NOT LISTED FOR SALE

3118 Cumberland Rd Cumberland, VA 23040

Estimated Value: $142,000 - $308,000

3 Beds
2 Baths
1,500 Sq Ft
$144/Sq Ft Est. Value

Last Sold September 16, 2020

Last sale price $83,000 $55 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $1,250/month

81 Days on Market

Highlights

  • Wood Flooring
  • Workshop
  • Wainscoting
  • Separate Formal Living Room
  • Front Porch
  • Walk-In Closet

About This Home

As of September 2020

Attention INVESTORS and FLIPPERS!!! Welcome to 3118 Cumberland Rd, 3 bedroom and 2 bath brick rancher with a brick large building on the property. Location is everything, being a short 10 miles from everything Farmville has to offer, including Longwood University. Updated central heating and cooling and new water heater. Make your guest bathroom exactly what you want, demo is complete with new plumbing and electric as well as backer board surround. Two bedrooms sit at the front end of the home and master is nestled in the rear of the floor plan. Entertain in your dining room and cute as a button country kitchen. The additional brick building on the property was most recently a floral shop and is ready to be used as a garage, workshop, or another business. This home has great bones and is awaiting for you to put your personal touch and make it your own.

Last Listed By

Daniel Keeton

Keeton & Co Real Estate License #0225201477 Listed on: 03/29/2020

Keeton & Co Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $702

Year Built

  • Built in 1940

Lot Details

  • 0.49 Acre Lot
  • Zoning described as A2

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Metal Roof

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property
  • Wainscoting
  • Ceiling Fan
  • Awning
  • Separate Formal Living Room
  • Dining Area
  • Workshop
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Oven
  • Electric Cooktop
  • Laminate Countertops

Flooring

  • Wood
  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Bathroom Rough-In
  • 2 Full Bathrooms

Parking

  • Driveway
  • Unpaved Parking

Accessible Home Design

  • Accessible Approach with Ramp

Outdoor Features

  • Shed
  • Front Porch

Schools

  • Cumberland Elementary And Middle School
  • Cumberland High School

Utilities

  • Central Air
  • Heating System Uses Propane
  • Heat Pump System
  • Wall Furnace
  • Well
  • Water Heater
  • Septic Tank
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 072-A-30

Home Details

Home Type

Single Family

Est. Annual Taxes

$702

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1940
  • Property Attached Yn: No
  • Lot Size Acres: 0.485
  • Co List Office Mls Id: KNRN01
  • Co List Office Phone: 804-556-1228
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Approximate
  • ResoBuildingAreaSource: Owner
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Laminate, Linoleum, Wood
  • Basement: Crawl Space
  • Appliances: Electric Cooking, Electric Water Heater, Oven
  • Other Equipment: Satellite Dish
  • Accessibility Features: Accessible Approach with Ramp
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Bedroom on Main Level, Bathroom Rough-In, Ceiling Fan(s), Dining Area, Separate/Formal Dining Room, Laminate Counters, Pantry, Cable TV, Walk-In Closet(s), Workshop, Paneling/Wainscoting
  • Living Area: 1500.0
  • Stories: 1
  • ResoLivingAreaSource: Owner

Exterior Features

  • Roof: Metal, Shingle
  • Fencing: None
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Brick, Drywall
  • Exterior Features: Awning(s), Porch, Storage, Shed, Unpaved Driveway
  • Other Structures: Storage
  • Patio And Porch Features: Rear Porch, Front Porch, Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Driveway, Unpaved

Utilities

  • Heating: Electric, Heat Pump, Propane, Wall Furnace
  • Cooling: Central Air
  • Sewer: Septic Tank
  • Water Source: Well
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Cumberland

Lot Info

  • Parcel Number: 072-A-30
  • Zoning Description: A2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 702.0

MLS Schools

  • Elementary School: Cumberland
  • High School: Cumberland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2020
Closed on
Jul 31, 2020
Sold by
Moore Reva A and Moore Joshua G
Bought by
Knight Dennis and Knight Rosalee
Seller's Agent
Daniel Keeton
Keeton & Co Real Estate
Buyer's Agent
Janice Vaughan
KW Metro Center
List Price
$97,950
Sold Price
$83,000
Premium/Discount to List
-$14,950
-15.26%
Total Days on Market
81
Current Estimated Value
$215,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,753
Avg. Annual Appreciation
22.86%
Original Mortgage
$84,909
Interest Rate
2.8%
Mortgage Type
Construction

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
Knight Dennis $83,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Knight Dennis $84,909
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2020 09/16/20 Sold $83,000 -5.6% $55 / Sq Ft
06/18/2020 06/18/20 Pending -- -- --
06/05/2020 06/05/20 Price Changed $87,950 -10.2% $59 / Sq Ft
05/04/2020 05/04/20 For Sale $97,950 +18.0% $65 / Sq Ft
04/15/2020 04/15/20 Off Market $83,000 -- --
03/29/2020 03/29/20 For Sale $97,950 -- $65 / 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 $636 $106,020 $15,710 $90,310
2023 $627 $83,590 $12,110 $71,480
2022 $627 $83,590 $12,110 $71,480
2021 $627 $83,590 $12,110 $71,480
2020 $644 $83,590 $12,110 $71,480
2019 $702 $89,990 $10,480 $79,510
2018 $702 $89,990 $10,480 $79,510
2017 $702 $89,990 $10,480 $79,510
2016 $702 $89,990 $10,480 $79,510
2015 -- $89,990 $10,480 $79,510
2014 -- $89,990 $10,480 $79,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2009763

Central Virginia Regional MLS

APN: 072 A 30