6 months on rocket

1526 Thompson Ridge Rd, Ferrum, VA, 24088

$999,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
4 Full Baths, 1 Partial
11,680 SqFt
$86/SqFt
House

Location

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1526 Thompson Ridge Rd, Ferrum$999,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage Detached
Year BuiltNew Const., 1970
HeatingForced Air, Heat Pump
CoolingCentral Air
BasementYes
FireplaceDining Room, Living Room, Primary Bedroom
ViewMountain(s)
MLS #908002
Lot Size2.75 Acres
StatusActive

About 1526 Thompson Ridge Rd

This is an all masonry structure with a good roof and massive vaulted ceiling through the main part of the building. 7000 square feet on the main level with no steps and over 4600 square feet of finished basement for a total of over 11600 square feet of finished and conditioned space! This is the perfect prepper compound or car lovers estate. Hundreds of thousands in recent improvements including a new 6 bedroom septic, new windows, 3 gas fireplaces, tankless HW, one giant wood burning fireplace, six HVAC zones, and multiple 400 amp panels. All of the rough plumbing and electrical is done, the framing is complete, just needs cosmetics.. Outside you have views in every direction as well as a detached 8 car garage. Owner can carry mortgage with acceptable terms. Open to trades.

Property Details

Property Features

Property Information:

  • Architectural Style: 1 Story
  • Year Built: 1970
  • Stories: 1
  • Living Area: 11,680 SqFt

Listing Office:

  • Office Name: THE GRANDIN AGENCY

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Concrete
  • Interior: Audio-Video Wired, Cathedral Ceiling, Ceiling Fan, Gas Log Fireplace, Theater Room, Walk-in-Closet, Whirlpool Bath
  • Fireplace: Dining Room, Living Room, Primary Bedroom

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • View: Mountain(s)
  • Exterior: Barn, Garden Space, Paved Driveway

Parking Information:

  • Attached Garage: No
  • Parking: Garage Detached

Lot Features

Lot Information:

  • Lot: Level, Views
  • Lot Size: 2.75 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Heat Pump
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Route 40 West Past Ferrum. Left on Thompson Ridge Rd to property on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $999,000
  • Price Per SqFt: $86/SqFt

Tax Information:

  • Annual Amount: $5,213
  • Tax Year: 2019
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Housing Market Comparison

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

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Ferrum, VA

City

Med. Sold Price

$272.5K

Med. Price/SqFt

$156

# of Sold Homes

2

1526 Thompson Ridge Rd vs Ferrum

206 DAYS ON ROCKET

$999,000

+$726.5K More

$86/SqFt

-$71 Less

KEY TAKEAWAY

This property is $726.5K more than the Median Sold Price and $71/SqFt less than other homes in Ferrum, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #908002

Listing Office:

  • Office Name: THE GRANDIN AGENCY

IDXAlthough the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.

All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. 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. The unauthorized retrieval or use of this listing data is prohibited.

All information is deemed reliable but not guaranteed, and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 7:20:57 PM 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
2020 - $647,100
2019$5,213$854,600
2018$5,213$854,600
2017$4,700$854,600

History based on county public records data.

Payment Calculator

$5,053

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,062

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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-768648
7
/10

  • Ferrum Elementary School

  • 660 Ferrum Rd

  • 4.81 miles

  • Public District Grades PK-5

school-card-donut-768649
7
/10

  • Callaway Elementary School

  • 8451 Callaway Rd

  • 9.23 miles

  • Public District Grades PK-5

school-card-donut-768650
7
/10

  • Henry Elementary School

  • 200 Henry School Rd

  • 9.84 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 $46,424. The most common annual income of people living in Ferrum, VA is between $35k-100k. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1526 Thompson Ridge Rd

What is the listing price of this property?

The listing price of 1526 Thompson Ridge Rd property is $999,000.

What type of property is this?

The property 1526 Thompson Ridge Rd is a house located in Ferrum, Virginia, 24088.

Is this property for sale now?

Active Listing: 1526 Thompson Ridge Rd 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 2019 is $5,213 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1526 Thompson Ridge Rd has 6 bedrooms and 4 full and 1 half bathrooms.

What is the square footage of this property?

The property 1526 Thompson Ridge Rd is 11,680 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1526 Thompson Ridge Rd is 1970.

Rocket Homes›Virginia›Franklin County›Ferrum›24088›1526 Thompson Ridge Rd

This home is located at 1526 Thompson Ridge Rd in Ferrum, VA and zip code 24088. This 11,680 square foot home, which was built in 1970, sits on a 2.75 acre lot. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since May 29, 2024 and is currently priced at $999,000.

Ferrum, VA housing market in November 2024 saw over 1 listings sold above listed price, more than 1 sold at listed price and over 0 sold below. In November 2024 in Ferrum, VA there were 9.1% more homes for sale than in October 2024.

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

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