A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
AVALON WOODS
Avalon Woods • Beacon Hill Townes • Harmony Heights • Liberty Square
Sales Per Year....
| 2021 | 1 (ytd) | |
| 2020 |
|
7 |
| 2019 |
|
10 |
| 2018 |
|
8 |
| 2017 |
|
15 |
Median Sales Price....
| 2021 |
|
$169,900 |
| 2020 |
|
$187,000 |
| 2019 |
|
$162,750 |
| 2018 |
|
$165,950 |
| 2017 |
|
$153,000 |
Sample Avalon Woods Investment Analysis....
| Property Details | ||
| Purchase Price | $184,250 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $1,100 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $12,672 | |
| Expense (Annual) | ||
| Real Estate Taxes | $1,585 | estimate based on median sales price |
| Repairs | $550 | estimate based on typical property condition |
| Association Dues | $600 | estimated to be $50 per month |
| Property Management | $0 | assuming self management |
| Insurance | $663 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $3,498 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $12,672 | |
| - Operating Expenses | - $3,498 | |
| Net Operating Income | $9,174 | |
| - Annual Debt Service | - $8,172 | financing 80% of the purchase price at 3.75% |
| Cash Flow Before Taxes | $1,002 | |
Sales in the Past 36 Months....
| Jan 15, 2021 | 850 Merlins Way, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,276 SF | $169,900 | |
| Nov 17, 2020 | 904 Camelot Ln, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,410 SF | $219,000 | |
| Nov 9, 2020 | 801 Merlins Way, Harrisonburg, VA 22801 | 2 BR | 3.5 BA | 1,944 SF | $189,000 | |
| Oct 14, 2020 | 2385 Avalon Woods Dr, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,276 SF | $160,000 | |
| Sep 16, 2020 | 2324 Avalon Woods Dr, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,836 SF | $181,500 | |
| Jul 23, 2020 | 2314 Lancelot Ln, Harrisonburg, VA 22801 | 3 BR | 3 BA | 1,368 SF | $230,000 | |
| Jun 22, 2020 | 2345 Avalon Woods Dr, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,904 SF | $176,000 | |
| Jun 12, 2020 | 872 Camelot Ln, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,464 SF | $187,000 | |
| Nov 27, 2019 | 730 Camelot Ln, Harrisonburg, VA 22801 | 2 BR | 2.5 BA | 1,276 SF | $159,500 | |
| Nov 15, 2019 | 760 Camelot Ln, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,292 SF | $162,000 | |
| Sep 12, 2019 | 730 Merlins Way, Harrisonburg, VA 22801 | 2 BR | 2.5 BA | 1,276 SF | $155,000 | |
| Jul 1, 2019 | 2387 King Arthurs Ct, Harrisonburg, VA 22801 | 2 BR | 2.5 BA | 1,224 SF | $167,000 | |
| Jun 28, 2019 | 904 Camelot Ln, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,410 SF | $197,000 | |
| May 15, 2019 | 2339 Avalon Woods Dr, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,736 SF | $164,000 | |
| May 13, 2019 | 869 Camelot Ln, Harrisonburg, VA 22801 | 3 BR | 3.5 BA | 1,836 SF | $175,000 | |
| Apr 15, 2019 | 856 Camelot Ln, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,276 SF | $153,000 | |
| Mar 21, 2019 | 2443 Avalon Woods Dr, Harrisonburg, VA 22801 | 4 BR | 1.5 BA | 1,888 SF | $161,000 | |
| Jan 22, 2019 | 2396 King Arthurs Ct, Harrisonburg, VA 22801 | 2 BR | 2.5 BA | 1,648 SF | $163,500 | |
| Nov 5, 2018 | 822 Camelot Ln, Harrisonburg, VA 22801 | 2 BR | 2.5 BA | 1,276 SF | $157,900 | |
| Oct 29, 2018 | 2388 King Arthurs Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,640 SF | $174,000 | |
| Aug 30, 2018 | 2409 King Arthurs Ct, Harrisonburg, VA 22801 | 2 BR | 2.5 BA | 1,292 SF | $150,000 | |
| Aug 20, 2018 | 2427 Avalon Woods Dr, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,904 SF | $174,900 | |
| Jul 13, 2018 | 710 Merlins Way, Harrisonburg, VA 22801 | 2 BR | 2.5 BA | 1,292 SF | $154,000 | |
| Jun 5, 2018 | 2435 Avalon Woods Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,888 SF | $174,500 | |
| Apr 20, 2018 | 770 Merlins Way, Harrisonburg, VA 22801 | 2 BR | 2.5 BA | 1,276 SF | $147,000 | |
| Mar 8, 2018 | 2318 Lancelot Ln, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,464 SF | $200,000 |
Current Listings....
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