Why Live in Tate Springs
Tate Springs, a neighborhood in Lynchburg, has been a secure suburb since 1912, attracting many medical professionals due to its proximity to major healthcare facilities like Centra Lynchburg General Hospital and Centra Heart and Vascular Institute. The area is known for its traditional atmosphere, making it a suitable place for families. The James River, just two miles away, offers fishing and canoeing opportunities, while Lynchburg Dog Park and Blackwater Creek Athletic Area provide recreational spaces for both pets and people. Blackwater Creek Natural Area features seven trails, some leading to the Awareness Garden, a reflective space dedicated to cancer victims. The neighborhood consists of ranch-style and Colonial homes along hilly roads. However, due to its proximity to the James River, there is an extreme risk of flooding, and residents are advised to have flood insurance. Tate Springs is served by the Lynchburg City Schools District, with E.C. Glass High School being a highly rated option. The University of Lynchburg is nearby, and Liberty University is 5 miles away. Dining options include La Carreta, known for its authentic Mexican cuisine, and Jo Jo Pizza & Grill. For groceries, residents frequent F & L Market Grocery Store and Lynchburg Community Market, which also features live music on Saturdays. Venue Cinemas offers affordable movie tickets, and downtown Lynchburg, less than a 10-minute drive away, hosts small businesses and the local YMCA. U.S. Route 29 and various bus stops provide convenient transportation, with Lynchburg Regional Airport located 9 miles away.
Home Trends in Tate Springs, VA
On average, homes in Tate Springs, Lynchburg sell after 21 days on the market compared to the national average of 51 days. The median sale price for homes in Tate Springs, Lynchburg over the last 12 months is $221,250, down 13% from the median home sale price over the previous 12 months.
Median Sale Price
$221,250
Median Single Family Sale Price
$195,000
Median Townhouse Sale Price
$380,000
Average Price Per Sq Ft
$155
Number of Homes for Sale
3
Last 12 months Home Sales
6
Median List Price
$239,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-13%