NOT LISTED FOR SALE

701 Highland Ave SW Roanoke, VA 24016

Old Southwest Neighborhood

Estimated Value: $108,000 - $160,000

1 Bed
1 Bath
288 Sq Ft
$471/Sq Ft Est. Value

Last Sold September 11, 2019

Last sale price $45,000 $156 Per Sq Ft

Est. 201% increase in value since last sale

Current estimated payment $802/month

297 Days on Market

Highlights

  • Mountain View
  • No HOA
  • Level Lot
  • Ranch Style House
  • Public Transportation
  • 1-minute walk to Highland Park

About This Home

As of September 2019

Great investment opportunity. This large corner lot, zoned RM-1, has building potential to replace an old duplex which has been demolished & removed. Already on the lot is a one room studio apt ready for occupancy. Possibilities abound for this unique offering.

Last Agent to Sell the Property

Rick Payne

MKB, REALTORS(r) License #0225191313 Listed on: 10/16/2018

MKB, REALTORS(r)

Last Buyer's Agent

Mason McLeod

LICHTENSTEIN ROWAN, REALTORS(r) License #0225206597

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $268

Year Built

  • Built in 1927

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 45 x 100
  • Level Lot

Home Design

  • Ranch Style House
  • Slab Foundation

Interior Spaces

  • 288 Sq Ft Home
  • Mountain Views
  • Electric Range

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • 2 Open Parking Spaces
  • Off-Street Parking

Schools

  • Morningside Elementary School
  • John P. Fishwick Middle School
  • Patrick Henry High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Public Transportation

Listing and Financial Details

  • Legal Lot and Block 1&W5FTL2 / 34

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$268

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Heating System: Gas - Natural, Other - See Remarks
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Slab
  • Major Appliances: Range Electric, Refrigerator
  • Cooling System: Window A/C
  • Views: Mountain
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 1
  • EntryAboveGrdFin Sq Ft: 288.00
  • ExteriorDoors: Metal
  • FullBathsFullBathsEntryLvl: 1
  • Grand Total Attached S Q F T: 288
  • Major Area: 01 - City of Roanoke
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2019-08-09
  • Residential Type: Detached
  • Style Of House: Ranch
  • SubdivisionMap: Belmont
  • Total Above Grd Fin S Q F T: 288
  • TotalBdrm: 1
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 288.00
  • UncoveredNumberSpaces: 2.00
  • Uncovered Parking: Off Street Parking
  • Water Class: N/A
  • Water Htr Energy: Natural Gas
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1

Interior Features

  • Basement YN: No

Utilities

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

Schools

  • Elementary School: Morningside
  • Middle School: John P. Fishwick
  • High School: Patrick Henry

Lot Info

  • Lot Description: Level Lot
  • Lot Dimensions: 45 x 100
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.23
  • Lot: 1&W5FTL2
  • ZoningCode: RM1

Building Info

  • Year Built: 1927

Tax Info

  • Taxes (6 mo): 268.00
  • FILLTAXID: 4122501

MLS Schools

  • Elementary School: Morningside
  • HighSchool: Patrick Henry
  • Middle School: John P. Fishwick

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2018
Closed on
Sep 11, 2019
Sold by
Laprad Delores E
Bought by
Commonwealth Development Llc
Seller's Agent
Rick Payne
MKB, REALTORS(r)
Buyer's Agent
Mason McLeod
LICHTENSTEIN ROWAN, REALTORS(r)
List Price
$49,950
Sold Price
$45,000
Premium/Discount to List
-$4,950
-9.91%
Current Estimated Value
$135,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,649
Avg. Annual Appreciation
17.80%
Original Mortgage
$43,000
Interest Rate
3.7%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Commonwealth Development Llc $45,000 First Choice Title & Setmnt
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Commonwealth Development Llc $43,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2019 09/11/19 Sold $45,000 -9.9% $156 / Sq Ft
08/09/2019 08/09/19 Pending -- -- --
10/16/2018 10/16/18 For Sale $49,950 -- $173 / 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 $964 $62,900 $25,200 $37,700
2024 $964 $53,900 $18,000 $35,900
2023 $848 $44,200 $14,400 $29,800
2022 $643 $38,600 $12,200 $26,400
2021 $577 $33,900 $11,200 $22,700
2020 $466 $25,900 $10,400 $15,500
2019 $399 $20,400 $10,400 $10,000
2018 $397 $22,000 $12,000 $10,000
2017 $355 $22,000 $12,000 $10,000
2016 $1,165 $89,300 $12,000 $77,300
2015 $1,111 $89,300 $12,000 $77,300
2014 $1,111 $89,300 $12,000 $77,300
Source: Public Records

Agents Affiliated with this Home

  • Rick Payne

    Seller's Agent in 2019

    Rick Payne

    MKB, REALTORS(r)

    (540) 793-0442

    94 Total Sales

    Rick Payne
    Section Image

  • M

    Buyer's Agent in 2019

    Mason McLeod

    LICHTENSTEIN ROWAN, REALTORS(r)

    (540) 597-5595

    2 in this area

    7 Total Sales

    Mason McLeod
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 853286

Roanoke Valley Association of REALTORS®

APN: 4122501

Virginia Roanoke City County Roanoke 24013 Old Southwest

701 Highland Ave SW, Roanoke, VA

This home is located at 701 Highland Ave SW, Roanoke, VA 24016 since 16 October 2018 and is currently estimated at $135,649, approximately $471 per square foot. This property was built in 1927. 701 Highland Ave SW is a home located in Roanoke City with nearby schools including Wasena Elementary School, James Madison Middle School, and Patrick Henry High School.

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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