$100,000
SOLD MAR 26, 2025

850 Oak Park Rd Madison, VA 22727

2 Beds
1 Bath
897 Sq Ft
1.08 Acres

Recently Sold

$111 Per Sq Ft

15% Below List Price

20 Days on Market

Highlights

  • No HOA
  • Bungalow
  • Forced Air Heating System
  • Cooling Available
  • 2 Detached Carport Spaces

About This Home

As of March 2025

Calling all savvy investors to Madison County! This property is in need of major rehab, which means it is also an opportunity for a great potential investment property! The home is tucked away from the road and neighbors for added privacy and comes with a very large workshop/carport just steps away from the house. On just over an acre of land, the large front and back yard presents many options for outdoor activities. Reach out to your favorite Realtor to take a look today! This property was the victim of a house fire at some time in recent years. Sold as-is.

Last Agent to Sell the Property

Gordon Cowan

(540) 433-6666 jgordoncowan@gmail.com Weichert Realtors - Nancy Beahm Real Estate Brokerage Phone: 5404336666 License #0225242767 Listed on: 02/27/2025

Weichert Realtors - Nancy Beahm Real Estate

Last Buyer's Agent

Christopher Pierce

(540) 450-2747 contactus@mympr.com MarketPlace REALTY License #0225261833

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $685

Year Built

  • Built in 1945

Lot Details

  • 1.08 Acre Lot
  • Property is zoned R1

Home Design

  • Bungalow
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 897 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • 2 Detached Carport Spaces
  • Driveway

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Oil
  • Heat Pump System
  • Well
  • Electric Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 33A
  • Assessor Parcel Number 49 33A

Home Details

Home Type

Single Family

Est. Annual Taxes

$685

Year Built

Built in 1945

Lot Details

1.08 Acres

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1945
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 897
  • Living Area Sq Ft: 897
  • Price Per Sq Ft: 130.99
  • Above Grade Finished Sq Ft: 897
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Number Of Detached Carport Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Carport, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 1.08
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 47175.00
  • Zoning: R1
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 685.00
  • Assessor Parcel Number: 49 33A
  • Tax Lot: 33A
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: MADISON COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2025
Closed on
Mar 25, 2025
Sold by
Good Buy Real Estate Llc
Bought by
Pierce Land Holdings Llc and Haughts Home Services Llc
Seller's Agent
Gordon Cowan
Weichert Realtors - Nancy Beahm Real Estate
Buyer's Agent
Christopher Pierce
MarketPlace REALTY
List Price
$117,500
Sold Price
$100,000
Premium/Discount to List
-$17,500
-14.89%
Views
173
Current Estimated Value
$105,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,484
Avg. Annual Appreciation
6.18%
Original Mortgage
$140,100
Outstanding Balance
$139,271
Interest Rate
6.93%
Mortgage Type
Construction
Estimated Equity
-$33,787

Purchase Details

Listed on
Feb 27, 2025
Closed on
Feb 12, 2025
Sold by
Midfirst Bank
Bought by
Good Buy Real Estate Llc
Seller's Agent
Gordon Cowan
Weichert Realtors - Nancy Beahm Real Estate
Buyer's Agent
Christopher Pierce
MarketPlace REALTY
List Price
$117,500
Sold Price
$100,000
Premium/Discount to List
-$17,500
-14.89%
Views
173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,100
Outstanding Balance
$139,271
Interest Rate
6.93%
Mortgage Type
Construction
Estimated Equity
-$33,787

Purchase Details

Closed on
Jul 3, 2024
Sold by
Atlantic Trustee Services Llc
Bought by
Midfirst Bank
Source: Public Records
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Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $100,000 Rgs Title
Quit Claim Deed $74,500 Chicago Title
Trustee Deed $101,860 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $140,100 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/26/2025 03/26/25 Sold $100,000 -14.9% $111 / Sq Ft
03/19/2025 03/19/25 Pending -- -- --
02/27/2025 02/27/25 For Sale $117,500 +57.7% $131 / Sq Ft
02/24/2025 02/24/25 Sold $74,500 +0.1% $83 / Sq Ft View Prior Sale
01/09/2025 01/09/25 Pending -- -- --
12/30/2024 12/30/24 For Sale $74,400 -- $83 / Sq Ft
Source: Bright MLS

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 $403 $79,000 $47,000 $32,000
2024 $685 $92,600 $37,500 $55,100
2023 $685 $92,600 $37,500 $55,100
2022 $685 $92,600 $37,500 $55,100
2021 $685 $92,600 $37,500 $55,100
2020 $657 $92,600 $37,500 $55,100
2019 $680 $92,600 $37,500 $55,100
2018 $680 $100,000 $53,000 $47,000
2017 $680 $100,000 $53,000 $47,000
2016 -- $100,000 $53,000 $47,000
2015 -- $100,000 $53,000 $47,000
2014 -- $100,000 $53,000 $47,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: VAMA2002084

Bright MLS

APN: 49-33A

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