NOT LISTED FOR SALE

509 Rives Rd Martinsville, VA 24112

Estimated Value: $52,000 - $87,000

3 Beds
1 Bath
955 Sq Ft
$73/Sq Ft Est. Value

Last Sold March 14, 2018

Last sale price $13,000 $14 Per Sq Ft

Est. 434% increase in value since last sale

Current estimated payment $393/month

93 Days on Market

Highlights

  • Wood Flooring
  • Bathroom on Main Level
  • Heat Pump System
  • Main Floor Bedroom

About This Home

As of March 2018

Property is eligible under the FREDDIE MAC FIRST LOOK PERIOD until 11-27-2017(Mid-night), NO investor offers until 11-28-2017. This property is marketed AS-IS. NO Repair . Older charming home featuring 3 bedrooms , 1 bath, Needs TLC . Buyer to verify all information. Information was taken off tax card. Seller will not complete any repairs to the subject property, either lender or buyer requested. The property is sold in as is condition

Last Agent to Sell the Property

Helen McKenzie

Jacobs Real Estate of the Piedmont Brokerage Phone: 4347934840 License #0225105768 Listed on: 11/07/2017

Last Buyer's Agent

Helen McKenzie

Jacobs Real Estate of the Piedmont Brokerage Phone: 4347934840 License #0225105768 Listed on: 11/07/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $212

Year Built

  • Built in 1935

Lot Details

  • 9,148 Sq Ft Lot
  • Property is zoned R1

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 955 Sq Ft Home
  • Crawl Space

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 1 Full Bathroom

Schools

  • Drewry Mason Elementary School
  • Martinsville City Middle School
  • Martinsville High School

Utilities

  • No Cooling
  • Heat Pump System
  • Electric Water Heater

Community Details

  • Henry Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$212

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: .21
  • Subdivision Name: Henry
  • Directions: A.L. Philpott Hwy. Continue to follow US-58 Bus W. Turn left onto Starling Ave/US-58 Bus W. Take the 1st left onto Mulberry Rd. Take the 3rd right onto Rives Rd.509 RIVES RD is on the left.
  • Carport Y N: No
  • Garage Yn: No
  • Year Built: 1935
  • RoomBedroomLevel: First
  • RoomBathroomLevel: First
  • Attribution Contact: 4347934840
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, As Is, None
  • Other Equipment: No Farm Equipment
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate, Wood, Vinyl
  • Interior Amenities: 1st Floor Bedroom
  • Living Area: 955

Exterior Features

  • Waterfront Features: No Surface Water
  • Home Warranty: No
  • Construction Type: Brick
  • Property Condition: Fixer
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: None

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Heat Pump, None
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Schools

  • Elementary School: Drewry Mason
  • High School: Martinsville
  • Middle Or Junior School: Martinsville City

Lot Info

  • Lot Size Sq Ft: 9147.6
  • Zoning: R1
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2017
Closed on
Mar 13, 2018
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Biggs Cornis Eugene
Seller's Agent
Helen McKenzie
Jacobs Real Estate of the Piedmont
Buyer's Agent
Helen McKenzie
Jacobs Real Estate of the Piedmont
List Price
$13,000
Sold Price
$13,000
Current Estimated Value
$69,363

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,363
Avg. Annual Appreciation
25.29%

Purchase Details

Closed on
Oct 16, 2017
Sold by
Professional Foreclosure Corporation Of
Bought by
Federal Home Loan Mortgage Corp
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Biggs Cornis Eugene $13,000 Stewart Title Guaranty Co
Federal Home Loan Mortgage Corp $8,667 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Westbrook David W $39,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2018 03/14/18 Sold $13,000 0.0% $14 / Sq Ft
02/09/2018 02/09/18 Pending -- -- --
11/07/2017 11/07/17 For Sale $13,000 -- $14 / Sq Ft
Source: Martinsville, Henry & Patrick Counties 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
2024 $212 $21,400 $8,000 $13,400
2023 $212 $21,400 $8,000 $13,400
2022 $156 $15,000 $8,000 $7,000
2021 $156 $15,000 $8,000 $7,000
2020 $159 $15,000 $8,000 $7,000
2019 $159 $15,000 $8,000 $7,000
2018 $486 $44,600 $8,000 $36,600
2017 $474 $44,600 $8,000 $36,600
2016 $499 $47,000 $8,000 $39,000
2015 $499 $47,000 $8,000 $39,000
2014 $512 $48,200 $8,000 $40,200
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2018

    Helen McKenzie

    Jacobs Real Estate of the Piedmont

    (434) 793-4840

    130 Total Sales

    Helen McKenzie
    Section Image
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Map

Source: Martinsville, Henry & Patrick Counties Association of REALTORS®

MLS Number: 131632

APN: 000541300

Virginia Martinsville County Martinsville 24112

509 Rives Rd, Martinsville, VA

This home is located at 509 Rives Rd, Martinsville, VA 24112 since 07 November 2017 and is currently estimated at $69,363, approximately $72 per square foot. This property was built in 1935. 509 Rives Rd is a home located in Martinsville City with nearby schools including Patrick Henry Elementary School, Martinsville Middle School, and Martinsville High School.

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