NOT LISTED FOR SALE

0 2 705 Old Town Connector Unit 340179 Madison Heights, VA 24572

Estimated Value: $137,000

2.71 Acres
$50,647 Price per Acre
117,830 Sq Ft Lot

Last Sold March 24, 2023

Last sale price $33,500 $0 Per Sq Ft

Est. 309% increase in value since last sale

Current estimated payment $772/month

187 Days on Market

About This Lot

As of March 2023

Vacant land, mostly level and open. Super convenient to vibrant downtown area, Rt 29 Business and the Rt 29 Bypass. Whether you want to build your own home or an investor wants to build a couple quadraplexes, check this one out!

Last Agent to Sell the Property

Teresa Hudson

John Stewart Walker, Inc License #0225170883 Listed on: 08/24/2022

Last Buyer's Agent

Jenny Burge

Alliance Realty Group License #0225094851

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $610

Lot Details

  • 2.71 Acre Lot

Schools

  • Madison Heights Elementary School
  • Monelison Midl Middle School
  • Amherst High School

Listing and Financial Details

  • Assessor Parcel Number 160A2-A-20

Property Details

Property Type

Land

Est. Annual Taxes

$610

Lot Details

0

Listing Details

  • FILLACRES: 2.7050
  • BuildingOnProperty: None
  • Directions: 29N Business from downtown. Take the 210 Exit on the Right. Turn L at the top of the hill at the stoplight, go through the next stoplight and the land will be on your right.You can go R onto Main at that stoplight and turn onto Golf Dr to walk it.
  • Lot Measurement: Acres
  • Lot Sq Ft: 117830.00
  • Days On Market: No
  • Property Subtype1: Unimproved Land
  • Prop. Type: Land
  • Restrictions: None
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 160A2-A-20
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Disability Access: Rd Frnt State Paved
  • Accessible Transportation: Air 5-10 Miles, State Maintained Rd
  • Bathrooms Display: 0 (0 0)
  • Broker Approved: Yes
  • Legal Description: Lots 4-6 and 8 tax map#160A2A20
  • Reciprocal Listing: No

Exterior Features

  • Road Frontage: 264.00
  • Topography: Est 2-5 Bldg Sites

Utilities

  • Utilities: ElectricityAvailable
  • Utility Electric: American Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • Elementary School: Madison Heights Elem
  • High School: Amherst High
  • Middle School: Monelison Midl
  • School District: Amherst

Lot Info

  • Best Use: Develop to Business, Dvlp to Residential
  • Current Use: Vacant

Tax Info

  • Estimated Taxes: 610

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2022
Closed on
Mar 24, 2023
Sold by
Mcconaghy Leigh S
Bought by
Maddox Paul G
Seller's Agent
Teresa Hudson
John Stewart Walker, Inc
Buyer's Agent
Jenny Burge
Alliance Realty Group
List Price
$52,900
Sold Price
$33,500
Premium/Discount to List
-$19,400
-36.67%
Views
141
Current Estimated Value
$137,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,500
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Maddox Paul G $33,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2023 03/24/23 Sold $33,500 -35.5% $0 / Sq Ft
02/27/2023 02/27/23 Pending -- -- --
01/20/2023 01/20/23 Price Changed $51,900 -1.9% $0 / Sq Ft
08/24/2022 08/24/22 For Sale $52,900 -- $0 / Sq Ft
Source: Lynchburg Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $610 $100,000 $100,000 $0
2024 $610 $100,000 $100,000 $0
2023 $610 $100,000 $100,000 $0
2022 $610 $100,000 $100,000 $0
2021 $610 $100,000 $100,000 $0
2020 $610 $100,000 $100,000 $0
2019 $610 $100,000 $100,000 $0
2018 $610 $100,000 $100,000 $0
2017 $610 $100,000 $100,000 $0
2016 $610 $100,000 $100,000 $0
2015 $280 $100,000 $100,000 $0
2014 $280 $100,000 $100,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Teresa Hudson

    Seller's Agent in 2023

    Teresa Hudson

    John Stewart Walker, Inc

    (434) 841-8096

    7 in this area

    63 Total Sales

    Teresa Hudson
    Section Image

  • J

    Buyer's Agent in 2023

    Jenny Burge

    Alliance Realty Group

    (434) 660-0711

    2 in this area

    110 Total Sales

    Jenny Burge
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 340179

APN: 160A2-A-20

Virginia Amherst County Madison Heights 24572

0 2 705 Old Town Connector Unit 340179, Madison Heights, VA

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