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Tazewell 24651
115 Thompson ST
$1,450,000
● Commercial - Off Market

115 Thompson ST

Tazewell, VA 24651
bedrooms
Studio
bathrooms
0 Bath
$9,555
Est. Monthly
-1.52%
Cap Rate

About This Property

This beautiful historic mansion, constructed in 1859, is situated on a 3-acre lot within walking distance of the Tazewell main street area. It contains 10 beautiful bedrooms, 5 bathrooms, a well-appointed kitchen, a luxurious dining room, a comfortable living room, and a sunny game room. The interior of the house is focused around a large central hallway serving as the main avenue of traffic and providing entrance to the adjacent rooms. Three bedrooms are situated on the ground floor, along with the kitchen, dining room, living room, and game room. The central hallway flows into a wide staircase that provides access to an upper landing area where you find a cozy sitting area and access to three more of the bedrooms before ascending to the second floor. This is one of a kind, come see today
Unit Size
-
Days on Market
-
Land Size
3.17 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$2,435
HOA Dues
-
Year Built
1867

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (RVARVA #897256)

Price History

Date / Event Date Event Price
Apr 7, 2023 Listed by Lyons Team Brokerage Firm LLC $1,450,000
Listed by Lyons Team Brokerage Firm LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1867
  • Effective Year Built: 1867
  • Total Rooms: 17
  • Bedroom Count: 7
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 6
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 200
  • Floor Cover: 15
  • Basement Type: 9
  • Basement Area: 3,500
  • Garage Type: 7
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 137,955
  • Lot Size Frontage Feet: 0
  • Total Building Area: 7,440
  • Building Area: 7,440
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 7,440
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003167
  • Standard Land Use Code: 1001
  • County Land Use Code: 10
  • Legal Description 1: 3.167 ACRES +- MARION AVENUE

Neighborhood

  • School District Name: Tazewell County Public Schools
  • Census Tract: 020700

Geography

  • Account Number: 17526
  • District: 08
  • Parcel: 094B4A 0041,0041A
  • Municipality: TOWN OF TAZEWELL
  • Latitude: 37.1118
  • Longitude: -81.518

    Address

  • Full Address: 115 Thompson St
  • Address - House Number: 115
  • Address - Street Name: Thompson
  • Address - Suffix Type: St
  • State: VA
  • City Name: Tazewell
  • Carrier Code: C001
  • 4-Digit Zip Code: 1528
  • Zip Code: 24651

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $295,742

    Appraisal Valuation

  • Standard Deviation: 0.1616
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 79
  • Final Value: 696,128
  • High Value: 808,634
  • Low Value: 583,621

    Market Valuation

  • Market Total Value: $509,900
  • Market Land Value: $90,000
  • Market Improvement Value: $419,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $509,900
  • Assessed Land Value: $90,000
  • Assessed Improvements Value: $419,900
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Tazewell

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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View Original Listing by Lyons Team Brokerage Firm LLC (540) 297-7777
ARVA-897256 Copyright © 2024 Roanoke Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Listing Status: Active

Frequently Asked Questions

When was property at 115 Thompson Street built and last sold?
The property at 115 Thompson Street was built in 1867 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 115 Thompson Street is $1,464,500.
What are some comparable homes to 115 Thompson Street?
There are currently no comparable homes to 115 Thompson Street.
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