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525 Rachel Drive

525 Rachel Drive, Penn Laird, VA 22846
Property in Rockingham
Sold Aug 22, 2019
$175,000
$243,000 by C&f Mortgage Corp
Mortgage Due Dec 01, 2047
Sold Nov 06, 2017
$324,000
$243,000 by C&f Mortgage Corp
Mortgage Due Dec 01, 2047
525 Rachel Drive has been categorized by the local assessors in Penn Laird, VA as a residential type of property. The building on the property was first built in 2015 and is 9 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 525 Rachel Drive has 2,334 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 11,848 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 attached garage for those who require parking. The garage measured 400 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as good. The building has a hip style roof made of composition shingle. The exterior walls of the building are made of a combination of material. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heat pump and being fueled with electricity. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in Aug 20, 2019 for $175,000. That's $74.98 per sqft. Prior to that sales transaction, the property was also sold in Nov 1, 2017 for $324,000. 525 Rachel Drive was last assessed in 2023. The total value of the property was assessed at $424,900. Specifically, the land the property is located on was valued at $60,000. While improvements on the property were assessed at a total of $364,900. 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 $2,889. 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! 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: 2015
  • Effective Year Built: 2015
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Exterior Walls Type: Combination
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Type: Unspecified basement
  • Basement Area: 100
  • Parking Type: Unimproved
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 11,848
  • Total Building Area: 2,334
  • Building Area: 2,334
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 2,334
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.272
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MADISON VILLAGE S4 L133

Ownership

  • Current Owner : CHEN ZENG LIANG
  • Previous Owner : HURTADO DIAZ JUAN J
  • Owner Before Previous Owner: THOMPSON CHRISTOPHER P
  • Owner Before Previous Owner 2: THOMPSON LAURA A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Rockingham County Public Schools
  • Census Tract: 011802

Zoning

  • Zoning: GENERAL RE

Geography

  • Account Number: 50133
  • District: 3
  • Parcel: 126B-(6)- L133
  • Municipality: CENTRAL
  • Latitude: 38.3971
  • Longitude: -78.8164

    Address

  • Full Address: 525 Rachel Dr
  • Address - House Number: 525
  • Address - Street Name: Rachel
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Penn Laird
  • Carrier Code: R071
  • 4-Digit Zip Code: 2048
  • Zip Code: 22846

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,889

    Appraisal Valuation

  • Standard Deviation: 0.2187
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 70
  • Final Value: 494,012
  • High Value: 602,101
  • Low Value: 385,923

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $243,000
  • First Open Lien Mortgage Lender: C&F MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Nov 06, 2017
  • First Open Lien Mortgage Loan Amount: $243,000
  • 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: Dec 01, 2047

    Market Valuation

  • Market Total Value: $424,900
  • Market Land Value: $60,000
  • Market Improvement Value: $364,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $424,900
  • Assessed Land Value: $60,000
  • Assessed Improvements Value: $364,900

    Sales

  • Current Sale Contract Date: Aug 20, 2019
  • Current Sale Recording Date: Aug 22, 2019
  • Current Sale Transaction ID: 11638637338
  • Current Sale Price: $175,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2019-20667
  • Previous Sale Recording Date: Nov 06, 2017
  • Previous Sale Contract Date: Nov 01, 2017
  • Previous Sale Amount: $324,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: C&F MORTGAGE CORP
  • Previous Mortgage Transaction Date: Nov 06, 2017
  • Previous Mortgage Loan Amount: $243,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2047

About Massanetta Springs



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Frequently Asked Questions

What neighborhood is 525 Rachel Drive located in?
The 525 Rachel Drive is a located in the neighborhood of Rockingham in Massanetta Springs, Penn Laird.
What is the average sales price for listings in 525 Rachel Drive?
The average sales price for units in 525 Rachel Drive is $0 currently.

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