Last Sold Price
1021 Tervon Ln, Blue Ridge, VA 24064

Description

3 Single family homes situated on one tax parcel. All currently rented with excellent tenants. Rental income of $2,395 per month. 1021 Tervon has 4 BD, 2 BA, LR, kitchen, 1023 Tervon has 2 BD, 1 BA, LR, foyer, and 1111 Tervon has 3 BD, 2 BA, LR, laundry room and dining area. Outstanding investment opportunity. Tenants responsible for own utilities and lawn care.3 Single family homes situated on one tax parcel. All currently rented with excellent tenants. Rental income of $2,395 per month. 1021 Tervon has 4 BD, 2 BA, LR, kitchen, 1023 Tervon has 2 BD, 1 BA, LR, foyer, and 1111 Tervon has 3 BD, 2 BA, LR, laundry room and dining area. Outstanding investment opportunity. Tenants responsible for own utilities and lawn care.
LISTING CLOSED: 09/01/2021 12:00 AM

  1. Listed by DAVID LINDEN • REALSTAR, REALTORS® LLC

Property Details for 1021 Tervon Lane

Status
MLS #
873407
Days on Market
294
Taxes
$633 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
MultiFamily
Year Built
1950
Lot Size
2.75 AC / 119,790 SF
View
Mountain(s)
Subdivision Name
N/A
Covered Spaces
0.0

Location

Listing Courtesy of REALSTAR, REALTORS® LLC, DAVID LINDEN

Sold By REALSTAR, REALTORS® LLC, MIKE CONNER

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Building Information for 1021 Tervon Lane

Stories-Residences3Year Built1950Building Size-Lot Size2.75 AC / 119,790 SF

Payment Calculator

$968 per month

30 year fixed, 6.55% Interest

Principal and Interest

$915

Property Taxes

$53

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1021 Tervon Lane

Summary
Location and General Information
  • Directions: From Roanoke, 460 East to right on Villamont Rd, approx. 2 miles to right on Nannie, first right on Tervon Ln.
  • MLS Area Major: 0600 - Bedford County
  • City: Blue Ridge
  • State Or Province: VA
  • Postal Code: 24064
  • County Or Parish: Bedford County
  • MLS Area Minor: 0600 - Bedford County
  • General Property Description - Water Class: N/A
Taxes and HOA
  • Association YN: No
  • Association Fee: $0
  • Parcel Number: 86 A 87
  • Tax Block: 0
  • Tax Lot: 0
  • Tax Tract Or Section: 0
  • Tax Amount: $633
  • Location Legal Taxes - Phase: $0
  • Location Legal Taxes - Annual Taxes: $633
  • Location Legal Taxes - Section: 0
  • Location Legal Taxes - POA YN: No
School Information
  • Elementary School: Montvale
  • Middle Or Junior School: Liberty Middle
  • High School: Liberty High
Parking
  • Attached Garage: No
  • General Property Description - Parking Description: Private (10 or More)
Property
Lot Information
  • Lot Size Acres: 2.75
  • Lot Size Area: 2.75
  • Lot Size Units: Acres
  • Lot Size Square Feet: 119790.0
  • General Property Description - Total Acreage: 2.75
Property and Assessments
  • Total Bathrooms Source: MLS
  • Property Type: MultiFamily
  • Year Built: 1950
  • Property Type Label: MultiFamily
  • General Property Description - Construction Status: Completed
  • General Property Description - Present Use: Built-As
Utilities
  • Miscellaneous Info - Public Transport2: No
  • Sewer: Private Septic
  • Water Description - Private Well: Yes
  • Internet Access - DSL: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Manufactured, Vinyl Siding, Wood Siding
Interior Features
  • Water Heater Type - Tank: Yes
  • Water Heater Energy - Electric: Yes
  • Heating: Gas Propane, Heat Pump
  • Interior Features: Breakfast Area, Wood Stove, Ceiling Fan(s), Storage
  • Window Features: Skylight(s)
  • Basement: Other - See Remarks
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Heating: Yes
  • General Property Description - Basement: Yes
  • Interior Features - Breakfast Area: Yes
  • Interior Features - Ceiling Fan: Yes
  • Interior Features - Skylight: Yes
  • Interior Features - Storage: Yes
  • Interior Features - Wood Stove: Yes
  • General Property Description - # Furnished: 0.0
  • General Property Description - # Unfurnished: 3.0
Mobile Home
Mobile & Manufactured Home
  • Misc Features - Manufactured Home Allowed: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
  • General Property Description - # Leased Units: 3
Income & Expenses
  • Gross Scheduled Income: $0
  • Operating Expense: $0
  • Insurance Expense: $1,713
  • Professional Management Expense: $2,500
  • General Property Description - Gross Income: $0
  • Gross Income: $0
  • Net Operating Income: $0
Unit 1
  • Unit Number: Type 1
  • Units Total: 1
  • Beds Total: 4
  • Furnished: 2
  • Stories: 0
  • SqFt: 1188
  • Parking: Refrigerator
  • Rent: Dishwasher
  • Bathroom: Range Electric
  • Remarks: Microwave Oven (Built In)
Unit 2
  • Unit Number: Type 2
  • Units Total: 1
  • Beds Total: 2
  • Furnished: 1
  • Stories: 0
  • SqFt: 625
  • Parking: Refrigerator
  • Rent: Range Electric
Unit 3
  • Unit Number: Type 3
  • Units Total: 1
  • Beds Total: 3
  • Furnished: 2
  • Stories: 0
  • SqFt: 980
  • Parking: Refrigerator
  • Rent: Range Electric
Rental
Rental Information
  • Lease Term: One Year
  • Leased Equipment - Propane Tank: Yes
  • Misc Features - Current Lease: Yes
  • Tenant Expenses - All Utilities: Yes
  • Tenant Expenses - Electricity: Yes
  • Tenant Expenses - Heating: Yes

Property History for 1021 Tervon Lane

DateEvent & SourcePriceAppreciation
Sep 1, 2021

Sold

Roanoke Valley Association of REALTORS #873407

$180,000
Jul 6, 2021

Pending

Roanoke Valley Association of REALTORS #873407

Sep 16, 2020

Listed (Active)

Roanoke Valley Association of REALTORS #873407

$220,000
DateEvent & SourcePrice
09/01/2021

Sold

Roanoke Valley Association of REALTORS #873407

$180,000
07/06/2021

Pending

Roanoke Valley Association of REALTORS #873407

09/16/2020

Listed (Active)

Roanoke Valley Association of REALTORS #873407

$220,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1021 Tervon Lane

This home is within Bedford County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Montvale Elementary School
PublicPK to 5

Bedford Middle School
Public6 to 8

Liberty High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1021 Tervon Lane, Blue Ridge, VA 24064
$180,000
9
119,790
$111,000
4
1,440
0
3
1.5
1,260
67,082
$90,000
2
2,621
67,082
$90,000
3
2
1,566
259,182
$60,000
3
2
1,440
72,310

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REALSTAR, REALTORS® LLC, DAVID LINDEN

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.