NOT LISTED FOR SALE

301 Taylor St NW Unit 3 Abingdon, VA 24210

Estimated Value: $282,000 - $320,000

2 Beds
2 Baths
-- Sq Ft
0.48 Acres

Last Sold November 11, 2019

Last sale price $95,000

Est. 218% increase in value since last sale

Current estimated payment $1,682/month

162 Days on Market

Highlights

  • Deck
  • Bonus Room
  • Lot Has A Rolling Slope
  • E.B. Stanley Middle School Rated A-
  • Cooling Available
  • Carpet

About This Home

As of November 2019

Looking for a first time investment? This property consists of a duplex (one side currently rents for $500 per month, with additional $500 per month income when second unit is rented) with each unit having 2 bedrooms, 1 bath, and a one level unit with 3 bedrooms, 2 baths, a family room & bonus room which could be used as an office. The rented duplex unit has a one year lease in place; the other unit is on a month-to-month leasing arrangement. All utilities are paid by tenants, served by separate meters. Some work is needed on the vacant duplex & the separate unit, but at this price, you can't go wrong. There's also the potential for an additional building site on the property, if you're looking to add to the number of units available. Owner is selling as-is.

Last Agent to Sell the Property

Lori Foster

Highlands Realty, Inc. Abingdon Listed on: 04/30/2019

Last Buyer's Agent

Non Member

Non Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $982

Year Built

  • Built in 1957

Lot Details

  • 0.48 Acre Lot
  • Lot Has A Rolling Slope
  • Cleared Lot
  • Property is in average condition

Parking

  • Gravel Driveway

Home Design

  • Duplex
  • Block Foundation
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Insulated Windows
  • Bonus Room
  • Range

Flooring

  • Carpet
  • Laminate
  • Vinyl

Laundry

  • Dryer
  • Washer

Basement

  • Block Basement Construction
  • Crawl Space

Outdoor Features

  • Deck

Schools

  • Abingdon Elementary School
  • E. B. Stanley Middle School
  • Abingdon High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 011-1-8

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Operating Expense $2,200
  • Gross Income $11,400
  • Net Operating Income $8,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$982

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Directions: I 81N to Exit 17, left onto Cummings St. Left on Valley , Right on Russell Rd., Right onto Wiley St. NW, 1st left onto Wheeler St NW. Wheeler St becomes Taylor and subject is on the left.
  • Prop. Type: Residential Income
  • Year Built: 1957
  • Property Sub Type: Other
  • Architectural Style: Duplex, Ranch
  • Unit Levels: One
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 011-1-8
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.48
  • General Property Description Zoning2: A
  • General Property Description Elementary School3: Abingdon
  • General Property Description Middle School2: E. B. Stanley
  • General Property Description High School3: Abingdon
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: .48 +/- Acres
  • Appliances Refrigerators: Yes
  • Style Ranch: Yes
  • AC Heat Pump3: Yes
  • General Property Description Stories2: 1
  • TopographyLot Description Rolling Slope: Yes
  • TopographyLot Description Sloped: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Carpet: Yes
  • Flooring Laminate: Yes
  • Utilities Cable Available: Yes
  • Foundation Block6: Yes
  • Other Rooms Bonus Room3: Yes
  • TopographyLot Description Cleared: Yes
  • Roof Metal3: Yes
  • Flooring Vinyl: Yes
  • Property Condition Average: Yes
  • Basement Block4: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • General Property Description # Buildings: 2
  • General Property Description Total Units: 2
  • Style Duplex: Yes
  • Levels One: Yes
  • Special Features: None

Interior Features

  • Appliances: Dryer, Range, Refrigerator, Washer
  • Has Basement: Block, Crawl Space
  • Flooring: Vinyl, Carpet, Laminate
  • Interior Amenities: Other, See Remarks
  • Window Features: Insulated Windows
  • Appliances Range: Yes
  • Basement:Crawl Space: Yes
  • Interior Features:Other19: Yes

Exterior Features

  • Property Condition: Average
  • Roof: Metal
  • Lot Features: Sloped, Rolling Slope, Cleared
  • Acres: 0.48
  • Construction Type: Vinyl Siding
  • Foundation Details: Block
  • Patio And Porch Features: Deck
  • Exterior Finish Vinyl Siding: Yes
  • Window Features:Insulated Windows: Yes
  • PorchPatioDeck Deck: Yes

Garage/Parking

  • Parking Features: Gravel, None
  • Attached Garage: No
  • Parking Features:Gravel: Yes

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes

Schools

  • Elementary School: Abingdon
  • High School: Abingdon
  • Middle Or Junior School: E. B. Stanley

Lot Info

  • Zoning: A
  • Lot Dimensions: .48 +/- Acres
  • Lot Size Sq Ft: 20908.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 011-1-8
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 11400.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2019
Closed on
Nov 4, 2019
Sold by
Howard Andre J
Bought by
Madison Apartments Llc
Seller's Agent
Lori Foster
Highlands Realty, Inc. Abingdon
Buyer's Agent
Non Member
Non Member
List Price
$159,900
Sold Price
$95,000
Premium/Discount to List
-$64,900
-40.59%
Current Estimated Value
$301,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,789
Avg. Annual Appreciation
21.52%
Original Mortgage
$115,000
Outstanding Balance
$101,170
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$200,619
Source: Public Records

Range of Values:

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Average Value
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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
Madison Apartments Llc $95,000 Blue Ridge Title & Stlmnt
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Madison Apartments Llc $115,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/11/2019 11/11/19 Sold $95,000 -40.6% --
10/10/2019 10/10/19 Pending -- -- --
04/30/2019 04/30/19 For Sale $159,900 -- --
Source: Tennessee/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 $982 $284,300 $30,000 $254,300
2024 $982 $163,600 $25,000 $138,600
2023 $981 $95,600 $0 $95,600
2022 $981 $95,600 $0 $95,600
2021 $981 $163,500 $25,000 $138,500
2019 $839 $133,100 $25,000 $108,100
2018 $839 $133,100 $25,000 $108,100
2017 $839 $133,100 $25,000 $108,100
2016 $190 $125,300 $25,000 $100,300
2015 $190 $125,300 $25,000 $100,300
2014 $190 $125,300 $25,000 $100,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 421022

Tennessee/Virginia Regional MLS

APN: 011-1-8