4050 W Midland Trail Lexington, VA 24450
Collierstown Neighborhood
3
Beds
3
Baths
2,470
Sq Ft
7
Acres
About This Home
As of October 2024Elegantly 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
J.F. Brown Real Estate Services Listed on: 06/18/2024
Home Details
Home Type
Single Family
Est. Annual Taxes
$1,961
Year Built
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
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
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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: Rockbridge Highlands 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: Rockbridge Highlands REALTORS®
MLS Number: 138561
APN: 46 A 2
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