NOT LISTED FOR SALE

701 Arbutus Ave SE Roanoke, VA 24014

Riverland-Walnut Hill Neighborhood

Estimated Value: $209,636 - $235,000

3 Beds
2 Baths
1,182 Sq Ft
$185/Sq Ft Est. Value

Last Sold November 20, 2023

Last sale price $194,950 $165 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,356/month

1 Day on Market

Highlights

  • Mountain View
  • No HOA
  • 2 Car Detached Garage
  • Crystal Spring Elementary School Rated A-
  • Covered Patio or Porch
  • Walk-In Closet

About This Home

As of November 2023

Lovely and quaint 1925 American Craftsman Bungalow in Southeast Roanoke. This house is on a corner lot with off street parking. Enjoy three bedrooms and two full baths. There is a walk-in closet off the master bedroom. There is a formal dining room and living room. Enjoy your evenings sitting on either the covered front porch or back porch. You will love your own private view of the Mill Mountain Roanoke Star. The house is heated by gas and there is central air conditioning. This home is very close to Carilion Roanoke Memorial Hospital and downtown Roanoke. Please tour the oversized garage (with a second floor) and the storage building.

Last Agent to Sell the Property

Robert Lichtenstein

LICHTENSTEIN ROWAN, REALTORS(r) License #0225145689 Listed on: 10/12/2023

Co-Listed By

Rod Rowan

LICHTENSTEIN ROWAN, REALTORS(r) License #0225028045

Last Buyer's Agent

Scott Avis

MKB, REALTORS(r) License #0225192398

MKB, REALTORS(r)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,399

Year Built

  • Built in 1925

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50 x 140
  • Level Lot
  • Property is zoned R-5

Interior Spaces

  • 1,182 Sq Ft Home
  • 1.5-Story Property
  • Mountain Views
  • Crawl Space
  • Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • On-Street Parking

Outdoor Features

  • Covered Patio or Porch

Schools

  • Crystal Spring Elementary School
  • James Madison Middle School
  • Patrick Henry High School

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 1 / 11

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,399

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Interior Features: Walk-in-Closet
  • Heating System: Forced Air Gas
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Crawl Space
  • Major Appliances: Range Electric, Refrigerator
  • Cooling System: Central Cooling
  • Outside Features: Covered Porch
  • Views: Mountain
  • BedroomsBREntryLevel: 1
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 756.00
  • Internet Access: Cable
  • LaundryLaundryUpperLevel: 1
  • Major Area: 01 - City of Roanoke
  • MasterBedroomsMasterBRUpperLvl: 1
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • Primary Covered Parking S Q F T: 656
  • PrimCoveredPrking: Garage Detached
  • Residential Type: Detached
  • Style Of House: 1.5 Story
  • SubdivisionMap: Riverland Road
  • Total Above Grd Fin S Q F T: 1182
  • TotalBdrm: 3
  • TotalBths: 2.00
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1182.00
  • Uncovered Parking: Street Parking
  • UpperAboveGrdFin Sq Ft: 426.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: No

Utilities

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

Lot Info

  • Lot Description: Level Lot
  • Lot Dimensions: 50 X 140
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.16
  • Lot: 1
  • ZoningCode: R-5

Building Info

  • Year Built: 1925

Tax Info

  • Taxes (6 mo): 1399.00

MLS Schools

  • Elementary School: Crystal Spring
  • HighSchool: Patrick Henry
  • Middle School: James Madison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2022
Sold by
Roanoke Homes Of Virginia Llc
Bought by
Sborne Jeffrey S
Current Estimated Value
$218,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Outstanding Balance
$141,690
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
$77,219

