NOT LISTED FOR SALE

602 River Rd Madison Heights, VA 24572

Estimated Value: $170,482 - $245,000

2 Beds
1 Bath
960 Sq Ft
$202/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $155,000 $161 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,065/month

Highlights

  • River View
  • No HOA
  • Restaurant
  • Deck
  • Covered Patio or Porch
  • 1-Story Property

About This Home

As of May 2024

Move in ready!! Come see this cute single story home with beautiful front porch views of the James River. Recent upgrades to the interior including paint, vinyl plank flooring, new light fixtures and carpeting. Located only 2 miles from downtown Lynchburg. Enjoy the feeling of privacy while overlooking the beautiful views around. Close to lots of shipping, schools, and parks. Driveway for off street parking. Elementary School: Madison Heights, Middle School: Monelison, High School: Amherst County

Last Agent to Sell the Property

Kelly Giarla

MKB, REALTORS(r) License #0225267594 Listed on: 05/10/2024

MKB, REALTORS(r)

Last Buyer's Agent

Non Member Transaction Agent

Non-Member Transaction Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $518

Year Built

  • Built in 2005

Lot Details

  • Property is zoned R2

Property Views

  • River
  • Mountain

Interior Spaces

  • 960 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Crawl Space
  • Laundry on main level

Kitchen

  • Electric Range
  • Built-In Microwave

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 3 Open Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heat Pump System
  • Water Heater
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Restaurant

Listing and Financial Details

  • Tax Block 2

Home Details

Home Type

Single Family

Est. Annual Taxes

$518

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan
  • Heating System: Heat Pump Electric
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Crawl Space
  • Major Appliances: Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Central Cooling, Heat Pump Electric
  • Outside Features: Covered Porch, Deck
  • Views: Mountain, River, Sunset
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 2
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 960.00
  • ExteriorDoors: Metal
  • Internet Access: DSL
  • InternetAccessCurntInternetProv: Verizon
  • LaundryLaundryEntryLevel: 1
  • Major Area: 22 - Amherst County
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Detached
  • Style Of House: 1 Story
  • Total Above Grd Fin S Q F T: 960
  • TotalBdrm: 2
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 960.00
  • UncoveredNumberSpaces: 3.00
  • Uncovered Parking: Off Street Parking
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: No

Exterior Features

  • Porch: Front Porch, Rear Porch

Utilities

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

Association/Amenities

  • Misc Features: Paved Road

Lot Info

  • Lot Description: Varied
  • Property Group Id: 19990816212109142258000000
  • ZoningCode: R2

Building Info

  • Year Built: 2005

Tax Info

  • Taxes (6 mo): 518.50

MLS Schools

  • Elementary School: Other - See Remarks
  • HighSchool: Other - See Remarks
  • Middle School: Other - See Remarks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2024
Closed on
May 29, 2024
Sold by
Sherman Kelley R
Bought by
Downtown River Retreat Llc
Seller's Agent
Kelly Giarla
MKB, REALTORS(r)
Buyer's Agent
Non Member Transaction Agent
Non-Member Transaction Office
List Price
$155,000
Sold Price
$155,000
Views
6
Current Estimated Value
$194,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,371
Avg. Annual Appreciation
17.41%

Purchase Details

Listed on
May 11, 2018
Closed on
Jun 21, 2018
Sold by
Argenbright Jesse and Argenbright Melitta D
Bought by
Sherman Kelley R
Seller's Agent
Schyler Higgins
Cornerstone Realty Group Inc.
Buyer's Agent
Schyler Higgins
Cornerstone Realty Group Inc.
List Price
$75,000
Sold Price
$78,750
Premium/Discount to List
$3,750
5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.36%
Original Mortgage
$79,545
Interest Rate
4.5%
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
Downtown River Retreat Llc $155,000 Fidelity National Title
Sherman Kelley R $78,750 Mountain View Stlmt Svcs Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sherman Kelley R $79,545
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2024 05/31/24 Sold $155,000 0.0% $161 / Sq Ft
05/10/2024 05/10/24 Pending -- -- --
05/10/2024 05/10/24 For Sale $155,000 +96.8% $161 / Sq Ft
08/10/2018 08/10/18 Sold $78,750 +5.0% $54 / Sq Ft View Prior Sale
05/21/2018 05/21/18 Pending -- -- --
05/11/2018 05/11/18 For Sale $75,000 -- $52 / 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
2025 $519 $85,000 $25,000 $60,000
2024 $519 $85,000 $25,000 $60,000
2023 $519 $85,000 $25,000 $60,000
2022 $519 $85,000 $25,000 $60,000
2021 $519 $85,000 $25,000 $60,000
2020 $519 $85,000 $25,000 $60,000
2019 $581 $95,300 $26,000 $69,300
2018 $581 $95,300 $26,000 $69,300
2017 $581 $95,300 $26,000 $69,300
2016 $581 $95,300 $26,000 $69,300
2015 $534 $95,300 $26,000 $69,300
2014 $534 $95,300 $26,000 $69,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 907478

Roanoke Valley Association of REALTORS®

APN: 155-A-61