gorgeous House in Montpelier, Virginia (VA). ID: 11646960

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Type:	Acreage/Land
Address:	West Patrick Henry Road, Montpelier, VA, 23192
Bedrooms:	N/A
Bathrooms:	N/A
Year Built:	N/A
Sq. Footage:	54450.0
Price/Sqft:	$0.68
Property Tax:	^new! $432
Price:	$36,900
Sale Type:	For Sale By Owner

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Listing added: 2009-07-17

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Description

Additional features: Lot size: 1.25

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Cheap Buildable Lot in Hanover County!

All Feasibility is Complete and Ready to Build!

Only $36,900!!!

Tax Assessment $53,400

This 1.25 acre lot is located on West Patrick Henry Road in Montpelier, VA. It is known as Lot 4 and is only a 20-minute drive from Richmond’s west end. It is also only a stones-throw distance from the Montpelier Shoppes that includes Food Lion and other well-known retail stores. Enjoy the peacefulness of this country area while being only a walking distance from everything you need. This is a flagpole shaped lot that requires an alternative septic system and some site work in order to build a house. Another builder took the parcel completely through the permitting process only to find out that his funding dried up. Based on the comps below for existing houses (not lots), you should be able to sell a 1500 SF house on this lot for $200,000. At our LOW price you should be able to make a nice profit by building a home suitable for a first-time home buyer and priced at $200,000 or less. Don’t miss this great deal to make money in this market!

Sold Comps:

15028 Quaker Church Road 06/03/2009 1384 SF $190,000
Includes basement and garage, 5 acres, built in 1984

16223 Derby Ridge Road 02/25/2009 1383 SF $232,000
Includes garage, 2.3 acres, built in 1990

Pending Comps:

15125 Greenwood Church Road 06/17/2009 1525 SF $225,000
10 acres, built in 1960

Active Comps:

13492 Canterbury Road 1365 SF 3 acres $250,000

17120 Thomas Lane 1740 SF 2 acres $239,950