NOT LISTED FOR SALE

Estimated Value: $648,000 - $697,000

0.81 Acre
$830,274 Price per Acre
35,284 Sq Ft Lot

Last Sold January 25, 2013

Last sale price $52,000

Est. 1,193% increase in value since last sale

Current estimated payment $4,103/month

About This Lot

As of January 2013

Great building lot in Wellington Farms.Mostly brick homes,great location.Special financing available for qualified buyers.Contact agent for details

Last Agent to Sell the Property

Norris Hall

RE/MAX Commonwealth License #0225139383 Listed on: 10/03/2012

RE/MAX Commonwealth

Last Buyer's Agent

Ricky Scott

United Real Estate Richmond License #0225196177

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $912

Lot Details

  • 0.81 Acre Lot
  • Zoning described as R25

HOA Fees

  • $13 Monthly HOA Fees

Schools

  • Ecoff Elementary School
  • Salem Middle School
  • Bird High School

Utilities

  • Water Not Available

Community Details

  • Wellington Farms Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 021
  • Assessor Parcel Number 785-660-67-51-00000

Property Details

Property Type

Land

Est. Annual Taxes

$912

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Unimproved Land
  • Lot Size Acres: 0.81
  • Ownership: REO
  • Subdivision Name: Wellington Farms
  • Special Features: 20

Interior Features

  • Basement YN: No

Utilities

  • Sewer: Not Connected (nearby), Public Sewer
  • Water Source: Not Connected (nearby), Public
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Association Fee: 150.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Middle Or Junior School: Salem

Lot Info

  • Parcel Number: 785-660-67-51-00000
  • Zoning Description: R25
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 912.0
  • Tax Block: 0
  • Tax Lot: 021

MLS Schools

  • Elementary School: Ecoff
  • High School: Bird

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2012
Closed on
Jan 9, 2013
Sold by
First Capital Bank
Bought by
Banks Ann C
Seller's Agent
Norris Hall
RE/MAX Commonwealth
Buyer's Agent
Ricky Scott
United Real Estate Richmond
List Price
$59,000
Sold Price
$52,000
Premium/Discount to List
-$7,000
-11.86%
Current Estimated Value
$672,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$620,522
Avg. Annual Appreciation
22.33%

Purchase Details

Closed on
Feb 26, 2010
Sold by
First Capital Bank
Bought by
Wellington Farms Homeowners As

Purchase Details

Closed on
Dec 12, 2006
Sold by
Miles and Wells
Bought by
Exact Construction Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.31%
Mortgage Type
Construction
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
Banks Ann C $52,000 --
Wellington Farms Homeowners As -- --
Exact Construction Corp $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banks Katrin E $381,000
Closed Banks Katrin E $387,200
Previous Owner Exact Construction Corp $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2013 01/25/13 Sold $52,000 -11.9% --
11/16/2012 11/16/12 Pending -- -- --
10/02/2012 10/02/12 For Sale $59,000 -- --
Source: Central Virginia Regional MLS

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 $6,466 $723,700 $100,000 $623,700
2024 $6,466 $699,800 $95,000 $604,800
2023 $5,954 $654,300 $90,000 $564,300
2022 $5,638 $612,800 $85,000 $527,800
2021 $5,391 $560,500 $85,000 $475,500
2020 $5,207 $548,100 $83,000 $465,100
2019 $4,999 $526,200 $83,000 $443,200
2018 $4,783 $503,500 $83,000 $420,500
2017 $4,808 $500,800 $80,000 $420,800
2016 $4,848 $505,000 $80,000 $425,000
2015 $2,521 $469,600 $80,000 $389,600
2014 $768 $80,000 $80,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1224644

Central Virginia Regional MLS

APN: 785-66-06-75-100-000