NOT LISTED FOR SALE

409 Vista Ave Unit 409 & 411 Roanoke, VA 24019

Estimated Value: $329,000 - $361,540

6 Beds
3 Baths
2,688 Sq Ft
$130/Sq Ft Est. Value

Last Sold January 11, 2018

Last sale price $190,000 $71 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $2,095/month

27 Days on Market

About This Home

As of January 2018

Opportunity to own a fully occupied Roanoke County triplex. all three units are 2 bedroom 1 bath units. Two of the units are townhouse style and feature private decks that over look a partially wooded back yard. The third unit is a single level basement unit with a separate private driveway.

Last Agent to Sell the Property

Matthew Zimmerman

WALDVOGEL COMMERCIAL PROPERTIES License #0225229039 Listed on: 10/24/2017

Co-Listed By

Jason Fountain

VRC PROPERTIES LLC License #0225077081

Last Buyer's Agent

Jason Fountain

VRC PROPERTIES LLC License #0225077081

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,578

Year Built

  • Built in 1979

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 150x75

Home Design

  • 2,688 Sq Ft Home
  • Triplex
  • Brick Exterior Construction
  • Slab Foundation

Schools

  • Mountain View Elementary School
  • Northside Middle School
  • Northside High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 4 / 1

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • Operating Expense $4,476
  • Gross Income $23,700
  • Net Operating Income $18,039

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,578

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Central Cooling
  • Major Area: 02 - Roanoke County
  • NumberLeasedUnits: 3.00
  • NumberUnfurnished: 3.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2017-11-20
  • SubdivisionMap: Hollins
  • TotalAnnualExpen: 4476.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water

Schools

  • Elementary School: Mountain View
  • Middle School: Northside
  • High School: Northside

Lot Info

  • Lot Dimensions: 150x75
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.25
  • Lot: 4

Building Info

  • Year Built: 1979

Tax Info

  • Taxes (6 mo): 1578.00
  • FILLTAXID: 038.12-04-04.00-0000

Multi Family

  • Tenant Pays: Electricity
  • Units In Building: 3.00
  • Multi Family Type: Triplex

MLS Schools

  • Elementary School: Mountain View
  • HighSchool: Northside
  • Middle School: Northside

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2019
Sold by
409 Vista Llc
Bought by
Rose Jonathan N and Rose David L
Current Estimated Value
$348,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Outstanding Balance
$116,855
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$209,028

Purchase Details

Listed on
Oct 24, 2017
Closed on
Jan 9, 2018
Sold by
Williams Robert B and Williams Holly
Bought by
409 Vista Llc
Seller's Agent
Matthew Zimmerman
WALDVOGEL COMMERCIAL PROPERTIES
Buyer's Agent
Jason Fountain
VRC PROPERTIES LLC
List Price
$210,000
Sold Price
$190,000
Premium/Discount to List
-$20,000
-9.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.34%
Original Mortgage
$155,200
Interest Rate
3.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 24, 2006
Sold by
Shiffer Zachary S
Bought by
Williams Robert B and Williams Holly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
7%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Rose Jonathan N $225,000 Colonial Title
409 Vista Llc $190,000 First Choice Title & Settlem
Williams Robert B $195,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rose Jonathan N $168,750
Previous Owner 409 Vista Llc $155,200
Previous Owner Williams Robert B $204,953
Previous Owner Williams Robert B $156,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2018 01/11/18 Sold $190,000 -9.5% $71 / Sq Ft
11/20/2017 11/20/17 Pending -- -- --
10/24/2017 10/24/17 For Sale $210,000 -- $78 / Sq Ft
Source: Roanoke Valley Association of 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 $2,338 $224,800 $34,000 $190,800
2023 $2,167 $204,400 $33,000 $171,400
2022 $2,092 $191,900 $32,000 $159,900
2021 $2,013 $184,700 $30,000 $154,700
2020 $1,912 $175,400 $30,000 $145,400
2019 $1,749 $160,500 $30,000 $130,500
2018 $1,578 $146,200 $30,000 $116,200
2017 $1,578 $144,800 $30,000 $114,800
2016 $1,578 $144,800 $30,000 $114,800
2015 $1,606 $147,300 $30,000 $117,300
2014 $1,570 $144,000 $30,000 $114,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 842477

Roanoke Valley Association of REALTORS®

APN: 038.12-04-04