$265,000
SOLD NOV 26, 2024

520 Walnut Ave SW Roanoke, VA 24016

Old Southwest Neighborhood
-- Bed
-- Bath
2,933 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$90 Per Sq Ft

12% Below List Price

14 Days on Market

Highlights

  • No HOA
  • Storage
  • Forced Air Heating System
  • Breakfast Area or Nook
  • Property is near schools
  • 3-minute walk to Highland Dog Park

About This Home

As of November 2024

This large duplex in historic Old SW is in a prime location across from Highland Park. The lower unit features 3 bedrooms, large living room with fireplace kitchen, bath and foyer area. Hardwood floors throughout much of the house. The upper unit includes a living room, four bedrooms, office/den, kitchen and 2 full baths. Both units have central air and updated electrical service. Separately metered utilities. Large front porch area, full basement for storage. The back yard includes a nice covered gazebo. Some minor TLC needed but overall a solid, well built home. Walking distance to Highland Park Elementary, restaurants, neighborhood stores, etc. Situated near beautifully updated homes this is a great opportunity to bring this historic home back to its glory days. Income figures reflect

Last Agent to Sell the Property

David Linden

REALSTAR, REALTORS(r) LLC License #0225046234 Listed on: 10/18/2024

Last Buyer's Agent

Liz Bowles

WAINWRIGHT & CO., REALTORS(r) License #0225199890

WAINWRIGHT & CO., REALTORS(r)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,129

Year Built

  • Built in 1925

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50' x 130'

Parking

  • 2 Parking Spaces

Home Design

  • Duplex

Interior Spaces

  • 2,933 Sq Ft Home
  • Storage
  • Basement Fills Entire Space Under The House
  • Breakfast Area or Nook

Location

  • Property is near schools

Schools

  • Highland Park Elementary School
  • James Madison Middle School
  • Patrick Henry High School

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 8 / 2

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • Insurance Expense $805
  • Maintenance Expense $2,701
  • New Taxes Expense $3,129
  • Operating Expense $6,635
  • Gross Income $11,700
  • Net Operating Income $5,065

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,129

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Interior Features: Breakfast Area, Storage
  • Heating System: Forced Air Electric, Forced Air Gas, Gas - Natural
  • Type: Multi-Family
  • Has Basement: Full Basement
  • Cooling System: Heat Pump Electric
  • CondoAssocYN: No
  • ExpensesTaxExp: 3129.00
  • Internet Access: Cable
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 1.00
  • NumberUnfurnished: 2.00
  • NumberVehicleSpaces: 2.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2024-11-01
  • SubdivisionMap: E B & I
  • TotalAnnualExpen: 6635.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Walk to School

Schools

  • Elementary School: Highland Park
  • Middle School: James Madison
  • High School: Patrick Henry

Lot Info

  • Lot Dimensions: 50' x 130'
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.15
  • Lot: 8

Building Info

  • Year Built: 1925

Tax Info

  • Taxes (6 mo): 3129.30
  • FILLTAXID: 1131208

Multi Family

  • Lease Type: Month-to-Month
  • Tenant Pays: All Utilities
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: Highland Park
  • HighSchool: Patrick Henry
  • Middle School: James Madison

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2024 11/26/24 Sold $265,000 -11.7% $90 / Sq Ft
11/01/2024 11/01/24 Pending -- -- --
10/18/2024 10/18/24 For Sale $300,000 -- $102 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    David Linden

    REALSTAR, REALTORS(r) LLC

    (540) 366-4444

    1 in this area

    129 Total Sales

    David Linden
    Section Image
  • Liz Bowles

    Buyer's Agent in 2024

    Liz Bowles

    WAINWRIGHT & CO., REALTORS(r)

    (540) 526-3787

    1 in this area

    61 Total Sales

    Liz Bowles
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 911789

Roanoke Valley Association of REALTORS®

APN: 113-1208

Virginia Roanoke City County Roanoke 24016 Old Southwest

520 Walnut Ave SW, Roanoke, VA

This home is located at 520 Walnut Ave SW, Roanoke, VA 24016 and is currently priced at $265,000, approximately $90 per square foot. This property was built in 1925. 520 Walnut Ave SW is a home located in Roanoke City with nearby schools including Highland Park Elementary School, James Madison Middle School, and Patrick Henry High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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