NOT LISTED FOR SALE

302 Spring Farm Rd Lexington, VA 24450

Collierstown Neighborhood

Estimated Value: $473,000 - $537,000

3 Beds
2 Baths
2,207 Sq Ft
$222/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $389,000 $176 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $3,106/month

About This Home

As of August 2022

Superbly located in the Spring Farm Farmettes neighborhood, off of Jacktown Road just west of Lexington, this property provides over 16 acres of wooded and open land with wonderful mountain views, privacy, and a comfortable contemporary home built in 1988. Home has several recent system updates, with 2200+ finished square feet across two levels. Many large windows and glass doors connect the indoors with the outdoors. The first floor offers 1-level living with a vaulted Great Room featuring a cast iron woodstove; an adjoining Dining Room and Kitchen; laundry room; 2 bedrooms; and a full bathroom. A well-lit, walkout lower level includes a Family Room; a 3rd bedroom and 2nd bath; abundant storage; and a workshop. Plus: convenient attached 2-car garage, 2 storage sheds, parking areas.

Last Agent to Sell the Property

LESLIE GILES

Lexington Real Estate Connection Listed on: 08/26/2022

Last Buyer's Agent

Karen Little

Rockbridge Appraisal

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,348

Year Built

1988

Lot Details

0

Listing Details

  • ConservationEsmnt: No
  • Heating Cooling Other: mini-split in bsmt
  • Directions: from downtown Lexington: travel west on W Nelson/ W Midland Trail (US 60); left on Jacktown Rd (SR 641); to right on Cornstalk Ln; then an immediate right on Spring Farm Rd; 3rd driveway on the right
  • HeatTank: Above Ground
  • HistoricProperty: No
  • InternetServicesAvailable: DSL, Fiber Optic
  • Listing Member Name: Leslie A Giles
  • Listing Office Short Id: 80
  • Open House Office I D: 20061211170241366991000000
  • Hoa2 Or Poa: No
  • Prop. Type: Residential/Farm
  • Selling Member Short Id: kjlp
  • Selling Office Short Id: 80
  • Subdivision Name: Spring Farm Farmettes
  • Subdivision Yn: Yes
  • TotalFinSFApx: 2207.00
  • Year Built: 1988
  • Taxes Dollars: 2207.00
  • TotalAcresApx: 16.78
  • 1StFloorMstrBdrm: Yes
  • PorchDeckPatioDeck: Rear
  • PorchDeckPatioPorch: Rear
  • Building Style: Contemporary
  • Type of Construction: Stick Built
  • YardSign: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Area Remarks: off Jacktown Road
  • Has Basement: Full, Interior Access, Partially Finished, Slab, Walkout
  • Full Bathrooms: 2.00
  • Updated Floor: Laminate, Tile
  • Heat Other: 2 tanks
  • Appliances: Air Cleaner, As Is, Dishwasher, Dryer, Dryer Hookup, Electric Range, Garage Door Opener, Microwave, Refrigerator, Washer, Washer Hookup, Wood Stove
  • Has Attic: Scuttle
  • Lower Floor 1 Bedrooms: 3
  • Fireplace: Wood Stove
  • Fireplace Location: Great Room
  • Interior Amenities: Cathedral Ceiling, Ceiling Fan, Skylight, Storage, Walk-in Closet, Workshop
  • Lower Floor 1 Bedrooms: 8

Exterior Features

  • Exterior: Wood
  • Exterior Features: Ceiling Fan(s), Common Area, Deck-Front, Deck-Rear, Horses Permitted, Porch-Open, Porch-Rear, Shed, Smoke Detector, Thermopane Windows, View - Mountains, View - Valley, Wood Stove, Workshop
  • Road Frontage: Gravel Road, Joint Maint
  • Roof: Shingle
  • Street: Spring Farm
  • Tax Rate: $0.74/$100
  • Flood Zone: SW
  • Out Buildings: Equipment Shed
  • Topography: Mixed, Open, Secluded, Views, Woods
  • Exterior Features: Covered Porch, Deck, Garden Space, Storage Shed

Garage/Parking

  • Garage Spaces: Attached, Double, Opener

Utilities

  • Cooling: Central Cooling, Zoned Cooling
  • Heating: Forced Air, Liquid Propane, Wood Stove
  • Sewer: Existing Septic
  • Utilities Available: Electric, Underground
  • Water: Well
  • Water Heater: Electric

Schools

  • Elementary School: Central
  • Middle School: Maury River
  • High School: Rockbridge Co
  • Elementary School: Central
  • High School: Rockbridge Co
  • Middle School: Maury River

Lot Info

  • Future Land Use: No
  • Zoning: Agricultural
  • Outbuildings Other: wood shed
  • Best Use: Residential
  • Current Use: Residential

Green Features

  • Energy Features: Passive Solar Heat, Wood Stove

Tax Info

  • Tax Map Number: 59-3-22
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2022
Closed on
Jul 28, 2022
Sold by
Waltner Audrey M
Bought by
Velz David R and Velz Leslie M
Seller's Agent
LESLIE GILES
Lexington Real Estate Connection
Buyer's Agent
Karen Little
Rockbridge Appraisal
List Price
$389,000
Sold Price
$389,000
Current Estimated Value
$526,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,901
Avg. Annual Appreciation
10.91%
Original Mortgage
$239,000
Outstanding Balance
$207,745
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$320,206

Purchase Details

Closed on
Apr 8, 2019
Sold by
Dupuy David L
Bought by
Waltner Audrey M
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
Velz David R $389,000 New Title Company Name
Waltner Audrey M $300,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velz David R $239,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2022 08/26/22 Sold $389,000 0.0% $176 / Sq Ft
08/26/2022 08/26/22 Pending -- -- --
08/26/2022 08/26/22 For Sale $389,000 -- $176 / Sq Ft
Source: Rockbridge Highlands 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
2024 $2,348 $384,900 $126,000 $258,900
2023 $2,348 $384,900 $126,000 $258,900
2022 $2,207 $298,200 $113,100 $185,100
2021 $2,207 $298,200 $113,100 $185,100
2020 $2,207 $298,200 $113,100 $185,100
2019 $2,177 $298,200 $113,100 $185,100
2018 $2,087 $298,200 $113,100 $185,100
2017 $2,087 $298,200 $113,100 $185,100
2016 $2,159 $293,800 $131,000 $162,800
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    LESLIE GILES

    Lexington Real Estate Connection

    (540) 460-2201

    7 in this area

    85 Total Sales

    Section Image

  • K

    Buyer's Agent in 2022

    Karen Little

    Rockbridge Appraisal

See All Agents

Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 137185

APN: 59-3-22

Virginia Rockbridge County Lexington 24450 Collierstown

302 Spring Farm Rd, Lexington, VA

This home is located at 302 Spring Farm Rd, Lexington, VA 24450 since 26 August 2022 and is currently estimated at $490,889, approximately $222 per square foot. This property was built in 1988. 302 Spring Farm Rd is a home located in Rockbridge County with nearby schools including Rockbridge County High School.

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