Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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THE TOWNES AT BLUESTONE
Taylor Spring  •  The Townes at Bluestone
the townes at bluestone
Sales Per Year....
2018 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  11  (ytd)
2017 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  20
2016 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  11
2015 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  12
2014 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  10
 
Median Sales Price....
2018 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $226,200
2017 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $215,000
2016 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $207,250
2015 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $193,650
2014 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $198,750


Sample The Townes at Bluestone Investment Analysis....
Property Details
Purchase Price $215,900 based on median sales price
 
Income (Annual)
Monthly Rental Rate $1,400 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $16,128     
 
Expense (Annual)
Real Estate Taxes $1,835 estimate based on median sales price
Repairs $700 estimate based on typical property condition
Association Dues $360 estimated to be $30 per month
Property Management $0 assuming self management
Insurance $777 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $3,772  
 
Cash Flow Before Tax
Gross Operating Income $16,128  
 - Operating Expenses  - $3,772  
Net Operating Income $12,356     
 - Annual Debt Service  - $11,568 financing 80% of the purchase price at 5.4%
Cash Flow Before Taxes    $788     
Sales in the Past 36 Months....
May 18, 2018 330 Sapphire Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,712 SF $228,000  
May 15, 2018 376 Blue Stone Hills Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 2,116 SF $232,500  
May 14, 2018 378 Blue Stone Hills Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,616 SF $235,000  
May 8, 2018 375 Blue Stone Hills Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,656 SF $221,000  
May 4, 2018 328 Sapphire Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,712 SF $226,200  
Apr 27, 2018 324 Sapphire Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,632 SF $227,745  
Apr 18, 2018 326 Sapphire Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,632 SF $229,500  
Apr 6, 2018 336 Sapphire Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,632 SF $215,380  
Mar 30, 2018 332 Sapphire Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,632 SF $199,900  
Mar 28, 2018 334 Sapphire Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,632 SF $213,100  
Mar 9, 2018 338 Sapphire Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,632 SF $212,700  
Dec 15, 2017 376 Tanzanite Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $222,900  
Dec 13, 2017 370 Tanzanite Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,744 SF $235,998  
Dec 13, 2017 374 Tanzanite Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,744 SF $215,900  
Dec 6, 2017 372 Tanzanite Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $217,850  
Nov 1, 2017 359 Blue Stone Hills Dr, Harrisonburg, VA 22801 2 BR 2.5 BA 1,636 SF $215,000  
Nov 1, 2017 2243 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 2,132 SF $215,000  
Aug 29, 2017 2215 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,632 SF $199,000  
Aug 9, 2017 2245 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 2,158 SF $194,900  
Jul 21, 2017 344 Sapphire Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,632 SF $226,050  
Jul 17, 2017 342 Sapphire Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,632 SF $206,000  
Jun 20, 2017 348 Sapphire Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,632 SF $207,675  
May 23, 2017 2247 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 2,158 SF $196,050  
May 19, 2017 2244 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $208,400  
May 12, 2017 2236 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $204,900  
Mar 31, 2017 2249 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 2,158 SF $216,275  
Mar 31, 2017 369 Blue Stone Hills Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,840 SF $210,000  
Feb 14, 2017 2246 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $218,000  
Jan 31, 2017 346 Sapphire Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,632 SF $194,500  
Jan 17, 2017 2242 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $223,900  
Jan 12, 2017 2248 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $221,919  
Dec 6, 2016 2243 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 2,158 SF $201,305  
Sep 1, 2016 2232 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $205,900  
Aug 5, 2016 348 Blue Stone Hills Dr, Harrisonburg, VA 22801 2 BR 2.5 BA 1,617 SF $188,000  
Aug 1, 2016 2238 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $221,910  
Jul 29, 2016 2234 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $220,835  
Jul 29, 2016 351 Blue Stone Hills Dr, Harrisonburg, VA 22801 2 BR 2.5 BA 1,768 SF $189,900  
Jul 26, 2016 2230 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $212,000  
May 26, 2016 371 Blue Stone Hills Dr, Harrisonburg, VA 22801 3 BR 3.5 BA 2,280 SF $199,900  
Jan 7, 2016 2224 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $212,250  
Jan 7, 2016 2220 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $207,250  
Jan 7, 2016 2222 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $207,250  
Dec 28, 2015 357 Blue Stone Hills Dr, Harrisonburg, VA 22801 2 BR 2.5 BA 1,652 SF $176,500  
Dec 7, 2015 2189 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,616 SF $174,000  
Dec 4, 2015 2219 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,632 SF $194,900  
Dec 3, 2015 2218 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $212,250  
Aug 21, 2015 2223 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,632 SF $199,500  
Aug 20, 2015 2221 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,632 SF $192,000  
Jul 31, 2015 2215 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,632 SF $192,400  
Jul 30, 2015 361 Blue Stone Hills Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,472 SF $182,500  
Jun 30, 2015 363 Blue Stone Hills Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,768 SF $210,000  
May 22, 2015 2211 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,632 SF $216,225  
Current Listings....

314 Sapphire Dr
3 Beds  •  2 Baths  •  1 Half Baths
1,616 livable square feet
$210,900 (For Sale)
Listing By: Funkhouser Real Estate Group

316 Sapphire Dr
3 Beds  •  2 Baths  •  1 Half Baths
1,616 livable square feet
$216,900 (For Sale)
Listing By: Funkhouser Real Estate Group

312 Sapphire Dr
3 Beds  •  2 Baths  •  1 Half Baths
1,616 livable square feet
$217,900 (For Sale)
Listing By: Funkhouser Real Estate Group

310 Sapphire Dr
3 Beds  •  2 Baths  •  1 Half Baths
1,616 livable square feet
$222,900 (For Sale)
Listing By: Funkhouser Real Estate Group
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Have Questions?  Contact Scott P. Rogers at 540-578-0102 or scott@HarrisonburgHousingToday.com.