115 East Maryland Ave · Crewe, VA 23930

$160,000

4 bd · 1.0 ba · 2,386 sqft · SingleFamily · 767 Days on market

Built 1900 7,841 sqft lot $67/sqft · 23% below area Est $207k · 23% under ↓ 22% since listing

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +17.0/30.0
• ARV discount +15.0/15.0
• DSCR +5.3/10.0
• Schools +3.9/10.0
• 1% rule +3.6/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

What a remarkable fixer-upper opportunity this is! This four bedroom, potentially three full bath home has an amazing layout and exudes classic style and character. Step into the entryway and notice the beautiful tile floor, original wood trim-work and wainscoting. The wood floors in the living room are beautiful and it is an excellent room to relax in. There is also an adjacent full bath. The kitchen is a home-chef's dream! It boasts two stoves, two full kitchen sinks, and so much custom-crafted counter and cabinet space. The downstairs bedroom is large and features tall ceilings and bay style windows. That room could easily be converted back into a living room as well. The upstairs is largely unfinished but there is so much potential! The primary suite could be superb, featuring a very large bedroom, two big closets and a huge bathroom. There are also two large bedrooms and a full, hall-bathroom ready to be finished out as well. The half-wrap porch is a great place to relax and listen to the sounds of the neighborhood and the back deck is the perfect spot for the grill. There is a nice sized workshop with electricity just off the back deck. SOLD AS IS. Make plans to see it today!

Key facts

• Back deck
• Bay style windows
• Tile floor entryway

Tags

• TILE FLOOR ENTRYWAY
• ORIGINAL WOOD TRIM-WORK
• CUSTOM-CRAFTED COUNTER
• BAY STYLE WINDOWS
• HALF-WRAP PORCH
• BACK DECK

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $107 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $138k (14.0% below list).
• Recommended offer: $138k (14.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 63/100 on livability (#389 in VA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A-; Watch: crime F, amenities F, commute F.
• Nottoway County Public School District (rural): math 34% / reading 59% proficiency, ranked #109 of 131 in VA (top 83%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 41 active listings in the ZIP; 57 units permitted in Nottoway County in 2024 (5 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Nottoway County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 767 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $25k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 20% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $137,629 (14.0% below list)

Questions for the listing agent

1. It's been on market 767 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.86% ✗
• Cap rate: 7.10%
• Cash-on-cash: 2.88%
• DSCR: 1.13
• GRM: 9.7

CMA / ARV

• ARV (median comp): $207,160
• List price: $160,000
• Delta: -22.76%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
200 E Tennessee Ave	0.10mi	3/3.0 (-1)	2,400 (+1%)	5mo	$299,900	$125	78
109 E Maryland Ave	0.03mi	3/1.5 (-1)	2,160 (-10%)	6mo	$215,000	$100	70
105 Cabell St	0.36mi	3/2.0 (-1)	2,292 (-4%)	6mo	$274,400	$120	63
408 E Carolina Ave	0.30mi	4/2.5	2,275 (-5%)	14mo	$267,900	$118	60
601 E Carolina Ave	0.48mi	4/3.0	2,558 (+7%)	2mo	$230,000	$90	56
400 E California Ave	0.28mi	3/2.5 (-1)	2,107 (-12%)	6mo	$255,000	$121	52
604 E Maryland Ave	0.49mi	5/3.0 (+1)	2,380 (-0%)	15mo	$250,000	$105	51
200 Nelson St	0.37mi	3/2.5 (-1)	2,096 (-12%)	11mo	$245,000	$117	42
119 Gatewood Ave	0.40mi	5/2.5 (+1)	2,680 (+12%)	15mo	$365,000	$136	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -11.8%
• Equity multiple: 0.57×
• Total profit: $-19,147
• Equity at exit: $23,857

10-year hold

• IRR: -2.7%
• Equity multiple: 0.82×
• Total profit: $-8,099
• Equity at exit: $13,834

Cash invested: $44,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 55 Moderately Landlord-Leaning
• State Virginia: 55 Moderately Landlord-Leaning · D+2
• County: — inherits STATE
• City: — inherits STATE

VRLTA gives some tenant protections; Northern Virginia courts slower; rural VA landlord-leaning.

