NOT LISTED FOR SALE

63 Old Craft Shop Rd Ferrum, VA 24088

Ferrum Area

Estimated Value: $180,000 - $232,487

3 Beds
2 Baths
1,300 Sq Ft
$164/Sq Ft Est. Value

Sale Details

Date Sold: November 16, 2022

Last sale price $152,000 $117 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $1,226 / mo

8 Days on Market

Highlights

  • Mountain View
  • Patio
  • 1-Story Property
  • No HOA
  • Shed
  • Garden

About This Home

As of November 2022

Perfect Starter Home with room to grow equity fast or would make a good investment property to flip or rent! This home has lots of great potential! Many updates inside with repairs and remodeling still needed, Price has been discounted and reflects repairs needed and is being sold in as is condition only. Seller will not make any repairs but inspections welcome for informational purposes. Split Bedroom design, Laundry has been moved to main level, but there is a second hookup in basement. Updated Kitchen, Roof believed to have been replaced after 2011. 3 Bedrooms/2 Full Baths. Paved Drive, Public Water. Close to Ferrum College, @10 minutess from Rocky Mount and @ 10 min to Philpott Lake!!

Last Agent to Sell the Property

Marilyn Perdue

WAINWRIGHT & CO., REALTORS(r)- LAKE License #0225113125 Listed on: 08/26/2022

Last Buyer's Agent

Thomas Boettner

WAINWRIGHT & CO., REALTORS(r) License #0225239756

WAINWRIGHT & CO., REALTORS(r)

Range of Values:

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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 Details

Home Type

  • Single Family

Est. Annual Taxes

  • $635

Year Built

  • Built in 1975

Lot Details

  • 28,314 Sq Ft Lot
  • Lot Sloped Up
  • Garden
  • Property is zoned NZ

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,300 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Mountain Views
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 3 Open Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Patio
  • Shed

Schools

  • Ferrum Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 17-20

Home Details

Home Type

Single Family

Est. Annual Taxes

$635

Year Built

Built in 1975

Lot Details

0.65 Acres

Listing Details

  • Interior Features: Ceiling Fan
  • Heating System: Heat Pump Electric
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Cooling System: Heat Pump Electric
  • Outside Features: Garden Space, Patio, Paved Driveway, Storage Shed
  • Views: Mountain
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 3
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1300.00
  • Internet Access: Undetermined
  • LaundryLaundryEntryLevel: 1
  • LaundryLaundryLowerLevel: 1
  • Major Area: 04 - Franklin County
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Detached
  • Style Of House: 1 Story
  • SubdivisionMap: John O Martin
  • Total Above Grd Fin S Q F T: 1300
  • TotalBdrm: 3
  • TotalBths: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1300.00
  • TotalUnfin Sq Ft: 850.00
  • UncoveredNumberSpaces: 3.00
  • Uncovered Parking: Off Street Parking
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 850.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

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

Association/Amenities

  • Misc Features: Maint-Free Exterior

Lot Info

  • Lot Description: Up Slope
  • Lot Dimensions: irregular
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.65
  • Lot: 17-20
  • ZoningCode: NZ

Building Info

  • Year Built: 1975

Tax Info

  • Taxes (6 mo): 635.00

MLS Schools

  • Elementary School: Ferrum
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2022
Closed on
Nov 14, 2022
Sold by
Bought by
Seller's Agent
Marilyn Perdue
WAINWRIGHT & CO., REALTORS(r)- LAKE
Buyer's Agent
Thomas Boettner
WAINWRIGHT & CO., REALTORS(r)
List Price
$145,000
Sold Price
$152,000
Premium/Discount to List
$7,000
4.83%
Current Estimated Value
$213,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,122
Avg. Annual Appreciation
9.43%
Original Mortgage
$155,496
Outstanding Balance
$149,220
Interest Rate
6.94%
Mortgage Type
VA
Estimated Equity
$63,902
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Ferrum, VA

  • Tony Lowrey Real Estate Agent - LOWREY REALTY LLC

    Tony Lowrey

    LOWREY REALTY LLC

    (434) 215-0459

    45 Total Sales

    1 in Ferrum

    $288,000 Price

    Tony Lowrey
     Section Image
  • Charlene Jones Real Estate Agent - Re/Max Lakefront Realty

    Charlene Jones

    Re/Max Lakefront Realty

    (540) 698-4928

    185 Total Sales

    2 in Ferrum

    $55,000 Price Range

    Charlene Jones
     Section Image
  • Billy Kingery Real Estate Agent - MOUNTAIN TO LAKE REALTY

    Billy Kingery

    MOUNTAIN TO LAKE REALTY

    (540) 590-5830

    373 Total Sales

    7 in Ferrum

    $30K - $390K Price Range

    Billy Kingery
     Section Image
  • Lucinda Scruggs Real Estate Agent - QUALITY REALTY

    Lucinda Scruggs

    QUALITY REALTY

    (540) 401-5951

    125 Total Sales

    2 in Ferrum

    $265K - $275K Price Range

    Lucinda Scruggs
     Section Image
  • Rich Northrup Real Estate Agent - Wainwright & Co., Realtors

    Rich Northrup

    Wainwright & Co., Realtors

    (585) 565-6316

    27 Total Sales

    1 in Ferrum

    $204,900 Price

    Rich Northrup
     Section Image
  • Brenda Bratt Real Estate Agent - WAINWRIGHT & CO., REALTORS(r)- LAKE

    Brenda Bratt

    WAINWRIGHT & CO., REALTORS(r)- LAKE

    (540) 590-5011

    228 Total Sales

    3 in Ferrum

    $265K - $430K Price Range

    Brenda Bratt
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$152,000 First Choice Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $155,496
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/16/2022 11/16/22 Sold $152,000 +4.8% $117 / Sq Ft
09/03/2022 09/03/22 Pending -- -- --
08/26/2022 08/26/22 For Sale $145,000 -- $112 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $648 $150,700 $27,000 $123,700
2024 $648 $150,700 $27,000 $123,700
2023 $631 $103,500 $20,000 $83,500
2022 $631 $103,500 $20,000 $83,500
2021 $631 $103,500 $20,000 $83,500
2020 $631 $103,500 $20,000 $83,500
2019 $571 $93,600 $20,000 $73,600
2018 $571 $93,600 $20,000 $73,600
2017 $515 $85,700 $22,000 $63,700
2016 $515 $85,700 $22,000 $63,700
2015 $463 $85,700 $22,000 $63,700
2014 $463 $85,700 $22,000 $63,700
2013 $463 $85,700 $22,000 $63,700
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Marilyn Perdue

    WAINWRIGHT & CO., REALTORS(r)- LAKE

    (540) 353-3072

    26 Total Sales

    Marilyn Perdue
    Section Image
  • Thomas Boettner Real Estate Agent - WAINWRIGHT & CO., REALTORS(r)

    Buyer's Agent in 2022

    Thomas Boettner

    WAINWRIGHT & CO., REALTORS(r)

    (540) 589-6187

    67 Total Sales

    Thomas Boettner
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 892483

Roanoke Valley Association of REALTORS®

APN: 4020004200

Virginia Franklin County Ferrum 24088

63 Old Craft Shop Rd, Ferrum, VA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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