$30,500
SOLD JUN 26, 2020

504 3rd Ave Unit 506 Danville, VA 24540

2 Beds
2 Baths
1,277 Sq Ft
0.27 Acres

Recently Sold

$24 Per Sq Ft

24% Below List Price

182 Days on Market

Highlights

  • Wood Flooring
  • Floor Furnace
  • Asbestos
  • Window Unit Cooling System

About This Home

As of June 2020

INVESTORS SPECIAL!!! Convenient location for tenants on bus line. Each unit has living room, bedroom and bath. Landlord furnishes water. Corner lot.

Last Agent to Sell the Property

Carolyn Albright

SIMPSON REALTY License #0225139703 Listed on: 11/26/2019

Last Buyer's Agent

Ramsey Yeatts

RAMSEY YEATTS & ASSOCIATES, REALTORS License #0225104144

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $327

Year Built

  • Built in 1950

Lot Details

  • 0.27 Acre Lot

Home Design

  • Duplex
  • Composition Roof
  • Asbestos

Interior Spaces

  • 1,277 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • On-Street Parking
  • Open Parking

Schools

  • G.L.H. Johnson Elementary School
  • O. Trent Bonner Middle School
  • GWHS High School

Utilities

  • Window Unit Cooling System
  • Floor Furnace
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Gross Income $7,200

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 02220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$327

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.27
  • Subdivision Name: N/A
  • Directions: North Main to Third Ave.
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Owner Pays: Water
  • Total Bedrooms: 2
  • Flooring: Wood, Vinyl
  • Living Area: 1277

Exterior Features

  • Construction Type: Asbestos
  • Exterior Features: None
  • Property Condition: 41 to 75 Years Old
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Natural Gas, Floor Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: G.L.H. Johnson
  • High School: Gwhs
  • Middle Or Junior School: O. Trent Bonner

Lot Info

  • Lot Size Sq Ft: 11761.2
  • Parcel #: 02220
  • Zoning: OTR
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Lease Term: Month To Month

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 7200
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 327.2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2019
Closed on
Jun 12, 2020
Sold by
Jones Austin E
Bought by
A And D Danville Properties Llc
Seller's Agent
Carolyn Albright
SIMPSON REALTY
Buyer's Agent
Ramsey Yeatts
RAMSEY YEATTS & ASSOCIATES, REALTORS
List Price
$39,900
Sold Price
$30,500
Premium/Discount to List
-$9,400
-23.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.12%
Original Mortgage
$25,925
Outstanding Balance
$18,573
Interest Rate
2.75%
Mortgage Type
Credit Line Revolving
Estimated Equity
$144,632
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 Type Sale Price Title Company
Warranty Deed $30,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $25,925 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 For Sale $159,900 +424.3% $125 / Sq Ft
06/26/2020 06/26/20 Sold $30,500 -23.6% $24 / Sq Ft
05/27/2020 05/27/20 Pending -- -- --
11/26/2019 11/26/19 For Sale $39,900 -- $31 / Sq Ft
Source: Dan River Region 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
2024 $336 $40,500 $3,600 $36,900
2023 $273 $32,500 $3,600 $28,900
2022 $273 $32,500 $3,600 $28,900
2021 $264 $31,400 $3,600 $27,800
2020 $264 $31,400 $3,600 $27,800
2019 $344 $40,900 $3,600 $37,300
2018 $327 $40,900 $3,600 $37,300
2017 $376 $47,000 $5,400 $41,600
2016 $343 $47,000 $5,400 $41,600
2015 $347 $47,600 $5,400 $42,200
2014 $347 $47,600 $5,400 $42,200
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2025

    Dana Nelson

    ELIZABETH WARE REALTORS

  • C

    Seller's Agent in 2020

    Carolyn Albright

    SIMPSON REALTY

  • R

    Buyer's Agent in 2020

    Ramsey Yeatts

    RAMSEY YEATTS & ASSOCIATES, REALTORS

See All Agents

Map

Source: Dan River Region Association of REALTORS®

MLS Number: 60390

APN: 02220

Virginia Danville City County Danville 24540

504 3rd Ave Unit 506, Danville, VA

This home is located at 504 3rd Ave Unit 506, Danville, VA 24540 and is currently priced at $30,500, approximately $23 per square foot. This property was built in 1950. 504 3rd Ave Unit 506 is a home located in Danville City with nearby schools including Building Blocks Center for Children with Autism and Rivermont School - Dan River.

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