NOT LISTED FOR SALE

355 E Fudge St Covington, VA 24426

Estimated Value: $114,000 - $132,000

4 Beds
2 Baths
1,868 Sq Ft
$66/Sq Ft Est. Value

Last Sold June 04, 2021

Last sale price $85,000 $46 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $704/month

8 Days on Market

Highlights

  • City View
  • Storage
  • High Speed Internet
  • No HOA
  • Ceiling Fan

About This Home

As of June 2021

Investment opportunity with this proven income producer! The 3 units are comprised of one large entry level apartment with multiple rooms, 1 bath, furnished kitchen, and partial basement with washer and dryer hook ups, The second unit is comprised of a living room, kitchen, bedroom and 1 bath. The rear unit includes 2 bedrooms, 1 bath, living room, dining room, and galley kitchen. Includes partial basement area with washer and dryer. Hardwood floors, gas heating, new roofs, covered front porch, multiple off street parking options.

Last Agent to Sell the Property

Garland Humphries, Jr

HIGHLANDS REALTY & ASSOCIATES LLC License #0225051318 Listed on: 03/23/2021

Last Buyer's Agent

Josh Dix

RE/MAX ALL STARS License #0225212870

RE/MAX ALL STARS

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $496

Year Built

  • Built in 1935

Lot Details

  • 7,841

Parking

  • 6 Parking Spaces

Home Design

  • Stucco

Interior Spaces

  • 1,868 Sq Ft Home
  • Ceiling Fan
  • Drapes & Rods
  • Storage
  • City Views
  • Partial Basement

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities, - see remarks
  • Legal Lot and Block 2 part of lot 1 / 8

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 2 Leased Units
  • Operating Expense $2,511
  • Gross Income $21,600
  • Net Operating Income $19,089

Property Details

Home Type

Apartment

Est. Annual Taxes

$496

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Interior Features: All Drapes, Ceiling Fan, Storage
  • Heating System: Gas - Natural, Other - See Remarks
  • Type: Multi-Family
  • Has Basement: Partial Basement
  • Cooling System: No Cooling System
  • Views: City
  • Internet Access: Cable, DSL
  • Major Area: 26 - City of Covington
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 3.00
  • NumberVehicleSpaces: 6.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2021-03-31
  • TotalAnnualExpen: 2511.00
  • Water Class: N/A
  • Water Heater Energy: Other, see Remarks
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water
  • Water Heater Type: Tank

Schools

  • Elementary School: Other - See Remarks
  • Middle School: Other - See Remarks
  • High School: Other - See Remarks

Lot Info

  • Lot Dimensions: 37.5 x 140 +/-
  • Property Group Id: 19990816212116581394000000
  • Lot: 2 part of lot 1
  • Present Use: Converted

Building Info

  • Year Built: 1935

Tax Info

  • Taxes (6 mo): 495.62
  • FILLTAXID: 15--14-8---2- & 14---2-8---1A

Multi Family

  • Lease Type: One Year
  • Tenant Pays: All Utilities, Other - See Remarks
  • Units In Building: 3.00
  • Multi Family Type: Apartments

MLS Schools

  • Elementary School: Other - See Remarks
  • HighSchool: Other - See Remarks
  • Middle School: Other - See Remarks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2021
Closed on
Jun 4, 2021
Sold by
Williams Andrew C
Bought by
Sink John R and Sink Cristen E
Seller's Agent
Garland Humphries, Jr
HIGHLANDS REALTY & ASSOCIATES LLC
Buyer's Agent
Josh Dix
RE/MAX ALL STARS
List Price
$99,000
Sold Price
$85,000
Premium/Discount to List
-$14,000
-14.14%
Current Estimated Value
$123,218

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,218
Avg. Annual Appreciation
8.89%

Purchase Details

Closed on
Mar 22, 2018
Sold by
Humphries Garland R
Bought by
Williams Andrew C

Purchase Details

Closed on
Feb 29, 2008
Sold by
Lacks Robert W and Lacks June A
Bought by
Garland Humphries R
Source: Public Records

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
Sink John R $85,000 --
Williams Andrew C $50,000 --
Garland Humphries R $56,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/04/2021 06/04/21 Sold $85,000 -14.1% $46 / Sq Ft
03/31/2021 03/31/21 Pending -- -- --
03/23/2021 03/23/21 For Sale $99,000 -- $53 / 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 $608 $71,500 $10,000 $61,500
2023 $608 $71,500 $10,000 $61,500
2022 $484 $56,900 $10,000 $46,900
2021 $455 $56,900 $10,000 $46,900
2020 $455 $56,900 $10,000 $46,900
2019 $455 $56,900 $10,000 $46,900
2018 $474 $0 $0 $0
2017 $450 $0 $0 $0
2016 -- $59,200 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2021

    Garland Humphries, Jr

    HIGHLANDS REALTY & ASSOCIATES LLC

    (540) 969-6904

    34 in this area

    122 Total Sales

    Garland Humphries, Jr
    Section Image
  • Josh Dix

    Buyer's Agent in 2021

    Josh Dix

    RE/MAX

    (540) 556-5649

    1 in this area

    333 Total Sales

    Josh Dix
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 878016

Roanoke Valley Association of REALTORS®

APN: 015-14-0008-00002

Virginia Covington City County Covington 24426

355 E Fudge St, Covington, VA

This home is located at 355 E Fudge St, Covington, VA 24426 since 23 March 2021 and is currently estimated at $123,218, approximately $65 per square foot. This property was built in 1935. 355 E Fudge St is a home located in Covington City with nearby schools including Jeter-Watson Elementary School, Edgemont Primary School, and Covington 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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