A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
MADISON MANOR
Hunters Ridge • Camden Townes • Fox Hill • Madison Manor • Pheasant Run • Campus View Condos
Sales Per Year....
| 2023 | 0 (ytd) | |
| 2022 |
|
4 |
| 2021 |
|
6 |
| 2020 | 0 | |
| 2019 |
|
3 |
| 2018 |
|
3 |
| 2017 |
|
8 |
| 2016 |
|
1 |
| 2015 |
|
3 |
| 2014 |
|
3 |
| 2013 |
|
2 |
| 2012 | 0 | |
| 2011 |
|
1 |
| 2010 |
|
2 |
| 2009 |
|
1 |
| 2008 |
|
3 |
| 2007 |
|
4 |
| 2006 |
|
2 |
| 2005 |
|
7 |
| 2004 |
|
5 |
| 2003 | 0 |
Median Sales Price....
| 2023 | $0 | |
| 2022 |
|
$132,875 |
| 2021 |
|
$109,500 |
| 2020 | $0 | |
| 2019 |
|
$102,000 |
| 2018 |
|
$78,000 |
| 2017 |
|
$73,000 |
| 2016 |
|
$66,500 |
| 2015 |
|
$65,000 |
| 2014 |
|
$64,000 |
| 2013 |
|
$77,000 |
| 2012 | $0 | |
| 2011 |
|
$70,000 |
| 2010 |
|
$56,250 |
| 2009 |
|
$107,000 |
| 2008 |
|
$103,500 |
| 2007 |
|
$104,500 |
| 2006 |
|
$107,450 |
| 2005 |
|
$97,500 |
| 2004 |
|
$69,000 |
| 2003 | $0 |
Sample Madison Manor Investment Analysis....
| Property Details | ||
| Purchase Price | $135,000 | 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 | $1,215 | 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 | $486 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $4,871 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $9,792 | |
| - Operating Expenses | - $4,871 | |
| Net Operating Income | $4,921 | |
| - Annual Debt Service | - $6,348 | financing 80% of the purchase price at 4.25% |
| Cash Flow Before Taxes | $-1,427 | |
Sales in the Past 36 Months....
| 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 |
| Oct 15, 2021 | 1229 Old Furnace Rd, Harrisonburg, VA 22801 | 4 BR | 2.5 BA | 1,240 SF | $165,000 |
| Aug 18, 2021 | 1030 Blue Ridge Dr, Harrisonburg, VA 22801 | 2 BR | 2 BA | 1,012 SF | $103,000 |
| Aug 18, 2021 | 1221 Old Furnace Rd, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,240 SF | $158,600 |
| Jul 6, 2021 | 1112 Blue Ridge Dr, Harrisonburg, VA 22801 | 2 BR | 2 BA | 1,012 SF | $95,000 |
| Jun 29, 2021 | 1014 Blue Ridge Dr, Harrisonburg, VA 22801 | 3 BR | 2 BA | 1,108 SF | $112,000 |
| Feb 26, 2021 | 1034 Blue Ridge Dr, Harrisonburg, VA 22801 | 3 BR | 2 BA | 1,108 SF | $107,000 |
Current Listings....
There are no properties on the market right now!
Neighborhood Map....