NOT LISTED FOR SALE

501 Fairmount Ave Bristol, VA 24201

Estimated Value: $116,000 - $164,097

2 Beds
1 Bath
955 Sq Ft
$149/Sq Ft Est. Value

Last Sold August 28, 2020

Last sale price $74,500 $78 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $864/month

2 Days on Market

Highlights

  • Mature Trees
  • Corner Lot
  • Cottage
  • Deck
  • No HOA
  • Covered Patio or Porch

About This Home

As of August 2020

Cute as a button and ready to go!! This home features 2 bedroom 1 bath close to all restaurants and entertainment Bristol has to offer. Situated on a corner lot with updated kitchen cabinets, counter tops, appliances newer paint, hardwood floors throughout. The unfinished basement has plenty of room for storage and even has room for a third bedroom. Schedule your showing today!!

Last Agent to Sell the Property

Matt Smith

Highlands Real Estate| Sea Glass Listed on: 07/17/2020

Co-Listed By

Heather Fields

Highlands Real Estate| Sea Glass

Last Buyer's Agent

Non Member Non Member

Non Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $750

Year Built

  • Built in 1942

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • Corner Lot
  • Mature Trees
  • Property is in good condition
  • Property is zoned R1

Parking

  • 1 Car Attached Garage
  • Open Parking

Home Design

  • Cottage
  • Fire Rated Drywall
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 955 Sq Ft Home
  • 1-Story Property
  • Brick Fireplace
  • Insulated Windows
  • Window Treatments
  • Living Room
  • Dining Room
  • Partially Finished Basement
  • Laundry in Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Washington-Lee Elementary School
  • Virginia Middle School
  • Virginia High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Natural Gas Not Available
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 19

Home Details

Home Type

Single Family

Est. Annual Taxes

$750

Year Built

Built in 1942

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1722
  • Lot Size: 50 x 150
  • Co List Office Phone: 276-676-2221
  • Directions: From I-81N take exit 3 to State Street to Commonwealth Ave. Turn right onto Euclid. Right on Saratoga. Straight to Fairmount. House on corner of Saratoga and Fairmount. See sign.
  • Architectural Style: Cottage
  • Carport Y N: No
  • Garage Yn: Yes
  • Building Stories: 1
  • Year Built: 1942
  • Kitchen Level: First
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Range/Oven, Microwave, Refrigerator, Other Water Heater (See Remarks)
  • Has Basement: Partially Finished
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Brick, One
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Vinyl, Laminate
  • Interior Amenities: Cable High Speed Internet
  • Living Area: 955
  • Window Features: Insulated Windows, Some Window Treatments
  • Living Room Living Room Level: First
  • Master Bedroom Master Bedroom Level: First
  • Room Bedroom2 Level: First
  • Bathroom Level: First
  • Dining Room Dining Room Level: First

Exterior Features

  • Lot Features: Corner Lot
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Property Disclosure
  • Construction Type: Vinyl Siding, Dry Wall
  • Exterior Features: Mature Trees
  • Patio And Porch Features: Porch Covered, Deck
  • Property Condition: Exterior Condition: Good, Interior Condition: Good
  • Roof: Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: Paved, Attached
  • Total Parking Spaces: 1

Utilities

  • Laundry Features: In Basement
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Natural Gas Not Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Washington-Lee
  • High School: Virginia
  • Middle Or Junior School: Virginia

Lot Info

  • Lot Size Sq Ft: 7500
  • Zoning: R1
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 749.7
  • Tax Lot: 19
  • Tax Map Number: 16-621-19
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2020
Closed on
Aug 25, 2020
Sold by
Williams Christopher L and Williams Gregory C
Bought by
Lodico Arthur Lee
Seller's Agent
Matt Smith
Highlands Real Estate| Sea Glass
Buyer's Agent
Non Member Non Member
Non Member Office
List Price
$77,900
Sold Price
$74,500
Premium/Discount to List
-$3,400
-4.36%
Current Estimated Value
$149,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,776
Avg. Annual Appreciation
12.70%
Original Mortgage
$77,000
Outstanding Balance
$68,332
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$73,942

