NOT LISTED FOR SALE

520 Locust Ln Danville, VA 24540

Estimated Value: $101,000 - $118,000

4 Beds
2 Baths
1,036 Sq Ft
$109/Sq Ft Est. Value

Last Sold April 23, 2019

Last sale price $58,000 $56 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $634/month

53 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • 1 Car Detached Garage
  • Wood Flooring
  • Neighborhood Views
  • Front Porch

About This Home

As of April 2019

This home is perfect for the first time home buyer looking for separate living space for additional family members or potential rental income. This property has one Eat-in Kitchen in the basement and a full kitchen on the first floor. Both kitchens have recently been updated with new appliances and tile. The entire basement has a fresh coat of paint and new hardwood floors. The basement bedroom also has new laminate floors.

Last Agent to Sell the Property

Ken Buckley

Long and Foster - South Boston License #0225225056 Listed on: 02/28/2019

Last Buyer's Agent

Non Member Non Member

Non-Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $482

Year Built

  • Built in 1955

Lot Details

  • 7,405

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Neighborhood Views
  • Home Security System

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • In-Law or Guest Suite
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Electric Dryer Hookup

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Schools

  • Johnson Elementary School
  • Bonner Middle School
  • George Washington High School

Utilities

  • Dehumidifier
  • Central Air
  • Heating Available
  • Electric Water Heater
  • High Speed Internet

Additional Features

  • Front Porch
  • 7,405 Sq Ft Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 00125

Home Details

Home Type

Single Family

Est. Annual Taxes

$482

Year Built

Built in 1955

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Directions: Take Riverside Drive to Locust Lane. Property will on your right. Sign in place.
  • Above Grade Finished Sq Ft: 1036
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Structure Type: Site Built
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Electric Range, Dishwasher, Washer, Microwave, Dryer, Refrigerator
  • Other Equipment: Dehumidifier
  • Has Basement: Full, Walk-Out Access, Finished
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1036
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Tile, Vinyl
  • Interior Amenities: Ceiling Fan(s), In-Law Floorplan, 1st Floor Bedroom, High Speed Internet
  • Living Area: 1036

Exterior Features

  • Lot Features: Under 1 Acre
  • View: Neighborhood
  • View: Yes
  • Waterfront Features: N/A - Not Waterfront
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Patio And Porch Features: Front, Porch
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Detached, Garage Door Opener
  • Total Parking Spaces: 1

Utilities

  • Laundry Features: 1st Floor Laundry, Electric Dryer Hookup, Washer Hookup, In Basement
  • Security: Security System, Surveillance Cameras: No
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas Pack
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Johnson Elementary
  • High School: George Washington High
  • Middle Or Junior School: Bonner Middle

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Parcel #: 00125
  • Zoning: R
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Above Grade Finished Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2019
Closed on
Apr 22, 2019
Sold by
Wilson Aries M
Bought by
Le Mylinh T and Tran Thaingoc Thi
Seller's Agent
Ken Buckley
Long and Foster - South Boston
Buyer's Agent
Non Member Non Member
Non-Member
List Price
$61,900
Sold Price
$58,000
Premium/Discount to List
-$3,900
-6.3%
Current Estimated Value
$113,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,403
Avg. Annual Appreciation
10.83%
Original Mortgage
$46,400
Outstanding Balance
$40,876
Interest Rate
4.4%
Mortgage Type
Commercial
Estimated Equity
$72,527

Purchase Details

Listed on
Jan 9, 2017
Closed on
Mar 9, 2017
Sold by
Law Kristina
Bought by
Wilson Aries M
Seller's Agent
Mary M Jones
JANICE BICKFORD REALTY, INC
Buyer's Agent
Rick Fain
JEFF DAVIS & ASSOCIATES, LLC
List Price
$54,900
Sold Price
$50,000
Premium/Discount to List
-$4,900
-8.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.25%
Original Mortgage
$49,094
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 21, 2015
Closed on
Sep 22, 2015
Sold by
Allen Gladys Hodge
Bought by
Law Kristina
Seller's Agent
Brooks Powell
WILKINS & CO., REALTORS, INC.
List Price
$47,900
Sold Price
$44,500
Premium/Discount to List
-$3,400
-7.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.31%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Le Mylinh T $58,000 All Va Title & Escrow Inc
Wilson Aries M $50,000 All Va Title & Escrow Inc
Law Kristina $44,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Le Mylinh T $46,400
Previous Owner Wilson Aries M $49,094
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/22/2019 07/22/19 Off Market $58,000 -- --
04/23/2019 04/23/19 Sold $58,000 -6.3% $56 / Sq Ft
04/23/2019 04/23/19 Pending -- -- --
02/28/2019 02/28/19 For Sale $61,900 +23.8% $60 / Sq Ft
03/10/2017 03/10/17 Sold $50,000 -8.9% $24 / Sq Ft View Prior Sale
02/08/2017 02/08/17 Pending -- -- --
01/17/2017 01/17/17 For Sale $54,900 +23.4% $26 / Sq Ft
09/23/2015 09/23/15 Sold $44,500 -7.1% $22 / Sq Ft View Prior Sale
08/24/2015 08/24/15 Pending -- -- --
08/21/2015 08/21/15 For Sale $47,900 -- $24 / Sq Ft
Source: Southern Piedmont Land & Lake 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
2024 $482 $58,100 $2,500 $55,600
2023 $420 $50,000 $2,500 $47,500
2022 $420 $50,000 $2,500 $47,500
2021 $406 $48,300 $2,500 $45,800
2020 $406 $48,300 $2,500 $45,800
2019 $402 $47,900 $2,500 $45,400
2018 $383 $47,900 $2,500 $45,400
2017 $396 $49,500 $3,800 $45,700
2016 $361 $49,500 $3,800 $45,700
2015 $356 $48,800 $3,800 $45,000
2014 $356 $48,800 $3,800 $45,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Piedmont Land & Lake Association of REALTORS®

MLS Number: 62534

APN: 00125