NOT LISTED FOR SALE

415 Pearl Ave Marion, VA 24354

Estimated Value: $61,000 - $1,177,000

26 Beds
12 Baths
10,042 Sq Ft
$43/Sq Ft Est. Value

Last Sold June 13, 2023

Last sale price $500,000 $50 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $2,367/month

593 Days on Market

Highlights

  • Mature Trees
  • Storm Windows
  • Forced Air Heating System
  • Marion Elementary School Rated 10
  • Paneling
  • Baseboard Heating

About This Home

As of June 2023

More than a normal investment, check out this ESTABLISHED INVESTMENT OPPORTUNITY...12 houses with renters in place. $6130 monthly gross income - $73,560/year gross income. Lot sizes vary per house. *House #'s 415,423,424,433,438,439,442,452,456,503,504,507. At least 48 hour notice or more to show, please.

Last Agent to Sell the Property

Vickie Stamper

Appalachian Realty Co. License #0225024307 Listed on: 10/21/2021

Last Buyer's Agent

Vickie Stamper

Appalachian Realty Co. License #0225024307 Listed on: 10/21/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,025

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Mature Trees

Home Design

  • Brick Foundation
  • Frame Construction
  • Shingle Roof
  • Metal Roof
  • Metal Siding
  • Vinyl Siding
  • Asbestos
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 10,042 Sq Ft Home
  • Paneling
  • Insulated Windows
  • Crawl Space
  • Storm Windows
  • Laundry on main level

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 26 Bedrooms
  • 12 Bathrooms

Outdoor Features

  • Outbuilding

Schools

  • Marion Elementary School
  • Marion Middle School
  • Marion Senior High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Space Heater
  • Baseboard Heating
  • Separate Meters
  • Natural Gas Not Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 3,16,7,20,12

Community Details

Overview

  • 12 Units

Building Details

  • Insurance Expense $3,219
  • Maintenance Expense $1,500
  • Gross Income $73,320
  • Net Operating Income $66,459

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,025

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Road Surface Type: Paved
  • Directions: I-81 N. Take exit 44 toward US-11 N. Keep right at the fork and merge onto US-11 N. Turn right onto S Church St. Turn left at the 2nd cross street onto E Cherry St. Turn right onto Pearl Ave.
  • Above Grade Finished Sq Ft: 10042
  • Structure Type: Multiple Buildings
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Appliances: None, Electric Water Heater
  • Has Basement: Crawl Space
  • Total Bedrooms: 26
  • Below Grade Sq Ft: 624
  • Fireplace Features: None
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Paneling
  • Living Area: 10042
  • Window Features: Storm Window(s), Insulated Windows, Single Pane

Exterior Features

  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Property Disclosure
  • Construction Type: Metal Siding, Vinyl Siding, Frame, Asbestos, Plaster
  • Exterior Features: Mature Trees
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • Other Structures: Outbuilding
  • Roof: Metal, Shingle

Utilities

  • Laundry Features: Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Forced Air, Space Heater
  • Heating Yn: Yes
  • Electric: Separate Meters
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Natural Gas Not Available
  • Water Source: Public

Schools

  • Elementary School: Marion Elementary
  • High School: Marion Senior
  • Middle Or Junior School: Marion

Lot Info

  • Lot Size Sq Ft: 6534
  • Zoning: R
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 12
  • Annual Gross Income: 73320
  • Insurance Expense: 3219
  • Maintenance Expense: 1500
  • Property Net Operating Income: 66458.79
  • Number Of Units Leased: 12
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 2025.25
  • Tax Lot: 3,16,7,20,12
  • Tax Map Number: 210-118-120
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2021
Closed on
Jun 12, 2023
Sold by
Lowery Investment Management Company Llc
Bought by
Calloway Properties Llc
Seller's Agent
Vickie Stamper
Appalachian Realty Co.
Buyer's Agent
Vickie Stamper
Appalachian Realty Co.
List Price
$600,000
Sold Price
$500,000
Premium/Discount to List
-$100,000
-16.67%
Views
141
Current Estimated Value
$434,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$65,333
Avg. Annual Appreciation
-6.06%
Original Mortgage
$500,000
Outstanding Balance
$487,254
Interest Rate
6.43%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$52,587

Purchase Details

Closed on
May 11, 2010
Sold by
Deatherage Gale R and Deatherage Helen Hagy
Bought by
Lowery N Lavon
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
Calloway Properties Llc $500,000 None Listed On Document
Lowery N Lavon $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Calloway Properties Llc $500,000
Closed Calloway Properties Llc 401 K $500,000
Previous Owner Lowery N Lavon $42,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2023 06/13/23 Sold $500,000 -16.7% $50 / Sq Ft
10/21/2021 10/21/21 For Sale $600,000 -- $60 / Sq Ft
Source: Southwest Virginia 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 $205 $34,700 $6,000 $28,700
2024 $205 $34,700 $6,000 $28,700
2023 $144 $19,500 $5,000 $14,500
2022 $144 $19,500 $5,000 $14,500
2021 $144 $19,500 $5,000 $14,500
2020 $144 $19,500 $5,000 $14,500
2019 $189 $25,500 $5,000 $20,500
2018 $189 $25,500 $5,000 $20,500
2017 $189 $25,500 $5,000 $20,500
2016 $189 $25,500 $5,000 $20,500
2015 $189 $0 $0 $0
2014 $193 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Vickie Stamper

    Seller's Agent in 2023

    Vickie Stamper

    Appalachian Realty Co.

    (276) 780-3172

    143 in this area

    211 Total Sales

    Vickie Stamper
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Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 80526

APN: 210-118-120

Virginia Smyth County Marion 24354

415 Pearl Ave, Marion, VA

This home is located at 415 Pearl Ave, Marion, VA 24354 since 21 October 2021 and is currently estimated at $434,667, approximately $43 per square foot. This property was built in 1900. 415 Pearl Ave is a home located in Smyth County with nearby schools including Marion Elementary School, Marion Middle School, and Marion Senior High School.

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