NOT LISTED FOR SALE

526 Whites Mill Rd Unit 6 Abingdon, VA 24210

-- Bed
-- Bath
-- Sq Ft
1.98 Acres

Last Sold September 16, 2019

Last sale price $1,200,000

227 Days on Market

Highlights

  • 1.98 Acre Lot
  • Central Air
  • Heating Available
  • Greendale Elementary School Rated 9+
  • Carpet
  • 3-minute walk to Munchkin Park

About This Home

As of September 2019

GREAT INVESTMENT OPPORTUNITY ON 33 UNIT APARTMENTS, 16 TOWNHOUSE STYLE UNITS THAT RENTS FOR $525.00 PER MONTH, 6 ONE BEDROOM UNITS THAT RENTS $425.00 PER MONTH, AND 11 EFFICIENCY UNITS THAT RENTS FOR $375.00 PER MONTH. INCOME IS BASED ON ALL UNITS BEING RENTED. EXPENSES ARE ESTIMATE AT 30% OF INCOME. COMMON AREA FOR LAUNDRY.

Last Agent to Sell the Property

RALPH JOHNSON

MEADE REALTY Listed on: 10/19/2018

Last Buyer's Agent

Non Member

Non Member

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 1.98 Acre Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Range

Flooring

  • Carpet
  • Vinyl

Schools

  • Greendale Elementary School
  • E. B. Stanley Middle School
  • Abingdon High School

Utilities

  • Central Air
  • Heating Available

Community Details

  • Gross Income $175,900
  • Net Operating Income $123,124

Listing and Financial Details

  • Assessor Parcel Number 002-1-6

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Directions: FROM EXIT 17 OF INTERSTATE 81 GO NORTH ON CUMMINGS ST. TO VALLEY STREET, RIGHT ON VALLEY STREET TO WHITES MILL ROAD, LEFT ON WHITES MILL ROAD TO PROPERTY ON RIGHT.
  • Prop. Type: Residential Income
  • Year Built: 1979
  • Property Sub Type: Multi-Family
  • Architectural Style: Duplex, Other, See Remarks
  • Unit Levels: Two
  • Location Tax Legal Info Parcel ID: 002-1-6
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 1.98
  • General Property Description Zoning2: R3
  • General Property Description Elementary School3: Greendale
  • General Property Description Middle School2: E. B. Stanley
  • General Property Description High School3: Abingdon
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 1.98 ACRES
  • AC Central Air: Yes
  • Appliances Refrigerators: Yes
  • General Property Description Stories2: 2
  • Roof Composition: Yes
  • Flooring Carpet: Yes
  • Flooring Vinyl: Yes
  • General Property Description # Buildings: 1
  • Style Duplex: Yes
  • Levels:Two: Yes
  • Special Features: None

Interior Features

  • Appliances: Range, Refrigerator
  • Flooring: Vinyl, Carpet
  • Appliances Range: Yes

Exterior Features

  • Roof: Composition
  • Acres: 1.98
  • Construction Type: Brick
  • Exterior Finish Brick4: Yes

Utilities

  • Heating: Electric
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric: Yes

Schools

  • Elementary School: Greendale
  • High School: Abingdon
  • Middle Or Junior School: E. B. Stanley

Lot Info

  • Zoning: R3
  • Lot Dimensions: 1.98 ACRES
  • Lot Size Sq Ft: 86248.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 002-1-6
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 175900.0

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
09/16/2019 09/16/19 Sold $1,200,000 -14.3% --
06/04/2019 06/04/19 Pending -- -- --
10/19/2018 10/19/18 For Sale $1,400,000 -- --
Source: Tennessee/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 $7,165 $1,389,800 $198,000 $1,191,800
2024 $72 $1,194,200 $148,500 $1,045,700
2023 $7,166 $249,100 $0 $249,100
2022 $7,166 $249,100 $0 $249,100
2021 $7,166 $1,194,300 $148,500 $1,045,800
2019 $7,488 $1,188,500 $148,500 $1,040,000
2018 $7,488 $1,188,500 $148,500 $1,040,000
2017 $7,488 $1,188,500 $148,500 $1,040,000
2016 $7,941 $1,260,400 $148,500 $1,111,900
2015 $7,941 $1,260,400 $148,500 $1,111,900
2014 $7,941 $1,260,400 $148,500 $1,111,900
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    RALPH JOHNSON

    MEADE REALTY

  • N

    Buyer's Agent in 2019

    Non Member

    Non Member

See All Agents

Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 414016

Tennessee/Virginia Regional MLS

APN: 002 1 6

Virginia Washington County Abingdon 24210

526 Whites Mill Rd Unit 6, Abingdon, VA

Not Listed for Sale

MultiFamily

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