408 W 12th St Front Royal, VA 22630
Estimated Value: $317,000 - $379,000
4
Beds
3
Baths
1,596
Sq Ft
$221/Sq Ft
Est. Value
Highlights
- Rambler Architecture
- Forced Air Heating and Cooling System
- 1-minute walk to Chimney Field Park
- No HOA
About This Home
As of May 2024Overview:This investment property presents a prime opportunity for investors seeking a lucrative asset in Front Royal. Located in a desirable area, this property boasts 3192 SQFT, offering 4 bedrooms and 3 baths on main floor.Features:Spacious 4 bedrooms (2 primary suits)3192 of total living space. (including unfinished basement)Well-maintained exterior with Lots of parking and large outdoor buildingUpdated BathroomsInvestment Highlights:Prime Location: Situated in a highly sought-after area, ensuring consistent tenant demand and maximizing rental income potential.Strong Rental Market: Front Royal offers a robust rental market with steady appreciation, making it an ideal location for real estate investment.Income Potential: AS a flip or remodel Value-Add Opportunity: Potential for value appreciation through renovations or upgrades, enhancing rental rates and overall property value. ARV is 425k Financial Summary:Potential for Appreciation: Given the market trends and location, there's potential for property value appreciation over time.Work Needed: AS-ISSump pump went out and flooded basement. There is mold and owner has pricing to demo. Looking for quick sale. CASH, Conventional or Reno loans only. By appointment only Tenant occupied.
Last Agent to Sell the Property
Keller Williams Realty License #0225233417 Listed on: 04/13/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,381
Year Built
- Built in 1970
Lot Details
- 0.28 Acre Lot
- Property is zoned R2
Parking
- Driveway
Home Design
- Rambler Architecture
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- Property has 1 Level
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- 3 Full Bathrooms
Basement
- Connecting Stairway
- Exterior Basement Entry
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Oil
- Electric Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot C
- Assessor Parcel Number 20A2 5 E C
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 13, 2024
Closed on
May 17, 2024
Sold by
Cooper Lolanda
Bought by
Prosperitas Investment Group Inc
Seller's Agent
Amanda Slate
Keller Williams Realty
Buyer's Agent
Kevin Gutierrez-Silva
Coldwell Banker Elite
List Price
$300,000
Sold Price
$305,000
Premium/Discount to List
$5,000
1.67%
Views
96
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
$48,413
Avg. Annual Appreciation
14.47%
Original Mortgage
$353,900
Outstanding Balance
$350,537
Interest Rate
6.88%
Mortgage Type
Construction
Estimated Equity
$2,876
Purchase Details
Closed on
Jul 31, 2006
Sold by
Cooper Lolanda L
Bought by
Cooper Lolanda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,700
Interest Rate
6.8%
Mortgage Type
New Conventional
Similar Homes in Front Royal, VA
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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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Prosperitas Investment Group Inc | $305,000 | First American Title | |
| Cooper Lolanda | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Prosperitas Investment Group Inc | $353,900 | |
| Previous Owner | Cooper Lolanda | $192,200 | |
| Previous Owner | Cooper Lolanda | $50,000 | |
| Previous Owner | Cooper Lolanda | $201,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/17/2024 05/17/24 | Sold | $305,000 | +1.7% | $191 / Sq Ft |
| 04/18/2024 04/18/24 | Pending | -- | -- | -- |
| 04/13/2024 04/13/24 | For Sale | $300,000 | -- | $188 / Sq Ft |
Source: Bright MLS
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 |
|---|---|---|---|---|
| 2025 | $1,343 | $253,400 | $51,800 | $201,600 |
| 2024 | $1,343 | $253,400 | $51,800 | $201,600 |
| 2023 | $1,242 | $253,400 | $51,800 | $201,600 |
| 2022 | $1,153 | $176,100 | $45,000 | $131,100 |
| 2021 | $229 | $176,100 | $45,000 | $131,100 |
| 2020 | $1,153 | $176,100 | $45,000 | $131,100 |
| 2019 | $1,153 | $176,100 | $45,000 | $131,100 |
| 2018 | $1,069 | $162,000 | $40,000 | $122,000 |
| 2017 | $1,053 | $162,000 | $40,000 | $122,000 |
| 2016 | $1,004 | $162,000 | $40,000 | $122,000 |
| 2015 | -- | $162,000 | $40,000 | $122,000 |
| 2014 | -- | $167,100 | $40,000 | $127,100 |
Source: Public Records
Agents Affiliated with this Home
-
Amanda Slate
Seller's Agent in 2024
Amanda Slate
Keller Williams Realty
(540) 974-1827
52 in this area
135 Total Sales
-
Kevin Gutierrez-Silva
Buyer's Agent in 2024
Kevin Gutierrez-Silva
Coldwell Banker Elite
(703) 942-9962
1 in this area
26 Total Sales
Map
Source: Bright MLS
MLS Number: VAWR2007698
APN: 20A2-5-E-C
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