NOT LISTED FOR SALE

0 Learning Ln Unit 341461 Madison Heights, VA 24572

Estimated Value: $160,500

5.36 Acres
$29,950 Price per Acre
233,438 Sq Ft Lot

Last Sold January 10, 2023

Last sale price $65,000 $0 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $902/month

24 Days on Market

About This Lot

As of January 2023

Convenient to shopping, Rt. 29 and only 5 minutes from Downtown Lynchburg, this 5.35 acre, cul-de-sac property is the largest tract in the Beechwoods Estates community. Mostly wooded and gently rolling hills make this the perfect location to build your dream home! Horses are allowed!

Last Agent to Sell the Property

Wendy Reddy

Reddy Real Estate, Inc. License #0225058288 Listed on: 11/14/2022

Last Buyer's Agent

Sam Davis

Sam E Davis Real Estate License #0225000994

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $402

Lot Details

  • 5.36 Acre Lot
  • Property is zoned R1

HOA Fees

  • $25 Monthly HOA Fees

Schools

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

Utilities

  • Underground Utilities
  • Cable TV Available

Community Details

  • Beechwood Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 155-7-6

Property Details

Property Type

Land

Est. Annual Taxes

$402

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • FILLACRES: 5.3590
  • AssocFeeOptional: No
  • BuildingOnProperty: None
  • Directions: Rt 29, Left onto River James Dr (at Lowes) to Right onto Learning Ln. Land is at the end of Learning lane straight ahead in cul-de-sac.
  • Internet Providers: Comcast/Xfinity, Verizon
  • Lot Measurement: Acres
  • Lot Sq Ft: 233438.00
  • Days On Market: No
  • Property Subtype1: Unimproved Land
  • Prop. Type: Land
  • Restrictions: Dblwides Not Allowed, Mobiles Not Allowed, Modulars Allowed, No Livestock Allowed, Subdividing Restrict
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 155-7-6
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Disability Access: Rd Frnt State Paved
  • Accessible Transportation: State Maintained Rd, U.S. Highway
  • Bathrooms Display: 0 (0 0)
  • Broker Approved: Yes
  • Legal Description: LOT 6 BEECHWOOD ESTATES OFF LEARNING LANE 155 7 6
  • Reciprocal Listing: No

Exterior Features

  • Lot Number: 6
  • Topography: Gently rolling, mostly wooded

Utilities

  • Utilities: Cable Available, Cable TV, Underground Electric
  • Utility Electric: American Electric

Condo/Co-op/Association

  • HOA Fee Frequency: Yearly
  • HOA: Lynchburg Board of Realtors
  • Association Fee: 300.00
  • Subdivision Complex: BEECHWOOD ESTATES

Schools

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

Lot Info

  • Best Use: Dvlp to Residential
  • Current Use: Unimproved
  • Zoning: R1

Tax Info

  • Estimated Taxes: 402

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2022
Closed on
Jan 5, 2023
Sold by
Morykon Brian M
Bought by
Jennings Brandon D and Jennings Sylvia Rebekah
Seller's Agent
Wendy Reddy
Reddy Real Estate, Inc.
Buyer's Agent
Sam Davis
Sam E Davis Real Estate
List Price
$65,000
Sold Price
$65,000
Views
79
Current Estimated Value
$160,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,500
Original Mortgage
$92,000
Outstanding Balance
$72,491
Interest Rate
5.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2021
Sold by
Mays Claude W and Mays Janet E
Bought by
Morykon Brian M

Purchase Details

Closed on
May 24, 2007
Sold by
Sam E Davis Development Llc
Bought by
Mays Claude W and Mays Janet E
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
Jennings Brandon D $65,000 Old Republic National Title
Morykon Brian M $72,000 Attorney
Mays Claude W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jennings Brandon D $92,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2023 01/10/23 Sold $65,000 0.0% $0 / Sq Ft
12/08/2022 12/08/22 Pending -- -- --
11/14/2022 11/14/22 For Sale $65,000 -- $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 $401 $65,800 $65,800 $0
2024 $401 $65,800 $65,800 $0
2023 $401 $65,800 $65,800 $0
2022 $401 $65,800 $65,800 $0
2021 $401 $65,800 $65,800 $0
2020 $401 $65,800 $65,800 $0
2019 $401 $65,800 $65,800 $0
2018 $401 $65,800 $65,800 $0
2017 $401 $65,800 $65,800 $0
2016 $401 $65,800 $65,800 $0
2015 $368 $65,800 $65,800 $0
2014 $368 $65,800 $65,800 $0
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2023

    Wendy Reddy

    Reddy Real Estate, Inc.

    (434) 258-4121

    3 in this area

    106 Total Sales

    Wendy Reddy
    Section Image

  • S

    Buyer's Agent in 2023

    Sam Davis

    Sam E Davis Real Estate

    (434) 238-8080

    21 in this area

    49 Total Sales

    Sam Davis
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 341461

APN: 155-7-6

Virginia Amherst County Madison Heights 24572

0 Learning Ln Unit 341461, Madison Heights, VA

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