$281,500
SOLD JUN 3, 2025

3301 Penn Forest Blvd Unit & 3303 Cave Spring, VA 24018

Cave Spring Neighborhood
-- Bed
-- Bath
2,118 Sq Ft
0.93 Acres

Recently Sold

$133 Per Sq Ft

18% Below List Price

59 Days on Market

Highlights

  • No HOA
  • Green Valley Elementary School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of June 2025

Duplex located in Roanoke County. 3301 Vacant - Previously Rented for $1,050. 3303 Unit $915. Lease Expires 4/30/2026. Great investment opportunity.

Last Agent to Sell the Property

Courtnee Bishop

MKB, REALTORS(r) License #0225249700 Listed on: 02/24/2025

MKB, REALTORS(r)

Last Buyer's Agent

Non Member Transaction Agent

Non-Member Transaction Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,337

Year Built

  • Built in 1940

Home Design

  • 2,118 Sq Ft Home
  • Duplex
  • Slab Foundation

Schools

  • Green Valley Elementary School
  • Cave Spring Middle School
  • Cave Spring High School

Additional Features

  • 0.93 Acre Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all utilities, gas

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,337

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Heating System: Forced Air Oil
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Central Cooling
  • CondoAssocYN: No
  • Major Area: 02 - Roanoke County
  • NumberLeasedUnits: 1.00
  • NumberUnfurnished: 2.00
  • Hoa2 Or Poa: No
  • Water Class: N/A
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.93

Building Info

  • Year Built: 1940

Tax Info

  • Taxes (6 mo): 2336.88

Multi Family

  • Tenant Pays: All Utilities, Gas
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: Green Valley
  • HighSchool: Cave Spring
  • Middle School: Cave Spring

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2025
Closed on
May 20, 2025
Sold by
Jmm Residential Llp
Bought by
Pennington Properties Llc
Seller's Agent
Courtnee Bishop
MKB, REALTORS(r)
Buyer's Agent
Non Member Transaction Agent
Non-Member Transaction Office
List Price
$345,000
Sold Price
$281,500
Premium/Discount to List
-$63,500
-18.41%
Views
50
Current Estimated Value
$284,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,783
Avg. Annual Appreciation
1.95%
Original Mortgage
$225,200
Outstanding Balance
$224,427
Interest Rate
6.81%
Mortgage Type
Credit Line Revolving
Estimated Equity
$59,856

Purchase Details

Closed on
Oct 24, 2022
Sold by
Galt Properties Llc
Bought by
Jmm Residential Llp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2019
Sold by
Mcghee Matthew R and Mcghee Sara
Bought by
Stonjo Llc
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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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $281,500 Acquisition Title
Gift Deed -- Fidelity National Title
Deed $175,000 Sage Title Group
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $225,200 Credit Line Revolving
Previous Owner $2,500,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2025 06/03/25 Sold $281,500 -16.7% $133 / Sq Ft
04/24/2025 04/24/25 Pending -- -- --
04/11/2025 04/11/25 Price Changed $338,100 -2.0% $160 / Sq Ft
02/24/2025 02/24/25 For Sale $345,000 -- $163 / 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
2025 $2,502 $242,900 $57,800 $185,100
2024 $2,337 $224,700 $57,800 $166,900
2023 $2,116 $199,600 $50,400 $149,200
2022 $1,926 $176,700 $50,400 $126,300
2021 $1,836 $168,400 $45,200 $123,200
2020 $3,818 $350,300 $60,900 $289,400
2019 $3,786 $347,300 $58,000 $289,300
2018 $3,662 $341,500 $58,000 $283,500
2017 $3,662 $336,000 $55,100 $280,900
2016 $3,599 $330,200 $50,800 $279,400
2015 $3,561 $326,700 $50,800 $275,900
2014 $3,492 $320,400 $50,800 $269,600
Source: Public Records

Agents Affiliated with this Home

  • Courtnee Bishop

    Seller's Agent in 2025

    Courtnee Bishop

    MKB, REALTORS(r)

    (540) 613-9312

    3 in this area

    156 Total Sales

    Courtnee Bishop
    Section Image

  • N

    Buyer's Agent in 2025

    Non Member Transaction Agent

    Non-Member Transaction Office

See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 914563

Roanoke Valley Association of REALTORS®

APN: 087.06-05-19

Virginia Roanoke County 24018 Cave Spring

3301 Penn Forest Blvd Unit & 3303, VA

Sold

MultiFamily

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