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1238 Pechin Avenue Southeast

1238 Pechin Avenue Southeast, Roanoke, VA 24013
Property in Morningside
Sold Oct 31, 2019
$116,000
$110,500 by Valleystar Credit Union
Mortgage
Sold Dec 16, 2016
$102,000
$76,500 by Member One Fcu
Mortgage Due Jan 01, 2047
1238 Pechin Avenue Southeast has been categorized by the local assessors in Roanoke, VA as a residential type of property. The building on the property was first built in 1989 and is 35 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1238 Pechin Avenue Southeast has 1,792 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 4,774 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as good. 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 cathedral style roof made of composition shingle. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing a heating system. The property was last sold in Oct 22, 2019 for $116,000. That's $64.73 per sqft. Prior to that sales transaction, the property was also sold in Dec 14, 2016 for $102,000. 1238 Pechin Avenue Southeast was last assessed in 2023. The total value of the property was assessed at $124,300. Specifically, the land the property is located on was valued at $15,500. While improvements on the property were assessed at a total of $108,800. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $1,516. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Good
  • Construction Type: Wood
  • Building Style: Multifamily
  • Roof Shape Type: Cathedral
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,774
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,792
  • Building Area: 1,792
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,792
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MORNINGSIDE HEIGHTS CORPORATION
  • Land Acres: 0.11
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: LOT 25 BLK 13 MORNINGSIDE

Ownership

  • Current Owner : ARBOGAST MARK
  • Current Owner 2: ARBOGAST ANNA M
  • Previous Owner : SIYUFY ALEX M
  • Owner Before Previous Owner: ELLIS RENTAL PROPERTIES LLC

Neighborhood

  • School District Name: Roanoke City Public Schools
  • Census Tract: 002700

Zoning

  • Zoning: RM-1

Geography

  • Parcel: 413-1216
  • Block: 13
  • Lot: 25
  • Municipality: ROANOKE CITY
  • Latitude: 37.2605
  • Longitude: -79.9204

    Address

  • Full Address: 1238 Pechin Ave Se
  • Address - House Number: 1238
  • Street Segment Direction: SE
  • Address - Street Name: Pechin
  • Address - Suffix Type: Ave
  • State: VA
  • City Name: Roanoke
  • Carrier Code: C033
  • 4-Digit Zip Code: 2812
  • Zip Code: 24013

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,516

    Appraisal Valuation

  • Standard Deviation: 0.1407
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 71
  • Final Value: 149,564
  • High Value: 170,609
  • Low Value: 128,518

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $110,500
  • First Open Lien Mortgage Lender: VALLEYSTAR CREDIT UNION
  • First Open Lien Mortgage Recording Date: May 13, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $110,500
  • 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: $124,300
  • Market Land Value: $15,500
  • Market Improvement Value: $108,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $124,300
  • Assessed Land Value: $15,500
  • Assessed Improvements Value: $108,800

    Sales

  • Current Sale Contract Date: Oct 22, 2019
  • Current Sale Recording Date: Oct 31, 2019
  • Current Sale Transaction ID: 11676835552
  • Current Sale Price: $116,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 190010920
  • Previous Sale Recording Date: Dec 16, 2016
  • Previous Sale Contract Date: Dec 14, 2016
  • Previous Sale Amount: $102,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FREEDOM FIRST FCU
  • First Mortgage Transaction Date: Oct 31, 2019
  • First Mortgage Loan Amount: $92,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Credit Line (Revolving)

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: MEMBER ONE FCU
  • Previous Mortgage Transaction Date: Dec 16, 2016
  • Previous Mortgage Loan Amount: $76,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jan 01, 2047

About Morningside



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Frequently Asked Questions

What neighborhood is 1238 Pechin Avenue Southeast located in?
The 1238 Pechin Avenue Southeast is a located in the neighborhood of Morningside in Morningside, Roanoke.
What is the average sales price for listings in 1238 Pechin Avenue Southeast?
The average sales price for units in 1238 Pechin Avenue Southeast is $0 currently.

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