NOT LISTED FOR SALE

8585 Chatham Rd Martinsville, VA 24112

Estimated Value: $187,000 - $300,000

3 Beds
2.5 Baths
1,943 Sq Ft
$119/Sq Ft Est. Value

Last Sold March 10, 2023

Last sale price $165,000 $85 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $1,274/month

43 Days on Market

Highlights

  • Deck
  • Main Floor Bedroom
  • 2 Car Attached Garage
  • Wood Flooring
  • Porch
  • Double Pane Windows

About This Home

As of March 2023

If you are looking for a custom built home with a park like setting in the spring and summer, this is your next home! Large spaces for living, entertaining or relaxing! Welcome to this 3 bedrooms and 2 and a half bath ranch home with an oversized garage, large barn and separate 2 car garage with lean-to for you to spread out to enjoy living and tinkering! Leatherwood creek is lower back property line. Cozy den with fireplace with large bay window for plants or pets to enjoy hanging out in! Newer double pane windows, hot water heater (2020) and well pump/pressure tank (2022). Large rear deck is in need of some repair, so no government loans. Information per county and seller.

Last Agent to Sell the Property

Missy Bateman

Cockram Realty, LLC Brokerage Phone: 2766291363 License #0225092902 Listed on: 01/21/2023

Last Buyer's Agent

Sarah Baker

Cockram Realty, LLC License #0225218090

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $684

Year Built

  • Built in 1966

Lot Details

  • 2.53 Acre Lot

Parking

  • 2 Car Attached Garage
  • Driveway
  • Open Parking

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,943 Sq Ft Home
  • Gas Log Fireplace
  • Double Pane Windows
  • Crawl Space

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Outbuilding
  • Porch

Utilities

  • Cooling Available
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • Mountain Valley Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$684

Year Built

Built in 1966

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Subdivision Name: Mountain Valley
  • Carport Y N: No
  • Garage Yn: Yes
  • Year Built: 1966
  • Attribution Contact: 2766291363
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, As Is, Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Other Equipment: No Farm Equipment
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: 1, Gas Log, Electric
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Laminate, Vinyl, Wood
  • Interior Amenities: 1st Floor Bedroom
  • Living Area: 1943
  • Window Features: Double Pane Windows

Exterior Features

  • Waterfront Features: No Surface Water
  • Home Warranty: No
  • Construction Type: Brick, Vinyl Siding
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck, Porch
  • Roof: Composition

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: 2 Car Garage, Attached, Other, Paved Drive
  • Total Parking Spaces: 2

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Utilities On
  • Water Source: Well

Lot Info

  • Lot Size Sq Ft: 110206.8
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2023
Closed on
Mar 2, 2023
Sold by
Morrison Donald R and Morrison Mary S
Bought by
Cannaday Steven B and Cannaday Stephanie A
Seller's Agent
Missy Bateman
Cockram Realty, LLC
Buyer's Agent
Sarah Baker
Cockram Realty, LLC
List Price
$179,000
Sold Price
$165,000
Premium/Discount to List
-$14,000
-7.82%
Views
32
Current Estimated Value
$230,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,356
Avg. Annual Appreciation
13.05%
Original Mortgage
$130,000
Outstanding Balance
$125,772
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$104,584

Purchase Details

Closed on
Jan 11, 2021
Sold by
Cooper James Kenneth and Johnston Susan Cooper
Bought by
Morrison Donald R and Morrison Mary S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Cannaday Steven B $165,000 Commonwealth Land Title
Morrison Donald R $134,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cannaday Steven B $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2023 03/11/23 Off Market $179,000 -- --
03/10/2023 03/10/23 Sold $165,000 -7.8% $85 / Sq Ft
03/06/2023 03/06/23 Pending -- -- --
01/21/2023 01/21/23 For Sale $179,000 -- $92 / Sq Ft
Source: Martinsville, Henry & Patrick Counties 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 $684 $123,300 $12,100 $111,200
2024 $684 $123,300 $12,100 $111,200
2023 $684 $123,300 $12,100 $111,200
2022 $684 $123,300 $12,100 $111,200
2021 $684 $123,300 $12,100 $111,200
2020 $696 $125,400 $12,100 $113,300
2019 $696 $125,400 $12,100 $113,300
2018 $69,597 $125,400 $12,100 $113,300
2017 $69,597 $125,400 $12,100 $113,300
2016 $62,562 $128,200 $12,100 $116,100
2015 $62,562 $128,200 $12,100 $116,100
2014 $62,562 $128,200 $12,100 $116,100
Source: Public Records

Agents Affiliated with this Home

  • Missy Bateman

    Seller's Agent in 2023

    Missy Bateman

    Cockram Realty, LLC

    (276) 634-8533

    167 Total Sales

    Missy Bateman
    Section Image

  • S

    Buyer's Agent in 2023

    Sarah Baker

    Cockram Realty, LLC

    (276) 340-7811

    149 Total Sales

    Sarah Baker
    Section Image
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Map

Source: Martinsville, Henry & Patrick Counties Association of REALTORS®

MLS Number: 138886

APN: 041270000

Virginia Henry County Martinsville 24112

8585 Chatham Rd, Martinsville, VA

Not Listed for Sale

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