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100 Homestead Road

100 Homestead Road, Franklin, VA 23851
Property in Franklin
Sold Apr 04, 2017
$20,000
$100,000 by Bridgeway Financial Llc
Mortgage
Sold May 08, 2006
$267,000
$272,740 by First Residential Mortgag
Mortgage
100 Homestead Road has been categorized by the local assessors in Franklin, VA as a residential type of property. The building on the property was first built in 1990 and is 34 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 100 Homestead Road has 2,291 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 48,526 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 483 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying a porch. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of alum/vinyl siding. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heat pump and being fueled with electricity. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 100 Homestead Road sold most recently in Mar 27, 2017 for a total of $20,000. If you work out the math, that's approximately a cost of $8.73 per sqft. Before that, the property was also sold for $267,000 in Jan 1, 1970. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $2,583 in taxes each year. 100 Homestead Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $250,800. If we break it down further, the land itself was valued at $56,300. Improvements to the property, however, were assessed at a total of $194,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Wood
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Type: Offsite
  • Garage Type: Garage
  • Garage Square Area: 483
  • Parking Space Count: 1
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 48,526
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,291
  • Building Area: 2,291
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 2,291
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: I WYNNWOOD SD
  • Land Acres: 1.114
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: LOT 8 HOMESTEAD ROAD 1 114 ACRES 089-(151)-8

Ownership

  • Current Owner : LEE SUN KI
  • Current Owner 2: LEE EUN K
  • Previous Owner : TEAGUE OTIS S
  • Previous Owner 2: TEAGUE PHYLLIS N
  • Owner Before Previous Owner: HACKWORTH DAVID F
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Franklin City Public Schools
  • Census Tract: 090100

Zoning

  • Zoning: RO

Geography

  • Account Number: 2036
  • Parcel: 089 151 8
  • Lot: 8
  • Municipality: FRANKLIN DISTRICT
  • Latitude: 36.686
  • Longitude: -76.9334

    Address

  • Full Address: 100 Homestead Rd
  • Address - House Number: 100
  • Address - Street Name: Homestead
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Franklin
  • Carrier Code: C002
  • 4-Digit Zip Code: 1352
  • Zip Code: 23851

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,583

    Appraisal Valuation

  • Standard Deviation: 0.2404
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 66
  • Final Value: 308,683
  • High Value: 382,893
  • Low Value: 234,473

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $133,800
  • First Open Lien Mortgage Lender: BRIDGEWAY FINANCIAL LLC
  • First Open Lien Mortgage Recording Date: Apr 04, 2017
  • First Open Lien Mortgage Loan Amount: $100,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Lender: BRANCH BANKING & TRUST COMPANY
  • Second Open Lien Mortgage Recording Date: Feb 22, 2018
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $33,800
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $250,800
  • Market Land Value: $56,300
  • Market Improvement Value: $194,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $250,800
  • Assessed Land Value: $56,300
  • Assessed Improvements Value: $194,500

    Sales

  • Current Sale Contract Date: Mar 27, 2017
  • Current Sale Recording Date: Apr 04, 2017
  • Current Sale Transaction ID: 1807638755
  • Current Sale Price: $20,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 170000854
  • Previous Sale Recording Date: May 08, 2006
  • Previous Sale Amount: $267,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BRIDGEWAY FINANCIAL LLC
  • First Mortgage Transaction Date: Apr 04, 2017
  • First Mortgage Loan Amount: $100,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: FIRST RESIDENTIAL MORTGAG
  • Previous Mortgage Transaction Date: May 08, 2006
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $272,740
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Franklin



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Frequently Asked Questions

What neighborhood is 100 Homestead Road located in?
The 100 Homestead Road is a located in the neighborhood of Franklin in Franklin, Franklin.
What is the average sales price for listings in 100 Homestead Road?
The average sales price for units in 100 Homestead Road is $0 currently.

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