NOT LISTED FOR SALE

6927 Mountain Rd Cedar Bluff, VA 24609

Estimated Value: $155,000 - $237,041

2 Beds
2 Baths
2,560 Sq Ft
$73/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $165,000 $64 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,078/month

Highlights

  • 8.79 Acre Lot
  • Wooded Lot
  • Window Unit Cooling System
  • A-Frame Home
  • No HOA
  • Baseboard Heating

About This Home

As of May 2024

ATTENTION INVESTORS! Available for purchase is an apartment building featuring three units, alongside three mobile homes that generate lot rent. Additionally, there is capacity to accommodate two more mobile homes, offering the potential for increased revenue. This property spans over 8 acres and benefits from a natural spring water supply, with the option for county water hookup.
Addendum: There is a house on top of the mountain that has a right of way to their property. Each apartment has its own washer and dryer hookup.

Last Agent to Sell the Property

Jimmy Akers

Stuart & Assoc License #0225252976 Listed on: 05/15/2024

Last Buyer's Agent

Non Member

Non Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,087

Year Built

  • Built in 1998

Lot Details

  • 8.79 Acre Lot
  • Level Lot
  • Cleared Lot
  • Wooded Lot

Parking

  • Gravel Driveway

Home Design

  • A-Frame Home
  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Insulated Windows
  • Vinyl Flooring
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Outbuilding

Schools

  • Belfst Elk Grdn Elementary School
  • Lebanon Middle School
  • Lebanon High School

Utilities

  • Window Unit Cooling System
  • Heat Pump System
  • Baseboard Heating
  • Spring water is a source of water for the property
  • Septic Tank

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 38l 475e

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,087

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Directions: From Lebanon, take 19N for 11 miles. Turn Right onto Belfast School Rd/Mountain Rd for 0.7 miles. Turn right onto Mountain Rd and drive for 1 mile. See sign on left. GPS friendly.
  • Prop. Type: Residential Income
  • Year Built: 1998
  • Property Sub Type: Multi-Family
  • Architectural Style: A Frame
  • Unit Levels: Two
  • Location Tax Legal Info Parcel ID: 38l 475e
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 8.79
  • General Property Description Zoning2: None
  • General Property Description Elementary School3: Belfst Elk Grdn
  • General Property Description Middle School2: Lebanon
  • General Property Description High School3: Lebanon
  • General Property Description HOA YN: No
  • General Property Description Lot Dimensions: 8.79 Acres
  • TopographyLot Description Level2: Yes
  • Roof Shingle: Yes
  • AC Heat Pump3: Yes
  • Other Structures Outbuilding: Yes
  • TopographyLot Description Sloped: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Foundation Block6: Yes
  • TopographyLot Description Cleared: Yes
  • Excluded From Sale A C Window Units: Yes
  • Flooring Vinyl: Yes
  • Water Spring: Yes
  • TopographyLot Description Wooded: Yes
  • TopographyLot Description Steep Slope: Yes
  • General Property Description # Buildings: 1
  • General Property Description Total Units: 3
  • General Property Description Home Warranty2: No
  • Levels:Two: Yes
  • Special Features: None

Interior Features

  • Flooring: Vinyl
  • Window Features: Insulated Windows

Exterior Features

  • Roof: Shingle
  • Lot Features: Wooded, Steep Slope, Sloped, Level, Cleared
  • Other Structures: Outbuilding
  • Acres: 8.79
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Block
  • Exterior Finish Vinyl Siding: Yes
  • Window Features:Insulated Windows: Yes

Garage/Parking

  • Parking Features: Driveway, Gravel
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • Parking Features:Gravel: Yes

Utilities

  • Heating: Heat Pump, Baseboard
  • Sewer: Septic Tank
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Heat Pump, Window Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Spring, See Remarks
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes
  • Heating:Baseboard: Yes

Schools

  • Elementary School: Belfst Elk Grdn
  • High School: Lebanon
  • Middle Or Junior School: Lebanon

Lot Info

  • Zoning: None
  • Lot Dimensions: 8.79 Acres
  • Lot Size Sq Ft: 382892.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 38l 475e
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2024
Closed on
May 31, 2024
Sold by
Taylor Aaron Russ
Bought by
360 Rental Investments Llc
Seller's Agent
Jimmy Akers
Stuart & Assoc
Buyer's Agent
Non Member
Non Member
List Price
$165,000
Sold Price
$165,000
Views
9
Current Estimated Value
$178,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,702
Avg. Annual Appreciation
10.85%

Purchase Details

Closed on
Aug 17, 2023
Sold by
Houser Cecilia Ann and Price Lisa
Bought by
White James and White Vernell

Purchase Details

Closed on
May 25, 2022
Sold by
Russ Taylor Jr Aaron
Bought by
Taylor Amy Rebecca
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
360 Rental Investments Llc $165,000 None Listed On Document
White James $6,800 None Listed On Document
Taylor Amy Rebecca -- Stanley John E
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $165,000 0.0% $64 / Sq Ft
05/16/2024 05/16/24 Pending -- -- --
05/15/2024 05/15/24 For Sale $165,000 -- $64 / Sq Ft
Source: Tennessee/Virginia Regional MLS

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 $1,087 $187,700 $26,200 $161,500
2024 $874 $138,700 $26,200 $112,500
2023 $874 $138,700 $26,200 $112,500
2022 $874 $138,700 $26,200 $112,500
2021 $874 $138,700 $26,200 $112,500
2020 $874 $138,700 $26,200 $112,500
2019 $874 $138,700 $26,200 $112,500
2018 $779 $123,600 $26,200 $97,400
2017 $779 $123,600 $26,200 $97,400
2016 $779 $123,600 $26,200 $97,400
2015 -- $123,600 $26,200 $97,400
2012 -- $104,800 $25,100 $79,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9965826

Tennessee/Virginia Regional MLS

APN: 38L475E