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$344,000

Beds
4
Baths
2.0
sq ft
2,280

1468 Melrose Rd, Rockingham, VA 22802

1468 Melrose Rd

ROCKINGHAM, VA 22802

  • 141 days on market
    • Price drop $5,000↓
Come take a look at this ranch style home just north of the city limits on five, mostly wooded, acres. This home has four bedrooms (three on the main level and one on the lower level) and two full bathrooms (one on each level) and over 2200 finished square feet of living area. The lower level also offers a nice size family room, laundry area and about 360 square feet of unfinished space just perfect for storage. Heat pump replaced in 2019.

Details

Property type

Single Family Residence

Est. home value

$328,998

Lot size

5.01 acres

Price per sq ft

$151

Year built

1982

Annual property taxes

$1,802

Price History

07/03/2024
CharlottesvilleVA

CharlottesvilleVA #652380

Price change
$344,000
-1.43%
05/01/2024
CharlottesvilleVA

CharlottesvilleVA #652380

Listed
$349,000
+22.46%
12/08/2023
CharlottesvilleVA

CharlottesvilleVA #647282

Sold
$285,000
+51.92%

Schools & Community

Elementary school: 

Linville-Edom

Middle school: 

J. Frank Hillyard

High school: 

Broadway

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$90,002
Asking price
$344,000
Closing costs (~8% of asking)
-$27,520
Est. remaining loan balance
-$226,478
Cash to seller
$90,002

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

December 2023

Original loan amount

$228,000

Est. remaining balance

$226,478

Interest rate

7.63%

Loan type

New Conventional, 30 year

Seller

Jawad Ahmad

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/18/2024 at 9:20 PM

Listing updated: 09/16/2024 at 9:15 AM

Listed by: Debbie Knupp, Kline May Realty Phone #: (540) 437-3500

MLS: CharlottesvilleVA #652380

CharlottesvilleVA logo

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