NOT LISTED FOR SALE

507 Butt St SW Unit 4 Abingdon, VA 24210

Estimated Value: $147,288 - $281,000

3 Beds
2 Baths
2,857 Sq Ft
$77/Sq Ft Est. Value

Last Sold March 03, 2023

Last sale price $123,500 $43 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $978/month

9 Days on Market

Highlights

  • Wood Flooring
  • Farmhouse Style Home
  • Paneling
  • E.B. Stanley Middle School Rated A-
  • Covered Patio or Porch
  • Studio bedroom

About This Home

As of March 2023

Opportunity combined with Location!!! This home has so many possibilities. You can make it one residence or keep it split into 5. This was 4 rental units with a beauty shop. When restored it would make a great rental or VRBO. It does need work and the price reflects the current condition. The utilities are currently off. SQFT has been estimated. Buyer / Buyer Agent to verify all information. Subject to E & O

Last Agent to Sell the Property

Tammy Wood

NextHome Magnolia Realty License #342046 Listed on: 02/06/2023

NextHome Magnolia Realty

Last Buyer's Agent

Sherri Roe

American Realty License #0225198257

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $150

Year Built

  • Built in 1889

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 146' x 123' x 147' x 123'
  • Level Lot

Home Design

  • Quadruplex
  • Farmhouse Style Home
  • Fixer Upper
  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Studio bedroom
  • 2,857 Sq Ft Home
  • 2-Story Property
  • Paneling
  • Unfinished Basement
  • Crawl Space
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Vinyl

Outdoor Features

  • Covered Patio or Porch

Schools

  • Abingdon Elementary School
  • E. B. Stanley Middle School
  • Abingdon High School

Community Details

  • 4 Units
  • Not Listed Subdivision

Listing and Financial Details

  • Assessor Parcel Number 018 12 15 000862

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$150

Year Built

Built in 1889

Lot Details

0

Listing Details

  • Directions: I-81N to exit 14 left on Old Jonesboro Rd, right on W Main St (0.5 mile) Right on Colonial Rd SW (0.9 mile) turn right on Butt St SW house will be on the right. Sign in yard
  • Prop. Type: Residential Income
  • Year Built: 1889
  • Property Sub Type: Quadruplex
  • Subdivision Name: Not Listed
  • Architectural Style: Farm House
  • Unit Levels: Two
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 018 12 15 000862
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.41
  • General Property Description Zoning2: R3
  • General Property Description Elementary School3: Abingdon
  • General Property Description Middle School2: E. B. Stanley
  • General Property Description High School3: Abingdon
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 146' x 123' x 147' x 123'
  • TopographyLot Description Level2: Yes
  • Flooring Hardwood: Yes
  • Roof Shingle: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Foundation Block6: Yes
  • Property Condition Fixer: Yes
  • Flooring Vinyl: Yes
  • Walls Paneling: Yes
  • General Property Description Total Units: 4
  • General Property Description Home Warranty2: No
  • Other Rooms Studio: Yes
  • Levels:Two: Yes
  • Special Features: None

Interior Features

  • Has Basement: Crawl Space, Unfinished
  • Flooring: Vinyl, Hardwood
  • Window Features: Single Pane Windows
  • Fireplace Features: See Remarks
  • Basement:Crawl Space: Yes
  • Basement:Unfinished: Yes

Exterior Features

  • Property Condition: Fixer
  • Roof: Shingle
  • Lot Features: Level
  • Acres: 0.41
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Block
  • Patio And Porch Features: Covered, Front Porch, Rear Porch, Side Porch
  • Exterior Finish Vinyl Siding: Yes
  • PorchPatioDeck Covered: Yes
  • PorchPatioDeck Front Porch: Yes
  • Window Features:Single Pane Windows: Yes
  • PorchPatioDeck Rear Porch: Yes
  • PorchPatioDeck Side Porch: Yes

Garage/Parking

  • Parking Features: None
  • Attached Garage: No

Utilities

  • Heating: See Remarks
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: See Remarks
  • Water Source: Public
  • Heating:See Remarks10: Yes

Schools

  • Elementary School: Abingdon
  • High School: Abingdon
  • Middle Or Junior School: E. B. Stanley

Lot Info

  • Zoning: R3
  • Lot Dimensions: 146' x 123' x 147' x 123'
  • Lot Size Sq Ft: 17859.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 018 12 15 000862
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2023
Closed on
Mar 3, 2023
Sold by
Judd Jeremy
Bought by
Way Nancy B
Seller's Agent
Tammy Wood
NextHome Magnolia Realty
Buyer's Agent
Sherri Roe
American Realty
List Price
$140,000
Sold Price
$123,500
Premium/Discount to List
-$16,500
-11.79%
Current Estimated Value
$177,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,590
Avg. Annual Appreciation
26.18%

Purchase Details

Closed on
Nov 6, 2020
Sold by
Rife John A and Brown Ellen G
Bought by
Judd Jeremy
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
Way Nancy B $123,500 --
Judd Jeremy $15,000 Rife John A
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2023 03/03/23 Sold $123,500 -11.8% $43 / Sq Ft
02/16/2023 02/16/23 Pending -- -- --
02/06/2023 02/06/23 For Sale $140,000 -- $49 / Sq Ft
Source: Tennessee/Virginia Regional 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 $150 $40,000 $35,000 $5,000
2024 $150 $25,000 $25,000 $0
2023 $150 $25,000 $25,000 $0
2022 $150 $25,000 $25,000 $0
2021 $150 $25,000 $25,000 $0
2019 $712 $113,000 $25,000 $88,000
2018 $712 $113,000 $25,000 $88,000
2017 $712 $113,000 $25,000 $88,000
2016 $709 $112,500 $25,000 $87,500
2015 $709 $112,500 $25,000 $87,500
2014 $709 $112,500 $25,000 $87,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9947974

Tennessee/Virginia Regional MLS

APN: 018-12-15