$125,000
SOLD JAN 30, 2025

506 5th St Martinsville, VA 24112

3 Beds
2 Baths
1,791 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$70 Per Sq Ft

7% Below List Price

Highlights

  • Wood Flooring
  • Central Air
  • Heat Pump System
  • Porch
  • Level Lot

About This Home

As of January 2025

Looking for a great first time home or investment property? Look no further! With a bonus room in the basement, this home has endless potential. Schedule your showing today!

Last Agent to Sell the Property

Schenita Dillard

KW Martinsville Brokerage Phone: 2767887653 License #0225253967 Listed on: 12/30/2024

KW Martinsville

Last Buyer's Agent

Schenita Dillard

KW Martinsville Brokerage Phone: 2767887653 License #0225253967 Listed on: 12/30/2024

KW Martinsville

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1968

Lot Details

  • 10,454 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 1,791 Sq Ft Home
  • Wood Flooring
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Carport

Outdoor Features

  • Porch

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • Martinsville Subdivision

Home Details

Home Type

Single Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Subdivision Name: Martinsville
  • Carport Y N: Yes
  • Garage Yn: No
  • Year Built: 1968
  • Attribution Contact: 2767887653
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, As Is
  • Other Equipment: No Farm Equipment
  • Has Basement: Partially Finished
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: None, Electric
  • Fireplace: No
  • Flooring: Wood
  • Living Area: 1791

Exterior Features

  • Lot Features: Level, Open Lot
  • Waterfront Features: No Surface Water
  • Home Warranty: No
  • Construction Type: Brick
  • Patio And Porch Features: Porch
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Parking Features: Carport Single
  • Total Parking Spaces: 1

Utilities

  • Cooling: Central-Electric
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 10454.4

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
$108,975

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
Source: Public Records

Similar Homes in Martinsville, VA

  • 204 Holt St, Martinsville, VA 24112

    $127,900

    • 3 Beds
    • 1.5 Baths
    • 848 Sq Ft
    • 204 Holt St
    • Martinsville, VA

    Investor Opportunity in Martinsville! This 3 bedroom, 1.5 bath home, built in 1942, is already income-producing and tenant-occupied. With approx. 848 sq.ft., it offers a manageable footprint with updated features that make it low maintenance and appealing to renters. Recent upgrades include modern flooring, updated lighting fixtures, and energy-efficient double-pane windows. the exterior trim

    Angie Ancheta Piedmont Realty

    Section Image
  • 121 Inman St, Martinsville, VA 24112

    $94,900

    • 2 Beds
    • 1 Bath
    • 936 Sq Ft
    • 121 Inman St
    • Martinsville, VA

    Are you ready to venture into investing in YOUR future and build equity? This charming brick and aluminum siding ranch-style home offers one level living. With two bedrooms and one full bath, it's the perfect size for first-time buyers, those downsizing, or anyone seeking a manageable, cozy space. The interior features hardwood floors that run throughout most of the home while the kitchen is

    Angie Ancheta Piedmont Realty

    Section Image
  • 511 3rd St, Martinsville, VA 24112

    $134,900

    • 3 Beds
    • 2 Baths
    • 1,144 Sq Ft
    • 511 3rd St
    • Martinsville, VA

    Modern Elegance Meets Classic Charm – Fully Renovated Painted White Stone Beauty! Welcome to this 3-bedroom, 2-bath home, where timeless painted white stone exterior meets fully renovated interiors. Step inside to discover a bright, open layout with stylish finishes and thoughtful updates throughout. The main level features a modernized kitchen, beautifully renovated baths, and warm, welcoming

    Priscilla Oropeza Divine Fog Realty Company

    Section Image
  • 903 B St, Martinsville, VA 24112

    $100,000

    • 2 Beds
    • 1 Bath
    • 850 Sq Ft
    • 903 B St
    • Martinsville, VA

    Investor or First-Time Buyer Special! Charming ranch-style home located within walking distance to the Uptown Historic District. Enjoy easy access to nearby shopping, dining, and local attractions. Some modern updates have already been made, offering a great head start for customization. Handicap accessible and full of potential! Perfect as a starter home or investment property!

