4050 W Midland Trail Lexington, VA 24450
Collierstown Neighborhood
5
Beds
1
Bath
2,470
Sq Ft
10
Acres
Highlights
- Horses Allowed On Property
- Colonial Architecture
- Stream or River on Lot
- 10 Acre Lot
- Mountain View
- No HOA
About This Home
As of October 2024Escape to your own classic country homestead! Convenient to Lexington, I-81, Roanoke, this diamond in the rough with good bones is definitely livable and faces gorgeous, scenic farmland with private woods out back. Compare this price to area estates here near the VA Horse Center, grab this deal and decorate it to your own taste! New metal roofing, tilt-in replacement windows, updated heat, cooling, wiring, insulation. Southern exposure, 9-ft ceilings w/fans, hardwood floors, classic mantel pieces & flues for woodstoves. Own a piece of history w/parts of this house dating back to 1760--before the USA was even born! Natural spring water, nut & fruit trees apple, pear, chestnut, black walnut; smokehouse. Great for horses. Two lots of 8 acres and 2 acres, totaling 10. You'll love this one!
Last Agent to Sell the Property
WAINWRIGHT & CO., REALTORS(r)- LAKE License #0225058380 Listed on: 10/09/2021
Last Buyer's Agent
Non Member Transaction Agent
Non-Member Transaction Office
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,320
Year Built
- Built in 1760
Lot Details
- 10 Acre Lot
- Gentle Sloping Lot
- Garden
Parking
- Detached Garage
Home Design
- Colonial Architecture
- American Four Square Architecture
- Brick Exterior Construction
Interior Spaces
- 2,470 Sq Ft Home
- Ceiling Fan
- Fireplace Features Masonry
- Family Room with Fireplace
- Mountain Views
- Crawl Space
- Laundry on main level
Kitchen
- Electric Range
- Built-In Microwave
Bedrooms and Bathrooms
- 5 Bedrooms | 1 Main Level Bedroom
- 1 Full Bathroom
Outdoor Features
- Stream or River on Lot
- Shed
Horse Facilities and Amenities
- Horses Allowed On Property
Utilities
- Heat Pump System
- Spring water is a source of water for the property
- Electric Water Heater
Community Details
- No Home Owners Association
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 18, 2024
Closed on
Sep 9, 2024
Sold by
Gill-Yoerg Family 2006 Revocable Trust and Gill Richard Charles
Bought by
Thompson Larry L and Thompson Terri
Seller's Agent
Rodger Rinehart
J.F. Brown Real Estate Services
Buyer's Agent
Michael Trani
Re/Max All Stars
List Price
$785,000
Sold Price
$740,000
Premium/Discount to List
-$45,000
-5.73%
Views
124
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$203,798
Avg. Annual Appreciation
-18.34%
Original Mortgage
$555,000
Outstanding Balance
$551,403
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$72,794
Similar Homes in Lexington, VA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $740,000 | Colonial Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $555,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/02/2024 10/02/24 | Sold | $740,000 | +0.7% | $300 / Sq Ft |
| 08/07/2024 08/07/24 | Pending | -- | -- | -- |
| 08/03/2024 08/03/24 | Price Changed | $735,000 | -6.4% | $298 / Sq Ft |
| 06/18/2024 06/18/24 | For Sale | $785,000 | +185.5% | $318 / Sq Ft |
| 11/10/2021 11/10/21 | Sold | $275,000 | 0.0% | $111 / Sq Ft |
| 11/10/2021 11/10/21 | Sold | $275,000 | -8.2% | $111 / Sq Ft |
| 11/04/2021 11/04/21 | Pending | -- | -- | -- |
| 11/01/2021 11/01/21 | For Sale | $299,500 | 0.0% | $121 / Sq Ft |
| 10/12/2021 10/12/21 | Pending | -- | -- | -- |
| 10/09/2021 10/09/21 | For Sale | $299,500 | -- | $121 / Sq Ft |
Source: Roanoke Valley Association of REALTORS®
Tax History Compared to Growth
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 | $1,961 | $321,500 | $70,000 | $251,500 |
| 2023 | $1,961 | $321,500 | $70,000 | $251,500 |
| 2022 | $1,259 | $170,100 | $65,000 | $105,100 |
| 2021 | $1,259 | $170,100 | $65,000 | $105,100 |
| 2020 | $0 | $170,100 | $65,000 | $105,100 |
| 2019 | $1,242 | $170,100 | $65,000 | $105,100 |
| 2018 | $1,191 | $170,100 | $65,000 | $105,100 |
| 2017 | $1,191 | $170,100 | $65,000 | $105,100 |
| 2016 | $921 | $125,300 | $60,500 | $64,800 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
| 2013 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
R
Seller's Agent in 2024
Rodger Rinehart
J.F. Brown Real Estate Services
-
S
Seller Co-Listing Agent in 2024
Susan Rinehart
J.F. Brown Real Estate Services
-
M
Buyer's Agent in 2024
Michael Trani
Re/Max All Stars
-
B
Seller's Agent in 2021
Barbara Montrose
WAINWRIGHT & CO., REALTORS(r)- LAKE
-
N
Seller's Agent in 2021
Non Member
-
N
Buyer's Agent in 2021
Non Member Transaction Agent
Non-Member Transaction Office
Map
Source: Roanoke Valley Association of REALTORS®
MLS Number: 884468
APN: 46 A 2
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