$200,000
SOLD NOV 15, 2016

4724 Salem Rd Spout Spring, VA 24593

-- Bed
-- Bath
2,247 Sq Ft
5.9 Acres

Recently Sold

$89 Per Sq Ft

9% Below List Price

18 Days on Market

About This Home

As of May 2020

3 unit duplex with 5,000 SF commercial garage on 5.9 acres zoned B1. Duplex with full walk out basement. Two units on main level and one unit on Terrace level. Each unit has 2 bedrooms one bath, Masonry FP, hardwood floors. The terrace level unit is a one bedroom unit. When owners lived in one half of duplex w/ full basement they rented the other main level unit out for $500 per month and the terrace unit for $450 per month. There is easily a potential of $1400 per month income. New Heat Pump recently installed. 5,000 sf Commercial Garage on the 5.9 acres zoned B1

Last Agent to Sell the Property

J Wayne Henson

Century 21 ALL-SERVICE-FOR License #0225160646 Listed on: 10/28/2016

Century 21 ALL-SERVICE-FOR

Last Buyer's Agent

J Wayne Henson

Century 21 ALL-SERVICE-FOR License #0225160646 Listed on: 10/28/2016

Century 21 ALL-SERVICE-FOR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,200

Year Built

  • Built in 1970

Lot Details

  • 5.9 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
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 74-A-22

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,200

Year Built

Built in 1970

Lot Details

0

Listing Details

  • FILLACRES: 5.9000
  • Directions: 460 East, Approx 3 miles past Route 24 Stoplight, Right on Spout Spring Road, R on Salem Road for approximately 3/4 mile
  • PrimaryElemSchool: Appomattox Elem
  • PrimaryHighSchool: Appomattox High
  • Lot Measurement: Acres
  • Lot Sq Ft: 257004.00
  • PrimaryMiddleSchool: Appomattox Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 74-A-22
  • Year Built: 1970
  • Heating System: Heat Pump
  • Unit Info Number Unfurnished Units: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: NR Spout Spring
  • 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
  • School District: Appomattox

Lot Info

  • Lot Sq Ft: 2247.00
  • Zoning: B1

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
$322,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,037
Avg. Annual Appreciation
5.19%

Purchase Details

Closed on
Dec 28, 2005
Bought by
Woods Ruth T Life Estate Et Als
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 Type Sale Price Title Company
Grant Deed $200,000 Absolute Title
Deed -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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.

    Section Image
  • Charlie Watts

    Buyer's Agent in 2020

    Charlie Watts

    Watts Auction Realty Appra Inc

    (434) 942-0840

    305 Total Sales

    Section Image

  • J

    Seller's Agent in 2016

    J Wayne Henson

    Century 21 ALL-SERVICE-FOR

    (434) 401-1415

    13 Total Sales

    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 301995

APN: 74( A) 22

Virginia Appomattox County Spout Spring 24593

4724 Salem Rd, Spout Spring, VA

This home is located at 4724 Salem Rd, Spout Spring, VA 24593 and is currently priced at $200,000, approximately $89 per square foot. This property was built in 1970. 4724 Salem Rd is a home located in Appomattox County with nearby schools including Appomattox Primary School, Appomattox Elementary School, and Appomattox Middle School.

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