NOT LISTED FOR SALE

550 Gray Ave Winchester, VA 22601

Estimated Value: $348,000 - $406,810

4 Beds
3 Baths
2,131 Sq Ft
$176/Sq Ft Est. Value

Last Sold January 19, 2024

Last sale price $365,000 $171 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,213/month

16 Days on Market

Highlights

  • View of Trees or Woods
  • Rambler Architecture
  • 1 Fireplace
  • Deck
  • Wood Flooring
  • No HOA

About This Home

As of January 2024

Seller offering $10K towards closing costs or lower interest rate and use it towards 2-1 buy down on your interest rate, ask agent for details! Check out this over 2100 square feet brick Cape Cod home with fenced in yard. This recently updated 4 bedroom 3 bath brick home on north of historic district has beautiful hardwood floors on main & upper level, freshly painted, roof and gutters replaced in 2018, and all new HVAC system. The first floor boasts updated kitchen and bathroom with large living room with wood burning fireplace, and large dining room, and master bedroom. Upper level has 2 nice size bedrooms, and full bath, with some open space for an office or playroom at the top of the stairs. Enjoy the large-finished walkout basement with large full bath, laundry room, utility room, large bedroom, and large family/game room with wood burning stove, would be a great in-law suite or could be a great Airbnb, or rental. Enjoy the summers with the family BBQ’s in the back yard, with large deck. Home has large shed with power for storage or shop. Quick access to commuter routes, shops, and restaurants.

Last Agent to Sell the Property

Robert Adams

(540) 664-4510 robertadamssells@gmail.com Weichert Realtors - Blue Ribbon License #RS360350 Listed on: 11/01/2023

Weichert Realtors - Blue Ribbon

Last Buyer's Agent

Piedad Suarez

(703) 855-9915 psuarez@springhillres.com Spring Hill Real Estate, LLC.

Spring Hill Real Estate, LLC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,005

Year Built

  • Built in 1961 | Remodeled in 2023

Lot Details

  • West Facing Home
  • Partially Fenced Property
  • Property is zoned HR1

Parking

  • Driveway

Home Design

  • Rambler Architecture
  • Entry on the 1st floor
  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation

Interior Spaces

  • Property has 2 Levels
  • 1 Fireplace
  • Views of Woods
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Electric Oven or Range

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

Outdoor Features

  • Deck
  • Shed

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Winchester City Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 154-05- - 1-

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,005

Year Built

Built in 1961 | Remodeled in 2023

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2023-11-02
  • Federal Flood Zone: No
  • Year Built: 1961
  • Year Renovated: 2023
  • Automatically Close On Close Date: No
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator
  • Entry Floor: 1
  • Flooring Type: Wood, Concrete
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block, Brick/Mortar
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Full, Fully Finished
  • Total Sq Ft: 2131
  • Living Area Sq Ft: 2131
  • Price Per Sq Ft: 256.89
  • Above Grade Finished Sq Ft: 1401
  • Below Grade Finished Sq Ft: 730
  • Total Below Grade Sq Ft: 730
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Brick
  • View: Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Internet Services: DSL, Broadband

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Fencing: Partially
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Deck(s)
  • Zoning: HR1
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 2005.00
  • Assessor Parcel Number: 154-05- - 1-
  • Tax Lot: 1
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: WINCHESTER CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2023
Closed on
Jan 19, 2024
Sold by
Stonehenge Investments Llc
Bought by
Salgado Cerna Jose A and Lopez Reyes Santiago
Seller's Agent
Robert Adams
Weichert Realtors - Blue Ribbon
Buyer's Agent
Piedad Suarez
Spring Hill Real Estate, LLC.
List Price
$379,900
Sold Price
$365,000
Premium/Discount to List
-$14,900
-3.92%
Views
193
Current Estimated Value
$375,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,703
Avg. Annual Appreciation
1.64%
Original Mortgage
$358,388
Outstanding Balance
$352,211
Interest Rate
7.03%
Mortgage Type
FHA
Estimated Equity
$23,492

Purchase Details

Closed on
Sep 13, 2023
Sold by
Albritton Bonnie S
Bought by
Stonehenge Investments Llc

Purchase Details

Listed on
Mar 20, 2018
Closed on
Apr 30, 2018
Sold by
Humphrey Gwendolyn J
Bought by
Albritton Bonnie S
Seller's Agent
Roger Lamborne
MarketPlace REALTY
Buyer's Agent
Sherry Wilson
RE/MAX Executives
List Price
$189,900
Sold Price
$190,500
Premium/Discount to List
$600
0.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.48%
Original Mortgage
$190,500
Interest Rate
4.44%
Mortgage Type
VA

Purchase Details

Listed on
Mar 20, 2018
Closed on
Mar 2, 2018
Sold by
Humphrey Gwendolyn J and Corley Robert
Bought by
Humphrey Gwendolybn J
Seller's Agent
Roger Lamborne
MarketPlace REALTY
Buyer's Agent
Sherry Wilson
RE/MAX Executives
List Price
$189,900
Sold Price
$190,500
Premium/Discount to List
$600
0.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,500
Interest Rate
4.44%
Mortgage Type
VA

Purchase Details

Closed on
Dec 15, 2006
Sold by
Hunphrey Gwendolyn J and Corley Gwendolyn J
Bought by
Corley Gwendolyn H and Corley Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,000
Interest Rate
6.29%
Mortgage Type
New Conventional
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
Salgado Cerna Jose A $365,000 Jdm Title
Stonehenge Investments Llc $260,000 Clear Title
Albritton Bonnie S $190,500 Old Republic National Title
Humphrey Gwendolybn J -- None Available
Corley Gwendolyn H -- Freedom Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salgado Cerna Jose A $358,388
Previous Owner Albritton Bonnie S $190,500
Previous Owner Corley Gwendolyn H $187,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/19/2024 01/19/24 Sold $365,000 +1.4% $171 / Sq Ft
11/08/2023 11/08/23 Price Changed $359,900 -2.7% $169 / Sq Ft
11/07/2023 11/07/23 Price Changed $369,900 -2.6% $174 / Sq Ft
11/01/2023 11/01/23 For Sale $379,900 +99.4% $178 / Sq Ft
04/30/2018 04/30/18 Sold $190,500 +0.3% $89 / Sq Ft View Prior Sale
03/27/2018 03/27/18 Pending -- -- --
03/20/2018 03/20/18 For Sale $189,900 -- $89 / Sq Ft
Source: Bright MLS

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 $2,914 $366,600 $45,000 $321,600
2024 $2,401 $289,300 $45,000 $244,300
2023 $2,401 $289,300 $45,000 $244,300
2022 $2,005 $215,600 $45,000 $170,600
2021 $2,005 $215,600 $45,000 $170,600
2020 $1,646 $177,000 $45,000 $132,000
2019 $1,646 $177,000 $45,000 $132,000
2018 $1,180 $129,700 $38,300 $91,400
2017 $1,087 $129,700 $38,300 $91,400
2016 $1,087 $119,500 $38,300 $81,200
2015 $1,087 $119,500 $38,300 $81,200
2014 $1,019 $107,300 $38,300 $69,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: VAWI2004642

Bright MLS

APN: 154-05-1