$211,500
SOLD SEP 22, 2020

5522 Crestwood Dr Unit 5524 Roanoke, VA 24018

Cave Spring Neighborhood
-- Bed
-- Bath
2,100 Sq Ft
0.26 Acres

Recently Sold

$101 Per Sq Ft

6% Below List Price

11 Days on Market

Highlights

  • No HOA
  • Penn Forest Elementary School Rated A
  • Central Air

About This Home

As of September 2020

SW County brick duplex built in 99. Side-by-side two-story units. 2 BR with 1BA. Comparable rents in the neighborhood are $900 - $950 per month. Stable investment opportunity with upside potential. Property sold ''as is''.

Last Agent to Sell the Property

Jason Fountain

VRC PROPERTIES LLC License #0225077081 Listed on: 07/20/2020

Co-Listed By

Matthew Zimmerman

WALDVOGEL COMMERCIAL PROPERTIES License #0225229039

Last Buyer's Agent

Jason Fountain

VRC PROPERTIES LLC License #0225077081 Listed on: 07/20/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,222

Year Built

  • Built in 1999

Lot Details

  • 0.26 Acre Lot

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 2,100 Sq Ft Home
  • Crawl Space

Schools

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

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 2 / Crestwood Estates

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Insurance Expense $800
  • Maintenance Expense $1,377
  • Other Expense $860
  • New Taxes Expense $2,222
  • Operating Expense $5,259
  • Gross Income $18,120
  • Net Operating Income $11,955

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,222

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Crawl Space
  • Cooling System: Central Cooling
  • ExpensesOtherExp: 860.00
  • ExpensesTaxExp: 2222.00
  • Major Area: 02 - Roanoke County
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 2.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2020-07-31
  • TotalAnnualExpen: 5259.00
  • Water Class: N/A
  • 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

Schools

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

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.26
  • Lot: 2
  • Present Use: Built-As
  • Phase: 1
  • ZoningCode: R2

Building Info

  • Year Built: 1999

Tax Info

  • Taxes (6 mo): 2222.00
  • FILLTAXID: 087.14-06-02.00-0000

Multi Family

  • Tenant Pays: Electricity
  • 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 20, 2020
Closed on
Sep 22, 2020
Sold by
Knight Thomas H and Thomas H Knight Revocable Trus
Bought by
Ponnada Suresh Kumar and Ramu Santosh
Seller's Agent
Jason Fountain
VRC PROPERTIES LLC
Buyer's Agent
Jason Fountain
VRC PROPERTIES LLC
List Price
$225,000
Sold Price
$211,500
Premium/Discount to List
-$13,500
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.70%
Original Mortgage
$158,625
Outstanding Balance
$140,769
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$227,893
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $211,500 Virginia Title Center
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $158,625 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2025 09/27/25 For Sale $415,000 +96.2% $198 / Sq Ft
09/22/2020 09/22/20 Sold $211,500 -6.0% $101 / Sq Ft
07/31/2020 07/31/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $225,000 -- $107 / 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
2025 $2,641 $256,400 $40,000 $216,400
2024 $2,485 $238,900 $40,000 $198,900
2023 $2,369 $223,500 $40,000 $183,500
2022 $2,140 $196,300 $36,000 $160,300
2021 $2,047 $187,800 $36,000 $151,800
2020 $1,985 $182,100 $35,500 $146,600
2019 $1,948 $178,700 $35,500 $143,200
2018 $1,876 $173,700 $35,500 $138,200
2017 $1,876 $172,100 $35,500 $136,600
2016 $1,876 $172,100 $35,500 $136,600
2015 $1,857 $170,400 $35,500 $134,900
2014 $1,856 $170,300 $35,500 $134,800
Source: Public Records

Agents Affiliated with this Home

  • Jason Fountain

    Seller's Agent in 2025

    Jason Fountain

    VRC PROPERTIES LLC

    (540) 354-6456

    1 in this area

    54 Total Sales

    Jason Fountain
    Section Image
  • Steve Zegarski

    Seller Co-Listing Agent in 2025

    Steve Zegarski

    VRC PROPERTIES LLC

    (540) 309-6738

    1 in this area

    41 Total Sales

    Steve Zegarski
    Section Image
  • Matthew Zimmerman

    Seller Co-Listing Agent in 2020

    Matthew Zimmerman

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 759-1884

    1 in this area

    38 Total Sales

    Matthew Zimmerman
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 871524

Roanoke Valley Association of REALTORS®

APN: 087.14-06-02

Virginia Roanoke County Roanoke 24018 Cave Spring

5522 Crestwood Dr Unit 5524, Roanoke, VA

This home is located at 5522 Crestwood Dr Unit 5524, Roanoke, VA 24018 and is currently priced at $211,500, approximately $100 per square foot. This property was built in 1999. 5522 Crestwood Dr Unit 5524 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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