NOT LISTED FOR SALE

540 Possum Island Rd Madison Heights, VA 24572

Estimated Value: $271,000 - $337,000

3 Beds
3 Baths
2,383 Sq Ft
$123/Sq Ft Est. Value

Last Sold June 19, 2012

Last sale price $130,000 $55 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $1,615/month

155 Days on Market

Highlights

  • Ranch Style House
  • Fireplace in Basement
  • Garden
  • Laundry Room
  • En-Suite Primary Bedroom
  • Outdoor Storage

About This Home

As of June 2012

Are you looking for a home that is close to Lynchburg and the bypass? Well this is it! Just minutes from Lynchburg but with that country setting that you have been looking for! This home features 3 bedrooms and 3 full baths. Has fresh paint and has been immaculately maintained. With a cathedral ceiling in the living room and kitchen, this open floor plan is great for entertaining! A large den/recreation room downstairs has room for a pool table or just extra room for relaxation! Do you need room for the kids to play? Well there are two extra rooms downstairs just waiting for those toys or maybe a home office! This is a great family home and is ready to be enjoyed!

Last Agent to Sell the Property

Melissa Maynard

Century 21 All-Service-AMH License #0225198189 Listed on: 01/16/2012

Last Buyer's Agent

Angie Holt

Key to Your Heart Realty License #0225060153

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $665

Year Built

  • Built in 1995

Lot Details

  • 0.63 Acre Lot
  • Landscaped
  • Garden
  • Property is zoned R1

Home Design

  • Ranch Style House
  • Shingle Roof

Interior Spaces

  • 2,383 Sq Ft Home
  • Ceiling Fan
  • Gas Log Fireplace
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Fireplace in Basement
  • Laundry in Basement

Outdoor Features

  • Outdoor Storage

Schools

  • Amelon Elementary School
  • Monelison Midl Middle School
  • Amherst High School

Utilities

  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 148C-2-33

Home Details

Home Type

Single Family

Est. Annual Taxes

$665

Year Built

Built in 1995

Lot Details

0

Listing Details

  • FILLACRES: 0.6300
  • BuildingOnProperty: Storage Building
  • Directions: Take 130 exit off the 29 bypass. Take a right at the light (Dixie Airport Road) Turn Right on Possum Island and home is about 2 miles on the left
  • Lot Measurement: Acres
  • Lot Sq Ft: 27443.00
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 148C-2-33
  • Year Built: 1995
  • FullBathBelowGrade: 1
  • Heating System: Heat Pump, Hot Water-Oil
  • Building Stories: One
  • Dwelling Styles: Ranch
  • Officeden Len: 26.000
  • Officeden Wid: 15.000
  • Laundryroom Dim: 9.000 x 9.000
  • Laundryroom Len: 9.000
  • Living Room Dim: 16.000 x 15.000
  • Livingroom Len: 16.000
  • Livingroom Wid: 15.000
  • Masterbedroom Area: 182.000000
  • Master Bedroom Dim: 13.000 x 14.000
  • Masterbedroom Len: 13.000
  • Masterbedroom Wid: 14.000
  • Office Dim: 0.000 x 0.000
  • Other Room1 Area: 108.000000
  • Other Room1 Len: 12.000
  • Other Room2 Area: 126.000000
  • Other Room2 Len: 14.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 3.00
  • Bathrooms Display: 3 (3 0)
  • Lower Floor 1 Bedrooms: 3
  • Broker Approved: Yes
  • Legal Description: Lot 33 Sec 5 Lamont Acres
  • Reciprocal Listing: No
  • Second Bedroom: 11x12 Level: Level 1 Above Grade
  • Second Bedroom Area: 132.000000
  • Third Bedroom: 11x12 Level: Level 1 Above Grade
  • Third Bedroom Area: 132.000000
  • Above Grade Finished Sq Ft: 1232.00
  • ApplianceConvey: Dishwasher, Range-Elec, Refrigerator
  • Has Attic: None
  • Has Basement: Exterior Entrance, Finished, Fireplace, Full, Heated, Interior Entrance, Walkout
  • Breakfast Area: 8x11 Level: Level 1 Above Grade
  • Flooring: Carpet, Vinyl
  • Year Built Exception: 0
  • Deck: 12x10 Level: Level 1 Above Grade
  • Den: 26x15 Level: Below Grade
  • Fireplace: 1 Fireplace, Gas Log
  • Level 1 Full Bathrooms: 2
  • Interior Amenities: Ceiling Fan(s), Drywall, Master Bed w/ Bath, Pantry, Smoke Alarm
  • Dining Kitchen: 8x11 Level: Level 1 Above Grade
  • Laundry: Basement, Dryer Connection, Laundry Room, Washer Connections
  • Laundry Room: 9x9 Level: Below Grade
  • Living Room: 16x15 Level: Level 1 Above Grade
  • Master Bedroom: 13x14 Level: Level 1 Above Grade
  • Other Room 1: 12x9 Level: Below Grade
  • Other Room 2: 14x9 Level: Below Grade
  • Porch: 44x6 Level: Level 1 Above Grade
  • Additional Room 1 Description: Extra Room #1
  • Additional Room 2 Description: Extra Room #2
  • Den Area: 390.000000
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 88.000000
  • Laundry Room Area: 81.000000
  • LivingRoom Area: 240.000000
  • Est Other Room1 Dim: 12.000 x 9.000
  • Est Other Room2 Dim: 14.000 x 9.000
  • Est Other Room3 Dim: 0.000 x 0.000
  • Rec Room Dim: 0.000 x 0.000
  • Sunroom Dim: 0.000 x 0.000

