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317 Meadowood Lane

317 Meadowood Lane, Danville, VA 24540
Property in Pittsylvania
Sold Mar 03, 2016
$115,000
$120,000 by Virginia Credit Union Inc
Mortgage Due Aug 01, 2052
Sold Sep 04, 2014
$94,200
$96,122 by American National Bank An
Mortgage
317 Meadowood Lane in Danville, VA was first built in 1962 and is 62 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 5 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 317 Meadowood Lane has 1,170 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. In total, the area measurement of the land is 26,850 square feet.

Learn more about the property and building on this page. The roof of the home is 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. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. 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 into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 317 Meadowood Lane sold most recently in Jan 26, 2016 for a total of $115,000. If you work out the math, that's approximately a cost of $98.29 per sqft. Before that, the property was also sold for $94,200 in Jan 1, 1970. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $767 in taxes each year. 317 Meadowood Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $104,300. If we break it down further, the land itself was valued at $12,000. Improvements to the property, however, were assessed at a total of $92,300. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Construction Type: Wood
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,170
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 26,850
  • Total Building Area: 1,170
  • Building Area: 1,170
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,170
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: MEADOW WOOD (0399)
  • Land Acres: 0.616
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MEADOW WOOD PARK SUBD LOT 32 DB553-107 MAP MB1-32

Ownership

  • Current Owner : SETLIFF JEFFREY W
  • Current Owner 2: BASS HEATHER R
  • Previous Owner : MOTLEY DAVID A
  • Previous Owner 2: MOTLEY CHELSEA T
  • Owner Before Previous Owner: COLLINS LILLIAN P
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Pittsylvania County Public Schools
  • Census Tract: 011301

Zoning

  • Zoning: R-1

Geography

  • Account Number: 231700
  • District: 4
  • Parcel: 2410-60-0861
  • Lot: 32
  • Municipality: BLAIRS
  • Latitude: 36.6594
  • Longitude: -79.4097

    Address

  • Full Address: 317 Meadowood Ln
  • Address - House Number: 317
  • Address - Street Name: Meadowood
  • Address - Suffix Type: Ln
  • State: VA
  • City Name: Danville
  • Carrier Code: C039
  • 4-Digit Zip Code: 1119
  • Zip Code: 24540

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $767
  • Tax Rate Code Area: REAL ESTAT

    Appraisal Valuation

  • Standard Deviation: 0.1378
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 72
  • Final Value: 128,509
  • High Value: 146,225
  • Low Value: 110,792

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $120,000
  • First Open Lien Mortgage Lender: VIRGINIA CREDIT UNION INC
  • First Open Lien Mortgage Recording Date: Jul 11, 2022
  • First Open Lien Mortgage Loan Amount: $120,000
  • 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: Aug 01, 2052

    Market Valuation

  • Market Total Value: $104,300
  • Market Land Value: $12,000
  • Market Improvement Value: $92,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $104,300
  • Assessed Land Value: $12,000
  • Assessed Improvements Value: $92,300

    Sales

  • Current Sale Contract Date: Jan 26, 2016
  • Current Sale Recording Date: Mar 03, 2016
  • Current Sale Transaction ID: 1476206555
  • Current Sale Price: $115,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 160000985
  • Previous Sale Recording Date: Sep 04, 2014
  • Previous Sale Amount: $94,200
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ALCOVA MORTGAGE LLC
  • First Mortgage Transaction Date: Mar 03, 2016
  • First Mortgage Loan Amount: $105,311
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN NATIONAL BANK AN
  • Previous Mortgage Transaction Date: Sep 04, 2014
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $96,122
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Mount Hermon



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Frequently Asked Questions

What neighborhood is 317 Meadowood Lane located in?
The 317 Meadowood Lane is a located in the neighborhood of Pittsylvania in Mount Hermon, Danville.
What is the average sales price for listings in 317 Meadowood Lane?
The average sales price for units in 317 Meadowood Lane is $0 currently.

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