NOT LISTED FOR SALE

506 Gray Ave Winchester, VA 22601

Estimated Value: $247,000 - $287,000

3 Beds
1 Bath
1,136 Sq Ft
$235/Sq Ft Est. Value

Last Sold October 27, 2017

Last sale price $115,000 $101 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $1,547/month

Highlights

  • Rambler Architecture
  • No HOA
  • Eat-In Kitchen
  • Wood Flooring
  • Porch
  • Built-In Features

About This Home

As of October 2017

Investment opportunity! 3 bedroom, 1 bath brick rancher with fenced rear yard and off-street parking. With some TLC and updates, this could be a real gem. Hardwood floors in several rooms. Floored attic with pull-down stairs for storage. Just a short walk to Old Town Winchester and easy access to Rt 7 and I-81. Selling As-Is. Cash, Conventional, or Reno loan.

Last Agent to Sell the Property

Eric Kronenwetter

(540) 533-3627 ekronenwetter@gmail.com RE/MAX Roots License #0225096704 Listed on: 07/07/2017

RE/MAX Roots

Last Buyer's Agent

LeeAnn Koonce Porter

(540) 550-5496 leeann@c21redwood.com Century 21 Redwood Realty

Century 21 Redwood Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $952

Year Built

  • Built in 1964

Lot Details

  • 4,692 Sq Ft Lot
  • Back Yard Fenced
  • Chain Link Fence
  • The property's topography is level
  • Property is zoned HR1

Home Design

  • Rambler Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,136 Sq Ft Home
  • Property has 1 Level
  • Built-In Features
  • Living Room
  • Wood Flooring
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Porch

Schools

  • Daniel Morgan Middle School
  • John Handley High School

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 787

Home Details

Home Type

Single Family

Est. Annual Taxes

$952

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Main
  • Year Built: 1964
  • Remarks Public: Investment opportunity! 3 bedroom, 1 bath brick rancher with fenced rear yard and off-street parking. With some TLC and updates, this could be a real gem. Hardwood floors in several rooms. Floored attic with pull-down stairs for storage. Just a short walk to Old Town Winchester and easy access to Rt 7 and I-81. Selling As-Is. Cash, Conventional, or Reno loan.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Refrigerator, Oven/Range - Electric, Exhaust Fan
  • Interior Amenities: Kitchen - Table Space, Built-Ins, Wood Floors
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Room List: Living Room, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1, Laundry
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1136
  • Living Area Sq Ft: 1136
  • Price Per Sq Ft: 114.00
  • Above Grade Finished Sq Ft: 1136
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 506

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street, Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: WINCHESTER CITY PUBLIC SCHOOLS
  • Middle School: DANIEL MORGAN
  • High School: JOHN HANDLEY
  • School District Key: 121141714472
  • High School: JOHN HANDLEY
  • Middle Or Junior School: DANIEL MORGAN

Lot Info

  • Fencing: Chain Link, Rear
  • Improvement Assessed Value: 75400.00
  • Land Assessed Value: 42500.00
  • Lot Size Acres: 0.11
  • Lot Size Area: 4692
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4692.00
  • Outdoor Living Structures: Porch(es)
  • Property Attached Yn: No
  • Topography: Level
  • Year Assessed: 2017
  • Zoning: HR1
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 951.86
  • Assessor Parcel Number: 787
  • Tax Total Finished Sq Ft: 1136
  • Tax Year: 2017
  • Close Date: 10/27/2017

MLS Schools

  • School District Name: WINCHESTER CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2017
Closed on
Oct 27, 2017
Sold by
Tru Properties Llc
Bought by
Vanvanlieu Thang Van
Seller's Agent
Eric Kronenwetter
RE/MAX Roots
Buyer's Agent
LeeAnn Koonce Porter
Century 21 Redwood Realty
List Price
$129,500
Sold Price
$115,000
Premium/Discount to List
-$14,500
-11.2%
Current Estimated Value
$266,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,776
Avg. Annual Appreciation
11.08%
Original Mortgage
$92,000
Outstanding Balance
$50,437
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$216,339
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
Vanvanlieu Thang Van $115,000 Old Towne Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vanvanlieu Thang Van $92,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2017 10/27/17 Sold $115,000 -11.2% $101 / Sq Ft
09/26/2017 09/26/17 Pending -- -- --
07/07/2017 07/07/17 For Sale $129,500 -- $114 / Sq Ft
Source: Bright MLS

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 $1,774 $223,200 $50,000 $173,200
2024 $1,657 $199,600 $50,000 $149,600
2023 $1,657 $199,600 $50,000 $149,600
2022 $1,372 $147,500 $50,000 $97,500
2021 $1,372 $147,500 $50,000 $97,500
2020 $1,166 $125,400 $50,000 $75,400
2019 $1,166 $125,400 $50,000 $75,400
2018 $1,012 $117,900 $42,500 $75,400
2017 $952 $117,900 $42,500 $75,400
2016 $952 $104,600 $42,500 $62,100
2015 $952 $104,600 $42,500 $62,100
2014 $909 $95,700 $42,500 $53,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000166009

Bright MLS

APN: 174-03-2