NOT LISTED FOR SALE

518 Main St Narrows, VA 24124

4 Beds
2 Baths
4,720 Sq Ft
3,093 Sq Ft Lot

Last Sold February 13, 2020

Last sale price $60,000 $13 Per Sq Ft

210 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Electric Baseboard Heater

About This Home

As of February 2020

Located in downtown Narrows, this property is convenient to all amenities. The lower level has been leased as commercial space but could easily be used as an additional apartment rental. The upper floor has 2 apartments. Both units are 2 bedroom 1 bath. This is the perfect opportunity to have a business below and rental income as supplemental revenue. The tenants pay all utilities. The exterior is vinyl and block for low maintenance. The lower level has a newer electric heat pump. The apartments have electric baseboard heat and replacement windows.

Last Agent to Sell the Property

Nancy Page

Page & Assoc. Real Estate License #225043559 Listed on: 04/26/2019

Last Buyer's Agent

Nancy Page

Page & Assoc. Real Estate License #225043559 Listed on: 04/26/2019

Property Details

Home Type

  • Multi-Family

Lot Details

  • 3,093

Home Design

  • 4,720 Sq Ft Home
  • Block Exterior
  • Vinyl Trim

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Utilities

  • Heat Pump System
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 38A10L163

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Class: Multifamily
  • County Or City: Giles
  • Deed Bk Pg Instrumnt: 2012/2153
  • Is The Power On: Yes
  • Is The Water On: Yes
  • Legal Description: 1/2 No 1 hale Add Sec A
  • Lvt Date: 04/26/2019
  • Miscellaneous: 2 Bedroom Units, Appliances Included
  • Parcel Nbr: 38A10L163
  • Total Gross Building Area: 4720
  • Estimated Finished Sq Ft: 4720
  • Total Number of Unfurnished Units: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Water Heater: Electric
  • Flooring: Carpet, Ceramic Tile, Hardwood, Vinyl

Exterior Features

  • Exterior Finish: Block, Vinyl

Utilities

  • Air Conditioner: Heat Pump
  • Heating: Baseboard-Electric, Heat Pump
  • Sewer: Public System
  • Water: Public Water

Condo/Co-op/Association

  • HOA: None

Multi Family

  • Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2019
Closed on
Feb 11, 2020
Sold by
Ellett Vly Invests Llc
Bought by
Goins Christian
Seller's Agent
Nancy Page
Page & Assoc. Real Estate
Buyer's Agent
Nancy Page
Page & Assoc. Real Estate
List Price
$65,000
Sold Price
$60,000
Premium/Discount to List
-$5,000
-7.69%

Purchase Details

Closed on
Apr 19, 2017
Sold by
Giles County Housing & Dev
Bought by
Ellett Valley Investments Llc

Purchase Details

Closed on
Dec 11, 2012
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Goins Christian $60,000 --
Ellett Valley Investments Llc -- --
-- $51,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2020 02/13/20 Sold $60,000 -7.7% $13 / Sq Ft
11/22/2019 11/22/19 Pending -- -- --
10/28/2019 10/28/19 For Sale $65,000 0.0% $14 / Sq Ft
10/19/2019 10/19/19 Pending -- -- --
04/26/2019 04/26/19 For Sale $65,000 -- $14 / Sq Ft
Source: New River Valley Association of REALTORS®

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 $173 $51,000 $10,000 $41,000
2024 $173 $51,000 $10,000 $41,000
2023 $347 $51,000 $10,000 $41,000
2022 $347 $51,000 $10,000 $41,000
2021 $0 $51,000 $10,000 $41,000
2020 $332 $51,000 $10,000 $41,000
2019 $342 $51,000 $10,000 $41,000
2018 $321 $51,000 $10,000 $41,000
2017 -- $51,000 $10,000 $41,000
2016 $321 $51,000 $10,000 $41,000
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New River Valley Association of REALTORS®

MLS Number: 405255

New River Valley Association of REALTORS®

APN: 38A-10-L-163