NOT LISTED FOR SALE

303 Cedar Ave Unit 305 Vinton, VA 24179

Estimated Value: $290,000 - $407,747

3 Beds
3 Baths
4,028 Sq Ft
$90/Sq Ft Est. Value

Last Sold July 03, 2018

Last sale price $260,000 $65 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,263/month

6 Days on Market

Highlights

  • No HOA
  • William Byrd High School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of July 2018

Great investment opportunity! There is a triplex with 3 rented units and a duplex at 501 3rd St with 2 rented units. Truly unique property with all 5 units currently under lease. Window units are in a few properties.

Last Agent to Sell the Property

Barbara Michelsen

LONG & FOSTER - ROANOKE OFFICE License #0225136508 Listed on: 05/18/2018

LONG & FOSTER - ROANOKE OFFICE

Last Buyer's Agent

Timothy Greenway

MOUNTAIN VIEW REAL ESTATE LLC License #0225230788

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,305

Year Built

  • Built in 1965

Lot Details

  • 0.3 Acre Lot

Parking

  • 9 Parking Spaces

Home Design

  • 4,028 Sq Ft Home
  • Brick Exterior Construction

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • Herman L. Horn Elementary School
  • William Byrd Middle School
  • William Byrd High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 7A / 17

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Electric Expense $209
  • Maintenance Expense $5,845
  • Manager Expense $2,058
  • Other Expense $1,300
  • Water Sewer Expense $331
  • New Taxes Expense $2,405
  • Operating Expense $12,048
  • Gross Income $20,575
  • Net Operating Income $20,575

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,305

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Heating System: Forced Air Electric
  • Type: Multi-Family
  • Has Basement: Walkout - Full
  • Cooling System: Central Cooling, Window A/C
  • ExpensesManagementExp: 2058.00
  • ExpensesOtherExp: 1300.00
  • ExpensesTaxExp: 2405.00
  • Major Area: 02 - Roanoke County
  • MiscellaneousInfoPublicTransport: Yes
  • NumberVehicleSpaces: 9.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2018-05-24
  • SubdivisionMap: Central Vinton Wes
  • TotalAnnualExpen: 12048.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Expenses Water Exp: 331.00
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Current Lease, Maint-Free Exterior

Schools

  • Elementary School: Herman L. Horn
  • Middle School: William Byrd
  • High School: William Byrd

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.30
  • Lot: 7A

Building Info

  • Year Built: 1965

Tax Info

  • Taxes (6 mo): 2305.00
  • FILLTAXID: 060.15-04-25.00-0000

Multi Family

  • Lease Type: One Year
  • Tenant Pays: All Utilities
  • Units In Building: 5.00
  • Multi Family Type: Other - See Remarks

MLS Schools

  • Elementary School: Herman L. Horn
  • HighSchool: William Byrd
  • Middle School: William Byrd

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2018
Closed on
Jun 20, 2018
Sold by
Fitzgerald Susan Fuller and Fitzgerald Paulus Duaine
Bought by
Tnt Rental Properties Llc
Seller's Agent
Barbara Michelsen
LONG & FOSTER - ROANOKE OFFICE
Buyer's Agent
Timothy Greenway
MOUNTAIN VIEW REAL ESTATE LLC
List Price
$289,000
Sold Price
$260,000
Premium/Discount to List
-$29,000
-10.03%
Current Estimated Value
$362,937

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,937
Avg. Annual Appreciation
3.89%
Original Mortgage
$170,500
Outstanding Balance
$150,796
Interest Rate
4.6%
Mortgage Type
Credit Line Revolving
Estimated Equity
$188,431
Source: Public Records

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Range of Values:

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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
Tnt Rental Properties Llc $260,000 Acquisition Title & Settleme
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tnt Rental Properties Llc $170,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2018 07/03/18 Sold $260,000 -10.0% $65 / Sq Ft
05/24/2018 05/24/18 Pending -- -- --
05/18/2018 05/18/18 For Sale $289,000 -- $72 / Sq Ft
Source: Roanoke Valley 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
2024 $2,897 $278,600 $46,300 $232,300
2023 $2,933 $276,700 $46,300 $230,400
2022 $2,792 $256,100 $40,000 $216,100
2021 $2,626 $240,900 $35,000 $205,900
2020 $2,488 $228,300 $30,000 $198,300
2019 $2,412 $221,300 $27,500 $193,800
2018 $2,360 $211,500 $27,500 $184,000
2017 $2,360 $216,500 $27,500 $189,000
2016 $2,402 $220,400 $27,500 $192,900
2015 $2,401 $220,300 $27,500 $192,800
2014 $2,422 $222,200 $27,500 $194,700
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Barbara Michelsen

    LONG & FOSTER - ROANOKE OFFICE

    (540) 797-5447

    36 Total Sales

    Barbara Michelsen
    Section Image
  • Timothy Greenway

    Buyer's Agent in 2018

    Timothy Greenway

    MOUNTAIN VIEW REAL ESTATE LLC

    (540) 815-4161

    156 Total Sales

    Timothy Greenway
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 848647

Roanoke Valley Association of REALTORS®

APN: 060.15-04-25

Virginia Roanoke County Vinton 24179

303 Cedar Ave Unit 305, Vinton, VA

This home is located at 303 Cedar Ave Unit 305, Vinton, VA 24179 since 18 May 2018 and is currently estimated at $362,937, approximately $90 per square foot. This property was built in 1965. 303 Cedar Ave Unit 305 is a home located in Roanoke County with nearby schools including Herman L. Horn Elementary School, William Byrd Middle School, and William Byrd High School.

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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