Purchase Details

Closed on
Mar 31, 2022
Sold by
Wilson Robert L
Bought by
Roanoke Homes Of Virginia Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.92%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Nov 2, 2015
Closed on
Jun 6, 2016
Sold by
Zanella Margaret M
Bought by
Wilson Robert L
Seller's Agent
Kimberly Cook
COLDWELL BANKER TOWNSIDE, REALTORS(r)
Buyer's Agent
Debra Anglin
SHEPHERD REALTY GROUP
List Price
$103,000
Sold Price
$103,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.21%
Original Mortgage
$97,850
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2010
Sold by
City Of Roanoke
Bought by
Ziogas Robert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,800
Interest Rate
4.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 7, 2008
Sold by
Nicholson Iydl S
Bought by
Zanella Margaret M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,053
Interest Rate
6.4%
Mortgage Type
FHA

Purchase Details

Closed on
May 22, 2006
Sold by
Richardson Barry Lee
Bought by
Nicholson Iydl S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,600
Interest Rate
6.62%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Sborne Jeffrey S -- Fidelity National Title
Roanoke Homes Of Virginia Llc $115,000 Fidelity National Title
Wilson Robert L $103,000 Acquisition Title & Settleme
Ziogas Robert A -- None Available
Zanella Margaret M $126,000 Century Title Services Inc
Nicholson Iydl S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sborne Jeffrey S $146,250
Previous Owner Roanoke Homes Of Virginia Llc $100,000
Previous Owner Wilson Robert L $97,850
Previous Owner Ziogas Robert A $7,800
Previous Owner Zanella Margaret M $124,053
Previous Owner Nicholson Iydl S $20,600
Previous Owner Nicholson Iydl S $82,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/20/2023 11/20/23 Sold $194,950 -7.1% $165 / Sq Ft
10/13/2023 10/13/23 Pending -- -- --
10/12/2023 10/12/23 For Sale $209,950 +103.8% $178 / Sq Ft
06/10/2016 06/10/16 Sold $103,000 0.0% $86 / Sq Ft View Prior Sale
01/29/2016 01/29/16 Pending -- -- --
11/02/2015 11/02/15 For Sale $103,000 -- $86 / Sq Ft
Source: Roanoke Valley 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
2025 $2,454 $183,600 $37,300 $146,300
2024 $2,454 $160,300 $26,100 $134,200
2023 $2,162 $114,700 $23,800 $90,900
2022 $1,518 $109,300 $18,400 $90,900
2021 $1,209 $99,100 $15,400 $83,700
2020 $1,370 $99,100 $15,400 $83,700
2019 $1,360 $98,300 $15,400 $82,900
2018 $1,327 $95,600 $15,400 $80,200
2017 $1,198 $92,900 $15,400 $77,500
2016 $1,130 $87,300 $15,400 $71,900
2015 $1,023 $88,200 $15,400 $72,800
2014 $1,023 $89,300 $15,400 $73,900
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Robert Lichtenstein

    LICHTENSTEIN ROWAN, REALTORS(r)

    (540) 353-7042

    1 in this area

    21 Total Sales

    Robert Lichtenstein
    Section Image

  • R

    Seller Co-Listing Agent in 2023

    Rod Rowan

    LICHTENSTEIN ROWAN, REALTORS(r)

    (540) 904-6888

    1 in this area

    17 Total Sales

    Rod Rowan
    Section Image
  • Scott Avis

    Buyer's Agent in 2023

    Scott Avis

    MKB, REALTORS(r)

    (540) 529-1983

    2 in this area

    328 Total Sales

    Scott Avis
    Section Image

  • K

    Seller's Agent in 2016

    Kimberly Cook

    COLDWELL BANKER TOWNSIDE, REALTORS(r)

    (540) 309-9600

    1 in this area

    27 Total Sales

    Kimberly Cook
    Section Image

  • D

    Buyer's Agent in 2016

    Debra Anglin

    SHEPHERD REALTY GROUP

    17 Total Sales

    Debra Anglin
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 902401

Roanoke Valley Association of REALTORS®

APN: 416-0201

Virginia Roanoke City County Roanoke 24014 Riverland-Walnut Hill

701 Arbutus Ave SE, Roanoke, VA

Not Listed for Sale

Detached

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