NOT LISTED FOR SALE

914 Spruce St Unit A & B Martinsville, VA 24112

Estimated Value: $111,567 - $194,000

-- Bed
2 Baths
1,800 Sq Ft
$86/Sq Ft Est. Value

Last Sold March 16, 2020

Last sale price $51,000 $28 Per Sq Ft

Est. 205% increase in value since last sale

Current estimated payment $855/month

3 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Ceiling Fan

About This Home

As of March 2020

Great investment opportunity! Duplex in great location. Convenient to shopping, schools, medical, etc. Both units currently rented. Each unit has basement washer & dryer hookup plus storage. Level backyard! Lot size and sq.ft. est.

Last Agent to Sell the Property

Cathy Spencer

THE SPENCER GROUP REAL ESTATE & AUCTION INC License #0225019646 Listed on: 02/21/2020

Last Buyer's Agent

Non Member Transaction Agent

Non-Member Transaction Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $637

Year Built

  • Built in 1954

Lot Details

  • 8,712 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 1,800 Sq Ft Home
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 8

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Gross Income $750
  • Net Operating Income $95

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$637

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan
  • Heating System: Forced Air Gas
  • Type: Multi-Family
  • Has Basement: Full Basement
  • Cooling System: Other - See Remarks
  • Internet Access: Cable
  • Major Area: 13 - City of Martinsville
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 2.00
  • NumberVehicleSpaces: 2.00
  • Hoa2 Or Poa: No
  • Water Class: N/A
  • Water Heater Energy: Natural Gas
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Amenities Common: Cable TV

Lot Info

  • Lot Dimensions: .201
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.20
  • Lot: 8

Building Info

  • Year Built: 1954

Tax Info

  • Taxes (6 mo): 637.26

Multi Family

  • Tenant Pays: Cable TV, Electricity, Gas
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: Other - See Remarks
  • HighSchool: Other - See Remarks
  • Middle School: Other - See Remarks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2020
Closed on
Mar 16, 2020
Sold by
Tommy House Etc Llc
Bought by
Tamu Ii Llc
Seller's Agent
Cathy Spencer
THE SPENCER GROUP REAL ESTATE & AUCTION INC
Buyer's Agent
Non Member Transaction Agent
Non-Member Transaction Office
List Price
$64,000
Sold Price
$51,000
Premium/Discount to List
-$13,000
-20.31%
Current Estimated Value
$155,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,642
Avg. Annual Appreciation
21.96%

Purchase Details

Closed on
Mar 19, 2018
Sold by
Lam Sonya Moerman
Bought by
Tommy House Etc Llc A Virginia Limited L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
4.22%
Mortgage Type
Commercial
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
Tamu Ii Llc $51,000 Attorney
Tommy House Etc Llc A Virginia Limited L $50,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tommy House Etc Llc A Virginia Limited L $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2020 03/16/20 Sold $51,000 -20.3% $28 / Sq Ft
02/24/2020 02/24/20 Pending -- -- --
02/21/2020 02/21/20 For Sale $64,000 -- $36 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

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 $495 $95,400 $20,200 $75,200
2024 $495 $50,000 $8,000 $42,000
2023 $495 $50,000 $8,000 $42,000
2022 $520 $50,000 $8,000 $42,000
2021 $520 $50,000 $8,000 $42,000
2020 $637 $60,000 $8,000 $52,000
2019 $0 $60,000 $8,000 $52,000
2018 $637 $60,000 $8,000 $52,000
2017 $637 $60,000 $8,000 $52,000
2016 $637 $60,000 $8,000 $52,000
2015 $637 $60,000 $8,000 $52,000
2014 $637 $60,000 $8,000 $52,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 867042

Roanoke Valley Association of REALTORS®

APN: 000740300