NOT LISTED FOR SALE

472 Colony Rd Madison Heights, VA 24572

-- Bed
-- Bath
3,120 Sq Ft
777,981,568 Sq Ft Lot

Sale Details

Date Sold: October 20, 2014

Last sale price $78,000 $25 Per Sq Ft

53 Days on Market

Highlights

  • Wood Under Carpet
  • Forced Air Heating System
  • Electric Baseboard Heater

About This Home

As of October 2014

What does every investor want? A great return of their investment. With 3 tenants already in place this property can do just that. Bring an immediate income. One tenant has been in the home for 26 years and the other for 16. Currently brings in a total rent of $975 month Three levels of living space with three separate electric meters, heating,one low water bill and off street parking. Conveniently located within walking distance from the Central Va Training Center and a couple of minutes from downtown Lynchburg.

Last Agent to Sell the Property

Bobby Crickenberger

Century 21 All-Service-AMH License #0225083642 Listed on: 08/21/2014

Last Buyer's Agent

Bobby Crickenberger

Century 21 All-Service-AMH License #0225083642 Listed on: 08/21/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $680

Year Built

  • Built in 1944

Lot Details

  • 17,860 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • 3,120 Sq Ft Home
  • Plaster Walls

Flooring

  • Wood Under Carpet
  • Concrete

Schools

  • Madison Heights Elementary School
  • Monelison Midl Middle School
  • Amherst High School

Utilities

  • Forced Air Heating System
  • Electric Baseboard Heater
  • Electric Water Heater
  • Septic Tank

Community Details

Overview

  • Bakor Manor Subdivision

Building Details

  • Water Sewer Expense $30
  • Gross Income $10,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$680

Year Built

Built in 1944

Lot Details

0.41 Acres

Listing Details

  • FILLACRES: 0.4100
  • Directions: Wright Shop Road to Colony road( look for the Central Va Training Center sign) Property on the right
  • Lot Measurement: Acres
  • Lot Sq Ft: 17860.00
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • Year Built: 1944
  • Heating System: Electric Baseboard, Forced Warm Air-Oil
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: Lot 1 Baker Manor on Sunset Dr and Colony Dr
  • Reciprocal Listing: No
  • Flooring: Carpet Over Wood, Concrete
  • Year Built Exception: 0
  • Walls: Plaster

Garage/Parking

  • Parking: 2 Spaces/Unit

Utilities

  • Sewer: Septic Tank
  • Hot Water: County
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors
  • Subdivision Complex: Bakor Manor

Schools

  • Elementary School: Madison Heights Elem
  • High School: Amherst High
  • Middle School: Monelison Midl
  • School District: Amherst

Lot Info

  • Lot Sq Ft: 3120.00
  • Zoning: R-2

Tax Info

  • Estimated Taxes: 680

Multi Family

  • Annual Gross Income: 10380.00
  • Water Expense: 30.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2014 10/20/14 Sold $78,000 -90.8% $25 / Sq Ft
10/13/2014 10/13/14 Pending -- -- --
08/21/2014 08/21/14 For Sale $845,000 -- $271 / Sq Ft
Source: Lynchburg 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
2026 $1,413 $231,700 $36,000 $195,700
2025 $1,177 $193,000 $30,000 $163,000
2024 $1,177 $193,000 $30,000 $163,000
2023 $1,177 $193,000 $30,000 $163,000
2022 $1,177 $193,000 $30,000 $163,000
2021 $1,177 $193,000 $30,000 $163,000
2020 $1,177 $193,000 $30,000 $163,000
2019 $687 $112,700 $30,000 $82,700
2018 $687 $112,700 $30,000 $82,700
2017 $687 $112,700 $30,000 $82,700
2016 $687 $112,700 $30,000 $82,700
2015 $316 $112,700 $30,000 $82,700
2014 $631 $112,700 $30,000 $82,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 287264

APN: 160 2 1

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