502 Forest St Martinsville, VA 24112
4
Beds
2
Baths
2,034
Sq Ft
0.28
Acres
Highlights
- Deck
- Porch
- Cooling Available
- Main Floor Bedroom
- Double Pane Windows
- Ceiling Fan
About This Home
As of February 2025Welcome to your new home in the vibrant city of Martinsville, located close to all that uptown has to offer. With historic charm, the sellers have thoughtfully renovated to ensure this home is turnkey ready for its new owner. As you step inside you will be greeted by large windows and tall ceilings that create a spacious and inviting atmosphere. The main level offers the convenience of single-level living with the master bedroom, laundry room, and a full bath all situated on the first floor. Upstairs you will find three additional bedrooms and another full bath, providing ample space for family or guests. Both bathrooms contain anti fog mirrors with lights for the beauty enthusiasts! The kitchen is designed for those who love to entertain. It boasts brand new, self-closing cabinets, modern appliances, and a sleek stainless steel sink. You'll have no concerns about storage or preparation space with the abundant cabinetry and countertops. Enjoy the warmth and natural light in the spacious family room, which seamlessly leads you out to a brand new deck, perfect for relaxing or hosting gatherings. The deck overlooks a large, level backyard. A new roof, installed in 2024 by Big Lick, comes with a 10-year warranty. An outbuilding is included (contents convey) offering extra storage or workspace. All information is sourced from the tax card and seller but should be verified by the buyer. Some images have been virtually modified, edited, and staged to show potential.
Last Agent to Sell the Property
KW Martinsville Brokerage Phone: 2767887653 License #0225264560 Listed on: 11/22/2024
Last Buyer's Agent
Non Member Office
Non Member Office
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $825
Year Built
- Built in 1927
Lot Details
- 0.28 Acre Lot
- Level Lot
Home Design
- Composition Roof
- Vinyl Siding
Interior Spaces
- 2,034 Sq Ft Home
- Ceiling Fan
- Gas Log Fireplace
- Double Pane Windows
- Washer and Dryer Hookup
Kitchen
- Gas Range
- Dishwasher
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- Main Floor Bedroom
- 2 Full Bathrooms
Unfinished Basement
- Exterior Basement Entry
- Dirt Floor
- Block Basement Construction
Parking
- Gravel Driveway
- Open Parking
Outdoor Features
- Deck
- Outbuilding
- Porch
Farming
- Equipment Barn
Utilities
- Cooling Available
- Heat Pump System
- Electric Water Heater
Community Details
- Martinsville Southside Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 22, 2024
Closed on
Feb 11, 2025
Sold by
Mountain West Ira Inc and Ira Judith Beauregard
Bought by
Mcghee Matthew
Seller's Agent
Logan Valderrama
KW Martinsville
Buyer's Agent
Non Member Office
Non Member Office
List Price
$239,500
Sold Price
$228,000
Premium/Discount to List
-$11,500
-4.8%
Views
88
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,947
Avg. Annual Appreciation
-4.25%
Original Mortgage
$228,000
Outstanding Balance
$224,083
Interest Rate
6.13%
Mortgage Type
VA
Estimated Equity
-$1,559
Purchase Details
Listed on
Mar 24, 2023
Closed on
Jun 30, 2023
Sold by
Preston Lamont Scott
Bought by
Mountain West Ira Inc and Judie Beauregard Ira
Seller's Agent
Richard Sarver
The Spencer Group R.E. & Auction
Buyer's Agent
Logan Valderrama
KW Martinsville
List Price
$112,000
Sold Price
$90,000
Premium/Discount to List
-$22,000
-19.64%
Views
350
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
81.46%
Purchase Details
Closed on
Jun 23, 2021
Sold by
Sellers Karen J
Bought by
Preston Lamont Scott
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,949
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 10, 2020
Sold by
The Estate Of Charles L Sellers
Bought by
Sellers Karen J
Purchase Details
Closed on
Feb 22, 2016
Sold by
Sellers Charles L and Sellers Christy R
Bought by
Sellers Charles L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,400
Interest Rate
3.65%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Similar Homes in Martinsville, VA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $228,000 | Commonwealth Land Title | |
| Warranty Deed | $90,000 | Old Republic National Title In | |
| Warranty Deed | $42,550 | Attorney | |
| Warranty Deed | $41,333 | Carteret Title Llc | |
| Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $228,000 | VA | |
| Previous Owner | $44,949 | New Conventional | |
| Previous Owner | $46,400 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $24,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/12/2025 02/12/25 | Sold | $228,000 | -0.2% | $112 / Sq Ft |
| 02/10/2025 02/10/25 | Pending | -- | -- | -- |
| 12/30/2024 12/30/24 | Price Changed | $228,400 | -4.6% | $112 / Sq Ft |
| 11/22/2024 11/22/24 | For Sale | $239,500 | +113.8% | $118 / Sq Ft |
| 07/30/2023 07/30/23 | Off Market | $112,000 | -- | -- |
| 07/25/2023 07/25/23 | Sold | $90,000 | -19.6% | $54 / Sq Ft |
| 03/24/2023 03/24/23 | For Sale | $112,000 | -- | $67 / Sq Ft |
Source: Martinsville, Henry & Patrick Counties Association of REALTORS®
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $825 | $83,300 | $6,000 | $77,300 |
| 2023 | $825 | $83,300 | $6,000 | $77,300 |
| 2022 | $633 | $60,900 | $6,000 | $54,900 |
| 2021 | $633 | $60,900 | $6,000 | $54,900 |
| 2020 | $640 | $60,300 | $6,000 | $54,300 |
| 2019 | $640 | $60,300 | $6,000 | $54,300 |
| 2018 | $589 | $54,000 | $6,000 | $48,000 |
| 2017 | $574 | $54,000 | $6,000 | $48,000 |
| 2016 | $604 | $56,900 | $6,000 | $50,900 |
| 2015 | $604 | $56,900 | $6,000 | $50,900 |
| 2014 | $604 | $56,900 | $6,000 | $50,900 |
Source: Public Records
Agents Affiliated with this Home
-
Logan Valderrama
L
Seller's Agent in 2025
Logan Valderrama
KW Martinsville
27 Total Sales
-
N
Buyer's Agent in 2025
Non Member Office
Non Member Office
-
Richard Sarver
Seller's Agent in 2023
Richard Sarver
The Spencer Group R.E. & Auction
(276) 732-3187
255 Total Sales
Map
Source: Martinsville, Henry & Patrick Counties Association of REALTORS®
MLS Number: 144260
APN: 000406900
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