NOT LISTED FOR SALE

914 Main St Altavista, VA 24517

Estimated Value: $200,148

Studio
-- Bath
6,000 Sq Ft
$33/Sq Ft Est. Value

Last Sold June 21, 2022

Last sale price $399,000 $66 Per Sq Ft

Est. 50% decrease in value since last sale

Current estimated payment $1,088/month

304 Days on Market

About This Home

As of June 2022

914 Main Street offers 6000 square feet of Unfinished Commercial space on the Street Level and 6000 square feet of Apartments on the second floor. The six Apartments are rented. The Street Level unit has the potential to be converted into more apartment. Off street parking in the back of the building. All of the units have separate electrical meters. Owner pays for water and trash disposal. Major renovations were done in 2008. Must sell with 916 Main Street

Last Agent to Sell the Property

Don Ashworth

Watts Auction Realty Appra Inc License #0225218667 Listed on: 05/25/2021

Last Buyer's Agent

Charlie Watts

Watts Auction Realty Appra Inc License #0225086405

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $667

Year Built

  • Built in 1946

Lot Details

  • 8,503

Home Design

  • 6,000 Sq Ft Home

Schools

  • Altavista Elementary School
  • Altavista Combined Middle School
  • Altavista Combined High School

Additional Features

  • 8,503 Sq Ft Lot
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 83A-11-38-7

Community Details

Overview

  • 6 Units

Building Details

  • 1 Separate Water Meter
  • Electric Expense $2,262
  • Insurance Expense $3,336
  • Water Sewer Expense $2,151
  • New Taxes Expense $667
  • Gross Income $36,840
  • Net Operating Income $26,557

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$667

Year Built

Built in 1946

Lot Details

8,503 Sq Ft Lot

Listing Details

  • FILLACRES: 0.1952
  • Directions: On US-29 BUS, Main St in Altavista
  • ElementarySchool4: Altavista Elem
  • HighSchool4: Altavista Combined
  • Lot Measurement: Acres
  • Lot Sq Ft: 8503.00
  • MiddleSchool4: Altavista Combined
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 83A-11-38-7
  • Year Built: 1946
  • Heating System: Heat Pump
  • Unit Info Number Unfurnished Units: 6
  • Taxes Expense: 667.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: LOT 7 BK 38
  • Reciprocal Listing: No
  • Year Built Exception: 0

Utilities

  • Cooling: Heat Pump
  • Sewer: City
  • Hot Water: City
  • Number Of Water Meters: 1

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Fee Information

  • Insurance Expenses: 3336.00

Schools

  • School District: Campbell

Lot Info

  • Lot Sq Ft: 6000.00

Tax Info

  • Estimated Taxes: 667

Multi Family

  • Annual Gross Income: 36840.00
  • Electric Expense: 2262.00
  • Net Operating Income: 26557.00
  • Total Number Units: 6
  • Water Expense: 2151.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2021
Closed on
Jun 15, 2022
Sold by
Oakgrove Properties Llc
Bought by
Maple Ridge Estates Llc
Seller's Agent
Don Ashworth
Watts Auction Realty Appra Inc
Buyer's Agent
Charlie Watts
Watts Auction Realty Appra Inc
List Price
$429,000
Sold Price
$399,000
Premium/Discount to List
-$30,000
-6.99%
Current Estimated Value
$200,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$198,852
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Maple Ridge Estates Llc $399,000 Chicago Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2022 06/21/22 Sold $399,000 -7.0% $67 / Sq Ft
03/25/2022 03/25/22 Pending -- -- --
05/25/2021 05/25/21 For Sale $429,000 -- $72 / Sq Ft
Source: Lynchburg Association of REALTORS®

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 $683 $151,800 $50,000 $101,800
2024 $683 $151,800 $50,000 $101,800
2023 $683 $151,800 $50,000 $101,800
2022 $667 $128,300 $50,000 $78,300
2021 $667 $128,300 $50,000 $78,300
2020 $667 $128,300 $50,000 $78,300
2019 $667 $128,300 $50,000 $78,300
2018 $725 $139,400 $55,000 $84,400
2017 $725 $139,400 $55,000 $84,400
2016 $725 $139,400 $55,000 $84,400
2015 -- $139,400 $55,000 $84,400
2014 -- $144,200 $55,000 $89,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 331807

APN: 83A-11-38-7

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