NOT LISTED FOR SALE

503 E Cherry St Covington, VA 24426

Estimated Value: $36,000 - $136,000

2 Beds
1 Bath
1,520 Sq Ft
$55/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $18,000 $12 Per Sq Ft

Est. 361% increase in value since last sale

Current estimated payment $455/month

427 Days on Market

Highlights

  • Furnished
  • Covered Patio or Porch
  • Forced Air Heating System
  • No HOA
  • Detached Carport Space
  • Ceiling Fan

About This Home

As of October 2020

2-Story aluminum sided home in the City of Covington. This home will make an excellent investment property. Located on 3-large lots, amenities include: living room, dining room, kitchen, 2-bedrooms and 1-bath. In addition, there's a storage shed and a detached car shelter. The schools include Covington High School, Jeter Watson Intermediate School and Edgemont Primary School.

Last Agent to Sell the Property

Monty Bowman

HIGHLANDS REALTY & ASSOCIATES LLC License #0225071506 Listed on: 08/12/2019

Last Buyer's Agent

Monty Bowman

HIGHLANDS REALTY & ASSOCIATES LLC License #0225071506 Listed on: 08/12/2019

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $240

Year Built

  • Built in 1920

Lot Details

  • 0.34 Acre Lot
  • Lot Sloped Up
  • Cleared Lot

Home Design

  • Single Family Detached Home
  • Manufactured Home

Interior Spaces

  • 1,520 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Drapes & Rods
  • Partial Basement

Kitchen

  • Electric Range
  • Freezer

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • 1 Parking Space
  • Detached Carport Space
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Electric Water Heater
  • High Speed Internet

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 13,14 and 15 / 63

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$240

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Interior Features: All Drapes, Ceiling Fan
  • Heating System: Forced Air Oil
  • Type: A
  • Property Subtype 1: Single Family Residence
  • Has Basement: Partial Basement
  • Major Appliances: Clothes Dryer, Clothes Washer, Freezer, Range Electric, Refrigerator
  • Cooling System: No Cooling System
  • Outside Features: Covered Porch
  • EntryAboveGrdFin Sq Ft: 820.00
  • Internet Access: DSL
  • LaundryLaundryEntryLevel: 1
  • Major Area: 26 - City of Covington
  • NumberPrimCovSpaces: 1.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Carport Detached
  • Residential Type: Detached
  • Style Of House: 2 Story
  • SubagentAuthorized: No
  • Total Above Grd Fin S Q F T: 1520
  • TotalBdrm: 2
  • TotalBths: 1.00
  • TotalCovdPrkSpc: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 1520.00
  • TotalUnfin Sq Ft: 308.00
  • UncoveredNumberSpaces: 2.00
  • Uncovered Parking: Off Street Parking
  • Unfinished Attached S Q F T Entry Above Grd Unfin S Q F T: 108.00
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 200.00
  • UpperAboveGrdFin Sq Ft: 700.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 2

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Furnished

Lot Info

  • Lot Description: Cleared, Up Slope
  • Lot Dimensions: 120 x 125=15,000 Sq. Ft.
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.34
  • Lot: 13,14 and 15
  • ZoningCode: R#

Building Info

  • Year Built: 1920

Tax Info

  • Taxes (6 mo): 239.76

MLS Schools

  • Elementary School: Other - See Remarks
  • HighSchool: Other - See Remarks
  • Middle School: Other - See Remarks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2019
Closed on
Oct 23, 2020
Sold by
Spencer Pearson Frances Lorraine
Bought by
Lux Vestra Llc
Seller's Agent
Monty Bowman
HIGHLANDS REALTY & ASSOCIATES LLC
Buyer's Agent
Monty Bowman
HIGHLANDS REALTY & ASSOCIATES LLC
List Price
$29,950
Sold Price
$18,000
Premium/Discount to List
-$11,950
-39.9%
Current Estimated Value
$82,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,892
Avg. Annual Appreciation
34.29%

Purchase Details

Closed on
Aug 15, 2002
Bought by
Pearson Frances Lorraine Spencer
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Lux Vestra Llc $18,000 --
Pearson Frances Lorraine Spencer -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2020 10/23/20 Sold $18,000 -39.9% $12 / Sq Ft
10/12/2020 10/12/20 Pending -- -- --
08/12/2019 08/12/19 For Sale $29,950 -- $20 / 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 $227 $26,700 $5,000 $21,700
2024 $227 $26,700 $5,000 $21,700
2023 $227 $26,700 $5,000 $21,700
2022 $225 $26,500 $5,000 $21,500
2021 $212 $26,500 $5,000 $21,500
2020 $212 $26,500 $5,000 $21,500
2019 $212 $26,500 $5,000 $21,500
2018 $234 $0 $0 $0
2017 $223 $0 $0 $0
2016 -- $29,300 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Monty Bowman

    Seller's Agent in 2020

    Monty Bowman

    HIGHLANDS REALTY & ASSOCIATES LLC

    (540) 969-9149

    41 in this area

    125 Total Sales

    Monty Bowman
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 862222

Roanoke Valley Association of REALTORS®

APN: 015-01-0063-00015

Virginia Covington City County Covington 24426

503 E Cherry St, Covington, VA

Not Listed for Sale

Mobile Manufactured

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