NOT LISTED FOR SALE

40 South St Bristol, VA 24201

Estimated Value: $116,002 - $214,000

3 Beds
1 Bath
1,040 Sq Ft
$144/Sq Ft Est. Value

Last Sold December 21, 2018

Last sale price $10,500 $10 Per Sq Ft

Est. 1,326% increase in value since last sale

Current estimated payment $869/month

76 Days on Market

Highlights

  • 1-Story Property
  • Level Lot
  • 3-minute walk to Anderson Park
  • Baseboard Heating

About This Home

As of December 2018

This is a reverse mortgage property and governed by HUD Guidelines for offers, list price reductions and repairs. Property is sold in as-is condition and no repairs or concessions will be approved. A licensed real estate agent who is purchasing will not receive a commission. . Buyer will be responsible for determining all pertinent information such as sq. footage, sewer/water source, school districts, etc. Listing agent will not be held responsible for determining such information and all information taken from tax records and needs to be verified by buyer for accuracy. All offers must have pre-approval letter or proof of funds and copy of earnest money in order to be considered. All information subject to errors and omissions.

Last Agent to Sell the Property

Ashley Foran

Southeastern Properties License #0225086504 Listed on: 08/30/2018

Co-Listed By

Audra Alexander

Southeastern Properties License #0225085963

Last Buyer's Agent

Audra Alexander

Southeastern Properties License #0225085963

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $898

Year Built

  • Built in 1941

Lot Details

  • Level Lot
  • Property is in below average condition

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • Washington Lee Elementary School
  • Virginia Middle School
  • Virginia High School

Utilities

  • No Cooling
  • Baseboard Heating

Listing and Financial Details

  • Foreclosure
  • Assessor Parcel Number 18 310 17

Home Details

Home Type

Single Family

Est. Annual Taxes

$898

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Directions: LEE HWY TO OAKVIEW TO SOUTH ST PROPERTY ON LEFT SEE SIGN
  • Prop. Type: Residential
  • Year Built: 1941
  • Property Sub Type: Single Family Residence
  • Co List Office Mls Id: 144
  • Co List Office Phone: 276-466-2201
  • ResoSpecialListingConditions: In Foreclosure
  • Unit Levels: One
  • New Construction: No
  • Reso Structure Type: House
  • Contract Info Foreclosure: Yes
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Zoning2: Residential
  • General Property Description Elementary School3: Washington Lee Elementary
  • General Property Description Middle School2: Virginia
  • General Property Description High School3: Virginia
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: per deed
  • General Property Description Home Warranty: No
  • TopographyLot Description Level2: Yes
  • General Property Description Parcel ID2: 18 310 17
  • TopographyLot Description Sloped: Yes
  • Property Condition Poor: Yes
  • RoofAsphalt: Yes
  • Levels One: Yes
  • Structure Type:House: Yes
  • Special Features: 1028

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Total Bedrooms: 3
  • General Property Description Baths - Full: 1

Exterior Features

  • Property Condition: Poor
  • Roof: Asphalt
  • Exterior Features: Other, See Remarks
  • Topography: Level, Sloped
  • Home Warranty: No
  • Construction Type: Vinyl Siding, Other, See Remarks
  • Exterior Finish Vinyl Siding: Yes
  • Exterior Features:See Remarks23: Yes

Utilities

  • Heating: Baseboard
  • Sewer: Public Sewer
  • Cooling: None
  • Cooling Y N: No
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes

Schools

  • Elementary School: Washington Lee Elementary
  • High School: Virginia
  • Middle Or Junior School: Virginia

Lot Info

  • Zoning: Residential
  • Lot Dimensions: per deed
  • Parcel #: 18 310 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 2023
Sold by
Shi Guowei
Bought by
Taylor Darrell Olbert
Current Estimated Value
$149,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,750
Outstanding Balance
$97,370
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$52,381

Purchase Details

Listed on
Aug 30, 2018
Closed on
Nov 21, 2018
Sold by
Broad Street Funding Trust I
Bought by
Shi Guowei
Seller's Agent
Ashley Foran
Southeastern Properties
Buyer's Agent
Audra Alexander
Southeastern Properties
List Price
$20,000
Sold Price
$10,500
Premium/Discount to List
-$9,500
-47.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.99%

Purchase Details

Closed on
Jul 17, 2018
Sold by
Terra Abstract Virginia Inc Sub Tr
Bought by
Broad Street Funding Trust I

Purchase Details

Closed on
Oct 10, 2014
Sold by
Delapp Fred D
Bought by
Delapp Mary P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,550
Interest Rate
4.1%
Mortgage Type
Land Contract Argmt. Of Sale
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
Taylor Darrell Olbert $100,000 None Listed On Document
Taylor Darrell Olbert $100,000 None Listed On Document
Shi Guowei $11,500 Attorney
Broad Street Funding Trust I $20,000 None Available
Delapp Mary P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taylor Darrell Olbert $99,750
Closed Taylor Darrell Olbert $99,750
Previous Owner Delapp Mary P $74,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2018 12/21/18 Sold $10,500 -47.5% $10 / Sq Ft
11/15/2018 11/15/18 Pending -- -- --
08/30/2018 08/30/18 For Sale $20,000 -- $19 / Sq Ft
Source: Tennessee/Virginia Regional MLS

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 $898 $96,600 $10,000 $86,600
2024 $340 $30,400 $7,500 $22,900
2023 $356 $30,400 $7,500 $22,900
2022 $340 $30,400 $7,500 $22,900
2021 $340 $30,400 $7,500 $22,900
2020 $198 $16,900 $7,500 $9,400
2019 $198 $16,900 $7,500 $9,400
2018 $99 $16,900 $7,500 $9,400
2016 -- $28,600 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 411996

Tennessee/Virginia Regional MLS

APN: 18-310-17