NOT LISTED FOR SALE

520 9th St Altavista, VA 24517

Estimated Value: $138,000 - $165,000

3 Beds
1 Bath
1,492 Sq Ft
$102/Sq Ft Est. Value

Last Sold March 22, 2022

Last sale price $102,000 $68 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $878/month

90 Days on Market

About This Home

As of March 2022

Great opportunity to own investment property! Duplex with long-term tenants in the heart of Altavista! Unit 1 is a two-bedroom, one-bath that's been rented by the same tenant for 13 years. Unit 2 is a two-bedroom, one-bath, also rented by a long-term tenant. Both units are handicap accessible. Yields $820 per month income. Property is being sold As Is. Text listing agent to schedule a private showing.

Last Agent to Sell the Property

Stacey Angel

Stacey Angel Real Estate LLC License #0225241450 Listed on: 11/07/2021

Last Buyer's Agent

Larry Comerford

BHHS Dawson Ford Garbee-Forest License #0225237154

BHHS Dawson Ford Garbee-Forest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $415

Year Built

  • Built in 1900

Lot Details

  • 0.37 Acre Lot

Interior Spaces

  • 1,492 Sq Ft Home
  • Laminate Flooring

Parking

  • Unpaved Driveway
  • Off-Street Parking

Schools

  • Altavista Elementary School
  • Altavista Combined Middle School
  • Altavista Combined High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 83A-11-17-21-22

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Water Meter
  • Insurance Expense $631
  • Water Sewer Expense $125
  • New Taxes Expense $415
  • Gross Income $9,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$415

Year Built

Built in 1900

Lot Details

0

Listing Details

  • FILLACRES: 0.3700
  • Directions: Head south on Main St. Turn right onto Campbell Avenue and follow until Campbell Ave turns into 9th St. Duplex is on left midway onto Campbell Avenue.
  • ElementarySchool4: Altavista Elem
  • HighSchool4: Altavista Combined
  • Internet Providers: Comcast/Xfinity, Hughes.net
  • Lot Measurement: Acres
  • Lot Sq Ft: 16117.00
  • MiddleSchool4: Altavista Combined
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 83A-11-17-21-22
  • Year Built: 1900
  • Heating System: Electric Baseboard, Heat Pump, Hot Water-Elec
  • Unit Info Number Unfurnished Units: 2
  • Taxes Expense: 415.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: Lot 22 BK 17 & Lot 21 BK 17
  • Reciprocal Listing: No
  • Flooring: Laminate
  • Year Built Exception: 0
  • Walls: Drywall

Garage/Parking

  • Parking: Off Street Parking, Unpaved Drive

Utilities

  • Utility Electric: Dominion VA Power
  • Cooling: Heat Pump
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric, Individual
  • Number Of Water Meters: 1

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Fee Information

  • Insurance Expenses: 631.00

Schools

  • School District: Campbell

Lot Info

  • Lot Sq Ft: 1492.00
  • Zoning: R2

Tax Info

  • Estimated Taxes: 415

Multi Family

  • Annual Gross Income: 9240.00
  • Total Number Units: 2
  • Water Expense: 125.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2021
Closed on
Mar 17, 2022
Sold by
West Jacob T
Bought by
Blacketor Sharon
Seller's Agent
Stacey Angel
Stacey Angel Real Estate LLC
Buyer's Agent
Larry Comerford
BHHS Dawson Ford Garbee-Forest
List Price
$119,900
Sold Price
$102,000
Premium/Discount to List
-$17,900
-14.93%
Current Estimated Value
$161,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,020
Avg. Annual Appreciation
10.89%
Original Mortgage
$76,500
Outstanding Balance
$71,666
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$80,192

Purchase Details

Closed on
Apr 23, 2018
Sold by
West Phillip L and West Lisa A
Bought by
West Jacob T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
4.46%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Blacketor Sharon $102,000 Old Republic Title
West Jacob T $35,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blacketor Sharon $76,500
Previous Owner West Jacob T $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2022 03/22/22 Sold $102,000 -14.9% $68 / Sq Ft
02/05/2022 02/05/22 Pending -- -- --
11/07/2021 11/07/21 For Sale $119,900 -- $80 / Sq Ft
Source: Lynchburg 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 $486 $108,000 $18,000 $90,000
2024 $486 $108,000 $18,000 $90,000
2023 $486 $108,000 $18,000 $90,000
2022 $353 $67,800 $12,000 $55,800
2021 $353 $67,800 $12,000 $55,800
2020 $353 $67,800 $12,000 $55,800
2019 $353 $67,800 $12,000 $55,800
2018 $402 $77,300 $12,000 $65,300
2017 $402 $77,300 $12,000 $65,300
2016 $402 $77,300 $12,000 $65,300
2015 -- $77,300 $12,000 $65,300
2014 -- $72,900 $12,000 $60,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 335078

APN: 083A-11017-022-0