2423 Lofton Road Southwest

Closed 4/10/23
Closed 4/10/23
2423 Lofton Rd Sw, Roanoke
Unit #1 - Living Room
Unit #1 - Living Room
Unit #1 - Remodeled Kitchen
Unit #1 - Remodeled Kitchen
Unit #1 - Flex Room
Unit #1 - Flex Room
Unit #1 - Dining Room
Unit #1 - Large, Renovated Bedroom
Unit #1 - Large, Renovated Bedroom
Unit #1 - Remodeled Full Bath
Unit #1 - Remodeled Full Bath
Unit #1 - Private Laundry
Unit #1 - Rear Entry/Mud Room
Unit #2 - Entry/Foyer
Unit #2 - Upper Entry Area
Unit #2 - Living Room (3rd Flr)
Unit #2 - Living Room (3rd Flr)
Unit #2 - Bedroom #1 (2nd Flr)
Unit #2 - Bedroom #2/Office (2nd Flr)
Unit #2 - Kitchen (3rd Flr)
Unit #2 - Kitchen (3rd Flr)
Unit #2 - Kitchen (3rd Flr)
Unit #2 - Full Bath (2nd Flr)
Unit i#2 - Full Bath (2nd Flr)
Unit #3 - Living Room
Unit #3 - Living Room
Unit #3 - Flex Space
Unit #3 - Bedroom
Unit #3 - Bedroom
Unit #3 - Kitchen
Unit #3 - Kitchen
Unit #3 - Full Bath
Rear View
Rear View & Fenced Yard
1st Level Floorplan
2nd Level Floorplan
3rd Level Floorplan
Bsmt Floorplan - Shared Laundry/Stg Area
Floor Plans
Last Sold Price
$368,552
4 beds
2423 Lofton Rd SW, Roanoke, VA 24015

Description

Beautifully updated and very well maintained brick triplex in the Grandin area. 2018-19: all new gutters, insulated vinyl tilt-in windows, new full bathroom addition. Privacy fenced recently installed, garage enclosed, some plumbing has been updated & gas boiler has been recently checked (everything functioning properly). Unit #1: furnished short term lease @ $1,700/month. Unit #2: unfurnished lease to wonderful, long-time tenant (below market value, but rent will be increasing soon). Unit #3: unfurnished...Beautifully updated and very well maintained brick triplex in the Grandin area. 2018-19: all new gutters, insulated vinyl tilt-in windows, new full bathroom addition. Privacy fenced recently installed, garage enclosed, some plumbing has been updated & gas boiler has been recently checked (everything functioning properly). Unit #1: furnished short term lease @ $1,700/month. Unit #2: unfurnished lease to wonderful, long-time tenant (below market value, but rent will be increasing soon). Unit #3: unfurnished lease to long-time tenant who provides lawn maintenance, snow removal and other maintenance type services in exchange for slightly reduced rent. Unfinished basement provides shared laundry area for Unit's #2 & #3 (2 sets of washers/dryers available & pass with sale).
LISTING CLOSED: 04/10/2023 12:00 AM

  1. Listed by ANGEL LANE • WAINWRIGHT & CO., REALTORS®
  2. Listed by LORI MCCARREN • WAINWRIGHT & CO., REALTORS®

Property Details for 2423 Lofton Road Southwest

Status
Closed
MLS #
895305
Days on Market
9
Taxes
$2,736 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
MultiFamily
Year Built
1925
Lot Size
0.26 AC / 11,325 SF
County
Roanoke Independent City
Zoning
R5
Subdivision Name
Grandin Court
Covered Spaces
15124.0
Parking Total
6.0
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Location

Listing Courtesy of WAINWRIGHT & CO., REALTORS®, ANGEL LANE; WAINWRIGHT & CO., REALTORS®, LORI MCCARREN

Sold By MKB, REALTORS®, ABIGAIL COOPER

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Building Information for 2423 Lofton Road Southwest

Stories-Residences3Year Built1925Building Size-Lot Size0.26 AC / 11,325 SF

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$2,101 per month

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Principal and Interest

$1,873

Property Taxes

$228

HOA Dues

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Property Information for 2423 Lofton Road Southwest

