5117 Hot Springs Road

5117 Hot Springs Road has been categorized by the local assessors in Hot Springs, VA as a residential type of property. The building on the property was first built in 1985 and is 39 years old. The home has a total of 4 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5117 Hot Springs Road has 3,596 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 24,810,469 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 mixed used garage for those who require parking. The garage measured 4,688 sqft. According to our sources, there are a total of 18 available parking spaces. Residents will have the luxury of enjoying a porch. Love to swim? You'll be excited to find out that there is a spa or hot tub but no pool on the property. Moving on to the building itself. The condition of the building has been evaluated as poor. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of stucco. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with electricity. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a well 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. The property was last sold in Apr 26, 2023 for $2,600,000. That's $723.03 per sqft. Prior to that sales transaction, the property was also sold in Sep 25, 2008 for $2,250,000. 5117 Hot Springs Road was last assessed in 2023. The total value of the property was assessed at $1,345,800. Specifically, the land the property is located on was valued at $711,000. While improvements on the property were assessed at a total of $634,800. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $9,824. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.