NOT LISTED FOR SALE

5514 Woodland Ln Unit 5516 Roanoke, VA 24018

Cave Spring Neighborhood

Estimated Value: $290,000 - $428,000

4 Beds
4 Baths
1,792 Sq Ft
$196/Sq Ft Est. Value

Last Sold January 27, 2023

Last sale price $270,000 $151 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,147/month

42 Days on Market

About This Home

As of January 2023

Great opportunity for new or experienced investor to own or add a high end portfolio of properties in great Roanoke County areas! One of two brick/vinyl duplexes (5510 Woodland MLS #894665) and a brick townhome(127 Southampton Drive MLS # 894663) located in Vinton offered as a package sale for $735,000 all together. Duplexes are located on adjacent lots in heart of SW Roanoke County. Each 896 SF townhouse style unit features 2 BR & 1.5 BA. The units offer large living rooms & laundry closets, kitchens w/ dishwashers. Central HVAC. All utilities are separated. Built in 1995 the properties have been exceptionally well maintained w/ many recent upgrades, including metal roofs on each building. Buyer/Buyer's agent to verify all information no expressed/implied warrantie

Last Agent to Sell the Property

Chase OBryan

O'BRYAN & ASSOCIATES REAL ESTATE INC License #0225248944 Listed on: 12/01/2022

Last Buyer's Agent

Michael Waldvogel

WALDVOGEL COMMERCIAL PROPERTIES License #0225079460

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,938

Year Built

  • Built in 1995

Lot Details

  • 0.44 Acre Lot

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 1,792 Sq Ft Home
  • Crawl Space

Schools

  • Penn Forest Elementary School
  • Cave Spring Middle School
  • Cave Spring High School

Utilities

  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot PT 7

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • Insurance Expense $703
  • Maintenance Expense $1,200
  • Other Expense $1,000
  • New Taxes Expense $1,938
  • Operating Expense $4,841
  • Gross Income $26,940
  • Net Operating Income $22,099

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,938

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Crawl Space
  • Cooling System: Heat Pump Electric
  • CondoAssocYN: No
  • ExpensesOtherExp: 1000.00
  • ExpensesTaxExp: 1938.00
  • Major Area: 02 - Roanoke County
  • NumberLeasedUnits: 1.00
  • NumberUnfurnished: 2.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2023-01-12
  • TotalAnnualExpen: 4841.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Underground Util
  • Amenities Common: Cable TV

Schools

  • Elementary School: Penn Forest
  • Middle School: Cave Spring
  • High School: Cave Spring

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.44
  • Lot: PT 7
  • ZoningCode: R2

Building Info

  • Year Built: 1995

Tax Info

  • Taxes (6 mo): 1938.00
  • FILLTAXID: 087.14-02-09.00-0000

Multi Family

  • Lease Type: One Year
  • Tenant Pays: All Utilities
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: Penn Forest
  • HighSchool: Cave Spring
  • Middle School: Cave Spring

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2021
Closed on
Sep 7, 2021
Sold by
Clark Glenn D and Clark Sally M
Bought by
Carriage Properties Llc
Seller's Agent
Matt O'bryan
O'BRYAN & ASSOCIATES REAL ESTATE INC
Buyer's Agent
Matt O'bryan
O'BRYAN & ASSOCIATES REAL ESTATE INC
List Price
$242,475
Sold Price
$225,000
Premium/Discount to List
-$17,475
-7.21%
Current Estimated Value
$350,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,906
Avg. Annual Appreciation
12.36%
Original Mortgage
$382,500
Outstanding Balance
$351,818
Interest Rate
2.8%
Mortgage Type
Amount Keyed Is An Aggregate Amount
Estimated Equity
-$2,280
Source: Public Records

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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
Carriage Properties Llc $450,000 Fidelity National Ttl Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carriage Properties Llc $382,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2023 01/27/23 Sold $270,000 -6.9% $151 / Sq Ft
01/12/2023 01/12/23 Pending -- -- --
12/01/2022 12/01/22 For Sale $290,000 +28.9% $162 / Sq Ft
09/10/2021 09/10/21 Sold $225,000 -7.2% $126 / Sq Ft
07/28/2021 07/28/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $242,475 -- $135 / Sq Ft
Source: Roanoke Valley 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
2024 $2,300 $221,200 $37,000 $184,200
2023 $2,197 $207,300 $37,000 $170,300
2022 $1,974 $181,100 $37,000 $144,100
2021 $1,775 $162,800 $32,000 $130,800
2020 $1,711 $157,000 $33,600 $123,400
2019 $1,623 $148,900 $31,500 $117,400
2018 $1,597 $147,900 $31,500 $116,400
2017 $1,597 $146,500 $31,500 $115,000
2016 $1,597 $146,500 $31,500 $115,000
2015 $1,576 $144,600 $29,400 $115,200
2014 $1,565 $143,600 $28,400 $115,200
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    Chase OBryan

    O'BRYAN & ASSOCIATES REAL ESTATE INC

    (540) 204-6630

    3 in this area

    18 Total Sales

    Chase OBryan
    Section Image
  • Michael Waldvogel

    Buyer's Agent in 2023

    Michael Waldvogel

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 342-0800

    6 in this area

    20 Total Sales

    Michael Waldvogel
    Section Image
  • Krista Vannoy

    Buyer Co-Listing Agent in 2023

    Krista Vannoy

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 225-2490

    6 in this area

    19 Total Sales

    Krista Vannoy
    Section Image

  • M

    Seller's Agent in 2021

    Matt O'bryan

    O'BRYAN & ASSOCIATES REAL ESTATE INC

    (540) 330-4004

    6 in this area

    29 Total Sales

    Matt O'bryan
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 894666

Roanoke Valley Association of REALTORS®

APN: 087.14-02-09

Virginia Roanoke County Roanoke 24018 Cave Spring

5514 Woodland Ln Unit 5516, Roanoke, VA

This home is located at 5514 Woodland Ln Unit 5516, Roanoke, VA 24018 since 01 December 2022 and is currently estimated at $350,906, approximately $195 per square foot. This property was built in 1995. 5514 Woodland Ln Unit 5516 is a home located in Roanoke County with nearby schools including Penn Forest Elementary School, Cave Spring Middle School, and Cave Spring High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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