NOT LISTED FOR SALE

523 E Mallow Rd Covington, VA 24426

Estimated Value: $100,000 - $156,000

3 Beds
1 Bath
1,204 Sq Ft
$101/Sq Ft Est. Value

Last Sold September 07, 2023

Last sale price $25,000 $21 Per Sq Ft

Est. 387% increase in value since last sale

Current estimated payment $688/month

1 Day on Market

Highlights

  • Mountain View
  • Wood Flooring
  • No HOA
  • Deck
  • Main Floor Primary Bedroom
  • Cottage

About This Home

As of September 2023

Great Investment Opportunity, SELLER WANTS TO SELL NOW!! PRICED WELL BELOW TAX ASSESSMENT!Three bedroom, one bath home on two lots, living room, dining room and eat in kitchen, some hardwood floors, walk up attic and full basement. Call for an appointment, won't last long at this price.

Last Agent to Sell the Property

Janie Tyree

Mountain River Realty Listed on: 08/23/2023

Last Buyer's Agent

Janie Tyree

Mountain River Realty Listed on: 08/23/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $585

Year Built

  • Built in 1942

Lot Details

  • Chain Link Fence
  • Interior Lot
  • Lot Has A Rolling Slope

Parking

  • Tuck Under Garage

Home Design

  • Cottage
  • Shingle Roof
  • Stucco Exterior
  • Stick Built Home

Interior Spaces

  • 1,204 Sq Ft Home
  • Mountain Views
  • Attic Stairs
  • Electric Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Basement

  • Walk-Out Basement
  • Interior Basement Entry

Outdoor Features

  • Deck
  • Covered Patio or Porch

Location

  • Flood Zone Lot

Schools

  • Jeter Watson Elementary School
  • Covington Middle School
  • Alleghany High School

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 40---3----5-, 40---3----4-

Home Details

Home Type

Single Family

Est. Annual Taxes

$585

Year Built

Built in 1942

Lot Details

0

Listing Details

  • ConservationEsmnt: No
  • Directions: From route 220, turn on Carpenter Dr, keep left at forks of the road on to Mallow Rd, house will be on the right.
  • HistoricProperty: No
  • Listing Member Name: Janie Curtin Tyree
  • Listing Office Short Id: MRR
  • Open House Office I D: 20191017173053262558000000
  • Hoa2 Or Poa: No
  • Prop. Type: Residential/Farm
  • Selling Member Short Id: janiet
  • Subdivision Yn: No
  • TotalFinSFApx: 1204.00
  • Year Built: 1942
  • Taxes Dollars: 584.80
  • 1StFloorMstrBdrm: Yes
  • Total Assessed Value: 68800.00
  • PorchDeckPatioDeck: Side
  • PorchDeckPatioPorch: Front
  • Building Style: Cottage
  • Type of Construction: Stick Built
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Basement: Interior Access, Walkout
  • Full Bathrooms: 1.00
  • Updated Floor: Vinyl, Wood
  • Heat Other: YES
  • Entry Location: Inside Lot
  • Appliances: Electric Range
  • Has Attic: Staircase
  • Lower Floor 1 Bedrooms: 3
  • Fireplace: None
  • Lower Floor 1 Bedrooms: 6

Exterior Features

  • Exterior: Stucco
  • Exterior Features: View - Mountains
  • Road Frontage: City Street
  • Roof: Shingle
  • Street: Mallow
  • Tax Rate: .85
  • Flood Zone: SE
  • Fencing: Chain
  • Topography: Rolling
  • Exterior Features: Covered Porch, Deck

Garage/Parking

  • Garage Spaces: Garage Under

Utilities

  • Cooling: Window Unit(s)
  • Heating: Baseboard Electric
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Schools

  • Elementary School: Jeter Watson
  • High School: Alleghany High
  • Middle School: Covington Middle

Lot Info

  • Future Land Use: No
  • Zoning: Residential
  • Best Use: Investment, Residential
  • Current Use: Investment, Residential

Tax Info

  • Tax Map Number: 40---3----5-, 40---3----4-
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2023
Closed on
Sep 7, 2023
Bought by
Hostetter Eric M
Seller's Agent
Janie Tyree
Mountain River Realty
Buyer's Agent
Janie Tyree
Mountain River Realty
List Price
$25,000
Sold Price
$25,000
Current Estimated Value
$121,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,701
Avg. Annual Appreciation
99.00%

Purchase Details

Closed on
Oct 24, 2019
Sold by
Garnett Woods Tammy
Bought by
Pennington Zella Paulette
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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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
Hostetter Eric M $25,000 --
Pennington Zella Paulette $30,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/07/2023 09/07/23 Sold $25,000 0.0% $21 / Sq Ft
08/24/2023 08/24/23 Pending -- -- --
08/23/2023 08/23/23 For Sale $25,000 -- $21 / 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
2025 $572 $67,300 $4,000 $63,300
2024 $572 $67,300 $4,000 $63,300
2023 $572 $67,300 $4,000 $63,300
2022 $589 $69,300 $4,000 $65,300
2021 $554 $69,300 $4,000 $65,300
2020 $554 $69,300 $4,000 $65,300
2019 $554 $69,300 $4,000 $65,300
2018 $505 $0 $0 $0
2017 $480 $0 $0 $0
2016 -- $63,100 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Janie Tyree

    Mountain River Realty

    (540) 968-6338

    81 in this area

    156 Total Sales

    Janie Tyree
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Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 137952

APN: 040-03-0000-00005

Virginia Covington City County Covington 24426

523 E Mallow Rd, Covington, VA

Not Listed for Sale

Detached

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