NOT LISTED FOR SALE

303 Gray Ave Waverly, VA 23890

Estimated Value: $57,000 - $128,000

2 Beds
1 Bath
868 Sq Ft
$113/Sq Ft Est. Value

Last Sold August 24, 2021

Last sale price $55,000 $63 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $543/month

5 Days on Market

Highlights

  • Corner Lot
  • 1 Car Detached Garage
  • Central Air
  • Cottage
  • Front Porch
  • Partially Carpeted

About This Home

As of August 2021

What a great find! This cute home is the perfect deal to buy and rent out or to fix and flip for a nice profit! With 2 bedrooms, 1 bathroom and 868 square feet, this home has had many updates including vinyl siding, vinyl windows, 200 AMP electric panel, water heater, and HVAC! Also enjoy its many features which include a wrap-around porch, detached garage, and huge corner lot. While there have been lots of updates. The home could use interior paint and cosmetic repairs, and being sold “as-is”. For investors, this home will make a great investment property and should cash flow very well while building wealth!

Last Agent to Sell the Property

Mike Hogan

The Hogan Group Real Estate License #0225093823 Listed on: 07/16/2021

The Hogan Group Real Estate

Last Buyer's Agent

Gina Wyatt

First Choice Realty License #0225071586

First Choice Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $349

Year Built

  • Built in 1940

Lot Details

  • 4,251 Sq Ft Lot
  • Corner Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Cottage
  • Bungalow
  • Frame Construction
  • Composition Roof
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 868 Sq Ft Home
  • 1-Story Property
  • Dining Area
  • Crawl Space
  • Stove
  • Washer and Dryer Hookup

Flooring

  • Partially Carpeted
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Front Porch

Schools

  • Ellen W. Chambliss Elementary School
  • Sussex Central Middle School
  • Sussex Central High School

Utilities

  • Central Air
  • Heat Pump System
  • Water Heater

Community Details

  • Ellen W. Chambliss Subdivision

Listing and Financial Details

  • Assessor Parcel Number 28A812-1

Home Details

Home Type

Single Family

Est. Annual Taxes

$349

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1940
  • Property Attached Yn: No
  • Lot Size Acres: 0.0976
  • Ownership: Individuals
  • Subdivision Name: Ellen W. Chambliss
  • Architectural Style: Bungalow, Cottage
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Partially Carpeted, Vinyl
  • Basement: Crawl Space
  • Appliances: Stove, Water Heater
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Bedroom on Main Level, Dining Area, Main Level Primary
  • Living Area: 868.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: None
  • Lot Features: Corner Lot
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block, Drywall, Frame, Plaster, Vinyl Siding
  • Patio And Porch Features: Front Porch
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Sussex Central

Lot Info

  • Parcel Number: 28A812-1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 349.0

MLS Schools

  • Elementary School: Ellen W. Chambliss
  • High School: Sussex Central

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2021
Closed on
Aug 13, 2021
Sold by
Engel Tony and 303 Gray Avenue Trust
Bought by
Babade Llc
Seller's Agent
Mike Hogan
The Hogan Group Real Estate
Buyer's Agent
Gina Wyatt
First Choice Realty
List Price
$49,900
Sold Price
$55,000
Premium/Discount to List
$5,100
10.22%
Current Estimated Value
$97,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,938
Avg. Annual Appreciation
14.60%
Original Mortgage
$41,600
Outstanding Balance
$38,181
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$56,554

Purchase Details

Closed on
Jun 9, 2021
Sold by
Baicy Thomas W and Baicy Thomas W
Bought by
303 Gray Avenue Trust
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
Babade Llc $55,000 None Available
303 Gray Avenue Trust $30,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Babade Llc $15,000
Open Babade Llc $41,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2021 08/24/21 Sold $55,000 +10.2% $63 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $49,900 -- $57 / 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
2024 $286 $54,000 $16,100 $37,900
2023 $259 $54,000 $16,100 $37,900
2022 $259 $54,000 $16,100 $37,900
2021 $349 $60,200 $16,100 $44,100
2020 $349 $60,200 $16,100 $44,100
2019 $349 $60,200 $16,100 $44,100
2018 $349 $60,200 $16,100 $44,100
2017 $351 $60,500 $16,100 $44,400
2016 $327 $60,500 $16,100 $44,400
2015 $327 $60,500 $16,100 $44,400
2014 $327 $60,500 $16,100 $44,400
2013 $327 $60,500 $16,100 $44,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2121945

Central Virginia Regional MLS

APN: 28A8-12-1