NOT LISTED FOR SALE

320 Welcome Valley Rd Ferrum, VA 24088

Estimated Value: $158,000 - $193,000

1 Bed
1 Bath
748 Sq Ft
$240/Sq Ft Est. Value

Last Sold December 27, 2024

Last sale price $158,000 $211 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $982/month

12 Days on Market

Highlights

  • Mountain View
  • No HOA
  • 1-Story Property
  • Deck
  • Log Cabin
  • Ceiling Fan

About This Home

As of December 2024

Come and check out this great ''GET AWAY'' cabin. The view of the mountains directly behind the home. Open floor plan, 2 nice sized bedrooms. Convenient to Rocky Mount and 5 miles to Ferrum College.Oversized front deck for family fun and entertaining.Full Basement for future expansion.(SF 748)Fireplace (2 Flues) sold 'as is'.

Last Agent to Sell the Property

Denise Thruston

KELLER WILLIAMS REALTY LYNCHBURG License #0225175195 Listed on: 11/20/2024

KELLER WILLIAMS REALTY LYNCHBURG

Co-Listed By

Andy Thruston

KELLER WILLIAMS REALTY LYNCHBURG License #0225185845

Last Buyer's Agent

Jessie Jones

REAL BROKER LLC - DGA-SALEM License #0225259610

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,001

Year Built

  • Built in 1993

Lot Details

  • 5.11 Acre Lot
  • Cleared Lot
  • Property is zoned NZ

Home Design

  • Log Cabin

Interior Spaces

  • 748 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Fireplace Features Masonry
  • Family Room with Fireplace
  • Mountain Views
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Deck

Schools

  • Ferrum Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Otter Creek Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,001

Year Built

Built in 1993

Lot Details

5.11 Acres

Listing Details

  • Interior Features: Ceiling Fan, Masonry Fireplace
  • Heating System: Heat Pump Electric
  • Fireplace(s): Family Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Full Basement
  • Cooling System: Heat Pump Electric
  • Outside Features: Deck
  • Views: Mountain
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 1
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 748.00
  • Fireplace Number Fireplaces: 1
  • LaundryLaundryOtherLevel: 1
  • Major Area: 04 - Franklin County
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Detached
  • Style Of House: 1 Story
  • Total Above Grd Fin S Q F T: 748
  • TotalBdrm: 1
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 748.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

  • Sewer Description: Private Septic
  • Water Description: Private Well
  • Water Heater Type: Tank

Lot Info

  • Lot Description: Cleared, Views
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 5.11
  • ZoningCode: NZ

Building Info

  • Year Built: 1993

Tax Info

  • Taxes (6 mo): 1001.00

MLS Schools

  • Elementary School: Ferrum
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2024
Closed on
Dec 27, 2024
Sold by
Shelton Leonard R and Shelton Carolyn H
Bought by
Austin Salem M
Seller's Agent
Denise Thruston
KELLER WILLIAMS REALTY LYNCHBURG
Buyer's Agent
Jessie Jones
REAL BROKER LLC - DGA-SALEM
List Price
$169,000
Sold Price
$158,000
Premium/Discount to List
-$11,000
-6.51%
Views
38
Current Estimated Value
$179,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,710
Avg. Annual Appreciation
11.96%
Original Mortgage
$155,138
Outstanding Balance
$153,776
Interest Rate
6.78%
Mortgage Type
FHA
Estimated Equity
$25,934

Purchase Details

Closed on
Nov 17, 2020
Sold by
Shelton Carolyn H
Bought by
Shelton Leonard R and Shelton Carolyn H

Purchase Details

Closed on
Oct 5, 2020
Sold by
Shelton Carolyn H and Revocable Declaration Of Tr En
Bought by
Shelton Carolyn H
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 Buyer Sale Price Title Company
Austin Salem M $158,000 Old Republic National Title
Austin Salem M $158,000 Old Republic National Title
Austin Salem M $158,000 Old Republic National Title
Shelton Leonard R -- None Available
Shelton Carolyn H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Austin Salem M $155,138
Closed Austin Salem M $155,138
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2024 12/27/24 Sold $158,000 -6.5% $211 / Sq Ft
12/02/2024 12/02/24 Pending -- -- --
11/20/2024 11/20/24 For Sale $169,000 -- $226 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

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 $706 $164,100 $30,200 $133,900
2024 $706 $164,100 $30,200 $133,900
2023 $587 $96,200 $23,200 $73,000
2022 $587 $96,200 $23,200 $73,000
2021 $587 $96,200 $23,200 $73,000
2020 $587 $96,200 $23,200 $73,000
2019 $539 $88,400 $23,200 $65,200
2018 $539 $88,400 $23,200 $65,200
2017 $486 $89,300 $23,200 $66,100
2016 $486 $89,300 $23,200 $66,100
2015 $482 $89,300 $23,200 $66,100
2014 $482 $89,300 $23,200 $66,100
2013 $482 $89,300 $23,200 $66,100
Source: Public Records

Agents Affiliated with this Home

  • Denise Thruston

    Seller's Agent in 2024

    Denise Thruston

    KELLER WILLIAMS REALTY LYNCHBURG

    (804) 467-8701

    22 Total Sales

    Denise Thruston
    Section Image

  • A

    Seller Co-Listing Agent in 2024

    Andy Thruston

    KELLER WILLIAMS REALTY LYNCHBURG

    (804) 467-8700

    7 Total Sales

    Andy Thruston
    Section Image

  • J

    Buyer's Agent in 2024

    Jessie Jones

    REAL BROKER LLC - DGA-SALEM

    (540) 404-1519

    22 Total Sales

    Jessie Jones
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 912573

Roanoke Valley Association of REALTORS®

APN: 0990001818

Virginia Franklin County Ferrum 24088

320 Welcome Valley Rd, Ferrum, VA

Not Listed for Sale

Detached

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