NOT LISTED FOR SALE

5700 Ferrum Mountain Rd Callaway, VA 24067

Estimated Value: $242,914 - $416,000

4 Beds
2 Baths
2,880 Sq Ft
$113/Sq Ft Est. Value

Sale Details

Date Sold: June 28, 2024

Last sale price $160,000 $56 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $1,871 / mo

26 Days on Market

Highlights

  • No HOA
  • Storage
  • Ceiling Fan
  • Callaway Elementary School Rated 10

About This Home

As of June 2024

Attention Investors! Duplex: 2 Bed/1Bath units on quiet, country setting. NEW front porches, side deck, and exterior doors. In-unit laundry hook-ups. On-site parking. Owner responsible for lawn care. Tenants pay electric. Sellers added a new well, gutters, and heat pump since purchasing. Basement could potentially be finished for 3rd unit; already has plumbing for bath and laundry hook-ups. Lots of Storage Space.

Last Agent to Sell the Property

Angie McGhee

MKB, REALTORS(r) - FRANKLIN CO License #0225095935 Listed on: 05/16/2024

MKB, REALTORS(r) - FRANKLIN CO

Co-Listed By

Jessica Thompson

MKB, REALTORS(r) - FRANKLIN CO License #0225195591

Last Buyer's Agent

Angie McGhee

MKB, REALTORS(r) - FRANKLIN CO License #0225095935 Listed on: 05/16/2024

MKB, REALTORS(r) - FRANKLIN CO

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,293

Year Built

  • Built in 1982

Lot Details

  • 36,155 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 2,880 Sq Ft Home
  • Ceiling Fan
  • Storage

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • Callaway Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 5

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • Operating Expense $3,840
  • Gross Income $15,360
  • Net Operating Income $19,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,293

Year Built

Built in 1982

Lot Details

0.83 Acres

Listing Details

  • Interior Features: Ceiling Fan, Storage
  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Walkout - Full
  • Cooling System: Heat Pump Electric
  • CondoAssocYN: No
  • Major Area: 04 - Franklin County
  • NumberLeasedUnits: 1.00
  • NumberUnfurnished: 2.00
  • Hoa2 Or Poa: No
  • SubdivisionMap: Lynnwood Circle
  • TotalAnnualExpen: 3840.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Private Septic
  • Water Description: Private Well
  • Water Heater Type: Tank

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.83
  • Lot: 5
  • Present Use: Built-As

Building Info

  • Year Built: 1982

Tax Info

  • Taxes (6 mo): 1293.00

Multi Family

  • Tenant Pays: Electricity
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: Callaway
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2024
Closed on
Jun 28, 2024
Sold by
Bought by
Seller's Agent
Angie McGhee
MKB, REALTORS(r) - FRANKLIN CO
Buyer's Agent
Angie McGhee
MKB, REALTORS(r) - FRANKLIN CO
List Price
$229,900
Sold Price
$160,000
Premium/Discount to List
-$69,900
-30.4%
Views
17
Current Estimated Value
$326,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,729
Avg. Annual Appreciation
39.82%
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$160,000 Acquisition Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $129,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/28/2024 06/28/24 Sold $160,000 -20.0% $56 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
06/07/2024 06/07/24 Price Changed $199,900 -13.0% $69 / Sq Ft
05/16/2024 05/16/24 For Sale $229,900 -- $80 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $911 $211,900 $27,000 $184,900
2024 $911 $211,900 $27,000 $184,900
2023 $695 $114,000 $20,000 $94,000
2022 $695 $114,000 $20,000 $94,000
2021 $695 $114,000 $20,000 $94,000
2020 $695 $114,000 $20,000 $94,000
2019 $644 $105,600 $20,000 $85,600
2018 $644 $105,600 $20,000 $85,600
2017 $581 $107,200 $20,000 $87,200
2016 $581 $107,200 $20,000 $87,200
2015 -- $107,200 $20,000 $87,200
2014 -- $107,200 $20,000 $87,200
2013 -- $107,200 $20,000 $87,200
Source: Public Records

Agents Affiliated with this Home

  • Angie McGhee Real Estate Agent - MKB, REALTORS(r) - FRANKLIN CO

    Seller's Agent in 2024

    Angie McGhee

    MKB, REALTORS(r) - FRANKLIN CO

    (540) 537-5918

    546 Total Sales

    Angie McGhee
    Section Image

  • J

    Seller Co-Listing Agent in 2024

    Jessica Thompson

    MKB, REALTORS(r) - FRANKLIN CO

    (540) 493-0935

    19 Total Sales

    Jessica Thompson
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 907639

Roanoke Valley Association of REALTORS®

APN: 0600100105

Virginia Franklin County Callaway 24067

5700 Ferrum Mountain Rd, Callaway, VA

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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