NOT LISTED FOR SALE

Estimated Value: $196,000 - $263,000

2 Beds
2 Baths
1,218 Sq Ft
$196/Sq Ft Est. Value

Last Sold February 29, 2016

Last sale price $39,000 $32 Per Sq Ft

Est. 514% increase in value since last sale

Current estimated payment $1,493/month

21 Days on Market

Highlights

  • 0.23 Acre Lot
  • Wood Flooring
  • Cottage
  • Open High School Rated A+
  • High Ceiling
  • 5-minute walk to Swansboro Playground

About This Home

As of February 2016

Say what??? Vaulted Ceiling! Skylights! There is so much more to this home than what meets the eye. Though the home appears older on the outside, some modern improvements have been made to the interior. There is wood flooring in the foyer, which also flows into the front bedroom. The front bedroom has a newer window and direct access to the hall bathroom. The family room is visible from the foyer and has quite a bit of personality, with its vaulted ceiling, skylights, and newer windows. The kitchen is adjacent to the family room and has an eat-in area and a breakfast nook. Newer cabinets and flooring are needed in the kitchen, but, with the help of a renovation loan, you can transform this into an amazing kitchen and, perhaps, even add an island. There is another room off of the kitchen that can serve as a dining room or a sitting area for the master bedroom. The master bedroom is spacious and also includes newer windows, a private bathroom, and direct access to the rear yard. Most of the yard is fenced for added privacy and offers more than enough room to toss around the Frisbee or play badminton. HUD homes are sold as-is.

Last Agent to Sell the Property

Scott McClaine

Lifelong Realty Inc License #0225062636 Listed on: 10/30/2015

Last Buyer's Agent

Tracy Ingalls

NextHome Advantage License #0225194873

NextHome Advantage

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $876

Year Built

  • Built in 1930

Lot Details

  • 9,888 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot
  • Zoning described as R-5 Single Family

Parking

  • On-Street Parking

Home Design

  • Cottage
  • Bungalow
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Aluminum Siding
  • Plaster

Interior Spaces

  • 1,218 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Dining Area
  • Crawl Space

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Outdoor Features

  • Shed
  • Front Porch

Schools

  • Swansboro Elementary School
  • Thompson Middle School
  • Richmond High School For The Arts

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Oil

Community Details

  • Burfoot Addition Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number S0001345019

Home Details

Home Type

Single Family

Est. Annual Taxes

$876

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1930
  • Property Attached Yn: No
  • Lot Size Acres: 0.227
  • Ownership: REO
  • Subdivision Name: Burfoot Addition
  • Architectural Style: Bungalow, Cottage, Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Single Family Residence
  • Special Features: 5120
  • Stories: 1

Interior Features

  • Flooring: Carpet, Wood
  • Basement: Crawl Space
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Bedroom on Main Level, Breakfast Area, Dining Area, Eat-in Kitchen, High Ceilings, Bath in Primary Bedroom, Main Level Primary
  • Living Area: 1218.0
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Roof: Composition, Shingle
  • Fencing: Full
  • Lot Features: Level
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Aluminum Siding, Frame, Plaster
  • Exterior Features: Storage, Shed
  • Patio And Porch Features: Front Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: On Street

Utilities

  • Heating: Oil, Radiator(s)
  • Cooling: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Thompson

Lot Info

  • Parcel Number: S0001345019
  • Zoning Description: R-5 Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 876.0

MLS Schools

  • Elementary School: Swansboro
  • High School: Richmond High School for the Arts

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2015
Closed on
Feb 22, 2016
Sold by
The Secretary Of Housing And Urban Devel
Bought by
Trostad Kenneth R
Seller's Agent
Scott McClaine
Lifelong Realty Inc
Buyer's Agent
Tracy Ingalls
NextHome Advantage
List Price
$35,000
Sold Price
$39,000
Premium/Discount to List
$4,000
11.43%
Current Estimated Value
$239,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,315
Avg. Annual Appreciation
21.04%
Original Mortgage
$52,703
Outstanding Balance
$42,196
Interest Rate
3.92%
Mortgage Type
FHA
Estimated Equity
$197,119

Purchase Details

Closed on
Mar 19, 2015
Sold by
Ocwen Loan Servicing Llc
Bought by
Secretary Of The Us Dept Of Hud

Purchase Details

Closed on
Nov 17, 2014
Sold by
Surety Trustess Llc Sub Tr
Bought by
Ocwen Loan Servicing Llc

Purchase Details

Closed on
Jul 11, 2008
Sold by
Minor Marilyn
Bought by
Minor Marilyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,200
Interest Rate
6.47%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Trostad Kenneth R $39,000 None Available
Secretary Of The Us Dept Of Hud -- None Available
Ocwen Loan Servicing Llc $85,270 --
Minor Marilyn -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trostad Kenneth R $52,703
Previous Owner Minor Marilyn $81,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2016 02/29/16 Sold $39,000 +11.4% $32 / Sq Ft
11/20/2015 11/20/15 Pending -- -- --
10/30/2015 10/30/15 For Sale $35,000 -- $29 / Sq Ft
Source: Central Virginia Regional MLS

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 $2,268 $189,000 $75,000 $114,000
2024 $2,160 $180,000 $65,000 $115,000
2023 $2,160 $180,000 $65,000 $115,000
2022 $1,692 $141,000 $50,000 $91,000
2021 $1,032 $87,000 $25,000 $62,000
2020 $1,032 $86,000 $25,000 $61,000
2019 $996 $83,000 $25,000 $58,000
2018 $924 $77,000 $25,000 $52,000
2017 $876 $73,000 $25,000 $48,000
2016 $876 $73,000 $25,000 $48,000
2015 $888 $73,000 $25,000 $48,000
2014 $888 $74,000 $25,000 $49,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1529485

Central Virginia Regional MLS

APN: S000-1345-019