Methodology + full state rankings →

ZIP-level market 23930

• Home prices YoY: -14.3%
• Active inventory: 41
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,376 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$74 /mo · $890/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$289
• Net cashflow: $107

Break-even live

Break-even rent $1,240

Max offer price $160,000

Occupancy floor 87%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-18
   days on market $160,000 Active 767 DOM
2. 2026-06-17
   days on market $160,000 Active 766 DOM
3. 2026-06-16
   days on market $160,000 Active 765 DOM
4. 2026-06-15
   days on market $160,000 Active 764 DOM
5. 2026-06-15
   days on market $160,000 Active 763 DOM
6. 2026-06-13
   days on market $160,000 Active 762 DOM
7. 2026-06-12
   days on market $160,000 Active 761 DOM
8. 2026-06-09
   days on market $160,000 Active 758 DOM
9. 2026-06-08
   days on market $160,000 Active 757 DOM
10. 2026-06-08
    days on market $160,000 Active 756 DOM
11. 2026-06-05
    days on market $160,000 Active 754 DOM
12. 2026-06-03
    days on market $160,000 Active 752 DOM
13. 2026-06-02
    days on market $160,000 Active 751 DOM
14. 2026-06-01
    days on market $160,000 Active 750 DOM
15. 2026-05-31
    days on market $160,000 Active 749 DOM
16. 2026-02-28
    price $160,000 1200-char remark

    Show marketing remark (1200 chars)

    What a remarkable fixer-upper opportunity this is! This four bedroom, potentially three full bath home has an amazing layout and exudes classic style and character. Step into the entryway and notice the beautiful tile floor, original wood trim-work and wainscoting. The wood floors in the living room are beautiful and it is an excellent room to relax in. There is also an adjacent full bath. The kitchen is a home-chef's dream! It boasts two stoves, two full kitchen sinks, and so much custom-crafted counter and cabinet space. The downstairs bedroom is large and features tall ceilings and bay style windows. That room could easily be converted back into a living room as well. The upstairs is largely unfinished but there is so much potential! The primary suite could be superb, featuring a very large bedroom, two big closets and a huge bathroom. There are also two large bedrooms and a full, hall-bathroom ready to be finished out as well. The half-wrap porch is a great place to relax and listen to the sounds of the neighborhood and the back deck is the perfect spot for the grill. There is a nice sized workshop with electricity just off the back deck. SOLD AS IS. Make plans to see it today!

17. 2025-10-21
    status Active 1200-char remark

    Show marketing remark (1200 chars)

    What a remarkable fixer-upper opportunity this is! This four bedroom, potentially three full bath home has an amazing layout and exudes classic style and character. Step into the entryway and notice the beautiful tile floor, original wood trim-work and wainscoting. The wood floors in the living room are beautiful and it is an excellent room to relax in. There is also an adjacent full bath. The kitchen is a home-chef's dream! It boasts two stoves, two full kitchen sinks, and so much custom-crafted counter and cabinet space. The downstairs bedroom is large and features tall ceilings and bay style windows. That room could easily be converted back into a living room as well. The upstairs is largely unfinished but there is so much potential! The primary suite could be superb, featuring a very large bedroom, two big closets and a huge bathroom. There are also two large bedrooms and a full, hall-bathroom ready to be finished out as well. The half-wrap porch is a great place to relax and listen to the sounds of the neighborhood and the back deck is the perfect spot for the grill. There is a nice sized workshop with electricity just off the back deck. SOLD AS IS. Make plans to see it today!

