NOT LISTED FOR SALE

551 Lawrence Dr Martinsville, VA 24112

Estimated Value: $145,661

56 Acres
$2,601 Price per Acre
2,439,360 Sq Ft Lot

Last Sold January 23, 2017

Last sale price $85,000

Est. 71% increase in value since last sale

Current estimated payment $811/month

569 Days on Market

Highlights

  • Home fronts a creek
  • Farm
  • Partially Wooded Lot
  • 2,439,360 Sq Ft lot

About This Lot

As of January 2017

Beautiful farm land with old home built in 1908 now used as hunting cabin (not in the best of condition) , creek on property with approx. 8 acres in pasture, mature trees, 5 stall shed.

Last Agent to Sell the Property

Brenda Vaughn

Vaughn Real Estate Brokerage Phone: 2766563999 License #0225108532 Listed on: 05/19/2015

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $500

Lot Details

  • 56 Acre Lot
  • Home fronts a creek
  • Partially Wooded Lot
  • Property is zoned A-1 Agr

Farming

  • Farm
  • Timber

Utilities

  • Well
  • Septic Tank
  • Phone Available

Community Details

  • Axton Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$500

Lot Details

0

Listing Details

  • Property Sub Type: Land
  • Prop. Type: Land
  • Lot Size: 56 Acres
  • Road Surface Type: Paved
  • Subdivision Name: Axton
  • Directions: Left onto Chatham Road, go 7.4 miles, take right on Lawrence Drive, property on left
  • Attribution Contact: 2766563999
  • Special Features: None

Exterior Features

  • Lot Features: Farm, Land, Timber, Partially Wooded
  • Waterfront Features: Creek

Utilities

  • Sewer: Septic Tank
  • Utilities: Electricity Available, Phone Available
  • Water Source: Well

Lot Info

  • Lot Size Sq Ft: 2439360
  • Wooded Area: 1742400
  • Zoning: A-1 Agr
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2015
Closed on
Jan 23, 2017
Sold by
Mcghee Donald W
Bought by
Legacy Acres Llc
Seller's Agent
Brenda Vaughn
Vaughn Real Estate
List Price
$85,000
Sold Price
$85,000
Current Estimated Value
$145,661

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,661
Avg. Annual Appreciation
6.28%
Original Mortgage
$63,750
Outstanding Balance
$31,319
Interest Rate
3.75%
Mortgage Type
Commercial
Estimated Equity
$114,342
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Legacy Acres Llc $85,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Legacy Acres Llc $63,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2017 01/23/17 Sold $85,000 0.0% --
12/09/2016 12/09/16 Pending -- -- --
05/19/2015 05/19/15 For Sale $85,000 -- --
Source: Martinsville, Henry & Patrick Counties 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 $500 $90,000 $89,000 $1,000
2024 $500 $90,000 $89,000 $1,000
2023 $500 $90,000 $89,000 $1,000
2022 $500 $90,000 $89,000 $1,000
2021 $547 $98,600 $89,000 $9,600
2020 $547 $98,500 $89,000 $9,500
2019 $547 $98,500 $89,000 $9,500
2018 $54,668 $98,500 $89,000 $9,500
2017 $48,563 $87,500 $78,000 $9,500
2016 $38,698 $79,300 $69,800 $9,500
2015 $38,698 $79,300 $69,800 $9,500
2014 -- $79,300 $69,800 $9,500
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2017

    Brenda Vaughn

    Vaughn Real Estate

    (276) 340-0336

    35 Total Sales

    Brenda Vaughn
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Map

Source: Martinsville, Henry & Patrick Counties Association of REALTORS®

MLS Number: 128292

APN: 146250003

Virginia Henry County Martinsville 24112

551 Lawrence Dr, Martinsville, VA

Not Listed for Sale

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