NOT LISTED FOR SALE

370 Possom Island Rd Madison Heights, VA 24572

Estimated Value: $398,000 - $583,000

40.08 Acres
$12,054 Price per Acre
1,745,885 Sq Ft Lot

Last Sold November 17, 2014

Last sale price $100,000 $0 Per Sq Ft

Est. 383% increase in value since last sale

Current estimated payment $2,679/month

24 Days on Market

About This Lot

As of November 2014

Wooded parcel on long unimproved access road in the middle of Madison Heights. There is and old house and barn on the property. While it will take some work, this could be a nice private home site within minutes of the bypass and shopping.

Last Agent to Sell the Property

Joseph Kilgore

Montague Miller And Co.-Amher License #0225039743 Listed on: 10/21/2014

Last Buyer's Agent

Joseph Kilgore

Montague Miller And Co.-Amher License #0225039743 Listed on: 10/21/2014

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,660

Lot Details

  • 40.08 Acre Lot
  • Property is zoned R1

Schools

  • Amelon Elementary School
  • Monelison Midl Middle School
  • Amherst High School

Farming

  • Barn

Listing and Financial Details

  • Assessor Parcel Number 148-A-140

Property Details

Property Type

Land

Est. Annual Taxes

$1,660

Lot Details

0

Listing Details

  • FILLACRES: 40.0800
  • BuildingOnProperty: Barn
  • Directions: There is an unimproved 25' access road off of Possom Island Rd.
  • Lot Measurement: Acres
  • Lot Sq Ft: 1745885.00
  • Days On Market: No
  • Property Subtype1: Unimproved Land
  • Prop. Type: Land
  • Restrictions: None
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 148-A-140
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Disability Access: Rd Frnt State Paved
  • Accessible Transportation: State Maintained Rd
  • Broker Approved: Yes
  • Legal Description: WB 177, Page 164
  • Reciprocal Listing: No

Exterior Features

  • Road Frontage: 25.00
  • Topography: Est 1 Bldg Site

Utilities

  • Utilities: Overhead Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • Elementary School: Amelon Elem
  • High School: Amherst High
  • Middle School: Monelison Midl
  • School District: Amherst

Lot Info

  • Best Use: Dvlp to Residential, Timber
  • Zoning: R1

Tax Info

  • Estimated Taxes: 89

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2024
Sold by
Allen Christopher L and Allen Faith M
Bought by
Crawford Timothy J and Crawford Megan C
Current Estimated Value
$483,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,750
Outstanding Balance
$644,050
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
-$160,920

Purchase Details

Closed on
Dec 12, 2022
Sold by
Allen Christopher L
Bought by
Allen Christopher L and Allen Faith M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
6.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2016
Sold by
Allen Linwood L
Bought by
Allen Christopher L

Purchase Details

Closed on
Jun 3, 2015
Sold by
Allen Linwood L
Bought by
Miles Bryan V
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Crawford Timothy J $685,000 Old Republic Title
Allen Christopher L -- None Listed On Document
Allen Christopher L $235,600 Westcor Land Title
Allen Christopher L -- None Available
Miles Bryan V $22,250 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crawford Timothy J $650,750
Previous Owner Allen Christopher L $410,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2014 11/17/14 Sold $100,000 0.0% $0 / Sq Ft
11/14/2014 11/14/14 Pending -- -- --
10/21/2014 10/21/14 For Sale $100,000 -- $0 / Sq Ft
Source: Lynchburg 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 $1,660 $272,200 $36,600 $235,600
2024 $1,660 $333,300 $97,700 $235,600
2023 $2,033 $333,300 $97,700 $235,600
2022 $2,033 $333,300 $97,700 $235,600
2021 $2,033 $333,300 $97,700 $235,600
2020 $2,033 $333,300 $97,700 $235,600
2019 $2,102 $344,600 $103,700 $240,900
2018 $2,102 $344,600 $103,700 $240,900
2017 $37 $75,200 $75,200 $0
2016 $73 $75,200 $75,200 $0
2015 $90 $100,200 $100,200 $0
2014 $45 $100,200 $100,200 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Joseph Kilgore

    Montague Miller And Co.-Amher

    (434) 941-5922

    1 in this area

    22 Total Sales

    Joseph Kilgore
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 288312

APN: 148-A-140

Virginia Amherst County Madison Heights 24572

370 Possom Island Rd, Madison Heights, VA

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