NOT LISTED FOR SALE

2977 Salem Rd Spout Spring, VA 24593

Estimated Value: $168,332

24.02 Acres
$7,008 Price per Acre
1,046,311 Sq Ft Lot

Last Sold October 30, 2024

Last sale price $163,000

Est. 3% increase in value since last sale

Current estimated payment $923/month

7 Days on Market

About This Lot

As of October 2024

If you're looking for privacy and convenience, here's your chance to own a beautiful tract of land to build your dream home. There's already a well and septic system in place. A creek and a stream run across the back portion of the land and there's a natural spring as well creating the perfect setting for a pond. The land is mostly wooded but timber has not yet matured. So many possibilities are available as to the style of home you desire, hunting, recreational use, you name it. Conveniently located near Hwy 460.

Last Agent to Sell the Property

Darnell Martin

Red Door Realty LLC License #0225175679 Listed on: 08/27/2024

Last Buyer's Agent

Alissa Williams

eXp Realty LLC-Lynchburg License #0225258775

eXp Realty LLC-Lynchburg

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $500

Lot Details

  • 24.02 Acre Lot
  • Property is zoned A-1

Schools

  • Appomattox Elementary School
  • Appomattox Midl Middle School
  • Appomattox High School

Utilities

  • Well
  • Septic System

Community Details

  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 86A1A

Property Details

Property Type

Land

Est. Annual Taxes

$500

Lot Details

0

Listing Details

  • BuildingOnProperty: None
  • Directions: 460 E Towards Appomattox, R on Spout Spring RD, R on Salem RD to sign on R
  • Days On Market: No
  • Prop. Type: Land
  • Restrictions: None
  • Garage Yn: No
  • Property Sub-Type: Unimproved Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Disability Access: Rd Frnt State Paved
  • Accessible Transportation: State Maintained Rd
  • Bathrooms Display: 0 (0 0)
  • Broker Approved: Yes
  • Reciprocal Listing: No

Exterior Features

  • Topography: level to rolling

Utilities

  • Utilities: ElectricityAvailable, Overhead Electric, Septic System, Well Exists
  • Utility Electric: Southside Elec CoOp

Schools

  • Elementary School: Appomattox Elem
  • High School: Appomattox High
  • Middle School: Appomattox Midl
  • Junior High Dist: Appomattox

Lot Info

  • Best Use: Dvlp to Residential
  • Current Use: Vacant
  • Zoning: A-1
  • Acres: 24.0200
  • Lot Size Sq Ft: 1046311.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 86A1A
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00

Tax Info

  • Estimated Taxes: 500

Multi Family

  • Existing Lease Type: Net

MLS Schools

  • Primary School: Appomattox

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2024
Closed on
Oct 28, 2024
Sold by
Futratec Llc
Bought by
Yeatts Jacob W
Seller's Agent
Darnell Martin
Red Door Realty LLC
Buyer's Agent
Alissa Williams
eXp Realty LLC-Lynchburg
List Price
$174,000
Sold Price
$163,000
Premium/Discount to List
-$11,000
-6.32%
Views
7
Current Estimated Value
$168,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,332
Avg. Annual Appreciation
2.84%

Purchase Details

Closed on
May 22, 2009
Bought by
Futratec Llc and C
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
Yeatts Jacob W $163,000 --
Futratec Llc $62,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2024 10/30/24 Sold $163,000 -6.3% --
09/03/2024 09/03/24 Pending -- -- --
08/27/2024 08/27/24 For Sale $174,000 -- --
Source: Lynchburg 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 $495 $78,600 $73,600 $5,000
2024 $495 $78,600 $73,600 $5,000
2023 $495 $78,600 $73,600 $5,000
2022 $495 $78,600 $73,600 $5,000
2021 $495 $78,600 $73,600 $5,000
2020 $495 $78,600 $73,600 $5,000
2019 $498 $76,600 $71,600 $5,000
2018 $498 $76,600 $71,600 $5,000
2017 $498 $76,600 $71,600 $5,000
2016 $498 $76,600 $71,600 $5,000
2014 -- $76,600 $71,600 $5,000
2013 -- $76,900 $69,600 $7,300
Source: Public Records

Agents Affiliated with this Home

  • Darnell Martin

    Seller's Agent in 2024

    Darnell Martin

    Red Door Realty LLC

    (434) 609-7200

    56 Total Sales

    Darnell Martin
    Section Image

  • A

    Buyer's Agent in 2024

    Alissa Williams

    eXp Realty LLC-Lynchburg

    (757) 470-2005

    43 Total Sales

    Alissa Williams
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 354295

APN: 86( A) 1A

Virginia Appomattox County Spout Spring 24593

2977 Salem Rd, Spout Spring, VA

Not Listed for Sale

Lots

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