2 months on rocket

617 Fairview St, Bristol, VA, 24201

$109,000

Home List Price

$1,294*

Closing Credit

0 Baths
Multi

Location

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617 Fairview St, Bristol$109,000

Buyer Closing Credits

$1,294*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDetached, See Remarks
Garage2 spaces
Year Built1906
HeatingBaseboard, Natural Gas
CoolingNone
BasementYes
MLS #9972238
StatusActive

About 617 Fairview St

Investment Opportunity - Multi-Family Property! This property features two residences, both offering rental income potential and conveniently located within a mile of historic downtown Bristol, VA. Just a 10-minute drive to the Pinnacle shopping center and the new Hard Rock Casino, and within 20 minutes of the Bristol Motor Speedway. A short drive takes you to Abingdon, VA, home of the historic Barter Theater and the renowned Creeper Trail. Each property has their own address and utility hook up. The second property address is 134 Raven Alley, Bristol, VA. Property Details: Residence 1: A 5-bedroom, 1.5-bath home, currently rented for $750.00 per month. The tenant has been in place for 7 years and is in good standing. This home needs updates and some minor repairs. Residence 2: A 1-bedroom, 1-bath garage apartment, currently leased for $450.00 per month. The tenant has been in place for 5 years and is in good standing. This unit also requires upgrades and some repairs. Both properties are being sold as-is, and buyers are advised to conduct their own due diligence. All information is deemed reliable but is not guaranteed. It is the responsibility of the buyer and/or their agent to verify all information. All details are taken from public sources and no warranty is implied. This property offers a great opportunity for those looking to invest in a sought-after area with steady rental income potential.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1906

Listing Office:

  • Office Name: REMAX Results Bristol
  • Office Phone: (423) 793-1130
  • Listing Agent: Jacinda Penley

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Basement: Yes
  • Flooring Type: Vinyl, Tile, Carpet
  • Interior: Eat-in Kitchen

Exterior Features

Exterior Information:

  • Exterior: Porch Front, Porch

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached, See Remarks

Lot Features

Lot Information:

  • Lot: See Remarks, Other, Wooded

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: From MLK Blvd, Turn onto Mary street, cross Mary Street Bridge, turn left to Fairview Street and Raven Alley.

Price Information

Listing Price Info

Price Summary:

  • List Price: $109,000

Tax Information:

  • Annual Amount: $318
  • Tax Year: 2021
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Housing Market Comparison

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

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Bristol, VA

City

Med. Sold Price

$215.3K

Med. Price/SqFt

$135

Avg. Days On Market

60

# of Sold Homes

31

617 Fairview St vs Bristol

70 DAYS ON ROCKET

+10 Days

$109,000

-$106.3K Less

KEY TAKEAWAY

This property is $106.3K less than the Median Sold Price in Bristol, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Tennessee/Virginia Regional MLS
  • MLS Number: #9972238

Listing Office:

  • Office Name: REMAX Results Bristol
  • Office Phone: (423) 793-1130
  • Listing Agent: Jacinda Penley

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Tennessee Virginia Regional MLS. IDX 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. Real estate listings held by brokerage firms other than this brokerl, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright© 2024 Tennessee Virginia Regional MLS. 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: 12/22/2024, 1:21:08 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$318$28,400
2018$329$25,700
2017$330$25,700

History based on county public records data.

Payment Calculator

$612

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$393

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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-977269
8
/10

  • Highland View Elementary School

  • 1425 Eads Ave

  • 0.71 miles

  • Public District Grades PK-5

school-card-donut-977270
4
/10

  • Fairmount Elementary School

  • 821 Virginia Ave

  • 0.87 miles

  • Public District Grades PK-5

school-card-donut-977271
6
/10

  • Washington Lee Elementary School

  • Washington Lee Dr

  • 0.88 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 $23,420. The most common annual income of people living in Bristol, VA is less than $35k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Bristol›24201›617 Fairview St

This home is located at 617 Fairview St in Bristol, VA and zip code 24201. This home was built in 1906. It has been listed on Rocket Homes since October 13, 2024 and is currently priced at $109,000.

Bristol, VA housing market in November 2024 saw over 3 listings sold above listed price, more than 7 sold at listed price and over 21 sold below. The inventory of homes for sale in Bristol, VA between October 2024 and November 2024 increased by 3.5%. The median list price of listings available in November 2024 was $215,333, while the average time on the real estate market was 60 days.

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

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