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7761 South Lee Highway

7761 South Lee Highway, Buchanan, VA 24066
Property in Rockbridge
Sold Dec 17, 2021
$177,601
$220,000 by Triple Xxx Llc
Mortgage
Local assessors in Buchanan, VA have categorized 7761 South Lee Highway as a residential type of property. The home was built in 2004 and is 20 years old. The property's lot size has been calculated to be 115,913 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 3 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 2 full bathrooms. There are also 2 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 7761 South Lee Highway has a total of 1,562 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. The home sources its water from a well system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 625 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a screened porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is fair. The building has a gable style roof that was made of composition shingle. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a heat pump is the primary heating source and it is being fueled with electricity. 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, 7761 South Lee Highway sold most recently in Nov 29, 2021 for a total of $177,601. If you work out the math, that's approximately a cost of $113.70 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 $1,282 in taxes each year. 7761 South Lee Highway was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $210,200. If we break it down further, the land itself was valued at $40,000. Improvements to the property, however, were assessed at a total of $170,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Fair
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 625
  • Parking Space Count: 2
  • Porch Type: Screened porch

    Dimensions

  • Lot Size Square Feet: 115,913
  • Total Building Area: 1,562
  • Building Area: 1,562
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,562
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Land Acres: 2.661
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: SPRINGFIELD RT 11

Ownership

  • Current Owner : FFC PROPERTIES LLC
  • Previous Owner : MARTIN MICHAEL E
  • Previous Owner 2: THOMPSON ANGELA LEE
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Rockbridge County Public Schools
  • Census Tract: 930400

Zoning

  • Zoning: A-2

Geography

  • Account Number: 14399
  • Parcel: 111A 1 B1
  • Municipality: NATURAL BRIDGE DISTRICT
  • Latitude: 37.6216
  • Longitude: -79.584

    Address

  • Full Address: 7761 S Lee Hwy
  • Address - House Number: 7761
  • Street Direction: S
  • Address - Street Name: Lee
  • Address - Suffix Type: Hwy
  • State: VA
  • City Name: Buchanan
  • Carrier Code: R001
  • 4-Digit Zip Code: 2539
  • Zip Code: 24066

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,282

    Appraisal Valuation

  • Standard Deviation: 0.214
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 70
  • Final Value: 283,466
  • High Value: 344,141
  • Low Value: 222,790

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $220,000
  • First Open Lien Mortgage Lender: TRIPLE XXX LLC
  • First Open Lien Mortgage Recording Date: Dec 17, 2021
  • First Open Lien Mortgage Loan Amount: $220,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Market Valuation

  • Market Total Value: $210,200
  • Market Land Value: $40,000
  • Market Improvement Value: $170,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $210,200
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $170,200

    Sales

  • Current Sale Contract Date: Nov 29, 2021
  • Current Sale Recording Date: Dec 17, 2021
  • Current Sale Transaction ID: 11875376612
  • Current Sale Price: $177,601
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Current Sale Input Document Number: 210004826

    Last Sale Mortgage

  • First Mortgage Lender: TRIPLE XXX LLC
  • First Mortgage Transaction Date: Dec 17, 2021
  • First Mortgage Loan Amount: $220,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

About Rockbridge



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Frequently Asked Questions

What neighborhood is 7761 South Lee Highway located in?
The 7761 South Lee Highway is a located in the neighborhood of Rockbridge in Rockbridge, Buchanan.
What is the average sales price for listings in 7761 South Lee Highway?
The average sales price for units in 7761 South Lee Highway is $0 currently.

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