NOT LISTED FOR SALE

40 Cedar Ave Rocky Mount, VA 24151

Estimated Value: $179,000 - $218,630

3 Beds
1 Bath
1,800 Sq Ft
$109/Sq Ft Est. Value

Last Sold February 23, 2021

Last sale price $120,000 $67 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $1,077/month

1 Day on Market

Highlights

  • Deck
  • No HOA
  • Detached Carport Space
  • Ranch Style House
  • Shed
  • Forced Air Heating and Cooling System

About This Home

As of February 2021

Why rent when you can buy your own brick home with finished basement area? The home has Fresh Paint, New Architectural Shingles, Gutters, Kitchen and Bath Flooring, Hardwood Flooring in the living room and main level bedrooms. There is plenty of room for the lounging on the rear deck also.

Last Agent to Sell the Property

Rick Smith

MKB, REALTORS(r) - AT THE LAKE License #0225068599 Listed on: 02/04/2021

MKB, REALTORS(r) - AT THE LAKE

Last Buyer's Agent

Rick Smith

MKB, REALTORS(r) - AT THE LAKE License #0225068599 Listed on: 02/04/2021

MKB, REALTORS(r) - AT THE LAKE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $630

Year Built

  • Built in 1962

Lot Details

  • 0.25 Acre Lot
  • Gentle Sloping Lot

Parking

  • Detached Carport Space

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Shed

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Blue Hill Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$630

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Heating System: Forced Air Oil
  • Type: A
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Cooling System: Central Cooling
  • Outside Features: Deck, Storage Shed
  • BedroomsBREntryLevel: 2
  • EntryAboveGrdFin Sq Ft: 900.00
  • Internet Access: Cable
  • LaundryLaundryEntryLevel: 1
  • LaundryLaundryLowerLevel: 1
  • LowerBelowGrdFin Sq Ft: 700.00
  • Major Area: 04 - Franklin County
  • OtherBelowGrdFin Sq Ft: 200.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Carport Detached
  • Residential Type: Detached
  • Style Of House: Ranch
  • SubagentAuthorized: No
  • Total Above Grd Fin S Q F T: 900
  • TotalBdrm: 3
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 1800.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

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

Association/Amenities

  • Misc Features: Cable TV, Maint-Free Exterior, Paved Road

Lot Info

  • Lot Description: Gentle Slope
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.25

Building Info

  • Year Built: 1962

Tax Info

  • Taxes (6 mo): 630.00

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
Sep 10, 2021
Sold by
Alderman Kelly R and Alderman Nancy L
Bought by
Alderman Alex K
Current Estimated Value
$196,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,464
Outstanding Balance
$124,535
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$72,373

Purchase Details

Listed on
Feb 4, 2021
Closed on
Feb 22, 2021
Sold by
Craghead Stephen Scott and Craghead Kimberly P
Bought by
Alderman Kelly R and Alderman Nancy L
Seller's Agent
Rick Smith
MKB, REALTORS(r) - AT THE LAKE
Buyer's Agent
Rick Smith
MKB, REALTORS(r) - AT THE LAKE
List Price
$129,000
Sold Price
$120,000
Premium/Discount to List
-$9,000
-6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.64%
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 Buyer Sale Price Title Company
Alderman Alex K $140,000 Court Street Title
Alderman Kelly R $120,000 Court Street Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alderman Alex K $137,464
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2021 02/23/21 Sold $120,000 -7.0% $67 / Sq Ft
02/05/2021 02/05/21 Pending -- -- --
02/04/2021 02/04/21 For Sale $129,000 -- $72 / 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 $689 $160,300 $30,000 $130,300
2024 $689 $160,300 $30,000 $130,300
2023 $617 $101,100 $27,000 $74,100
2022 $617 $101,100 $27,000 $74,100
2021 $617 $101,100 $27,000 $74,100
2020 $617 $101,100 $27,000 $74,100
2019 $566 $92,800 $26,000 $66,800
2018 $566 $92,800 $26,000 $66,800
2017 $510 $94,100 $26,000 $68,100
2016 $510 $94,100 $26,000 $68,100
2015 $508 $94,100 $26,000 $68,100
2014 $508 $94,100 $26,000 $68,100
2013 $508 $94,100 $26,000 $68,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 876803

Roanoke Valley Association of REALTORS®

APN: 2070046200