$47,000
SOLD MAY 20, 2025

3042 Lara Rd Lancaster, VA 22503

2 Beds
1 Bath
600 Sq Ft
0.94 Acres

Recently Sold

$78 Per Sq Ft

14% Below List Price

48 Days on Market

About This Home

As of May 2025

This property features a level lot with 2 bed 1 bath home with an open carport and an enclosed carport. Home is not available for interior access due to major structural concerns. See attached structural report and WDI.

Last Agent to Sell the Property

Blakely Smith

Hometown Realty License #0225105427 Listed on: 03/14/2025

Hometown Realty

Co-Listed By

Robert Vannucchi

homegenius Real Estate LLC License #0225248378

Last Buyer's Agent

Tammy Lacey

Hometown Realty License #0225194147

Hometown Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $246

Year Built

  • Built in 1966

Lot Details

  • 0.94 Acre Lot
  • Zoning described as R1

Home Design

  • Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 600 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Lancaster Elementary And Middle School
  • Lancaster High School

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Wall Furnace
  • Well
  • Septic Tank

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 7-34A

Home Details

Home Type

Single Family

Est. Annual Taxes

$246

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1966
  • Property Attached Yn: No
  • Lot Size Acres: 0.94
  • Co List Office Mls Id: RBRE01
  • Ownership: REO
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 600.0
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Approximate
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: RealEstateOwned
  • Stories: 1

Interior Features

  • Basement: Other
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 600.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Metal
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame, Vinyl Siding
  • Property Condition: Resale

Utilities

  • Heating: Propane, Wall Furnace
  • Cooling: None
  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling Y N: No
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Lancaster

Lot Info

  • Parcel Number: 7-34A
  • Zoning Description: R1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 246.33

MLS Schools

  • Elementary School: Lancaster
  • High School: Lancaster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2025
Closed on
May 20, 2025
Sold by
Federal Home Loan Mortgage Corp
Bought by
Velicu Irina
Seller's Agent
Blakely Smith
Hometown Realty
Buyer's Agent
Tammy Lacey
Hometown Realty
List Price
$54,900
Sold Price
$47,000
Premium/Discount to List
-$7,900
-14.39%
Views
122
Current Estimated Value
$73,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,594
Avg. Annual Appreciation
103.76%

Purchase Details

Closed on
Sep 4, 2024
Sold by
Ras Trustee Services Llc
Bought by
Federal Home Loan Mortgage Corp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $47,000 Old Republic National Title
Trustee Deed $67,734 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2025 05/20/25 Sold $47,000 -14.4% $78 / Sq Ft
05/01/2025 05/01/25 Pending -- -- --
03/14/2025 03/14/25 For Sale $54,900 -- $92 / 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 $348 $63,300 $12,000 $51,300
2024 $348 $63,300 $12,000 $51,300
2023 $246 $39,100 $12,000 $27,100
2022 $246 $39,100 $12,000 $27,100
2021 $246 $39,100 $12,000 $27,100
2020 $246 $39,100 $12,000 $27,100
2019 $246 $39,100 $12,000 $27,100
2018 $248 $42,000 $15,000 $27,000
2017 $248 $42,000 $15,000 $27,000
2016 -- $42,000 $15,000 $27,000
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Blakely Smith

    Seller's Agent in 2025

    Blakely Smith

    Hometown Realty

    (804) 387-4300

    209 Total Sales

    Blakely Smith
    Section Image

  • R

    Seller Co-Listing Agent in 2025

    Robert Vannucchi

    homegenius Real Estate LLC

    (877) 500-1415

    434 Total Sales

    Robert Vannucchi
    Section Image
  • Tammy Lacey

    Buyer's Agent in 2025

    Tammy Lacey

    Hometown Realty

    (804) 335-1616

    92 Total Sales

    Tammy Lacey
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 2506610

Central Virginia Regional MLS

APN: 7-34A

Virginia Lancaster County Lancaster 22503

3042 Lara Rd, Lancaster, VA

Sold

Detached

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.

Central Virginia Regional MLS All or a portion of th multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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