$740,000
SOLD OCT 2, 2024

4050 W Midland Trail Lexington, VA 24450

Collierstown Neighborhood
3 Beds
3 Baths
2,470 Sq Ft
6.76 Acres

Recently Sold

$300 Per Sq Ft

6% Below List Price

50 Days on Market

Highlights

  • 6.76 Acre Lot
  • Federal Colonial Architecture
  • No HOA
  • Spring on Lot
  • Wood Flooring
  • Covered Patio or Porch

About This Home

As of October 2024

Elegantly sited on a rise along the picturesque Kerrs Creek Valley, with views of Lexington's iconic House Mountain, this historic brick home offers the best of both the old and the new. The house retains the features that modernity cannot improve upon: solid brickwork, generous windows, a charming icehouse, the stately proportions of the rooms, the original millwork and doors, and even some of the original heart pine floor. In 2022, the current owners undertook a complete, sympathetic transformation of this home, which now has three bedrooms and three full bathrooms, including an upstairs primary suite. Downstairs, the family room and bathroom could become a second primary suite with the addition of two doors making a fourth bedroom.

Last Agent to Sell the Property

Rodger Rinehart

James River Realty - Lexington Listed on: 06/18/2024

Co-Listed By

Susan Rinehart

James River Realty - Lexington

Last Buyer's Agent

Michael Trani

Re/Max All Stars

Re/Max All Stars

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,011

Year Built

  • Built in 1810

Lot Details

  • 6.76 Acre Lot
  • Property fronts a state road
  • Property fronts an easement
  • Garden
  • Historic Home
  • Property is zoned Agricultural

Parking

  • Detached Garage

Home Design

  • Federal Colonial Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Metal Roof
  • HardiePlank Siding

Interior Spaces

  • 2,470 Sq Ft Home
  • Gas Fireplace
  • Living Room with Fireplace
  • Crawl Space
  • Pull Down Stairs to Attic
  • Property Views

Kitchen

  • Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spring on Lot
  • Covered Patio or Porch
  • Shed
  • Storage Shed

Schools

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

Utilities

  • Heat Pump System
  • Power Generator
  • Septic System
  • High Speed Internet

Additional Features

  • Flood Zone Lot
  • Spring House

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 46 A 2 46A 5A

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,011

Year Built

Built in 1810

Lot Details

0

Listing Details

  • ConservationEsmnt: No
  • Heating Cooling Other: Mini Splits
  • Directions: Rt 60 W to 4050 W Midland
  • HistoricProperty: Yes
  • InternetServicesAvailable: Fiber Optic
  • Listing Member Name: Rodger Rinehart
  • Listing Office Short Id: 121
  • Open House Office I D: 20061211170240860305000000
  • Hoa2 Or Poa: No
  • Prop. Type: Residential/Farm
  • Selling Member Short Id: MMT
  • Selling Office Short Id: 136
  • Subdivision Yn: No
  • TotalFinSFApx: 2470.00
  • Year Built: 1810
  • Taxes Dollars: 2011.00
  • TotalAcresApx: 6.76
  • 1StFloorMstrBdrm: No
  • PorchDeckPatioPorch: Front
  • Building Style: Colonial/Federal
  • Type of Construction: Brick, Solid Brick
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Basement: Crawl Space, Slab
  • Full Bathrooms: 3.00
  • Dining Room Features Other: Electrolux W and D
  • Updated Floor: Tile, Wood
  • Floor Other: Porcelain Tile
  • Water Heater Other: On demand
  • Appliances: As Is, Dishwasher, Dryer, Electric Range, Generator, Microwave, Oven, Refrigerator, Washer
  • Appliances Other: Bosch/Bertazzoni
  • Has Attic: Drop Stair
  • Lower Floor 1 Bedrooms: 3
  • Fireplace: 1, Gas
  • Fireplace Location: Living Room
  • Fireplace Other: Wood Burning
  • Interior Amenities: Walk-in Closet
  • Lower Floor 1 Bedrooms: 9

Exterior Features

  • Easements: Power
  • Exterior: Masonry(Hardy) Plank, Solid Brick
  • Exterior Features: Shed, Spring House
  • Road Frontage: State Road
  • Roof: Metal
  • Street: Midland
  • Surface Water: Spring
  • Tax Rate: .61/100
  • Flood Zone: SW
  • Out Buildings: Garden Shed, Spring House
  • Fencing: None
  • Topography: Views
  • Exterior Features: Covered Porch, Garden Space, Spring House, Storage Shed, Sunrise View

Garage/Parking

  • Garage Spaces: Detached

Utilities

  • Cooling: Heat Pump Electric
  • Heating: Heat Pump(s)
  • Sewer: Existing Septic
  • Utilities Available: Electric
  • Water: Developed Spring
  • Domestic Water Other: UV treatment

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
  • Outbuildings Other: ice house
  • Best Use: Residential
  • Current Use: Residential

Tax Info

  • Tax Map Number: 46 A 2 46A 5A
  • Tax Year: 2023

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
$557,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$182,381
Avg. Annual Appreciation
-28.76%
Original Mortgage
$555,000
Outstanding Balance
$549,819
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
-$13,617
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
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) 464-1776

    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

    68 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

    11 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: 138561

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 $740,000, approximately $299 per square foot. This property was built in 1810. 4050 W Midland Trail is a home located in Rockbridge County with nearby schools including Rockbridge County High School.

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