A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
REHERD ACRES
Northfield Estates • Parkcrest • Reherd Acres • Stonewall Heights
Sales Per Year....
| 2023 |
|
7 (ytd) |
| 2022 |
|
7 |
| 2021 |
|
11 |
| 2020 |
|
7 |
| 2019 |
|
6 |
| 2018 |
|
12 |
| 2017 |
|
13 |
Median Sales Price....
| 2023 |
|
$210,000 |
| 2022 |
|
$233,500 |
| 2021 |
|
$187,500 |
| 2020 |
|
$169,900 |
| 2019 |
|
$163,750 |
| 2018 |
|
$159,450 |
| 2017 |
|
$155,000 |
Sample Reherd Acres Investment Analysis....
| Property Details | ||
| Purchase Price | $210,000 | 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 | $1,890 | estimate based on median sales price |
| Repairs | $488 | estimate based on typical property condition |
| Association Dues | $240 | estimated to be $20 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 | $3,474 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $11,232 | |
| - Operating Expenses | - $3,474 | |
| Net Operating Income | $7,759 | |
| - Annual Debt Service | - $9,876 | financing 80% of the purchase price at 4.25% |
| Cash Flow Before Taxes | $-2,118 | |
Sales in the Past 36 Months....
| Oct 31, 2023 | 1068 Meadowlark Dr, Harrisonburg, VA 22801 | 2 BR | 1.5 BA | 1,408 SF | $207,500 |
| Jul 3, 2023 | 1308 Goldfinch Dr, Harrisonburg, VA 22801 | 3 BR | 2 BA | 1,289 SF | $246,000 |
| Jun 30, 2023 | 907 Meadowlark Dr, Harrisonburg, VA 22801 | 2 BR | 1.5 BA | 1,920 SF | $235,000 |
| Apr 24, 2023 | 1298 Goldfinch Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,440 SF | $235,000 |
| Mar 8, 2023 | 1041 Oriole Ln, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,440 SF | $200,000 |
| Feb 17, 2023 | 815 Meadowlark Dr, Harrisonburg, VA 22801 | 2 BR | 0 BA | 1,152 SF | $201,000 |
| Feb 17, 2023 | 1214 Goldfinch Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,464 SF | $210,000 |
| Oct 31, 2022 | 1118 Bluebird Ct, Harrisonburg, VA 22801 | 3 BR | 2 BA | 1,568 SF | $250,000 |
| Oct 27, 2022 | 1039 Meadowlark Dr, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,896 SF | $233,500 |
| Sep 13, 2022 | 1083 Meadowlark Dr, Harrisonburg, VA 22801 | 2 BR | 1.5 BA | 1,500 SF | $226,900 |
| Aug 29, 2022 | 1063 Meadowlark Dr, Harrisonburg, VA 22801 | 3 BR | 1.5 BA | 1,908 SF | $233,000 |
| Jul 1, 2022 | 1330 Goldfinch Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,408 SF | $237,000 |
| Jun 2, 2022 | 927 Meadowlark Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,760 SF | $250,000 |
| Apr 28, 2022 | 935 Meadowlark Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,908 SF | $185,000 |
| Oct 12, 2021 | 1060 Meadowlark Dr, Harrisonburg, VA 22801 | 2 BR | 1.5 BA | 1,408 SF | $163,000 |
| Oct 8, 2021 | 1233 Goldfinch Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,560 SF | $229,500 |
| Sep 8, 2021 | 1056 Meadowlark Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 2,091 SF | $226,000 |
| Aug 30, 2021 | 1312 Goldfinch Dr, Harrisonburg, VA 22801 | 2 BR | 2 BA | 1,116 SF | $225,000 |
| Aug 20, 2021 | 814 Meadowlark Dr, Harrisonburg, VA 22801 | 2 BR | 1.5 BA | 1,320 SF | $152,000 |
| Aug 18, 2021 | 1289 Goldfinch Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,624 SF | $240,000 |
| Aug 16, 2021 | 1246 Goldfinch Dr, Harrisonburg, VA 22801 | 2 BR | 1 BA | 1,026 SF | $162,500 |
| Jul 8, 2021 | 1234 Goldfinch Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,512 SF | $185,000 |
| Jun 4, 2021 | 1051 Oriole Ln, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,440 SF | $183,500 |
| Jun 2, 2021 | 1367 Goldfinch Dr, Harrisonburg, VA 22801 | 3 BR | 2.5 BA | 1,408 SF | $187,500 |
| Apr 14, 2021 | 1082 Meadowlark Dr, Harrisonburg, VA 22801 | 2 BR | 1.5 BA | 1,608 SF | $197,000 |
Current Listings....
1036 Meadowlark Dr
3 Beds • 2 Baths • 1 Half Baths
1,952 livable square feet
$254,900 (For Sale)
Listing By: Funkhouser Real Estate Group
Neighborhood Map....