92 Melrose Ln Ripley, WV 25271

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3 beds · 2 baths · 1,719 sq ft · Lot Size: 97,574 sq ft · Single Family Home
Est. Property Value: $276,227

Valued above Market MedianLarge Lot AdvantageOwner Age 55 - 65

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92 Melrose Ln is in the 25271 neighborhood of Ripley, WV. It is located in Jackson County and ZIP code 25271. This Single Family Home was built in 2013 and is approximately 12 years old. The single family home spans 1719 sq ft with 3 bedrooms and 2 bathrooms and sits on a 97574 sq ft lot. According to public records, it has a tax-assessed value of $217,700, which is $161 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 92 Melrose Ln Ripley, WV 25271 with Property Intel by Whitepages.

92 Melrose Ln

Ripley, WV 25271

Owner Info

Owners & Occupancy for 92 Melrose Ln

This property is owned by Craig Clarke Casto. Owner contact information includes 6 phone numbers and 6 email addresses.

Property Owners

OccupationMerchandiser, Frito Lay
Cell Phone(334) ***-****View Cell Phone
Residence**********
Landline(309) 343-4039
Distance from Property**********
Email Address***********@hotmail.comView Email

Cell Phone(304) ***-****View Cell Phone
Residence**********
Landline(304) 372-8204
Distance from Property**********
Email Address****@lvcm.comView Email
View All Owner Info

Occupancy

Current Occupancy*****View Occupancy
Resident 1***************
Resident 2****************** age 26
Resident 3****************** age 57
Resident 4****************** age 58

Property Financials for 92 Melrose Ln

92 Melrose Ln, Ripley, WV has no known mortgage. The Jackson county assessment for 2024 values it at $217,700, with annual taxes of $1,628.

Property Tax

Property Tax Amount$1,628 in 2024
Assessed Value$217,700 on 2024

Investment Potential for 92 Melrose Ln

The property has a current estimated value of $276,227, which is 87% above the zip median. Projected long-term rental income is $25,200 annually ($2,100 per month) with a 88% occupancy rate.

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Long-Term

Gross Rental
$25,200 per year($2,100 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
View Cap Rate
Occupancy Rate
88%in 25271 zip code
 
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Property Details for 92 Melrose Ln

Property Details

Property Sq Ft

Living Area

1,719 sq ft

10% above market

Lot Size

97,574 sq ft

195% above market

Price Per Sq Ft

Living Area

$161 / sq ft

70% above market

Lot Size Area

$3 / sq ft

40% below market

Property condition, age, exterior, etc. for 92 Melrose…
Longitude: -81.744811 Latitude: 38.796281 Parcel Number (APN): 04-16A-00030000…

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Discover more single family homes near 92 Melrose Ln in Ripley, West Virginia. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 92 Melrose Ln in Jackson County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$276,227
$141,441
$134,786 (95%)
—
—
—
YoY Price Change
—
—
—
Year Built
2013
1974
39 years
Living Space
1,719 sq ft
1,536 sq ft
183 (12%)
$ Per Living Sq Ft
$161
$92
$69 (76%)
Lot Size
97,574 sq ft
15,059 sq ft
82515 (548%)
$ Per Lot Sq Ft
$3
$8
-$5 (-66%)

Net Operating Income
$*****
$16,318
$1,869 (11%)
Annual Revenue
$25,200
$21,000
$4,200 (20%)
$****
$4,705
$2,308 (49%)
Net Operating Income
$*****
$16,318
$1,869 (11%)
Cap Rate
****%
11.52%
—
View Zip code Data
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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