NOT LISTED FOR SALE

505 State St Bristol, VA 24201

Estimated Value: $702,397

3 Beds
2.5 Baths
7,465 Sq Ft
3,049 Sq Ft Lot

Last Sold February 11, 2022

Last sale price $529,000 $71 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $4,212/month

22 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Frame Window
  • Cooling Available
  • No HOA
  • Walk-In Closet
  • 1-minute walk to Cumberland Square Park

About This Home

As of February 2022

Great big, 4,600 sq ft condo located downtown on the second and third floors with a 2,700 sq ft. 1st floor store front which conveys with the property. Live above the store in this 4,600 sq ft totally remodeled condo in which you will find all new plumbing, wiring, bathrooms and kitchen. Open floorplan on the second floor with a wooden patio off the rear of the building for your grill. Huge master with giant walk-in room/closet, 2 more bedrooms and study/office upstairs on the 3rd floor. High ceilings and modern bright atmosphere with pool table, gas fireplace and remote lighting controls. You should be able to rent out the 1st floor store front for $1,400 - $1,700 per month. The store has 2 half baths, a large storage room and it includes the mechanical room. Most recently it was a music store with band stand in one corner.

Last Agent to Sell the Property

Frank Brown

Highlands Realty, Inc - Bristol License #0225082043 Listed on: 11/24/2021

Last Buyer's Agent

Non Member Non Member

Non Member Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,214

Year Built

  • Built in 1871

Lot Details

  • 3,049

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Fire Rated Drywall
  • Stucco Exterior

Interior Spaces

  • 7,465 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Factory Built Fireplace
  • Ventless Fireplace
  • Gas Log Fireplace
  • Wood Frame Window
  • Vinyl Flooring

Kitchen

  • Oven or Range
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Home Security

Schools

  • Washington-Lee Elementary School
  • Virginia Middle School
  • Virginia High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Natural Gas Connected
  • Gas Available
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Patio
  • Property is in good condition
  • In Flood Plain

Community Details

  • No Home Owners Association
  • Fire and Smoke Detector

Listing and Financial Details

  • Tax Lot 15

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,214

Year Built

Built in 1871

Lot Details

0

Listing Details

  • Property Sub Type: Condominium,Condo/Town House
  • Prop. Type: Residential
  • Lot Size Acres: 0.07
  • Lot Size: 23' x 123'
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Directions: I-81 to Exit 3 to the East end of State Street on the left #505-A single door to condo on right of the store front doors. Listing agent to accompany...no lockbox.
  • Above Grade Finished Sq Ft: 7465
  • Architectural Style: Contemporary
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 3
  • Structure Type: Condo
  • Year Built: 1871
  • ResoBuildingAreaSource: Appraiser
  • Kitchen Level: Second
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Range/Oven, Refrigerator, Dishwasher, Range Hood, Electric Water Heater
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Factory Built, Gas Log, Ventless
  • Fireplace: Yes
  • Flooring: Newer Floor Covering, Vinyl
  • Interior Amenities: Ceiling Fan(s), Walk-In Closet(s), Cable High Speed Internet
  • Living Area: 7465
  • Window Features: Wood Frames
  • ResoLivingAreaSource: Appraiser
  • Living Room Living Room Level: Second
  • Master Bedroom Master Bedroom Level: Third
  • Room Bedroom3 Level: Third
  • Bathroom 2 Level: Third
  • Room Bedroom2 Level: Third
  • Room Family Room Level: Third
  • Bathroom 1 Level: First
  • Bathroom Level: Third
  • Dining Room Dining Room Level: Second

Exterior Features

  • Lot Features: Flood Plain, Level
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Brick, Stucco, Dry Wall
  • Foundation Details: Slab
  • Patio And Porch Features: Patio
  • Property Condition: Exterior Condition: Good, Interior Condition: Very Good
  • Roof: Other

Garage/Parking

  • Attached Garage: No
  • Parking Features: None

Utilities

  • Laundry Features: Third Level
  • Security: Smoke Detector(s)
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Natural Gas Connected
  • Water Source: Public
  • Gas Company: Installed

Condo/Co-op/Association

  • Association: No

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Washington-Lee
  • High School: Virginia
  • Middle Or Junior School: Virginia

Lot Info

  • Lot Size Sq Ft: 3049.2
  • Zoning: B2
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 3213.99
  • Tax Lot: 15
  • Tax Map Number: 37-5-15
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2021
Closed on
Feb 11, 2022
Sold by
Sauls Conny W and Sauls Nancy M
Bought by
Buffalo Branch Llc
Seller's Agent
Frank Brown
Highlands Realty, Inc - Bristol
Buyer's Agent
Non Member Non Member
Non Member Office
List Price
$539,000
Sold Price
$529,000
Premium/Discount to List
-$10,000
-1.86%
Current Estimated Value
$702,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,397
Avg. Annual Appreciation
8.12%
Original Mortgage
$423,200
Outstanding Balance
$393,021
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$309,376

Purchase Details

Closed on
May 10, 2005
Sold by
Everett Donald F
Bought by
Sauls Conny W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,000
Interest Rate
6.01%
Mortgage Type
Land Contract Argmt. Of Sale
Source: Public Records

Range of Values:

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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
Buffalo Branch Llc $529,000 Law Office Of W Derek Malcolm
Sauls Conny W $149,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buffalo Branch Llc $423,200
Previous Owner Sauls Conny W $149,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2022 02/11/22 Sold $529,000 -1.9% $71 / Sq Ft
12/17/2021 12/17/21 Pending -- -- --
11/24/2021 11/24/21 For Sale $539,000 -- $72 / Sq Ft
Source: Southwest Virginia 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 $5,680 $610,800 $46,900 $563,900
2024 $3,077 $274,700 $25,000 $249,700
2023 $3,214 $274,700 $25,000 $249,700
2022 $3,077 $274,700 $25,000 $249,700
2021 $3,077 $274,700 $25,000 $249,700
2020 $3,214 $274,700 $25,000 $249,700
2019 $3,214 $274,700 $25,000 $249,700
2018 $1,560 $266,700 $25,000 $241,700
2016 -- $248,100 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Frank Brown

    Seller's Agent in 2022

    Frank Brown

    Highlands Realty, Inc - Bristol

    (276) 608-5282

    48 Total Sales

    Frank Brown
    Section Image

  • N

    Buyer's Agent in 2022

    Non Member Non Member

    Non Member Office

See All Agents

Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 80879

APN: 37-5-15

Virginia Bristol City County Bristol 24201

505 State St, Bristol, VA

This home is located at 505 State St, Bristol, VA 24201 since 24 November 2021 and is currently estimated at $702,397, approximately $94 per square foot. This property was built in 1871. 505 State St is a home located in Bristol City with nearby schools including Virginia High School, Brookside Academy, and Tennessee Avenue Christian Academy.

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