NOT LISTED FOR SALE

740 Kents Ridge Rd Richlands, VA 24641

Estimated Value: $93,000 - $110,000

2 Beds
1 Bath
1,055 Sq Ft
$96/Sq Ft Est. Value

Last Sold July 15, 2015

Last sale price $16,000 $15 Per Sq Ft

Est. 533% increase in value since last sale

Current estimated payment $576/month

46 Days on Market

Highlights

  • Cape Cod Architecture
  • Porch
  • Dining Room
  • Main Floor Primary Bedroom
  • Living Room
  • Ceiling Fan

About This Home

As of July 2015

This property is subject to Freddiemac first look initiative through 5/17/2015. Needs some TLC. Has great potential.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $352

Year Built

  • Built in 1940

Lot Details

  • 0.46

Home Design

  • Cape Cod Architecture
  • Block Foundation
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,055 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Laundry on lower level
  • Washer and Dryer Hookup

Parking

  • Gravel Driveway
  • Open Parking

Schools

  • Richlands Elementary School
  • Richlands High School

Utilities

  • No Cooling
  • Heating Available
  • Propane
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Porch
  • Level Lot

Listing and Financial Details

  • Assessor Parcel Number Town of Richlands/10/5A

Home Details

Home Type

Single Family

Est. Annual Taxes

$352

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Lot Size: Appro x 0.5
  • Subdivision Name: None
  • Directions: 2nd street to left on kents ridge RD house is on left
  • Above Grade Finished Sq Ft: 1055
  • Architectural Style: Cape Cod
  • Garage Yn: No
  • Unit Levels: One and One Half, With Basement
  • New Construction: No
  • Year Built: 1940
  • ResoBuildingAreaSource: PublicRecords
  • Kitchen Level: Main
  • Special Features: RealEstateOwned

Interior Features

  • Appliances: Electric Water Heater, None
  • Has Basement: Full
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 1055
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • ResoLivingAreaSource: PublicRecords
  • Room Bedroom2 Level: Upper
  • Living Room Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Main
  • Room Kitchen Features: Country Kitchen
  • Room Bedroom2 Area: 80
  • Room Living Room Area: 168
  • Room Kitchen Area: 80
  • Dining Room Dining Room Level: Main
  • Master Bedroom Master Bedroom Width: 11
  • Room Master Bedroom Area: 110
  • Room Dining Room Area: 80

Exterior Features

  • Fencing: None
  • Topography: Level
  • Home Warranty: No
  • Construction Type: Vinyl Siding, Other
  • Foundation Details: Block
  • Patio And Porch Features: Porch
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Gravel

Utilities

  • Laundry Features: W/D Hookup, Lower Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Other
  • Heating Yn: Yes
  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Propane, Cable Available
  • Water Source: Public

Schools

  • Elementary School: Richlands
  • High School: Richlands

Lot Info

  • Farm Land Area Units: Square Feet
  • Parcel #: Town of Richlands/10/5A

Multi Family

  • Above Grade Finished Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2015
Closed on
Jul 9, 2015
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Young John R
List Price
$16,000
Sold Price
$16,000
Current Estimated Value
$101,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,331
Avg. Annual Appreciation
20.02%

Purchase Details

Closed on
Mar 18, 2015
Sold by
Edwards Pamela and Edwards Jerry
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Apr 2, 2007
Sold by
Horton David L and Horton Jennifer R
Bought by
Edwards Jerry and Edwards Pam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Young John R $16,000 First Title Services
Federal Home Loan Mortgage Corporation $10,486 None Available
Edwards Jerry -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Edwards Jerry $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2015 07/15/15 Sold $16,000 0.0% $15 / Sq Ft
06/15/2015 06/15/15 Pending -- -- --
04/29/2015 04/29/15 For Sale $16,000 -- $15 / Sq Ft
Source: Mercer-Tazewell County Board 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
2023 $352 $60,700 $15,000 $45,700
2022 $352 $60,700 $15,000 $45,700
2021 $352 $60,700 $15,000 $45,700
2020 $352 $60,700 $15,000 $45,700
2019 $352 $60,700 $15,000 $45,700
2018 $330 $60,700 $15,000 $45,700
2017 $330 $60,000 $15,000 $45,000
2016 -- $60,000 $15,000 $45,000
2015 -- $60,000 $15,000 $45,000
2014 -- $60,000 $15,000 $45,000
2013 -- $60,000 $15,000 $45,000
Source: Public Records

Map

Source: Mercer-Tazewell County Board of REALTORS®

MLS Number: 42067

APN: 105A807-0039-0040