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401 Raines Tavern Road

401 Raines Tavern Road, Farmville, VA 23901
Property in Cumberland
Sold Mar 31, 2016
$640,000
$490,700 by Colonial Farm Credit Aca
Mortgage
401 Raines Tavern Road in Farmville, VA was first built in 1989 and is 35 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 conventional style. 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 3 partial bathrooms. In total, the area measurement of the land is 3,510,500 square feet.

Learn more about the property and building on this page. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 401 Raines Tavern Road sold most recently in Mar 30, 2016 for a total of $640,000. 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 $5,344 in taxes each year. 401 Raines Tavern Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $682,590. If we break it down further, the land itself was valued at $255,390. Improvements to the property, however, were assessed at a total of $427,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1989
  • Effective Year Built: 1989
  • Building Count: 2
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Conventional
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,510,500
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 80.59
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : LAPP SAMUEL E
  • Current Owner 2: LAPP SALOME F
  • Previous Owner : SLOAN DAVID W
  • Previous Owner 2: SLOAN MARY E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Cumberland County Public Schools
  • Census Tract: 930200

Zoning

  • Zoning: A2

Geography

  • Account Number: 15857
  • Parcel: 096 A 1
  • Municipality: RANDOLPH
  • Latitude: 37.374
  • Longitude: -78.4249

    Address

  • Full Address: 401 Raines Tavern Rd
  • Address - House Number: 401
  • Address - Street Name: Raines Tavern
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Farmville
  • Carrier Code: R004
  • 4-Digit Zip Code: 4114
  • Zip Code: 23901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,344

    Appraisal Valuation

  • Standard Deviation: 0.2012
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 72
  • Final Value: 662,793
  • High Value: 796,192
  • Low Value: 529,394

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $490,700
  • First Open Lien Mortgage Lender: COLONIAL FARM CREDIT ACA
  • First Open Lien Mortgage Recording Date: Mar 31, 2016
  • First Open Lien Mortgage Loan Amount: $490,700
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $682,590
  • Market Land Value: $255,390
  • Market Improvement Value: $427,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $682,590
  • Assessed Land Value: $255,390
  • Assessed Improvements Value: $427,200

    Sales

  • Current Sale Contract Date: Mar 30, 2016
  • Current Sale Recording Date: Mar 31, 2016
  • Current Sale Transaction ID: 11709661590
  • Current Sale Price: $640,000
  • Current Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: COLONIAL FARM CREDIT ACA
  • First Mortgage Transaction Date: Mar 31, 2016
  • First Mortgage Loan Amount: $490,700
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

About Cumberland



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Frequently Asked Questions

What neighborhood is 401 Raines Tavern Road located in?
The 401 Raines Tavern Road is a located in the neighborhood of Cumberland in Cumberland, Farmville.
What is the average sales price for listings in 401 Raines Tavern Road?
The average sales price for units in 401 Raines Tavern Road is $0 currently.

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