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Prince Edward
48 Mill Creek Road
$120,000
● House - Off Market

48 Mill Creek Road

Meherrin, VA 23954
bedrooms
3 Beds
bathrooms
2 Baths
$132,999
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

***MOVE-IN READY OR INVESTMENT OPPORTUNITY*** Fully furnished but can also be arranged to have everything removed. Currently vacant since June. Other than updating, the property is in no need of any major fixes. Roof is only 3 years old and flooring is fairly new. This 1,344 sqft single family modular home has 3 bedrooms, 2 full bathrooms and sits on a 1.229 acre lot. Closest body of water is Mountain Creek. Approximately 14 miles S from Hampden Sydney, 65 miles SE from Lynchburg, and 66 miles SW from Richmond, VA.
Unit Size
-
Days on Market
20 days
Land Size
1.23 acres
Price per sqft
-
Property Type
House
Property Taxes
$37
HOA Dues
-
Year Built
1989

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (CVRMLS #2326331)

Price History

Date / Event Date Event Price
Nov 16, 2023 Sold
Premium
Sold
Oct 26, 2023 Listed by XRealty.NetLLC $132,999
Listed by XRealty.NetLLC

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 440
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 53,492
  • Total Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001228
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: STREET

Neighborhood

  • School District Name: Prince Edward County Public Schools
  • Census Tract: 930301

Geography

  • Account Number: 14137
  • District: 4
  • Parcel: 115 A 63
  • Municipality: LEIGH
  • Latitude: 37.1192
  • Longitude: -78.3389

    Address

  • Full Address: 48 Mill Creek Rd
  • Address - House Number: 48
  • Address - Street Name: Mill Creek
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Meherrin
  • Carrier Code: R002
  • 4-Digit Zip Code: 3117
  • Zip Code: 23954

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $44,640

    Appraisal Valuation

  • Standard Deviation: 0.2498
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 64
  • Final Value: 134,460
  • High Value: 168,058
  • Low Value: 100,861

    Market Valuation

  • Market Total Value: $93,000
  • Market Land Value: $11,700
  • Market Improvement Value: $81,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $93,000
  • Assessed Land Value: $11,700
  • Assessed Improvements Value: $81,300

    Sales

  • Current Sale Contract Date: Nov 08, 2023
  • Current Sale Recording Date: Nov 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1711
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Prince Edward

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$193

Below Asking

0.01%

Average Days on Market

59

Average Home Size

1983 ft²

Average Home Age

33.1 years

Currently For Sale

34 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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CVR

Listed by: Norman Domingo, XRealty.NetLLC
Last Updated: 3 years ago
Data Source: CVRMLS , MLS# 2326331
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Courtesy First Choice Realty.
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703

Frequently Asked Questions

When was property at 48 Mill Creek Road built and last sold?
The property at 48 Mill Creek Road was built in 1989 and last sold on Nov 8, 2023 for $120,000.
How much is this home worth?
The estimated value of the home located at 48 Mill Creek Road is $0.
What are some comparable homes to 48 Mill Creek Road?
There are currently no comparable homes to 48 Mill Creek Road.
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