Exterior Features

  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Garden Space, Landscaped, Insulated Glass, Undergrnd Utilities

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Air Conditioner: Heat Pump
  • Sewer: Septic Tank
  • Hot Water: County
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Amherst
  • Elementary School: Amelon Elem
  • Middle School: Monelison Midl
  • High School: Amherst High
  • Elementary School: Amelon Elem
  • High School: Amherst High
  • Middle School: Monelison Midl
  • School District: Amherst

Lot Info

  • Lot Sq Ft: 2383.00
  • Zoning: R1

Tax Info

  • Estimated Taxes: 665

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2012
Closed on
Jun 19, 2012
Sold by
Reeves Virginia Garvin
Bought by
Wright Michelle L
Seller's Agent
Melissa Maynard
Century 21 All-Service-AMH
Buyer's Agent
Angie Holt
Key to Your Heart Realty
List Price
$130,000
Sold Price
$130,000
Current Estimated Value
$292,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,435
Avg. Annual Appreciation
6.25%
Original Mortgage
$131,053
Outstanding Balance
$91,545
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$200,890

Purchase Details

Closed on
Nov 16, 2010
Sold by
Reeves Virginia Garvin
Bought by
Reeves Virginia Garvin and Virginia Garvin Reeves Trust

Purchase Details

Closed on
Apr 26, 2007
Sold by
Reevis Virginia Garvin
Bought by
Reeves Virginia G and Virginia G Reeves Living Trust
Source: Public Records

Range of Values:

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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
Wright Michelle L $130,000 Multiple
Reeves Virginia Garvin -- None Available
Reeves Virginia Garvin -- None Available
Reeves Virginia G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Michelle L $131,053
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2012 06/19/12 Sold $130,000 0.0% $55 / Sq Ft
06/19/2012 06/19/12 Pending -- -- --
01/16/2012 01/16/12 For Sale $130,000 -- $55 / Sq Ft
Source: Lynchburg Association of 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
2025 $925 $151,600 $17,500 $134,100
2024 $925 $151,600 $17,500 $134,100
2023 $925 $151,600 $17,500 $134,100
2022 $925 $151,600 $17,500 $134,100
2021 $925 $151,600 $17,500 $134,100
2020 $925 $151,600 $17,500 $134,100
2019 $916 $150,100 $23,500 $126,600
2018 $916 $150,100 $23,500 $126,600
2017 $916 $150,100 $23,500 $126,600
2016 $916 $150,100 $23,500 $126,600
2015 $841 $150,100 $23,500 $126,600
2014 $841 $150,100 $23,500 $126,600
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Melissa Maynard

    Century 21 All-Service-AMH

  • A

    Buyer's Agent in 2012

    Angie Holt

    Key to Your Heart Realty

    (434) 841-0506

    7 in this area

    135 Total Sales

    Angie Holt
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 270372

APN: 148C-2-33

Virginia Amherst County Madison Heights 24572

540 Possum Island Rd, Madison Heights, VA

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