$980,000
SOLD NOV 1, 2024

8687 James Madison Hwy Warrenton, VA 20187

-- Bed
-- Bath
896 Sq Ft
33.95 Acres

Recently Sold

$1,094 Per Sq Ft

1 Day on Market

Highlights

  • 33.95 Acre Lot
  • Zoned Heating
  • Multiple cooling system units

About This Home

As of November 2024

Great investment property with 8 rental units plus subdivision potential. Most rental units are in large bulding , plus 3 covered parking units. Shown by appointment only. Fauquier Health Dept has permit for 4 baths. Call listing agent for further information. Terrific location and investment potential.

Last Agent to Sell the Property

Anne Hall

Long & Foster Real Estate, Inc. License #0225001327 Listed on: 09/24/2024

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Anne Hall

Long & Foster Real Estate, Inc. License #0225001327 Listed on: 09/24/2024

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,904

Year Built

  • Built in 1986

Lot Details

  • 33.95 Acre Lot

Parking

  • Off-Street Parking

Home Design

  • 896 Sq Ft Home

Utilities

  • Multiple cooling system units
  • Zoned Heating
  • Wall Furnace
  • Well
  • Electric Water Heater
  • On Site Septic
  • Phone Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 6982-69-7505

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,904

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1986
  • Automatically Close On Close Date: Yes
  • Remarks Public: Great investment property with 8 rental units plus subdivision potential. Most rental units are in large bulding , plus 3 covered parking units. Shown by appointment only. Fauquier Health Dept has permit for 4 baths. Call listing agent for further information. Terrific location and investment potential.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Total Sq Ft: 896
  • Living Area Sq Ft: 896
  • Price Per Sq Ft: 1093.75
  • Above Grade Finished Sq Ft: 896
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8687

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Multi Units
  • Heating Fuel: Electric
  • Heating Type: Wall Unit, Zoned
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Utilities: Electric Available, Phone Available, Water Available
  • Water Source: Well
  • Municipal Trash: No

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: FAUQUIER COUNTY PUBLIC SCHOOLS
  • School District Key: 121140614887
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 33.95
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1478836.00
  • Year Assessed: 2022
  • Zoning: RA
  • In City Limits: No

Rental Info

  • Existing Lease Type: None
  • Rent Control: No
  • Units Leased Count: 8
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 8904.00
  • Assessor Parcel Number: 6982-69-7505
  • Tax Total Finished Sq Ft: 896
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 11/01/2024

Multi Family

  • Single Room Units Count: 2

MLS Schools

  • School District Name: FAUQUIER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2024
Closed on
Oct 29, 2024
Sold by
Young Lori and Young Laura B
Bought by
Main Street Heritage Llc
Seller's Agent
Anne Hall
Long & Foster Real Estate, Inc.
Buyer's Agent
Anne Hall
Long & Foster Real Estate, Inc.
List Price
$980,000
Sold Price
$980,000
Views
5
Current Estimated Value
$1,003,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,333
Avg. Annual Appreciation
2.61%
Original Mortgage
$500,000
Interest Rate
6.09%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 18, 2020
Sold by
Bennett Atkinson & Associates Pc
Bought by
Hopkins Joseph David
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Deed $981,000 Entitle
Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,080,000 Credit Line Revolving
Closed $500,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2024 11/04/24 For Sale $980,000 0.0% $1,094 / Sq Ft
11/01/2024 11/01/24 Sold $980,000 0.0% $1,094 / Sq Ft
10/31/2024 10/31/24 Sold $980,000 0.0% $1,094 / Sq Ft
09/25/2024 09/25/24 Pending -- -- --
09/25/2024 09/25/24 Pending -- -- --
09/24/2024 09/24/24 For Sale $980,000 0.0% $1,094 / Sq Ft
03/21/2019 03/21/19 Rented $800 0.0% --
02/04/2019 02/04/19 For Rent $800 0.0% --
01/07/2019 01/07/19 Under Contract -- -- --
11/14/2018 11/14/18 For Rent $800 0.0% --
11/09/2017 11/09/17 Rented $800 0.0% --
11/09/2017 11/09/17 Under Contract -- -- --
10/25/2017 10/25/17 For Rent $800 -- --
Source: Bright 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
2025 $9,536 $986,100 $671,000 $315,100
2024 $35 $602,200 $287,100 $315,100
2023 $8,918 $986,100 $671,000 $315,100
2022 $8,918 $986,100 $671,000 $315,100
2021 $10,010 $1,005,700 $718,100 $287,600
2020 $10,010 $1,005,700 $718,100 $287,600
2019 $10,010 $1,005,700 $718,100 $287,600
2018 $9,890 $1,005,700 $718,100 $287,600
2016 $9,943 $955,700 $688,100 $267,600
2015 -- $955,700 $688,100 $267,600
2014 -- $955,700 $688,100 $267,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: VAFQ2014100

Bright MLS

APN: 6982-69-7505