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3061 Lockett Road

3061 Lockett Road, Rice, VA 23966
Property in Prince Edward
Sold Nov 24, 2014
$179,500
$143,600 by Branch Banking & Trust Co
Mortgage Due Nov 24, 2044
3061 Lockett Road has been categorized by the local assessors in Rice, VA as a residential type of property. The building on the property was first built in 1982 and is 42 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. In addition, 3061 Lockett Road has 1,849 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 650,786 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 400 sqft. Moving on to the building itself. The condition of the building has been evaluated as average. 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 brick control joints. The exterior walls of the building are made of brick. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a municipal system. The property is connected to a septic system and not a municipal sewage system. The homeowner of this property will need to handle their own water disposal. 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, 3061 Lockett Road was last sold in Jan 1, 1970 for $179,500. According to our calculations, that's $97.08 per sqft. Current property owners are expected to pay $1,135 in taxes per year. The property on 3061 Lockett Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $236,500. To break that down further, the land itself was valued at $51,900. While improvements to the property were assessed at a total of $184,600. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1982
  • Effective Year Built: 1982
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Brick
  • Exterior Walls Type: Brick
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 400
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 650,786
  • Total Building Area: 1,849
  • Building Area: 1,849
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,849
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 14.94
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ATKINS LOT M

Ownership

  • Current Owner : NEUBERGER EDWARD P
  • Previous Owner : BULLOCK DAVID E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Prince Edward County Public Schools
  • Census Tract: 930102

Geography

  • Account Number: 11296
  • District: 5
  • Parcel: 027 2 M
  • Lot: M
  • Municipality: LOCKETT
  • Latitude: 37.3117
  • Longitude: -78.2796

    Address

  • Full Address: 3061 Lockett Rd
  • Address - House Number: 3061
  • Address - Street Name: Lockett
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Rice
  • Carrier Code: R081
  • 4-Digit Zip Code: 2355
  • Zip Code: 23966

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,135

    Appraisal Valuation

  • Standard Deviation: 0.2498
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 64
  • Final Value: 350,652
  • High Value: 438,273
  • Low Value: 263,032

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $143,600
  • First Open Lien Mortgage Lender: BRANCH BANKING & TRUST CO
  • First Open Lien Mortgage Recording Date: Nov 24, 2014
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $143,600
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 24, 2044

    Market Valuation

  • Market Total Value: $236,500
  • Market Land Value: $51,900
  • Market Improvement Value: $184,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $236,500
  • Assessed Land Value: $51,900
  • Assessed Improvements Value: $184,600

    Sales

  • Current Sale Recording Date: Nov 24, 2014
  • Current Sale Transaction ID: 1187037396
  • Current Sale Price: $179,500
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BRANCH BANKING & TRUST CO
  • First Mortgage Transaction Date: Nov 24, 2014
  • First Mortgage Loan Amount: $143,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Prince Edward



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Frequently Asked Questions

What neighborhood is 3061 Lockett Road located in?
The 3061 Lockett Road is a located in the neighborhood of Prince Edward in Prince Edward, Rice.
What is the average sales price for listings in 3061 Lockett Road?
The average sales price for units in 3061 Lockett Road is $0 currently.

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