NOT LISTED FOR SALE

5923 Gospel St Mount Jackson, VA 22842

Estimated Value: $356,000 - $579,000

-- Bed
5 Baths
5,046 Sq Ft
$87/Sq Ft Est. Value

Last Sold December 10, 2019

Last sale price $300,000 $59 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $2,533/month

189 Days on Market

Highlights

  • No HOA
  • Wood Siding
  • Hot Water Baseboard Heater
  • Hot Water Heating System

About This Home

As of December 2019

Unique Historic Building in Downtown Mount Jackson, beautiful mountain views, large wrap around porch, Great Rental Income with this charming 1885 building converted to 5 apartments all with separate heat, electric and water meters. Off-street parking. Owner lives in one unit and rents the rest. Steady cash flow, low vacancy rate, ideal for the beginning investor or to add to your portfolio.

Last Agent to Sell the Property

Michael Beasley

(540) 325-2123 mbeasley@shentel.net ERA Valley Realty License #WV0003840 Listed on: 09/18/2018

ERA Valley Realty

Last Buyer's Agent

Amanda Downs

(540) 481-0496 amanda@illbringyouhome.com LPT Realty, LLC License #0225204780

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,381

Year Built

  • Built in 1885

Lot Details

  • 0.33 Acre Lot

Home Design

  • Metal Roof
  • Wood Siding

Interior Spaces

  • 5,046 Sq Ft Home
  • Basement
  • Exterior Basement Entry
  • Oven

Schools

  • Ashby-Lee Elementary School
  • North Fork Middle School
  • Stonewall Jackson High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0006607

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $3,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,381

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2018-09-18
  • Year Built: 1885
  • Remarks Public: Unique Historic Building in Downtown Mount Jackson, beautiful mountain views, large wrap around porch, Great Rental Income with this charming 1885 building converted to 5 apartments all with separate heat, electric and water meters. Off-street parking. Owner lives in one unit and rents the rest. Steady cash flow, low vacancy rate, ideal for the beginning investor or to add to your portfolio.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Oven - Single
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Outside Entrance
  • Total Sq Ft: 5046
  • Living Area Sq Ft: 5046
  • Price Per Sq Ft: 64.41
  • Above Grade Finished Sq Ft: 5046
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5923

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Wood Siding
  • Roof: Metal
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Oil
  • Heating Type: Hot Water, Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: SHENANDOAH COUNTY PUBLIC SCHOOLS
  • Elementary School: ASHBY-LEE
  • Middle School: NORTH FORK
  • High School: STONEWALL JACKSON
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121140308152
  • School District Source: 3rd Party
  • Elementary School: ASHBY-LEE
  • High School: STONEWALL JACKSON
  • Middle Or Junior School: NORTH FORK

Lot Info

  • Lot Size Acres: 0.33
  • Lot Size Area: 14462
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 14462.00
  • Year Assessed: 2016
  • Zoning: R-1
  • In City Limits: Yes

Rental Info

  • Lease Term: 12 Months
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1380.60
  • Assessor Parcel Number: 0006607
  • Tax Lot: X
  • Tax Total Finished Sq Ft: 5046
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2017
  • Close Date: 12/10/2019

Multi Family

  • Gross Income: 32880.00
  • Operating Expense: 3000.00
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: SHENANDOAH COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2020
Sold by
Robeson Robert Houston and Robeson Lexa Rae
Bought by
Rocky Creek Properties Llc
Current Estimated Value
$441,477

Purchase Details

Listed on
Sep 18, 2018
Closed on
Dec 9, 2019
Sold by
Chosen Properties Mgmt Llc
Bought by
Robeson Robert Houston and Robeson Lexa Rae
Seller's Agent
Michael Beasley
ERA Valley Realty
Buyer's Agent
Amanda Downs
LPT Realty, LLC
List Price
$325,000
Sold Price
$300,000
Premium/Discount to List
-$25,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.77%
Original Mortgage
$240,000
Interest Rate
3.75%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 26, 2016
Sold by
Hisey Apartments Llc
Bought by
Chosen Properties Mgmt Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Rocky Creek Properties Llc -- None Available
Robeson Robert Houston $300,000 None Available
Chosen Properties Mgmt Llc $245,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Robeson Robert Houston $240,000
Previous Owner Chosen Properties Mgmt Llc $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2019 12/10/19 Sold $300,000 -7.7% $59 / Sq Ft
04/08/2019 04/08/19 For Sale $325,000 0.0% $64 / Sq Ft
03/27/2019 03/27/19 Pending -- -- --
09/18/2018 09/18/18 For Sale $325,000 -- $64 / Sq Ft
Source: Bright MLS

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 $2,415 $377,300 $37,800 $339,500
2024 $2,415 $377,300 $37,800 $339,500
2023 $2,264 $377,300 $37,800 $339,500
2022 $2,188 $377,300 $37,800 $339,500
2021 $1,592 $230,700 $35,800 $194,900
2020 $1,473 $230,100 $35,800 $194,300
2019 $1,473 $230,100 $35,800 $194,300
2018 $1,473 $230,100 $35,800 $194,300
2017 $1,381 $230,100 $35,800 $194,300
2016 $1,381 $230,100 $35,800 $194,300
2015 -- $242,000 $46,000 $196,000
2014 -- $242,000 $46,000 $196,000
Source: Public Records

Agents Affiliated with this Home

  • Michael Beasley

    Seller's Agent in 2019

    Michael Beasley

    ERA Valley Realty

    (540) 325-2123

    4 in this area

    37 Total Sales

    Michael Beasley
    Section Image
  • Amanda Downs

    Buyer's Agent in 2019

    Amanda Downs

    LPT Realty, LLC

    (540) 481-0496

    35 in this area

    345 Total Sales

    Amanda Downs
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1004230248

Bright MLS

APN: 091A1-A-042

Virginia Shenandoah County Mount Jackson 22842

5923 Gospel St, Mount Jackson, VA

This home is located at 5923 Gospel St, Mount Jackson, VA 22842 since 18 September 2018 and is currently estimated at $441,477, approximately $87 per square foot. This property was built in 1885. 5923 Gospel St is a home located in Shenandoah County with nearby schools including Honey Run Elementary School, North Fork Middle School, and Mountain View High School.

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