533 Island Rd Bristol, VA 24201
3
Beds
2
Baths
1,735
Sq Ft
3.39
Acres
Highlights
- Wood Flooring
- No HOA
- Paneling
- Heated Sun or Florida Room
- Cottage
- Cooling Available
About This Home
As of February 2025PRICE REDCUTED!! Opportunity awaits--- for investors and potential homeowners alike, seeking a dwelling on a LARGE 3+ acre lot just minutes from amenities, Bristol Regional Medical Center, and the Hard Rock Hotel and Casino! This 3 bedroom, 2 bath cottage has potential to be your ONE LEVEL LIVING at it's finest! First impressions are good--- a good sized home with a 2 car detached garage, asphalt driveway, HUGE yard with mature fruit trees, etc. In addition, there is a separate building with sizable square footage that was once used for worship services and includes bathroom and kitchen area. An interesting find in a PRIME location, zoned B-1, that could continue to be exactly what it is now, or could also support a multi-family scenario. Whether you're seeking the lot/ land for development--- or you're seeking a potential fixer, this one is a must-see!
Last Agent to Sell the Property
Prestige Homes of the Tri Cities, Inc. License #335668 Listed on: 10/26/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,196
Year Built
- Built in 1949
Lot Details
- 3.39 Acre Lot
- Level Lot
- Property is in below average condition
Parking
- 2 Car Garage
Home Design
- Cottage
- Block Foundation
- Shingle Roof
- Aluminum Siding
Interior Spaces
- 1,735 Sq Ft Home
- 1-Story Property
- Paneling
- Heated Sun or Florida Room
- Crawl Space
- Electric Dryer Hookup
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Schools
- Stonewall Jackson Elementary School
- Virginia Middle School
- Virginia High School
Utilities
- Cooling Available
- Heat Pump System
- Septic Tank
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 412 A 3
- Seller Considering Concessions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 26, 2024
Closed on
Feb 21, 2025
Sold by
Jerry N Ivey Trust and Ivey Andrew M
Bought by
Tri Cities Homebuyers Llc
Seller's Agent
Rebecca Arnold
Prestige Homes of the Tri Cities, Inc.
Buyer's Agent
Reed Thomas
Prestige Homes of the Tri Cities, Inc.
List Price
$289,900
Sold Price
$159,500
Premium/Discount to List
-$130,400
-44.98%
Views
145
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
68.98%
Original Mortgage
$265,700
Outstanding Balance
$264,809
Interest Rate
6.93%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$67,032
Purchase Details
Closed on
Sep 18, 2015
Sold by
Ivey Jerry N
Bought by
Ivey Tr Jerry N and Jerry N Ivey Trust
Similar Homes in Bristol, VA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $159,500 | Chicago Title | |
| Warranty Deed | $159,500 | Chicago Title | |
| Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $265,700 | Credit Line Revolving | |
| Closed | $265,700 | Credit Line Revolving | |
| Previous Owner | $50,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/05/2025 07/05/25 | Pending | -- | -- | -- |
| 06/27/2025 06/27/25 | For Sale | $289,850 | +81.7% | $167 / Sq Ft |
| 02/24/2025 02/24/25 | Sold | $159,500 | -30.7% | $92 / Sq Ft |
| 02/01/2025 02/01/25 | Pending | -- | -- | -- |
| 01/27/2025 01/27/25 | Price Changed | $230,000 | -11.5% | $133 / Sq Ft |
| 12/14/2024 12/14/24 | Price Changed | $259,900 | -10.3% | $150 / Sq Ft |
| 10/26/2024 10/26/24 | For Sale | $289,900 | -- | $167 / Sq Ft |
Source: Tennessee/Virginia Regional MLS
Tax History Compared to Growth
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 | $1,196 | $106,800 | $20,000 | $86,800 |
| 2023 | $1,250 | $106,800 | $20,000 | $86,800 |
| 2022 | $1,196 | $106,800 | $20,000 | $86,800 |
| 2021 | $1,196 | $106,800 | $20,000 | $86,800 |
| 2020 | $957 | $81,800 | $20,000 | $61,800 |
| 2019 | $957 | $81,800 | $20,000 | $61,800 |
| 2018 | $479 | $81,800 | $20,000 | $61,800 |
| 2016 | -- | $78,400 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Rob Thomas
Prestige Homes of the Tri Cities, Inc.
(423) 341-6954
192 Total Sales
-
Seller's Agent in 2025
Rebecca Arnold
Prestige Homes of the Tri Cities, Inc.
(423) 217-0346
183 Total Sales
-
Buyer's Agent in 2025
Reed Thomas
Prestige Homes of the Tri Cities, Inc.
(423) 341-6866
158 Total Sales
Map
Source: Tennessee/Virginia Regional MLS
MLS Number: 9972698
APN: 412-A-3
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