tomo logo

$1,395,000

Beds
5
Baths
5.5
sq ft
5,041

33 Donald Ross Trl, Hot Springs, VA 24445

33 Donald Ross Trl

HOT SPRINGS, VA 24445

  • 216 days on market
    • Price drop $105,000↓
This stately brick exterior and slate roof home was built to withstand the test of time. Located in the prestigious Sheep Meadow at the Homestead Preserve, this home has endless potential as an investment property, second home or primary residence. Currently used as a vacation rental and second home for the current owners, the property has produced a gross income of $88,500 annually since 2020; with as much as $105,000 in 2021. Spread out over three levels with over 5,000 sq ft, this 5 Bed, 5 1/2 bath home has the perfect layout for a vacation rental or B&B with each bedroom having its own private bath. The semi-traditional layout on the main floor features plenty of living space and is perfect for entertaining. A chef's kitchen with custom cabinetry, commercial gas range w/custom hood, integrated refrigerator, breakfast island with prepping sink is perfect for those catered parties. The kitchen opens to an eat-in/sitting area that has a wet bar with wine cooler and is connected to the family room with a wood burning fireplace. The formal dining room with tray ceiling is the perfect size for hosting dinner parties. Just across the two-story foyer is the home office/den with custom coffered ceilings, built-ins and pocket doors for privacy. Two generously sized covered decks off the living area/office on this level add to your entertaining space. The luxurious primary suite on the upper-level leaves little to be desired with the walk-in closet and private bathroom with jetted tub, oversized vanity and marble walk-in shower. The additional three bedrooms on this floor feature their own full bath and walk-in closet. Laundry on this level adds convenience. A terrace level adds even more entertaining space with the billiards room, bar area, an additional family room, two covered patios and a fifth bedroom with full bath. The property is a stone's throw or minute drive to one of twelve wedding venues at the Omni Homestead and a two-minute drive to the resort itself. Other local amenities include the baths at Warm Springs, skiing/snowboarding, trails, golfing at the Cascades or Old Course, spa, dining, shopping and so much more. With a vacation rental history that speaks for itself, this home is in a prime location to continue as a profitable investment for its second owner. Schedule your private viewing today!

Details

Property type

Single Family Residence

Est. home value

$1,174,772

Lot size

0.76 acres

Price per sq ft

$277

Year built

2007

Annual property taxes

$6,923

Monthly HOA fee

$253

Price History

12/12/2024
Bright

Bright #VABT2000024

Price change
$1,395,000
-7%
07/31/2024
Bright

Bright #VABT2000024

Listed
$1,500,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

BATH COUNTY

School district: 

BATH COUNTY PUBLIC SCHOOLS

Seller’s Loan History

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

Lender

Luxury Mortgage Corp

Loan start date

March 2021

Original loan amount

$548,250

Est. remaining balance

$504,854

Interest rate

3.5%

Loan type

New Conventional, 30 year

Seller

William Kelly and Lindsay Kelly

Lender

Bank Of America Na

Loan start date

July 2009

Original loan amount

$1,500,000

Est. remaining balance

$1,027,835

Interest rate

5.75%

Loan type

New Conventional, 30 year

Seller

William R Kelly

Lender

Bank Of America Na

Loan start date

September 2008

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

6.05%

Loan type

Credit Line (Revolving), 25 year

Seller

William R Kelly

Lender

Bank Of America Na

Loan start date

August 2008

Original loan amount

$1,500,000

Est. remaining balance

$1,044,005

Interest rate

7%

Loan type

New Conventional, 30 year

Seller

William R Kelly

Lender

Bank Of America Na

Loan start date

April 2007

Original loan amount

$1,485,000

Est. remaining balance

Not provided

Interest rate

6.14%

Loan type

Building or Construction Loan, 30 year

Seller

William R Kelly

Lender

First National Bank

Loan start date

February 2006

Original loan amount

$500,000

Est. remaining balance

$0

Interest rate

6.15%

Loan type

New Conventional, 1 year

Seller

William R Kelly

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?

Status: Active

Tomo last checked: 03/03/2025 at 11:45 PM

Listing updated: 12/14/2024 at 12:04 AM

Listed by: Kathleen L. Kellett-Ward, Long & Foster Real Estate, Inc. Phone #: (540) 349-1400

MLS: Bright #VABT2000024

Bright logo

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