1724 Phelps Rd, Bedford, VA, 24523

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

1724 Phelps Rd, Bedford$74,000

Buyer Closing Credits

$879^*

1.25% Loan Amount

Sell Your Home And Save More

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

Year Built1950

HeatingOther

CoolingWindow Unit(s)

ViewOther

MLS #354095

Lot Size0.77 Acres

StatusActive

About 1724 Phelps Rd

Discover this adorable rustic cottage style home, ideal for first-time homeowners or anyone seeking to escape the cycle of renting. This quaint 2-bedroom residence exudes rustic appeal and is ready to be transformed with a touch of love and personal flair. Nestled in a peaceful neighborhood, it offers the perfect blend of cozy comfort and potential, inviting you to create your own haven. Dont miss this opportunity to invest in a home where character and charm await your vision!

View More

Property Details

Property Features

Property Information:

• Architectural Style: Other, See Remarks
• Year Built: 1950
• Stories: 1
• Living Area: 500 SqFt

Listing Office:

• Office Name: Virginia Realty Group
• Office Phone: (540) 676-5454
• Listing Agent: Kendra Porter

Interior Features

Interior Information:

• Appliances: Electric Range, Refrigerator
• Basement: No
• Flooring Type: Ceramic Tile, Wood
• Interior: Other, None

Bedroom and Bathroom Information:

• Full Bathrooms: 1
• Total Bedroom Count: 2

Exterior Features

Exterior Information:

• View: Other
• Exterior: Other

Lot Features

Lot Information:

• Lot Size: 0.77 Acres

Utilities

Utilities Information:

• Heating: Other
• Cooling: Window Unit(s)

Other

Directions Information:

• Directions: From 460-E take 122 exit towards Bedford. Keep left onto 122 S. L on State Rt 735. L on Hwy 24 E. L on State Rt 722. Straight on 725, home is on your L.

Price Information

Listing Price Info

Price Summary:

• List Price: $74,000
• Price Per SqFt: $148/SqFt

Tax Information:

• Annual Amount: $150
• Tax Year: 2021

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

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

Bedford, VA

City

Med. Sold Price

$270.9K

Med. Price/SqFt

$157

Avg. Days On Market

36

# of Sold Homes

18

1724 Phelps Rd vs Bedford

77 DAYS ON ROCKET

+41 Days

$74,000

-$196.9K Less

$148/SqFt

-$10 Less

KEY TAKEAWAY

This property is $196.9K less than the Median Sold Price and $10/SqFt less than other homes in Bedford, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Name: Lynchburg
• MLS Number: #354095

Listing Office:

• Office Name: Virginia Realty Group
• Office Phone: (540) 676-5454
• Listing Agent: Kendra Porter

Information is provided by the Lynchburg Association of REALTORS®. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2024 Lynchburg Association of REALTORS®. 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: 11/5/2024, 6:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

Tax History

YEAR	PROP. TAX	ASSESSMENT
2021	$150	$30,000
2020	$150	$30,000
2019	$150	$30,000

History based on county public records data.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$437

Per Month

Principal & Interest

$370

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.

%

Down Payment

Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.

$Down PaymentPercent%

Loan Term

Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.

$/ Year

Mortgage Insurance

$0

Monthly Premium

Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.

$/ Month

Homeowners Insurance

$67

Monthly Premium

Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.

$/ Month

Homeowners Association (HOA)

$0

Monthly Fees

Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.

$/ Month

Utilities

$0

Monthly Cost

Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.

$/ Month

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$288

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Virginia›Bedford County›Bedford›24523›1724 Phelps Rd

This home is located at 1724 Phelps Rd in Bedford, VA and zip code 24523. This 500 square foot home, which was built in 1950, sits on a 0.77 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since August 20, 2024 and is currently priced at $74,000.

While more than 1 listings in Bedford, VA in October 2024 were sold above asking price, there were more than 5 listings sold at asking price, and more than 12 were sold below. The number of homes for sale in Bedford, VA increased by 5.7% between September 2024 and October 2024. The median list price of listings available in October 2024 was $270,950, while the average time on the real estate market was 36 days.

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