Sold for $350,000

$350,000

1300 Spruce St, Martinsville, VA 24112

--beds

--baths

5,040sqft

Multi Family

Built in 1929

-- sqft lot

$-- Zestimate^®

$69/sqft

$956 Estimated rent

Home value

Not available

Estimated sales range

Not available

$956/mo

Zestimate^® history

Owner options

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$956/mo

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$956/mo

Rent Zestimate^®

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$2,138/mo

Est. payment

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$2,138/mo

Est. payment

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What's special

**INVESTORS** This 8 Unit apartment building is fully leased and only 35 minutues from Danville! In the Druid Hills subdivision, this apartment building is a great investment opportinity for those looking to grow their portfolio. Showings require 72 hr notice. Proof of funds or pre-approval required prior to scheduling. Property sold As Is. Please do not disturb tenants. Property sale includes two tax parcels.

Facts & features

Interior

Heating

Heat Pump Electric

Cooling

Heat Pump Electric

Features

Has basement: No

Interior area

Total structure area: 5,040
Total interior livable area: 5,040 sqft

Property

Parking

Parking features: Private (1 - 9)

Lot

Size: 0.45 Acres

Details

Parcel number: 55 (03 )45 /14

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick

Condition

Completed
Year built: 1929

Utilities & green energy

Electric: 0 Phase
Sewer: Public Sewer

Community & HOA

Community

Subdivision: N/A

HOA

Has HOA: No

Location

Region: Martinsville

Financial & listing details

Price per square foot: $69/sqft
Tax assessed value: $23,500
Annual tax amount: $1,985
Date on market: 5/30/2024
Tenant pays: Electricity, Water

Price history

Date	Event	Price
10/31/2024	Sold	$350,000-10.3%$69/sqft
Source: RVAR #908053 Report a problem
9/16/2024	Pending sale	$390,000$77/sqft
Source: RVAR #908053 Report a problem
9/3/2024	Price change	$390,000-3.7%$77/sqft
Source: MVMLS #141587 Report a problem
8/7/2024	Pending sale	$405,000$80/sqft
Source: MVMLS #141587 Report a problem
8/2/2024	Listed for sale	$405,000$80/sqft
Source: MVMLS #141587 Report a problem
7/5/2024	Pending sale	$405,000$80/sqft
Source: RVAR #908053 Report a problem
6/15/2024	Listed for sale	$405,000$80/sqft
Source: RVAR #908053 Report a problem
6/7/2024	Pending sale	$405,000$80/sqft
Source: MVMLS #141587 Report a problem
5/30/2024	Listed for sale	$405,000+39.7%$80/sqft
Source: MVMLS #141587 Report a problem
11/1/2022	Sold	$290,000$58/sqft
Source: MVMLS #138660 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$177 +123.5%	$23,500 +193.8%
2024	$79	$8,000
2023	$79 -4.8%	$8,000
2022	$83	$8,000
2021	$83 -2.1%	$8,000
2020	$85	$8,000
2019	--	$8,000 -11.1%
2018	$96	$9,000
2017	$96	$9,000
2016	$96	$9,000
2015	$96	$9,000 -6.3%
2014	$96	$9,600