NOT LISTED FOR SALE

8883 Sam Snead Hwy Hot Springs, VA 24445

Estimated Value: $843,000 - $1,360,042

10 Beds
6.5 Baths
6,009 Sq Ft
$189/Sq Ft Est. Value

Last Sold August 01, 2023

Last sale price $871,750 $145 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $6,743/month

23 Days on Market

Highlights

  • Guest House
  • Main Floor Primary Bedroom
  • High Ceiling
  • Deck
  • Victorian Architecture
  • Granite Countertops

About This Home

As of August 2023

The Hot Springs Victorian Inn. is an income-producing property (Generated over $108,000 in 2021-2022 and coming fully furnished) that was constructed in 1899 on 2.84 acres. It is located only a mile from the Omni Homestead Golf and Ski Resort in Downtown Hot Springs, VA, and is ready for a new owner. For decades this magnificent property operated as a Bed and Breakfast, though most recently it has functioned as a very profitable Airbnb that hosted tourists and visitors to the area and also accommodated the overflow from the multiple neighboring resorts. Included within this 6009 Sq. Regal Victorian Mansion there are 8 Bedrooms, 6 Baths, 2 kitchens, and a Butler's Pantry, with an additional fenced-in, rear Honeymoon Cottage with its own separate kitchenette located just behind the main house. The property is being sold through a virtual auction on website. Seller is considering pre-auction offers.

Last Agent to Sell the Property

Philip Bonnie

Dudley Resources License #0225243246 Listed on: 06/07/2023

Last Buyer's Agent

NON MLS USER MLS

NON MLS OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,016

Year Built

  • Built in 1899

Lot Details

  • 2.84

Home Design

  • Victorian Architecture
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Aluminum Siding

Interior Spaces

  • 6,009 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Dining Area
  • Workshop
  • Washer and Dryer Hookup
  • Property Views
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Double Vanity

Parking

  • Circular Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Exterior Lighting
  • Shed
  • Outbuilding
  • Porch

Schools

  • Valley Elementary School
  • None Middle School
  • Bath County High School

Utilities

  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Oil
  • Baseboard Heating

Additional Features

  • Back Yard Fenced
  • Guest House

Listing and Financial Details

  • Assessor Parcel Number 72-45

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,016

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1899
  • Property Attached Yn: No
  • Ownership: Corporate,Other
  • Subdivision Name: None
  • Architectural Style: Other, Victorian
  • Garage Yn: No
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement: Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 10
  • Interior Amenities: Bedroom on Main Level, Butler's Pantry, Dining Area, Double Vanity, Eat-in Kitchen, Granite Counters, High Ceilings, Kitchen Island, Main Level Primary, Walk-In Closet(s), Workshop
  • Living Area: 6009.0
  • Stories: 3
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition, Shingle
  • Fencing: Back Yard
  • Pool Features: None
  • View: Yes
  • Waterfront: No
  • Construction Type: Aluminum Siding, Frame, Concrete, Wood Siding
  • Exterior Features: Deck, Lighting, Out Building(s), Porch, Storage, Shed, Paved Driveway
  • Foundation Details: Slab
  • Other Structures: Guest House, Outbuilding
  • Patio And Porch Features: Deck, Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Circular Driveway, Driveway, Off Street, Paved

Utilities

  • Heating: Baseboard, Oil, Radiator(s)
  • Cooling: Window Unit(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: None

Lot Info

  • Parcel Number: 72-45
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4016.0

MLS Schools

  • Elementary School: Valley
  • High School: Bath County

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2023
Closed on
Jul 31, 2023
Sold by
D & C Llc
Bought by
Corley Noelle and Corley John L
Seller's Agent
Philip Bonnie
Dudley Resources
Buyer's Agent
NON MLS USER MLS
NON MLS OFFICE
List Price
$600,000
Sold Price
$871,750
Premium/Discount to List
$271,750
45.29%
Views
377
Current Estimated Value
$1,134,681

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,931
Avg. Annual Appreciation
12.14%
Original Mortgage
$660,760
Interest Rate
4%
Mortgage Type
VA

Purchase Details

Closed on
May 23, 2018
Sold by
King Richard S and King Christine L
Bought by
D & C Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,525
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 26, 2016
Sold by
Wilson Charles S and Wilson Rebecca L
Bought by
Frank Graham Carter Revocabe Trust and Megan Pratt Carter Revocable Trust

Purchase Details

Closed on
Feb 29, 2016
Sold by
King Christine L
Bought by
King Richard S and King Christine L
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 Buyer Sale Price Title Company
Corley Noelle $860,750 None Listed On Document
D & C Llc $815,000 None Available
Frank Graham Carter Revocabe Trust $85,000 None Available
King Richard S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corley Noelle $878,565
Closed Corley Noelle $660,760
Previous Owner D & C Llc $219,525
Previous Owner King Christine L $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2023 08/01/23 Sold $871,750 +27.3% $145 / Sq Ft
06/30/2023 06/30/23 Pending -- -- --
06/30/2023 06/30/23 Price Changed $685,000 +14.2% $114 / Sq Ft
06/07/2023 06/07/23 For Sale $600,000 -- $100 / Sq Ft
Source: Central Virginia Regional 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
2024 $6,728 $1,121,400 $255,200 $866,200
2023 $4,907 $817,900 $255,200 $562,700
2022 $4,498 $817,900 $255,200 $562,700
2021 $4,116 $748,300 $410,400 $337,900
2020 $4,116 $748,300 $410,400 $337,900
2019 $3,742 $748,300 $410,400 $337,900
2018 $3,742 $748,300 $410,400 $337,900
2017 $3,742 $748,300 $410,400 $337,900
2016 -- $744,300 $342,000 $402,300
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2012 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2313774

Central Virginia Regional MLS

APN: 72 45