NOT LISTED FOR SALE

605 Allen Ave Lexington, VA 24450

Estimated Value: $134,000 - $196,000

2 Beds
1 Bath
1,344 Sq Ft
$120/Sq Ft Est. Value

Last Sold May 17, 2016

Last sale price $68,700 $51 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $923/month

24 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • Carpet
  • Harrington Waddell Elementary School Rated A
  • Electric Baseboard Heater

About This Home

As of May 2016

Property is being sold as-is, far below assessed value, to allow for investor's improvements. 2 BR & 1 BA per unit (2 units)

Last Agent to Sell the Property

Brant Wymond

James River Realty - Lexington Listed on: 03/01/2016

Co-Listed By

Janie Harris

James River Realty - Lexington

Last Buyer's Agent

Brant Wymond

James River Realty - Lexington Listed on: 03/01/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,091

Year Built

  • Built in 1976

Lot Details

  • 7,841

Home Design

  • Duplex
  • Shingle Roof
  • HardiePlank Siding

Interior Spaces

  • 1,344 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

  • Dirt Floor
  • Crawl Space

Schools

  • Rockbridge Co High School

Additional Features

  • 7,841 Sq Ft Lot
  • Flood Zone Lot
  • Electric Baseboard Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 18 8 26

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,091

Year Built

Built in 1976

Lot Details

0

Listing Details

  • ConservationEsmnt: No
  • Directions: Travel N on Main St. Cross Rt 11 bypass (near Jordan's Point), make a R onto Campbell, R onto McCormick, and L onto Allen St.
  • HistoricProperty: No
  • Listing Member Name: Brant Wymond
  • Listing Office Short Id: jrrlex
  • Open House Office I D: 20080325192429605012000000
  • Hoa2 Or Poa: No
  • Prop. Type: Multi-Family
  • Selling Member Short Id: WBW
  • Subdivision Yn: No
  • Year Built: 1976
  • Taxes Dollars: 1091.09
  • TotalAcresApx: 0.18
  • Building Style: Duplex
  • ApxTtlSFFnshd: 1344.00
  • Building Stories: 1 Story
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Crawl Space, Dirt Floor, Unfinished
  • Flood Zone Other: not flood zone
  • Updated Floor: Carpet, Laminate, Vinyl
  • Entry Location: Other
  • Full Bathrooms: 1.00

Exterior Features

  • Exterior: Masonry (Hardy) Plnk
  • Road Frontage: City Street
  • Roof: Shingle
  • Street: Allen
  • Surface Water: None
  • Tax Rate: 1.09
  • Flood Zone: NE

Garage/Parking

  • Parking Features: off street

Utilities

  • Heating: Baseboard Electric
  • Sewer: Public Sewer
  • Water: Public Water

Schools

  • Elementary School: Other
  • High School: Rockbridge Co
  • Middle School: Other (Use Remarks)

Lot Info

  • Zoning: Residential

Rental Info

  • Average Rental: 601 - 700
  • Rental Type: Monthly

Tax Info

  • Tax Map Number: 18 8 26
  • Tax Year: 2015

Multi Family

  • Total Number Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2016
Closed on
Apr 19, 2016
Sold by
Harris Shirley D
Bought by
Smith Bryan E
Seller's Agent
Brant Wymond
James River Realty - Lexington
Buyer's Agent
Brant Wymond
James River Realty - Lexington
List Price
$69,900
Sold Price
$68,700
Premium/Discount to List
-$1,200
-1.72%
Current Estimated Value
$160,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,935
Avg. Annual Appreciation
9.40%
Original Mortgage
$58,395
Outstanding Balance
$46,254
Interest Rate
3.59%
Mortgage Type
Commercial
Estimated Equity
$114,381
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
Smith Bryan E $68,700 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Bryan E $58,395
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2016 05/17/16 Sold $68,700 -1.7% $51 / Sq Ft
03/25/2016 03/25/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $69,900 -- $52 / Sq Ft
Source: Rockbridge Highlands 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 $937 $101,900 $30,000 $71,900
2024 $937 $101,949 $30,000 $71,949
2023 $937 $101,949 $30,000 $71,949
2022 $937 $101,949 $30,000 $71,949
2021 $912 $85,994 $25,000 $60,994
2020 $912 $85,994 $25,000 $60,994
2019 $890 $85,994 $25,000 $60,994
2018 $890 $86,000 $25,000 $61,000
2017 $1,111 $100,100 $25,000 $75,100
2016 $1,091 $100,100 $25,000 $75,100
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2016

    Brant Wymond

    James River Realty - Lexington

  • Janie Harris

    Seller Co-Listing Agent in 2016

    Janie Harris

    James River Realty - Lexington

    (540) 463-2117

    51 in this area

    121 Total Sales

    Janie Harris
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Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 130332

APN: 18-8-26

Virginia Lexington City County Lexington 24450

605 Allen Ave, Lexington, VA

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