NOT LISTED FOR SALE

583 Pell Ln Claudville, VA 24076

Claudville Neighborhood

Estimated Value: $151,000

14 Beds
4 Baths
978 Sq Ft
$154/Sq Ft Est. Value

Sale Details

Date Sold: November 9, 2022

Last sale price $155,000 $158 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $864 / mo

615 Days on Market

Highlights

  • 32.57 Acre Lot
  • 1 Fireplace
  • Views
  • Wooded Lot
  • Paneling
  • Home fronts a stream

About This Home

As of November 2022

THIS INCOME PRODUCING PROPERTY FEATURES A 988 SQ. FT. HOUSE WITH THE 10 UNIT PINE VALLEY MOBILE HOME PARK. THE PARK CURRENTLY HAS 3 SINGLE WIDE MOBILE HOMES AND 1 SINGLE WIDE MOBILE HOME IN THE PROCESS OF BEING SET UP. PROPERTY FEATURES: 2 PONDS AND TWO BRANCHES/SPRINGS, 2 WELLS, 6 SEPTIC SYSTEMS, CURRENT MONTHLY INCOME IS $1,650.

Last Agent to Sell the Property

Bonnie Coffey

Wythe County Real Estate License #0225072589 Listed on: 07/21/2020

Last Buyer's Agent

Mark Hawks

Kyle Realty, Inc. License #0225075565

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $550

Year Built

  • Built in 1920

Lot Details

  • 32.57 Acre Lot
  • Home fronts a stream
  • The property's road front is unimproved
  • Wooded Lot

Home Design

  • Fire Rated Drywall
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 978 Sq Ft Home
  • Paneling
  • 1 Fireplace
  • Crawl Space
  • Oven or Range
  • Laundry on main level
  • Property Views

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 4 Bathrooms

Parking

  • Gravel Driveway
  • Open Parking

Outdoor Features

  • Outbuilding

Schools

  • Patrick Springs Primary Elementary School
  • Patrick Middle School
  • Patrick County High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Separate Meters
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Total Actual Rent $1,250

Community Details

Overview

  • 11 Units

Building Details

  • Maintenance Expense $40
  • Other Expense $15
  • Gross Income $1,650
  • Net Operating Income $1,595

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$550

Year Built

Built in 1920

Lot Details

32.57 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 32.57
  • Lot Size: 32.57 ACRES
  • Road Surface Type: Unimproved
  • Directions: I77S TO EXIT 8, Turn left onto State Rte 775/VA-148 E/Chances Creek Rd 0.9 MILES, RIGHT ONTO FANCY GAP HWY 8.4 MILES, Turn left onto Epworth Rd 0.6 MILES, Turn right onto Fish Lake Rd 2.0 MILES, RIGHT ONTO WARDS GAP RD. 1.6 MILES, Turn left onto Crossingham Rd 1.6 MILES, LEFT ONTO RIVERSIDE DR. 3.0 MILES, RIGHT ONTO STATELINE RD. 1.3 MILES, Turn left onto McBride Rd 0.6 MILES, LEFT ONTO PELL LANE, PROPERTY AT END.
  • Structure Type: Multiple Buildings, Other-See Remarks
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Appliances: Range/Oven, Refrigerator, Electric Water Heater
  • Has Basement: Crawl Space
  • Total Bedrooms: 14
  • Fireplace Features: One
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Paneling
  • Living Area: 978
  • Window Features: Single Pane

Exterior Features

  • Lot Features: Wooded
  • View: Other
  • View: Yes
  • Waterfront Features: Stream, Other
  • Waterfront: Yes
  • Disclosures: Property Disclosure
  • Construction Type: Wood Siding, Dry Wall
  • Other Structures: Outbuilding
  • Property Condition: Exterior Condition: Fair, Interior Condition: Fair
  • Roof: Metal

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Gravel

Utilities

  • Laundry Features: Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: Separate Meters
  • Sewer: Other
  • Utilities: Natural Gas Not Available
  • Water Source: Other

Schools

  • Elementary School: Patrick Springs Primary
  • High School: Patrick County
  • Middle Or Junior School: Patrick Middle

Lot Info

  • Lot Size Sq Ft: 1418749.2
  • Zoning: N/A
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 11
  • Annual Gross Income: 1650
  • Maintenance Expense: 40
  • Property Net Operating Income: 1595
  • Number Of Units Leased: 4
  • Total Actual Rent: 1250
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 550
  • Tax Map Number: 1/139-A1#14-11
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2020
Closed on
Nov 7, 2022
Sold by
Red Enterprises Inc
Bought by
Phipps Michael and Phipps Kimberly
Seller's Agent
Bonnie Coffey
Wythe County Real Estate
Buyer's Agent
Mark Hawks
Kyle Realty, Inc.
List Price
$200,000
Sold Price
$155,000
Premium/Discount to List
-$45,000
-22.5%
Current Estimated Value
$151,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,000
Avg. Annual Appreciation
-0.77%
Original Mortgage
$105,000
Outstanding Balance
$101,726
Interest Rate
6.92%
Mortgage Type
Credit Line Revolving
Estimated Equity
$49,274
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Phipps Michael $95,700 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phipps Michael $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2022 11/09/22 Sold $155,000 -22.5% $158 / Sq Ft
03/29/2022 03/29/22 Pending -- -- --
07/21/2020 07/21/20 For Sale $200,000 -- $204 / Sq Ft
Source: Southwest Virginia Association of REALTORS®

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 $699 $95,700 $82,900 $12,800
2024 $699 $95,700 $82,900 $12,800
2023 $699 $95,700 $82,900 $12,800
2022 $699 $95,700 $82,900 $12,800
2021 $651 $95,700 $82,900 $12,800
2020 $698 $102,600 $82,900 $19,700
2019 $698 $102,600 $82,900 $19,700
2018 $585 $102,600 $82,900 $19,700
2017 -- $102,600 $82,900 $19,700
2016 $585 $102,600 $82,900 $19,700
2015 -- $102,600 $82,900 $19,700
2014 -- $116,800 $93,400 $23,400
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Bonnie Coffey

    Wythe County Real Estate

    (276) 637-4663

    1 in this area

    78 Total Sales

    Bonnie Coffey
    Section Image
  • Mark Hawks

    Buyer's Agent in 2022

    Mark Hawks

    Kyle Realty, Inc.

    (276) 233-9903

    1 in this area

    624 Total Sales

    Mark Hawks
    Section Image
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Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 74865

APN: 40080016

Virginia Patrick County Claudville 24076 Claudville

583 Pell Ln, Claudville, VA

Not Listed for Sale

MultiFamily

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