NOT LISTED FOR SALE

801 S Main St Blacksburg, VA 24060

Mountain View Neighborhood

Estimated Value: $2,634,150

-- Bed
-- Bath
7,200 Sq Ft
$366/Sq Ft Est. Value

Last Sold August 10, 2021

Last sale price $2,000,000 $278 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $14,353/month

96 Days on Market

Highlights

  • Wood Flooring
  • Air Conditioning
  • Storage
  • Margaret Beeks Elementary School Rated A-

About This Home

As of August 2021

801 South Main is a highly sought-after property comprised of eight individual townhouses all being sold together. Each unit has two large bedrooms, one and a half bathrooms and a private unfinished basement space for storage. The property was completely renovated in 2005 and the units all boast open floor plan main levels with hardwood floors throughout and granite countertops in the kitchens. The property is located in desirable downtown Blacksburg, providing a rare investment opportunity in close proximity to Virginia Tech University. Fully occupied with a solid rental history providing the opportunity for instant cash flow for the new owner.

Last Agent to Sell the Property

Austin Cummings

GRAVITY Real Estate Group, Inc. License #0225249893 Listed on: 03/19/2021

Co-Listed By

Courtney Fenstermaker

GRAVITY Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.6

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 7,200 Sq Ft Home
  • Storage
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Concrete
  • Tile

Parking

  • 2 Car Parking Spaces
  • Off-Street Parking

Utilities

  • Air Conditioning
  • Heat Pump System
  • Electric Water Heater

Community Details

  • Property has a Home Owners Association
  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 140409

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Cable Internet Company: Comcast Xfinity
  • Class: Multifamily
  • County Or City: Montgomery
  • Deed Bk Pg Instrumnt: 2019/006191
  • Is The Power On: Yes
  • Is The Water On: Yes
  • Legal Description: 801 SOUTH MAIN STREET CONDOS
  • Lvt Date: 03/19/2021
  • Miscellaneous: 2 Bedroom Units, Additional Storage, Air Conditioned, Appliances Included
  • Parcel Nbr: 140409
  • Property Sub Type: Townhouse
  • Style Structure Home: Townhouse
  • Estimated Finished Sq Ft: 7200
  • Owner Annual Inc Exp Law: 3272.04
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Flooring: Hardwood, Tile
  • Basement: Concrete Floor, Full, Partitioned, Tenant Use

Exterior Features

  • Exterior Finish: Brick
  • Roofing: Flat

Garage/Parking

  • Parking: Off Street Parking, Two Car/Unit

Utilities

  • Air Conditioner: Heat Pump
  • Heating: Heat Pump
  • Sewer: Public System
  • Water: Public Water

Condo/Co-op/Association

  • HOA: Home Owners Assoc

Schools

  • School District: Montgomery County
  • Elementary School: Beeks
  • Middle School: Blacksburg
  • High School: Blacksburg

Rental Info

  • Owner Expense: Lawn Care, Real Estate Taxes, Repairs&maintenance

Multi Family

  • Units: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2021
Closed on
Aug 5, 2021
Sold by
Stmob Llc
Bought by
Peter Bennett Llc
Seller's Agent
Austin Cummings
GRAVITY Real Estate Group, Inc.
List Price
$2,200,000
Sold Price
$2,000,000
Premium/Discount to List
-$200,000
-9.09%
Current Estimated Value
$2,634,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$634,150
Avg. Annual Appreciation
6.23%

Purchase Details

Closed on
Aug 14, 2019
Sold by
Springview Partners Llc
Bought by
Stmob Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,247,200
Interest Rate
3.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 4, 2007
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
Peter Bennett Llc $2,000,000 Fidelity National Title
Stmob Llc $1,600,000 Fidelity National Title
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stmob Llc $1,247,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2021 08/10/21 Sold $2,000,000 0.0% $278 / Sq Ft
06/23/2021 06/23/21 Pending -- -- --
06/22/2021 06/22/21 Off Market $2,000,000 -- --
03/19/2021 03/19/21 For Sale $2,200,000 -- $306 / Sq Ft
Source: New River 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 -- $0 $0 $0
2024 -- $0 $0 $0
2023 $0 $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 -- $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Austin Cummings

    Seller's Agent in 2021

    Austin Cummings

    GRAVITY Real Estate Group, Inc.

    (540) 525-3116

    6 in this area

    106 Total Sales

    Section Image
  • Courtney Fenstermaker

    Seller Co-Listing Agent in 2021

    Courtney Fenstermaker

    GRAVITY Real Estate Group, Inc.

    (540) 739-5315

    1 in this area

    57 Total Sales

    Section Image
See All Agents

Map

Source: New River Valley Association of REALTORS®

MLS Number: 411240

New River Valley Association of REALTORS®

APN: 140409

Virginia Montgomery County Blacksburg 24060 Mountain View

801 S Main St, Blacksburg, VA

This home is located at 801 S Main St, Blacksburg, VA 24060 since 19 March 2021 and is currently estimated at $2,634,150, approximately $365 per square foot. 801 S Main St is a home located in Montgomery County with nearby schools including Margaret Beeks Elementary School, Blacksburg Middle School, and Blacksburg 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.

New River 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