NOT LISTED FOR SALE

Estimated Value: $27,000 - $334,000

0.44 Acre
$414,598 Price per Acre
19,297 Sq Ft Lot

Last Sold April 23, 2020

Last sale price $10,000 $1 Per Sq Ft

Est. 1,737% increase in value since last sale

Current estimated payment $1,012/month

34 Days on Market

About This Lot

As of April 2020

2 Lots Included! Exceptional investment opportunity or home build site with CREEK near Liberty University. Situated on a quiet residential street in the heart of Lynchburg, just off Fort Ave and Perrymont Ave, you will not find a better build opportunity for the money. City water and city sewer access. Quiet build site. Mostly cleared & ready to build. Perfect for a first home, move-up home, or even 2 townhomes for continued cashflow. With quick and easy access to Liberty University, as well as the University of Lynchburg (formerly Lynchburg College), owners & tenants will appreciate access to public transportation, restaurants, shopping, entertainment, and being in the heart of town, while enjoying a peaceful environment, at an unbeatable price. Elevated build site is readily accessible by previously graded access point on front corner. Call with any questions. We expect this home site to sell quickly. Listing agent is owner of both lots (1012 & 1014). Both will convey at closing!

Last Agent to Sell the Property

Adam Hopkins

The Hopkins Real Estate Group License #0225067228 Listed on: 02/21/2020

Last Buyer's Agent

Adam Hopkins

The Hopkins Real Estate Group License #0225067228 Listed on: 02/21/2020

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $154

Lot Details

  • 0.44 Acre Lot
  • Property is zoned R-2

Schools

  • Perrymont Elementary School
  • Pl Dunbar Midl Middle School
  • Heritage High School

Utilities

  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 05507067

Property Details

Property Type

Land

Est. Annual Taxes

$154

Lot Details

0

Listing Details

  • FILLACRES: 0.4430
  • BuildingOnProperty: None
  • Directions: Wards Rd to Fort Ave. Turn LEFT onto Lindsay St, across from Patel & Dalrymple Law Firm. Build site will be around corner on RIGHT. Look for sign.
  • ElementarySchool7: Perrymont Elem
  • HighSchool7: Heritage High
  • Internet Providers: Comcast/Xfinity, Verizon
  • Lot Measurement: Acres
  • Lot Sq Ft: 19297.00
  • MiddleSchool7: PL Dunbar Midl
  • Days On Market: No
  • Property Subtype1: Unimproved Land
  • Prop. Type: Land
  • Restrictions: No Horses Allowed
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 05507067
  • 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, U.S. Highway
  • Broker Approved: Yes
  • Legal Description: CRADDOCK, BLK 10, PT LOT 1 & LOT 2
  • Reciprocal Listing: No

Exterior Features

  • Road Frontage: 100.00
  • Topography: Rolling to level build site.

Utilities

  • Utilities: Cable Available, Cable TV, ElectricityAvailable, NaturalGasAvailable, Overhead Electric, Overhead Phone, Water System Avail
  • Utility Electric: American Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Best Use: Dvlp to Residential, Investment
  • Current Use: Residential, Unimproved, Vacant
  • Zoning: R-2

Tax Info

  • Estimated Taxes: 154

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2020
Closed on
Apr 9, 2020
Sold by
Hopkins Adam
Bought by
Dm Investment Group Llc
Seller's Agent
Adam Hopkins
The Hopkins Real Estate Group
Buyer's Agent
Adam Hopkins
The Hopkins Real Estate Group
List Price
$14,900
Sold Price
$10,000
Premium/Discount to List
-$4,900
-32.89%
Current Estimated Value
$183,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,667
Avg. Annual Appreciation
69.11%

Purchase Details

Closed on
Mar 26, 2019
Sold by
Boyer Robert E and Boyer Jennifer M
Bought by
Hopkins Adam

Purchase Details

Closed on
Apr 14, 2008
Sold by
Amason Lindsey J and Ross Lindsey J
Bought by
Boyer Robert E and Boyer Jennifer M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,263
Interest Rate
6.1%
Mortgage Type
FHA
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
Dm Investment Group Llc $10,000 None Available
Hopkins Adam -- Sage Title Group
Boyer Robert E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Boyer Robert E $93,263
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2020 04/23/20 Sold $10,000 -32.9% $1 / Sq Ft
03/26/2020 03/26/20 Pending -- -- --
02/21/2020 02/21/20 For Sale $14,900 -- $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 $140 $15,700 $15,700 $0
2023 $140 $15,700 $15,700 $0
2022 $99 $9,600 $9,600 $0
2021 $107 $9,600 $9,600 $0
2020 $107 $9,600 $9,600 $0
2019 $107 $9,600 $9,600 $0
2018 $89 $8,000 $8,000 $0
2017 $89 $8,000 $8,000 $0
2016 $89 $8,000 $8,000 $0
2015 $89 $8,000 $8,000 $0
2014 $89 $8,000 $8,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 323426

APN: 055-07-067