NOT LISTED FOR SALE

559 Old Farm Rd Lexington, VA 24450

Estimated Value: $431,000 - $594,724

2 Beds
1 Bath
840 Sq Ft
$592/Sq Ft Est. Value

Last Sold July 10, 2013

Last sale price $279,000 $332 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $2,787/month

8 Days on Market

Highlights

  • Panoramic View
  • Secluded Lot
  • Main Floor Primary Bedroom
  • 26.29 Acre Lot
  • Wooded Lot
  • No HOA

About This Home

As of July 2013

On top of the world...one Mile from the Lexington City Limits, A Must See View, Immaculately maintained dwelling, two car garage and garden shed. Take your binoculars...You Must see this

Last Agent to Sell the Property

Karen Little

Valley Real Estate Brokers LLC Listed on: 06/01/2013

Last Buyer's Agent

Melissa Holland

J.F. Brown Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,436

Year Built

  • Built in 1985

Lot Details

  • 26.29 Acre Lot
  • Secluded Lot
  • Level Lot
  • Wooded Lot
  • Property is zoned Other (Use Remarks)

Parking

  • 2 Car Detached Garage

Home Design

  • Cottage
  • Shingle Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 840 Sq Ft Home
  • Panoramic Views
  • Crawl Space
  • Scuttle Attic Hole
  • Oven

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Storage Shed
  • Front Porch

Location

  • Flood Zone Lot

Schools

  • Central Elementary School
  • Maury River Middle School
  • Rockbridge Co High School

Utilities

  • No Cooling
  • Electric Baseboard Heater
  • Well
  • Electric Water Heater
  • Septic System

Community Details

  • No Home Owners Association
  • Top Of The World Community

Listing and Financial Details

  • Assessor Parcel Number 75 12 6

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,436

Year Built

Built in 1985

Lot Details

0

Listing Details

  • ConservationEsmnt: No
  • Directions: Houston Street to Old Farm Road, Property on Left, Look for Valley Sign
  • HistoricProperty: No
  • Listing Member Name: Karen Little
  • Listing Office Short Id: valley
  • Open House Office I D: 20110201204300128516000000
  • Hoa2 Or Poa: No
  • Prop. Type: Residential/Farm
  • Road Frontage Other: Public
  • Selling Member Short Id: hollandm
  • Subdivision Yn: No
  • TotalFinSFApx: 840.00
  • Year Built: 1985
  • Taxes Dollars: 1435.52
  • TotalAcresApx: 26.29
  • 1StFloorMstrBdrm: Yes
  • Total Assessed Value: 224300.00
  • PorchDeckPatioPorch: Front
  • Building Style: Cottage
  • Type of Construction: Stick Built
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Area Remarks: Rockbridge County
  • Has Basement: Crawl Space
  • Full Bathrooms: 1.00
  • Updated Floor: Carpet, Vinyl
  • Entry Location: Other
  • Appliances: Dryer, Oven, Refrigerator, Washer
  • Has Attic: Scuttle
  • Lower Floor 1 Bedrooms: 2
  • Fireplace: None
  • Lower Floor 1 Bedrooms: 4

Exterior Features

  • Exterior: Wood
  • Exterior Features: Porch-Front, View - Panoramic
  • Road Frontage: Paved Road
  • Roof: Shingle
  • Street: Old Farm
  • Surface Water: None
  • Tax Rate: 0.64
  • Flood Zone: SE
  • Out Buildings: Garage
  • Fencing: None
  • Topography: Level, Rolling, Secluded, Views, Woods
  • Exterior Features: Storage Shed, Sunrise View, Sunset View

Garage/Parking

  • Garage Spaces: Detached, Double

Utilities

  • Cooling: No Cooling System
  • Heating: Baseboard Electric
  • Sewer: Existing Septic
  • Utilities Available: Electric
  • Water: Well
  • Water Heater: Electric

Schools

  • Elementary School: Central
  • High School: Rockbridge Co
  • Middle School: Maury River

Lot Info

  • Future Land Use: No
  • Lot Dimensions: 26.29
  • Property Name: Top of the World
  • Zoning: Other (Use Remarks)
  • Best Use: Residential, Vacation Rental
  • Current Use: Investment, Residential, Vacation Rental

Tax Info

  • Tax Map Number: 75 12 6
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2013
Closed on
Jul 10, 2013
Sold by
Markey James Laurence and Markey Mary Louise
Bought by
Thomas Mark E and Thomas Rebecca F
Seller's Agent
Karen Little
Valley Real Estate Brokers LLC
Buyer's Agent
Melissa Holland
J.F. Brown Real Estate Services
List Price
$284,900
Sold Price
$279,000
Premium/Discount to List
-$5,900
-2.07%
Current Estimated Value
$497,681

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,681
Avg. Annual Appreciation
4.81%
Original Mortgage
$179,000
Outstanding Balance
$130,434
Interest Rate
3.97%
Mortgage Type
Credit Line Revolving
Estimated Equity
$367,247

Purchase Details

Closed on
Sep 10, 2009
Sold by
Markey James Laurence and Markey Mary Louise
Bought by
Markey Mary Louise and Markey James Laurence
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
Thomas Mark E $279,000 None Available
Markey Mary Louise -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Mark E $179,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2013 07/10/13 Sold $279,000 -2.1% $332 / Sq Ft
06/09/2013 06/09/13 Pending -- -- --
06/01/2013 06/01/13 For Sale $284,900 -- $339 / Sq Ft
Source: Rockbridge Highlands 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 $2,031 $424,300 $221,500 $202,800
2024 $2,031 $424,300 $221,500 $202,800
2023 $2,031 $424,300 $221,500 $202,800
2022 $1,716 $323,300 $186,500 $136,800
2021 $1,716 $323,300 $186,500 $136,800
2020 $1,716 $323,300 $186,500 $136,800
2019 $1,693 $323,300 $186,500 $136,800
2018 $1,623 $323,300 $186,500 $136,800
2017 $1,623 $323,300 $186,500 $136,800
2016 $1,649 $224,300 $165,300 $59,000
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2013

    Karen Little

    Valley Real Estate Brokers LLC

  • M

    Buyer's Agent in 2013

    Melissa Holland

    J.F. Brown Real Estate Services

    (540) 461-0260

    8 in this area

    13 Total Sales

    Melissa Holland
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Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 127303

APN: 75-12-6

Virginia Rockbridge County Lexington 24450

559 Old Farm Rd, Lexington, VA

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