    Katresha Cartwright EXP Realty LLC

    Section Image
  • 1669 Roundabout Rd, Martinsville, VA 24112

    $125,000

    • 3 Beds
    • 1 Bath
    • 1,112 Sq Ft
    • 1669 Roundabout Rd
    • Martinsville, VA

    Welcome Home! Move-In Ready 3Bed/1Bath Home, 0.21 acre, Located near All Amenities! Many Updates include: Flooring, Fresh Paint, Ductless Heating & Cooling systems. Public Water/Sewer. *MAKE AN OFFER!*

    Carson Parcell MKB, REALTORS

    Section Image
  • 1011 Roundabout Rd, Martinsville, VA 24112

    $99,900

    • 4 Beds
    • 1.5 Baths
    • 1,604 Sq Ft
    • 1011 Roundabout Rd
    • Martinsville, VA

    DONT MISS THIS ONE! Situated on a beautiful corner lot, this property offers both charm and convenience. This spacious property is ideally located to shops in businesses while residing in a beautiful neighborhood. With 5 bedrooms and a potential 6th-and 1.5 baths the home bursts a versatile layout to fit your needs. Whether you're looking for a large family home or investment property this home's

    Taylor Johnson MAC WESTLAND REAL ESTATE GROUP

    Section Image
  • 1011 Roundabout Rd, Martinsville, VA 24112

    $99,900

    • 5 Beds
    • 1.5 Baths
    • 1,604 Sq Ft
    • 1011 Roundabout Rd
    • Martinsville, VA

    Situated on a beautiful corner lot, this property offers both charm and convenience. This spacious property is ideally located to shops in businesses while residing in a beautiful neighborhood. With 5 bedrooms and a potential 6th-and 1.5 baths the home bursts a versatile layout to fit your needs. Whether you're looking for a large family home or investment property this home's prime location and

    Taylor Johnson Mac Westland Real Estate Group

    Section Image
  • 109 1/2 Emmett St, Martinsville, VA 24112

    $112,000

    • 2 Beds
    • 1 Bath
    • 720 Sq Ft
    • 109 1/2 Emmett St
    • Martinsville, VA

    Welcome to 109 1/2 Emmette Street in Martinsville! This charming cottage is a great starter home and conveniently located near shopping, Martinsville Uptown, and various amenities. The bathroom was remodeled in 2023, and a new breaker box was installed in 2024. The refrigerator is new, and the washer and dryer are two years old. Off of the kitchen is a covered porch, providing storage space and

    Barbara Waldron Berry-Elliott, REALTORS

    Section Image
  • 715 Carter St, Martinsville, VA 24112

    $145,000

    • 3 Beds
    • 1 Bath
    • 1,176 Sq Ft
    • 715 Carter St
    • Martinsville, VA

    This delightful 3-bedroom, 1-bath home offers the ease of one-level living with two additional bedrooms upstairs, perfect for guests, a home office, or extra storage. Situated on a corner lot and just minutes from shopping, dining, and more, you'll enjoy both convenience and charm. Start your day on the peaceful front porch, ideal for relaxing and taking in the neighborhood. The home comes with

    Priscilla Oropeza Divine Fog Realty Company

    Section Image
See All Homes in Martinsville

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 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: 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 -- $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

    Schenita Dillard
    Section Image
  • Avi Ron

    Seller's Agent in 2024

    Avi Ron

    SSG Real Estate LLC.

    (202) 596-9349

    246 Total Sales

    Avi Ron
    Section Image
See All Agents

Map

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

MLS Number: 144368

APN: 000254200

Virginia Martinsville County Martinsville 24112

506 5th St, Martinsville, VA

This home is located at 506 5th St, Martinsville, VA 24112 and is currently priced at $125,000, approximately $69 per square foot. This property was built in 1968. 506 5th St is a home located in Martinsville City with nearby schools including Albert Harris Elementary School, Martinsville Middle School, and Martinsville High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes