NOT LISTED FOR SALE

508 3rd Ave E Big Stone Gap, VA 24219

Estimated Value: $85,000 - $95,000

3 Beds
2 Baths
1,196 Sq Ft
$76/Sq Ft Est. Value

Last Sold August 07, 2023

Last sale price $25,000 $21 Per Sq Ft

Est. 265% increase in value since last sale

Current estimated payment $507/month

Highlights

  • Open Floorplan
  • Cottage
  • Double Pane Windows
  • No HOA
  • Covered Patio or Porch
  • Paneling

About This Home

As of August 2023

3 bedroom, 2 full bath, 1196 sq.ft. vinyl sided cottage with metal roof on a nice level lot within walking distance of all town amenities. Large living room, kitchen, and dining room.
Huge laundry/storage room with exterior entrance from back yard. Great rental history. Heat pump, public water and sewer. On street and off-street parking in front with off street parking from alley in back.

Last Agent to Sell the Property

Brenda Hill

Appalachian Realty Executives, LLC License #0225080332,310750 Listed on: 05/10/2023

Appalachian Realty Executives, LLC

Last Buyer's Agent

Linda Massengill

Re/Max Action Associates

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 60' x 100'
  • Level Lot
  • Cleared Lot
  • Property is in below average condition

Home Design

  • Cottage
  • Block Foundation
  • Metal Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,196 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Paneling
  • Double Pane Windows
  • Vinyl Flooring

Kitchen

  • Electric Range
  • Laminate Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Exterior Basement Entry
  • Dirt Floor
  • Block Basement Construction
  • Crawl Space

Outdoor Features

  • Covered Patio or Porch

Schools

  • Union Elementary And Middle School
  • Union High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 000438

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Directions: From US 23, turn onto Big Stone Exit #1 near Mountain Empire Community College. Turn left onto US Business 23. At traffic light #3, turn right onto E 5th St. Continue through town to 3rd Ave E (beside Dairy Queen). Turn right. Property is the first house on the right beside Dairy Queen.
  • Prop. Type: Residential
  • Year Built: 1950
  • Property Sub Type: Single Family Residence
  • Subdivision Name: Not In Subdivision
  • Architectural Style: Cottage
  • Unit Levels: One
  • New Construction: No
  • Reso Structure Type: House
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.2
  • General Property Description Zoning2: RESIDENTIAL
  • General Property Description Elementary School3: Union
  • General Property Description Middle School2: Union
  • General Property Description High School3: Union
  • General Property Description HOA YN: No
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 60' X 100'
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 1196.0
  • General Property Description Above Grade SqFt: 1196.0
  • TopographyLot Description Level2: Yes
  • General Property Description Parcel ID2: 000438
  • AC Heat Pump3: Yes
  • Utilities Cable Connected: Yes
  • Foundation Block6: Yes
  • TopographyLot Description Cleared: Yes
  • Roof Metal3: Yes
  • Flooring Vinyl: Yes
  • Walls Paneling: Yes
  • Basement Block4: Yes
  • Foundation Concrete Perimeter: Yes
  • Property Condition Below Average: Yes
  • Levels One: Yes
  • Structure Type:House: Yes
  • Special Features: None

Interior Features

  • Appliances: Electric Range
  • Has Basement: Block, Concrete, Crawl Space, Dirt Floor, Exterior Entry
  • Flooring: Vinyl
  • Interior Amenities: Laminate Counters, Open Floorplan
  • Window Features: Double Pane Windows
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • General Property Description Baths - Full: 2
  • Interior Features:Laminate Counters: Yes
  • Basement:Exterior Entry: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Electric Range: Yes
  • Basement:Crawl Space: Yes
  • Basement:Concrete3: Yes
  • Basement:Dirt Floor: Yes

Exterior Features

  • Property Condition: Below Average
  • Roof: Metal
  • Acres: 0.2
  • Topography: Cleared, Level
  • Home Warranty: No
  • Construction Type: Block, Vinyl Siding
  • Foundation Details: Block, Concrete Perimeter
  • Patio And Porch Features: Covered, Front Porch
  • Exterior Finish Vinyl Siding: Yes
  • Window Features:Double Pane Windows: Yes
  • PorchPatioDeck Covered: Yes
  • PorchPatioDeck Front Porch: Yes

Garage/Parking

  • Parking Features: See Remarks
  • Parking Features:See Remarks22: Yes

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Utilities: Cable Connected
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Union
  • High School: Union
  • Middle Or Junior School: Union

Lot Info

  • Zoning: RESIDENTIAL
  • Lot Dimensions: 60' X 100'
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 000438
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2023
Closed on
Jun 22, 2023
Sold by
Reid Meriam and Salver Melanie
Bought by
Makarewicz Michael A
Seller's Agent
Brenda Hill
Appalachian Realty Executives, LLC
Buyer's Agent
Linda Massengill
Re/Max Action Associates
List Price
$45,000
Sold Price
$25,000
Premium/Discount to List
-$20,000
-44.44%
Current Estimated Value
$91,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,254
Avg. Annual Appreciation
71.13%

Purchase Details

Closed on
Sep 19, 2018
Sold by
Jackson Larry
Bought by
Reid Meriam F
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Makarewicz Michael A $25,000 None Listed On Document
Reid Meriam F -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2023 08/07/23 Sold $25,000 -44.4% $21 / Sq Ft
05/09/2023 05/09/23 Pending -- -- --
05/09/2023 05/09/23 For Sale $45,000 -- $38 / 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 $356 $51,600 $10,000 $41,600
2024 $356 $51,600 $10,000 $41,600
2023 $356 $51,600 $10,000 $41,600
2022 $356 $51,600 $10,000 $41,600
2021 $343 $49,700 $10,000 $39,700
2020 $343 $49,700 $10,000 $39,700
2019 $343 $49,700 $10,000 $39,700
2018 $308 $49,700 $10,000 $39,700
2017 $296 $49,700 $10,000 $39,700
2016 $296 $49,300 $10,000 $39,300
2015 -- $49,300 $10,000 $39,300
2010 -- $49,300 $10,000 $39,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9951594

Tennessee/Virginia Regional MLS

APN: R000438