Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
HarrisonburgInvestmentProperties.com
 A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com 

College Rentals Multi Family Properties Newer Townhouses Upscale Townhouses Slightly Older Townhouses Foreclosures Bank Owned Properties
THE TOWNES AT BLUESTONE
Taylor Spring  •  The Townes at Bluestone
the townes at bluestone
Sales Per Year....
2020 Townhouse Sale  4  (ytd)
2019 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  26
2018 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  24
2017 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  20
2016 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  11
 
Median Sales Price....
2020 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $233,400
2019 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $241,867
2018 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $229,500
2017 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 $207,250


Sample The Townes at Bluestone Investment Analysis....
Property Details
Purchase Price $241,825 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 $2,056 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 $871 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $4,086  
 
Cash Flow Before Tax
Gross Operating Income $16,128  
 - Operating Expenses  - $4,086  
Net Operating Income $12,042     
 - Annual Debt Service  - $13,092 financing 80% of the purchase price at 5.5%
Cash Flow Before Taxes    $-1,050     
Sales in the Past 36 Months....
Mar 27, 2020 2215 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,616 SF $232,000  
Mar 13, 2020 2223 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,616 SF $225,000  
Mar 6, 2020 2225 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,616 SF $243,800  
Mar 6, 2020 2221 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,616 SF $234,800  
Dec 30, 2019 2247 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,616 SF $240,775  
Dec 27, 2019 2241 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,616 SF $254,135  
Dec 23, 2019 2249 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,616 SF $249,300  
Dec 13, 2019 2243 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,616 SF $242,955  
Dec 9, 2019 2245 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,616 SF $239,155  
Nov 15, 2019 383 Blue Stone Hills Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 2,365 SF $260,000  
Oct 31, 2019 2230 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $242,470  
Oct 18, 2019 2226 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $246,800  
Oct 16, 2019 2222 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $251,875  
Oct 15, 2019 2224 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $253,060  
Oct 9, 2019 2228 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $238,850  
Oct 9, 2019 2232 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $239,000  
Aug 26, 2019 372 Tanzanite Dr, Harrisonburg, VA 22801 3 BR 3 BA 2,144 SF $252,000  
Aug 15, 2019 2230 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $244,500  
Aug 6, 2019 374 Blue Stone Hills Dr, Harrisonburg, VA 22801 4 BR 3.5 BA 2,208 SF $257,400  
Aug 1, 2019 2233 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,616 SF $215,600  
Jul 26, 2019 2235 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,616 SF $213,100  
Jul 25, 2019 2231 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,616 SF $238,250  
Jul 23, 2019 2237 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,616 SF $238,350  
Jul 12, 2019 380 Blue Stone Hills Dr, Harrisonburg, VA 22801 3 BR 3 BA 2,000 SF $239,900  
May 20, 2019 2238 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $244,800  
May 15, 2019 2244 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $239,300  
May 15, 2019 2240 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $241,825  
May 9, 2019 2242 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $241,909  
Apr 26, 2019 2236 Deyerle Ave, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $233,000  
Feb 21, 2019 314 Sapphire Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,616 SF $226,000  
Dec 21, 2018 312 Sapphire Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,616 SF $238,550  
Dec 18, 2018 316 Sapphire Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,616 SF $232,870  
Dec 14, 2018 310 Sapphire Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,616 SF $246,659  
Nov 29, 2018 318 Sapphire Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,616 SF $209,900  
Nov 29, 2018 320 Sapphire Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,616 SF $244,398  
Aug 28, 2018 384 Tanzanite Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,744 SF $231,000  
Aug 17, 2018 386 Tanzanite Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,744 SF $223,197  
Aug 13, 2018 2230 Lapis Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $236,500  
Aug 1, 2018 388 Tanzanite Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,744 SF $235,100  
Jul 31, 2018 382 Tanzanite Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,744 SF $216,900  
Jul 27, 2018 390 Tanzanite Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $229,500  
Jul 9, 2018 380 Tanzanite Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $230,950  
Jun 1, 2018 364 Blue Stone Hills Dr, Harrisonburg, VA 22801 3 BR 3 BA 2,196 SF $235,000  
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  
Current Listings....

2211 Lapis Ln
3 Beds  •  2 Baths  •  2 Half Baths
2,448 livable square feet
$259,900 (For Sale)
Listing By: Old Dominion Realty Inc

2211 Deyerle Ave
3 Beds  •  2 Baths  •  1 Half Baths
1,616 livable square feet
$262,500 (For Sale)
Listing By: Funkhouser Real Estate Group
Neighborhood Map....
Learn About Investing   Investment Analysis Tools
Have Questions?  Contact Scott P. Rogers at 540-578-0102 or scott@HarrisonburgHousingToday.com.