$275,000
SOLD NOV 10, 2021

4050 W Midland Trail Lexington, VA 24450

Collierstown Neighborhood
5 Beds
1 Bath
2,470 Sq Ft
10 Acres

Recently Sold

$111 Per Sq Ft

8% Below List Price

3 Days on Market

Highlights

  • 10 Acre Lot
  • Spring on Lot
  • No HOA
  • Multiple Fireplaces
  • Wood Flooring
  • Detached Garage

About This Home

As of October 2024

For comp purposes only Sold $275,000

Last Agent to Sell the Property

Non Member

Listed on: 11/01/2021

Last Buyer's Agent

Susan Rinehart

Mead Associates Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,320

Year Built

  • Built in 1805

Lot Details

  • 10 Acre Lot
  • Property is zoned Agricultural

Parking

  • Detached Garage

Home Design

  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • 2,470 Sq Ft Home
  • Multiple Fireplaces
  • Wood Flooring
  • Crawl Space
  • Scuttle Attic Hole

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 1 Full Bathroom

Schools

  • Central Elementary School
  • Maury River Middle School
  • Rockbridge Co High School

Utilities

  • Central Air
  • Heat Pump System
  • Septic System

Additional Features

  • Spring on Lot
  • Flood Zone Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 46 A 2

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,320

Year Built

Built in 1805

Lot Details

0

Listing Details

  • ConservationEsmnt: No
  • Heating Cooling Other: aged
  • Directions: I-81 North to left exit 191 onto I-64W. Exit 50 onto Rt. 60 East. Turn right onto W Midland Trail. Go approx 2.8 miles to property on right.
  • HistoricProperty: No
  • Listing Member Name: Non Member
  • Listing Office Short Id: 108
  • Open House Office I D: 20061211170240115945000000
  • Hoa2 Or Poa: No
  • Prop. Type: Residential/Farm
  • Selling Member Short Id: rinehars
  • Selling Office Short Id: 121
  • Subdivision Yn: No
  • TotalFinSFApx: 2470.00
  • Year Built: 1805
  • Taxes Dollars: 1320.00
  • TotalAcresApx: 10.00
  • 1StFloorMstrBdrm: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Basement: Crawl Space
  • Full Bathrooms: 1.00
  • Updated Floor: Wood
  • Heat Other: aged
  • Water Heater Other: Broken
  • Has Attic: Scuttle
  • Lower Floor 1 Bedrooms: 5
  • Fireplace: 3 or More
  • Fireplace Other: Sealed off
  • Lower Floor 1 Bedrooms: 7

Exterior Features

  • Exterior: Solid Brick
  • Roof: Metal
  • Street: W Midland Trail
  • Tax Rate: .74
  • Flood Zone: SW

Garage/Parking

  • Garage Spaces: Detached

Utilities

  • Cooling: Central Cooling
  • Heating: Heat Pump(s)
  • Sewer: Existing Septic
  • Water: Developed Spring
  • Domestic Water Other: Needed renovating

Schools

  • Elementary School: Central
  • Middle School: Maury River
  • High School: Rockbridge Co
  • Elementary School: Central
  • High School: Rockbridge Co
  • Middle School: Maury River

Lot Info

  • Zoning: Agricultural
  • Best Use: Residential
  • Current Use: Residential

Tax Info

  • Tax Map Number: 46 A 2
  • Tax Year: 2021

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
James River Realty - Lexington
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
$549,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$190,590
Avg. Annual Appreciation
-25.76%
Original Mortgage
$555,000
Outstanding Balance
$548,749
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$661
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 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: Rockbridge Highlands 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 $1,961 $321,500 $70,000 $251,500
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

    James River Realty - Lexington

    (540) 460-8068

    9 in this area

    93 Total Sales

    Rodger Rinehart
    Section Image

  • S

    Seller Co-Listing Agent in 2024

    Susan Rinehart

    James River Realty - Lexington

    (540) 460-4544

    8 in this area

    62 Total Sales

    Susan Rinehart
    Section Image
  • Michael Trani

    Buyer's Agent in 2024

    Michael Trani

    Re/Max All Stars

    (540) 960-0550

    1 in this area

    67 Total Sales

    Michael Trani
    Section Image

  • B

    Seller's Agent in 2021

    Barbara Montrose

    WAINWRIGHT & CO., REALTORS(r)- LAKE

    (540) 728-0333

    1 in this area

    13 Total Sales

    Barbara Montrose
    Section Image

  • N

    Seller's Agent in 2021

    Non Member

  • N

    Buyer's Agent in 2021

    Non Member Transaction Agent

    Non-Member Transaction Office

See All Agents

Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 136526

APN: 46 A 2

Virginia Rockbridge County Lexington 24450 Collierstown

4050 W Midland Trail, Lexington, VA

This home is located at 4050 W Midland Trail, Lexington, VA 24450 and is currently priced at $275,000, approximately $111 per square foot. This property was built in 1805. 4050 W Midland Trail is a home located in Rockbridge County with nearby schools including Rockbridge County High School.

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