NOT LISTED FOR SALE

5 W Preston St Lexington, VA 24450

Estimated Value: $324,000 - $485,000

4 Beds
2 Baths
1,312 Sq Ft
$308/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $368,000 $280 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,366/month

1 Day on Market

About This Home

As of August 2022

This charming brick home is located in the heart of Lexington business district, walking distance to restaurants, the universities and everything the city has to offer! This recently renovated homes offers a new kitchen, 2 baths, cozy living room and four bedrooms. Off Street parking, a garden shed and nicely landscaped city lot. The home is being sold furnished. A must see!

Last Agent to Sell the Property

Cheryl Shaw

J.F. Brown Real Estate Services Listed on: 07/13/2022

Last Buyer's Agent

Heather Hamilton

Lexington Company

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,645

Year Built

1931

Lot Details

0

Listing Details

  • ConservationEsmnt: No
  • Heating Cooling Other: recently installed
  • Directions: South on Jefferson, left on Preston, home is on the left.
  • HistoricProperty: No
  • InternetServicesAvailable: Cable
  • Listing Member Name: Cheryl M. Shaw
  • Listing Office Short Id: 121
  • Open House Office I D: 20061211170240860305000000
  • Hoa2 Or Poa: No
  • Prop. Type: Residential/Farm
  • Selling Member Short Id: hhamilton
  • Selling Office Short Id: HKP
  • Subdivision Yn: No
  • TotalFinSFApx: 1312.00
  • Year Built: 1931
  • Taxes Dollars: 1886.00
  • TotalAcresApx: 0.04
  • 1StFloorMstrBdrm: Yes
  • PorchDeckPatioPorch: Front
  • StyleTwoStory: YES
  • Type of Construction: Brick
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Area Remarks: City location
  • Has Basement: None
  • Full Bathrooms: 2.00
  • Dining Room Features Other: 1/2 block off Main S
  • Flood Zone Other: Not in flood zone
  • Updated Floor: Wood
  • Floor Other: Luxury vinyl
  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Appliances Other: washer/dryer unit
  • Has Attic: Drop Stair
  • Lower Floor 1 Bedrooms: 4
  • Fireplace: None
  • Lower Floor 1 Bedrooms: 6

Exterior Features

  • Exterior: Brick
  • Exterior Features: Cable Available, Porch-Front, Thermopane Windows
  • Road Frontage: City Street
  • Roof: Metal
  • Street: Preston
  • Tax Rate: 1.06
  • Flood Zone: SW
  • Exterior Features: Covered Porch, Storage Shed
  • Exterior Features Other: off street parking

Garage/Parking

  • Garage Spaces: None

Utilities

  • Cooling: Central Cooling
  • Heating: Forced Air, Gas
  • Sewer: Public Sewer
  • Utilities Available: Cable, Gas, Public Sewer, Public Water
  • Water: Public Water
  • Water Heater: Electric

Schools

  • Elementary School: Waddell
  • Middle School: Lylburn Downing
  • High School: Rockbridge Co
  • Elementary School: Waddell
  • High School: Rockbridge Co
  • Middle School: Lylburn Downing

Lot Info

  • Property Name: Preston
  • Zoning: Residential
  • Best Use: Investment, Residential
  • Current Use: Investment, Residential

Tax Info

  • Tax Map Number: 23 1 112
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2018
Closed on
Nov 13, 2018
Sold by
Rocking Horse Racing Llc
Bought by
Finan Devin T and Finan Jennifer I
Seller's Agent
Rick Alford
Lexington Real Estate Connection
Buyer's Agent
Cheryl Shaw
Lexington Real Estate Connection
List Price
$229,000
Sold Price
$187,500
Premium/Discount to List
-$41,500
-18.12%
Current Estimated Value
$403,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,100
Avg. Annual Appreciation
10.15%

Purchase Details

Closed on
Dec 28, 2015
Sold by
Wilson Paul C
Bought by
Rocking Horse Racing Llc
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
Finan Devin T $187,500 None Available
Rocking Horse Racing Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Finan Devin T $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2022 08/26/22 Sold $368,000 -1.8% $280 / Sq Ft
07/14/2022 07/14/22 Pending -- -- --
07/13/2022 07/13/22 For Sale $374,900 +99.9% $286 / Sq Ft
12/07/2018 12/07/18 Sold $187,500 -18.1% $143 / Sq Ft
11/13/2018 11/13/18 Pending -- -- --
06/15/2018 06/15/18 For Sale $229,000 -- $175 / Sq Ft
Source: Rockbridge Highlands 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
2024 $1,645 $178,773 $60,000 $118,773
2023 $1,645 $178,773 $60,000 $118,773
2022 $1,645 $178,773 $60,000 $118,773
2021 $1,592 $150,230 $55,000 $95,230
2020 $1,592 $150,230 $55,000 $95,230
2019 $1,555 $150,230 $55,000 $95,230
2018 $1,555 $150,200 $55,000 $95,200
2017 $1,636 $147,400 $55,000 $92,400
2016 $1,607 $147,400 $55,000 $92,400
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Cheryl Shaw

    J.F. Brown Real Estate Services

    (540) 570-5352

    78 in this area

    100 Total Sales

    Section Image

  • H

    Buyer's Agent in 2022

    Heather Hamilton

    Lexington Company

  • R

    Seller's Agent in 2018

    Rick Alford

    Lexington Real Estate Connection

  • N

    Seller Co-Listing Agent in 2018

    Natalie Shulkin

    Lexington Real Estate Connection

See All Agents

Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 137088

APN: 23-1-112

Virginia Lexington City County Lexington 24450

5 W Preston St, Lexington, VA

This home is located at 5 W Preston St, Lexington, VA 24450 since 13 July 2022 and is currently estimated at $403,583, approximately $307 per square foot. This property was built in 1931. 5 W Preston St is a home located in Lexington City with nearby schools including Harrington Waddell Elementary School, Lylburn Downing Middle School, and Earthsong Community School.

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