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....
| 2023 | 0 (ytd) | |
| 2022 |
|
7 |
| 2021 |
|
14 |
| 2020 |
|
7 |
| 2019 |
|
10 |
| 2018 |
|
8 |
| 2017 |
|
15 |
Median Sales Price....
| 2023 | $0 | |
| 2022 |
|
$230,750 |
| 2021 |
|
$195,500 |
| 2020 |
|
$187,000 |
| 2019 |
|
$162,750 |
| 2018 |
|
$165,950 |
| 2017 |
|
$153,000 |
Sample Avalon Woods Investment Analysis....
| Property Details | ||
| Purchase Price | $246,000 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $1,150 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $13,248 | |
| Expense (Annual) | ||
| Real Estate Taxes | $2,214 | estimate based on median sales price |
| Repairs | $575 | estimate based on typical property condition |
| Association Dues | $600 | estimated to be $50 per month |
| Property Management | $0 | assuming self management |
| Insurance | $886 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $4,375 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $13,248 | |
| - Operating Expenses | - $4,375 | |
| Net Operating Income | $8,873 | |
| - Annual Debt Service | - $11,568 | financing 80% of the purchase price at 4.25% |
| Cash Flow Before Taxes | $-2,695 | |
Sales in the Past 36 Months....
| Oct 27, 2022 | 826 Camelot Ln, Harrisonburg, VA 22801 | 2 BR | 2.5 BA | 1,836 SF | $246,000 |
| Sep 9, 2022 | 781 Merlins Way, Harrisonburg, VA 22801 | 2 BR | 2.5 BA | 1,276 SF | $235,000 |
| Jul 26, 2022 | 2419 Avalon Woods Dr, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,836 SF | $240,000 |
| May 27, 2022 | 891 Merlins Way, Harrisonburg, VA 22801 | 2 BR | 2.5 BA | 1,292 SF | $190,000 |
| Feb 10, 2022 | 2387 Avalon Woods Dr, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,292 SF | $183,500 |
| Jan 12, 2022 | 852 Camelot Ln, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,292 SF | $225,000 |
| Jan 10, 2022 | 844 Camelot Ln, Harrisonburg, VA 22801 | 2 BR | 3.5 BA | 1,836 SF | $230,750 |
| Nov 12, 2021 | 2339 Avalon Woods Dr, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,736 SF | $201,000 |
| Oct 29, 2021 | 731 Merlins Way, Harrisonburg, VA 22801 | 2 BR | 3.5 BA | 1,904 SF | $229,900 |
| Oct 1, 2021 | 2354 Avalon Woods Dr, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,276 SF | $170,000 |
| Oct 1, 2021 | 2352 Avalon Woods Dr, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,276 SF | $170,000 |
| Sep 28, 2021 | 824 Camelot Ln, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,276 SF | $190,000 |
| Sep 27, 2021 | 2356 Avalon Woods Dr, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,276 SF | $170,000 |
| Aug 31, 2021 | 2387 King Arthurs Ct, Harrisonburg, VA 22801 | 2 BR | 2.5 BA | 1,224 SF | $209,000 |
| Aug 30, 2021 | 2335 Avalon Woods Dr, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,292 SF | $190,000 |
| Aug 23, 2021 | 730 Merlins Way, Harrisonburg, VA 22801 | 2 BR | 2.5 BA | 1,276 SF | $182,900 |
| Jul 2, 2021 | 2316 Lancelot Ln, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,368 SF | $230,000 |
| Jun 30, 2021 | 2415 Avalon Woods Dr, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,904 SF | $240,000 |
| Apr 15, 2021 | 878 Camelot Ln, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,464 SF | $225,000 |
| Mar 17, 2021 | 2312 Lancelot Ln, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,464 SF | $226,000 |
| 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 |
Current Listings....
There are no properties on the market right now!
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