NOT LISTED FOR SALE

501 Arbutus Ave SE Roanoke, VA 24014

Riverland-Walnut Hill Neighborhood
4 Beds
2 Baths
2,348 Sq Ft
8,276 Sq Ft Lot

Last Sold October 25, 2013

Last sale price $138,000 $59 Per Sq Ft

102 Days on Market

Highlights

  • No HOA
  • Laundry Facilities
  • 4-minute walk to Piedmont Park
  • Crystal Spring Elementary School Rated A-

About This Home

As of October 2013

Immediate Cash Flow! Fully rented brick 2 story duplex located conviently to hospital, Greenways and Downtown Roanoke.Large 3Br, 1Ba & 1Br,1Ba units. Perfect opportunity for owner occupant or investor. Full of character, hard wood floors,Gas log fireplace,corner lot, storage shed, replacement windows,large front porch and back deck with amazing views of Roanoke Star.

Last Agent to Sell the Property

Joe Kraft

LICHTENSTEIN ROWAN, REALTORS(r) License #0225180222 Listed on: 06/03/2013

LICHTENSTEIN ROWAN, REALTORS(r)

Last Buyer's Agent

John Graybill

LONG & FOSTER - ROANOKE OFFICE License #0225057534

LONG & FOSTER - ROANOKE OFFICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,250

Year Built

  • Built in 1930

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 60x140

Parking

  • 2 Parking Spaces

Home Design

  • 2,348 Sq Ft Home
  • Duplex
  • Brick Exterior Construction
  • Stucco

Basement

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

Schools

  • Crystal Spring Elementary School
  • James Madison Middle School
  • Patrick Henry High School

Utilities

  • Window Unit Cooling System
  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Legal Lot and Block 8 / 7

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Riverland Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • Water Sewer Expense $631
  • New Taxes Expense $1,250
  • Operating Expense $3,350
  • Gross Income $18,000
  • Net Operating Income $14,650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,250

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Heating System: Radiator Gas Heat
  • Type: Multi-Family
  • Has Basement: Walkout - Full
  • Cooling System: Window A/C
  • ExpensesGasExp: 1319.00
  • ExpensesTaxExp: 1250.00
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 1.00
  • NumberUnfurnished: 2.00
  • NumberVehicleSpaces: 2.00
  • Hoa2 Or Poa: No
  • TotalAnnualExpen: 3350.00
  • Water Class: N/A
  • Water Heater Energy: Natural Gas
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Expenses Water Exp: 631.00
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Laundry Facility

Lot Info

  • Lot Dimensions: 60x140
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.19
  • Lot: 8
  • Present Use: Converted

Building Info

  • Year Built: 1930

Tax Info

  • Taxes (6 mo): 1250.00

Multi Family

  • Lease Type: One Year, Six Months
  • Tenant Pays: Cable TV, Electricity
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: Crystal Spring
  • HighSchool: Patrick Henry
  • Middle School: James Madison

Range of Values:

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List Price
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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
10/25/2013 10/25/13 Sold $138,000 -5.4% $59 / Sq Ft
09/13/2013 09/13/13 Pending -- -- --
06/03/2013 06/03/13 For Sale $145,950 -- $62 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joe Kraft

    Seller's Agent in 2013

    Joe Kraft

    LICHTENSTEIN ROWAN, REALTORS(r)

    (727) 296-7492

    3 in this area

    315 Total Sales

    Joe Kraft
    Section Image

  • J

    Buyer's Agent in 2013

    John Graybill

    LONG & FOSTER - ROANOKE OFFICE

    (540) 989-0863

    12 Total Sales

    John Graybill
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 793542

Roanoke Valley Association of REALTORS®

APN: 403-1001

Virginia Roanoke City County Roanoke 24014 Riverland-Walnut Hill

501 Arbutus Ave SE, Roanoke, VA

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