NOT LISTED FOR SALE

531 Borden Rd Lexington, VA 24450

Estimated Value: $209,126 - $259,000

2 Beds
1 Bath
979 Sq Ft
$234/Sq Ft Est. Value

Last Sold October 02, 2017

Last sale price $90,500 $92 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $1,343/month

101 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Primary Bedroom
  • Cottage
  • Harrington Waddell Elementary School Rated A
  • No HOA
  • Covered Patio or Porch

About This Home

As of October 2017

Nice home in a very desirable location. The interior has been freshly painted and has an unfinished attic and basement that provides ample storage or potential expansion. You can walk to downtown, W&L, and VMI. Easy access to Rt. 60. The house has an external security camera system.

Last Agent to Sell the Property

Steve Harris

Forest River Realty Listed on: 06/20/2017

Last Buyer's Agent

Leslie Giles

Lexington Real Estate Connection

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $909

Year Built

  • Built in 1950

Lot Details

  • 0.4 Acre Lot
  • Interior Lot
  • Lot Has A Rolling Slope

Parking

  • No Garage

Home Design

  • Cottage
  • Shingle Roof
  • Asbestos Siding

Interior Spaces

  • 979 Sq Ft Home
  • Ceiling Fan
  • Storm Doors
  • Washer

Kitchen

  • Gas Range
  • Microwave

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Attic

  • Attic Stairs
  • Unfinished Attic

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • Central Elementary School
  • Maury River Middle School
  • Rockbridge Co High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Flood Zone Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 15 1 4

Home Details

Home Type

Single Family

Est. Annual Taxes

$909

Year Built

Built in 1950

Lot Details

0

Listing Details

  • ConservationEsmnt: No
  • Directions: From downtown Lexington take Rt. 60 West to Borden Rd. (top of hill across from the W&L Lacrosse field)turn left on Borden Rd. House will be the second house on the left. Look for the Forest River Realty sign.
  • HistoricProperty: No
  • Listing Member Name: Steve Harris
  • Listing Office Short Id: FRR
  • Open House Office I D: 20150707140409798090000000
  • Hoa2 Or Poa: No
  • Prop. Type: Residential/Farm
  • Selling Member Short Id: LAG
  • Selling Office Short Id: jrrlex
  • Subdivision Yn: No
  • TotalFinSFApx: 979.00
  • Year Built: 1950
  • Taxes Dollars: 909.06
  • TotalAcresApx: 0.40
  • 1StFloorMstrBdrm: Yes
  • Total Assessed Value: 83400.00
  • Building Style: Cottage
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Basement: Full, Unfinished, Walkout
  • Full Bathrooms: 1.00
  • Updated Floor: Vinyl, Wood
  • Entry Location: Inside Lot
  • Appliances: Gas Range, Microwave, Refrigerator, Washer
  • Has Attic: Staircase, Unfinished
  • Lower Floor 1 Bedrooms: 2
  • Fireplace: None
  • Lower Floor 1 Bedrooms: 5

Exterior Features

  • Exterior: Asbestos
  • Exterior Features: Ceiling Fan(s), Porch-Front, Porch-Open, Storm Door-Front
  • Road Frontage: City Street, Paved Road
  • Roof: Shingle
  • Street: Borden
  • Surface Water: None
  • Tax Rate: 1.09
  • Flood Zone: NW
  • Fencing: None
  • Topography: Rolling
  • Exterior Features: Covered Porch
  • Guest House: No

Garage/Parking

  • Garage Spaces: None

Utilities

  • Cooling: Window Unit(s)
  • Heating: Gas
  • Sewer: Public Sewer
  • Utilities Available: Cable
  • Water: Public Water
  • Water Heater: Natural Gas

Schools

  • Elementary School: Central
  • Middle School: Maury River
  • High School: Rockbridge Co
  • Elementary School: Central
  • High School: Rockbridge Co
  • Middle School: Maury River

Lot Info

  • Future Land Use: No
  • Zoning: Residential
  • Best Use: Investment, Residential
  • Current Use: Residential

Tax Info

  • Tax Map Number: 15 1 4
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2017
Closed on
Sep 14, 2017
Sold by
Hartbarger Larry A and Hartbarger Allen Lynn
Bought by
Hodges Timothy M and Hodges Victoria F
Seller's Agent
Steve Harris
Forest River Realty
Buyer's Agent
Leslie Giles
Lexington Real Estate Connection
List Price
$119,000
Sold Price
$90,500
Premium/Discount to List
-$28,500
-23.95%
Current Estimated Value
$229,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,875
Avg. Annual Appreciation
10.82%
Original Mortgage
$72,400
Outstanding Balance
$61,162
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$143,637

Purchase Details

Closed on
Mar 28, 2017
Sold by
Hartbarger Alva R
Bought by
Hartbarger Larry
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
Hodges Timothy M $90,500 None Available
Hartbarger Larry -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hodges Timothy M $72,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2017 10/02/17 Sold $90,500 -23.9% $92 / Sq Ft
09/29/2017 09/29/17 Pending -- -- --
06/20/2017 06/20/17 For Sale $119,000 -- $122 / Sq Ft
Source: Rockbridge Highlands 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
2024 $1,231 $133,829 $45,000 $88,829
2023 $993 $133,829 $45,000 $88,829
2022 $993 $133,829 $45,000 $88,829
2021 $909 $93,692 $42,500 $51,192
2020 $993 $93,692 $42,500 $51,192
2019 $6,714 $93,692 $42,500 $51,192
2018 $970 $93,700 $42,500 $51,200
2017 -- $83,400 $42,500 $40,900
2016 $909 $83,400 $42,500 $40,900
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Steve Harris

    Forest River Realty

    Section Image

  • L

    Buyer's Agent in 2017

    LESLIE GILES

    Lexington Real Estate Connection

    (540) 460-2201

    54 in this area

    84 Total Sales

    LESLIE GILES
    Section Image
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Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 132040

APN: 15-1-4

Virginia Lexington City County Lexington 24450

531 Borden Rd, Lexington, VA

This home is located at 531 Borden Rd, Lexington, VA 24450 since 20 June 2017 and is currently estimated at $229,375, approximately $234 per square foot. This property was built in 1950. 531 Borden Rd is a home located in Lexington City with nearby schools including Harrington Waddell Elementary School, Lylburn Downing Middle School, and Earthsong Community School.

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