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501 Tranquility Road

501 Tranquility Road, Moneta, VA 24121
Property in Franklin
501 Tranquility Road has been categorized by the local assessors in Moneta, VA as a type of property. The building on the property was first built in 2018 and is 8 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 100 stories. In addition, 501 Tranquility Road has 2,706 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 78,756 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a for those who require parking. The garage measured 1,120 sqft. According to our sources, there are a total of 4 available parking spaces. Residents will have the luxury of enjoying a . Love to swim? You'll be excited to find out that there is a on the property. Moving on to the building itself. The condition of the building has been evaluated as . The building has a style roof made of . While the interior walls have been made of . As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with at the moment. In terms of heating, it is utilizing and being fueled with . There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from system. The property is connected to a septic system and not a municipal sewage system. The homeowner of this property will need to handle their own water disposal. 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, 501 Tranquility Road sold most recently in Aug 29, 2022 for a total of $2,400,000. If you work out the math, that's approximately a cost of $886.92 per sqft. Before that, the property was also sold for $600,000 in Feb 10, 2017. 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 $663,132 in taxes each year. 501 Tranquility Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,087,100. If we break it down further, the land itself was valued at $511,500. Improvements to the property, however, were assessed at a total of $575,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

Building Features

Exterior

Stone Exterior

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20220630
06/30/2022
4 Bed
4 Bath
3111 ft²
$2,500,000
bedrooms
4 Bed
bathrooms
4 Bath
square feet
3111 ft²
-
-
JANE SULLIVAN HORNE
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE


Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 1,120
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 4
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 78,756
  • Total Building Area: 2,706
  • Building Area: 2,706
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 2,706
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001808
  • Standard Land Use Code: 1001
  • County Land Use Code: 10
  • Legal Description 1: RT 711-TRANQUILITY ROAD

Neighborhood

  • School District Name: Franklin County Public Schools
  • Census Tract: 020104

Zoning

  • Zoning: R1

Geography

  • Parcel: 048 00-042 03
  • Municipality: GILLS CREEK
  • Latitude: 37.0456
  • Longitude: -79.6135

    Address

  • Full Address: 501 Tranquility Rd
  • Address - House Number: 501
  • Address - Street Name: Tranquility
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Moneta
  • Carrier Code: R009
  • 4-Digit Zip Code: 5203
  • Zip Code: 24121

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $663,132
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2442
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 2,180,502
  • High Value: 2,713,179
  • Low Value: 1,647,826

    Market Valuation

  • Market Total Value: $1,087,100
  • Market Land Value: $511,500
  • Market Improvement Value: $575,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,087,100
  • Assessed Land Value: $511,500
  • Assessed Improvements Value: $575,600

    Sales

  • Current Sale Contract Date: Aug 29, 2022
  • Current Sale Recording Date: Sep 02, 2022
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 6642
  • Previous Sale Recording Date: Feb 16, 2017
  • Previous Sale Contract Date: Feb 10, 2017
  • Previous Sale Amount: $600,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

About North Shore



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Frequently Asked Questions

What neighborhood is 501 Tranquility Road located in?
The 501 Tranquility Road is a house located in the neighborhood of Franklin in North Shore, Moneta.
What is the average sales price for listings in 501 Tranquility Road?
The average sales price for units in 501 Tranquility Road is $0 currently.