2 months on rocket

540 Monticello St, Winchester, VA, 22601

$580,000

Home List Price

$6,888*

Closing Credit

0 Baths
4,396 SqFt
$132/SqFt
Multi

Location

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540 Monticello St, Winchester$580,000

Buyer Closing Credits

$6,888*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingDriveway
Year Built1956
HeatingHeat Pump
CoolingHeat Pump
MLS #VAWI2006348
Lot Size0.09 Acres
StatusActive
(ACTIVE)

About 540 Monticello St

This three unit property provides an amazing opportunity to invest in multi-family real estate. All of the units are currently rented and producing a total of $3,600 in gross monthly revenue. All of the tenants are long term and happy. The 3 units are labeled 1, 4, and 2/3. Unit 1 is a two bedroom, 1 bath and is 1,008 sqft. Unit 4 has two bedrooms, one bath and is 1,260 sqft. Apartments 1 and 4 rent for $1,000 each. Apartment labeled 2/3 is in the back of the building and has two levels. The lower level is 1,218 sqft and the upper level is 832 sqft. for a total of 2,050 sqft. This unit rents for $1,600. This makes a gross annual revenue of $43,200. Ask agent for video links All of the units are in good shape and have been maintained very well.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1956
  • Living Area: 4,396 SqFt

Listing Office:

  • Office Name: United Real Estate
  • Office Phone: (703) 665-3544
  • Listing Agent: William Mulligan

Interior Features

Interior Information:

  • Basement: No
  • Interior: 2nd Kitchen, Additional Stairway

Exterior Features

Parking Information:

  • Parking: Driveway

Virtual/3D Tour

  • Virtual Tour: 540 Monticello St
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Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Heat Pump

Other

Directions Information:

  • Directions: see google maps

Price Information

Listing Price Info

Price Summary:

  • List Price: $580,000
  • Price Per SqFt: $132/SqFt

Tax Information:

  • Annual Amount: $2,290
  • Tax Year: 2021
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Housing Market Comparison

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

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Winchester, VA

City

Med. Sold Price

$386.5K

Med. Price/SqFt

$208

Avg. Days On Market

39

# of Sold Homes

74

540 Monticello St vs Winchester

70 DAYS ON ROCKET

+31 Days

$580,000

+$193.5K More

$132/SqFt

-$76 Less

KEY TAKEAWAY

This property is $193.5K more than the Median Sold Price and $76/SqFt less than other homes in Winchester, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #VAWI2006348

Listing Office:

  • Office Name: United Real Estate
  • Office Phone: (703) 665-3544
  • Listing Agent: William Mulligan

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. 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: 11/17/2024, 10:20:51 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
2021$2,290$246,200
2020$2,290$246,200
2019$2,290$246,200
2018$2,240$246,200
2017$2,240$246,200

History based on county public records data.

Payment Calculator

$2,962

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,805

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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-587184
5
/10

  • Frederick Douglass Elementary School

  • 100 W Cedarmeade Ave

  • 0.60 miles

  • Public District Grades KG-4

school-card-donut-587185
3
/10

  • Garland R. Quarles Elementary School

  • 1310 S Loudoun St

  • 2.18 miles

  • Public District Grades PK-4

school-card-donut-587186
5
/10

  • Evendale Elementary School

  • 220 Rosa Ln

  • 2.61 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 $71,143. Residents of Winchester, VA typically earn between $35k-100k each year. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Winchester›22601›540 Monticello St

This home is located at 540 Monticello St in Winchester, VA and zip code 22601. This 4,396 square foot home, which was built in 1956, sits on a 0.09 acre lot. It has been listed on Rocket Homes since September 08, 2024 and is currently priced at $580,000.

While more than 21 listings in Winchester, VA in October 2024 were sold above asking price, there were more than 25 listings sold at asking price, and more than 28 were sold below. The number of homes for sale in Winchester, VA increased by 4% between September 2024 and October 2024. While the average time on the market in October 2024 was 39 days, the median list price was $386,500.

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

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