A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
HARMONY HEIGHTS
Avalon Woods • Beacon Hill Townes • Harmony Heights • Liberty Square
Sales Per Year....
| 2020 |
|
4 (ytd) |
| 2019 |
|
6 |
| 2018 |
|
11 |
| 2017 |
|
7 |
| 2016 |
|
10 |
Median Sales Price....
| 2020 |
|
$208,250 |
| 2019 |
|
$193,750 |
| 2018 |
|
$159,000 |
| 2017 |
|
$189,900 |
| 2016 |
|
$195,500 |
Sample Harmony Heights Investment Analysis....
| Property Details | ||
| Purchase Price | $222,500 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $1,000 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $11,520 | |
| Expense (Annual) | ||
| Real Estate Taxes | $1,891 | estimate based on median sales price |
| Repairs | $500 | estimate based on typical property condition |
| Association Dues | $540 | estimated to be $45 per month |
| Property Management | $0 | assuming self management |
| Insurance | $801 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $3,832 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $11,520 | |
| - Operating Expenses | - $3,832 | |
| Net Operating Income | $7,688 | |
| - Annual Debt Service | - $12,048 | financing 80% of the purchase price at 5.5% |
| Cash Flow Before Taxes | $-4,360 | |
Sales in the Past 36 Months....
| Aug 6, 2020 | 2075 Buttonwood Ct, Harrisonburg, VA 22801 | 3 BR | 3.5 BA | 2,140 SF | $235,000 | |
| Aug 3, 2020 | 1990 Buttonwood Ct, Harrisonburg, VA 22801 | 3 BR | 3.5 BA | 2,760 SF | $227,500 | |
| Jul 17, 2020 | 1328 Old Windmill Cir, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,412 SF | $174,000 | |
| Jun 1, 2020 | 1280 Old Windmill Cir, Harrisonburg, VA 22801 | 4 BR | 3 BA | 2,112 SF | $189,000 | |
| Dec 16, 2019 | 1954 Buttonwood Ct, Harrisonburg, VA 22801 | 3 BR | 3.5 BA | 2,394 SF | $217,500 | |
| Dec 2, 2019 | 2065 Buttonwood Ct, Harrisonburg, VA 22801 | 3 BR | 3.5 BA | 2,128 SF | $239,900 | |
| Oct 23, 2019 | 1232 Old Windmill Cir, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,400 SF | $169,000 | |
| Aug 30, 2019 | 2150 Lake Terrace Dr, Harrisonburg, VA 22801 | 5 BR | 3 BA | 2,760 SF | $257,000 | |
| Jul 26, 2019 | 1222 Old Windmill Cir, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,414 SF | $168,500 | |
| Jul 1, 2019 | 1302 Old Windmill Cir, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,400 SF | $170,000 | |
| Sep 24, 2018 | 1851 Buttonwood Ct, Harrisonburg, VA 22801 | 3 BR | 3 BA | 2,816 SF | $228,000 | |
| Aug 15, 2018 | 2049 Buttonwood Ct, Harrisonburg, VA 22801 | 3 BR | 3.5 BA | 2,128 SF | $208,500 | |
| Jun 18, 2018 | 1967 Buttonwood Ct, Harrisonburg, VA 22801 | 3 BR | 3.5 BA | 2,270 SF | $212,000 | |
| Jun 12, 2018 | 1925 Buttonwood Ct, Harrisonburg, VA 22801 | 3 BR | 3.5 BA | 2,182 SF | $207,000 | |
| May 24, 2018 | 1661 Buttonwood Ct, Harrisonburg, VA 22801 | 2 BR | 1.5 BA | 972 SF | $124,000 | |
| May 15, 2018 | 2273 Lake Terrace Dr, Harrisonburg, VA 22801 | 3 BR | 2 BA | 1,785 SF | $240,239 | |
| May 4, 2018 | 1338 Old Windmill Cir, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,412 SF | $159,000 | |
| Mar 30, 2018 | 1232 Old Windmill Cir, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,400 SF | $158,000 | |
| Mar 10, 2018 | 1657 Buttonwood Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,240 SF | $129,900 | |
| Mar 8, 2018 | 1318 Old Windmill Cir, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,400 SF | $155,000 | |
| Feb 9, 2018 | 1302 Old Windmill Cir, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,400 SF | $157,000 | |
| Dec 29, 2017 | 2061 Buttonwood Ct, Harrisonburg, VA 22801 | 3 BR | 3.5 BA | 2,228 SF | $207,500 | |
| Oct 13, 2017 | 1228 Old Windmill Cir, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,414 SF | $145,000 | |
| Oct 11, 2017 | 2341 Virginia Ave, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,874 SF | $189,900 | |
| Aug 25, 2017 | 1402 Old Windmill Cir, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,412 SF | $170,000 |
Current Listings....
2270 Lake Terrace Dr
2 Beds • 3 Baths
2,608 livable square feet
$325,000 (For Sale)
Listing By: RE/MAX Performance Realty
Neighborhood Map....