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1224 Rives Road

1224 Rives Road, Martinsville, VA 24112
Property in Henry
Sold Aug 17, 2020
$57,000
$49,398 by Valleystar Credit Union
Mortgage
Local assessors in Martinsville, VA have categorized 1224 Rives Road as a residential type of property. The property's lot size has been calculated to be 44,997 square feet. As for the restroom situation, there is one full bathroom. There is also a partial bathroom.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1224 Rives Road was last sold in Aug 13, 2020 for $57,000. Current property owners are expected to pay $464 in taxes per year. The property on 1224 Rives Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $83,600. To break that down further, the land itself was valued at $20,000. While improvements to the property were assessed at a total of $63,600. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 44,997
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.033
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 52.1(016 )000 /001; LOT 1

Ownership

  • Current Owner : BENTON WILLIAM C
  • Previous Owner : LAWSON ERMA L

Neighborhood

  • School District Name: Henry County Public Schools
  • Census Tract: 000100

Zoning

  • Zoning: SR

Geography

  • District: RY
  • Parcel: 129640000
  • Lot: 1
  • Municipality: RIDGEWAY DISTRICT
  • Latitude: 36.6635
  • Longitude: -79.8666

    Address

  • Full Address: 1224 Rives Rd
  • Address - House Number: 1224
  • Address - Street Name: Rives
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Martinsville
  • Zip Code: 24112

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $464

    Appraisal Valuation

  • Standard Deviation: 0.1224
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 75
  • Final Value: 118,471
  • High Value: 132,975
  • Low Value: 103,966

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $49,398
  • First Open Lien Mortgage Lender: VALLEYSTAR CREDIT UNION
  • First Open Lien Mortgage Recording Date: Jan 18, 2023
  • First Open Lien Mortgage Loan Amount: $49,398
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $83,600
  • Market Land Value: $20,000
  • Market Improvement Value: $63,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $83,600
  • Assessed Land Value: $20,000
  • Assessed Improvements Value: $63,600

    Sales

  • Current Sale Contract Date: Aug 13, 2020
  • Current Sale Recording Date: Aug 17, 2020
  • Current Sale Transaction ID: 11784835693
  • Current Sale Price: $57,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 200002757

    Last Sale Mortgage

  • First Mortgage Lender: VALLEYSTAR CREDIT UNION
  • First Mortgage Transaction Date: Aug 17, 2020
  • First Mortgage Loan Amount: $53,550
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Variable

About Henry



Similar Buildings

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Nearby Rentals

Unit for rent at 300b Thomas Heights, Martinsville, VA, 24112

$625 /mo

  • 1 Bed
  • 1 Bath
  • 693 ft²
300b Thomas Heights, Martinsville, VA, 24112 Listing by Beverley Coleman

Frequently Asked Questions

What neighborhood is 1224 Rives Road located in?
The 1224 Rives Road is a located in the neighborhood of Henry in Henry, Martinsville.
What is the average sales price for listings in 1224 Rives Road?
The average sales price for units in 1224 Rives Road is $0 currently.

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