NOT LISTED FOR SALE

526 Whites Mill Rd Abingdon, VA 24210

Abingdon Area
49 Beds
49 Baths
51,328 Sq Ft
1.98 Acre 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

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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
  • MLS Status: Sold
  • Standard Status: Closed
  • 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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Abingdon, VA

  • Mitch Anders Real Estate Agent - United Country Anders Realty & Auction

    Mitch Anders

    United Country Anders Realty & Auction

    (276) 277-9520

    142 Total Sales

    1 in Abingdon

    $575,000 Price

    Mitch Anders
     Section Image
  • Debra Perry / ABR, e-PRO, GRI Real Estate Agent - Park Hill Realty Group, LLC

    Debra Perry / ABR, e-PRO, GRI

    Park Hill Realty Group, LLC

    (276) 500-5082

    38 Total Sales

    3 in Abingdon

    $379K - $425K Price Range

    Debra Perry / ABR, e-PRO, GRI
     Section Image
  • Jason Johnston Real Estate Agent - Coldwell Banker Security Real Estate

    Jason Johnston

    Coldwell Banker Security Real Estate

    (423) 460-8842

    59 Total Sales

    4 in Abingdon

    $210K - $700K Price Range

    Jason Johnston
     Section Image
  • Brittany Shutts Real Estate Agent - CENTURY 21 Legacy Fort Henry

    Brittany Shutts

    CENTURY 21 Legacy Fort Henry

    (423) 455-2839

    49 Total Sales

    2 in Abingdon

    $135K - $217K Price Range

    Brittany Shutts
     Section Image
  • Vince Turner Real Estate Agent - The Addington Agency Bristol

    Vince Turner

    The Addington Agency Bristol

    (423) 455-5272

    34 Total Sales

    2 in Abingdon

    $450K - $899K Price Range

    Vince Turner
     Section Image
  • Maxwell Yates Real Estate Agent - Matt Smith Realty

    Maxwell Yates

    Responds Quickly

    Matt Smith Realty

    (276) 477-2290

    120 Total Sales

    53 in Abingdon

    $27K - $760K Price Range

    Maxwell Yates
     Section Image
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Purchase 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 Buyer Sale Price Title Company
$1,200,000 Attorney
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $1,200,000
Closed Homestate Properties Llc $1,200,000
Previous Owner Finndillon Inc $1,000,000
Previous Owner Finndillon Inc $919,751
Previous Owner Finndillon Inc $920,000
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 Real Estate Agent - Meade Realty

    Seller's Agent in 2019

    Ralph Johnson

    Meade Realty

    (888) 828-3789

    59 Total Sales

    Ralph Johnson
    Section Image

  • NN

    Buyer's Agent in 2019

    Non Member Non Member

    Non Member Office

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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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