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1029 Farmer St, Petersburg, VA, 23803

$129,999

Home List Price

$1,544*

Closing Credit

3 Bedrooms
2 Full Baths
1,664 SqFt
$78/SqFt
House

Location

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1029 Farmer St, Petersburg$129,999

Buyer Closing Credits

$1,544*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Unpaved
Year Built1900
HeatingElectric
CoolingCentral Air
MLS #2429747
Lot Size0.15 Acres
StatusActive

About 1029 Farmer St

This 4-bedroom, 2-bath investment property offers tremendous potential in an investor-friendly location, making it an ideal project for buyers looking to capitalize on a great opportunity. The home features a spacious layout with a convenient first-floor primary bedroom and a private bath, providing added functionality and appeal. The additional three bedrooms and full bath are located on the second floor, offering ample space for tenants or future homeowners. With its strong bones and excellent floor plan, this property is a perfect canvas for renovation and modernization. Located in a up and coming area, this house is just waiting for the right investor to unlock its full potential. Whether you're looking for a flip, rental, or long-term investment, this property offers the ideal mix of location, size, and value to ensure a solid return on investment.

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1900
  • Stories: 2
  • Living Area: 1,664 SqFt

Listing Office:

  • Office Name: Praxis Realty Inc
  • Office Phone: (804) 282-1877
  • Listing Agent: Antwane Brooks

Interior Features

Interior Information:

  • Basement: No
  • Flooring Type: Vinyl, Wood

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Unpaved Driveway

Parking Information:

  • Parking: Driveway, Unpaved

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $129,999
  • Price Per SqFt: $78/SqFt

Tax Information:

  • Annual Amount: $506
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Petersburg, VA.

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Petersburg, VA

City

Med. Sold Price

$239K

Med. Price/SqFt

$166

Avg. Days On Market

30

# of Sold Homes

43

1029 Farmer St vs Petersburg

34 DAYS ON ROCKET

+4 Days

$129,999

-$109K Less

$78/SqFt

-$88 Less

KEY TAKEAWAY

This property is $109K less than the Median Sold Price and $88/SqFt less than other homes in Petersburg, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CVR
  • MLS Number: #2429747

Listing Office:

  • Office Name: Praxis Realty Inc
  • Office Phone: (804) 282-1877
  • Listing Agent: Antwane Brooks

IDX All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 8:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$506$37,500
2019$506$37,500
2018$506$37,500
2017$506$37,500

History based on county public records data.

Payment Calculator

$716

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$456

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4462653
1
/10

  • Pleasants Lane Elementary School

  • 100 Pleasants Ln

  • 0.91 miles

  • Public District Grades KG-5

school-card-donut-4462654
1
/10

  • Cool Spring Elementary School

  • 1450 Talley Ave

  • 1.09 miles

  • Public District Grades KG-5

school-card-donut-4462655
5
/10

  • Ettrick Elementary School

  • 20910 Chesterfield Ave

  • 1.24 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,976. The majority of Petersburg, VA residents have income less than $35k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1029 Farmer St

What is the listing price of this property?

The listing price of 1029 Farmer St property is $129,999.

What type of property is this?

The property 1029 Farmer St is a house located in Petersburg, Virginia, 23803.

Is this property for sale now?

Active Listing: 1029 Farmer St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $506 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1029 Farmer St has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1029 Farmer St is 1,664 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1029 Farmer St is 1900.

Rocket Homes›Virginia›Petersburg›23803›1029 Farmer St

This home is located at 1029 Farmer St in Petersburg, VA and zip code 23803. This 1,664 square foot home, which was built in 1900, sits on a 0.15 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $129,999.

Petersburg, VA housing market in November 2024 saw over 13 listings sold above listed price, more than 7 sold at listed price and over 23 sold below. In November 2024 in Petersburg, VA there were 6.1% more homes for sale than in October 2024. While the average time on the market in November 2024 was 30 days, the median list price was $239,000.

From Rocket Homes Real Estate and based on county public records data.

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