NOT LISTED FOR SALE

1005 Wood Rd Lynchburg, VA 24502

Estimated Value: $196,000 - $235,530

2 Beds
1 Bath
1,424 Sq Ft
$152/Sq Ft Est. Value

Last Sold August 17, 2023

Last sale price $181,970 $128 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,268/month

4 Days on Market

Highlights

  • Ranch Style House
  • Outdoor Storage
  • Ceiling Fan
  • Garden
  • Landscaped
  • 2-minute walk to Kids Cove

About This Home

As of August 2023

This home is located right off Timberlake Road and is zoned B3 Community Business District, or can be used as a Residential Home. You can run your business right in your home. Any small business such as real estate office, insurance office, furniture store, antiques store, nail salon etc could potential operate in this home. This home is unique in that it is completely surrounded by all residential homes. If you are looking for a business location, or a nice home priced under $200,000 to live in, this home has it. Great larger lot for a city location, 2 bedrooms 1 bathroom with the potential to use a smaller room as a 3rd bedroom, or office space. Home has a large addition for dining/living or the business side of the home. Come take a look quick before it is gone soon.

Last Agent to Sell the Property

Barbara Peluso Terzakos

Mark A. Dalton & Co., Inc. License #0225241335 Listed on: 07/02/2023

Last Buyer's Agent

DON MARR

NextHome TwoFourFive License #0225248458

NextHome TwoFourFive

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,035

Year Built

  • Built in 1951

Lot Details

  • 0.43 Acre Lot
  • Landscaped
  • Garden
  • Property is zoned B3

Parking

  • Off-Street Parking

Home Design

  • Ranch Style House
  • Shingle Roof

Interior Spaces

  • 1,424 Sq Ft Home
  • Ceiling Fan
  • Gas Log Fireplace
  • Laminate Flooring
  • Walkup Attic
  • Electric Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub Includes Tile Surround

Basement

  • Exterior Basement Entry
  • Sump Pump

Outdoor Features

  • Outdoor Storage

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Community Details

  • Timberlake Commercial Corridor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 25310004

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,035

Year Built

Built in 1951

Lot Details

0

Listing Details

  • FILLACRES: 0.4310
  • BuildingOnProperty: Storage Building, Other
  • Directions: Timberlake to Wood Road First Home on left side
  • ElementarySchool7: Heritage Elem
  • HighSchool7: Heritage High
  • Lot Measurement: Acres
  • Lot Sq Ft: 18774.00
  • MiddleSchool7: Sandusky Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 25310004
  • Year Built: 1951
  • Heating System: Heat Pump
  • Building Stories: One
  • Dwelling Styles: Ranch
  • Officeden Len: 20.000
  • Officeden Wid: 26.000
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 0.000 x 0.000
  • Masterbedroom Area: 144.000000
  • Master Bedroom Dim: 12.000 x 12.000
  • Masterbedroom Len: 12.000
  • Masterbedroom Wid: 12.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 1.00
  • Bathrooms Display: 1 (1 0)
  • Lower Floor 1 Bedrooms: 2
  • Broker Approved: Yes
  • Legal Description: REBURN LOT G
  • Reciprocal Listing: No
  • Second Bedroom: 12x11 Level: Level 1 Above Grade
  • Second Bedroom Area: 132.000000
  • Above Grade Finished Sq Ft: 1424.00
  • ApplianceConvey: Range-Elec, Refrigerator
  • Has Attic: Walk-Up Stairs
  • Has Basement: Exterior Entrance, Sump Pump
  • Flooring: Laminate
  • Year Built Exception: 0
  • Den: 20x26 Level: Level 1 Above Grade
  • Fireplace: 1 Fireplace, Gas Log
  • Level 1 Full Bathrooms: 1
  • Interior Amenities: Ceiling Fan(s), Main Level Bedroom, Main Level Den, Tile Bath(s)
  • Dining Kitchen: 14x9 Level: Level 1 Above Grade
  • Laundry: Main Level
  • Master Bedroom: 12x12 Level: Level 1 Above Grade
  • Den Area: 520.000000
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 126.000000
  • Est Other Room1 Dim: 0.000 x 0.000
  • Est Other Room2 Dim: 0.000 x 0.000
  • Est Other Room3 Dim: 0.000 x 0.000
  • Rec Room Dim: 0.000 x 0.000
  • Sunroom Dim: 0.000 x 0.000

Exterior Features

  • Lot Number: G
  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Off-Street Parking, Garden Space, Landscaped, Insulated Glass

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Utility Electric: AEP/Appalachian Powr
  • Air Conditioner: Heat Pump
  • Sewer: Septic Tank
  • Hot Water: City
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors
  • Subdivision Complex: Timberlake Commercial Corridor

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 1424.00
  • Zoning: B3

Tax Info

  • Estimated Taxes: 1035

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2023
Closed on
Aug 14, 2023
Sold by
Vest Roy and Ponikvar Whitney
Bought by
Mcdaniel Nubie Tonya
Seller's Agent
Barbara Peluso Terzakos
Mark A. Dalton & Co., Inc.
Buyer's Agent
DON MARR
NextHome TwoFourFive
List Price
$174,470
Sold Price
$181,970
Premium/Discount to List
$7,500
4.3%
Views
93
Current Estimated Value
$216,133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,163
Avg. Annual Appreciation
6.06%
Original Mortgage
$178,674
Outstanding Balance
$175,445
Interest Rate
6.78%
Mortgage Type
FHA
Estimated Equity
$29,971

Purchase Details

Closed on
Mar 10, 2008
Sold by
Simonton Robert L
Bought by
Vest Diane S
Source: Public Records

Range of Values:

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Average Value
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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
Mcdaniel Nubie Tonya $181,970 None Listed On Document
Vest Diane S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcdaniel Nubie Tonya $178,674
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2023 08/17/23 Sold $181,970 0.0% $128 / Sq Ft
07/07/2023 07/07/23 Price Changed $181,970 +4.3% $128 / Sq Ft
07/06/2023 07/06/23 Pending -- -- --
07/02/2023 07/02/23 For Sale $174,470 -- $123 / 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 $1,193 $134,000 $53,900 $80,100
2023 $1,164 $134,000 $53,900 $80,100
2022 $978 $95,000 $53,900 $41,100
2021 $1,055 $95,000 $53,900 $41,100
2020 $1,055 $95,000 $53,900 $41,100
2019 $1,055 $95,000 $53,900 $41,100
2018 $1,030 $92,800 $51,700 $41,100
2017 $1,030 $92,800 $51,700 $41,100
2016 $1,030 $92,800 $51,700 $41,100
2015 $1,030 $92,800 $51,700 $41,100
2014 $1,030 $92,800 $51,700 $41,100
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Barbara Peluso Terzakos

    Mark A. Dalton & Co., Inc.

    Section Image
  • DON MARR

    Buyer's Agent in 2023

    DON MARR

    NextHome TwoFourFive

    (434) 215-8178

    71 Total Sales

    DON MARR
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 345000

APN: 253-10-004

Virginia Lynchburg City County Lynchburg 24502

1005 Wood Rd, Lynchburg, VA

This home is located at 1005 Wood Rd, Lynchburg, VA 24502 since 02 July 2023 and is currently estimated at $216,133, approximately $151 per square foot. This property was built in 1951. 1005 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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