NOT LISTED FOR SALE

5040 Cottontown Rd Forest, VA 24551

Estimated Value: $504,000 - $583,000

4 Beds
4 Baths
4,900 Sq Ft
$110/Sq Ft Est. Value

About This Home

This home is located at 5040 Cottontown Rd, Forest, VA 24551 and is currently estimated at $539,256, approximately $110 per square foot. 5040 Cottontown Rd is a home located in Bedford County with nearby schools including Boonsboro Elementary School, Forest Middle School, and Jefferson Forest High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2023
Sold by
Severance Scott and Severance Amber
Bought by
Severance Family Living Trust and Severance
Current Estimated Value
$539,256

Purchase Details

Closed on
Sep 25, 2017
Sold by
Mills Jeffrey G and Mills Liberty C
Bought by
Severance Scott and Severance Amber

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,750
Interest Rate
3.86%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 24, 2016
Sold by
Beck Ralph H
Bought by
Mills Jeffrey G and Mills Liberty C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,707
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 22, 2010
Sold by
Rio Seco Roselio R and Rio Seco Lisa S
Bought by
Beck Ralph H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,250
Interest Rate
5.37%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Severance Family Living Trust -- None Listed On Document
Severance Scott $305,000 Attorney
Mills Jeffrey G $237,000 Absolute Title & Settlement
Beck Ralph H $259,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Severance Scott $228,750
Previous Owner Mills Jeffrey G $232,707
Previous Owner Beck Ralph H $194,250
Source: Public Records

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 $1,734 $423,000 $73,800 $349,200
2024 $1,734 $423,000 $73,800 $349,200
2023 $1,734 $211,500 $0 $0
2022 $1,529 $152,850 $0 $0
2021 $1,529 $305,700 $53,800 $251,900
2020 $1,529 $305,700 $53,800 $251,900
2019 $1,529 $305,700 $53,800 $251,900
2018 $1,111 $213,700 $43,300 $170,400
2017 $1,111 $213,700 $43,300 $170,400
2016 $1,071 $206,000 $35,600 $170,400
2015 $1,111 $213,700 $43,300 $170,400
2014 $1,180 $227,000 $37,000 $190,000
Source: Public Records

Map

Virginia Bedford County Forest 24551

5040 Cottontown Rd, Forest, VA

This home is located at 5040 Cottontown Rd, Forest, VA 24551 and is currently estimated at $539,256, approximately $110 per square foot. 5040 Cottontown Rd is a home located in Bedford County with nearby schools including Boonsboro Elementary School, Forest Middle School, and Jefferson Forest High School.

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