Summary
Location and General Information
  • Directions: Brandon Rd to Right on Grandin Rd to Left on Guilford. Right on Lofton to property on Right.
  • MLS Area Major: 0130 - City of Roanoke - SW
  • City: Roanoke
  • State Or Province: VA
  • Postal Code: 24015
  • County Or Parish: City of Roanoke
  • MLS Area Minor: 0130 - City of Roanoke - SW
  • General Property Description - Water Class: N/A
Taxes and HOA
  • Association YN: No
  • Association Fee: $0
  • Parcel Number: 1551027
  • Tax Block: 3
  • Tax Lot: 24 & Pt Lot 23
  • Tax Tract Or Section: 0
  • Tax Amount: $2,736
  • Location Legal Taxes - Phase: $0
  • Location Legal Taxes - Annual Taxes: $2,736
  • Location Legal Taxes - Section: 0
  • Location Legal Taxes - POA YN: No
School Information
  • Elementary School: Grandin Court
  • Middle Or Junior School: Woodrow Wilson
  • High School: Patrick Henry
Parking
  • Attached Garage: No
  • General Property Description - Parking Description: Private (1 - 9)
Virtual Tour
Property
Lot Information
  • Lot Size Acres: 0.26
  • Lot Size Area: 0.26
  • Lot Size Dimensions: 75' x 150'
  • Lot Size Units: Acres
  • Lot Size Square Feet: 11325.6
  • General Property Description - Total Acreage: 0.26
Property and Assessments
  • Total Bathrooms Source: MLS
  • Property Type: MultiFamily
  • Year Built: 1925
  • Property Type Label: MultiFamily
  • General Property Description - Construction Status: Completed
  • General Property Description - Present Use: Converted
Utilities
  • Miscellaneous Info - Public Transport2: Yes
  • Sewer: Public Sewer
  • Water Description - Public Water: Yes
  • Internet Access - Cable: Yes
  • Internet Access - Current Internet Prov: Comcast
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Vinyl Siding
Interior Features
  • Water Heater Type - Tank: Yes
  • Cooling: Central Air
  • Heating: Radiator Gas Heat
  • Interior Features: Breakfast Area, Masonry Fireplace, Storage
  • Basement: Partial Basement
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Cooling: Yes
  • Heating: Yes
  • General Property Description - Basement: Yes
  • Misc Features - Laundry Facility: Yes
  • Interior Features - Breakfast Area: Yes
  • Interior Features - Masonry Fireplace: Yes
  • Interior Features - Storage: Yes
  • General Property Description - # Furnished: 1.0
  • General Property Description - # Unfurnished: 2.0
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
  • General Property Description - # Leased Units: 3
Income & Expenses
  • Gross Scheduled Income: $26,408
  • Operating Expense: $11,284
  • Electric Expense: $795
  • Gas Expense: $2,070
  • Insurance Expense: $1,147
  • Maintenance Expense: $349
  • Other Expense: $2,310
  • General Property Description - Gross Income: $26,408
  • Gross Income: $26,408
  • Net Operating Income: $15,124
  • Expenses - Water Exp: $1,062
Unit 1
  • Unit Number: Type 1
  • Units Total: 1
  • Beds Total: 1
  • Furnished: 1
  • Stories: 0
  • SqFt: 1,288
  • Parking: Refrigerator
  • Rent: Range Gas
  • Bathroom: Dishwasher
  • Remarks: Microwave Oven (Built In)
Unit 2
  • Unit Number: Type 2
  • Units Total: 1
  • Beds Total: 2
  • Furnished: 1
  • Stories: 0
  • SqFt: 978
  • Parking: Refrigerator
  • Rent: Range Electric
  • Bathroom: Clothes Washer
  • Remarks: Clothes Dryer
Unit 3
  • Unit Number: Type 3
  • Units Total: 1
  • Beds Total: 1
  • Furnished: 1
  • Stories: 0
  • SqFt: 470
  • Parking: Refrigerator
  • Rent: Range Electric
  • Bathroom: Clothes Washer
  • Remarks: Clothes Dryer
Rental
Rental Information
  • Misc Features - Current Lease: Yes
  • Tenant Expenses - Deposit: Yes
  • Tenant Expenses - Electricity: Yes
  • Tenant Expenses - Other - See Remarks: Yes

Property History for 2423 Lofton Road Southwest

DateEvent & SourcePriceAppreciation
Apr 10, 2023

Sold (Public Record)

Public Record #1508971358

$368,551—
Apr 10, 2023

Sold

Roanoke Valley Association of REALTORS #895305

$368,552—
Jan 30, 2023

Listed (Active)

Roanoke Valley Association of REALTORS #895305

$379,950—
DateEvent & SourcePrice
04/10/2023

Sold (Public Record)

Public Record #1508971358

$368,551
04/10/2023

Sold

Roanoke Valley Association of REALTORS #895305

$368,552
01/30/2023

Listed (Active)

Roanoke Valley Association of REALTORS #895305

$379,950

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

Public Records for 2423 Lofton Road Southwest

Taxable ValueLand$50,700Additions$268,100Total$318,800
Tax Record2026$3,889 ($324 / month)
Home Facts
Total Finished SqFt2,656 SqFtAbove Grade Finished SqFt2,656 SqFtStories2Lot Size11,313 SqFtStyleMulti-Family Dwelling (2-4)Year Built1925ZoningR-5CountyROANOKE CITYAPN155-1027Fireplace TypeHas Fireplace

Schools near 2423 Lofton Road Southwest

This home is within Roanoke City Public Schools.
Rating
School
Type
Grades
Distance
Grandin Court Elementary School
Public - PK to 5
Woodrow Wilson Middle School
Public - 6 to 8
Patrick Henry High School
Public - 9 to 12
Rating
School
Distance
Grandin Court Elementary School
PublicPK to 5

Woodrow Wilson Middle School
Public6 to 8

Patrick Henry 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: 2423 Lofton Road Southwest, Roanoke, VA 24015
$368,552
4
–
–
11,325
2429 Lofton Road Southwest, Roanoke, VA 24015
$160,000
4
1,878
0
2419 Lofton Road Southwest, Roanoke, VA 24015
$150,000
–
–
1,925
14,967
2424 Lofton Road Southwest, Roanoke, VA 24015
$152,000
2
1,200
0
2420 Lofton Road Southwest, Roanoke, VA 24015
–
3
2
1,563
8,808
2435 Lofton Road Southwest, Roanoke, VA 24015
$169,950
3
1,568
7,405

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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 WAINWRIGHT & CO., REALTORS®, ANGEL LANE; WAINWRIGHT & CO., REALTORS®, LORI MCCARREN

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.