NOT LISTED FOR SALE

40 Alder Ln Rocky Mount, VA 24151

Estimated Value: $321,122 - $377,000

3 Beds
2 Baths
1,510 Sq Ft
$232/Sq Ft Est. Value

Sale Details

Date Sold: April 9, 2021

Last sale price $204,950 $136 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $1,989 / mo

280 Days on Market

Highlights

  • 2 Car Attached Garage
  • Patio
  • Patio Home
  • Walk-In Closet
  • Under Construction

About This Home

As of April 2021

NEW CONSTRUCTION. Please find information below and pictures attached for our Legacy style home which is 1510 square feet above grade with plaster walls. This house plan incorporates luxury vinyl plank in the foyer, luxury vinyl tile in the Kitchen and Master bath, linoleum in the kitchen baths and laundry, and carpet throughout remaining areas. Fairfield cabinets by Timberlake in the kitchen and the bathrooms makes the home even more beautiful. The kitchen counter tops are luxurious granite. The exterior finish consists of siding and architectural shingles. i.The Oaks is conveniently located within walking distance of Lynch Memorial Park and Boat Ramp and has communal access on the Pigg River..

Last Agent to Sell the Property

Robert Fralin

R FRALIN & ASSOCIATES INC License #0225061644 Listed on: 05/28/2020

Last Buyer's Agent

Billy Kingery

MOUNTAIN TO LAKE REALTY License #0225171683

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,281

Year Built

  • Built in 2021 | Under Construction

Lot Details

  • 6,970

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • 1,510 Sq Ft Home
  • Patio Home
  • Slab Foundation
  • Stucco

Kitchen

  • Electric Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Schools

  • Lee M. Waid Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Laundry on main level
  • Patio
  • 6,970 Sq Ft Lot

Community Details

  • Murray Realty, Inc Association
  • The Oaks At Rakes Tavern Subdivision

Listing and Financial Details

  • Tax Lot 41

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,281

Year Built

Built in 2021 | Under Construction

Lot Details

6,970 Sq Ft Lot

HOA Fees

$8 per month

Listing Details

  • Interior Features: Walk-in-Closet
  • Heating System: Heat Pump Electric
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Slab
  • Major Appliances: Dishwasher, Disposer, Microwave Oven (Built In), Range Electric
  • Cooling System: Heat Pump Electric
  • Outside Features: Patio, Paved Driveway
  • BedroomsBREntryLevel: 3
  • EntryAboveGrdFin Sq Ft: 1510.00
  • LaundryLaundryEntryLevel: 1
  • Major Area: 04 - Franklin County
  • NumberPrimCovSpaces: 2.00
  • Phone Email: 540-366-7771
  • P O A Condo Contact Name: Murray Realty, Inc
  • POACondoDues: 97.00
  • POACondoTermsAM: Annual
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: Patio
  • SubdivisionMap: Rakes Tavern
  • Total Above Grd Fin S Q F T: 1510
  • TotalBdrm: 3
  • TotalBths: 2.00
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1510.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: No

Utilities

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

Lot Info

  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.16
  • Lot: 41

Building Info

  • Year Built: 2021

Tax Info

  • Taxes (6 mo): 1280.70

MLS Schools

  • Elementary School: Lee M. Waid
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2025
Sold by
Hudson John Bradley and Hudson Melissa Hughes
Bought by
Bajestani Aaron Masoud and Bajestani Jessica
Current Estimated Value
$350,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,500
Outstanding Balance
$233,301
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$116,980

Purchase Details

Listed on
May 28, 2020
Closed on
Apr 7, 2021
Sold by
R Fralin Construction Inc
Bought by
Hudson John Bradley and Hudson Melissa Hughes
Seller's Agent
Robert Fralin
R FRALIN & ASSOCIATES INC
Buyer's Agent
Billy Kingery
MOUNTAIN TO LAKE REALTY
List Price
$204,950
Sold Price
$204,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.27%
Original Mortgage
$163,960
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2020
Sold by
Bishop Townhomes Inc
Bought by
R Fralin Construction Inc

Purchase Details

Closed on
Aug 18, 2018
Sold by
Rakes Tavern Lp
Bought by
Bishop Townhomes Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bajestani Aaron Masoud $333,500 First Choice Title & Settlemen
Bajestani Aaron Masoud $333,500 First Choice Title & Settlemen
Hudson John Bradley $204,950 Virginia Title Center
R Fralin Construction Inc $114,000 Acquesition Ttl & Settltment
Bishop Townhomes Inc $120,000 Acquisition Title & Settleme
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bajestani Aaron Masoud $233,500
Closed Bajestani Aaron Masoud $233,500
Previous Owner Hudson John Bradley $163,960
Closed Bishop Townhomes Inc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2021 04/09/21 Sold $204,950 0.0% $136 / Sq Ft
03/04/2021 03/04/21 Pending -- -- --
05/28/2020 05/28/20 For Sale $204,950 -- $136 / 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 $1,330 $309,300 $38,000 $271,300
2024 $1,330 $309,300 $38,000 $271,300
2023 $1,084 $177,700 $35,000 $142,700
2022 $1,084 $177,700 $35,000 $142,700
2021 $557 $177,700 $35,000 $142,700
2020 $55 $9,000 $9,000 $0
2019 $183 $30,000 $30,000 $0
2018 $183 $30,000 $30,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 869817

Roanoke Valley Association of REALTORS®

APN: 2100304100

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