NOT LISTED FOR SALE

500 Brown Hill Rd Ferrum, VA 24088

Estimated Value: $244,000 - $318,242

3 Beds
2 Baths
2,160 Sq Ft
$129/Sq Ft Est. Value

Last Sold October 31, 2022

Last sale price $293,000 $136 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $1,524/month

42 Days on Market

Highlights

  • Barn
  • 22.34 Acre Lot
  • Deck
  • Horses Allowed On Property
  • Mountain View
  • Wood Burning Stove

About This Home

As of October 2022

Charming 3Bed/2Bath Mountain Retreat & Farmette in Ferrum, VA nestled on a Beautiful 22.3 acre Rural Setting offering Gorgeous Sunrise Views! Eat-In Country Kitchen w/Lots of Cabinets, Main Level Laundry, Hardwood Floors, Wood Stove on Lower. 20x24 Detached Garage/Workshop, Sheds, Barn & All Outbuildings convey ''as-is'' & ''where-is''. Enjoy Boating & Fishing at nearby Philpott Lake!

Last Agent to Sell the Property

Angie McGhee

MKB, REALTORS(r) - FRANKLIN CO License #0225095935 Listed on: 08/23/2022

MKB, REALTORS(r)  - FRANKLIN CO

Last Buyer's Agent

Angie McGhee

MKB, REALTORS(r) - FRANKLIN CO License #0225095935 Listed on: 08/23/2022

MKB, REALTORS(r)  - FRANKLIN CO

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $895

Year Built

  • Built in 1955

Lot Details

  • 22.34 Acre Lot
  • Secluded Lot
  • Garden

Home Design

  • Ranch Style House
  • Cottage

Interior Spaces

  • Ceiling Fan
  • Wood Burning Stove
  • Family Room with Fireplace
  • Storage
  • Laundry on main level
  • Mountain Views

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 3 Car Detached Garage
  • Detached Carport Space
  • Off-Street Parking

Outdoor Features

  • Deck
  • Shed

Schools

  • Closed -Henry Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Utilities

  • Forced Air Heating and Cooling 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

$895

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan, Storage, Walk-in-Closet, Wood Stove
  • Heating System: Forced Air Oil
  • Fireplace(s): Family Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Dishwasher, Range Electric, Refrigerator
  • Cooling System: Central Cooling
  • Outside Features: Barn, Deck, Garden Space, Other - See Remarks, Storage Shed
  • Views: Mountain, Sunrise
  • AddlCoveredPrkng: Carport Detached
  • BedroomsBREntryLevel: 3
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1440.00
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsLowerLvl: 1
  • LaundryLaundryEntryLevel: 1
  • LowerBelowGrdFin Sq Ft: 720.00
  • Major Area: 04 - Franklin County
  • NumberAddCovSpaces: 1.00
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Detached
  • Residential Type: Detached
  • Style Of House: Cottage, Ranch
  • Total Above Grd Fin S Q F T: 1440
  • TotalBdrm: 3
  • TotalBths: 2.00
  • TotalCovdPrkSpc: 3.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 2160.00
  • TotalUnfin Sq Ft: 720.00
  • Uncovered Parking: Off Street Parking
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 720.00
  • 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

Green Features

  • Energy Features: Wood Stove

Lot Info

  • Lot Description: Secluded, Views
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 22.34

Building Info

  • Year Built: 1955

Tax Info

  • Taxes (6 mo): 895.00

MLS Schools

  • Elementary School: Closed -Henry
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2018
Closed on
Jul 27, 2018
Sold by
Craddock Pansy
Bought by
Bilka David T and Bilka Amber
Seller's Agent
Rick Smith
MKB, REALTORS(r) - AT THE LAKE
Buyer's Agent
Tracy David
DAVID & COMPANY REALTY LLC
List Price
$159,000
Sold Price
$159,000
Current Estimated Value
$279,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,561
Avg. Annual Appreciation
7.83%
Original Mortgage
$149,460
Outstanding Balance
$129,547
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$150,014

Purchase Details

Closed on
Mar 27, 2018
Sold by
Joyce Kimberly D and Foley Steve
Bought by
Craddock Pansy

Purchase Details

Closed on
Jul 31, 2012
Sold by
Craddock Otis Leon and Craddock Otis
Bought by
Joyce Kimberly D and Foley Steve
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Bilka David T $159,000 Fidelity National Title Insu
Craddock Pansy -- None Available
Joyce Kimberly D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bilka David T $149,460
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/31/2022 10/31/22 Sold $293,000 -2.3% $136 / Sq Ft
10/04/2022 10/04/22 Pending -- -- --
08/23/2022 08/23/22 For Sale $299,900 +88.6% $139 / Sq Ft
07/27/2018 07/27/18 Sold $159,000 0.0% $74 / Sq Ft View Prior Sale
05/11/2018 05/11/18 Pending -- -- --
03/27/2018 03/27/18 For Sale $159,000 -- $74 / Sq Ft
Source: Roanoke Valley 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 $916 $213,000 $50,000 $163,000
2024 $916 $213,000 $50,000 $163,000
2023 $830 $136,000 $43,000 $93,000
2022 $830 $136,000 $43,000 $93,000
2021 $830 $136,000 $43,000 $93,000
2020 $830 $136,000 $43,000 $93,000
2019 $100 $116,300 $32,800 $83,500
2018 $705 $115,500 $32,000 $83,500
2017 $635 $117,600 $34,500 $83,100
2016 $635 $117,600 $34,500 $83,100
2015 -- $117,600 $34,500 $83,100
2014 -- $117,600 $34,500 $83,100
2013 -- $117,600 $34,500 $83,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 892358

Roanoke Valley Association of REALTORS®

APN: 1000006600