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....
| 2024 |
|
2 (ytd) |
| 2023 |
|
2 |
| 2022 |
|
9 |
| 2021 |
|
8 |
| 2020 |
|
2 |
| 2019 |
|
4 |
| 2018 |
|
10 |
Median Sales Price....
| 2024 |
|
$220,500 |
| 2023 |
|
$197,500 |
| 2022 |
|
$183,500 |
| 2021 |
|
$166,000 |
| 2020 |
|
$139,250 |
| 2019 |
|
$146,500 |
| 2018 |
|
$139,750 |
Sample Northfield Estates Investment Analysis....
| Property Details | ||
| Purchase Price | $210,000 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $1,050 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $12,096 | |
| Expense (Annual) | ||
| Real Estate Taxes | $1,890 | estimate based on median sales price |
| Repairs | $525 | estimate based on typical property condition |
| Association Dues | $432 | estimated to be $36 per month |
| Property Management | $0 | assuming self management |
| Insurance | $756 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $3,703 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $12,096 | |
| - Operating Expenses | - $3,703 | |
| Net Operating Income | $8,393 | |
| - Annual Debt Service | - $14,280 | financing 80% of the purchase price at 7.75% |
| Cash Flow Before Taxes | $-5,887 | |
Sales in the Past 36 Months....
| Mar 7, 2024 | 737 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,817 SF | $260,000 |
| Feb 20, 2024 | 663 Northfield Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,820 SF | $181,000 |
| 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 |
Current Listings....
There are no properties on the market right now!
Neighborhood Map....