NOT LISTED FOR SALE

720 Shannons Branch Rd Cedar Bluff, VA 24609

Estimated Value: $363,000 - $445,000

8 Beds
6 Baths
6,905 Sq Ft
$57/Sq Ft Est. Value

Last Sold August 04, 2020

Last sale price $335,000 $49 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,216/month

310 Days on Market

Highlights

  • Guest House
  • Pond View
  • 2 Fireplaces
  • Home fronts a pond
  • Mature Trees
  • Double Oven

About This Home

As of August 2020

You have now discovered the ultimate destination for a tranquil, mountain lifestyle. This 5 residence property sits on an idyllic 20 acres that also houses winding hiking trails, a private yard, large fruit trees, and a stocked pond. Just when you think you have seen all this property has to offer, you will turn a corner and discover even more. There are 2 homes sitting on the property, creating a versatility not often seen in real estate. The primary residence includes a 2,624 square foot main level with a 2,624 square foot basement with the possibility of being finished, including a total of 3 bedrooms and 3 and a half baths. Recently renovated, there are new kitchen appliances, a new roof, and a huge deck for cookouts and entertaining with unparalleled views of the Blue Ridge Mountain countryside

Last Agent to Sell the Property

Christopher Fox

BHHS- Mountain Sky Properties, Wytheville License #0225224934 Listed on: 07/19/2019

BHHS- Mountain Sky Properties, Wytheville

Last Buyer's Agent

Geneva McClanahan

Richlands Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,925

Year Built

  • Built in 1983

Lot Details

  • 20 Acre Lot
  • Home fronts a pond
  • Mature Trees
  • Garden

Home Design

  • Brick Exterior Construction
  • Fire Rated Drywall
  • Shingle Roof
  • Plaster

Interior Spaces

  • 6,905 Sq Ft Home
  • Paneling
  • Ceiling Fan
  • 2 Fireplaces
  • Fireplace Features Masonry
  • Insulated Windows
  • Pond Views

Kitchen

  • Double Oven
  • Stove
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry located on main level
  • Washer and Dryer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • Garage
  • Garage Door Opener
  • Open Parking

Schools

  • Tazewell Elementary And Middle School
  • Tazewell High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Separate Meters
  • Natural Gas Not Available
  • Well
  • Electric Water Heater
  • Septic Tank

Additional Features

  • Rain Gutters
  • Guest House

Community Details

  • 5 Units

Listing and Financial Details

  • Total Actual Rent $1,000
  • Tax Lot 3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,925

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 20
  • Lot Size: see acreage
  • Road Surface Type: Paved
  • Directions: Heading on 460 West from Bluefield to Tazewell, travel 30 miles then turn right onto Cochran hollow road, left on to baptist valley, left onto shannons branch, property half mile on right, see sign.
  • Above Grade Finished Sq Ft: 6452
  • Structure Type: Two Buildings, Up & Down, Side by Side
  • Year Built: 1983
  • Special Features: None

Interior Features

  • Appliances: Oven, Dishwasher, Cooktop, Disposal, Double Oven, Microwave, Refrigerator, Electric Water Heater, 1 Bdrm-Washer/Dryer, 2 Bdrm-Washer/Dryer, 3 Bdrm-Washer/Dryer, 1 Bdrm-Dishwasher, 2 Bdrm-Dishwasher, 3 Bdrm-Dishwasher, 1 Bdrm-Stove, 2 Bdrm-Stove, 3 Bdrm-Stove, 1 Bdrm-Refrigerator, 2 Bdrm-Refrigerator, 3 Bdrm-Refrigerator
  • Has Basement: Full, Partially Finished
  • Total Bedrooms: 8
  • Below Grade Sq Ft: 2411
  • Fireplace Features: Masonry, Two
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Carpet, Tile
  • Interior Amenities: Paneling, Other, Ceiling Fan(s)
  • Living Area: 6905
  • Window Features: Insulated Windows

