NOT LISTED FOR SALE

518 Laurel Dr Madison, VA 22727

Estimated Value: $436,836 - $546,000

3 Beds
3 Baths
1,913 Sq Ft
$253/Sq Ft Est. Value

Last Sold May 17, 2024

Last sale price $441,000 $231 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,748/month

2 Days on Market

Highlights

  • Two Primary Bedrooms
  • Vaulted Ceiling
  • Wood Flooring
  • Multiple Fireplaces
  • Partially Wooded Lot
  • Main Floor Primary Bedroom

About This Home

As of May 2024

Just minutes from 29N - a beautiful setting for this custom cedar home in Madison County. What a lovely drive home to this property on 3.25 acres on a running creek with mountain views. Move in ready with stone fireplace with gas logs, a focal point in the great room with loft overlooking below. Large dining area off of the completely remodeled kitchen with quartz counters with contrasting light gray cabinets, gas stove, and instant hot water at the sink. Hardwood floors throughout, each of the 3 bedrooms has its own attached full bath. The rustic home has a metal roof, large rear deck with retractable awning. Propane generator conveys. The lower part of the two level back deck is supported for a hot tub. The yard is beautiful in the spring with many lovely trees and a flower garden in the front. Cleared yard in the back goes down to a running creek.

Last Agent to Sell the Property

Debra Cash

REAL ESTATE III, INC. License #0225061323 Listed on: 04/01/2024

Last Buyer's Agent

NONMLSAGENT NONMLSAGENT

NONMLSOFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,520

Year Built

  • Built in 1988

Lot Details

  • 3.26 Acre Lot
  • Landscaped
  • Gentle Sloping Lot
  • Partially Wooded Lot
  • Garden
  • Property is zoned C-1 Conservation

HOA Fees

  • $29 Monthly HOA Fees

Home Design

  • Concrete Block With Brick
  • Metal Roof

Interior Spaces

  • 1.5-Story Property
  • Vaulted Ceiling
  • Multiple Fireplaces
  • Gas Fireplace
  • Insulated Windows
  • Great Room with Fireplace
  • Dining Room
  • Loft
  • Utility Room
  • Wood Flooring
  • Fire and Smoke Detector
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main
  • Double Master Bedroom
  • Bathroom on Main Level
  • 3 Full Bathrooms
  • Primary bathroom on main floor

Laundry

  • Laundry Room
  • Sink Near Laundry
  • Washer and Dryer Hookup

Partially Finished Basement

  • Walk-Out Basement
  • Basement Windows

Outdoor Features

  • Covered Patio or Porch

Schools

  • Waverly Elementary School
  • William Wetsel Middle School
  • Madison High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Well
  • Septic Tank
  • Fiber Optics Available
  • Satellite Dish

Community Details

  • Association fees include road maint, snow removal
  • Laurel Mountain Subdivision

Listing and Financial Details

  • Assessor Parcel Number 090002010

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,520

Year Built

Built in 1988

Lot Details

0

HOA Fees

$29 per month

Listing Details

  • Class: RESIDENTIAL
  • Property Type: Detached
  • Above Grade Finished Sq Ft: 1633
  • Below Grade Total Sq Ft: 1216
  • Design: Rustic
  • L V T Date: 04/01/2024
  • Parcel Number: 090002010
  • Price Per Sq Ft: 230.53
  • Property Excluded: Washer and dryer
  • Property Included: Refrigerator, gas stove, and dishwasher
  • Total Sq Ft: 2849
  • Total Unfinished Sq Ft: 936
  • Type of Construction: On Site Built
  • Zoning: C-1 Conservation
  • Subdivision: LAUREL MOUNTAIN
  • Comments: Yes
  • Concatenated Rooms1: |Great Room1|Dining Roo1|Kitchen1|Pri Bed1|Full Bath1|Bedroom2|Full Bath2|BedroomB|Full BathB|LaundryB|Utility RoB|Loft2|
  • Structures Deck Porch: Patio - Covered, Porch - Front, Composite
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Unfinished Below Grade Sq Ft: 936
  • Fireplace: Gas, One, Stone
  • Laundry: Dryer Hookup, Large Sink, Washer Hookup
  • Basement Type: Inside Access, Outside Entrance, Partly Finished, Walk Out, Windows
  • Room 1: Great Room,On Level: 1
  • Room 2: Dining Room,On Level: 1
  • Room 3: Kitchen,On Level: 1
  • Room 4: Pri Bed,On Level: 1
  • Room 5: Full Bath,On Level: 1
  • Room 6: Bedroom,On Level: 2
  • Room 7: Full Bath,On Level: 2
  • Room 8: Bedroom,On Level: Basement
  • Room 9: Full Bath,On Level: Basement
  • Room 10: Laundry,On Level: Basement
  • Room 11: Utility Room,On Level: Basement
  • Room 12: Loft,On Level: 2
  • Total Finished Sq Ft: 1913
  • Above Grade Finished Sq Ft: 1633
  • Basement: Yes
  • Below Grade Finished Sq Ft: 280
  • Fireplace Location: Great Room
  • Foundation: Concrete Block
  • Kitchen Appliances Feat: Dishwasher, Gas Range, Refrigerator
  • Kitchen Cabinets Counters: Painted Cabinets, Quartz Counter
  • Land Description: Garden Spot, Gently Rolling, Landscaped, Partly Wooded
  • Level: 1.5 Story
  • Primary Bathroom Main Level: Yes
  • Master Bedon Main Level: Yes
  • Bathrooms: 3
  • Below Grade Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Number Beds: 3
  • Number Beds Below Grade: 1
  • Number Beds Main Level: 1
  • Full Bathrooms: 3
  • Room Types: Bedroom, Dining Room, Full Bath, Great Room, Kitchen, Laundry, Loft, Utility Room
  • Room Types Level1: Dining Room (L1), Full Bath (L1), Great Room (L1), Kitchen (L1)
  • Room Types Level2: Bedroom (L2+), Full Bath (L2+), Loft (L2+)
  • Room Types Level B: Bedroom (LB), Full Bath (LB), Laundry (LB), Utility Room (LB)
  • Source of Sq Ft: Public Records