Purchase Details

Listed on
Apr 6, 2020
Closed on
May 8, 2020
Sold by
Seay Larry E and Seay April Dawn
Bought by
Williams Christopher L and Williams Gregory C
Seller's Agent
Drew Davenport
Davenport Brothers Real Estate
Buyer's Agent
Lori Simpson
First Title Corporation
List Price
$75,000
Sold Price
$73,500
Premium/Discount to List
-$1,500
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.46%
Original Mortgage
$69,825
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 15, 2017
Closed on
Nov 29, 2017
Sold by
Castlerock 2017 Llc A New York Limited L
Bought by
White Teresa S
Seller's Agent
JOHNNY DANIELS
Premier One Realty, LLC
List Price
$39,900
Sold Price
$39,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.72%

Purchase Details

Listed on
Sep 15, 2017
Closed on
Oct 4, 2017
Sold by
Castlerock 2017 Llc A New York Limited L
Bought by
Seay Larry E and Seay April Dawn
Seller's Agent
JOHNNY DANIELS
Premier One Realty, LLC
List Price
$39,900
Sold Price
$39,900

Purchase Details

Listed on
Jan 28, 2017
Closed on
Aug 8, 2017
Sold by
Secretary Of Housing And Urban Developme
Bought by
Castlerock 2017 Llc A New York Limited L
Seller's Agent
DEBBIE TOTTEN-BURGE
Century 21 Diamond Real Estate
Buyer's Agent
Non Member
Non Member
List Price
$60,000
Sold Price
$23,000
Premium/Discount to List
-$37,000
-61.67%

Purchase Details

Closed on
Dec 21, 2016
Sold by
Citimortgage Inc
Bought by
Hud

Purchase Details

Closed on
Sep 14, 2016
Sold by
Equity Trustees Llc Sub Tr and Raleigh Ada Jeannine
Bought by
Citimortgage Inc

Purchase Details

Closed on
Apr 13, 2007
Sold by
Kennedy Karen L
Bought by
Raleigh Ada J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,450
Interest Rate
6.24%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 27, 2006
Sold by
Bowman Wayne
Bought by
Kennedy Karen L
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Lodico Arthur Lee $74,500 Attorney
Williams Christopher L $73,500 Attorney
White Teresa S $40,000 Attorney
Seay Larry E $39,900 Attorney
Castlerock 2017 Llc A New York Limited L $25,000 First Title & Escrow Inc
Hud -- None Available
Citimortgage Inc $56,006 None Available
Raleigh Ada J $70,000 --
Kennedy Karen L $59,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lodico Arthur Lee $77,000
Previous Owner Williams Christopher L $69,825
Previous Owner Kennedy Karen L $69,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/28/2020 08/28/20 Sold $74,500 -4.4% $78 / Sq Ft
07/20/2020 07/20/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $77,900 +6.0% $82 / Sq Ft
05/08/2020 05/08/20 Sold $73,500 -2.0% $77 / Sq Ft View Prior Sale
04/08/2020 04/08/20 Pending -- -- --
03/19/2020 03/19/20 For Sale $75,000 +88.0% $79 / Sq Ft
10/10/2017 10/10/17 Sold $39,900 0.0% $42 / Sq Ft View Prior Sale
09/29/2017 09/29/17 Pending -- -- --
09/15/2017 09/15/17 For Sale $39,900 +73.5% $42 / Sq Ft
08/14/2017 08/14/17 Sold $23,000 -61.7% $24 / Sq Ft View Prior Sale
07/11/2017 07/11/17 Pending -- -- --
01/28/2017 01/28/17 For Sale $60,000 -- $63 / Sq Ft
Source: Southwest Virginia 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 $1,062 $114,200 $18,000 $96,200
2024 $828 $73,900 $15,000 $58,900
2023 $865 $73,900 $15,000 $58,900
2022 $828 $73,900 $15,000 $58,900
2021 $828 $73,900 $15,000 $58,900
2020 $778 $66,500 $12,500 $54,000
2019 $778 $66,500 $12,500 $54,000
2018 $389 $66,500 $12,500 $54,000
2016 -- $63,000 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 74818

APN: 16-621-19