NOT LISTED FOR SALE

5525 Cottontown Rd Forest, VA 24551

Estimated Value: $372,298 - $417,000

3 Beds
2 Baths
1,644 Sq Ft
$237/Sq Ft Est. Value

Last Sold September 19, 2017

Last sale price $199,900 $122 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $2,134/month

44 Days on Market

Highlights

  • Creek or Stream View
  • Wood Flooring
  • Formal Dining Room
  • Cape Cod Architecture
  • Main Floor Bedroom
  • Zoned Heating and Cooling

About This Home

As of September 2017

Now is your chance to own this great home in Forest under $200K!! Located in Bedford county/Forest/JF school district. This 3 bed 2 bath home has a highly desirable main level bedroom and bath, as well as main level laundry for your convenience. Full basement with roughed in bath provides plenty of space for storage or future expansion! Spacious kitchen with plenty of cabinet and counter space, along with a formal dining room just off the kitchen with gorgeous hardwood floors on the main level. Enjoy a peaceful setting with beautiful views and privacy from your front porch or back deck. Located right off sought after Cottontown Rd! Call today to see this new listing!!

Last Agent to Sell the Property

Crysty Knowles

Lynchburg's Finest Team LLC License #0225218329 Listed on: 08/02/2017

Last Buyer's Agent

Kenny Turner

Evolution Realty Partners LLC License #0225083310

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $890

Year Built

  • Built in 2005

Lot Details

  • 0.88 Acre Lot
  • Landscaped
  • Garden

Property Views

  • Creek or Stream
  • Mountain

Home Design

  • Cape Cod Architecture
  • Shingle Roof

Interior Spaces

  • 1,644 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Formal Dining Room
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Rough-In Basement Bathroom

Schools

  • Forest Elementary School
  • Forest Midl Middle School
  • Jefferson Forest-Hs High School

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 90503339

Home Details

Home Type

Single Family

Est. Annual Taxes

$890

Year Built

Built in 2005

Lot Details

0

Listing Details

  • FILLACRES: 0.8800
  • Directions: Forest Rd to Cottontown Rd, merge to the left to stay on Cottontown Rd to home on Right (just after Serene Creek entrance).
  • Lot Measurement: Acres
  • Lot Sq Ft: 38333.00
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 90503339
  • Year Built: 2005
  • Heating System: Heat Pump, Two-Zone
  • Building Stories: One and One Half
  • Dwelling Styles: Cape Cod
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 15.000 x 14.000
  • Livingroom Len: 15.000
  • Livingroom Wid: 14.000
  • Masterbedroom Area: 154.000000
  • Master Bedroom Dim: 14.000 x 11.000
  • Masterbedroom Len: 14.000
  • Masterbedroom Wid: 11.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 2.00
  • Bathrooms Display: 2 (2 0)
  • Lower Floor 1 Bedrooms: 3
  • Broker Approved: Yes
  • High School2: Jefferson Forest-HS
  • Legal Description: SHADE TREE LT 1 SEC II
  • Middle School2: Forest Midl
  • Reciprocal Listing: No
  • Second Bedroom: 19x12 Level: Level 2 Above Grade
  • Second Bedroom Area: 228.000000
  • Third Bedroom: 19x11 Level: Level 2 Above Grade
  • Third Bedroom Area: 209.000000
  • Above Grade Finished Sq Ft: 1644.00
  • ApplianceConvey: Dishwasher, Microwave, Range-Elec
  • Has Attic: Access
  • Has Basement: Exterior Entrance, Full, Interior Entrance, Roughed in Bath, Walkout
  • Flooring: Carpet, Hardwood, Tile
  • Year Built Exception: 0
  • Deck: 12x12 Level: Level 1 Above Grade
  • Formal Dining: 13x11 Level: Level 1 Above Grade
  • Level 1 Full Bathrooms: 1
  • Level 2 Full Bathrooms: 1
  • Interior Amenities: Cable Available, Ceiling Fan(s), Drywall, High Speed Data Aval, Main Level Bedroom, Separate Dining Room, Smoke Alarm
  • Dining Kitchen: 14x10 Level: Level 1 Above Grade
  • Laundry: Dryer Connection, Laundry Closet, Main Level, Washer Connections
  • Living Room: 15x14 Level: Level 1 Above Grade
  • Master Bedroom: 14x11 Level: Level 1 Above Grade
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 140.000000
  • LivingRoom Area: 210.000000
  • Est Other Room1 Dim: 0.000 x 0.000
  • Est Other Room2 Dim: 0.000 x 0.000
  • 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: Paved Drive, Garden Space, Landscaped, Undergrnd Utilities, Stream/Creek, Mountain Views
  • Patio: 12x11 Level: Level 1 Above Grade

