NOT LISTED FOR SALE

5727 Cumberland Gap Rd Newport, VA 24128

Estimated Value: $193,000 - $441,000

4 Beds
-- Bath
4,768 Sq Ft
$58/Sq Ft Est. Value

Last Sold November 01, 2019

Last sale price $169,500 $36 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,471/month

8 Days on Market

Highlights

  • No HOA
  • Electric Baseboard Heater
  • Carpet
  • Storage
  • Laundry Facilities

About This Home

As of November 2019

Excellent Investment opportunity with good rental history. 3 apartments, all 3 beds, 1 bath, bringing in a total of $2040/month. All appliances included. 2 apartments have a heat pump for heating and cooling, other has Baseboard heat. Exterior has new siding and has been well maintained. Property is on over 4 acres so plenty of room for recreation or some type of possible expansion.

Last Agent to Sell the Property

Sandy Grant

Coldwell Banker Townside Bburg License #225193762 Listed on: 09/27/2019

Coldwell Banker Townside Bburg

Co-Listed By

Greg Vidmar

Coldwell Banker Townside Bburg License #225043523

Last Buyer's Agent

Joe Racek

MR Real Estate License #0225214636

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,019

Lot Details

  • 4.15

Parking

  • Off-Street Parking

Home Design

  • Triplex
  • Metal Roof
  • Vinyl Trim

Interior Spaces

  • 4,768 Sq Ft Home
  • Storage
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Utilities

  • Heat Pump System
  • Electric Baseboard Heater
  • Well
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 105A29

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,019

Lot Details

0

Listing Details

  • Class: Multifamily
  • County Or City: Craig
  • Deed Bk Pg Instrumnt: 179/261
  • Is The Power On: Yes
  • Is The Water On: Yes
  • Legal Description: 4.151 AC-TWIN OAKS GROCER SIMMONSVILLE
  • Lvt Date: 09/27/2019
  • Miscellaneous: 3 Bedroom Units, Indiv Ldry Facility
  • Parcel Nbr: 105A29
  • Property Sub Type: Triplex
  • Estimated Finished Sq Ft: 4768
  • Owner Annual Inc Exp Ele: 480
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Flooring: Carpet, Laminated, Vinyl

Exterior Features

  • Exterior Finish: Vinyl
  • Roofing: Metal

Garage/Parking

  • Parking: Off Street Parking

Utilities

  • Air Conditioner: Heat Pump
  • Heating: Baseboard-Electric, Heat Pump
  • Sewer: Septic
  • Water: Well

Condo/Co-op/Association

  • HOA: None

Schools

  • School District: Craig County
  • Elementary School: McCleary
  • Middle School: Craig Combined
  • High School: Craig County

Green Features

  • Efficiency: Dishwasher, Extra Storage Space, Ldry Facility Avail, Range/Oven, Refrigerator, Tenant Paid Utilites, Washer/Dryer Connect

Rental Info

  • Owner Expense: Lawn Care, Real Estate Taxes, Repairs&maintenance

Multi Family

  • Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2019
Closed on
Oct 31, 2019
Sold by
Dorrell Peter G and Dorrell Nancy G
Bought by
Rick Kenneth H
Seller's Agent
Sandy Grant
Coldwell Banker Townside Bburg
Buyer's Agent
Joe Racek
MR Real Estate
List Price
$179,900
Sold Price
$169,500
Premium/Discount to List
-$10,400
-5.78%
Current Estimated Value
$253,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,543
Avg. Annual Appreciation
7.26%
Original Mortgage
$127,125
Outstanding Balance
$112,774
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$141,263

Purchase Details

Listed on
Jan 19, 2016
Closed on
Oct 12, 2017
Sold by
Campbell James Morris
Bought by
Dorrell Peter G and Dorrell Nancy G
Seller's Agent
Patrick Charlton
Charlton Associates
Buyer's Agent
Sandy Grant
Coldwell Banker Townside Bburg
List Price
$125,000
Sold Price
$100,000
Premium/Discount to List
-$25,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.69%
Original Mortgage
$80,000
Interest Rate
3.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 2010
Sold by
Snider Erlow Clyde
Bought by
Campbell James Morris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.82%
Mortgage Type
New Conventional
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
Rick Kenneth H $169,500 Fidelity National Title
Dorrell Peter G $100,000 Investors Title Company
Campbell James Morris $110,000 Investors Title Agencies
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rick Kenneth H $127,125
Previous Owner Dorrell Peter G $80,000
Previous Owner Campbell James Morris $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2019 11/01/19 Sold $169,500 -5.8% $36 / Sq Ft
10/05/2019 10/05/19 Pending -- -- --
09/27/2019 09/27/19 For Sale $179,900 +79.9% $38 / Sq Ft
10/20/2017 10/20/17 Sold $100,000 -20.0% $21 / Sq Ft
09/16/2017 09/16/17 Pending -- -- --
01/19/2016 01/19/16 For Sale $125,000 -- $26 / Sq Ft
Source: New River 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
2025 $1,019 $196,000 $42,600 $153,400
2024 $1,019 $196,000 $42,600 $153,400
2023 $1,074 $183,500 $37,600 $145,900
2022 $1,156 $183,500 $37,600 $145,900
2021 $1,156 $183,500 $37,600 $145,900
2020 $1,083 $183,500 $37,600 $145,900
2019 $1,083 $183,500 $37,600 $145,900
2018 $1,083 $183,500 $37,600 $145,900
2016 $1,017 $181,600 $37,600 $144,000
2014 $1,017 $181,600 $37,600 $144,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Sandy Grant

    Coldwell Banker Townside Bburg

    Section Image
  • Greg Vidmar

    Seller Co-Listing Agent in 2019

    Greg Vidmar

    Coldwell Banker Townside Bburg

    (540) 320-3241

    60 Total Sales

    Section Image
  • Joe Racek

    Buyer's Agent in 2019

    Joe Racek

    MR Real Estate

    (540) 808-3624

    218 Total Sales

    Section Image

  • P

    Seller's Agent in 2017

    Patrick Charlton

    Charlton Associates

    (540) 589-5258

    171 Total Sales

    Section Image
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Map

Source: New River Valley Association of REALTORS®

MLS Number: 406855

New River Valley Association of REALTORS®

APN: 105- - A- - 29

Virginia Craig County Newport 24127

5727 Cumberland Gap Rd, Newport, VA

This home is located at 5727 Cumberland Gap Rd, Newport, VA 24128 since 27 September 2019 and is currently estimated at $276,405, approximately $57 per square foot. 5727 Cumberland Gap Rd is a home located in Craig County with nearby schools including McCleary Elementary School and Craig County High School.

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.

New River 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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