A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
PARKCREST
Northfield Estates • Parkcrest • Reherd Acres • Stonewall Heights
Sales Per Year....
| 2021 |
|
2 (ytd) |
| 2020 |
|
3 |
| 2019 |
|
8 |
| 2018 |
|
2 |
| 2017 |
|
6 |
| 2016 |
|
7 |
| 2015 |
|
9 |
Median Sales Price....
| 2021 |
|
$167,000 |
| 2020 |
|
$150,000 |
| 2019 |
|
$132,213 |
| 2018 |
|
$139,450 |
| 2017 |
|
$117,750 |
| 2016 |
|
$109,400 |
| 2015 |
|
$110,000 |
Sample Parkcrest Investment Analysis....
| Property Details | ||
| Purchase Price | $155,500 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $900 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $10,368 | |
| Expense (Annual) | ||
| Real Estate Taxes | $1,337 | estimate based on median sales price |
| Repairs | $450 | estimate based on typical property condition |
| Association Dues | $540 | estimated to be $45 per month |
| Property Management | $0 | assuming self management |
| Insurance | $560 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $2,987 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $10,368 | |
| - Operating Expenses | - $2,987 | |
| Net Operating Income | $7,381 | |
| - Annual Debt Service | - $6,900 | financing 80% of the purchase price at 3.75% |
| Cash Flow Before Taxes | $481 | |
Sales in the Past 36 Months....
| May 17, 2021 | 1153 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $160,000 |
| Jan 20, 2021 | 224 Commerce Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $174,000 |
| Nov 18, 2020 | 1260 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $151,000 |
| Nov 3, 2020 | 1224 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $150,000 |
| Apr 20, 2020 | 1024 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $140,000 |
| Oct 31, 2019 | 1230 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $139,000 |
| Aug 20, 2019 | 1161 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $140,000 |
| Aug 13, 2019 | 262 Commerce Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $125,325 |
| May 30, 2019 | 1117 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $128,000 |
| May 15, 2019 | 118 Commerce Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,008 SF | $134,000 |
| May 6, 2019 | 228 Commerce Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $133,000 |
| Jan 31, 2019 | 116 Commerce Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,008 SF | $131,000 |
| Jan 31, 2019 | 1155 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $131,425 |
| Aug 31, 2018 | 1214 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $133,900 |
| Jun 25, 2018 | 1151 Commercial Ct, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,120 SF | $145,000 |
Current Listings....
244 Commerce Dr
3 Beds • 2 Baths • 1 Half Baths
1,120 livable square feet
$149,900 (For Sale)
Listing By: Old Dominion Realty Inc
Neighborhood Map....