NOT LISTED FOR SALE

523 S Oak Ave Henrico, VA 23075

Estimated Value: $247,226 - $278,000

3 Beds
1 Bath
960 Sq Ft
$275/Sq Ft Est. Value

Last Sold March 18, 2020

Last sale price $163,000 $170 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $1,499/month

21 Days on Market

Highlights

  • Central Air
  • Heat Pump System
  • 1-Story Property

About This Home

As of March 2020

Your completely renovated home awaits your presence! This home features 3 bedrooms and 1 bathroom and has all of the upgrades you've been looking for in a home. With the excitement of a brand new high school being built right in your neighborhood, this home purchase is a win for all. As a bonus you will enjoy discounted taxes for 10 years! You won't want to miss out on owning this home for only $168,900.

Last Agent to Sell the Property

Joanna Anderson

Legacy Builders Real Estate Group LLC License #0225204469 Listed on: 01/15/2020

Last Buyer's Agent

Noelle Smith

Virginia Capital Realty License #0225220495

Virginia Capital Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $890

Year Built

  • Built in 1957

Lot Details

  • 0.25 Acre Lot
  • Zoning described as R3

Home Design

  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 960 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • Fair Oaks Elementary School
  • Elko Middle School
  • Highland Springs

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • Scottie Farms Subdivision
  • The community has rules related to allowing corporate owners

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 822-720-5714

Home Details

Home Type

Single Family

Est. Annual Taxes

$890

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1957
  • Property Attached Yn: No
  • Lot Size Acres: 0.2524
  • Ownership: Corporate
  • Subdivision Name: Scottie Farms
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 960.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Asphalt
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Familial Relation, Owner Is Listing Agent
  • Construction Type: Frame, Vinyl Siding

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Heat Pump
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Elko

Lot Info

  • Parcel Number: 822-720-5714
  • Zoning Description: R3
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 890.0
  • Tax Lot: 12

MLS Schools

  • Elementary School: Fair Oaks
  • High School: Highland Springs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2020
Closed on
Feb 26, 2020
Sold by
Remnant Real Estate Solutions Llc
Bought by
Jackson Timothy Lamonte
Seller's Agent
Joanna Anderson
Legacy Builders Real Estate Group LLC
Buyer's Agent
Noelle Smith
Virginia Capital Realty
List Price
$168,900
Sold Price
$163,000
Premium/Discount to List
-$5,900
-3.49%
Current Estimated Value
$263,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,557
Avg. Annual Appreciation
8.86%
Original Mortgage
$160,047
Outstanding Balance
$141,744
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$121,813

Purchase Details

Closed on
Aug 26, 2019
Sold by
Hutchinson Dena J
Bought by
Remnant Real Estate Solutions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
3.8%
Mortgage Type
Purchase Money Mortgage
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
Jackson Timothy Lamonte $163,000 Signature Title & Stlmnt Llc
Remnant Real Estate Solutions Llc $60,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jackson Timothy Lamonte $160,047
Previous Owner Remnant Real Estate Solutions Llc $68,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2020 03/18/20 Sold $163,000 -1.2% $170 / Sq Ft
02/05/2020 02/05/20 Pending -- -- --
01/31/2020 01/31/20 Price Changed $165,000 -2.3% $172 / Sq Ft
01/15/2020 01/15/20 For Sale $168,900 -- $176 / Sq Ft
Source: Central Virginia Regional MLS

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 $1,315 $222,900 $42,000 $180,900
2024 $1,315 $212,300 $40,000 $172,300
2023 $1,010 $212,300 $40,000 $172,300
2022 $815 $194,300 $38,000 $156,300
2021 $577 $154,700 $25,000 $129,700
2020 $530 $154,700 $25,000 $129,700
2019 $890 $101,100 $25,000 $76,100
2018 $825 $93,800 $25,000 $68,800
2017 $733 $83,300 $25,000 $58,300
2016 $733 $83,300 $25,000 $58,300
2015 $768 $83,300 $25,000 $58,300
2014 $768 $87,300 $25,000 $62,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2001471

Central Virginia Regional MLS

APN: 822-720-5714