NOT LISTED FOR SALE

526 Mountain Ave SW Roanoke, VA 24016

Old Southwest Neighborhood
6 Beds
3 Baths
3,074 Sq Ft
6,534 Sq Ft Lot

Last Sold August 26, 2021

Last sale price $268,000 $87 Per Sq Ft

32 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • 2-minute walk to Highland Park

About This Home

As of August 2021

Nicely renovated triplex located in Old Southwest. Unit mix includes one 3bed/2bath unit, a 2bed/1bath unit, a studio unit. Two of the three units currently leased. Owner covers water. Electricity metered separately.

Last Agent to Sell the Property

Derek Hicks

WALDVOGEL COMMERCIAL PROPERTIES License #0225248097 Listed on: 05/28/2021

Co-Listed By

Matthew Zimmerman

WALDVOGEL COMMERCIAL PROPERTIES License #0225229039

Last Buyer's Agent

Todd Maxey

KELLER WILLIAMS REALTY ROANOKE License #0225192903

KELLER WILLIAMS REALTY ROANOKE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,046

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot

Home Design

  • Triplex

Interior Spaces

  • 3,074 Sq Ft Home
  • Crawl Space

Schools

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

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Legal Lot and Block 7 / 15

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 2 Leased Units
  • Operating Expense $7,967
  • Gross Income $22,500
  • Net Operating Income $14,533

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,046

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Heating System: Baseboard Electric
  • Type: Multi-Family
  • Has Basement: Crawl Space
  • Cooling System: Other - See Remarks, Window A/C
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 3.00
  • Hoa2 Or Poa: No
  • TotalAnnualExpen: 7967.00
  • Water Class: N/A
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.15
  • Lot: 7
  • Present Use: Converted

Building Info

  • Year Built: 1900

Tax Info

  • Taxes (6 mo): 2045.68

Multi Family

  • Tenant Pays: Cable TV, Electricity
  • Units In Building: 3.00
  • Multi Family Type: Triplex

MLS Schools

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2021 08/26/21 Sold $268,000 -4.3% $87 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $279,950 -- $91 / Sq Ft
Source: Roanoke Valley 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
2025 $4,065 $308,200 $45,900 $262,300
2024 $4,065 $296,200 $39,000 $257,200
2023 $3,015 $247,100 $32,800 $214,300
2022 $3,148 $235,000 $26,900 $208,100
2021 $1,998 $163,800 $25,100 $138,700
2020 $2,244 $163,800 $25,100 $138,700
2019 $2,244 $163,800 $18,300 $145,500
2018 $2,082 $150,500 $15,800 $134,700
2017 $1,767 $140,400 $15,800 $124,600
2016 $1,744 $138,500 $15,800 $122,700
2015 $1,574 $138,500 $15,800 $122,700
2014 $1,574 $138,500 $15,800 $0
Source: Public Records

Agents Affiliated with this Home

  • Derek Hicks

    Seller's Agent in 2021

    Derek Hicks

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 330-6126

    8 in this area

    50 Total Sales

    Derek Hicks
    Section Image
  • Matthew Zimmerman

    Seller Co-Listing Agent in 2021

    Matthew Zimmerman

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 759-1884

    8 in this area

    37 Total Sales

    Matthew Zimmerman
    Section Image
  • Todd Maxey

    Buyer's Agent in 2021

    Todd Maxey

    KELLER WILLIAMS REALTY ROANOKE

    (540) 613-1227

    1 in this area

    83 Total Sales

    Todd Maxey
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 880332

Roanoke Valley Association of REALTORS®

APN: 112-1109

Virginia Roanoke City County Roanoke 24016 Old Southwest

526 Mountain Ave SW, Roanoke, VA

Not Listed for Sale

MultiFamily

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