NOT LISTED FOR SALE

502 Arbutus Ave SE Roanoke, VA 24014

Riverland-Walnut Hill Neighborhood

Estimated Value: $246,000 - $299,000

3 Beds
2.5 Baths
1,628 Sq Ft
$168/Sq Ft Est. Value

Last Sold October 22, 2021

Last sale price $180,400 $111 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $1,715/month

38 Days on Market

Highlights

  • No HOA
  • Central Air
  • Level Lot
  • Crystal Spring Elementary School Rated A-
  • Ceiling Fan
  • 4-minute walk to Piedmont Park

About This Home

As of October 2021

This cape cod style home features large rooms, a kitchen with ample cabinets, a great floor plan, a fenced in back yard, and a detached structure that could be renovated and rented out or used as a mother-in-law suite. Kitchen and full bath downstairs could be used as a suite as well. This home is extremely convenient to local parks, the greenway, local restaurants, and downtown. Central air upstairs only.Detached structure is as-is. Flood insurance is required - current owner pays $1800, but has not had an intrusion since purchasing the home (12 Years).

Last Agent to Sell the Property

Jason Roggensee

THE GRANDIN AGENCY License #0225217008 Listed on: 08/13/2021

Co-Listed By

Jacob Price

EXP REALTY LLC - STAFFORD License #0225234352

Last Buyer's Agent

Cheyne Pizzino

WAINWRIGHT & CO., REALTORS(r) License #0225236314

WAINWRIGHT & CO., REALTORS(r)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,598

Year Built

  • Built in 1940

Lot Details

  • Lot Dimensions are 60x140
  • Level Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,628 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House
  • Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Schools

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

Utilities

  • Central Air
  • Radiator
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 1 / 8

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,598

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan
  • Heating System: Heat Pump Electric, Radiator Oil Heat
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Full Basement
  • Major Appliances: Clothes Dryer, Clothes Washer, Range Electric, Refrigerator
  • Cooling System: Central Cooling, Other - See Remarks
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 1
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1085.00
  • ExteriorDoors: Screen
  • FullBathsFullBathsLowerLvl: 1
  • HalfBathsHalfBathsEntryLvl: 1
  • LaundryLaundryLowerLevel: 1
  • Major Area: 01 - City of Roanoke
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Detached
  • Style Of House: 1.5 Story
  • SubdivisionMap: R Rd
  • Total Above Grd Fin S Q F T: 1628
  • TotalBdrm: 3
  • TotalBths: 2.10
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1628.00
  • TotalHBaths: 1
  • UpperAboveGrdFin Sq Ft: 543.00
  • 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: Public Sewer
  • Water Description: Public Water
  • Water Heater Type: Tank

Lot Info

  • Lot Description: Level Lot, Varied
  • Lot Dimensions: 60x140
  • Property Group Id: 19990816212109142258000000
  • Lot: 1

Building Info

  • Year Built: 1940

Tax Info

  • Taxes (6 mo): 1598.20

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2021
Closed on
Oct 8, 2021
Sold by
Uhl Lisa A
Bought by
Shup Jonathan C and Graziadeisi Shup Keisha
Seller's Agent
Jason Roggensee
THE GRANDIN AGENCY
Buyer's Agent
Cheyne Pizzino
WAINWRIGHT & CO., REALTORS(r)
List Price
$175,000
Sold Price
$180,400
Premium/Discount to List
$5,400
3.09%
Current Estimated Value
$273,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,856
Avg. Annual Appreciation
10.88%
Original Mortgage
$174,988
Outstanding Balance
$159,573
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$113,683

Purchase Details

Closed on
Nov 6, 2009
Sold by
Tolley Charity Kraft
Bought by
Uhl Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,627
Interest Rate
4.86%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 26, 2009
Sold by
Tolley Christopher L and Tolley Charity Kraft
Bought by
Tolley Charity Kraft
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
Shup Jonathan C $180,400 Accommodation
Uhl Lisa A $129,000 None Available
Tolley Charity Kraft -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shup Jonathan C $174,988
Previous Owner Uhl Lisa A $126,627
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2021 10/22/21 Sold $180,400 +3.1% $111 / Sq Ft
09/20/2021 09/20/21 Pending -- -- --
08/13/2021 08/13/21 For Sale $175,000 -- $107 / 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 $3,323 $254,900 $33,100 $221,800
2024 $3,323 $215,400 $22,800 $192,600
2023 $2,834 $184,000 $20,900 $163,100
2022 $2,326 $175,500 $16,100 $159,400
2021 $1,832 $135,900 $13,400 $122,500
2020 $1,780 $132,700 $13,400 $119,300
2019 $1,759 $131,000 $13,400 $117,600
2018 $1,705 $126,600 $13,400 $113,200
2017 $1,575 $123,800 $13,400 $110,400
2016 $1,497 $117,400 $13,400 $104,000
2015 $1,422 $118,900 $13,400 $105,500
2014 $1,422 $118,900 $13,400 $105,500
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jason Roggensee

    THE GRANDIN AGENCY

    (540) 243-6940

    3 in this area

    54 Total Sales

    Jason Roggensee
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    Jacob Price

    EXP REALTY LLC - STAFFORD

    (540) 798-2303

    1 in this area

    35 Total Sales

    Jacob Price
    Section Image

  • C

    Buyer's Agent in 2021

    Cheyne Pizzino

    WAINWRIGHT & CO., REALTORS(r)

    (540) 588-4520

    2 in this area

    30 Total Sales

    Cheyne Pizzino
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 882907

Roanoke Valley Association of REALTORS®

APN: 403-0801

Virginia Roanoke City County Roanoke 24014 Riverland-Walnut Hill

502 Arbutus Ave SE, Roanoke, VA

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