NOT LISTED FOR SALE

338 Franklin Ave Vinton, VA 24179

Estimated Value: $311,000 - $366,000

4 Beds
2 Baths
1,700 Sq Ft
$194/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $296,000 $174 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,075/month

71 Days on Market

Highlights

  • Mountain View
  • Cathedral Ceiling
  • Walk-In Closet
  • W.E. Cundiff Elementary School Rated A-
  • No HOA
  • Ceiling Fan

About This Home

As of October 2021

Remarks: INVESTMENT OPPORTUNITY! Beautiful Craftsman style maintenance free side by side ''Duplex'' built in 2017. One level living-each unit is 2bed, 1bath, 850sq ft - tenants pay all utilities (individually metered) including water & sewer. Units are non-smoking, pet free, both on 1yr lease (excellent tenants) expiring end of Feb & May 2022. Each rents for $900 (incl yard maintenance) - could easily capture $950. Interior offers eat-in kit w/all appliances (energy efficient stove, microwave, dishwasher & fridge w/ice maker); Liv room has vaulted ceiling w/fan, transom windows & tons of natural light; master bedroom has coffered ceiling w/fan, double windows & large walk-in closet; counter height vanity & linen closet in bath. Live in 1, rent the other.

Last Agent to Sell the Property

Laurie House

LONG & FOSTER - ROANOKE OFFICE License #0225237279 Listed on: 06/28/2021

LONG & FOSTER - ROANOKE OFFICE

Last Buyer's Agent

Non Member Transaction Agent

Non-Member Transaction Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,996

Year Built

  • Built in 2017

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 85x150

Home Design

  • Duplex
  • Slab Foundation

Interior Spaces

  • Walk-In Closet
  • 1,700 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Mountain Views

Schools

  • W. E. Cundiff Elementary School
  • William Byrd Middle School
  • William Byrd High School

Utilities

  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities, sewer, water
  • Tax Lot 22A

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Operating Expense $2,396
  • Gross Income $21,600
  • Net Operating Income $19,204

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,996

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Interior Features: Cathedral Ceiling, Ceiling Fan, Walk-in-Closet
  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Heat Pump Electric
  • Views: Mountain
  • Internet Access: Cable
  • Major Area: 02 - Roanoke County
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 2.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2021-09-07
  • SubdivisionMap: D018/OldVintonSout
  • TotalAnnualExpen: 2396.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • 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
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Maint-Free Exterior, Underground Util

Schools

  • Elementary School: W. E. Cundiff
  • Middle School: William Byrd
  • High School: William Byrd

Lot Info

  • Lot Dimensions: 85x150
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.28
  • Lot: 22A
  • Present Use: Built-As
  • ZoningCode: R2

Building Info

  • Year Built: 2017

Tax Info

  • Taxes (6 mo): 1996.00
  • FILLTAXID: 060.20-02-38.00-0000

Multi Family

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

MLS Schools

  • Elementary School: W. E. Cundiff
  • HighSchool: William Byrd
  • Middle School: William Byrd

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2024
Sold by
Rich Jennifer M and Carver Jennifer M
Bought by
Randall Ann Rentals Llc
Current Estimated Value
$329,812

Purchase Details

Listed on
Jun 28, 2021
Closed on
Sep 30, 2021
Sold by
Big Lick Holdings Llc
Bought by
Rich Jennifer M
Seller's Agent
Laurie House
LONG & FOSTER - ROANOKE OFFICE
Buyer's Agent
Non Member Transaction Agent
Non-Member Transaction Office
List Price
$299,900
Sold Price
$296,000
Premium/Discount to List
-$3,900
-1.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.00%

Purchase Details

Closed on
Nov 1, 2016
Sold by
Mountain Brook Builders Inc
Bought by
Big Lick Holdings Llc
Source: Public Records

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Range of Values:

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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
Randall Ann Rentals Llc $315,550 Acquisition Title
Rich Jennifer M $296,000 Performance Title & Stlmt
Big Lick Holdings Llc -- First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Big Lick Holdings Llc $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2021 10/01/21 Sold $296,000 -1.3% $174 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
06/28/2021 06/28/21 For Sale $299,900 -- $176 / 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
2024 $2,854 $274,400 $38,000 $236,400
2023 $2,735 $258,000 $35,200 $222,800
2022 $2,371 $217,500 $29,500 $188,000
2021 $1,997 $183,200 $23,000 $160,200
2020 $1,878 $172,300 $20,400 $151,900
2019 $1,838 $168,600 $18,700 $149,900
2018 $1,249 $163,400 $18,700 $144,700
2017 $204 $18,700 $18,700 $0
2016 $87 $8,000 $8,000 $0
2015 -- $8,000 $8,000 $0
2014 $87 $8,000 $8,000 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Laurie House

    LONG & FOSTER - ROANOKE OFFICE

    (540) 989-0863

    56 Total Sales

    Laurie House
    Section Image

  • N

    Buyer's Agent in 2021

    Non Member Transaction Agent

    Non-Member Transaction Office

See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 881380

Roanoke Valley Association of REALTORS®

APN: 060.20-02-38

Virginia Roanoke County Vinton 24179

338 Franklin Ave, Vinton, VA

This home is located at 338 Franklin Ave, Vinton, VA 24179 since 28 June 2021 and is currently estimated at $329,812, approximately $194 per square foot. This property was built in 2017. 338 Franklin Ave is a home located in Roanoke County with nearby schools including W.E. Cundiff Elementary School, William Byrd Middle School, and William Byrd High School.

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.

Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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