NOT LISTED FOR SALE

516 W Main St Danville, VA 24541

Danville Area

Estimated Value: $244,000 - $281,000

3 Beds
4 Baths
2,837 Sq Ft
$92/Sq Ft Est. Value

Sale Details

Date Sold: August 1, 2023

Last sale price $184,000 $65 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $1,570 / mo

11 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Heat Pump System
  • Fireplace
  • Wood Siding

About This Home

As of August 2023

1900's Colonial situated on the corner of prestigious Hawthorne Ave within walking distance to Casino. Property is currently divided into a Duplex. Lower-level unit is rented as a one-bedroom with the current tenant using the dining room as a bedroom. The upper-level unit rents as a two-bedroom. One bedroom does have a closet and the other does not. The upper-level unit also has a sunroom and staircase leading to floored attic for additional storage. Property does have some rotten wood and areas needing attention. Washer and dryer are shared in the cellar of the property for both tenants. Current tenant is on month-month lease and could possibly want to continue with new owner. Tenant currently pays $550/mo

Last Agent to Sell the Property

Genna Dickinson

RAMSEY YEATTS & ASSOCIATES, REALTORS Brokerage Phone: 4344326000 License #0225204225 Listed on: 05/11/2023

Last Buyer's Agent

Brooks Powell

WILKINS & CO., REALTORS, INC. License #0225047470

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,267

Year Built

  • Built in 1950

Lot Details

  • 7,336 Sq Ft Lot

Home Design

  • Duplex
  • Slate Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 2,837 Sq Ft Home
  • 2-Story Property
  • Fireplace

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Parking

  • On-Street Parking
  • Open Parking

Schools

  • Forest Hills Elementary School
  • Bonner Middle School
  • GWHS High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • The owner pays for electricity, water, management, grounds care
  • Assessor Parcel Number 23983

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $62
  • Manager Expense $121
  • Water Sewer Expense $62
  • New Taxes Expense $106
  • Operating Expense $3,907
  • Gross Income $12,050
  • Net Operating Income $8,143

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,267

Year Built

Built in 1950

Lot Details

7,336 Sq Ft Lot

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1684
  • Road Surface Type: Paved
  • Subdivision Name: N/A
  • Directions: West Main St and corner of Hawthorne
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Year Built: 1950
  • Attribution Contact: 4344326000
  • Special Features: None

Interior Features

  • Appliances: One Bedroom Unit(Refrigerator,Range), Two Bedrom Unit(Refrigerator,Range)
  • Owner Pays: Electricity, Water, Management, Grounds Care
  • Total Bedrooms: 3
  • Fireplace Features: Fireplace (One Bedroom Unit), Fireplace (Two Bedroom Unit)
  • Fireplace: Yes
  • Flooring: Tile, Vinyl, Hardwood
  • Living Area: 2837

Exterior Features

  • Construction Type: Wood Siding, Vinyl Siding
  • Patio And Porch Features: Two Bedrom Unit(Porch)
  • Property Condition: 41 to 75 Years Old
  • Roof: Slate

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 61.53

Schools

  • Elementary School: Forest Hills
  • High School: Gwhs
  • Middle Or Junior School: Bonner

Lot Info

  • Lot Size Sq Ft: 7335.504
  • Parcel #: 23983
  • Zoning: OTR
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Lease Term: Month To Month

Multi Family

  • Number Of Units Total: 2
  • Electric Expense: 61.94
  • Annual Gross Income: 12050
  • Resident Manager Expense: 120.5
  • Property Net Operating Income: 8143.2
  • Annual Operating Expense: 3906.8
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • New Taxes Expense: 105.58
  • Tax Annual Amount: 1267

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2023
Closed on
Aug 1, 2023
Sold by
Bought by
Seller's Agent
Genna Dickinson
RAMSEY YEATTS & ASSOCIATES, REALTORS
Buyer's Agent
Brooks Powell
WILKINS & CO., REALTORS, INC.
List Price
$199,900
Sold Price
$184,000
Premium/Discount to List
-$15,900
-7.95%
Views
189
Current Estimated Value
$261,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,669
Avg. Annual Appreciation
12.28%
Original Mortgage
$159,200
Interest Rate
6.67%
Mortgage Type
Construction
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$184,000 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $215,900
Closed $159,200
Previous Owner $111,875
Previous Owner $116,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/01/2023 08/01/23 Sold $184,000 -8.0% $65 / Sq Ft
05/29/2023 05/29/23 Pending -- -- --
05/17/2023 05/17/23 For Sale $199,900 -- $70 / Sq Ft
Source: Dan River Region Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,569 $189,000 $17,200 $171,800
2024 $1,569 $189,000 $17,200 $171,800
2023 $1,267 $150,800 $17,200 $133,600
2022 $1,267 $150,800 $17,200 $133,600
2021 $1,240 $147,600 $17,200 $130,400
2020 $1,240 $147,600 $17,200 $130,400
2019 $1,205 $143,400 $17,200 $126,200
2018 $1,147 $143,400 $17,200 $126,200
2017 $1,157 $144,600 $17,200 $127,400
2016 $1,056 $144,600 $17,200 $127,400
2015 $1,083 $148,400 $17,200 $131,200
2014 $1,083 $148,400 $17,200 $131,200
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2023

    Genna Dickinson

    RAMSEY YEATTS & ASSOCIATES, REALTORS

    (434) 770-5961

    68 Total Sales

    Genna Dickinson
    Section Image

  • B

    Buyer's Agent in 2023

    Brooks Powell

    WILKINS & CO., REALTORS, INC.

    (434) 429-0485

    25 Total Sales

    Brooks Powell
    Section Image
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Map

Source: Dan River Region Association of REALTORS®

MLS Number: 66217

APN: 23983

Virginia Danville City County Danville 24541

516 W Main St, Danville, VA

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