1187 Ramsey Memorial Road

1187 Ramsey Memorial Road in Penhook, VA was first built in 2011 and is 13 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1187 Ramsey Memorial Road has 2,228 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 1,708 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 4,582,425 square feet.

Learn more about the property and building on this page. There is a porch and a patio. The home has a hip style roof made of composition shingle. Water for the property is sourced from none system. We do not have data on where the property's water is sourced from. For those who need parking, there is a garage. The garage is 1,488 sqft. There are a total of 18 available parking spaces. The condition of the building has been evaluated as good. The exterior walls of the home are made of rock and stone. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heat pump and being fueled with electricity. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1187 Ramsey Memorial Road sold most recently in Jul 29, 2020 for a total of $945,000. If you work out the math, that's approximately a cost of $424.15 per sqft. Before that, the property was also sold for $390,520 in Apr 1, 2010. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $428 in taxes each year. The initial year of tax delinquency occurred in 2018. 1187 Ramsey Memorial Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $235,600. If we break it down further, the land itself was valued at $223,400. Improvements to the property, however, were assessed at a total of $12,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.