NOT LISTED FOR SALE

56 Alder Ln Rocky Mount, VA 24151

Estimated Value: $288,000 - $316,744

3 Beds
2 Baths
1,101 Sq Ft
$274/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $189,990 $173 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,713/month

188 Days on Market

Highlights

  • Deck
  • Walk-In Closet
  • Under Construction
  • 1 Car Attached Garage

About This Home

As of April 2021

NEW CONSTRUCTION. Please find information below and pictures attached for our Burlington style home which is 1101 square feet above grade with plaster walls. Ask about finishing the lower level! This house plan incorporates luxury vinyl plank in the foyer, luxury vinyl tile in the Kitchen and Master bath, linoleum in the kitchen baths and laundry, and carpet throughout remaining areas. Fairfield cabinets by Timberlake in the kitchen and the bathrooms makes the home even more beautiful. The kitchen counter tops are luxurious granite. The exterior finish consists of siding and architectural shingles. The Oaks is conveniently located within walking distance of Lynch Memorial Park and Boat Ramp and has communal access on the Pigg River.. Owner/Agent

Last Agent to Sell the Property

Robert Fralin

R FRALIN & ASSOCIATES INC License #0225061644 Listed on: 05/28/2020

Last Buyer's Agent

Robert Fralin

R FRALIN & ASSOCIATES INC License #0225061644 Listed on: 05/28/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,200

Year Built

  • Built in 2021 | Under Construction

Lot Details

  • 6,970

Parking

  • 1 Car Attached Garage

Home Design

  • 1,101 Sq Ft Home
  • Split Foyer
  • Slab Foundation
  • Stucco

Kitchen

  • Electric Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Schools

  • Lee M. Waid Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Laundry on main level
  • Deck
  • 6,970 Sq Ft Lot

Community Details

  • Property has a Home Owners Association
  • Murray Realty, Inc Association
  • The Oaks At Rakes Tavern Subdivision

Listing and Financial Details

  • Tax Lot 42

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,200

Year Built

Built in 2021 | Under Construction

Lot Details

0

Listing Details

  • Interior Features: Walk-in-Closet
  • Heating System: Heat Pump Electric
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Slab
  • Major Appliances: Dishwasher, Disposer, Microwave Oven (Built In), Range Electric
  • Cooling System: Heat Pump Electric
  • Outside Features: Deck, Paved Driveway
  • BedroomsBRUpperLevel: 3
  • FullBathsFullBathsUpperLvl: 2
  • Grand Total Attached S Q F T: 1101
  • LaundryLaundryEntryLevel: 1
  • Major Area: 04 - Franklin County
  • MasterBedroomsMasterBRUpperLvl: 1
  • NumberPrimCovSpaces: 1.00
  • Phone Email: 540-366-7771
  • P O A Condo Contact Name: Murray Realty, Inc
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Attached
  • RatifiedContractDt: 2020-12-02
  • Residential Type: Detached
  • Style Of House: Split-Foyer
  • SubdivisionMap: Rakes Tavern
  • Total Above Grd Fin S Q F T: 1101
  • TotalBdrm: 3
  • TotalBths: 2.00
  • TotalCovdPrkSpc: 1.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1101.00
  • UpperAboveGrdFin Sq Ft: 1101.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: No

Utilities

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

Schools

  • Elementary School: Lee M. Waid
  • Middle School: Ben Franklin Middle
  • High School: Franklin County

Lot Info

  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.16
  • Lot: 42

Building Info

  • Year Built: 2021

Tax Info

  • Taxes (6 mo): 1199.70
  • FILLTAXID: 2100304200

MLS Schools

  • Elementary School: Lee M. Waid
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2020
Closed on
Feb 16, 2021
Sold by
R Fralin Construction Inc
Bought by
Hudgins Jessica R and Hudgins David S
Seller's Agent
Robert Fralin
R FRALIN & ASSOCIATES INC
Buyer's Agent
Robert Fralin
R FRALIN & ASSOCIATES INC
List Price
$184,950
Sold Price
$189,991
Premium/Discount to List
$5,041
2.73%
Current Estimated Value
$301,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,695
Avg. Annual Appreciation
10.59%
Original Mortgage
$191,909
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2020
Sold by
Bishop Townhomes Inc
Bought by
R Fralin Construction Inc

Purchase Details

Closed on
Aug 18, 2018
Sold by
Rakes Tavern Lp
Bought by
Bishop Townhomes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
4.6%
Mortgage Type
Undefined Multiple Amounts
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
Hudgins Jessica R $189,990 Accommodation
R Fralin Construction Inc $114,000 Acquesition Ttl & Settltment
Bishop Townhomes Inc $120,000 Acquisition Title & Settleme
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hudgins Jessica R $191,909
Previous Owner Bishop Tow3nhomes Inc $0
Closed Bishop Townhomes Inc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2021 04/16/21 Sold $189,991 +2.7% $173 / Sq Ft
12/02/2020 12/02/20 Pending -- -- --
05/28/2020 05/28/20 For Sale $184,950 -- $168 / 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 $1,264 $294,000 $38,000 $256,000
2023 $1,114 $182,700 $35,000 $147,700
2022 $1,114 $182,700 $35,000 $147,700
2021 $569 $182,700 $35,000 $147,700
2020 $55 $9,000 $9,000 $0
2019 $183 $30,000 $30,000 $0
2018 $183 $30,000 $30,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 869818

Roanoke Valley Association of REALTORS®

APN: 2100304200