NOT LISTED FOR SALE

1002 Wood Rd Lynchburg, VA 24502

Estimated Value: $243,000 - $332,000

4.46 Acres
$67,658 Price per Acre
194,278 Sq Ft Lot

Last Sold April 25, 2018

Last sale price $120,000 $1 Per Sq Ft

Est. 151% increase in value since last sale

Current estimated payment $1,820/month

315 Days on Market

About This Lot

As of April 2018

Developers!Come walk this beautiful property just off Timberlake Road, one block from Brookville High School. This 4.45 acre tract has established hardwood trees and open pasture, slightly rolling at back of the property. It is ideal for a townhouse community with plenty of room for fields and play space. Come explore the possibilities!

Last Agent to Sell the Property

Peggy Christmas

Long & Foster-Forest License #0225224730 Listed on: 06/01/2017

Long & Foster-Forest

Last Buyer's Agent

Tommy DeWitt

DeWitt Real Estate & Auctions License #0225033016

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,986

Lot Details

  • 4.46 Acre Lot
  • Property is zoned R3

Schools

  • Heritage Elementary School
  • Sandusky Midl Middle School
  • Heritage High School

Additional Features

  • 194,060 Sq Ft Home
  • Barn

Community Details

  • Lockewood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2530300125303003

Property Details

Property Type

Land

Est. Annual Taxes

$1,986

Lot Details

0

Listing Details

  • FILLACRES: 4.4600
  • BuildingOnProperty: Barn, House
  • Directions: Timberlake Rd. to Right on Wood Rd. Property on the right.
  • ElementarySchool7: Heritage Elem
  • HighSchool7: Heritage High
  • Lot Measurement: Acres
  • Lot Sq Ft: 194278.00
  • MiddleSchool7: Sandusky Midl
  • Days On Market: No
  • Property Subtype1: Unimproved Land
  • Prop. Type: Land
  • Restrictions: Dblwides Not Allowed, Mobiles Not Allowed, Modulars Not Allowed, No Horses Allowed, No Livestock Allowed
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 2530300125303003
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Disability Access: Rd Frnt State Paved
  • Accessible Transportation: Air 2-5 Miles, City Maintained, State Maintained Rd
  • Broker Approved: Yes
  • Legal Description: Salem TP, PT Lot 3
  • Reciprocal Listing: No

Exterior Features

  • Road Frontage: 220.00
  • Topography: Level to Rolling

Utilities

  • Utilities: ElectricityAvailable, Sewer System Avail, Water System Avail

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors
  • Subdivision Complex: Lockewood

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Best Use: Dvlp to Residential
  • Current Use: Vacant
  • Lot Sq Ft: 194060.00
  • Zoning: R3

Tax Info

  • Estimated Taxes: 1986

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2021
Sold by
Fof Llc
Bought by
Bell Terrace Developers Llc
Current Estimated Value
$301,755

Purchase Details

Closed on
Dec 13, 2021
Sold by
Wood If I Could Developers Llc
Bought by
Fof Llc and Goode Life Llc

Purchase Details

Listed on
Jun 1, 2017
Closed on
Apr 20, 2018
Sold by
Kiger Janet T
Bought by
Wood If I Could Developers Llc
Seller's Agent
Peggy Christmas
Long & Foster-Forest
Buyer's Agent
Tommy DeWitt
DeWitt Real Estate & Auctions
List Price
$190,000
Sold Price
$120,000
Premium/Discount to List
-$70,000
-36.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.07%
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
Bell Terrace Developers Llc $359,000 Old Republic National Title
Fof Llc -- None Available
Wood If I Could Developers Llc $120,000 Old Republic National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bell Terrace Developers Llc $4,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2018 04/25/18 Sold $120,000 -36.8% $1 / Sq Ft
04/12/2018 04/12/18 Pending -- -- --
06/01/2017 06/01/17 For Sale $190,000 -- $1 / 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
2024 $2,148 $247,800 $25,000 $222,800
2023 $89 $10,000 $10,000 $0
2022 $568 $55,100 $45,000 $10,100
2021 $612 $55,100 $45,000 $10,100
2020 $612 $55,100 $45,000 $10,100
2019 $612 $55,100 $45,000 $10,100
2018 $847 $50,500 $40,500 $10,000
2017 $965 $86,900 $40,500 $46,400
2016 $931 $83,900 $37,500 $46,400
2015 $931 $83,900 $37,500 $46,400
2014 $931 $83,900 $37,500 $46,400
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2018

    Peggy Christmas

    Long & Foster-Forest

    (434) 338-9885

    12 Total Sales

    Peggy Christmas
    Section Image

  • T

    Buyer's Agent in 2018

    Tommy DeWitt

    DeWitt Real Estate & Auctions

    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 305655

APN: 253-03-001

Virginia Lynchburg City County Lynchburg 24502

1002 Wood Rd, Lynchburg, VA

This home is located at 1002 Wood Rd, Lynchburg, VA 24502 since 01 June 2017 and is currently estimated at $301,755, approximately $1 per square foot. 1002 Wood Rd is a home located in Lynchburg City with nearby schools including Heritage Elementary School, Sandusky Middle School, and Heritage High School.

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