Exterior Features

  • View: Pond
  • View: Yes
  • Waterfront Features: Pond
  • Waterfront: Yes
  • Disclosures: Property Disclosure
  • Construction Type: Brick, Dry Wall, Plaster
  • Exterior Features: Rain Gutters, Garden, Mature Trees
  • Other Structures: Guest House
  • Roof: Shingle

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Aggregate, Garage Door Opener

Utilities

  • Laundry Features: In Basement, Lower Level, Main Level
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Separate Meters
  • Sewer: Public Sewer, Septic Tank
  • Utilities: Natural Gas Not Available
  • Water Source: Well

Schools

  • Elementary School: Tazewell
  • High School: Tazewell
  • Middle Or Junior School: Tazewell

Lot Info

  • Lot Size Sq Ft: 871200
  • Zoning: N/A
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 5
  • Total Actual Rent: 1000
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1925
  • Tax Lot: 3
  • Tax Map Number: 110-01-0003
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2021
Sold by
Tamara H Hughes Trust and Cavani Cristina
Bought by
7 Springs Llc
Current Estimated Value
$390,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Outstanding Balance
$66,186
Interest Rate
3.11%
Mortgage Type
Credit Line Revolving
Estimated Equity
$323,975

Purchase Details

Listed on
Jul 19, 2019
Closed on
Sep 29, 2020
Sold by
Noll George M
Bought by
7 Springs Llc
Seller's Agent
Christopher Fox
BHHS- Mountain Sky Properties, Wytheville
Buyer's Agent
Geneva McClanahan
Richlands Realty
List Price
$349,900
Sold Price
$335,000
Premium/Discount to List
-$14,900
-4.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.98%
Original Mortgage
$295,000
Interest Rate
3.1%
Mortgage Type
Stand Alone Second

Purchase Details

Listed on
Jul 19, 2019
Closed on
Aug 3, 2020
Sold by
Merton Craig S and Merton Margaret V
Bought by
Noll George M
Seller's Agent
Christopher Fox
BHHS- Mountain Sky Properties, Wytheville
Buyer's Agent
Geneva McClanahan
Richlands Realty
List Price
$349,900
Sold Price
$335,000
Premium/Discount to List
-$14,900
-4.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
3.1%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 6, 2006
Sold by
Merton Craig S
Bought by
Merton Craig S and Merton Margaret
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
7 Springs Llc $42,000 None Listed On Document
7 Springs Llc -- None Available
Noll George M $335,000 None Available
Merton Craig S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 7 Springs Llc $250,000
Previous Owner Noll George M $295,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2020 08/04/20 Sold $335,000 -4.3% $49 / Sq Ft
05/25/2020 05/25/20 Pending -- -- --
07/19/2019 07/19/19 For Sale $349,900 -- $51 / Sq Ft
Source: Southwest Virginia 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 $1,762 $303,800 $67,100 $236,700
2023 $1,289 $222,200 $28,800 $193,400
2022 $1,289 $222,200 $28,800 $193,400
2021 $1,289 $222,200 $28,800 $193,400
2020 $2,214 $381,700 $43,600 $338,100
2019 $2,214 $381,700 $43,600 $338,100
2018 $1,921 $381,700 $43,600 $338,100
2017 $1,921 $349,200 $43,600 $305,600
2016 -- $349,200 $43,600 $305,600
2015 -- $349,200 $43,600 $305,600
2014 -- $349,200 $43,600 $305,600
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Christopher Fox

    BHHS- Mountain Sky Properties, Wytheville

    (276) 617-0189

    204 Total Sales

    Christopher Fox
    Section Image

  • G

    Buyer's Agent in 2020

    Geneva McClanahan

    Richlands Realty

See All Agents

Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 70520

APN: 110-01-0003

Virginia Tazewell County Cedar Bluff 24609

720 Shannons Branch Rd, Cedar Bluff, VA

This home is located at 720 Shannons Branch Rd, Cedar Bluff, VA 24609 since 19 July 2019 and is currently estimated at $390,161, approximately $56 per square foot. This property was built in 1983. 720 Shannons Branch Rd is a home located in Tazewell County.

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