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Air Conditioner: Heat Pump, Two-Zone
  • Sewer: Septic Tank
  • Hot Water: County
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • Elementary School #2: Forest Elem
  • School District: Bedford

Lot Info

  • Lot Sq Ft: 1644.00

Tax Info

  • Estimated Taxes: 890

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2017
Closed on
Sep 14, 2017
Sold by
Schaner James B and Schaner Lee Ann
Bought by
Abbott Brandon W and Abbott Victoria L
Seller's Agent
Crysty Knowles
Lynchburg's Finest Team LLC
Buyer's Agent
Kenny Turner
Evolution Realty Partners LLC
List Price
$199,900
Sold Price
$199,900
Current Estimated Value
$390,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,425
Avg. Annual Appreciation
8.41%
Original Mortgage
$189,905
Outstanding Balance
$158,584
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$231,741

Purchase Details

Listed on
Sep 12, 2016
Closed on
Oct 13, 2016
Sold by
Woody Ryan M
Bought by
Schaner James B and Schaner Lee Ann
Seller's Agent
Schyler Higgins
Cornerstone Realty Group Inc.
Buyer's Agent
Crysty Knowles
Lynchburg's Finest Team LLC
List Price
$177,900
Sold Price
$176,000
Premium/Discount to List
-$1,900
-1.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.02%
Original Mortgage
$181,808
Interest Rate
3.44%
Mortgage Type
VA

Purchase Details

Closed on
Aug 16, 2011
Sold by
Thebank Of New York Mellon Corporation
Bought by
Woody Ryan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,800
Interest Rate
4.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2011
Sold by
Tarantino Larry and Tarantino Francesca
Bought by
The Bank Of New York Mellon Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,800
Interest Rate
4.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2007
Sold by
Tarantino Larry and Tarantino Francesca
Bought by
Tarantino Larry and Tarantino Francesca

Purchase Details

Closed on
Dec 22, 2005
Sold by
Stephen H Tolley Construction Co Inc
Bought by
Trantino Larry and Trantino Francesca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,270
Interest Rate
6.28%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

--
Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Abbott Brandon W $199,900 Mountain View Settlement
Schaner James B $176,000 Advantage Title & Closing
Woody Ryan M $141,900 Reliance Title & Settlement
The Bank Of New York Mellon Corporation $132,000 None Available
Tarantino Larry -- None Available
Trantino Larry -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abbott Brandon W $189,905
Previous Owner Schaner James B $181,808
Previous Owner Woody Ryan M $134,800
Previous Owner Trantino Larry $47,270
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/19/2017 09/19/17 Sold $199,900 0.0% $122 / Sq Ft
09/15/2017 09/15/17 Pending -- -- --
08/02/2017 08/02/17 For Sale $199,900 +13.6% $122 / Sq Ft
10/21/2016 10/21/16 Sold $176,000 -1.1% $107 / Sq Ft View Prior Sale
10/01/2016 10/01/16 Pending -- -- --
09/12/2016 09/12/16 For Sale $177,900 -- $108 / 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 $1,137 $277,300 $50,000 $227,300
2024 $1,137 $277,300 $50,000 $227,300
2023 $1,137 $138,650 $0 $0
2022 $979 $97,900 $0 $0
2021 $979 $195,800 $45,000 $150,800
2020 $979 $195,800 $45,000 $150,800
2019 $979 $195,800 $45,000 $150,800
2018 $893 $171,700 $45,000 $126,700
2017 $893 $171,700 $45,000 $126,700
2016 $893 $171,700 $45,000 $126,700
2015 $893 $171,700 $45,000 $126,700
2014 $877 $168,600 $30,000 $138,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 306867

APN: 81-6-1