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518 Mountain Avenue Southwest

518 Mountain Avenue Southwest, Roanoke, VA 24016
Property in Old Southwest
Sold May 03, 2021
$260,000
$208,000 by Bank Of The James
Mortgage Due May 01, 2051
Sold Feb 04, 2010
$60,000
Local assessors in Roanoke, VA have categorized 518 Mountain Avenue Southwest as a residential type of property. The home was built in 1920 and is 104 years old. The property's lot size has been calculated to be 6,490 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 518 Mountain Avenue Southwest has a total of 2,968 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. The building has a gable or hip style roof that was made of metal. Lots of wood siding were used in the construction of the exterior walls of the home. Residents rely on no air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Apr 29, 2021 for $260,000. That's $87.60 per sqft. Prior to that sales transaction, the property was also sold in Jan 29, 2010 for $60,000. 518 Mountain Avenue Southwest was last assessed in 2023. The total value of the property was assessed at $262,800. Specifically, the land the property is located on was valued at $32,800. While improvements on the property were assessed at a total of $230,000. 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 $3,206. The initial tax year of delinquency was in 2020. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Good
  • Construction Type: Wood
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Metal
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 500
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,490
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,968
  • Building Area: 2,968
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,968
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LEWIS ADDITION
  • Land Acres: 0.149
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 9 BLK 15 LEWIS

Ownership

  • Current Owner : EPPERSON CARLA D
  • Current Owner 2: COTTINGHAM PHILIP W
  • Previous Owner : J & J HOLDINGS OF ROANOKE LLC
  • Owner Before Previous Owner: WILBORNE TIMOTHY W
  • Owner Before Previous Owner 2: WILBURN TIMOTHY W
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Roanoke City Public Schools
  • Census Tract: 001200

Zoning

  • Zoning: RM-1

Geography

  • Parcel: 112-1111
  • Block: 15
  • Lot: 9
  • Municipality: ROANOKE CITY
  • Latitude: 37.2661
  • Longitude: -79.9515

    Address

  • Full Address: 518 Mountain Ave Sw
  • Address - House Number: 518
  • Street Segment Direction: SW
  • Address - Street Name: Mountain
  • Address - Suffix Type: Ave
  • State: VA
  • City Name: Roanoke
  • Carrier Code: C015
  • 4-Digit Zip Code: 3908
  • Zip Code: 24016

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,206
  • Intital Tax Deliquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.2636
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 62
  • Final Value: 364,884
  • High Value: 461,100
  • Low Value: 268,668

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $208,000
  • First Open Lien Mortgage Lender: BANK OF THE JAMES
  • First Open Lien Mortgage Recording Date: May 03, 2021
  • First Open Lien Mortgage Loan Amount: $208,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2051

    Market Valuation

  • Market Total Value: $262,800
  • Market Land Value: $32,800
  • Market Improvement Value: $230,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $262,800
  • Assessed Land Value: $32,800
  • Assessed Improvements Value: $230,000

    Sales

  • Current Sale Contract Date: Apr 29, 2021
  • Current Sale Recording Date: May 03, 2021
  • Current Sale Transaction ID: 11833700137
  • Current Sale Price: $260,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 210005452
  • Previous Sale Recording Date: Feb 04, 2010
  • Previous Sale Contract Date: Jan 29, 2010
  • Previous Sale Amount: $60,000
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF THE JAMES
  • First Mortgage Transaction Date: May 03, 2021
  • First Mortgage Loan Amount: $208,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

About Old Southwest



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Frequently Asked Questions

What neighborhood is 518 Mountain Avenue Southwest located in?
The 518 Mountain Avenue Southwest is a located in the neighborhood of Old Southwest in Old Southwest, Roanoke.
What is the average sales price for listings in 518 Mountain Avenue Southwest?
The average sales price for units in 518 Mountain Avenue Southwest is $0 currently.

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