NOT LISTED FOR SALE

701 Reservoir Rd Ridgeway, VA 24148

Estimated Value: $227,000 - $796,000

3 Beds
3.5 Baths
2,279 Sq Ft
$250/Sq Ft Est. Value

Last Sold August 02, 2021

Last sale price $578,000 $254 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $3,027/month

17 Days on Market

Highlights

  • Lake Front
  • Home fronts a creek
  • Deck
  • Horses Allowed On Property
  • 4,038,883 Sq Ft lot
  • Wood Flooring

About This Home

As of August 2021

Beautiful ranch setting on 92 acres. Custom built in 2005. Info sheet under Documents (too many to list).

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,250

Year Built

  • Built in 2005

Lot Details

  • 92.72 Acre Lot
  • Home fronts a creek
  • Lake Front
  • Hunting Land
  • Property is in very good condition
  • Property is zoned A-1 Agr

Home Design

  • Composition Roof
  • Vinyl Siding
  • Stone Exterior Construction

Interior Spaces

  • 2,279 Sq Ft Home
  • Ceiling Fan
  • 2 Fireplaces
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Double Pane Windows
  • Blinds
  • Living Room
  • Washer and Dryer Hookup

Kitchen

  • Single Self-Cleaning Oven
  • Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Block Basement Construction

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Gravel Driveway
  • Open Parking

Outdoor Features

  • Deck
  • Patio
  • Separate Outdoor Workshop
  • Outbuilding
  • Porch

Schools

  • Drewry Mason Elementary School
  • Laurel Park Middle School
  • Magna Vista High School

Farming

  • Equipment Barn
  • Pasture

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Underground Utilities
  • Water Filtration System
  • Well
  • Electric Water Heater
  • Septic Tank
  • Satellite Dish

Community Details

  • Ridgeway Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,250

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Horses: Yes
  • Lot Size: 92.72 acres
  • Subdivision Name: Ridgeway
  • Directions: 220 South just before Commonwealth Crossing. Turn right onto SR 689, cross railroad, keep straight to gate.
  • Carport Y N: No
  • Garage Yn: No
  • Year Built: 2005
  • Kitchen Level: First
  • RoomBedroomLevel: First
  • RoomBathroomLevel: First
  • Attribution Contact: 2766323463
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Single Oven, Cooktop, Dishwasher, Microwave, Refrigerator, Self Cleaning Oven, Water Filter
  • Other Equipment: Satellite Dish, No Farm Equipment
  • Has Basement: Block, Full, Partially Finished, Exterior Entry
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: 2, High Eff Gas Logs, Masonry
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Vinyl, Wood
  • Interior Amenities: 1st Floor Bedroom, Walk-In Closet(s), Ceiling Fan(s)
  • Living Area: 2279
  • Window Features: Blinds, Double Pane Windows
  • Living Room Living Room Level: First
  • Bathroom 1 Level: First
  • Dining Room Dining Room Level: First

Exterior Features

  • Lot Features: Horses Permitted, Pasture, Hunting
  • Waterfront Features: Creek, Lake
  • Home Warranty: No
  • Construction Type: Other, Stone, Vinyl Siding
  • Other Structures: Outbuilding, Equipment Shed, Workshop
  • Patio And Porch Features: Deck, Patio, Porch
  • Property Condition: Very Good
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: None, Gravel Drive

Utilities

  • Laundry Features: Dryer Hookup, Washer Hookup
  • Security: Smoke Detector(s), Security System
  • Cooling: Zoned, Heat Pump
  • Cooling Y N: Yes
  • Heating: Zoned, Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Underground Utilities, Utilities On
  • Water Source: Well

Schools

  • Elementary School: Drewry Mason
  • High School: Magna Vista
  • Middle Or Junior School: Laurel Park

Lot Info

  • Lot Size Sq Ft: 4038883.2
  • Zoning: A-1 Agr
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2021
Closed on
Aug 2, 2021
Sold by
Esarey William L and Esarey Victoria C
Bought by
Hammond David L and Hammond Jeananne M
List Price
$578,000
Sold Price
$578,000
Current Estimated Value
$533,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$44,255
Avg. Annual Appreciation
-1.84%
Original Mortgage
$578,000
Outstanding Balance
$481,921
Interest Rate
2.93%
Mortgage Type
VA
Estimated Equity
$54,303
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
Hammond David L $578,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hammond David L $578,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2021 08/02/21 Sold $578,000 0.0% $254 / Sq Ft
06/06/2021 06/06/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $578,000 -- $254 / Sq Ft
Source: Martinsville, Henry & Patrick Counties 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
2024 $1,250 $225,200 $19,400 $205,800
2023 $1,250 $225,200 $19,400 $205,800
2022 $1,250 $225,200 $19,400 $205,800
2021 $1,250 $225,200 $19,400 $205,800
2020 $1,257 $226,500 $19,400 $207,100
2019 $1,257 $226,500 $19,400 $207,100
2018 $125,708 $226,500 $19,400 $207,100
2017 $125,708 $226,500 $19,400 $207,100
2016 $112,484 $230,500 $19,400 $211,100
2015 $112,484 $230,500 $19,400 $211,100
2014 $99,015 $202,900 $19,400 $183,500
Source: Public Records

Map

Source: Martinsville, Henry & Patrick Counties Association of REALTORS®

MLS Number: 135865

APN: 065510032

Virginia Henry County Ridgeway 24148

701 Reservoir Rd, Ridgeway, VA

This home is located at 701 Reservoir Rd, Ridgeway, VA 24148 since 19 May 2021 and is currently estimated at $569,716, approximately $249 per square foot. This property was built in 2005. 701 Reservoir Rd is a home located in Henry County with nearby schools including Drewry Mason Elementary School, Laurel Park Middle School, and Magna Vista High School.

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