NOT LISTED FOR SALE

416 Spruce St Marion, VA 24354

Estimated Value: $133,000 - $148,962

6 Beds
2 Baths
2,512 Sq Ft
$56/Sq Ft Est. Value

Last Sold March 29, 2022

Last sale price $90,000 $36 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $791/month

198 Days on Market

Highlights

  • Creek or Stream View
  • Mature Trees
  • Main Floor Primary Bedroom
  • Marion Elementary School Rated 10
  • Traditional Architecture
  • No HOA

About This Home

As of March 2022

INVESTORS! Perfect opportunity for rental income. Large 6 BR home featuring a separated upstairs apartment with living room, kitchen, laundry, 3 BRs and one bathroom. There are two separate exterior entrances for the upstairs apartment, as well as an interior entrance from main level if desired. The main level features large open living room, kitchen, laundry, bathroom, and 3 BRs as well. New laminate floor and carpet throughout the main level as well as a new hot water heater and new range/oven. Current sellers put in the wall that divides main level from upper apartment, but that wall can be taken down to make one large home if buyers choose to do so. The home is close to I-81 with parking area and outbuilding. Nice lot with a creek in the rear of the home. This is a perfect home for investment purposes, or for a larger family!!

Last Agent to Sell the Property

Amy Thomas

Appalachian Realty Co. Listed on: 08/09/2021

Last Buyer's Agent

Margo Sexton

Prestige Homes of the Tri Cities Inc. License #0225225337

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $698

Year Built

  • Built in 1930

Lot Details

  • 8,712 Sq Ft Lot
  • Level Lot
  • Mature Trees
  • Property is zoned R1

Home Design

  • Traditional Architecture
  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,512 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Brick Fireplace
  • Insulated Windows
  • Window Treatments
  • Living Room
  • Dining Room
  • Creek or Stream Views
  • Crawl Space
  • Oven or Range
  • Laundry on main level

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level
  • 2 Full Bathrooms

Parking

  • Gravel Driveway
  • Open Parking

Outdoor Features

  • Covered Patio or Porch
  • Outbuilding

Location

  • In Flood Plain

Schools

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

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 8

Home Details

Home Type

Single Family

Est. Annual Taxes

$698

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.2
  • Lot Size: 0.20
  • Road Surface Type: Paved
  • Directions: I-81 N to Exit 45. Left off exit onto Hwy 16. Take a left on Spruce St. Home on the right. See sign.
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1930
  • Kitchen Level: First
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Range/Oven, Refrigerator, Electric Water Heater
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace Features: Brick, Wood Burning
  • Fireplace: Yes
  • Flooring: Newer Floor Covering, Carpet, Laminate, Vinyl
  • Interior Amenities: Cable High Speed Internet
  • Living Area: 2512
  • Window Features: Insulated Windows, Some Window Treatments
  • Room Bedroom4 Level: Upper
  • Living Room Living Room Level: First
  • Master Bedroom Master Bedroom Level: First
  • Room Bedroom3 Level: First
  • Bathroom 2 Level: Upper
  • Room Bedroom2 Level: First
  • Room Family Room Level: Upper
  • Bathroom Level: First
  • Dining Room Dining Room Level: First

Exterior Features

  • Lot Features: Flood Plain, Level
  • View: Creek
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Mature Trees
  • Foundation Details: Block
  • Other Structures: Outbuilding
  • Patio And Porch Features: Porch Covered
  • Property Condition: Exterior Condition: Average, Interior Condition: Average
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Gravel, None

Utilities

  • Laundry Features: First Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Fee Information

  • Association Fee Includes: None

Schools

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

Lot Info

  • Lot Size Sq Ft: 8712
  • Zoning: R1
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 697.97
  • Tax Lot: 8
  • Tax Map Number: 210-118-112
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 20, 2025
Sold by
Stam Terry G and Stam Monique J
Bought by
Walters Richard D
Current Estimated Value
$139,991

Purchase Details

Listed on
Aug 9, 2021
Closed on
Mar 29, 2022
Sold by
Taylor Don and Cregger Judy C
Bought by
Stam Terry G and Stam Monique J
Seller's Agent
Amy Thomas
Appalachian Realty Co.
Buyer's Agent
Margo Sexton
Prestige Homes of the Tri Cities Inc.
List Price
$109,900
Sold Price
$90,000
Premium/Discount to List
-$19,900
-18.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.23%
Original Mortgage
$64,000
Interest Rate
3.15%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Walters Richard D $25,000 Old Republic National Title
Walters Richard D $25,000 Old Republic National Title
Stam Terry G $90,000 New Title Company Name
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stam Terry G $64,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2022 03/29/22 Sold $90,000 -18.1% $36 / Sq Ft
02/24/2022 02/24/22 Pending -- -- --
08/09/2021 08/09/21 For Sale $109,900 -- $44 / Sq Ft
Source: Southwest Virginia Association of REALTORS®

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 $750 $127,100 $12,000 $115,100
2024 $750 $127,100 $12,000 $115,100
2023 $568 $76,700 $10,000 $66,700
2022 $568 $76,700 $10,000 $66,700
2021 $568 $76,700 $10,000 $66,700
2020 $568 $76,700 $10,000 $66,700
2019 $520 $70,300 $10,000 $60,300
2018 $520 $70,300 $10,000 $60,300
2017 $520 $70,300 $10,000 $60,300
2016 $520 $70,300 $10,000 $60,300
2015 $520 $0 $0 $0
2014 $531 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 79529

APN: 210-118-112