A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
NORTHFIELD ESTATES
Northfield Estates • Parkcrest • Reherd Acres • Stonewall Heights
Sales Per Year....
| 2018 |
|
5 (ytd) |
| 2017 |
|
6 |
| 2016 |
|
6 |
| 2015 |
|
7 |
| 2014 |
|
9 |
Median Sales Price....
| 2018 |
|
$140,000 |
| 2017 |
|
$132,200 |
| 2016 |
|
$119,500 |
| 2015 |
|
$112,000 |
| 2014 |
|
$116,000 |
Sample Northfield Estates Investment Analysis....
| Property Details | ||
| Purchase Price | $141,500 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $800 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $9,216 | |
| Expense (Annual) | ||
| Real Estate Taxes | $1,203 | estimate based on median sales price |
| Repairs | $400 | estimate based on typical property condition |
| Association Dues | $432 | estimated to be $36 per month |
| Property Management | $0 | assuming self management |
| Insurance | $509 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $2,644 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $9,216 | |
| - Operating Expenses | - $2,644 | |
| Net Operating Income | $6,572 | |
| - Annual Debt Service | - $7,668 | financing 80% of the purchase price at 5.5% |
| Cash Flow Before Taxes | $-1,096 | |
Sales in the Past 36 Months....
| Jun 28, 2018 | 661 Northfield Ct, Harrisonburg, VA 22801 | 2 BR | 2.5 BA | 1,980 SF | $158,000 | |
| Jun 22, 2018 | 909 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,146 SF | $139,000 | |
| Apr 30, 2018 | 841 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,224 SF | $140,000 | |
| Apr 16, 2018 | 463 Northglen Ln, Harrisonburg, VA 22801 | 3 BR | 3.5 BA | 1,830 SF | $155,000 | |
| Mar 28, 2018 | 837 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,224 SF | $139,500 | |
| Aug 31, 2017 | 667 Northfield Ct, Harrisonburg, VA 22801 | 2 BR | 2.5 BA | 1,857 SF | $143,000 | |
| Jun 30, 2017 | 420 Washington St, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,620 SF | $112,000 | |
| Jun 27, 2017 | 869 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,360 SF | $132,500 | |
| May 18, 2017 | 412 Glenfield Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,360 SF | $149,900 | |
| Feb 14, 2017 | 405 Glenfield Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 560 SF | $126,000 | |
| Jan 11, 2017 | 813 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,224 SF | $131,900 | |
| Dec 16, 2016 | 891 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,224 SF | $124,000 | |
| Nov 18, 2016 | 651 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,320 SF | $135,500 | |
| Oct 28, 2016 | 855 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 2,303 SF | $141,500 | |
| Jun 15, 2016 | 922 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,080 SF | $115,000 | |
| Apr 25, 2016 | 920 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,080 SF | $112,500 | |
| Apr 7, 2016 | 721 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 2 BA | 1,508 SF | $102,750 | |
| Dec 22, 2015 | 408 Washington St, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,810 SF | $134,000 | |
| Nov 4, 2015 | 655 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,320 SF | $105,000 | |
| Oct 22, 2015 | 408 Northfield Ct, Harrisonburg, VA 22801 | 2 BR | 1.5 BA | 1,154 SF | $96,000 | |
| Jul 28, 2015 | 865 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,836 SF | $136,700 |
Current Listings....
401 Glenfield Dr
3 Beds • 1 Baths • 1 Half Baths
1,120 livable square feet
$139,900 (For Sale)
Listing By: Kline May Realty
Neighborhood Map....