NOT LISTED FOR SALE

505 Forest St Martinsville, VA 24112

Estimated Value: $108,000 - $153,000

2 Beds
1 Bath
1,052 Sq Ft
$119/Sq Ft Est. Value

Last Sold June 12, 2024

Last sale price $155,000 $147 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $744/month

81 Days on Market

Highlights

  • Main Floor Bedroom
  • Double Pane Windows
  • Tile Flooring
  • Porch
  • Cooling Available
  • Storm Doors

About This Home

As of June 2024

This remodeled two bed, 1 bath cottage is awaiting it's next homeowner(s). If you've been looking for a move in ready home close to the city--look no further! The living room provides lots of natural light that gleams off the new driftwood gray LVP floors. The electric logs provide cozy ambiance on these cool spring evenings. Save on electricity with the new double pane windows. The living room is open to the dining room which is the center of the home and opens up to the kitchen where beauty abounds with light, neutral colors and stainless steel finishes. The beautiful white/gray hexagon tile back splash will catch your eyes and the large farmhouse sink has plenty of room for dishes on nights you cook a big meal. With the walk in shower and laundry being located on the main level this home is functional for all ages. Dreaming of a garden this Spring? This home has a beautiful 6ft wooden fence to keep wildlife out. This won't last long! Schedule your showing today! Sq ft/lot size est. Information taken from tax assessment and/or seller.

Last Agent to Sell the Property

Natalie Gongloff

The Spencer Group R.E. & Auction Brokerage Phone: 2766385222 License #0225244262 Listed on: 03/21/2024

Last Buyer's Agent

Non Member Office

Non Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $808

Year Built

  • Built in 1936

Lot Details

  • 0.29 Acre Lot
  • Fenced
  • Level Lot

Home Design

  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,052 Sq Ft Home
  • Self Contained Fireplace Unit Or Insert
  • Double Pane Windows
  • Blinds
  • Partial Basement
  • Electric Range

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Parking

  • Gravel Driveway
  • Open Parking

Outdoor Features

  • Porch

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Martinsville Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$808

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Subdivision Name: Martinsville
  • Carport Y N: No
  • Garage Yn: No
  • Year Built: 1936
  • Attribution Contact: 2766385222
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, As Is, Dryer, Electric Range, Refrigerator, Washer
  • Other Equipment: No Farm Equipment
  • Has Basement: Partial
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Fireplace Features: 1, Insert, Electric
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Laminate, Tile, Vinyl
  • Interior Amenities: 1st Floor Bedroom
  • Living Area: 1052
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level
  • Waterfront Features: No Surface Water
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Porch
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: None, Gravel Drive

Utilities

  • Laundry Features: Dryer Hookup, Washer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Utilities On
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 12458.16
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2024
Closed on
Jun 11, 2024
Sold by
Brewer Pamela Dawn
Bought by
Childress Myrna Yvonne
Seller's Agent
Natalie Gongloff
The Spencer Group R.E. & Auction
Buyer's Agent
Non Member Office
Non Member Office
List Price
$149,900
Sold Price
$155,000
Premium/Discount to List
$5,100
3.4%
Views
114
Current Estimated Value
$125,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,834
Avg. Annual Appreciation
0.14%
Original Mortgage
$156,565
Outstanding Balance
$155,303
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
-$32

Purchase Details

Closed on
Jul 6, 2018
Sold by
Richardson Wanda L
Bought by
Brewer Pamela Dawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,525
Interest Rate
4.6%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Childress Myrna Yvonne $155,000 Virginia Title Center
Brewer Pamela Dawn $26,500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Childress Myrna Yvonne $156,565
Previous Owner Brewer Pamela Dawn $40,000
Previous Owner Brewer Pamela Dawn $22,525
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2024 06/12/24 Sold $155,000 +3.4% $147 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
03/21/2024 03/21/24 For Sale $149,900 -- $142 / Sq Ft
Source: Martinsville, Henry & Patrick Counties 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 $808 $39,300 $6,000 $33,300
2023 $808 $39,300 $6,000 $33,300
2022 $312 $30,000 $6,000 $24,000
2021 $319 $30,000 $6,000 $24,000
2020 $319 $30,000 $6,000 $24,000
2019 $377 $30,000 $6,000 $24,000
2018 $387 $36,100 $6,000 $30,100
2017 $383 $36,100 $6,000 $30,100
2016 $1,969 $38,000 $6,000 $32,000
2015 $1,403 $38,000 $6,000 $32,000
2014 $404 $38,000 $6,000 $32,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Martinsville, Henry & Patrick Counties Association of REALTORS®

MLS Number: 141276

APN: 000772700