NOT LISTED FOR SALE

526 Whites Mill Rd Abingdon, VA 24210

49 Beds
49 Baths
51,328 Sq Ft
1.98 Acres Lot

Sale Details

Date Sold: September 16, 2019

Last sale price $1,200,000 $23 Per Sq Ft

222 Days on Market

Highlights

  • 1.98 Acre Lot
  • Mature Trees
  • Forced Air Heating and Cooling System
  • Greendale Elementary School Rated 9+
  • Paneling
  • 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 BEDROOMS UNITS THAT RENTS FOR $425.OO PER MONTH,, AND 11 EFFICIENCY UNITS THAT RENTS FOR $375.00 PER MONTH.INCOME IS BASED ON ALL UNITS BEING RENTED, EXPENSES ARE ESTIMATED AT 30% OF INCOME. COMMON AREA FOR LAUNDRY.

Last Agent to Sell the Property

Ralph Johnson

Meade Realty License #0225006140 Listed on: 10/19/2018

Last Buyer's Agent

Non Member Non Member

Non Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,815

Year Built

  • Built in 1979

Lot Details

  • 1.98 Acre Lot
  • Mature Trees

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 51,328 Sq Ft Home
  • Paneling
  • Crawl Space

Kitchen

  • Oven or Range
  • Stove
  • Range Hood

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 49 Bedrooms
  • 49 Bathrooms

Parking

  • Paved Parking
  • Open Parking

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Natural Gas Not Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $950
  • Tax Lot 6

Community Details

Overview

  • 33 Units

Building Details

  • Insurance Expense $6,105
  • Other Expense $19,754
  • Gross Income $175,900
  • Net Operating Income $123,124

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,815

Year Built

Built in 1979

Lot Details

1.98 Acres

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.98
  • Lot Size: 1.98 ACRES
  • Road Surface Type: Paved
  • Directions: FROM EXIT 17 OF INTERSTATE 81 GO NORTH ON CUMMING ST. TO VALLEY STREET, RIGHT VALLEY STREET TO WHITES MILL ROAD, LEFT ON WHITES MILL ROAD TO PROPERTY ON RIGHT.
  • Structure Type: Multiple Buildings
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Appliances: Range Hood, Range/Oven, Refrigerator, Electric Water Heater, 1 Bdrm-Stove, 2 Bdrm-Stove, 1 Bdrm-Refrigerator, 2 Bdrm-Refrigerator
  • Has Basement: Crawl Space
  • Total Bedrooms: 49
  • Fireplace Features: None
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Paneling
  • Living Area: 51328
  • Window Features: Single Pane

Exterior Features

  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Property Disclosure
  • Construction Type: Brick
  • Exterior Features: Mature Trees
  • Foundation Details: Slab
  • Property Condition: Exterior Condition: Average, Interior Condition: Average
  • Roof: Shingle

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Paved

Utilities

  • Laundry Features: Common Area, Other
  • Cooling: Central Air, 1 Bdrm-Central A/C, 2 Bdrm-Central A/C
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Electric Heat
  • Heating Yn: Yes
  • Electric: Separate Meters
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Natural Gas Not Available
  • Water Source: Public

Schools

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

Lot Info

  • Lot Size Sq Ft: 86248.8
  • Zoning: R3
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 33
  • Annual Gross Income: 175900
  • Insurance Expense: 6105
  • Property Net Operating Income: 123124
  • Number Of Units Leased: 33
  • Total Actual Rent: 950
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 10815.35
  • Tax Lot: 6
  • Tax Map Number: 002-1-6
  • Tax Year: 2018
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/16/2019 09/16/19 Sold $1,200,000 -14.3% $23 / Sq Ft
05/30/2019 05/30/19 Pending -- -- --
10/19/2018 10/19/18 For Sale $1,400,000 -- $27 / Sq Ft
Source: Southwest Virginia Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $5,976 $1,389,800 $198,000 $1,191,800
2025 $5,976 $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

  • Ralph Johnson

    Seller's Agent in 2019

    Ralph Johnson

    Meade Realty

    (888) 828-3789

    7 in this area

    60 Total Sales

    Ralph Johnson
    Section Image

  • N

    Buyer's Agent in 2019

    Non Member Non Member

    Non Member Office

See All Agents

Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 67074

Virginia Washington County Abingdon 24210

526 Whites Mill Rd, Abingdon, VA

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