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40 Cedar Avenue

40 Cedar Avenue, Rocky Mount, VA 24151
Property in Franklin
Sold Sep 13, 2021
$140,000
$137,464 by Loandepot.com Llc
Mortgage Due Oct 12, 2051
Sold Feb 24, 2021
$120,000
40 Cedar Avenue in Rocky Mount, VA was first built in 1962 and is 62 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 4 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 40 Cedar Avenue has 900 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 10,968 square feet.

Learn more about the property and building on this page. There is a patio. The home has a gable style roof made of composition shingle. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. 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 forced air unit and being fueled with oil. 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, 40 Cedar Avenue was last sold in Sep 10, 2021 for $140,000. According to our calculations, that's $155.56 per sqft. Prior to that sales transaction, the property was sold for $120,000 in Feb 22, 2021. Current property owners are expected to pay $617 in taxes per year. The property on 40 Cedar Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $101,100. To break that down further, the land itself was valued at $27,000. While improvements to the property were assessed at a total of $74,100. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1962
  • Effective Year Built: 1962
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Unspecified basement
  • Basement Area: 900
  • Garage Type: Carport
  • Parking Space Count: 1
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 10,968
  • Total Building Area: 900
  • Building Area: 900
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 900
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BLUE HILL SUBD
  • Land Acres: 0.252
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: BLUE HILL SUBD

Ownership

  • Current Owner : ALDERMAN ALEX K
  • Previous Owner : ALDERMAN KELLY R
  • Previous Owner 2: ALDERMAN NANCY L
  • Owner Before Previous Owner: CRAGHEAD STEPHEN SCOTT
  • Owner Before Previous Owner 2: CRAGHEAD KIMBERLY P

Neighborhood

  • School District Name: Franklin County Public Schools
  • Census Tract: 020801

Zoning

  • Zoning: R2

Geography

  • Parcel: 207 00-462 00
  • Municipality: TOWN OF ROCKY MOUNT
  • Latitude: 36.995
  • Longitude: -79.8961

    Address

  • Full Address: 40 Cedar Ave
  • Address - House Number: 40
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ave
  • State: VA
  • City Name: Rocky Mount
  • Carrier Code: C002
  • 4-Digit Zip Code: 1225
  • Zip Code: 24151

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $617

    Appraisal Valuation

  • Standard Deviation: 0.2692
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 61
  • Final Value: 173,912
  • High Value: 220,742
  • Low Value: 127,082

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $137,464
  • First Open Lien Mortgage Lender: LOANDEPOT.COM LLC
  • First Open Lien Mortgage Recording Date: Sep 13, 2021
  • First Open Lien Mortgage Loan Amount: $137,464
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Oct 12, 2051

    Market Valuation

  • Market Total Value: $101,100
  • Market Land Value: $27,000
  • Market Improvement Value: $74,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $101,100
  • Assessed Land Value: $27,000
  • Assessed Improvements Value: $74,100

    Sales

  • Current Sale Contract Date: Sep 10, 2021
  • Current Sale Recording Date: Sep 13, 2021
  • Current Sale Transaction ID: 11856755771
  • Current Sale Price: $140,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 210008540
  • Previous Sale Recording Date: Feb 24, 2021
  • Previous Sale Contract Date: Feb 22, 2021
  • Previous Sale Amount: $120,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOANDEPOT.COM LLC
  • First Mortgage Transaction Date: Sep 13, 2021
  • First Mortgage Loan Amount: $137,464
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 12, 2051

About Rocky Mount



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Frequently Asked Questions

What neighborhood is 40 Cedar Avenue located in?
The 40 Cedar Avenue is a located in the neighborhood of Franklin in Rocky Mount, Rocky Mount.
What is the average sales price for listings in 40 Cedar Avenue?
The average sales price for units in 40 Cedar Avenue is $0 currently.

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