$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

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Range of Values:

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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.

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