2865 Chestnut Hill Road, Unit 18

Closed 12/2/13
Closed 12/2/13
Main Listing Photo
Gravel Parking Area
Laundry
Rear of Building
Seasonal Mountain View
Trash Removal
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Sold
Last Sold Price
$197,500
3 beds
2865 Chestnut Hill Rd, Unit 18, Rocky Mount, VA 24151
Multi FamilyProperty Type
1 acresLot Size
1980Year Built

Description

Great Investment Opportunity! 8-unit Apartment complex: (4)2Bed/1Bath & (4)1Bed/1Bath. Brick Exterior, Nice Natural Buffer surrounds property. Conveniently located only 2 miles from the Town of Rocky Mount just off Rt.40 East in Redwood. Only minutes from Walmart, Lowes, Kroger, Restaurants, Medical & other Amenities. Add'l Owner Exp: Parking, Well/Septic, Trash Removal.Great Investment Opportunity! 8-unit Apartment complex: (4)2Bed/1Bath & (4)1Bed/1Bath. Brick Exterior, Nice Natural Buffer surrounds property. Conveniently located only 2 miles from the Town of Rocky Mount just off Rt.40 East in Redwood. Only minutes from Walmart, Lowes, Kroger, Restaurants, Medical & other Amenities. Add'l Owner Exp: Parking, Well/Septic, Trash Removal.
  • Listed by: ANGIE MCGHEE • LONG & FOSTER - FRANKLIN CO
Listing closed: 12/02/2013 12:00 AM • Source: Roanoke Valley Association of REALTORS, MLS#: 798628

Recent comparable sales

Median sold price

$227,000

Avg days on market

68

Sale-to-list ratio

97.1%

Rocky Mount, VA

9 comparable properties found

a view of a house with a backyard
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1

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3
Bedrooms
1,512
Square Feet
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Acres

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Square Feet
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Acres

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1575 Old Franklin Turnpike, Rocky Mount, VA 24151

$200,000 | 657 Power Dam Road, Rocky Mount, VA 24151
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519 Power Dam Road, Rocky Mount, VA 24151

$180,000 | 3266 Doe Run Road, Rocky Mount, VA 24151
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3266 Doe Run Road, Rocky Mount, VA 24151

$239,000 | 1715 Ball Park Road, Rocky Mount, VA 24151
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a front view of a house with a garden
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Unavailable
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Location

Listing Courtesy of LONG & FOSTER - FRANKLIN CO, ANGIE MCGHEE

Sold By WAINWRIGHT & CO., REALTORS®- LAKE, TRICIA JOHNSON

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Property Information for 2865 Chestnut Hill Road, Unit 18

