NOT LISTED FOR SALE

7961 Martin Luther King Hwy Spring Grove, VA 23881

Estimated Value: $106,000 - $272,000

2 Beds
1 Bath
1,064 Sq Ft
$149/Sq Ft Est. Value

Last Sold December 15, 2017

Last sale price $89,900 $84 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $918/month

88 Days on Market

Highlights

  • Deck
  • Circular Driveway
  • Wainscoting
  • Surry County High School Rated A-
  • Front Porch
  • Central Air

About This Home

As of December 2017

Charming rancher in the Spring Grove area of Surry County. This 1,064 sqft rancher on 1.4 acres has been completely renovated on the inside with new paint, flooring, laundry room and bathroom. With well sized living and family rooms, this 2 bed/1 bath home is perfect for a starter home or excellent investment property. Plenty of outdoor spaced and an oversized rear deck highlight the exterior of the property. Conveniently located 11 miles to Waverly, 25 miles to Hopewell, 12 miles to the Jamestown Ferry and less than 20 miles to the Surry Nuclear Power Plant. This home also has a strong rental history the last ten years as an investment property!

Last Agent to Sell the Property

Patrick Barnes

Daniel And Daniel Realty, Inc. License #0225226255 Listed on: 08/16/2017

Last Buyer's Agent

Patrick Barnes

Daniel And Daniel Realty, Inc. License #0225226255 Listed on: 08/16/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $492

Year Built

  • Built in 1963

Lot Details

  • 1.4 Acre Lot

Parking

  • 2 Car Garage
  • No Garage
  • Circular Driveway

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,064 Sq Ft Home
  • 1-Story Property
  • Wainscoting
  • Electric Fireplace
  • Crawl Space

Flooring

  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Front Porch

Schools

  • Surry Elementary School
  • Luther P. Jackson Middle School
  • Surry High School

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Propane Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 24-6B

Home Details

Home Type

Single Family

Est. Annual Taxes

$492

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1963
  • Property Attached Yn: No
  • Lot Size Acres: 1.4
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Owner
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Laminate, Linoleum
  • Basement: Crawl Space
  • Appliances: Propane Water Heater
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Electric
  • Fireplace: Yes
  • Interior Amenities: Bedroom on Main Level, Paneling/Wainscoting
  • Living Area: 1064.0
  • Stories: 1
  • ResoLivingAreaSource: Owner

Exterior Features

  • Roof: Asphalt
  • Fencing: None
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Disclosure on File
  • Construction Type: Block, Drywall, Vinyl Siding
  • Exterior Features: Deck
  • Patio And Porch Features: Front Porch, Deck
  • Property Condition: Resale

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Circular Driveway, No Garage

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Heat Pump
  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Luther P. Jackson

Lot Info

  • Parcel Number: 24-6B
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 492.0

MLS Schools

  • Elementary School: Surry
  • High School: Surry

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2017
Closed on
Dec 13, 2017
Sold by
Nunes Anthony J and Nunes Carrie M
Bought by
Arms Timothy W and Arms Donna G
Seller's Agent
Patrick Barnes
Daniel And Daniel Realty, Inc.
Buyer's Agent
Patrick Barnes
Daniel And Daniel Realty, Inc.
List Price
$99,900
Sold Price
$89,900
Premium/Discount to List
-$10,000
-10.01%
Current Estimated Value
$158,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,696
Avg. Annual Appreciation
7.18%
Original Mortgage
$81,900
Outstanding Balance
$69,754
Interest Rate
3.94%
Mortgage Type
Construction
Estimated Equity
$83,807

Purchase Details

Closed on
Dec 4, 2007
Sold by
Nunes Anthony J
Bought by
Nunes Anthony J and Nunes Carrie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2006
Sold by
Kennington Robert
Bought by
Nunes Anthony J
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Arms Timothy W $89,900 Old Republic Nat L Title Ins
Nunes Anthony J -- Virginia Title & Escrow Llc
Nunes Anthony J $49,900 Vegiria Title & Escrow Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arms Timothy W $81,900
Previous Owner Nunes Anthony J $67,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2017 12/15/17 Sold $89,900 0.0% $84 / Sq Ft
11/12/2017 11/12/17 Pending -- -- --
10/29/2017 10/29/17 Price Changed $89,900 -5.3% $84 / Sq Ft
09/14/2017 09/14/17 Price Changed $94,900 -5.0% $89 / Sq Ft
08/16/2017 08/16/17 For Sale $99,900 -- $94 / Sq Ft
Source: Central Virginia Regional MLS

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 $654 $92,100 $24,000 $68,100
2023 $654 $92,100 $24,000 $68,100
2022 $634 $88,100 $20,000 $68,100
2021 $534 $69,300 $20,000 $49,300
2020 $492 $69,300 $20,000 $49,300
2019 $492 $69,300 $20,000 $49,300
2018 $492 $69,300 $20,000 $49,300
2017 $492 $69,300 $20,000 $49,300
2016 $492 $69,300 $20,000 $49,300
2015 -- $69,200 $20,000 $49,200
2014 -- $69,200 $20,000 $49,200
2013 -- $69,200 $20,000 $49,200
Source: Public Records

Agents Affiliated with this Home

  • Patrick Barnes

    Seller's Agent in 2017

    Patrick Barnes

    Daniel And Daniel Realty, Inc.

    (804) 691-5490

    113 Total Sales

    Patrick Barnes
    Section Image
See All Agents

Map

Source: Central Virginia Regional MLS

MLS Number: 1730102

Central Virginia Regional MLS

APN: 24-6B

Virginia Surry County Spring Grove 23881

7961 Martin Luther King Hwy, Spring Grove, VA

This home is located at 7961 Martin Luther King Hwy, Spring Grove, VA 23881 since 16 August 2017 and is currently estimated at $158,596, approximately $149 per square foot. This property was built in 1963. 7961 Martin Luther King Hwy is a home located in Surry County with nearby schools including Surry Elementary School, Luther P. Jackson Middle School, and Surry County High School.

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.

Central Virginia Regional MLS All or a portion of th multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

Nearby Homes