NOT LISTED FOR SALE

509 Gate Rd Madison, VA 22727

Estimated Value: $294,000 - $357,000

3 Beds
1 Bath
1,144 Sq Ft
$276/Sq Ft Est. Value

Last Sold May 13, 2016

Last sale price $150,000 $131 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $1,806/month

133 Days on Market

Highlights

  • Deck
  • Main Floor Bedroom
  • Living Room
  • Rambler Architecture
  • No HOA
  • Laundry Room

About This Home

As of May 2016

Low maintenance vinyl sided rambler located in rural setting. Kitchen with dining area with doors leading to rear deck. Front and side stoops.

Last Agent to Sell the Property

Norma Gibbs

Long & Foster Real Estate, Inc. License #0225136110 Listed on: 12/15/2015

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Wendy Kamal

CENTURY 21 New Millennium

CENTURY 21 New Millennium

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,248

Year Built

  • Built in 2001

Lot Details

  • 4.86 Acre Lot
  • Property is in very good condition

Parking

  • Off-Street Parking

Home Design

  • Rambler Architecture
  • Vinyl Siding

Interior Spaces

  • Property has 1 Level
  • Living Room
  • Combination Kitchen and Dining Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Outdoor Features

  • Deck
  • Shed

Utilities

  • Electric Baseboard Heater
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 60F
  • Assessor Parcel Number 40- - - -60F

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,248

Year Built

Built in 2001

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: 2001
  • Remarks Public: Low maintenance vinyl sided rambler located in rural setting. Kitchen with dining area with doors leading to rear deck. Front and side stoops.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only
  • Interior Amenities: Combination Kitchen/Dining, Entry Level Bedroom
  • Fireplace: No
  • Entry Location: Living Room
  • Levels Count: 1
  • Room List: Living Room, Bedroom 2, Bedroom 3, Kitchen, Laundry, Bedroom 6
  • Basement: No
  • Living Area Units: Square Feet
  • Street Number Modifier: 509

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: Shed
  • Other Structures List: Shed
  • Construction Materials: Vinyl Siding
  • 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: Off Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 86800.00
  • Land Assessed Value: 96700.00
  • Lot Size Acres: 4.86
  • Lot Size Area: 211527
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 211527.00
  • Outdoor Living Structures: Deck(s)
  • Property Attached Yn: No
  • Property Condition: Very Good
  • Year Assessed: 2013

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16276053
  • Tax Annual Amount: 1247.80
  • Assessor Parcel Number: 40- - - -60F
  • Tax Lot: 60F
  • Tax Page Number: 10
  • Tax Total Finished Sq Ft: 1144
  • County Tax Payment Frequency: Annually
  • Tax Year: 2015
  • Close Date: 05/13/2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2015
Closed on
May 12, 2016
Sold by
Branch Banking And Trust Company
Bought by
Aucion Stacey and Clark Shane
Seller's Agent
Norma Gibbs
Long & Foster Real Estate, Inc.
Buyer's Agent
Wendy Kamal
CENTURY 21 New Millennium
List Price
$173,500
Sold Price
$150,000
Premium/Discount to List
-$23,500
-13.54%
Current Estimated Value
$315,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,212
Avg. Annual Appreciation
8.05%

Purchase Details

Closed on
Nov 25, 2015
Sold by
Samuel I White Pc A Professional Corpora and Corbin Gregory Wayne
Bought by
Branch Banking And Trust Company

Purchase Details

Listed on
Mar 6, 2014
Closed on
May 23, 2014
Sold by
Harris Asa J and Harris Beverly D
Bought by
Corbin Gregory Wayne
Seller's Agent
Carl Broyles
Montague, Miller & Company
Buyer's Agent
Carl Broyles
Montague, Miller & Company
List Price
$179,000
Sold Price
$173,000
Premium/Discount to List
-$6,000
-3.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.26%
Original Mortgage
$168,367
Interest Rate
4.33%
Mortgage Type
New Conventional
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
Aucion Stacey $150,000 Stewart Title Guaranty Co
Branch Banking And Trust Company $126,650 None Available
Corbin Gregory Wayne $173,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Corbin Gregory Wayne $168,367
Previous Owner Harris Asa J $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2016 05/13/16 Sold $150,000 -13.5% $131 / Sq Ft
04/26/2016 04/26/16 Pending -- -- --
02/18/2016 02/18/16 For Sale $173,500 0.0% $152 / Sq Ft
01/07/2016 01/07/16 Pending -- -- --
12/15/2015 12/15/15 For Sale $173,500 +0.3% $152 / Sq Ft
05/23/2014 05/23/14 Sold $173,000 -3.4% $151 / Sq Ft
04/11/2014 04/11/14 Pending -- -- --
03/06/2014 03/06/14 For Sale $179,000 -- $156 / 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
2024 $1,228 $165,900 $74,000 $91,900
2023 $1,228 $165,900 $74,000 $91,900
2022 $1,231 $166,400 $74,000 $92,400
2021 $1,231 $166,400 $74,000 $92,400
2020 $1,181 $166,400 $74,000 $92,400
2019 $1,263 $166,400 $74,000 $92,400
2018 $1,263 $185,700 $96,700 $89,000
2017 $1,263 $185,700 $96,700 $89,000
2016 -- $183,500 $96,700 $86,800
2015 -- $183,500 $96,700 $86,800
2014 -- $183,500 $96,700 $86,800
Source: Public Records

Agents Affiliated with this Home

  • Norma Gibbs

    Seller's Agent in 2016

    Norma Gibbs

    Long & Foster

    (540) 229-9026

    48 Total Sales

    Norma Gibbs
    Section Image
  • Wendy Kamal

    Buyer's Agent in 2016

    Wendy Kamal

    Century 21 New Millennium

    (703) 343-6929

    2 Total Sales

    Wendy Kamal
    Section Image
  • Carl Broyles

    Seller's Agent in 2014

    Carl Broyles

    Montague, Miller & Company

    (540) 948-9974

    130 Total Sales

    Carl Broyles
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000402337

Bright MLS

APN: 40-60F

Virginia Madison County Madison 22727

509 Gate Rd, Madison, VA

This home is located at 509 Gate Rd, Madison, VA 22727 since 15 December 2015 and is currently estimated at $315,212, approximately $275 per square foot. This property was built in 2001. 509 Gate Rd is a home located in Madison County with nearby schools including Madison Primary School, Waverly Yowell Elementary School, and William H. Wetsel Middle School.

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