NOT LISTED FOR SALE

734 Forest Grove Rd Unit 703 Lexington, VA 24450

Estimated Value: $157,000 - $273,000

113 Acres
$1,941 Price per Acre
4,922,280 Sq Ft Lot

Last Sold November 04, 2021

Last sale price $368,500

Est. 40% decrease in value since last sale

Current estimated payment $1,192/month

64 Days on Market

Highlights

  • Horses Allowed On Property
  • Mountain View
  • No HOA
  • 113 Acre Lot
  • Wooded Lot
  • 8 Acres of Pasture

About This Lot

As of November 2021

FANTASTIC LARGE LAND TRACT less than 10 minutes from downtown Lexington! Hidden meadow, hardwood forest and new growth in former pasture, all abound with deer & turkey. Fronts on paved state road, multi-seasonal creek, elevated views from potential homesites. Make this your private recreation property, add a vacation cabin, or can be your future homesite. Long road frontage offers development and/or resale potential. No single wides or double wides permitted.

Last Agent to Sell the Property

Rick Alford

Lexington Real Estate Connection Listed on: 07/08/2021

Co-Listed By

Natalie Shulkin

Lexington Real Estate Connection

Last Buyer's Agent

Will Moore

James Wm. Moore Real Estate Co.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $574

Lot Details

  • 113 Acre Lot
  • Property fronts a state road
  • Creek or Stream
  • Open Lot
  • Wooded Lot
  • Property is zoned Agricultural

Property Views

  • Mountain
  • Valley

Schools

  • Central Elementary School
  • Lylburn Downing Middle School
  • Rockbridge Co High School

Farming

  • 8 Acres of Pasture
  • Chicken Farm

Utilities

  • Water Not Available
  • Sewer Not Available

Additional Features

  • Flood Zone Lot
  • Horses Allowed On Property

Community Details

  • No Home Owners Association
  • Forest Grove Land Community

Listing and Financial Details

  • Assessor Parcel Number 62-A-61 (east of 703)

Property Details

Property Type

Land

Est. Annual Taxes

$574

Lot Details

0

Listing Details

  • ConservationEsmnt: No
  • Directions: From Lexington, north on Main Street across Maury River, right onto Old Buena Vista Rd, left onto Forest Grove Rd (Rt 703), to land on right (across from 635 Forest Grove Rd.)
  • HistoricProperty: No
  • Listing Member Name: Rick Alford
  • Listing Office Short Id: 80
  • Open House Office I D: 20061211170241366991000000
  • Hoa2 Or Poa: No
  • Prop. Type: Lots And Land
  • Selling Member Short Id: JWMJ
  • Subdivision Yn: No
  • Lot Use: Hunting, Recreation, Residential
  • Taxes Dollars: 574.00
  • TotalAcresApx: 113.00
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Dining Area Remarks: Country setting
  • Entry Location: Other

Exterior Features

  • Easements: Power
  • Exterior Features: Chickens Permitted, Hardwoods, Horses Permitted, View - Mountain, View - Valley
  • Flood Zone: Mixed
  • Road Frontage: Paved Road, State Road
  • Street: Forest Grove
  • Surface Water: Creek/Stream
  • Tax Rate: 0.74
  • Flood Zone: NE
  • Fencing: None
  • Topography: Mixed, Open, Woods

Utilities

  • Sewer: None
  • Utilities Available: Electric
  • Water: None

Schools

  • Elementary School: Central
  • High School: Rockbridge Co
  • Middle School: Lylburn Downing

Lot Info

  • Future Land Use: Yes
  • Property Name: Forest Grove Land
  • Zoning: Agricultural
  • Beef Acreage Pasture: 8.00
  • Outbuildings Other: trnant house
  • Lot Type: Acreage, Other

Tax Info

  • Tax Map Number: 62-A-61 (east of 703)
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2021
Closed on
Oct 12, 2021
Sold by
Pelton Laurie A and The Walter L Smith Irrevocable
Bought by
Brydge Steve E and Brydge Rebecca A
Seller's Agent
Rick Alford
Lexington Real Estate Connection
Buyer's Agent
Will Moore
James Wm. Moore Real Estate Co.
List Price
$450,000
Sold Price
$368,500
Premium/Discount to List
-$81,500
-18.11%
Current Estimated Value
$219,387

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$149,113
Avg. Annual Appreciation
-12.02%
Original Mortgage
$275,000
Outstanding Balance
$250,774
Interest Rate
2.8%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$31,387

Purchase Details

Closed on
Apr 11, 2014
Sold by
Smith Walter L
Bought by
Pelton Laurie A and Walter L Smith Irrevocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Brydge Steve E $368,500 None Available
Showalter Jennifer A $515,000 None Available
Pelton Laurie A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Showalter Jennifer A $275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2021 11/04/21 Sold $368,500 -18.1% --
09/10/2021 09/10/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $450,000 -- --
Source: Rockbridge Highlands 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 $421 $155,900 $140,900 $15,000
2024 $421 $195,100 $180,100 $15,000
2023 $421 $195,100 $180,100 $15,000
2022 $933 $91,100 $86,100 $5,000
2021 $2,655 $998,100 $862,200 $135,900
2020 $2,655 $998,100 $862,200 $135,900
2019 $2,619 $5,000 $0 $5,000
2018 $2,512 $5,000 $0 $5,000
2017 $2,512 $5,000 $0 $5,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Rick Alford

    Lexington Real Estate Connection

  • N

    Seller Co-Listing Agent in 2021

    Natalie Shulkin

    Lexington Real Estate Connection

  • Will Moore

    Buyer's Agent in 2021

    Will Moore

    James Wm. Moore Real Estate Co.

    (540) 460-4602

    49 in this area

    338 Total Sales

    Will Moore
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Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 136214

APN: 62 A 61

Virginia Rockbridge County Lexington 24416

734 Forest Grove Rd Unit 703, Lexington, VA

Not Listed for Sale

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