NOT LISTED FOR SALE

413 Arbutus Ave SE Roanoke, VA 24014

Riverland-Walnut Hill Neighborhood

Estimated Value: $427,000 - $562,000

4 Beds
3 Baths
2,204 Sq Ft
$213/Sq Ft Est. Value

Last Sold September 17, 2018

Last sale price $165,000 $75 Per Sq Ft

Est. 184% increase in value since last sale

Current estimated payment $2,983/month

3 Days on Market

Highlights

  • City View
  • No HOA
  • 2-minute walk to Piedmont Park
  • Crystal Spring Elementary School Rated A-
  • Breakfast Area or Nook

About This Home

As of September 2018

Grand old home close to hospital, downtown and walking distance to Greenway, zoned multi family or use as a single residence. 4 bedroom house with 2 separate kitchens and 2 baths. It recently was a single family use, but can easily be made duplex ready. New roof, refinished hardwoods, updated electric make this a great investment. There are separate outside entrances. Out back, is a detached garage with good alley parking and a beautiful view of the star. The adjoining buildable lot is part of this listing and price. Also, there is lots of finished space in the attic.

Last Agent to Sell the Property

Rick Payne

MKB, REALTORS(r) License #0225191313 Listed on: 08/16/2018

MKB, REALTORS(r)

Last Buyer's Agent

Ashley Gladden

DIVINE FOG REALTY COMPANY LLC- ROANOKE License #0225231479

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,520

Year Built

  • Built in 1925

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50 x 140

Parking

  • On-Street Parking

Property Views

  • City
  • Mountain

Home Design

  • Duplex
  • Brick Exterior Construction

Schools

  • Crystal Spring Elementary School
  • James Madison Middle School
  • Patrick Henry High School

Utilities

  • Window Unit Cooling System
  • Radiator

Additional Features

  • Breakfast Area or Nook
  • Basement Fills Entire Space Under The House

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 20 / 6

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,520

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Interior Features: Breakfast Area
  • Heating System: Radiator Gas Heat
  • Type: Multi-Family
  • Has Basement: Full Basement
  • Cooling System: Window A/C
  • Views: City, Mountain
  • Major Area: 01 - City of Roanoke
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2018-08-19
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Street

Utilities

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

Schools

  • Elementary School: Crystal Spring
  • Middle School: James Madison
  • High School: Patrick Henry

Lot Info

  • Lot Dimensions: 50 x 140
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.16
  • Lot: 20
  • Present Use: Built-As

Building Info

  • Year Built: 1925

Tax Info

  • Taxes (6 mo): 1520.00
  • FILLTAXID: 4030904 and 4030905

Multi Family

  • Tenant Pays: None
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: Crystal Spring
  • HighSchool: Patrick Henry
  • Middle School: James Madison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2022
Sold by
Riesbeck Bernard H and Riesbeck Randi R
Bought by
Bernard H Riesbeck Revocable Trust
Current Estimated Value
$468,524

Purchase Details

Listed on
Aug 16, 2018
Closed on
Sep 17, 2018
Sold by
Laprad Dolores E
Bought by
Riesbeck Bernard H and Riesbeck Randi R
Seller's Agent
Rick Payne
MKB, REALTORS(r)
Buyer's Agent
Ashley Gladden
DIVINE FOG REALTY COMPANY LLC- ROANOKE
List Price
$179,950
Sold Price
$165,000
Premium/Discount to List
-$14,950
-8.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.21%
Source: Public Records

Range of Values:

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Average Value
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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
Bernard H Riesbeck Revocable Trust -- Wilson Law Firm Plc
Riesbeck Bernard H $165,000 Century Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Riesbeck Randi R $300,000
Previous Owner Riesbeck Randi R $234,000
Previous Owner Riesbeck Bernard H $300,000
Previous Owner Riesbeck Bernard H $396,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2018 09/17/18 Sold $165,000 -8.3% $75 / Sq Ft
08/19/2018 08/19/18 Pending -- -- --
08/16/2018 08/16/18 For Sale $179,950 -- $82 / 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
2025 $5,846 $451,000 $53,800 $397,200
2024 $5,846 $393,500 $42,400 $351,100
2023 $5,129 $331,300 $34,900 $296,400
2022 $3,769 $293,500 $27,900 $265,600
2021 $3,629 $282,900 $23,200 $259,700
2020 $1,764 $130,500 $23,200 $107,300
2019 $1,860 $130,500 $23,200 $107,300
2018 $1,766 $124,600 $17,300 $107,300
2017 $1,529 $120,900 $17,300 $103,600
2016 $1,506 $119,000 $17,300 $101,700
2015 $1,430 $118,500 $17,300 $101,200
2014 $1,430 $126,800 $17,300 $109,500
Source: Public Records

Agents Affiliated with this Home

  • Rick Payne

    Seller's Agent in 2018

    Rick Payne

    MKB, REALTORS(r)

    (540) 793-0442

    94 Total Sales

    Rick Payne
    Section Image

  • A

    Buyer's Agent in 2018

    Ashley Gladden

    DIVINE FOG REALTY COMPANY LLC- ROANOKE

    (540) 892-9928

    7 Total Sales

    Ashley Gladden
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 851522

Roanoke Valley Association of REALTORS®

APN: 403-0904

Virginia Roanoke City County Roanoke 24014 Riverland-Walnut Hill

413 Arbutus Ave SE, Roanoke, VA

This home is located at 413 Arbutus Ave SE, Roanoke, VA 24014 since 16 August 2018 and is currently estimated at $468,524, approximately $212 per square foot. This property was built in 1925. 413 Arbutus Ave SE is a home located in Roanoke City with nearby schools including Crystal Spring Elementary School, James Madison Middle School, and Patrick Henry High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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