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718 Milford Street

718 Milford Street, Marion, VA 24354
House in Smyth
Sold Jan 20, 2021
$147,000
$139,650 by Truist Bank
Mortgage Due Feb 01, 2051
Sold Jun 09, 2020
$145,000
718 Milford Street has been categorized by the local assessors in Marion, VA as a residential type of property. The building on the property was first built in 1966 and is 58 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 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, 718 Milford Street has 1,458 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 17,033 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 carport for those who require parking. The garage measured 376 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 gable style roof made of composition shingle. The exterior walls of the building are made of brick. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heat pump. There is a single fireplace in the home. Perfect for those wintery nights. 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. 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, 718 Milford Street sold most recently in Jan 20, 2021 for a total of $147,000. If you work out the math, that's approximately a cost of $100.82 per sqft. Before that, the property was also sold for $145,000 in Jun 9, 2020. 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 $837 in taxes each year. 718 Milford Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $113,100. If we break it down further, the land itself was valued at $20,000. Improvements to the property, however, were assessed at a total of $93,100. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 376
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 17,033
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,458
  • Building Area: 1,458
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,458
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: PRATER SUBDIVISION
  • Land Acres: 0.39
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 718 MILFORD ST LOT 21 150 36 21

Ownership

  • Current Owner : LEONARD ROBERT F
  • Current Owner 2: LEONARD CAROLE K
  • Previous Owner : THE ESTATE OF MARY ELIZABETH SHUMATE BAK
  • Owner Before Previous Owner: LAMBERT DONALD R
  • Owner Before Previous Owner 2: LAMBERT SUSAN D
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Smyth County Public Schools
  • Census Tract: 030302

Geography

  • Assessors Map Reference: MB74 PG89
  • Account Number: 11886
  • District: 0M
  • Parcel: Jan 01, 1970
  • Lot: 21
  • Municipality: TOWN OF MARION
  • Latitude: 36.8454
  • Longitude: -81.5167

    Address

  • Full Address: 718 Milford St
  • Address - House Number: 718
  • Address - Street Name: Milford
  • Address - Suffix Type: St
  • State: VA
  • City Name: Marion
  • Carrier Code: C003
  • 4-Digit Zip Code: 2116
  • Zip Code: 24354

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $837

    Appraisal Valuation

  • Standard Deviation: 0.4424
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 11
  • Final Value: 170,882
  • High Value: 246,493
  • Low Value: 95,270

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $139,650
  • First Open Lien Mortgage Lender: TRUIST BANK
  • First Open Lien Mortgage Recording Date: Jan 20, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $139,650
  • 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: Feb 01, 2051

    Market Valuation

  • Market Total Value: $113,100
  • Market Land Value: $20,000
  • Market Improvement Value: $93,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $113,100
  • Assessed Land Value: $20,000
  • Assessed Improvements Value: $93,100

    Sales

  • Current Sale Contract Date: Jan 20, 2021
  • Current Sale Recording Date: Jan 20, 2021
  • Current Sale Transaction ID: 11815793838
  • Current Sale Price: $147,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 210000144
  • Previous Sale Recording Date: Jun 09, 2020
  • Previous Sale Contract Date: Jun 09, 2020
  • Previous Sale Amount: $145,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUIST BANK
  • First Mortgage Transaction Date: Jan 20, 2021
  • First Mortgage Loan Amount: $139,650
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Marion



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113 Broad Street #113 Broad Street - 1, Marion, VA, 24354 Listing by Manager

Frequently Asked Questions

What neighborhood is 718 Milford Street located in?
The 718 Milford Street is a house located in the neighborhood of Smyth in Marion, Marion.
What is the average sales price for listings in 718 Milford Street?
The average sales price for units in 718 Milford Street is $0 currently.

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