506 5th St Martinsville, VA 24112
3
Beds
1.5
Baths
1,194
Sq Ft
10,454
Sq Ft Lot
Highlights
- Wood Flooring
- 1 Attached Carport Space
- Heating Available
- No HOA
- Central Air
About This Home
As of January 2025Nestled in the heart of a peaceful neighborhood at 506 5th St, Martinsville, VA 24112, this charming single-family home offers the perfect blend of tranquility and space. Featuring 3 bedrooms, 1 full bathroom, and a half bath, this residence is ideal for comfortable living. It also includes a new washer and dryer. The spacious layout features a partially finished basement, offering potential for two additional bedrooms.
Outdoor amenities include a porch and a deck, perfect for relaxing or entertaining. Enjoy the convenience of carport and off-street parking.
With easy access to grocery stores, pharmacies, and clothing shops, this home provides everything you need for a convenient lifestyle. Friendly neighbors and a serene environment make this the perfect place to call home.
The area is conveniently located between Danville, Greensboro, and Roanoke.
This house is being sold with a tenant paying $725 per month on a month-to-month lease.
Last Agent to Sell the Property
SSG Real Estate LLC. License #0225194839 Listed on: 07/02/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $822
Year Built
- Built in 1968
Lot Details
- 10,454 Sq Ft Lot
- Property is zoned R-N
Home Design
- Brick Exterior Construction
Interior Spaces
- 1,194 Sq Ft Home
- Property has 1 Level
- Partially Finished Basement
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
Laundry
- Dryer
- Washer
Parking
- 1 Parking Space
- 1 Attached Carport Space
- Off-Street Parking
Utilities
- Central Air
- Heating Available
- Natural Gas Water Heater
Community Details
- No Home Owners Association
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 30, 2024
Closed on
Jan 30, 2025
Sold by
Next Stage Home Renovations Llc
Bought by
Scales Christina Diana and Scales Phyllis A
Seller's Agent
Schenita Dillard
KW Martinsville
Buyer's Agent
Schenita Dillard
KW Martinsville
List Price
$135,000
Sold Price
$125,000
Premium/Discount to List
-$10,000
-7.41%
Views
11
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,025
Avg. Annual Appreciation
-26.28%
Original Mortgage
$122,735
Outstanding Balance
$122,522
Interest Rate
6.72%
Mortgage Type
FHA
Estimated Equity
-$13,547
Purchase Details
Listed on
Jul 2, 2024
Closed on
Jul 30, 2024
Sold by
Ayr Properties Sep Llc
Bought by
Next Stage Home Renovations Llc
Seller's Agent
Avi Ron
SSG Real Estate LLC.
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$99,000
Sold Price
$75,000
Premium/Discount to List
-$24,000
-24.24%
Views
27
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
167.07%
Purchase Details
Closed on
Apr 21, 2020
Sold by
Jones Charisse
Bought by
Ayr Properties Sep Llc
Purchase Details
Closed on
Jul 5, 2012
Sold by
Martin Brayn R
Bought by
Goode Felicia M
Similar Homes in Martinsville, VA
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $125,000 | None Listed On Document | |
| Deed | $75,000 | Commonwealth Land Title | |
| Warranty Deed | $17,500 | Attorney | |
| Warranty Deed | $11,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $122,735 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/30/2025 01/30/25 | Sold | $125,000 | -7.4% | $70 / Sq Ft |
| 12/30/2024 12/30/24 | Pending | -- | -- | -- |
| 12/30/2024 12/30/24 | For Sale | $135,000 | +80.0% | $75 / Sq Ft |
| 07/26/2024 07/26/24 | Sold | $75,000 | -24.2% | $63 / Sq Ft |
| 07/02/2024 07/02/24 | For Sale | $99,000 | -- | $83 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | -- | $83,000 | $6,000 | $77,000 |
| 2023 | $822 | $83,000 | $6,000 | $77,000 |
| 2022 | $624 | $60,000 | $6,000 | $54,000 |
| 2021 | $624 | $60,000 | $6,000 | $54,000 |
| 2020 | $637 | $60,000 | $6,000 | $54,000 |
| 2019 | $637 | $60,000 | $6,000 | $54,000 |
| 2018 | $622 | $58,600 | $6,000 | $52,600 |
| 2017 | $622 | $58,600 | $6,000 | $52,600 |
| 2016 | $329 | $62,000 | $6,000 | $56,000 |
| 2015 | $48 | $62,000 | $6,000 | $56,000 |
| 2014 | $9 | $62,300 | $6,000 | $56,300 |
Source: Public Records
Agents Affiliated with this Home
-
Schenita Dillard
Seller's Agent in 2025
Schenita Dillard
KW Martinsville
(276) 790-4985
62 Total Sales
-
Avi Ron
Seller's Agent in 2024
Avi Ron
SSG Real Estate LLC.
(202) 596-9349
248 Total Sales
-
datacorrect BrightMLS
d
Buyer's Agent in 2024
datacorrect BrightMLS
Non Subscribing Office
Map
Source: Bright MLS
MLS Number: VAHE2000018
APN: 000254200
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