NOT LISTED FOR SALE

501 Gilbert Ave Follansbee, WV 26037

7 Beds
7 Baths
3,920 Sq Ft
1930 Built

Last Sold May 02, 2019

Last sale price $125,000 $32 Per Sq Ft

193 Days on Market

About This Home

As of May 2019

Follansbee. Multi Family Unit. 7 apartments, all one bedroom, equipped with appliances. Great rental history. Always occupied. One tenant has been there 18 years. Located in the heart of town. Walking distance to school, park, pool, shopping, post office, etc. Ample parking. Great investment. #6 unit- 560 Sq. Ft.- rent: $260 - leased- 2 rooms, 1 BR, 1 BA. stove, refrigerator, washer, dryer. #7 Unit- 560 sq.ft.- rent: $315- leased- 2 rooms, 1 BR, 1 BA. stove, refrigerator, washer, dryer.

Last Agent to Sell the Property

Mary Fran Kowalo

First Choice, Realtors License #25531 Listed on: 07/13/2018

Last Buyer's Agent

Lisa Hensley

Howard Hanna Mortimer Realty License #2726

Howard Hanna Mortimer Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,422

Year Built

  • Built in 1930

Parking

  • Parking Lot

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 3,920 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

  • 7 Units

Listing and Financial Details

  • Tenant pays for pays all
  • Assessor Parcel Number 004400000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,422

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 31.89
  • Estimated Price per Sq Ft: 31.89
  • Year Built Exception: Actual YBT
  • Total Sq Ft: 3920
  • Year Built: 1930
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 7.00
  • Full Bathrooms: 7
  • Sq Ft Approx Above Grade Finished: 3920.00
  • Sq Ft Approx Total Finished: 3920.00

Exterior Features

  • Exterior: Brick, Stucco
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Parking Lot

Utilities

  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard
  • Water/Sewer: Public Water, Public Sewer

Schools

  • School District: Brooke WVCSD

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 004400000000

Rental Info

  • Tenant Pays: Pays All

Multi Family

  • Unit Count: 4
  • Num Of Buildings: 1
  • Number of Units: 7

Tax Info

  • Tax: 1422

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2019 05/02/19 Sold $125,000 -16.1% $32 / Sq Ft
01/22/2019 01/22/19 Pending -- -- --
01/10/2019 01/10/19 Price Changed $149,000 -11.8% $38 / Sq Ft
10/02/2018 10/02/18 Price Changed $169,000 -5.6% $43 / Sq Ft
07/13/2018 07/13/18 For Sale $179,000 -- $46 / Sq Ft
Source: MLS Now

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 $2,756 $88,020 $6,960 $81,060
2024 $2,685 $86,580 $6,960 $79,620
2023 $2,673 $84,660 $6,960 $77,700
2022 $2,625 $82,740 $6,960 $75,780
2021 $2,562 $80,400 $6,960 $73,440
2020 $2,509 $80,400 $6,960 $73,440
2019 $2,463 $78,900 $6,960 $71,940
2018 $2,407 $76,920 $6,960 $69,960
2017 $2,345 $75,000 $6,960 $68,040
2016 $2,271 $73,080 $6,960 $66,120
2015 $2,176 $70,380 $6,960 $63,420
2014 -- $67,680 $6,960 $60,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4018034

MLS Now