NOT LISTED FOR SALE

518 Reid Rd Lexington, VA 24450

Estimated Value: $312,000 - $450,000

2 Beds
2 Baths
1,560 Sq Ft
$248/Sq Ft Est. Value

Last Sold May 06, 2016

Last sale price $238,000 $153 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $2,251/month

56 Days on Market

About This Home

As of May 2016

Custom built log home located minutes from Historic Lexington. The hand hewn log home has a beautiful stone chimney complimented with a woodstove. The house has an excellent open floor plan, main level master bedroom, skylights in every room along with lots of windows for natural lighting. The full walkout basement has workspace and a garage. Enjoy the wooded lot sitting on the back porch.

Last Agent to Sell the Property

Hunter McClung

J.F. Brown Real Estate Services Listed on: 03/10/2016

Last Buyer's Agent

Kara Braddick

James Wm. Moore Real Estate Co.

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,765

Year Built

1993

Lot Details

0

Listing Details

  • ConservationEsmnt: No
  • Directions: Route 11 North, Left onto Maury River Road. Follow 4 miles to Reid Road on the right. House is approximately 1 mile on the right.
  • HistoricProperty: No
  • Listing Member Name: Hunter McClung
  • Listing Office Short Id: 121
  • Open House Office I D: 20061211170240860305000000
  • Hoa2 Or Poa: No
  • Prop. Type: Residential/Farm
  • Selling Member Short Id: karaf
  • Selling Office Short Id: 78
  • Subdivision Yn: No
  • TotalFinSFApx: 1560.00
  • Year Built: 1993
  • Taxes Dollars: 1406.51
  • TotalAcresApx: 1.00
  • 1StFloorMstrBdrm: Yes
  • Total Assessed Value: 198100.00
  • PorchDeckPatioDeck: Front
  • PorchDeckPatioPorch: Rear
  • Building Style: Log
  • Type of Construction: Log
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Basement: Full, Interior Access, Unfinished, Walkout
  • Full Bathrooms: 2.00
  • Updated Floor: Wood
  • Appliances: As Is, Dishwasher, Dryer, Dryer Hookup, Electric Range, Garage Door Opener, Oven, Refrigerator, Smoke Detector, Washer, Washer Hookup, Wood Stove
  • Has Attic: None
  • Lower Floor 1 Bedrooms: 2
  • Fireplace: Stone, Wood Stove
  • Fireplace Location: Basement, Living Room
  • Fireplace Other: Stone chimney
  • Interior Amenities: Book Shelves, Breakfast Area, Cathedral Ceiling, Ceiling Fan, Flue Available, Skylight, Storage, Walk-in Closet
  • Lower Floor 1 Bedrooms: 6

Exterior Features

  • Easements: Unknown
  • Exterior: Log, Wood
  • Exterior Features: Ceiling Fan(s), Deck-Front, Porch-Open, Porch-Rear, Smoke Detector, Storage Building, Undrground Utilities, Wood Stove
  • Flood Zone: Minimal
  • Road Frontage: Gravel Road, State Road
  • Roof: Shingle
  • Street: Reid
  • Surface Water: None
  • Tax Rate: .71
  • Flood Zone: NW
  • Fencing: None
  • Topography: Rolling
  • Exterior Features: Covered Porch, Deck, Porch, Storage Shed, Sunrise View
  • Guest House: No

Garage/Parking

  • Garage Spaces: Opener, Single
  • GarageOther: in basement

Utilities

  • Cooling: Central Cooling, Wall Unit(s)
  • Heating: Hot Water Baseboard, Liquid Propane, Wood Stove
  • Sewer: Existing Septic
  • Utilities Available: Electric
  • Water: Well
  • Water Heater: Propane

Schools

  • Elementary School: Central
  • Middle School: Maury River
  • High School: Rockbridge Co
  • Elementary School: Central
  • High School: Rockbridge Co
  • Middle School: Maury River

Lot Info

  • Future Land Use: Yes
  • Property Name: Broscious
  • Zoning: Agricultural
  • Best Use: Investment, Residential, Vacation Rental
  • Current Use: Investment, Residential, Vacation Rental

Green Features

  • Energy Features: Wood Stove

Tax Info

  • Tax Map Number: 49-12-5
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2016
Closed on
Apr 26, 2016
Sold by
Broscious Jon A and Broscious Joann T
Bought by
Merkel Joseph E and Merkel Phyllis J
Seller's Agent
Hunter McClung
J.F. Brown Real Estate Services
Buyer's Agent
Kara Braddick
James Wm. Moore Real Estate Co.
List Price
$249,900
Sold Price
$238,000
Premium/Discount to List
-$11,900
-4.76%
Current Estimated Value
$387,015

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,015
Avg. Annual Appreciation
5.49%
Original Mortgage
$214,200
Outstanding Balance
$173,918
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$217,884
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
Merkel Joseph E $238,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merkel Joseph E $214,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2016 05/06/16 Sold $238,000 -4.8% $153 / Sq Ft
05/05/2016 05/05/16 Pending -- -- --
03/10/2016 03/10/16 For Sale $249,900 -- $160 / Sq Ft
Source: Rockbridge Highlands 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 $1,765 $289,300 $45,000 $244,300
2023 $1,765 $289,300 $45,000 $244,300
2022 $1,787 $241,500 $35,000 $206,500
2021 $1,787 $241,500 $35,000 $206,500
2020 $1,787 $241,500 $35,000 $206,500
2019 $1,763 $241,500 $35,000 $206,500
2018 $1,691 $241,500 $35,000 $206,500
2017 $1,691 $241,500 $35,000 $206,500
2016 $1,456 $198,100 $40,000 $158,100
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Hunter McClung

    Seller's Agent in 2016

    Hunter McClung

    J.F. Brown Real Estate Services

    (540) 460-4736

    15 in this area

    104 Total Sales

    Hunter McClung
    Section Image
  • Kara Braddick

    Buyer's Agent in 2016

    Kara Braddick

    James Wm. Moore Real Estate Co.

    (540) 460-0484

    3 in this area

    244 Total Sales

    Kara Braddick
    Section Image
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Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 130371

APN: 49-12-5

Virginia Rockbridge County Lexington 24450

518 Reid Rd, Lexington, VA

This home is located at 518 Reid Rd, Lexington, VA 24450 since 10 March 2016 and is currently estimated at $387,015, approximately $248 per square foot. This property was built in 1993. 518 Reid Rd is a home located in Rockbridge County with nearby schools including Rockbridge County High School, Rockbridge Christian Academy, and The Rockbridge Christian Academy.

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