902 Banks Rd Martinsville, VA 24112
3
Beds
1
Bath
1,085
Sq Ft
7,492
Sq Ft Lot
Highlights
- Wood Flooring
- Porch
- Heat Pump System
- Main Floor Bedroom
- Cooling Available
About This Home
As of January 2025This cozy home offers three bedrooms and one bathroom, with a flexible layout that can easily accommodate various needs. One of the bedrooms is currently being used as a dining area, but could easily be converted back into a third bedroom, making the home a great option for families or those needing extra space. The bright living room and separate den offer plenty of room for relaxation or entertaining. Enjoy the outdoors from the inviting covered front porch, a perfect spot to unwind and enjoy the neighborhood. The property also features an outbuilding, providing additional storage or workspace, and covered parking for added convenience. Currently, the home is occupied by a long-term tenant on a month-to-month lease, making this an ideal investment property with immediate rental income potential. The heat pump was replaced in 2024. Located in a convenient area with easy access to local amenities, this home is a fantastic opportunity for investors or those seeking a comfortable, low-maintenance living space. Square footage and lot size estimated. One of the sellers holds an active Virginia Realtor's license.
Last Agent to Sell the Property
KW Martinsville Brokerage Phone: 2767887653 License #0225263657 Listed on: 11/14/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $448
Year Built
- Built in 1954
Lot Details
- 7,492 Sq Ft Lot
Home Design
- Brick Exterior Construction
- Composition Roof
- Aluminum Siding
Interior Spaces
- 1,085 Sq Ft Home
- Crawl Space
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- Main Floor Bedroom
- 1 Full Bathroom
Outdoor Features
- Outbuilding
- Porch
Utilities
- Cooling Available
- Heat Pump System
- Electric Water Heater
Community Details
- Martinsville Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 14, 2024
Closed on
Jan 10, 2025
Sold by
Af Investments Llc
Bought by
Hairston Lacora
Seller's Agent
Carrie Kendrick
KW Martinsville
Buyer's Agent
Tiffany Waller
Commonwealth LLC-REALTORS
List Price
$109,900
Sold Price
$115,000
Premium/Discount to List
$5,100
4.64%
Views
14
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,565
Avg. Annual Appreciation
-9.95%
Original Mortgage
$12,500
Outstanding Balance
$12,468
Interest Rate
6.81%
Estimated Equity
$94,960
Purchase Details
Closed on
Sep 11, 2022
Sold by
T R Properties Inc
Bought by
Theofilos G Balabanis Trust Fund and George T And Elizabeth P Balabanis Charitable Foundation
Purchase Details
Listed on
Nov 18, 2016
Closed on
Dec 15, 2016
Sold by
Pegram Carter Cathy Pegram and Pegram Russell Deborah
Bought by
Tr Properties Inc A Virginia Corporation
Seller's Agent
Richard Sarver
The Spencer Group R.E. & Auction
Buyer's Agent
Richard Sarver
The Spencer Group R.E. & Auction
List Price
$20,000
Sold Price
$20,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.24%
Similar Homes in Martinsville, VA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $115,000 | Commonwealth Land Title | |
| Warranty Deed | $115,000 | Commonwealth Land Title | |
| Deed | -- | -- | |
| Warranty Deed | $20,000 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $12,500 | No Value Available | |
| Closed | $12,500 | No Value Available | |
| Open | $101,368 | FHA | |
| Closed | $101,368 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/10/2025 01/10/25 | Sold | $115,000 | +4.6% | $106 / Sq Ft |
| 01/08/2025 01/08/25 | Pending | -- | -- | -- |
| 11/14/2024 11/14/24 | For Sale | $109,900 | +449.5% | $101 / Sq Ft |
| 12/15/2016 12/15/16 | Sold | $20,000 | 0.0% | $18 / Sq Ft |
| 11/22/2016 11/22/16 | Pending | -- | -- | -- |
| 11/18/2016 11/18/16 | For Sale | $20,000 | -- | $18 / Sq Ft |
Source: Martinsville, Henry & Patrick Counties Association of REALTORS®
Tax History Compared to Growth
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 | $448 | $45,300 | $6,000 | $39,300 |
| 2023 | $448 | $45,300 | $6,000 | $39,300 |
| 2022 | $363 | $34,900 | $6,000 | $28,900 |
| 2021 | $363 | $34,900 | $6,000 | $28,900 |
| 2020 | $371 | $34,900 | $6,000 | $28,900 |
| 2019 | $371 | $34,900 | $6,000 | $28,900 |
| 2018 | $410 | $37,800 | $6,000 | $31,800 |
| 2017 | $401 | $37,800 | $6,000 | $31,800 |
| 2016 | $418 | $39,400 | $6,000 | $33,400 |
| 2015 | $418 | $39,400 | $6,000 | $33,400 |
| 2014 | $418 | $39,400 | $6,000 | $33,400 |
Source: Public Records
Agents Affiliated with this Home
-
Carrie Kendrick
Seller's Agent in 2025
Carrie Kendrick
KW Martinsville
(440) 339-0204
52 Total Sales
-
Tiffany Waller
T
Buyer's Agent in 2025
Tiffany Waller
Commonwealth LLC-REALTORS
(276) 647-7772
160 Total Sales
-
Richard Sarver
Seller's Agent in 2016
Richard Sarver
The Spencer Group R.E. & Auction
(276) 732-3187
257 Total Sales
Map
Source: Martinsville, Henry & Patrick Counties Association of REALTORS®
MLS Number: 144229
APN: 000609100
Nearby Homes
- 914 Banks Rd
- 1212 Chatham Heights Rd
- 1026 Owens Rd
- 1027 Owens Rd
- 1500 Chatham Heights Rd
- 933 Blankenship Rd
- 931 Blankenship Rd
- 0 Blankenship Rd
- 1109 Chatham Heights Rd
- 1017 Williams St
- 4214 Sunset Dr
- 109 Salmon St
- 111 Salmon St
- 000 Tanglewood Dr
- 518 Glendale St
- 520 Glendale St
- 117 Salmon St
- 526 Glendale St
- 539 Glendale St
- 0 Douglas Rd