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$1,250,000

Beds
4
Baths
3.5
sq ft
5,628

649 Banner Way, Rockingham, VA 22801

649 Banner Way

ROCKINGHAM, VA 22801

  • Pending
    • Price drop $250,000↓
This spacious, all-brick home on nearly 6 acres, just east of Harrisonburg city limits, offers endless possibilities. The property features 4 bedrooms plus an office, 3.5 baths, a partially finished basement, and a main-level primary suite. High ceilings, hardwood floors, and an open floor plan create an inviting atmosphere, with a family room boasting a cathedral ceiling and a large, eat-in kitchen flooded with natural light. Every room in the house is bright and welcoming. The expansive slate patio is perfect for outdoor gatherings. Additionally, there's a detached garage equipped with electricity and a half bath, currently used as a recreation room but easily convertible into a guest house or Airbnb. Investment possibilities include use for short or long term rental, or simply move in and create lasting memories in this beautiful colonial home. This property is in a prime location just 1.3 miles to Sentara Rockingham Memorial Hospital, 4.5 miles to James Madison University, 6.5 miles to Eastern Mennonite University, 2.7 miles to Valley Mall, 4 miles to downtown Harrisonburg, and 12 miles to Massanutten Resort and Water Park. Plus, enjoy easy access to I-81.

Details

Property type

Single Family Residence

Est. home value

$988,951

Lot size

5.92 acres

Price per sq ft

$223

Year built

1997

Annual property taxes

$5,359

Price History

11/01/2024
CharlottesvilleVA

CharlottesvilleVA #647907

Pending
$1,250,000
08/14/2024
CharlottesvilleVA

CharlottesvilleVA #647907

Price change
$1,250,000
-16.67%
06/10/2024
CharlottesvilleVA

CharlottesvilleVA #647907

Listed
$1,500,000

Schools & Community

Elementary school: 

Cub Run (Rockingham)

Middle school: 

Montevideo

High school: 

Spotswood

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

$362,186
Asking price
$1,250,000
Closing costs (~8% of asking)
-$100,000
Est. remaining loan balance
-$787,814
Cash to seller
$362,186

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

Seller’s Loan History

Lender

Fulton Bank Na

Loan start date

May 2021

Original loan amount

$849,000

Est. remaining balance

$787,814

Interest rate

3.17%

Loan type

New Conventional, 30 year

Seller

Jacob Vincent Whyte and Jennie Whyte

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: Pending/Under Contract

Tomo last checked: 11/08/2024 at 6:20 AM

Listing updated: 11/01/2024 at 11:13 AM

Listed by: Suzanne Bothamley, Funkhouser Real Estate Group Phone #: (540) 434-2400

MLS: CharlottesvilleVA #647907

CharlottesvilleVA logo

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