18. 2025-03-31
    price $165,000 1200-char remark

    Show marketing remark (1200 chars)

    What a remarkable fixer-upper opportunity this is! This four bedroom, potentially three full bath home has an amazing layout and exudes classic style and character. Step into the entryway and notice the beautiful tile floor, original wood trim-work and wainscoting. The wood floors in the living room are beautiful and it is an excellent room to relax in. There is also an adjacent full bath. The kitchen is a home-chef's dream! It boasts two stoves, two full kitchen sinks, and so much custom-crafted counter and cabinet space. The downstairs bedroom is large and features tall ceilings and bay style windows. That room could easily be converted back into a living room as well. The upstairs is largely unfinished but there is so much potential! The primary suite could be superb, featuring a very large bedroom, two big closets and a huge bathroom. There are also two large bedrooms and a full, hall-bathroom ready to be finished out as well. The half-wrap porch is a great place to relax and listen to the sounds of the neighborhood and the back deck is the perfect spot for the grill. There is a nice sized workshop with electricity just off the back deck. SOLD AS IS. Make plans to see it today!

19. 2024-10-16
    price $170,000 1200-char remark

    Show marketing remark (1200 chars)

    What a remarkable fixer-upper opportunity this is! This four bedroom, potentially three full bath home has an amazing layout and exudes classic style and character. Step into the entryway and notice the beautiful tile floor, original wood trim-work and wainscoting. The wood floors in the living room are beautiful and it is an excellent room to relax in. There is also an adjacent full bath. The kitchen is a home-chef's dream! It boasts two stoves, two full kitchen sinks, and so much custom-crafted counter and cabinet space. The downstairs bedroom is large and features tall ceilings and bay style windows. That room could easily be converted back into a living room as well. The upstairs is largely unfinished but there is so much potential! The primary suite could be superb, featuring a very large bedroom, two big closets and a huge bathroom. There are also two large bedrooms and a full, hall-bathroom ready to be finished out as well. The half-wrap porch is a great place to relax and listen to the sounds of the neighborhood and the back deck is the perfect spot for the grill. There is a nice sized workshop with electricity just off the back deck. SOLD AS IS. Make plans to see it today!

20. 2024-10-11
    status Active 1200-char remark

    Show marketing remark (1200 chars)

    What a remarkable fixer-upper opportunity this is! This four bedroom, potentially three full bath home has an amazing layout and exudes classic style and character. Step into the entryway and notice the beautiful tile floor, original wood trim-work and wainscoting. The wood floors in the living room are beautiful and it is an excellent room to relax in. There is also an adjacent full bath. The kitchen is a home-chef's dream! It boasts two stoves, two full kitchen sinks, and so much custom-crafted counter and cabinet space. The downstairs bedroom is large and features tall ceilings and bay style windows. That room could easily be converted back into a living room as well. The upstairs is largely unfinished but there is so much potential! The primary suite could be superb, featuring a very large bedroom, two big closets and a huge bathroom. There are also two large bedrooms and a full, hall-bathroom ready to be finished out as well. The half-wrap porch is a great place to relax and listen to the sounds of the neighborhood and the back deck is the perfect spot for the grill. There is a nice sized workshop with electricity just off the back deck. SOLD AS IS. Make plans to see it today!

21. 2024-06-04
    price $179,900 1200-char remark

    Show marketing remark (1200 chars)

    What a remarkable fixer-upper opportunity this is! This four bedroom, potentially three full bath home has an amazing layout and exudes classic style and character. Step into the entryway and notice the beautiful tile floor, original wood trim-work and wainscoting. The wood floors in the living room are beautiful and it is an excellent room to relax in. There is also an adjacent full bath. The kitchen is a home-chef's dream! It boasts two stoves, two full kitchen sinks, and so much custom-crafted counter and cabinet space. The downstairs bedroom is large and features tall ceilings and bay style windows. That room could easily be converted back into a living room as well. The upstairs is largely unfinished but there is so much potential! The primary suite could be superb, featuring a very large bedroom, two big closets and a huge bathroom. There are also two large bedrooms and a full, hall-bathroom ready to be finished out as well. The half-wrap porch is a great place to relax and listen to the sounds of the neighborhood and the back deck is the perfect spot for the grill. There is a nice sized workshop with electricity just off the back deck. SOLD AS IS. Make plans to see it today!

