A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
NORTHFIELD ESTATES
Northfield Estates • Parkcrest • Reherd Acres • Stonewall Heights
Sales Per Year....
| 2023 |
|
2 (ytd) |
| 2022 |
|
9 |
| 2021 |
|
8 |
| 2020 |
|
2 |
| 2019 |
|
4 |
| 2018 |
|
10 |
| 2017 |
|
6 |
Median Sales Price....
| 2023 |
|
$197,500 |
| 2022 |
|
$183,500 |
| 2021 |
|
$166,000 |
| 2020 |
|
$139,250 |
| 2019 |
|
$146,500 |
| 2018 |
|
$139,750 |
| 2017 |
|
$132,200 |
Sample Northfield Estates Investment Analysis....
| Property Details | ||
| Purchase Price | $197,500 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $975 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $11,232 | |
| Expense (Annual) | ||
| Real Estate Taxes | $1,778 | estimate based on median sales price |
| Repairs | $488 | estimate based on typical property condition |
| Association Dues | $432 | estimated to be $36 per month |
| Property Management | $0 | assuming self management |
| Insurance | $711 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $3,508 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $11,232 | |
| - Operating Expenses | - $3,508 | |
| Net Operating Income | $7,724 | |
| - Annual Debt Service | - $9,288 | financing 80% of the purchase price at 4.25% |
| Cash Flow Before Taxes | $-1,564 | |
Sales in the Past 36 Months....
| Sep 28, 2023 | 909 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,120 SF | $210,000 |
| Mar 3, 2023 | 879 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,224 SF | $185,000 |
| Oct 31, 2022 | 919 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,080 SF | $178,500 |
| Oct 17, 2022 | 463 Northglen Ln, Harrisonburg, VA 22801 | 3 BR | 3.5 BA | 1,920 SF | $230,000 |
| Sep 21, 2022 | 729 Northfield Ct, Harrisonburg, VA 22801 | 2 BR | 1.5 BA | 1,166 SF | $169,500 |
| Aug 31, 2022 | 833 Northfield Ct, Harrisonburg, VA 22801 | 2 BR | 1.5 BA | 1,224 SF | $183,500 |
| May 16, 2022 | 667 Northfield Ct, Harrisonburg, VA 22801 | 2 BR | 2.5 BA | 1,860 SF | $216,000 |
| May 11, 2022 | 731 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,144 SF | $175,000 |
| May 6, 2022 | 745 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,644 SF | $200,000 |
| Apr 14, 2022 | 839 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,224 SF | $190,000 |
| Mar 25, 2022 | 956 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,372 SF | $175,000 |
| Dec 15, 2021 | 802 Northfield Ct, Harrisonburg, VA 22801 | 2 BR | 1.5 BA | 1,374 SF | $169,000 |
| Nov 5, 2021 | 713 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 2 BA | 1,804 SF | $210,200 |
| Nov 5, 2021 | 406 Glenfield Ct, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,146 SF | $181,500 |
| Oct 29, 2021 | 751 Northfield Ct, Harrisonburg, VA 22801 | 2 BR | 2 BA | 1,224 SF | $191,000 |
| Jul 9, 2021 | 954 Northfield Ct, Harrisonburg, VA 22801 | 2 BR | 1.5 BA | 1,372 SF | $163,000 |
| Mar 19, 2021 | 948 Northfield Ct, Harrisonburg, VA 22801 | 2 BR | 1.5 BA | 1,280 SF | $151,000 |
| Mar 16, 2021 | 721 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 2 BA | 1,508 SF | $125,000 |
| Feb 12, 2021 | 420 Washington St, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,620 SF | $160,000 |
Current Listings....
There are no properties on the market right now!
Neighborhood Map....