Exterior Features

  • Number Of Acres: 3.26
  • Roof: Metal - Tin
  • Structure Features: Renovated, Two Master Bedrooms
  • Structure Floors: Hardwood
  • Structure Security: Smoke Detector(s)
  • Structure Window Ceiling: Insulated Windows, Screens, Vaulted/Cathedral Ceiling
  • Water Property: Stream / Creek

Utilities

  • Cooling: Central AC, Heat Pump
  • Heating: Central Heat, Heat Pump
  • Cable Available: Dish/Satellite, Fiber-Optic
  • Sewer/Septic System: Septic Tank
  • Water: Individual Well

Condo/Co-op/Association

  • HOA/COA Amenities: None
  • Association Setup Transfer Fee Type: $
  • Association Fee: HOA
  • Association Frequency: Annual
  • Association Includes: Road Maint, Snow Removal
  • Association Fee: 350

Building Info

  • Year Built: 1988

Tax Info

  • Year: 2023
  • Taxes: 1520

MLS Schools

  • HighSchool: Madison (Madison)
  • Middle School: William Wetsel
  • Elementary School: Waverly

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2024
Closed on
May 16, 2024
Sold by
Byerly Heidi Wald
Bought by
Barone Joella and Barone Jeffrey
Seller's Agent
Debra Cash
REAL ESTATE III, INC.
Buyer's Agent
NONMLSAGENT NONMLSAGENT
NONMLSOFFICE
List Price
$439,000
Sold Price
$441,000
Premium/Discount to List
$2,000
0.46%
Views
33
Current Estimated Value
$483,459

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,459
Avg. Annual Appreciation
6.23%
Original Mortgage
$341,000
Outstanding Balance
$336,164
Interest Rate
6.82%
Mortgage Type
VA
Estimated Equity
$147,295

Purchase Details

Closed on
Dec 4, 2009
Sold by
Weber Ingrid A
Bought by
Byerly Heidi Wald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.37%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Barone Joella $441,000 Fidelity National Title
Byerly Heidi Wald $201,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barone Joella $341,000
Previous Owner Byerly Heidi Wald $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2024 05/17/24 Sold $441,000 +0.5% $231 / Sq Ft
04/03/2024 04/03/24 Pending -- -- --
04/01/2024 04/01/24 For Sale $439,000 -- $229 / Sq Ft
Source: Charlottesville area 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 $2,049 $401,800 $77,200 $324,600
2024 $1,705 $230,400 $64,700 $165,700
2023 $1,705 $230,400 $64,700 $165,700
2022 $1,705 $230,400 $64,700 $165,700
2021 $1,705 $230,400 $64,700 $165,700
2020 $1,636 $230,400 $64,700 $165,700
2019 $1,400 $230,400 $64,700 $165,700
2018 $1,400 $205,900 $71,800 $134,100
2017 -- $205,900 $71,800 $134,100
2016 -- $205,900 $71,800 $134,100
2015 -- $205,900 $71,800 $134,100
2014 -- $205,900 $71,800 $134,100
Source: Public Records

Agents Affiliated with this Home

  • Debra Cash

    Seller's Agent in 2024

    Debra Cash

    REAL ESTATE III, INC.

    (434) 960-5501

    55 Total Sales

    Debra Cash
    Section Image

  • N

    Buyer's Agent in 2024

    NONMLSAGENT NONMLSAGENT

    NONMLSOFFICE

See All Agents

Map

Source: Charlottesville area Association of Realtors®

MLS Number: 651162

Charlottesville area Association of Realtors®

APN: 45A-2-2

Virginia Madison County Madison 22727

518 Laurel Dr, Madison, VA

Not Listed for Sale

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