NOT LISTED FOR SALE

729 Ridgeville Ln Harrisonburg, VA 22801

Estimated Value: $222,000 - $832,000

-- Bed
2 Baths
4,480 Sq Ft
$91/Sq Ft Est. Value

Last Sold December 18, 2023

Last sale price $765,000 $171 Per Sq Ft

Est. 47% decrease in value since last sale

Current estimated payment $2,412/month

33 Days on Market

Highlights

  • Double Pane Windows
  • Central Air
  • Heat Pump System
  • Wood Patio

About This Home

As of December 2023

Great investment opportunity in the City of Harrisonburg, located off Reservoir Street. Close proximity to JMU, the Valley Mall, Restaurants, and shopping. This property offers 4 individual units which were built in 1998. Each unit has two bedrooms, and 1.5 baths and have been well-kept and updated over the years. The floor plans for each unit are identical offering a living room, dining room, kitchen, and a half bath on the main level with two bedrooms and a full bath up. Units 729A, 729B, and 727B each have a full unfinished basement area with unit 727A situated on a crawlspace. With rising growth in the City of Harrisonburg don't miss this investment opportunity to own 4 fully leased income-producing townhome units at an affordable price.

Last Agent to Sell the Property

Colton Mitchell

Old Dominion Realty Inc License #0225212392 Listed on: 10/26/2023

Old Dominion Realty Inc

Last Buyer's Agent

Nico Iglesias

Rocktown Realty License #0225224136

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,537

Year Built

  • Built in 1996

Lot Details

  • 0.44

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 4,480 Sq Ft Home
  • Double Pane Windows
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Outdoor Features

  • Wood Patio

Schools

  • Stone Spring Elementary School
  • Skyline Middle School
  • Harrisonburg High School

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • 4 Units
  • Ridgeville Heights Subdivision

Listing and Financial Details

  • Tenant pays for electricity, sewer, trash collection, water
  • Assessor Parcel Number 84-4 26A, 26C & 26

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,537

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential
  • Parcel Number: 84-4 26A, 26C & 26
  • Property Sub Type: Townhouse
  • LotSizeAcres: 0.44
  • Road Frontage Type: Public Road
  • Co List Office Mls Id: 6175
  • Subdivision Name: RIDGEVILLE HEIGHTS
  • PropertySubTypeAdditional: Townhouse,Multi Family
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Basement: Interior Entry, Unfinished, Walk-Out Access
  • Living Area: 4480.0
  • Window Features: Double Pane Windows

Exterior Features

  • Roof: Composition, Shingle
  • Construction Type: Brick
  • Foundation Details: Block
  • Patio And Porch Features: Deck, Wood

Utilities

  • Heating: Heat Pump
  • Utilities: Cable Available, Fiber Optic Available, Satellite Internet Available
  • Sewer: Public Sewer
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Central Air, Heat Pump
  • Heating Yn: Yes
  • Water Source: Public

Schools

  • Elementary School: Stone Spring
  • Middle Or Junior School: Skyline

Lot Info

  • Land Lease Expiration Date: 2024-04-01
  • Zoning Description: R-3 Multifamily Residential

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
  • LeaseAmount: 4850.0

Building Info

  • Year Built: 1996

Tax Info

  • Year: 2024
  • Tax Annual Amount: 5537.0

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • HighSchool: Harrisonburg

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2023 12/18/23 Sold $765,000 -1.9% $171 / Sq Ft
11/28/2023 11/28/23 Pending -- -- --
10/26/2023 10/26/23 For Sale $780,000 -- $174 / Sq Ft
Source: Harrisonburg-Rockingham 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 $2,213 $219,100 $41,800 $177,300
2023 $1,645 $171,400 $41,800 $129,600
2022 $1,425 $153,200 $38,000 $115,200
2021 $1,349 $149,900 $38,000 $111,900
2020 $1,291 $148,000 $38,000 $110,000
2019 $1,291 $148,000 $38,000 $110,000
2018 $1,038 $145,400 $38,000 $107,400
2017 $1,038 $144,100 $38,000 $106,100
2016 $1,038 $144,100 $38,000 $106,100
2015 $1,038 $144,100 $38,000 $106,100
2014 -- $144,100 $38,000 $106,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Harrisonburg-Rockingham Association of REALTORS®

MLS Number: 646996

Harrisonburg-Rockingham Association of REALTORS®

APN: 084-B-26-A