NOT LISTED FOR SALE

950 Thompson Ridge Rd Ferrum, VA 24088

Ferrum Area

Estimated Value: $262,000 - $309,571

3 Beds
1 Bath
1,458 Sq Ft
$195/Sq Ft Est. Value

Sale Details

Date Sold: September 8, 2021

Last sale price $204,000 $140 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,621 / mo

2 Days on Market

Highlights

  • Mountain View
  • Wood Burning Stove
  • Ranch Style House
  • Deck
  • Stream or River on Lot
  • No HOA

About This Home

As of September 2021

Check out this wonderful 3 bed/1 bath ranch with a basement that sits on over 15 acres. This property will provide you with the privacy that you're looking for but also the ability to the commute nearby with Ferrum college only 10 mins away. Enjoy your mornings/evenings on the oversized deck and take in the wonderful views of the property. You will also be able to unwind in the living room with a wood burning fireplace or in the den off of the updated kitchen. There is potential to finish out the basement or create it into a partial basement. Don't miss your opportunity to make this property your own.

Last Agent to Sell the Property

Zach Epperly

RE/MAX 8 License #0225231011 Listed on: 07/24/2021

RE/MAX 8

Last Buyer's Agent

Amy Rider

WAINWRIGHT & CO., REALTORS(r)- LAKE License #0225226444

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $888

Year Built

  • Built in 1954

Lot Details

  • 15.4 Acre Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 1,458 Sq Ft Home
  • Ceiling Fan
  • Wood Burning Stove
  • Living Room with Fireplace
  • Storage
  • Mountain Views
  • Basement Fills Entire Space Under The House
  • Storm Doors
  • Electric Range

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Stream or River on Lot
  • Deck

Schools

  • Ferrum Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$888

Year Built

Built in 1954

Lot Details

15.4 Acres

Listing Details

  • Interior Features: Ceiling Fan, Storage, Wood Stove
  • Heating System: Heat Pump Electric
  • Fireplace(s): Living Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Full Basement
  • Major Appliances: Clothes Dryer, Clothes Washer, Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric
  • Outside Features: Deck, Paved Driveway
  • Views: Mountain, Sunrise, Sunset
  • BedroomsBREntryLevel: 3
  • EntryAboveGrdFin Sq Ft: 1458.00
  • ExteriorDoors: Insulated Storm
  • Fireplace Number Fireplaces: 1
  • Internet Access: Other, See Remarks
  • LaundryLaundryLowerLevel: 1
  • Major Area: 04 - Franklin County
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Detached
  • Residential Type: Detached
  • Style Of House: Ranch
  • Total Above Grd Fin S Q F T: 1458
  • TotalBdrm: 3
  • TotalBths: 1.00
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 1458.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

  • Sewer Description: Private Septic
  • Water Description: Private Well
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Maint-Free Exterior, Paved Road, Stream

Lot Info

  • Lot Description: Stream, Views
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 15.40

Building Info

  • Year Built: 1954

Tax Info

  • Taxes (6 mo): 888.16

MLS Schools

  • Elementary School: Ferrum
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2021
Closed on
Sep 7, 2021
Sold by
Bought by
Seller's Agent
Zach Epperly
RE/MAX 8
Buyer's Agent
Amy Rider
WAINWRIGHT & CO., REALTORS(r)- LAKE
List Price
$195,000
Sold Price
$204,000
Premium/Discount to List
$9,000
4.62%
Current Estimated Value
$283,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,643
Avg. Annual Appreciation
7.05%
Original Mortgage
$197,880
Interest Rate
0.028%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$204,000 Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $197,880
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/08/2021 09/08/21 Sold $204,000 +4.6% $140 / Sq Ft
07/26/2021 07/26/21 Pending -- -- --
07/24/2021 07/24/21 For Sale $195,000 -- $134 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $961 $223,400 $52,800 $170,600
2024 $961 $223,400 $52,800 $170,600
2023 $888 $145,600 $45,800 $99,800
2022 $888 $145,600 $45,800 $99,800
2021 $888 $145,600 $45,800 $99,800
2020 $750 $145,600 $45,800 $99,800
2019 $966 $276,800 $190,300 $86,500
2018 $781 $128,000 $42,200 $85,800
2017 $704 $118,900 $42,200 $76,700
2016 $704 $118,900 $42,200 $76,700
2015 $642 $118,900 $42,200 $76,700
2014 $642 $118,900 $42,200 $76,700
2013 $642 $118,900 $42,200 $76,700
Source: Public Records

Agents Affiliated with this Home

  • Zach Epperly

    Seller's Agent in 2021

    Zach Epperly

    RE/MAX

    (540) 230-0712

    127 Total Sales

    Zach Epperly
    Section Image

  • A

    Buyer's Agent in 2021

    Amy Rider

    WAINWRIGHT & CO., REALTORS(r)- LAKE

    (540) 505-2003

    5 Total Sales

    Amy Rider
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 882298

Roanoke Valley Association of REALTORS®

APN: 0990001000

Virginia Franklin County Ferrum 24088

950 Thompson Ridge Rd, Ferrum, VA

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Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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