NOT LISTED FOR SALE

416 Mimosa Ln Rustburg, VA 24588

Estimated Value: $352,000 - $376,000

3 Beds
2.5 Baths
1,619 Sq Ft
$225/Sq Ft Est. Value

Last Sold February 28, 2024

Last sale price $339,900 $210 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,012/month

47 Days on Market

Highlights

  • Great Room
  • Laundry Room
  • Vinyl Plank Flooring
  • Walk-In Closet
  • Landscaped
  • Ceiling Fan

About This Home

As of February 2024

Tucked away off a quiet street in Rustburg, this two story new construction is quickly coming to life and ready for its first owner! Wind down in your spacious living room boasting a gas fireplace and lots of natural light. Spacious open kitchen featuring white shaker cabinets and granite countertops with pendant lighting and an eat-in breakfast area. Main level laundry room and half bath. Upstairs you'll find your primary suite featuring an en-suite bathroom and large walk-in closet with 2 additional bedrooms and a full bath. Nestled in the woods sitting on over 2 acres of land, this is the perfect place to call your homestead! Call today for more information.

Last Agent to Sell the Property

Ian Smith

Legacy Realty and Development License #0225235590 Listed on: 11/16/2023

Co-Listed By

Jeffrey Sims

Legacy Realty and Development License #0225215227

Last Buyer's Agent

DON MARR

NextHome TwoFourFive License #0225248458

NextHome TwoFourFive

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,400

Year Built

  • Built in 2023

Lot Details

  • 2.19 Acre Lot
  • Landscaped

Home Design

  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,619 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room
  • Scuttle Attic Hole
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl Plank

Bedrooms and Bathrooms

  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer and Dryer Hookup

Schools

  • Rustburg Elementary School
  • Rustburg Midl Middle School
  • Rustburg High School

Utilities

  • Heat Pump System
  • Underground Utilities
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • Net Lease

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,400

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Directions: Village Hwy to Right on Red House Road. Left onto Mimosa Lane. Home is a quarter mile down on your left.
  • Days On Market: No
  • Prop. Type: Residential
  • Year Built: 2023
  • Garage Yn: No
  • Property Sub-Type: Single Family Residence
  • Co List Office Mls Id: 456
  • Above Grade Finished Sq Ft: 1619.00
  • Architectural Style: Two Story
  • Laundryroom Dim: 0.000 x 0.000
  • Office Dim: 0.000 x 0.000
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 3.00
  • Bathrooms Display: 3 (2 1)
  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Has Attic: Scuttle
  • Has Basement: Slab
  • Breakfast Area: 10x13 Level: Level 1 Above Grade
  • Flooring: Carpet, Vinyl Plank
  • Level 2 Full Bathrooms: 2
  • First Level Half Bathrooms: 1
  • Interior Amenities: Ceiling Fan(s), Drywall, Primary Bed w/Bath, Smoke Alarm, Walk-In Closet(s)
  • Dining Kitchen: 13x11 Level: Level 1 Above Grade
  • Laundry: Dryer Connection, Laundry Room, Main Level, Washer Connections
  • Living Room: 15x17 Level: Level 1 Above Grade
  • Master Bedroom: 13x17 Level: Level 2 Above Grade
  • Appliances: Dishwasher, Microwave, Range-Elec
  • Half Bathrooms: 1
  • Fireplace: 1 Fireplace, Gas Log, Great Room
  • Stories: Two
  • Third Bedroom: 12x10 Level: Level 2 Above Grade
  • Second Bedroom: 12x11 Level: Level 2 Above Grade
  • Room Bedroom3 Area: 120.000000
  • Room Master Bedroom Area: 221.000000
  • Room Kitchen Area: 143.000000
  • Room Living Room Area: 255.000000
  • Room Bedroom2 Area: 132.000000
  • MasterBedroomDimensions Dim: 13.000 x 17.000
  • Kitchen Dim: 13.000 x 11.000
  • Sunroom Dim: 0.000 x 0.000
  • Master Bedroom Master Bedroom Width: 17.000

Exterior Features

  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Landscaped, Undergrnd Utilities

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Utility Electric: AEP/Appalachian Powr
  • Cooling: Heat Pump
  • Sewer: Septic Tank
  • Water Heater: Electric
  • Heating: Heat Pump
  • Water Source: Well

Schools

  • Elementary School: Rustburg Elem
  • High School: Rustburg High
  • Middle School: Rustburg Midl
  • Junior High Dist: Campbell

Lot Info

  • Acres: 2.1880
  • Lot Size Sq Ft: 95309.00
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.001-05:00

Tax Info

  • Estimated Taxes: 1400

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2023
Closed on
Feb 21, 2024
Sold by
Brent W Lilly Inc
Bought by
Callahan Steven Michael
Seller's Agent
Ian Smith
Legacy Realty and Development
Buyer's Agent
DON MARR
NextHome TwoFourFive
List Price
$339,900
Sold Price
$339,900
Views
47
Current Estimated Value
$363,625

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,725
Avg. Annual Appreciation
3.80%
Original Mortgage
$339,900
Outstanding Balance
$333,547
Interest Rate
6.6%
Mortgage Type
VA
Estimated Equity
$30,078

Purchase Details

Closed on
Jan 17, 2023
Sold by
Ecp Llc
Bought by
Brent W Lilly Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,325
Interest Rate
6.33%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Callahan Steven Michael $339,900 Old Republic National Title
Brent W Lilly Inc $40,000 Blue Ridge Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Callahan Steven Michael $339,900
Previous Owner Brent W Lilly Inc $250,325
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2024 02/28/24 Sold $339,900 0.0% $210 / Sq Ft
01/02/2024 01/02/24 Pending -- -- --
11/16/2023 11/16/23 For Sale $339,900 -- $210 / Sq Ft
Source: Lynchburg 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 $1,195 $265,500 $27,900 $237,600
2024 $1,195 $265,500 $27,900 $237,600
2023 $126 $27,900 $27,900 $0
2022 $135 $25,900 $25,900 $0
2021 $135 $25,900 $25,900 $0
2020 $135 $19,700 $19,700 $0
2019 $135 $25,900 $25,900 $0
2018 $102 $19,700 $19,700 $0
2017 $102 $19,700 $19,700 $0
2016 $102 $19,700 $19,700 $0
2015 -- $19,700 $19,700 $0
2014 -- $21,300 $21,300 $0
Source: Public Records

Agents Affiliated with this Home

  • Ian Smith

    Seller's Agent in 2024

    Ian Smith

    Legacy Realty and Development

    (434) 444-5513

    165 Total Sales

    Ian Smith
    Section Image
  • Jeffrey Sims

    Seller Co-Listing Agent in 2024

    Jeffrey Sims

    Legacy Realty and Development

    (434) 258-4751

    200 Total Sales

    Jeffrey Sims
    Section Image
  • DON MARR

    Buyer's Agent in 2024

    DON MARR

    NextHome TwoFourFive

    (434) 215-8178

    75 Total Sales

    DON MARR
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 349239

APN: 35-14-8

Virginia Campbell County Rustburg 24588

416 Mimosa Ln, Rustburg, VA

Not Listed for Sale

Detached

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