NOT LISTED FOR SALE

916 Banks Rd Martinsville, VA 24112

Estimated Value: $76,002 - $100,000

3 Beds
1 Bath
900 Sq Ft
$95/Sq Ft Est. Value

Last Sold September 10, 2020

Last sale price $51,000 $57 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $500/month

12 Days on Market

Highlights

  • Deck
  • Main Floor Bedroom
  • Central Air
  • Wood Flooring
  • Porch
  • Ceiling Fan

About This Home

As of September 2020

Take a look at this beautiful house that is full of character! It's located in the city of Martinsville and offers 3 bedrooms and 1 bath. Hardwood floors have been refinished throughout and new vinyl has been installed in the washroom! A brand new roof was put on and all of the windows in the house have been replaced. New paint throughout! A very large attic is just another wonderful plus to this house!

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $413

Year Built

  • Built in 1948

Lot Details

  • 8,102 Sq Ft Lot
  • Lot Dimensions are 59.5x135.82
  • Property is in very good condition
  • Property is zoned R-N

Home Design

  • Composition Roof
  • Vinyl Siding
  • Lead Paint Disclosure

Interior Spaces

  • 900 Sq Ft Home
  • Ceiling Fan
  • Storm Doors
  • Electric Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Porch

Schools

  • Patrick Henry Elementary School
  • Martinsville City Middle School
  • Martinsville High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Martinsville Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$413

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 59.5x135.82
  • Subdivision Name: Martinsville
  • Directions: Take Commonwealth Blvd W to Chatham Heights Rd., in .6 miles turn right onto Banks Rd and in 700 ft, the destination is on your right.
  • Carport Y N: No
  • Garage Yn: No
  • Year Built: 1948
  • Attribution Contact: 2766291363
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Refrigerator, Electric Range
  • Other Equipment: No Farm Equipment
  • Has Basement: None
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Wood, Vinyl
  • Interior Amenities: 1st Floor Bedroom, Ceiling Fan(s)
  • Living Area: 900

Exterior Features

  • Waterfront Features: No Surface Water
  • Disclosures: Lead Paint
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Deck, Porch
  • Property Condition: Very Good
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: None

Utilities

  • Cooling: Central-Electric
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Utilities On
  • Water Source: Public

Schools

  • Elementary School: Patrick Henry
  • High School: Martinsville
  • Middle Or Junior School: Martinsville City

Lot Info

  • Lot Size Sq Ft: 8102.16
  • Zoning: R-N
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2020
Closed on
Sep 10, 2020
Sold by
Stocks Mark A
Bought by
Owens Keith
List Price
$51,000
Sold Price
$51,000
Current Estimated Value
$85,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,501
Avg. Annual Appreciation
10.69%

Purchase Details

Listed on
Feb 26, 2019
Closed on
Jan 21, 2020
Sold by
Moore Julia B and Bullins Sandra
Bought by
Stocks Mark Alan
Seller's Agent
Zach Morris
The Spencer Group R.E. & Auction
Buyer's Agent
Zach Morris
The Spencer Group R.E. & Auction
List Price
$18,500
Sold Price
$18,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
387.67%

Purchase Details

Closed on
Jun 15, 2017
Sold by
Howard Charles Arthur
Bought by
Bullins Sandra E and Moore Julia E
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
Owens Keith $51,000 Attorney
Stocks Mark Alan $18,500 Attorney
Bullins Sandra E $33,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Howard Charles Arthur $37,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2020 09/10/20 Sold $51,000 0.0% $57 / Sq Ft
08/20/2020 08/20/20 Pending -- -- --
08/07/2020 08/07/20 For Sale $51,000 +175.7% $57 / Sq Ft
01/22/2020 01/22/20 Sold $18,500 0.0% $23 / Sq Ft
01/22/2020 01/22/20 Pending -- -- --
02/26/2019 02/26/19 For Sale $18,500 -- $23 / Sq Ft
Source: Martinsville, Henry & Patrick Counties 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
2024 $413 $41,700 $6,000 $35,700
2023 $413 $41,700 $6,000 $35,700
2022 $329 $31,600 $6,000 $25,600
2021 $329 $31,600 $6,000 $25,600
2020 $317 $31,600 $6,000 $25,600
2019 $336 $31,600 $6,000 $25,600
2018 $380 $33,200 $6,000 $27,200
2017 $353 $33,200 $6,000 $27,200
2016 $3,405 $38,400 $6,000 $32,400
2015 $3,589 $38,400 $6,000 $32,400
2014 $3,141 $38,400 $6,000 $32,400
Source: Public Records

Agents Affiliated with this Home

  • Zach Morris

    Seller's Agent in 2020

    Zach Morris

    The Spencer Group R.E. & Auction

    (276) 734-9738

    39 Total Sales

    Zach Morris
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Map

Source: Martinsville, Henry & Patrick Counties Association of REALTORS®

MLS Number: 134895

APN: 000609200

Virginia Martinsville County Martinsville 24112

916 Banks Rd, Martinsville, VA

This home is located at 916 Banks Rd, Martinsville, VA 24112 since 07 August 2020 and is currently estimated at $85,501, approximately $95 per square foot. This property was built in 1948. 916 Banks Rd is a home located in Martinsville City with nearby schools including Patrick Henry Elementary School, Martinsville Middle School, and Martinsville High School.

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