NOT LISTED FOR SALE

704 Grove St Unit 706 Bedford, VA 24523

Estimated Value: $453,172 - $518,000

-- Bed
3 Baths
5,200 Sq Ft
$93/Sq Ft Est. Value

Last Sold October 11, 2018

Last sale price $225,000 $43 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $2,718/month

4 Days on Market

About This Home

As of October 2018

This is a wonderful opportunity, 6 units with all separate utilities, 2 bdrms, 1.5 baths, great intown walking location. This is an as is sale. Will be a fantastic opportunity. Will need total renovation.

Last Agent to Sell the Property

James Towner

John Stewart Walker, Inc License #0225213162 Listed on: 08/10/2018

Last Buyer's Agent

Steven Bucklew

Blackwater Property Management License #0225076965

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,797

Year Built

  • Built in 1967

Lot Details

  • 0.43 Acre Lot

Parking

  • 1 Parking Space

Home Design

  • 5,200 Sq Ft Home

Flooring

  • Carpet
  • Vinyl

Utilities

  • Heat Pump System
  • Water Heater

Community Details

  • 6 Units
  • 6 Separate Water Meters

Listing and Financial Details

  • Assessor Parcel Number 80502477

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,797

Year Built

Built in 1967

Lot Details

0

Listing Details

  • FILLACRES: 0.4300
  • Directions: on one way street so turn on to Grove from Lee/Baltimore Which runs parallel to Longwood
  • Internet Providers: Satellite, Shentel
  • Lot Measurement: Acres
  • Lot Sq Ft: 18731.00
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 80502477
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: W Side Grove Steet
  • Reciprocal Listing: No
  • Street Number Modifier: 706
  • Flooring: Carpet, Vinyl
  • Year Built Exception: 0
  • Walls: Drywall

Garage/Parking

  • Parking: 1 Space/Unit

Utilities

  • Utility Electric: City of Bedford
  • Cooling: Heat Pump
  • Sewer: City
  • Hot Water: City
  • Water Heater: Individual
  • Number Of Water Meters: 6

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Bedford
  • School District: Bedford

Lot Info

  • Lot Sq Ft: 5200.00

Rental Info

  • Types Of Leases: Other

Tax Info

  • Estimated Taxes: 1797

Multi Family

  • Total Number Units: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2018
Closed on
Oct 11, 2018
Sold by
Rowe Donald M
Bought by
Forest Views Llc
Seller's Agent
James Towner
John Stewart Walker, Inc
Buyer's Agent
Steven Bucklew
Blackwater Property Management
List Price
$219,000
Sold Price
$225,000
Premium/Discount to List
$6,000
2.74%
Current Estimated Value
$485,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,586
Avg. Annual Appreciation
11.55%
Original Mortgage
$300,590
Outstanding Balance
$262,132
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$223,454
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
Forest Views Llc $225,000 Absolute Title & Settlement
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forest Views Llc $300,590
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2018 10/11/18 Sold $225,000 +2.7% $43 / Sq Ft
08/14/2018 08/14/18 Pending -- -- --
08/10/2018 08/10/18 For Sale $219,000 -- $42 / Sq Ft
Source: Lynchburg 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 $1,816 $443,000 $50,000 $393,000
2024 $1,816 $443,000 $50,000 $393,000
2023 $1,816 $221,500 $0 $0
2022 $2,165 $216,500 $0 $0
2021 $1,183 $236,600 $40,000 $196,600
2020 $1,183 $236,600 $40,000 $196,600
2019 $1,183 $236,600 $40,000 $196,600
2018 $1,142 $219,600 $36,000 $183,600
2017 $1,142 $219,600 $36,000 $183,600
2016 $1,142 $219,600 $36,000 $183,600
2015 $1,142 $219,600 $36,000 $183,600
2014 $1,142 $219,600 $36,000 $183,600
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    James Towner

    John Stewart Walker, Inc

  • S

    Buyer's Agent in 2018

    Steven Bucklew

    Blackwater Property Management

    (434) 610-3406

    50 Total Sales

    Steven Bucklew
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 313668

APN: 194-A-153-T

Virginia Bedford City County Bedford 24523

704 Grove St Unit 706, Bedford, VA

This home is located at 704 Grove St Unit 706, Bedford, VA 24523 since 10 August 2018 and is currently estimated at $485,586, approximately $93 per square foot. This property was built in 1967. 704 Grove St Unit 706 is a home located in Bedford City with nearby schools including Bedford Primary School, Bedford Elementary School, and Liberty Middle School.

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