Property Details
  • Taxes: $1,372 / year
  • MLS Type: MultiFamily
  • County: Franklin County
  • View: Mountain(s)
  • Zoning: RMF
  • Covered Spaces: 5494.0
Building Information
  • Residences: 8
  • Year Built: 1980
  • Lot Size: 1.00 AC / 43,560 SF
Summary
Location and General Information
  • Directions: From Rocky Mount: Rt.40 East, pass Walmart & Lowes, 2 miles R-Chestnut Hill Rd, 0.25/mi to property on R (no sign).
  • MLS Area Major: 0400 - Franklin County
  • City: Rocky Mount
  • State Or Province: VA
  • Postal Code: 24151
  • County Or Parish: Franklin County
  • MLS Area Minor: 0400 - Franklin County
  • General Property Description - Water Class: N/A
Taxes and HOA
  • Association YN: No
  • Association Fee: $0
  • Parcel Number: 0540033300
  • Tax Block: 0
  • Tax Lot: 0
  • Tax Tract Or Section: 0
  • Tax Amount: $1,372
  • Location Legal Taxes - Phase: $0
  • Location Legal Taxes - Annual Taxes: $1,372
  • Location Legal Taxes - Section: 0
  • Location Legal Taxes - POA YN: No
  • Location Legal Taxes - POA Condo Dues: $0
  • Misc Features - Maint - Free Exterior: Yes
School Information
  • Elementary School: Lee M. Waid
  • Middle Or Junior School: Ben Franklin Middle
  • High School: Franklin County
Parking
  • Attached Garage: No
  • General Property Description - Parking Description: Private (10 or More)
Property
Lot Information
  • Lot Size Acres: 1.0
  • Lot Size Area: 1.0
  • Lot Size Units: Acres
  • Lot Size Square Feet: 43560.0
  • General Property Description - Total Acreage: 1.0
Property and Assessments
  • Total Bathrooms Source: MLS
  • Property Type: MultiFamily
  • Year Built: 1980
  • Property Type Label: MultiFamily
  • General Property Description - Construction Status: Completed
  • General Property Description - Present Use: Built-As
Utilities
  • Sewer: Private Septic
  • Water Description - Private Well: Yes
  • Internet Access - Cable: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Amenities Common - Cable TV: Yes
Interior Features
  • Water Heater Type - Tank: Yes
  • Water Heater Energy - Electric: Yes
  • Cooling: Window Unit(s)
  • Heating: Electric Ceiling
  • Basement: Slab
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Cooling: Yes
  • Heating: Yes
  • General Property Description - Basement: No
  • Misc Features - Laundry Facility: Yes
  • General Property Description - # Furnished: 0.0
  • General Property Description - # Unfurnished: 8.0
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
  • General Property Description - # Leased Units: 6
Income & Expenses
  • Gross Scheduled Income: $15,370
  • Operating Expense: $9,876
  • Insurance Expense: $1,000
  • Maintenance Expense: $1,080
  • Professional Management Expense: $2,043
  • General Property Description - Gross Income: $15,370
  • Gross Income: $15,370
  • Net Operating Income: $5,494
Unit 1
  • Unit Number: Type 1
  • Units Total: 4
  • Beds Total: 2
  • Furnished: 1
  • Stories: 0
  • SqFt: 720
  • Parking: Range Electric
  • Rent: Refrigerator
  • Bathroom: Window Unit
Unit 2
  • Unit Number: Type 2
  • Units Total: 4
  • Beds Total: 1
  • Furnished: 1
  • Stories: 0
  • SqFt: 465
  • Parking: Range Electric
  • Rent: Refrigerator
  • Bathroom: Window Unit
Rental
Rental Information
  • Lease Term: One Year
  • Tenant Expenses - Cable TV: Yes
  • Tenant Expenses - Electricity: Yes

Property History for 2865 Chestnut Hill Road, Unit 18

DateEvent & SourcePriceAppreciation
Dec 2, 2013

Sold

Roanoke Valley Association of REALTORS #798628

$197,500—
Nov 18, 2013

Pending

Roanoke Valley Association of REALTORS #798628

—
Nov 14, 2013

Listed (Active)

Roanoke Valley Association of REALTORS #798628

$225,000—
DateEvent & SourcePrice
12/02/2013

Sold

Roanoke Valley Association of REALTORS #798628

$197,500
11/18/2013

Pending

Roanoke Valley Association of REALTORS #798628

—
11/14/2013

Listed (Active)

Roanoke Valley Association of REALTORS #798628

$225,000

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

Schools near 2865 Chestnut Hill Road, Unit 18

This home is within Franklin County Public Schools.
Rating
School
Type
Grades
Distance
Glade Hill Elementary School
Public - PK to 5
Benjamin Franklin Middle School
Public - 6 to 8
Franklin County High School
Public - 9 to 12
Burnt Chimney Elementary School
Public - PK to 5
Rating
School
Distance
Glade Hill Elementary School
PublicPK to 5

Benjamin Franklin Middle School
Public6 to 8

Franklin County High School
Public9 to 12

Burnt Chimney Elementary School
PublicPK to 5

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: 2865 Chestnut Hill Road, Unit 18, Rocky Mount, VA 24151
$197,500
3
–
–
43,560
2865 Chestnut Hill Road, Unit 1, Rocky Mount, VA 24151
$197,500
–
8
4,740
43,560
2872 Chestnut Hill Road, Rocky Mount, VA 24151
–
–
–
–
79,715
2855 Chestnut Hill Road, Rocky Mount, VA 24151
$199,950
3
1,512
54,450
2852 Chestnut Hill Road, Rocky Mount, VA 24151
$20,000
2
1
915
43,560
2910 Chestnut Hill Road, Rocky Mount, VA 24151
–
–
–
–
142,267

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Listing Courtesy of LONG & FOSTER - FRANKLIN CO, ANGIE MCGHEE

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.