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8578 Peaks Road

8578 Peaks Road, Bedford, VA 24523
Property in Bedford
Sold Aug 30, 2013
$187,500
$202,519 by American National Bank & Trust
Mortgage
Sold Jun 07, 2013
$275,000
8578 Peaks Road has been categorized by the local assessors in Bedford, VA as a residential type of property. The building on the property was first built in 1992 and is 32 years old. The home has a total of 5 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 8578 Peaks Road has 720 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 217,800 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a log cabin/rustic style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as poor. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. The building has a gable style roof made of asphalt. The exterior walls of the building are made of wood siding. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heat pump. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 8578 Peaks Road was last sold in Aug 29, 2013 for $187,500. According to our calculations, that's $260.42 per sqft. Prior to that sales transaction, the property was sold for $275,000 in Jun 6, 2013. Current property owners are expected to pay $1,335 in taxes per year. The property on 8578 Peaks Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $162,750. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 2
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Poor
  • Construction Type: Wood
  • Building Style: Log cabin/Rustic
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Partial basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 217,800
  • Total Building Area: 720
  • Gross Building Area: 720
  • Building Area: 720
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 720
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FLAT TOP
  • Land Acres: 5
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FLAT TOP PB 25/360

Ownership

  • Current Owner : GRAHAM JOHN C
  • Current Owner 2: GRAHAM KATHRYN L
  • Previous Owner : FARM CREDIT OF THE VIRGINIAS ACA
  • Owner Before Previous Owner: SCHROCK PATRICK D
  • Owner Before Previous Owner 2: HATHAWAY ELIZABETH S
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Bedford County Public Schools
  • Census Tract: 030401

Geography

  • Subdivision Tract Number: B
  • Parcel: 54 2 B
  • Municipality: PEAKS
  • Latitude: 37.4337
  • Longitude: -79.5799

    Address

  • Full Address: 8578 Peaks Rd
  • Address - House Number: 8578
  • Address - Street Name: Peaks
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Bedford
  • Carrier Code: R002
  • 4-Digit Zip Code: 3783
  • Zip Code: 24523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,335

    Appraisal Valuation

  • Standard Deviation: 0.1805
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 76
  • Final Value: 427,369
  • High Value: 504,522
  • Low Value: 350,217

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $202,519
  • First Open Lien Mortgage Lender: AMERICAN NATIONAL BANK & TRUST
  • First Open Lien Mortgage Recording Date: Jan 23, 2015
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $202,519
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $339,800
  • Market Land Value: $90,000
  • Market Improvement Value: $249,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $162,750

    Sales

  • Current Sale Contract Date: Aug 29, 2013
  • Current Sale Recording Date: Aug 30, 2013
  • Current Sale Transaction ID: 1108044426
  • Current Sale Price: $187,500
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 130009994
  • Previous Sale Recording Date: Jun 07, 2013
  • Previous Sale Contract Date: Jun 06, 2013
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN NATIONAL BANK & TRUST
  • First Mortgage Transaction Date: Aug 30, 2013
  • First Mortgage Loan Amount: $235,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

    Financing

  • First Mortgage Financing Type: Variable

About Bedford



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Frequently Asked Questions

What neighborhood is 8578 Peaks Road located in?
The 8578 Peaks Road is a located in the neighborhood of Bedford in Bedford, Bedford.
What is the average sales price for listings in 8578 Peaks Road?
The average sales price for units in 8578 Peaks Road is $0 currently.

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