NOT LISTED FOR SALE

225 Indian Hollow Rd Winchester, VA 22603

Estimated Value: $872,000 - $4,036,057

-- Bed
-- Bath
-- Sq Ft
26.98 Acres

Last Sold October 10, 2014

Last sale price $2,110,000

Est. 8% decrease in value since last sale

Current estimated payment $11,147/month

18 Days on Market

Highlights

  • 26.98 Acre Lot
  • Property is in very good condition
  • Heating Available
  • No HOA

About This Home

As of October 2014

Great Investment opportunity in Winchester! Mobile Home Park has 81 lots with expansion possibilities. Property sits on 26.98 acres. Property is located on the north west side of the city with easy access to Rt. #522, Rt. #37 and I-81. The site is close to the Winchester Medical Center, Historic Downtown, shopping and schools. Partially wooded lots create a nice quiet neighborhood.

Last Listed By

Kent Mull

Link Realty Services LLC Listed on: 08/26/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,664

Year Built

  • Built in 1969

Lot Details

  • 26.98 Acre Lot
  • Property is in very good condition

Parking

  • Free Parking

Home Design

  • Vinyl Siding

Utilities

  • Heating Available
  • Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 176
  • Assessor Parcel Number 8000

Community Details

Overview

  • No Home Owners Association
  • 81 Units

Building Details

  • Operating Expense $108,478
  • Net Operating Income $182,076

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,664

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1969
  • Remarks Public: Great Investment opportunity in Winchester! Mobile Home Park has 81 lots with expansion possibilities. Property sits on 26.98 acres. Property is located on the north west side of the city with easy access to Rt. #522, Rt. #37 and I-81. The site is close to the Winchester Medical Center, Historic Downtown, shopping and schools. Partially wooded lots create a nice quiet neighborhood.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: No
  • Street Number Modifier: 225

Exterior Features

  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Free

Utilities

  • Central Air Conditioning: No
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 320900.00
  • Land Assessed Value: 1220100.00
  • Lot Size Acres: 26.98
  • Lot Size Area: 1175248
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1175248.00
  • Property Condition: Very Good
  • Year Assessed: 2013
  • Zoning: MH1

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 8664.45
  • Assessor Parcel Number: 8000
  • Tax Lot: 176
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014
  • Close Date: 10/10/2014

Multi Family

  • Gross Income: 290554.00
  • Operating Expense: 108478.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2014
Closed on
Oct 9, 2014
Sold by
Tavenner Mhp Llc
Bought by
Tavenner Park Llc
Seller's Agent
Kent Mull
Link Realty Services LLC
Buyer's Agent
Dave Spence
RE/MAX Roots
List Price
$2,275,950
Sold Price
$2,110,000
Premium/Discount to List
-$165,950
-7.29%
Total Days on Market
18
Current Estimated Value
$1,943,352

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$166,648
Avg. Annual Appreciation
-1.58%

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tavenner Park Llc $2,110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tavenner Park Llc $2,079,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2014 10/10/14 Sold $2,110,000 -7.3% --
09/13/2014 09/13/14 Pending -- -- --
08/26/2014 08/26/14 For Sale $2,275,950 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,612 $1,416,500 $736,800 $679,700
2023 $7,224 $1,416,500 $736,800 $679,700
2022 $7,512 $1,231,500 $609,300 $622,200
2021 $7,512 $1,231,500 $609,300 $622,200
2020 $3,756 $1,231,500 $609,300 $622,200
2019 $7,512 $1,231,500 $609,300 $622,200
2018 $5,631 $923,100 $609,300 $313,800
2017 $5,539 $923,100 $609,300 $313,800
2016 $5,539 $923,100 $609,300 $313,800
2015 $5,169 $923,100 $609,300 $313,800
2014 $2,439 $923,100 $609,300 $313,800
Source: Public Records

Agents Affiliated with this Home

  • Kent Mull

    Seller's Agent in 2014

    Kent Mull

    Link Realty Services LLC

    (540) 450-0406

    4 Total Sales

    Kent Mull
    Section Image
  • Dave Spence

    Buyer's Agent in 2014

    Dave Spence

    RE/MAX

    (540) 974-6634

    344 Total Sales

    Dave Spence
    Section Image
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Map

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Source: Bright MLS

MLS Number: 1003180218

Bright MLS

APN: 42A-176

Virginia Frederick County Winchester 22603

225 Indian Hollow Rd, Winchester, VA

Homes for Sale in Winchester, VA

This home is located at 225 Indian Hollow Rd, Winchester, VA 22603 since 26 August 2014 and is currently estimated at $1,943,352. This property was built in 1969. 225 Indian Hollow Rd is a home located in Frederick County with nearby schools including Apple Pie Ridge Elementary School, Frederick County Middle School, and James Wood High School.

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