NOT LISTED FOR SALE

605 Rives Rd Martinsville, VA 24112

Estimated Value: $93,000 - $146,000

2 Beds
1 Bath
1,280 Sq Ft
$90/Sq Ft Est. Value

Last Sold September 20, 2022

Last sale price $65,000 $51 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $679/month

28 Days on Market

Highlights

  • Wood Flooring
  • 1 Fireplace
  • Living Room
  • Main Floor Bedroom
  • Cooling Available
  • Bathroom on Main Level

About This Home

As of September 2022

Beautifully maintained brick home in the heart of the city. Home has a sunroom with a metal roof. Two good size bedrooms. Beautiful hardwood floors!

Last Agent to Sell the Property

Penny Elliott

The Spencer Group R.E. & Auction Brokerage Phone: 2766385222 License #0225105744 Listed on: 08/22/2022

Last Buyer's Agent

Penny Elliott

The Spencer Group R.E. & Auction Brokerage Phone: 2766385222 License #0225105744 Listed on: 08/22/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $696

Year Built

  • Built in 1938

Lot Details

  • 9,000 Sq Ft Lot
  • Lot Dimensions are 60x150
  • Property is in good condition
  • Property is zoned R-N

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Metal Roof
  • Lead Paint Disclosure

Interior Spaces

  • 1,280 Sq Ft Home
  • Ceiling Fan
  • 1 Fireplace
  • Living Room
  • Unfinished Basement
  • Partial Basement
  • Electric Range

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 1 Full Bathroom

Schools

  • Albert Harris Elementary School
  • Martinsville City Middle School
  • Martinsville High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Martinsville Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$696

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 60x150
  • Subdivision Name: Martinsville
  • Directions: Mulberry Rd to Rives Rd, Home on Left
  • Carport Y N: No
  • Garage Yn: No
  • Year Built: 1938
  • Kitchen Level: First
  • RoomBedroomLevel: First
  • RoomBathroomLevel: First
  • Attribution Contact: 2766385222
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, As Is, Electric Range, Refrigerator
  • Other Equipment: No Farm Equipment
  • Has Basement: Partial, Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: 1
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Vinyl, Wood
  • Interior Amenities: 1st Floor Bedroom, Ceiling Fan(s)
  • Living Area: 1280
  • Living Room Living Room Level: First
  • Dining Room Dining Room Level: First

Exterior Features

  • Waterfront Features: No Surface Water
  • Disclosures: Lead Paint
  • Home Warranty: No
  • Construction Type: Brick
  • Property Condition: Good
  • Roof: Composition, Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: None

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Utilities On
  • Water Source: Public

Schools

  • Elementary School: Albert Harris
  • High School: Martinsville
  • Middle Or Junior School: Martinsville City

Lot Info

  • Lot Size Sq Ft: 9000
  • Zoning: R-N
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2022
Closed on
Sep 20, 2022
Sold by
Lovelace Thomas W
Bought by
Goode Anita C
Seller's Agent
Penny Elliott
The Spencer Group R.E. & Auction
Buyer's Agent
Penny Elliott
The Spencer Group R.E. & Auction
List Price
$65,000
Sold Price
$65,000
Current Estimated Value
$114,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,996
Avg. Annual Appreciation
18.10%

Purchase Details

Closed on
Sep 25, 2013
Sold by
Helsley Mike S and Helsley Sarah H
Bought by
Lovelace Thomas W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
4.42%
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
Goode Anita C $65,000 Commonwealth Land Title
Lovelace Thomas W $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lovelace Thomas W $28,000
Previous Owner Burnette Sarah H $38,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2022 09/20/22 Sold $65,000 0.0% $51 / Sq Ft
09/20/2022 09/20/22 Pending -- -- --
08/22/2022 08/22/22 For Sale $65,000 -- $51 / Sq Ft
Source: Martinsville, Henry & Patrick Counties 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
2024 $696 $70,300 $8,000 $62,300
2023 $696 $70,300 $8,000 $62,300
2022 $393 $37,800 $8,000 $29,800
2021 $393 $37,800 $8,000 $29,800
2020 $401 $37,800 $8,000 $29,800
2019 $401 $37,800 $8,000 $29,800
2018 $372 $35,000 $8,000 $27,000
2017 $372 $35,000 $8,000 $27,000
2016 $372 $35,000 $8,000 $27,000
2015 $238 $35,000 $8,000 $27,000
2014 $268 $50,400 $8,000 $42,400
Source: Public Records

Agents Affiliated with this Home

  • Penny Elliott

    Seller's Agent in 2022

    Penny Elliott

    The Spencer Group R.E. & Auction

    (276) 252-4247

    136 Total Sales

    Penny Elliott
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Map

Source: Martinsville, Henry & Patrick Counties Association of REALTORS®

MLS Number: 138421

APN: 000193400

Virginia Martinsville County Martinsville 24112

605 Rives Rd, Martinsville, VA

This home is located at 605 Rives Rd, Martinsville, VA 24112 since 22 August 2022 and is currently estimated at $114,996, approximately $89 per square foot. This property was built in 1938. 605 Rives Rd is a home located in Martinsville City with nearby schools including Patrick Henry Elementary School, Martinsville Middle School, and Martinsville High School.

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