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This page contains information about each property aggregated from public data sources, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more.

24 Lee St Verona, VA 24482

2 Beds 1 Baths 1,312 sqft Built 1956
Last updated:  Dec 26, 2019

INVESTimate

$154,071

$144K - $165K

Price Est.

$944

898 - 990

Rent Est.

$154,071  ( 0%)   1 YR EST. FORECAST

24 Lee St PROPERTY INFO

FACTS
  • Built In 1956
  • Price/Sqft : $117.43
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,312 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
24 Lee St, Verona, VA 24482 is a single family home of 1,312 sqft. HomeUnion estimate for 24 Lee St includes a Price Estimate of $154,071 and a Rent Estimate of $944. This single family home has 2 bedrooms, 1 bathrooms, and was built in 1956. This property has an estimated 15 year annualized Yield of 7.35% and Total Return of 13.12%. The estimated 1 year forecast in home value for 24 Lee St is 0%.
  
  
  

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24 Lee St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
VERONA ELEMENTARY SCHOOL Primary Regular 362 26 5
S. G. STEWART MIDDLE SCHOOL Middle Regular 631 44 4
FORT DEFIANCE HIGH SCHOOL High Regular 815 64 6

VERONA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 362
  • # of teachers: 26
5
GreatSchools Rating

S. G. STEWART MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 631
  • # of teachers: 44
4
GreatSchools Rating

FORT DEFIANCE HIGH SCHOOL

  • Education Level: High
  • # of students: 815
  • # of teachers: 64
6
GreatSchools Rating
 

Financial Details

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Neighborhood

VERONA

  • 4,387

    POPULATION
  • 1,615

    HOUSEHOLDS
  • 49.7%

    WHITE COLLAR

Neighborhood : VERONA

HOUSEHOLDS
1,615
POPULATION

4,387

19.4%Renters
80.6%Home Owners
LABOR FORCE

 

49.7%White Collar
50.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 69% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $944 per month.

MY RENT : $944 MEDIAN RENT : $1,072

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 23.9%
$900-999 17.1%
$1,000-1,499 46.6%
>=$1,500 12.3%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $944 would therefore be considered affordable for annual household incomes greater than $37,760 (12 months x 3.333 x $944).

Rent % Affordability
Above $500 83.7%
Above $700 70.4%
Above $1,100 57.9%
Above $1,500 39.1%
Above $1,900 28.4%
HOUSEHOLD INCOME RANGE

Approximately 795 of households in this neighborhood have a total annual income of $37,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $944 per month.

MINIMUM INCOME RANGE : $37,760

Income % Distribution
<$20K 16.3%
$20K-$35K 17.4%
$35K-$60K 27.2%
$60K-$100K 24.6%
>=$100K 14.5%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.8%
5-9 mins 14.4%
10-14 mins 15.4%
15-19 mins 14.5%
20-29 mins 38.1%
30-44 mins 8.5%
45-59 mins 1.7%
>60 mins 1.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 69% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $944 per month.

MY RENT : $944 MEDIAN RENT : $1,072

Rent % Distribution
$500-699 0.0%
$700-899 23.9%
$900-999 17.1%
$1,000-1,499 46.6%
>=$1,500 12.3%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $944 would therefore be considered affordable for annual household incomes greater than $37,760 (12 months x 3.333 x $944).

Rent % Affordability
Above $500 83.7%
Above $700 70.4%
Above $1,100 57.9%
Above $1,500 39.1%
Above $1,900 28.4%
HOUSEHOLD INCOME RANGE

Approximately 795 of households in this neighborhood have a total annual income of $37,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $944 per month.

MINIMUM INCOME RANGE : $37,760

Income % Distribution
<$20K 16.3%
$20K-$35K 17.4%
$35K-$60K 27.2%
$60K-$100K 24.6%
>=$100K 14.5%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.8%
5-9 mins 14.4%
10-14 mins 15.4%
15-19 mins 14.5%
20-29 mins 38.1%
30-44 mins 8.5%
45-59 mins 1.7%
>60 mins 1.6%

VERONA Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.2%
Construction 6.7%
Educational Services 13.3%
Health Care & Social Assistance 21.3%
Manufacturing 13.0%
Retail & Wholesale Trader 15.8%
Other 19.7%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 28% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 12.9%
15-19 5.7%
20-24 9.3%
25-44 21.9%
45-65 33.9%
66+ 16.4%
OCCUPATION

Occupation % Distribution
Construction 12.5%
Healthcare 7.4%
Management, Business, & Financial 9.0%
Natural Resources Maintenance 8.9%
Production & Transportation 19.8%
Sales & Office 14.5%
Other 27.7%
HIGHEST EDUCATION LEVEL

14% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.6%
High School 35.1%
Masters Degree 6.3%
Some College 15.7%
Some High School 22.2%
Other 14.2%

24 Lee St Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in VA , AUGUSTA County , or the 24482 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 24401