NOT LISTED FOR SALE

803 Patterson Ave SW Roanoke, VA 24016

West End Neighborhood
-- Bed
-- Bath
3,804 Sq Ft
5,227 Sq Ft Lot

Last Sold March 01, 2019

Last sale price $135,000 $35 Per Sq Ft

112 Days on Market

About This Home

As of March 2019

Excellent redevelopment opportunity! This historic, mixed-use building on a prominent corner in Roanoke's up and coming West End has two apartments, two commercial suites and a large back yard. Close to downtown, breweries and hundreds of new loft apartments, this property has downtown zoning, allowing for many different commercial uses. The tin ceiling in the first-floor commercial space is a must see! Adjacent parcels at 315 8th St SW - ML# 852328 and 807 Patterson Avenue SW - ML# 852325 are also for sale.

Last Agent to Sell the Property

James Settle

WAINWRIGHT & CO., REALTORS(r) License #0225237067 Listed on: 09/11/2018

Last Buyer's Agent

James Settle

WAINWRIGHT & CO., REALTORS(r) License #0225237067 Listed on: 09/11/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $692

Year Built

  • Built in 1910

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50 x 100

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,804 Sq Ft Home
  • Partial Basement

Schools

  • Wasena Elementary School
  • James Madison Middle School
  • Patrick County High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Month-to-Month Lease Term
  • Legal Lot and Block 43 / S100FT

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 2 Leased Units
  • Insurance Expense $400
  • Other Expense $1,188
  • Water Sewer Expense $1,200
  • New Taxes Expense $692
  • Operating Expense $2,089
  • Gross Income $11,400
  • Net Operating Income $9,311

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$692

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Heating System: Baseboard Electric
  • Type: Multi-Family
  • Has Basement: Partial Basement
  • Cooling System: No Cooling System
  • ExpensesOtherExp: 1188.00
  • ExpensesTaxExp: 691.74
  • Major Area: 01 - City of Roanoke
  • MiscellaneousInfoPublicTransport: Yes
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 4.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2019-01-01
  • SubdivisionMap: Taylor Land
  • TotalAnnualExpen: 2089.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: None

Utilities

  • Sewer Description: Public Sewer
  • Expenses Water Exp: 1200.00
  • Water Description: Public Water
  • Water Heater Type: Tank

Schools

  • Elementary School: Wasena
  • Middle School: James Madison
  • High School: Patrick County

Lot Info

  • Lot Dimensions: 50 x 100
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.12
  • Lot: 43
  • Present Use: Built-As
  • ZoningCode: D

Building Info

  • Year Built: 1910

Tax Info

  • Taxes (6 mo): 691.74
  • FILLTAXID: 1112219

Multi Family

  • Lease Type: Month-to-Month, One Year
  • Tenant Pays: Electricity
  • Units In Building: 4.00
  • Multi Family Type: Other - See Remarks

MLS Schools

  • Elementary School: Wasena
  • HighSchool: Patrick County
  • Middle School: James Madison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2018
Closed on
Jan 26, 2019
Sold by
Adg Enterprises Llc
Bought by
Lt Properties Llc
Seller's Agent
James Settle
WAINWRIGHT & CO., REALTORS(r)
Buyer's Agent
James Settle
WAINWRIGHT & CO., REALTORS(r)
List Price
$139,950
Sold Price
$135,000
Premium/Discount to List
-$4,950
-3.54%
Total Days on Market
112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
4.4%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 5, 2017
Sold by
Deane Kevin M and Deane Devin W
Bought by
Adg Enterprises Llc

Purchase Details

Closed on
Sep 23, 2010
Sold by
Deane Gary L and Deane Michale D
Bought by
Deane Gary L and Deane Michael D
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
Lt Properties Llc $135,000 Acquisition Title
Adg Enterprises Llc -- None Available
Deane Gary L -- Fidelity National Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lt Properties Llc $320,000
Closed Lt Properties Llc $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2019 03/01/19 Sold $135,000 -3.5% $35 / Sq Ft
01/01/2019 01/01/19 Pending -- -- --
09/11/2018 09/11/18 For Sale $139,950 -- $37 / Sq Ft
Source: Roanoke 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
2024 $1,814 $375,200 $11,100 $364,100
2023 $1,814 $341,100 $10,100 $331,000
2022 $947 $305,600 $10,100 $295,500
2021 $3,728 $305,600 $10,100 $295,500
2020 $919 $305,600 $10,100 $295,500
2019 $915 $58,800 $9,800 $49,000
2018 $890 $56,700 $9,600 $47,100
2017 $703 $53,200 $9,600 $43,600
2016 $670 $50,500 $6,900 $43,600
2015 $563 $50,500 $6,900 $43,600
2014 $563 $0 $6,900 $40,400
Source: Public Records

Agents Affiliated with this Home

  • James Settle

    Seller's Agent in 2019

    James Settle

    WAINWRIGHT & CO., REALTORS(r)

    (540) 819-7446

    2 in this area

    49 Total Sales

    James Settle
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 852338

Roanoke Valley Association of REALTORS®

APN: 1112219

Virginia Roanoke City County Roanoke 24016 West End

803 Patterson Ave SW, Roanoke, VA

This home is located at 803 Patterson Ave SW, Roanoke, VA 24016 since 11 September 2018. This property was built in 1910. 803 Patterson Ave SW is a home located in Roanoke City with nearby schools including Wasena Elementary School, James Madison Middle School, and Patrick Henry 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.

Roanoke 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