Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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MADISON MANOR
Hunters Ridge  •  Camden Townes  •  Fox Hill  •  Madison Manor  •  Pheasant Run  •  Campus View Condos
madison manor
Sales Per Year....
2024 Townhouse Sale  Townhouse Sale  2  (ytd)
2023 Townhouse Sale  Townhouse Sale  Townhouse Sale  3
2022 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  4
2021 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  6
2020 0
2019 Townhouse Sale  Townhouse Sale  Townhouse Sale  3
2018 Townhouse Sale  Townhouse Sale  Townhouse Sale  3
2017 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  8
2016 Townhouse Sale  1
2015 Townhouse Sale  Townhouse Sale  Townhouse Sale  3
2014 Townhouse Sale  Townhouse Sale  Townhouse Sale  3
2013 Townhouse Sale  Townhouse Sale  2
2012 0
2011 Townhouse Sale  1
2010 Townhouse Sale  Townhouse Sale  2
2009 Townhouse Sale  1
2008 Townhouse Sale  Townhouse Sale  Townhouse Sale  3
2007 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  4
2006 Townhouse Sale  Townhouse Sale  2
2005 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  7
2004 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  5
 
Median Sales Price....
2024 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $183,500
2023 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $179,900
2022 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $132,875
2021 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $109,500
2020 $0
2019 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $102,000
2018 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $78,000
2017 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $73,000
2016 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $66,500
2015 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $65,000
2014 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $64,000
2013 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $77,000
2012 $0
2011 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $70,000
2010 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $56,250
2009 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $107,000
2008 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $103,500
2007 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $104,500
2006 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $107,450
2005 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $97,500
2004 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $69,000


Sample Madison Manor Investment Analysis....
Property Details
Purchase Price $183,500 based on median sales price
 
Income (Annual)
Monthly Rental Rate $850 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $9,792     
 
Expense (Annual)
Real Estate Taxes $1,652 estimate based on median sales price
Repairs $850 estimate based on typical property condition
Association Dues $2,220 estimated to be $185 per month
Property Management $0 assuming self management
Insurance $661 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $5,482  
 
Cash Flow Before Tax
Gross Operating Income $9,792  
 - Operating Expenses  - $5,482  
Net Operating Income $4,310     
 - Annual Debt Service  - $12,480 financing 80% of the purchase price at 7.75%
Cash Flow Before Taxes    $-8,170     
Sales in the Past 36 Months....
Aug 1, 2024 1116 Blue Ridge Dr, Harrisonburg, VA 22801 3 BR 2 BA 1,108 SF $170,000
May 31, 2024 1215 Old Furnace Rd, Harrisonburg, VA 22801 4 BR 2.5 BA 1,249 SF $197,000
Sep 14, 2023 1112 Blue Ridge Dr, Harrisonburg, VA 22801 2 BR 2 BA 1,012 SF $140,000
Jun 7, 2023 1014 Blue Ridge Dr, Harrisonburg, VA 22801 3 BR 2 BA 1,108 SF $179,900
May 31, 2023 1010 Blue Ridge Dr, Harrisonburg, VA 22801 3 BR 2 BA 1,108 SF $189,900
Sep 19, 2022 1205 Old Furnace Rd, Harrisonburg, VA 22801 4 BR 2.5 BA 1,240 SF $180,000
Aug 19, 2022 1018 Blue Ridge Dr, Harrisonburg, VA 22801 2 BR 2 BA 1,012 SF $135,000
Jun 17, 2022 1034 Blue Ridge Dr, Harrisonburg, VA 22801 3 BR 2 BA 1,108 SF $130,750
Apr 18, 2022 1010 Blue Ridge Dr, Harrisonburg, VA 22801 3 BR 2 BA 1,108 SF $126,000
Current Listings....
There are no properties on the market right now!
Neighborhood Map....
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Have Questions?  Contact Scott P. Rogers at 540-578-0102 or scott@HarrisonburgHousingToday.com.