NOT LISTED FOR SALE

507 Monticello Ln Blacksburg, VA 24060

Hethwood-Prices Fork Neighborhood

Estimated Value: $704,000 - $743,000

5 Beds
3.5 Baths
3,480 Sq Ft
$209/Sq Ft Est. Value

Last Sold October 07, 2020

Last sale price $520,000 $149 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $4,267/month

4 Days on Market

Highlights

  • Colonial Architecture
  • Family Room with Fireplace
  • Double Oven
  • Blacksburg High School Rated A
  • Private Yard
  • Wet Bar

About This Home

As of October 2020

This lovely Blacksburg home in Stroubles Mill is sure to charm! Built in 1974, this colonial home features many updates and well manicured details. 5-Bed, 3.5-Bath, and over 3,000 square feet of finished space. Enjoy the tranquil atmosphere from the landscaping to the screened in porch and brick pathways in the private yard. Two-Story home with recently renovated basement (2015) to include a kitchen with wet-bar and full bathroom. The master-suite upstairs has a beautifully updated bathroom with tile shower, granite counter top, and heated floor. Kitchen features ideal cabinets, two ovens and an eat-at-island with granite counter top. Laundry is on the main floor. One gas-log fireplace and one wood burning fireplace. Double attached garage and storage shed in the back yard. This home will not last long!

Last Agent to Sell the Property

Amy Hudson

RE/MAX 8 - Blacksburg License #225037894 Listed on: 08/07/2020

RE/MAX 8 - Blacksburg

Last Buyer's Agent

Ryan McCollum

Long & Foster - Blacksburg License #0225222068

Long & Foster - Blacksburg

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,654

Year Built

  • Built in 1974

Lot Details

  • Private Yard
  • Property is in very good condition

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Vinyl Trim

Interior Spaces

  • 3,480 Sq Ft Home
  • Wet Bar
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Pull Down Stairs to Attic
  • Laundry on main level

Kitchen

  • Double Oven
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3.5 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Fireplace in Basement
  • 1 Bathroom in Basement
  • 1 Bedroom in Basement

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Storage Shed

Utilities

  • Heat Pump System
  • Heating System Powered By Leased Propane
  • Electric Water Heater

Community Details

  • Property has a Home Owners Association
  • Association fees include common area maintenance, pool maintenance

Listing and Financial Details

  • Assessor Parcel Number 010213

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,654

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Appearance: Very Good
  • Estimated Total Finished Sq Ft: 3480
  • Estimated Upper Finished Sq Ft: 1160
  • Class: Residential
  • County Or City: Montgomery
  • Is The Power On: Yes
  • Is The Water On: Yes
  • Legal Description: STROUBLES MILL SUBD LOT 35
  • Lvt Date: 08/07/2020
  • Miscellaneous: Propane Tank- Leased
  • Number Rooms: 8
  • Parcel Nbr: 010213
  • Property Sub Type: Detached
  • Bathrooms in the Basement: 1
  • Number of Upper Level Bathrooms: 2
  • Room Level Bedrooms Bsmt: 1
  • Room Level Bedrooms Uppe: 4
  • Main Level Half Bathrooms: 1
  • Style Structure Home: Colonial
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Appliances: Dishwasher, Double Oven, Microwave, Range/Electric, Refrigerator
  • Attic: Pull Down Stairs
  • Basement: Finished, Full
  • Bedrooms: 5
  • Fireplace: Basement, Family Room, Living Room, Woodburning
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Laundry On Main, Wet Bar

Exterior Features

  • Exterior Features: Concrete Driveway, Private Yard, Storage Shed
  • Exterior Finish: Brick, Vinyl

Garage/Parking

  • Garage Carport: Double Attached

Utilities

  • Air Conditioner: Heat Pump
  • Heating: Heat Pump
  • Sewer: Public System
  • Water: Public Water

Condo/Co-op/Association

  • HOA: Home Owners Assoc
  • HOA Fee Includes: Common Area Maint, Pool Maintenance

Schools

  • School District: Montgomery County
  • Elementary School: Kipps
  • Middle School: Blacksburg
  • High School: Blacksburg

Lot Info

  • Land Description: Subdivision

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2020
Closed on
Oct 7, 2020
Sold by
Head J Thomas
Bought by
Mccollum Randy W and Mccollum Donya D
Seller's Agent
Amy Hudson
RE/MAX 8 - Blacksburg
Buyer's Agent
Ryan McCollum
Long & Foster - Blacksburg
List Price
$499,999
Sold Price
$520,000
Premium/Discount to List
$20,001
4%
Current Estimated Value
$711,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,925
Avg. Annual Appreciation
7.17%
Original Mortgage
$416,000
Outstanding Balance
$371,678
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$355,389

Purchase Details

Closed on
Jan 1, 1991
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
Mccollum Randy W $520,000 Fidelity National Title
-- $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccollum Randy W $416,000
Previous Owner Head John Thomas $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2020 10/07/20 Sold $520,000 +4.0% $149 / Sq Ft
08/11/2020 08/11/20 Pending -- -- --
08/07/2020 08/07/20 For Sale $499,999 -- $144 / Sq Ft
Source: New River Valley 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
2025 $4,654 $612,400 $100,000 $512,400
2024 $4,593 $612,400 $100,000 $512,400
2023 $4,287 $612,400 $100,000 $512,400
2022 $3,731 $419,200 $85,000 $334,200
2021 $3,731 $419,200 $85,000 $334,200
2020 $3,350 $376,400 $85,000 $291,400
2019 $3,350 $376,400 $85,000 $291,400
2018 $2,977 $334,500 $85,000 $249,500
2017 $2,977 $334,500 $85,000 $249,500
2016 $2,977 $334,500 $85,000 $249,500
2015 $2,977 $334,500 $85,000 $249,500
2014 $3,025 $339,900 $85,000 $254,900
Source: Public Records

Agents Affiliated with this Home

  • Amy Hudson

    Seller's Agent in 2020

    Amy Hudson

    RE/MAX

    (540) 320-5498

    20 in this area

    468 Total Sales

    Section Image
  • Ryan McCollum

    Buyer's Agent in 2020

    Ryan McCollum

    Long & Foster - Blacksburg

    (540) 449-9733

    5 in this area

    127 Total Sales

    Section Image
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Map

Source: New River Valley Association of REALTORS®

MLS Number: 409492

New River Valley Association of REALTORS®

APN: 010213

Virginia Montgomery County Blacksburg 24060 Hethwood-Prices Fork

507 Monticello Ln, Blacksburg, VA

This home is located at 507 Monticello Ln, Blacksburg, VA 24060 since 07 August 2020 and is currently estimated at $727,067, approximately $208 per square foot. This property was built in 1974. 507 Monticello Ln is a home located in Montgomery County with nearby schools including Kipps Elementary School, Blacksburg Middle School, and Blacksburg 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.

New River Valley Association of REALTORS® 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.

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