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2987 Dry Hill Road

2987 Dry Hill Road, Ferrum, VA 24088
Property in Franklin
Sold Oct 06, 2005
$82,000
$109,000 by Movement Mortgage
Mortgage Due Jul 01, 2036
2987 Dry Hill Road in Ferrum, VA was first built in 1980 and is 44 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 2987 Dry Hill Road has 1,400 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 600 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 132,902 square feet.

Learn more about the property and building on this page. There is a porch. The home has a gable style roof made of composition shingle. Water for the property is sourced from a well system. The property is not connected to a municipal sewage system. Instead, it is connected to a septic system which you will need to handle on your own. For those who need parking, there is a carport. There is one available parking space. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heat pump and being fueled with electricity. 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, 2987 Dry Hill Road was last sold in Sep 29, 2005 for $82,000. According to our calculations, that's $58.57 per sqft. Current property owners are expected to pay $876 in taxes per year. The property on 2987 Dry Hill Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $143,600. To break that down further, the land itself was valued at $24,100. While improvements to the property were assessed at a total of $119,500. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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

  • Year Built: 1980
  • Effective Year Built: 1980
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Type: Finished improved basement
  • Basement Area: 600
  • Garage Type: Carport
  • Parking Space Count: 1
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 132,902
  • Total Building Area: 1,400
  • Building Area: 1,400
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,400
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Land Acres: 3.051
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: RT 789-DRY HILL RD

Ownership

  • Current Owner : EQUITY TRUSTEES LLC
  • Previous Owner : MCKINNEY BRUCE
  • Previous Owner 2: MARTIN MCKINNEY LINDA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Franklin County Public Schools
  • Census Tract: 020600

Zoning

  • Zoning: NZ

Geography

  • Parcel: 078 00-090 02
  • Municipality: BLUE RIDGE
  • Latitude: 36.9263
  • Longitude: -80.1256

    Address

  • Full Address: 2987 Dry Hill Rd
  • Address - House Number: 2987
  • Address - Street Name: Dry Hill
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Ferrum
  • Carrier Code: R003
  • 4-Digit Zip Code: 3206
  • Zip Code: 24088

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $876

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 249,474
  • High Value: 313,239
  • Low Value: 185,709

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $109,000
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE
  • First Open Lien Mortgage Recording Date: Jun 22, 2021
  • First Open Lien Mortgage Loan Amount: $109,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2036

    Market Valuation

  • Market Total Value: $143,600
  • Market Land Value: $24,100
  • Market Improvement Value: $119,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $143,600
  • Assessed Land Value: $24,100
  • Assessed Improvements Value: $119,500

    Sales

  • Current Sale Contract Date: Sep 29, 2005
  • Current Sale Recording Date: Oct 06, 2005
  • Current Sale Transaction ID: 1115413696
  • Current Sale Price: $82,000
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Current Sale Input Document Number: 050012129

About Franklin



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Frequently Asked Questions

What neighborhood is 2987 Dry Hill Road located in?
The 2987 Dry Hill Road is a located in the neighborhood of Franklin in Franklin, Ferrum.
What is the average sales price for listings in 2987 Dry Hill Road?
The average sales price for units in 2987 Dry Hill Road is $0 currently.

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