LAKE
Buyer's Agent
Non Member Transaction Agent
Non-Member Transaction Office
List Price
$94,900
Sold Price
$90,000
Premium/Discount to List
-$4,900
-5.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.03%
Original Mortgage
$88,369
Interest Rate
5.12%
Mortgage Type
FHA
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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Purchase History

Date Buyer Sale Price Title Company
Ledbetter Morris W $125,000 None Available
Carpenter Jeff W $90,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ledbetter Morris W $112,500
Previous Owner Carpenter Jeff W $88,369
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/14/2020 10/14/20 Sold $125,000 0.0% $159 / Sq Ft
08/20/2020 08/20/20 Pending -- -- --
06/14/2020 06/14/20 For Sale $125,000 +38.9% $159 / Sq Ft
08/25/2017 08/25/17 Sold $90,000 -5.2% $128 / Sq Ft View Prior Sale
07/12/2017 07/12/17 Pending -- -- --
05/31/2017 05/31/17 For Sale $94,900 -- $135 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

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 $537 $124,900 $37,200 $87,700
2024 $537 $124,900 $37,200 $87,700
2023 $407 $66,700 $30,200 $36,500
2022 $407 $66,700 $30,200 $36,500
2021 $515 $84,400 $47,900 $36,500
2020 $515 $84,400 $47,900 $36,500
2019 $420 $68,800 $41,700 $27,100
2018 $420 $68,800 $41,700 $27,100
2017 $378 $69,200 $41,700 $27,500
2016 $378 $69,200 $41,700 $27,500
2015 $374 $69,200 $41,700 $27,500
2014 $374 $69,200 $41,700 $27,500
2013 $374 $69,200 $41,700 $27,500
Source: Public Records

Agents Affiliated with this Home

  • Jeanette Handy

    Seller's Agent in 2020

    Jeanette Handy

    FRONT PORCH REALTY

    (540) 493-4914

    116 Total Sales

    Jeanette Handy
    Section Image
  • Julia Keep

    Seller Co-Listing Agent in 2020

    Julia Keep

    FRONT PORCH REALTY

    (208) 989-8356

    125 Total Sales

    Julia Keep
    Section Image
  • Christy Ploch

    Buyer's Agent in 2020

    Christy Ploch

    MARK A DALTON & COMPANY INC

    (540) 493-3445

    11 Total Sales

    Christy Ploch
    Section Image
  • Rick Smith

    Seller's Agent in 2017

    Rick Smith

    MKB, REALTORS(r) - AT THE LAKE

    (540) 420-4663

    80 Total Sales

    Rick Smith
    Section Image

  • N

    Buyer's Agent in 2017

    Non Member Transaction Agent

    Non-Member Transaction Office

See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 870371

Roanoke Valley Association of REALTORS®

APN: 1150001700

Virginia Franklin County Ferrum 24088

2938 Johnnys Ridge 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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