NOT LISTED FOR SALE

460 Thompson Ridge Rd Ferrum, VA 24088

Estimated Value: $372,000 - $400,477

3 Beds
2.5 Baths
2,114 Sq Ft
$181/Sq Ft Est. Value

Sale Details

Date Sold: December 15, 2023

Last sale price $333,800 $158 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,146 / mo

5 Days on Market

Highlights

  • Barn
  • Deck
  • Stream or River on Lot
  • Horses Allowed On Property
  • Wood Burning Stove
  • No HOA

About This Home

As of December 2023

Set on over 14 acres, this County Farmhouse blends modern convenience with rural serenity. Greet the day on the welcoming rocking chair porch. The property boasts a 30x50 livestock barn, springs, and a potential pond site. Ample storage is offered with two outbuildings and a 40x45 garage.Situated in a friendly neighborhood, this countryside gem is close to stunning Philpott Lake. Enjoy weekends exploring the lake, engaging in water sports, or fishing.This property is a dream for equestrians, hobby farmers, or those seeking an escape from the city's hustle. Its timeless charm, modern convenience, and proximity to Philpott Lake make it a gem.**

Last Agent to Sell the Property

Todd Maxey

KELLER WILLIAMS REALTY ROANOKE License #0225192903 Listed on: 11/03/2023

KELLER WILLIAMS REALTY ROANOKE

Last Buyer's Agent

Carla Brindle

WAINWRIGHT & CO., REALTORS(r) License #0225242261

WAINWRIGHT & CO., REALTORS(r)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $879

Year Built

  • Built in 1948

Lot Details

  • 14.6 Acre Lot
  • Garden

Interior Spaces

  • 2,114 Sq Ft Home
  • 1.5-Story Property
  • Wood Burning Stove
  • Flue
  • Screened Porch
  • Partial Basement

Kitchen

  • Built-In Oven
  • Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms

Parking

  • 6 Car Detached Garage
  • Off-Street Parking

Outdoor Features

  • Stream or River on Lot
  • Deck

Schools

  • Ferrum Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Barn
  • Horses Allowed On Property

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$879

Year Built

Built in 1948

Lot Details

14.6 Acres

Listing Details

  • Interior Features: Flue Available, Wood Stove
  • Heating System: Forced Air Oil, Heat Pump Electric
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Partial Basement
  • Major Appliances: Cook Top, Dishwasher, Refrigerator, Wall Oven
  • Cooling System: Heat Pump Electric, Window A/C
  • Outside Features: Barn, Deck, Garden Space, Screened Porch
  • BedroomsBREntryLevel: 2
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1314.00
  • HalfBathsHalfBathsUpperLvl: 1
  • LaundryLaundryEntryLevel: 2
  • Major Area: 04 - Franklin County
  • NumberPrimCovSpaces: 6.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Detached
  • Residential Type: Detached
  • Style Of House: 1.5 Story
  • Total Above Grd Fin S Q F T: 2114
  • TotalBdrm: 3
  • TotalBths: 2.10
  • TotalCovdPrkSpc: 6.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 2114.00
  • TotalHBaths: 1
  • UncoveredNumberSpaces: 6.00
  • Uncovered Parking: Off Street Parking
  • UpperAboveGrdFin Sq Ft: 800.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

  • Sewer Description: Private Septic
  • Water Description: Private Well
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Horses Permitted, Maint-Free Exterior, Stream

Lot Info

  • Lot Description: Stream, Varied
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 14.60

Building Info

  • Year Built: 1948

Tax Info

  • Taxes (6 mo): 879.01

MLS Schools

  • Elementary School: Ferrum
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2023
Sold by
Rusgrove Daniel Scott and Rusgrove Judy S
Bought by
2324 Diggs Llc
Current Estimated Value
$382,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Outstanding Balance
$151,810
Interest Rate
8%
Mortgage Type
Seller Take Back
Estimated Equity
$231,059

Purchase Details

Closed on
Feb 16, 2023
Sold by
Rusgrove Richard Scott
Bought by
Rusgrove Daniel Scott and Rusgrove Judy S

Purchase Details

Closed on
Jul 1, 2014
Sold by
Rusgrove Richard
Bought by
Rusgrove Andrew P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
2324 Diggs Llc $160,000 Old Republic National Title
Rusgrove Daniel Scott $150,000 --
Rusgrove Andrew P -- None Available
Weeks Susan Rusgrove -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2324 Diggs Llc $155,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Sold $333,800 +6.0% $158 / Sq Ft
11/08/2023 11/08/23 Pending -- -- --
11/03/2023 11/03/23 For Sale $314,900 -- $149 / Sq Ft
Source: Roanoke Valley 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 $1,397 $324,900 $48,600 $276,300
2024 $1,397 $324,900 $48,600 $276,300
2023 $879 $144,100 $41,600 $102,500
2022 $879 $144,100 $41,600 $102,500
2021 $879 $144,100 $41,600 $102,500
2020 $879 $144,100 $41,600 $102,500
2019 $786 $128,800 $41,600 $87,200
2018 $786 $128,800 $41,600 $87,200
2017 $708 $130,800 $41,600 $89,200
2016 $708 $130,800 $41,600 $89,200
2015 $776 $130,800 $41,600 $89,200
2014 $776 $143,700 $54,500 $89,200
2013 $776 $143,700 $54,500 $89,200
Source: Public Records

Agents Affiliated with this Home

  • Todd Maxey

    Seller's Agent in 2023

    Todd Maxey

    KELLER WILLIAMS REALTY ROANOKE

    (540) 613-1227

    87 Total Sales

    Todd Maxey
    Section Image
  • Carla Brindle

    Buyer's Agent in 2023

    Carla Brindle

    WAINWRIGHT & CO., REALTORS(r)

    (540) 761-3443

    104 Total Sales

    Carla Brindle
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 902967

Roanoke Valley Association of REALTORS®

APN: 0990002901

Virginia Franklin County Ferrum 24088

460 Thompson Ridge Rd, Ferrum, VA

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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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