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Sold for $2,000,000
  • $2,000,000

    1068 River Oak Dr, Forest, VA 24551

    --beds
    0baths
    850sqft
    MultiFamily
    Built in 1984
    -- sqft lot
    $-- Zestimate®
    $2,353/sqft
    $1,033 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,033/mo

    Zestimate® history
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    $1,033/mo

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    Rent Zestimate®

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    $11,463/mo

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    $11,463/mo

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    What's special

    Do you want to own rental property in Forest in nice condition that is easy to maintain and rent, then Willow Oak Village is for YOU! A unique property consisting of 17 two bedroom, one bath units. It made up of 5 single family homes, a 3 plex, a 9 plex on 7 acres and views of the Peaks of Otter. Major work completed including metal roofs on all buildings and new asphalt parking lot and driveway. This property was a church camp at one time and has a rustic feel but modern amenities. Owner pays for lawn maintenance, county water and trash pickup. Tenants pay their own electric and each has a heat pump. Each unit has washer/dryer hookups. Many Units have newer Kitchens & vinyl plank flooring. Forest Schools. Includes a 48 X 24 Garage under the 9 plex used as a shop or storage. All units are on one Deed and can not be separated. All units occupied under annual leases. No dogs on property, but tenants are allowed 1 cat. Could possibly build additonal units on the existing property.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Heat pump
    Cooling
    • Other
    Features
    • Has fireplace: No
    Interior area
    • Total interior livable area: 850 sqft

    Property

    Features
    • Exterior features: Wood
    Lot
    • Size: 7.23 Acres
    Details
    • Parcel number: 1353828

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Conventional
    Materials
    • Wood
    • Roof: Metal
    Condition
    • Year built: 1984

    Utilities & green energy

    • Sewer: Septic Tank

    Community & HOA

    Location
    • Region: Forest

    Financial & listing details

    • Price per square foot: $2,353/sqft
    • Tax assessed value: $1,352,300
    • Annual tax amount: $5,544

    Price history

    DateEventPrice
    5/5/2025Sold$2,000,000+51.5%$2,353/sqft
    Source: Public Record Report a problem
    6/28/2021Sold$1,320,000-5.7%$1,553/sqft
    Source: LMLS #330479 Report a problem
    4/7/2021Pending sale$1,400,000$1,647/sqft
    Source: LMLS #330479 Report a problem
    3/26/2021Listed for sale$1,400,000$1,647/sqft
    Source: LMLS #330479 Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    8/23/2019Listing removed$675$1/sqft
    Source: Owner Report a problem
    8/7/2019Listed for rent$675$1/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,544 $1,352,300
    2024$5,544 $1,352,300
    2023$5,544 +16.5%$1,352,300 +42.1%
    2022$4,759 $951,700
    2021$4,759 $951,700
    2020$4,759 -3.8%$951,700
    2019$4,949 +76.1%$951,700 +76.1%
    2018$2,810 0%$540,500
    2017$2,811 $540,500
    2016$2,811 $540,500
    2015$2,811 +1.8%$540,500 +1.8%
    2014$2,760 +4%$530,700
    2013$2,654 $530,700
    2012$2,654 $530,700
    2011$2,654 +0.6%$530,700 +0.6%
    2009$2,637 $527,400
    Find assessor info on the county website

    Neighborhood: 24551

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Bedford

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.