22. 2024-05-04
    listed $185,000 Active 1200-char remark

    Show marketing remark (1200 chars)

    What a remarkable fixer-upper opportunity this is! This four bedroom, potentially three full bath home has an amazing layout and exudes classic style and character. Step into the entryway and notice the beautiful tile floor, original wood trim-work and wainscoting. The wood floors in the living room are beautiful and it is an excellent room to relax in. There is also an adjacent full bath. The kitchen is a home-chef's dream! It boasts two stoves, two full kitchen sinks, and so much custom-crafted counter and cabinet space. The downstairs bedroom is large and features tall ceilings and bay style windows. That room could easily be converted back into a living room as well. The upstairs is largely unfinished but there is so much potential! The primary suite could be superb, featuring a very large bedroom, two big closets and a huge bathroom. There are also two large bedrooms and a full, hall-bathroom ready to be finished out as well. The half-wrap porch is a great place to relax and listen to the sounds of the neighborhood and the back deck is the perfect spot for the grill. There is a nice sized workshop with electricity just off the back deck. SOLD AS IS. Make plans to see it today!

23. 2022-12-14
    soldstatus $205,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast VA · Resets to sale price

• Current annual tax: $890 · $74/mo
• Projected year-2 tax: $1,312 · $109/mo
• Expected delta: +$422/yr (+$35/mo · 47.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥104°F today · 17 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 20% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,515
• − Mortgage interest: −$8,962
• − Property taxes: −$890
• − Insurance: −$800
• − Repairs & maintenance: −$1,321
• − Management: −$1,321
• − Depreciation: −$4,655
• Taxable loss: −$1,434
• Est. tax savings @ 24.0%: +$344
• After-tax cash flow: $1,632/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Nottoway County Public School District
• NCES district ID: 5102790
• Math proficiency: 34% ▼ -38.00%
• Reading proficiency: 59% ▼ -12.00%
• Median HH income: $38,125
• Composite: 38.65/100
• National rank: #4153
• State rank: #109 of 131 in VA

Livability — Crewe

• Score: 63/100
• State rank: #389
• US rank: #15947

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment D- Housing A- Health & safety B- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Crewe, VA
• Population (ZIP): 5,258

Population outlook (Nottoway County) Hauer SSP2

• Today (2025): 15,190 people
• By 2030: 14,867 · -2.1%
• By 2040: 13,993 · -7.9%
• By 2050: 12,924 · -14.9%
• By 2075: 10,416 · -31.4%
• By 2100: 7,281 · -52.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (61%)
• Race & ethnicity: White 61% Black 33% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Slovak 3% Serbian 1% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 99% English-only · Other Indo-European 1%

Political lean MEDSL · Nottoway

• 2024 margin: Strong R (+22.4) · D 38.5% · R 60.8%
• 2008→2024 swing: -21.1pp toward R · 2008: -1.2pp · 2024: -22.4pp
• All cycles: 2024: R+22.4 2020: R+14.9 2016: R+13.1 2012: R+0.9 2008: R+1.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -30.50%
• Current HPI: 182.7855
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.40%
• F500 in state: 50

Industry mix (Fortune 500 HQ in VA)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	4	$236B
▸Technology / Defense	3	$32B
▸Financial Services	2	$176B
▸Utilities	2	$27B
▸Insurance	2	$25B
▸Technology	2	$15B

Price history

-22.0% since first listed

8 events — show timeline

• 2026-02-28 Price Changed $160,000 SCAR
• 2025-10-21 Relisted — SCAR
• 2025-03-31 Price Changed $165,000 SCAR
• 2024-10-16 Price Changed $170,000 SCAR
• 2024-10-11 Relisted — SCAR
• 2024-06-04 Price Changed $179,900 SCAR
• 2024-05-04 Listed $185,000 SCAR
• 2022-12-14 Sold (Public Records) $205,000 Public Records

Property tax history

+6.2%/yr

Latest (2025): $890 · +6.7% YoY. Source: county tax records.