NOT LISTED FOR SALE

617 Jefferson Ave Clifton Forge, VA 24422

Estimated Value: $75,000 - $135,000

3 Beds
1 Bath
2,010 Sq Ft
$48/Sq Ft Est. Value

Last Sold April 09, 2024

Last sale price $71,200 $35 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $550/month

118 Days on Market

About This Home

As of April 2024

Investment property. This duplex is just a minute from downtown Clifton Forge with two long-term tenants. Both units feature 2 bedrooms and one bathroom, central air, and an extra lot on the side of the house that could be converted to parking spots. Work needed>The yearly full rent revenue is $15,600. There is an option of a package deal with properties at 616 Church St., 219 West Ridge, 617 Church St., and 809 Brussels Ave. This duplex has two separate electrical meters, which are covered by tenants. Water is public and, for now, paid by the owner. Schools: Mountain View Elementary, Clifton Middle School, Alleghany High School

Last Agent to Sell the Property

Dominika Williams

HIGHLANDS REALTY & ASSOCIATES LLC License #0225262141 Listed on: 09/13/2023

Last Buyer's Agent

Dominika Williams

HIGHLANDS REALTY & ASSOCIATES LLC License #0225262141 Listed on: 09/13/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $406

Year Built

  • Built in 1922

Lot Details

  • 4,792

Home Design

  • 2,010 Sq Ft Home
  • Duplex
  • Slab Foundation

Parking

  • 2 Parking Spaces
  • On-Street Parking

Additional Features

  • Lot Dimensions are 40x 125
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 1 & 2 / 9

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Operating Expense $3,000
  • Gross Income $15,600
  • Net Operating Income $12,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$406

Year Built

Built in 1922

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Heat Pump Electric
  • CondoAssocYN: No
  • Major Area: 27 - Alleghany County
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 2.00
  • NumberVehicleSpaces: 2.00
  • Hoa2 Or Poa: No
  • TotalAnnualExpen: 3000.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Street

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water

Lot Info

  • Lot Dimensions: 40x 125
  • Property Group Id: 19990816212116581394000000
  • Lot: 1 & 2

Building Info

  • Year Built: 1922

Tax Info

  • Taxes (6 mo): 406.41

Multi Family

  • Tenant Pays: All Utilities
  • Units In Building: 2.00
  • Multi Family Type: Duplex

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
Sep 13, 2023
Closed on
Apr 9, 2024
Sold by
Brinkley Lewis R
Bought by
Grey & Son Residential
Seller's Agent
Dominika Williams
HIGHLANDS REALTY & ASSOCIATES LLC
Buyer's Agent
Dominika Williams
HIGHLANDS REALTY & ASSOCIATES LLC
List Price
$89,000
Sold Price
$71,200
Premium/Discount to List
-$17,800
-20%
Views
212
Current Estimated Value
$96,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,932
Avg. Annual Appreciation
16.55%

Purchase Details

Closed on
Aug 20, 2003
Sold by
Brown Mary Jane
Bought by
Brinkley Lewis R and Margaret Jane
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
Grey & Son Residential $367,800 --
Brinkley Lewis R $20,900 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2024 04/09/24 Sold $71,200 -20.0% $35 / Sq Ft
01/09/2024 01/09/24 Pending -- -- --
09/13/2023 09/13/23 For Sale $89,000 -- $44 / Sq Ft
Source: Roanoke Valley 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 $523 $106,800 $6,000 $100,800
2024 $297 $40,700 $3,000 $37,700
2023 $297 $40,700 $3,000 $37,700
2022 $297 $40,700 $3,000 $37,700
2021 $297 $40,700 $3,000 $37,700
2020 $297 $40,700 $3,000 $37,700
2019 $297 $40,700 $3,000 $37,700
2018 $303 $42,700 $3,000 $39,700
2017 $303 $42,700 $3,000 $39,700
2016 $303 $42,700 $3,000 $39,700
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2012 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dominika Williams

    Seller's Agent in 2024

    Dominika Williams

    HIGHLANDS REALTY & ASSOCIATES LLC

    (540) 960-3234

    25 in this area

    58 Total Sales

    Dominika Williams
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 901660

Roanoke Valley Association of REALTORS®

APN: 12300-01-209-0020

Virginia Alleghany County Clifton Forge 24422

617 Jefferson Ave, Clifton Forge, VA

Not Listed for Sale

MultiFamily

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Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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