NOT LISTED FOR SALE

4724 Salem Rd Spout Spring, VA 24593

Estimated Value: $321,000 - $358,000

4 Beds
3 Baths
2,247 Sq Ft
$149/Sq Ft Est. Value

Last Sold May 01, 2020

Last sale price $230,000 $102 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $1,867/month

411 Days on Market

About This Home

As of May 2020

Garage and Triplex rented for $2350 a month! Aggressive price improvement! These wont last long!! Brand new heat pumps for all three units. Electricity has been rewired to three different boxes with three meters. Basement unit completely remodeled with new flooring and drywall. New ceiling fans throughout. New hot water tanks. Common area in basement for laundry and storage. Also on property: 5000 sq ft automotive garage with lift, oil pit, alignment machine. Property has salvage title to store cars. New ceiling installed in bays with new LED lights.

Last Agent to Sell the Property

Preston Davidson

Mark A. Dalton & Co., Inc. License #0225226908 Listed on: 02/12/2019

Last Buyer's Agent

Charlie Watts

Watts Auction Realty Appra Inc License #0225086405

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,200

Year Built

  • Built in 1970

Lot Details

  • 1.7 Acre Lot

Parking

  • Off-Street Parking

Home Design

  • 2,247 Sq Ft Home

Flooring

  • Wood
  • Carpet
  • Vinyl

Schools

  • Appomattox Elementary School
  • Appomattox Midl Middle School
  • Appomattox High School

Utilities

  • Heat Pump System
  • Electric Baseboard Heater
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,200

Year Built

Built in 1970

Lot Details

0

Listing Details

  • FILLACRES: 1.7000
  • Directions: 460 to Rt 689 then turn on Salem Rd property is on the left.
  • PrimaryElemSchool: Appomattox Elem
  • PrimaryHighSchool: Appomattox High
  • Lot Measurement: Acres
  • Lot Sq Ft: 74052.00
  • PrimaryMiddleSchool: Appomattox Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • Year Built: 1970
  • Heating System: Electric Baseboard, Heat Pump
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: NR Spout Springs
  • Reciprocal Listing: No
  • Flooring: Carpet, Vinyl, Wood Floors
  • Year Built Exception: 0
  • Walls: Drywall

Garage/Parking

  • Parking: Off Street Parking

Utilities

  • Cooling: Heat Pump
  • Sewer: Septic Tank
  • Hot Water: Well
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Appomattox

Lot Info

  • Lot Sq Ft: 2247.00
  • Zoning: B-1

Tax Info

  • Estimated Taxes: 1200

Multi Family

  • Total Number Units: 3

MLS Schools

  • Primary School: Appomattox

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2016
Closed on
Nov 14, 2016
Sold by
Goin Brook N and Goin Calvin J
Bought by
Davidson Colen E and Davidson Teresa A
Seller's Agent
J Wayne Henson
Century 21 ALL-SERVICE-FOR
Buyer's Agent
J Wayne Henson
Century 21 ALL-SERVICE-FOR
List Price
$219,900
Sold Price
$200,000
Premium/Discount to List
-$19,900
-9.05%
Current Estimated Value
$334,937

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,937
Avg. Annual Appreciation
5.83%

Purchase Details

Closed on
Dec 28, 2005
Bought by
Woods Ruth T Life Estate Et Als
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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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
Davidson Colen E $200,000 Absolute Title
Woods Ruth T Life Estate Et Als -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/01/2020 05/01/20 Sold $230,000 -22.0% $102 / Sq Ft
03/29/2020 03/29/20 Pending -- -- --
02/12/2019 02/12/19 For Sale $295,000 +47.5% $131 / Sq Ft
11/15/2016 11/15/16 Sold $200,000 -9.0% $89 / Sq Ft View Prior Sale
11/15/2016 11/15/16 Pending -- -- --
10/28/2016 10/28/16 For Sale $219,900 -- $98 / 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 $1,278 $202,900 $19,800 $183,100
2024 $1,278 $202,900 $19,800 $183,100
2023 $1,278 $202,900 $19,800 $183,100
2022 $1,278 $202,900 $19,800 $183,100
2021 $1,278 $202,900 $19,800 $183,100
2020 $1,278 $202,900 $19,800 $183,100
2019 $1,295 $199,300 $17,800 $181,500
2018 $1,295 $199,300 $17,800 $181,500
2017 $1,295 $199,300 $17,800 $181,500
2016 $1,295 $199,300 $17,800 $181,500
2014 -- $199,300 $17,800 $181,500
2013 -- $193,300 $18,000 $175,300
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2020

    Preston Davidson

    Mark A. Dalton & Co., Inc.

    (434) 941-0455

    133 Total Sales

    Preston Davidson
    Section Image
  • Charlie Watts

    Buyer's Agent in 2020

    Charlie Watts

    Watts Auction Realty Appra Inc

    (434) 942-0840

    305 Total Sales

    Charlie Watts
    Section Image

  • J

    Seller's Agent in 2016

    J Wayne Henson

    Century 21 ALL-SERVICE-FOR

    (434) 401-1415

    13 Total Sales

    J Wayne Henson
    Section Image
See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 316666

APN: 74( A) 22

Virginia Appomattox County Spout Spring 24593

4724 Salem Rd, Spout Spring, VA

Not Listed for Sale

MultiFamily

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