NOT LISTED FOR SALE

721 Thornhill Rd Unit & 723 Lexington, VA 24450

Estimated Value: $277,000 - $402,000

4 Beds
2 Baths
1,650 Sq Ft
$197/Sq Ft Est. Value

Last Sold September 11, 2020

Last sale price $162,500 $98 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $1,880/month

3 Days on Market

Highlights

  • No HOA
  • Harrington Waddell Elementary School Rated A
  • Baseboard Heating

About This Home

As of September 2020

Investment Opportunity! Fully rented duplex in excellent condition located a short distance from downtown Lexington features units with 2 bedrooms and 1 full bath each. Hardwood floors, large unfinished basement for storage, nearly level backyard with creek frontage on scenic Sarahs Run, and off street parking. Unit 721 currently leased for $450/month; Unit 723 currently leased for $625/month. Tenants pay utilities.

Last Agent to Sell the Property

Will Moore

MOORE, JAMES WM REAL ESTATE CO Brokerage Email: will.moore@jwmre.com License #0225199100 Listed on: 07/17/2020

Last Buyer's Agent

Non Member Transaction Agent

Non-Member Transaction Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,767

Year Built

  • Built in 1964

Lot Details

  • 7,841 Sq Ft Lot

Home Design

  • 1,650 Sq Ft Home
  • Duplex
  • Brick Exterior Construction

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for all utilities

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • Gross Income $1,075

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,767

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Heating System: Baseboard Electric
  • Type: Multi-Family
  • Has Basement: Walkout - Full
  • Cooling System: Window A/C
  • Major Area: 25 - Rockbridge County
  • NumberLeasedUnits: 1.00
  • Hoa2 Or Poa: No
  • Water Class: N/A
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

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

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.18

Building Info

  • Year Built: 1964

Tax Info

  • Taxes (6 mo): 1767.00

Multi Family

  • Tenant Pays: All Utilities
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: Other - See Remarks
  • HighSchool: Other - See Remarks
  • Middle School: Other - See Remarks

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2020 09/11/20 Sold $162,500 -7.1% $98 / Sq Ft
07/20/2020 07/20/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $175,000 -- $106 / 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 $2,059 $223,800 $50,000 $173,800
2024 $2,059 $223,794 $50,000 $173,794
2023 $2,059 $223,794 $50,000 $173,794
2022 $2,059 $223,794 $50,000 $173,794
2021 $1,767 $166,730 $47,500 $119,230
2020 $1,767 $166,730 $47,500 $119,230
2019 $1,725 $166,730 $47,500 $119,230
2018 $1,725 $166,700 $47,500 $119,200
2017 $1,920 $173,000 $47,500 $125,500
2016 $1,886 $173,000 $47,500 $125,500
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Will Moore

    Seller's Agent in 2020

    Will Moore

    MOORE, JAMES WM REAL ESTATE CO

    (540) 460-4602

    124 in this area

    340 Total Sales

    Will Moore
    Section Image

  • N

    Buyer's Agent in 2020

    Non Member Transaction Agent

    Non-Member Transaction Office

See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 871471

Roanoke Valley Association of REALTORS®

APN: 34-4-2

Virginia Lexington City County Lexington 24450

721 Thornhill Rd Unit & 723, Lexington, VA

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.

Nearby Homes