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Mecklenburg 23970
2729 Plank Road
$300,000
● House - Off Market

2729 Plank Road

South Hill, VA 23970
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
$1,623
Est. Monthly
7.31%
Cap Rate

About This Property

Beautiful well built brick ranch just outside town of South Hill on Plank Rd. Lovely 1+ acre lot with idyllic park like back yard with large wooden porch. Bright kitchen with granite countertops and pine cabinets. There is a formal dining room as well as formal living room and separate family room with a wonderful wood stove insert. Three bedrooms with three full bathrooms, this home is ideal for multifamily living. There is an additional (bonus) room off of the kitchen that could be an office or extra space. Primary bedroom also has very large handicap accessible bathroom. Bright wooden windows with lovely plantation shutters. Slate entryway. Full appliances convey.
Unit Size
-
Days on Market
64 days
Land Size
1.79 acres
Price per sqft
-
Property Type
House
Property Taxes
$76
HOA Dues
-
Year Built
1970

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 2 years ago (CVRMLS #2430161)

Price History

Date / Event Date Event Price
Jan 22, 2025 Sold
Premium
Sold
Dec 4, 2024 In contract -
In contract
Nov 17, 2024 Listed by EXP Realty LLC $315,000
Listed by EXP Realty LLC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1990
  • Total Rooms: 7
  • Bedroom Count: 3
  • Building Condition: 0
  • 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: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 77,972
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,399
  • Building Area: 2,399
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,399
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001790
  • Standard Land Use Code: 1001
  • County Land Use Code: 02
  • Legal Description 1: LOT 1 & LOT A

Neighborhood

  • School District Name: Mecklenburg County Public Schools
  • Census Tract: 930202

Zoning

  • Zoning: AG

Geography

  • Account Number: R018617
  • District: SOUTH HILL D
  • Parcel: 096000-A--015
  • Lot: 1-A
  • Municipality: SOUTH HILL DISTRICT
  • Latitude: 36.7082
  • Longitude: -78.1856

    Address

  • Full Address: 2729 Plank Rd
  • Address - House Number: 2729
  • Address - Street Name: Plank
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: South Hill
  • Carrier Code: R004
  • 4-Digit Zip Code: 5047
  • Zip Code: 23970

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $91,280

    Appraisal Valuation

  • Standard Deviation: 0.4349
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 13
  • Final Value: 266,615
  • High Value: 382,580
  • Low Value: 150,649

    Market Valuation

  • Market Total Value: $228,200
  • Market Land Value: $19,900
  • Market Improvement Value: $208,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $228,200
  • Assessed Land Value: $19,900
  • Assessed Improvements Value: $208,300
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 Mecklenburg

Stats & Trends

Median Asking:

$375,000

Sale Price/ft²

$233

Below Asking

0.02%

Average Days on Market

72

Average Home Size

18529 ft²

Average Home Age

46.7 years

Currently For Sale

42 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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CVR

Listed by: Lisa Novak, EXP Realty LLC
Last Updated: 2 years ago
Data Source: CVRMLS , MLS# 2430161
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Courtesy First Choice Realty.
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703

Frequently Asked Questions

When was property at 2729 Plank Road built and last sold?
The property at 2729 Plank Road was built in 1970 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2729 Plank Road is $318,150.
What are some comparable homes to 2729 Plank Road?
There are currently no comparable homes to 2729 Plank Road.
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