NOT LISTED FOR SALE

553 Colonial Rd SW Abingdon, VA 24210

Estimated Value: $158,000 - $180,000

2 Beds
2 Baths
960 Sq Ft
$175/Sq Ft Est. Value

Last Sold November 02, 2020

Last sale price $85,000 $89 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $958/month

63 Days on Market

Highlights

  • Wood Flooring
  • Front Porch
  • Central Heating and Cooling System
  • E.B. Stanley Middle School Rated A-
  • Shed
  • Level Lot

About This Home

As of November 2020

This cute home is located right in the heart of Abingdon Virginia. Walking distance to Main Street, the Abingdon Farmer's Market, and more! This home has the potential to have a 3rd bedroom and it also has extra space in the basement as well. This home has a great carport area/storage shed, perfect for storing away those extra items! Homes like this do not last long!

Last Agent to Sell the Property

MATTHEW SMITH

Highlands Realty, Inc. Abingdon License #304086 Listed on: 06/19/2020

Last Buyer's Agent

Non Member

Non Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $521

Year Built

  • Built in 1946

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 56x135x52x153
  • Level Lot
  • Property is in average condition
  • Property is zoned R3

Home Design

  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 960 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Partial Basement
  • Block Basement Construction

Outdoor Features

  • Shed
  • Front Porch

Schools

  • Abingdon Elementary School
  • E. B. Stanley Middle School
  • Abingdon High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Community Details

  • FHA/VA Approved Complex

Listing and Financial Details

  • Assessor Parcel Number 018 1 41 001341

Home Details

Home Type

Single Family

Est. Annual Taxes

$521

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Directions: On I-81 N, take Exit 14. Turn right onto Old Jonesboro Road. Turn right onto W. Main Street. Turn right onto Colonial Road. Home is on the left. See sign.
  • Prop. Type: Residential
  • Year Built: 1946
  • Property Sub Type: Single Family Residence
  • Subdivision Name: Not In Subdivision
  • Unit Levels: One
  • New Construction: No
  • Reso Structure Type: House
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.37
  • General Property Description Zoning2: R3
  • General Property Description Elementary School3: Abingdon
  • General Property Description Middle School2: E. B. Stanley
  • General Property Description High School3: Abingdon
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 56x135x52x153
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 960.0
  • AC Central Air: Yes
  • TopographyLot Description Level2: Yes
  • Flooring Hardwood: Yes
  • General Property Description Parcel ID2: 018 1 41 001341
  • Roof Shingle: Yes
  • AC Heat Pump3: Yes
  • Financing FHA: Yes
  • General Property Description Stories2: 1
  • Other Structures Shed(s): Yes
  • Flooring Carpet: Yes
  • Foundation Block6: Yes
  • Property Condition Average: Yes
  • Basement Block4: Yes
  • Levels One: Yes
  • Structure Type:House: Yes
  • Special Features: None

Interior Features

  • Has Basement: Block, Partial, Unfinished
  • Flooring: Carpet, Hardwood
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Total Bedrooms: 5
  • General Property Description Baths - Full: 2
  • Basement:Unfinished: Yes
  • Basement:Partial: Yes

Exterior Features

  • Property Condition: Average
  • Roof: Shingle
  • Other Structures: Shed(s)
  • Acres: 0.37
  • Topography: Level
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Block
  • Patio And Porch Features: Front Porch, Rear Porch
  • Exterior Finish Vinyl Siding: Yes
  • PorchPatioDeck Front Porch: Yes
  • PorchPatioDeck Rear Porch: Yes

Utilities

  • Heating: Central, Heat Pump
  • Sewer: Public Sewer
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Heat Pump2: Yes

Schools

  • Elementary School: Abingdon
  • High School: Abingdon
  • Middle Or Junior School: E. B. Stanley

Lot Info

  • Zoning: R3
  • Lot Dimensions: 56x135x52x153
  • Lot Size Sq Ft: 16117.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 018 1 41 001341
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2020
Closed on
Oct 30, 2020
Sold by
Hutton-Thomas Inc
Bought by
Krieger Matthew B
Seller's Agent
MATTHEW SMITH
Highlands Realty, Inc. Abingdon
Buyer's Agent
Non Member
Non Member
List Price
$89,000
Sold Price
$85,000
Premium/Discount to List
-$4,000
-4.49%
Current Estimated Value
$167,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,861
Avg. Annual Appreciation
14.86%
Original Mortgage
$87,000
Outstanding Balance
$77,946
Interest Rate
2.8%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$87,770
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
Krieger Matthew B $85,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krieger Matthew B $87,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2020 11/02/20 Sold $85,000 -4.5% $89 / Sq Ft
08/22/2020 08/22/20 Pending -- -- --
06/19/2020 06/19/20 For Sale $89,000 -- $93 / Sq Ft
Source: Tennessee/Virginia Regional 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 $521 $136,700 $30,000 $106,700
2024 $521 $86,800 $25,000 $61,800
2023 $521 $86,800 $25,000 $61,800
2022 $521 $86,800 $25,000 $61,800
2021 $521 $86,800 $25,000 $61,800
2019 $501 $79,500 $25,000 $54,500
2018 $501 $79,500 $25,000 $54,500
2017 $501 $79,500 $25,000 $54,500
2016 $252 $80,100 $30,000 $50,100
2015 $252 $80,100 $30,000 $50,100
2014 $252 $80,100 $30,000 $50,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9909373

Tennessee/Virginia Regional MLS

APN: 018-1-41