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506 Bedford Avenue

506 Bedford Avenue, Bedford, VA 24523
House in Bedford
Sold Jul 22, 2021
$280,000
$266,000 by Nation One Mortgage Corporatio
Mortgage
506 Bedford Avenue has been categorized by the local assessors in Bedford, VA as a residential type of property. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 506 Bedford Avenue has 3,091 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 16,553 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. Residents will have the luxury of enjoying a open porch. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. The building has a gable style roof made of metal. The exterior walls of the building are made of alum/vinyl siding. In terms of heating, it is utilizing a hot water heating system. 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, 506 Bedford Avenue sold most recently in Jul 21, 2021 for a total of $280,000. If you work out the math, that's approximately a cost of $90.59 per sqft. 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 $1,164 in taxes each year. 506 Bedford Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $141,900. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Construction Type: Wood
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Metal
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 16,553
  • Total Building Area: 3,091
  • Gross Building Area: 3,091
  • Building Area: 3,091
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 3,091
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BEDFORD
  • Land Acres: 0.38
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BEDFORD AVE

Ownership

  • Current Owner : MCCULLOUGH GARY
  • Current Owner 2: MCCULLOUGH-GLADU ARIEL S
  • Previous Owner : COLEMAN NATHALIE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bedford County Public Schools
  • Census Tract: 050102

Geography

  • Parcel: 193 A 86 T
  • Latitude: 37.3378
  • Longitude: -79.5266

    Address

  • Full Address: 506 Bedford Ave
  • Address - House Number: 506
  • Address - Street Name: Bedford
  • Address - Suffix Type: Ave
  • State: VA
  • City Name: Bedford
  • Carrier Code: C005
  • 4-Digit Zip Code: 1922
  • Zip Code: 24523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,164

    Appraisal Valuation

  • Standard Deviation: 0.1663
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 78
  • Final Value: 326,094
  • High Value: 380,327
  • Low Value: 271,860

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $266,000
  • First Open Lien Mortgage Lender: NATION ONE MORTGAGE CORPORATIO
  • First Open Lien Mortgage Recording Date: Jul 22, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $266,000
  • 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: $283,800
  • Market Land Value: $38,000
  • Market Improvement Value: $245,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $141,900

    Sales

  • Current Sale Contract Date: Jul 21, 2021
  • Current Sale Recording Date: Jul 22, 2021
  • Current Sale Transaction ID: 11846779925
  • Current Sale Price: $280,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 210010686

    Last Sale Mortgage

  • First Mortgage Lender: NATION ONE MORTGAGE CORPORATIO
  • First Mortgage Transaction Date: Jul 22, 2021
  • First Mortgage Loan Amount: $266,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Bedford



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Frequently Asked Questions

What neighborhood is 506 Bedford Avenue located in?
The 506 Bedford Avenue is a house located in the neighborhood of Bedford in Bedford, Bedford.
What is the average sales price for listings in 506 Bedford Avenue?
The average sales price for units in 506 Bedford Avenue is $0 currently.

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