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500 Vaughans Lane

500 Vaughans Lane, Franklin, VA 23851
Property in Franklin
Sold Mar 31, 2020
$177,000
$177,000 by Bronco Federal Credit Union
Mortgage
Sold Aug 14, 2015
$100,000
$96,000 by Bronco Federal Credit Union
Mortgage
500 Vaughans Lane in Franklin, VA was first built in 1992 and is 32 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 9 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 500 Vaughans Lane has 1,560 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 26,180 square feet.

Learn more about the property and building on this page. There is a porch. 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 no garage. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. 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 hot water heating system and being fueled with electricity. 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, 500 Vaughans Lane sold most recently in Mar 27, 2020 for a total of $177,000. If you work out the math, that's approximately a cost of $113.46 per sqft. Before that, the property was also sold for $100,000 in Aug 6, 2015. 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 $1,747 in taxes each year. 500 Vaughans Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $169,600. If we break it down further, the land itself was valued at $40,300. Improvements to the property, however, were assessed at a total of $129,300. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1992
  • Effective Year Built: 1992
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Tile
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 26,180
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,560
  • Building Area: 1,560
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 1,560
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SWAN ESTATE
  • Land Acres: 0.601
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: SWAN ESTATE LOT 35 0 601 ACRES 022-(191)-35

Ownership

  • Current Owner : HILL LAMONT J
  • Current Owner 2: HILL WHITNEY S
  • Previous Owner : HYATT PETER CLAYTON
  • Owner Before Previous Owner: THE SECRETARY OF HUD OF WASHINGTON DC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Franklin City Public Schools
  • Census Tract: 090100

Zoning

  • Zoning: RO

Geography

  • Account Number: 1145
  • Parcel: 022 191 35
  • Lot: 35
  • Municipality: FRANKLIN DISTRICT
  • Latitude: 36.7066
  • Longitude: -76.9544

    Address

  • Full Address: 500 Vaughans Ln
  • Address - House Number: 500
  • Address - Street Name: Vaughans
  • Address - Suffix Type: Ln
  • State: VA
  • City Name: Franklin
  • Carrier Code: C003
  • 4-Digit Zip Code: 2978
  • Zip Code: 23851

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,747

    Appraisal Valuation

  • Standard Deviation: 0.1112
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 77
  • Final Value: 134,970
  • High Value: 149,991
  • Low Value: 119,948

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $177,000
  • First Open Lien Mortgage Lender: BRONCO FEDERAL CREDIT UNION
  • First Open Lien Mortgage Recording Date: Mar 31, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $177,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA

    Market Valuation

  • Market Total Value: $169,600
  • Market Land Value: $40,300
  • Market Improvement Value: $129,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $169,600
  • Assessed Land Value: $40,300
  • Assessed Improvements Value: $129,300

    Sales

  • Current Sale Contract Date: Mar 27, 2020
  • Current Sale Recording Date: Mar 31, 2020
  • Current Sale Transaction ID: 11761186628
  • Current Sale Price: $177,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 200000813
  • Previous Sale Recording Date: Aug 14, 2015
  • Previous Sale Contract Date: Aug 06, 2015
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BRONCO FEDERAL CREDIT UNION
  • First Mortgage Transaction Date: Mar 31, 2020
  • First Mortgage Loan Amount: $177,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: BRONCO FEDERAL CREDIT UNION
  • Previous Mortgage Transaction Date: Aug 14, 2015
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $96,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 500 Vaughans Lane located in?
The 500 Vaughans Lane is a located in the neighborhood of Franklin in Franklin, Franklin.
What is the average sales price for listings in 500 Vaughans Lane?
The average sales price for units in 500 Vaughans Lane is $0 currently.

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