NOT LISTED FOR SALE

88 Settlement Way Madison, VA 22727

Estimated Value: $299,000 - $346,000

3 Beds
1 Bath
1,152 Sq Ft
$282/Sq Ft Est. Value

Last Sold November 22, 2019

Last sale price $129,900 $113 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $1,817/month

38 Days on Market

Highlights

  • Wood Burning Stove
  • Rambler Architecture
  • Garden View
  • Private Lot
  • Wood Flooring
  • No HOA

About This Home

As of November 2019

This classic Ranch Style home offers a great opportunity for an investor or DIY to take this property to the next level. Good bones but needs a fresh pair of eyes & hands. The garage out back is 36' L x 24' W & 12' to the rafters, Door is 16' wide & 8' tall. Basement is 1152 SF unfinished. The ground floor is hardwood throughout (kitchen & dining room covered with removable tile-like flooring). Once had a large garden area which according to family was very productive. Planted fruit & nut trees include: Chinese chestnut, pecans, apples, & walnuts. A wood stove in the basement. Needs a furnace or HVAC & a water heater.

Last Agent to Sell the Property

BRAD WILLIAMS

(434) 989-7721 brad.williams7721@gmail.com NextHome Premier Properties & Estates License #0225207494 Listed on: 08/09/2019

Last Buyer's Agent

neil boley

(540) 718-7980 boleyrealty@gmail.com Samson Properties

Samson Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,012

Year Built

  • Built in 1965

Lot Details

  • 2.62 Acre Lot
  • Cul-De-Sac
  • Rural Setting
  • Private Lot
  • Secluded Lot
  • Open Lot
  • Property is zoned R3

Parking

  • 2 Car Detached Garage
  • Rear-Facing Garage
  • Driveway

Home Design

  • Rambler Architecture
  • Block Foundation
  • Slab Foundation
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • Property has 1 Level
  • Partially Furnished
  • Paneling
  • Wood Burning Stove
  • Double Hung Windows
  • Family Room
  • Dining Room
  • Garden Views

Kitchen

  • Electric Oven or Range
  • Kitchen Island

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Unfinished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Basement Windows

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Shed
  • Porch

Schools

  • Waverly Elementary School
  • William Wetsel Middle School
  • Madison County High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating Available
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 1398

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,012

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Accessibility Features: No Stairs
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Wood stove, electric stove, refrigerator, some furniture if wanted
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator
  • Flooring Type: Hardwood
  • Interior Amenities: Carpet, Kitchen - Island, Pantry
  • Window Features: Double Hung
  • Wall Ceiling Types: Dry Wall, Paneled Walls
  • Foundation Details: Block, Slab
  • Levels Count: 1
  • Room List: Dining Room, Kitchen, Family Room, Laundry, Bathroom 1, Bathroom 2, Bathroom 3
  • Basement: Yes
  • Basement Type: Full, Heated, Outside Entrance, Unfinished, Walkout Level, Windows
  • Laundry Type: Main Floor
  • Total Sq Ft: 2304
  • Living Area Sq Ft: 1152
  • Price Per Sq Ft: 112.76
  • Above Grade Finished Sq Ft: 1152
  • Below Grade Sq Ft: 1152
  • Total Below Grade Sq Ft: 1152
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Shingle Siding, Block
  • Road Surface Type: Gravel
  • Roof: Shingle
  • Spa: No
  • View: Garden/Lawn
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Paved Driveway, Private
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit, Window Unit(s)
  • Heating Fuel: Wood
  • Heating Type: Wood Burn Stove
  • Heating: Yes
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: WAVERLY
  • High School: MADISON COUNTY
  • Middle Or Junior School: WILLIAM WETSEL

Lot Info

  • Horses: No
  • Lot Features: Cul-De-Sac, Open, Private, Secluded
  • Lot Size Acres: 2.62
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 114127.20
  • Outdoor Living Structures: Porch(es)
  • Zoning: R3
  • Zoning Description: Residential
  • In City Limits: No

Rental Info

  • Furnished: Partially
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1012.00
  • Assessor Parcel Number: 1398
  • Tax Year: 2019

MLS Schools

  • School District Name: MADISON COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 26, 2023
Sold by
Omer Kent E
Bought by
Corbin Jonathan R and Corbin Taylor J
Current Estimated Value
$324,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,082
Outstanding Balance
$8,839
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$315,692
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
Corbin Jonathan R $259,500 Doma Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corbin Jonathan R $9,082
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2019 11/22/19 Sold $129,900 -7.1% $113 / Sq Ft
11/19/2019 11/19/19 Price Changed $139,900 -6.7% $121 / Sq Ft
09/16/2019 09/16/19 Pending -- -- --
08/09/2019 08/09/19 For Sale $149,900 -- $130 / Sq Ft
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 $1,446 $283,600 $68,200 $215,400
2024 $1,070 $144,600 $63,200 $81,400
2023 $1,070 $144,600 $63,200 $81,400
2022 $1,070 $144,600 $63,200 $81,400
2021 $1,070 $144,600 $63,200 $81,400
2020 $1,027 $144,600 $63,200 $81,400
2019 $1,146 $144,600 $63,200 $81,400
2018 $1,146 $168,600 $76,600 $92,000
2017 $1,146 $168,600 $76,600 $92,000
2016 -- $168,600 $76,600 $92,000
2015 -- $168,600 $76,600 $92,000
2014 -- $168,600 $76,600 $92,000
Source: Public Records

Agents Affiliated with this Home

  • BRAD WILLIAMS

    Seller's Agent in 2019

    BRAD WILLIAMS

    NextHome Premier Properties & Estates

    (434) 989-7721

    21 Total Sales

    BRAD WILLIAMS
    Section Image

  • n

    Buyer's Agent in 2019

    neil boley

    Samson Properties

    (540) 718-7980

    3 Total Sales

    neil boley
    Section Image
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Map

Source: Bright MLS

MLS Number: VAMA107852

Bright MLS

APN: 40-30O

Virginia Madison County Madison 22727

88 Settlement Way, Madison, VA

Not Listed for Sale

Detached

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