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Greensville
1322 Spangler Lane
$80,000 - $90,000
● House - Off Market

1322 Spangler Lane

Freeman, VA 23856
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,404 Ft²

About This Property

Sitting on a little over 1 acre of land located right off of Highway 58 between Lawrenceville and Emporia, this home offers 3 bedrooms, 2 baths and central heat/air. Renovations were started but not completed. This property needs work and determined by your own due diligence. Sold as-is and will not qualify for FHA, VA or USDA financing. All showings and offers need proof of funds or prequalification. Listing company represents the Seller only. Call or contact your Realtor representative with all questions, to view and purchase.

The manager has listed the unit size as 1404 square feet.
Unit Size
1,404 Ft²
Days on Market
-
Land Size
1.02 acres
Price per sqft
$57
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1975

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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.

Price History

Date / Event Date Event Price
Jun 13, 2024 No longer available -
No longer available
Apr 14, 2024 In contract -
In contract
Mar 31, 2024 Listed $80,000
Listed
Nov 28, 2022 Sold
Premium
Sold
Oct 4, 2022 Listed $44,900
Listed
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 324
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,213
  • Total Building Area: 1,080
  • Gross Building Area: 1,080
  • Building Area: 1,080
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,080
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001015
  • Standard Land Use Code: 1001
  • County Land Use Code: 10
  • Legal Description 1: LOT 238.30 FT W SIDE SPANGLER LANE ST HWY 698 DB 238/375 INST220000447;220000892 1.015 ACRES

Neighborhood

  • School District Name: Greensville County Public Schools
  • Census Tract: 880101

Zoning

  • Zoning: R1-B

Geography

  • Account Number: 203
  • Parcel: 13 20G
  • Municipality: NOTTOWAY
  • Latitude: 36.7598
  • Longitude: -77.6492

    Address

  • Full Address: 1322 Spangler Ln
  • Address - House Number: 1322
  • Address - Street Name: Spangler
  • Address - Suffix Type: Ln
  • State: VA
  • City Name: Freeman
  • Carrier Code: R081
  • 4-Digit Zip Code: 2338
  • Zip Code: 23856

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $56,079

    Appraisal Valuation

  • Standard Deviation: 0.439
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 12
  • Final Value: 122,874
  • High Value: 176,822
  • Low Value: 68,925

    Market Valuation

  • Market Total Value: $83,700
  • Market Land Value: $17,000
  • Market Improvement Value: $66,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $83,700
  • Assessed Land Value: $17,000
  • Assessed Improvements Value: $66,700

    Sales

  • Current Sale Contract Date: Nov 01, 2022
  • Current Sale Recording Date: Nov 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 1396
  • Previous Sale Recording Date: Jun 29, 2022
  • Previous Sale Contract Date: Jun 08, 2022
  • Previous Sale Amount: $27,854
  • Previous Sale Document Type: 27
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 Greensville

Stats & Trends

Median Asking:

$187,000

Sale Price/ft²

$147

Below Asking

0.02%

Average Days on Market

46

Average Home Size

1555 ft²

Average Home Age

43.4 years

Currently For Sale

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

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Frequently Asked Questions

When was property at 1322 Spangler Lane built and last sold?
The property at 1322 Spangler Lane was built in 1975 and last sold on Nov 1, 2022 for $45,000.
How much is this home worth?
The estimated value of the home located at 1322 Spangler Lane is $0.
What are some comparable homes to 1322 Spangler Lane?
There are currently no comparable homes to 1322 Spangler Lane.
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