$51,100
SOLD OCT 29, 2014

1022 Chowan Ave Lynchburg, VA 24502

Fort Hill Neighborhood
3 Beds
1 Bath
1,071 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$48 Per Sq Ft

15% Below List Price

14 Days on Market

Highlights

  • Wood Flooring
  • Bungalow
  • 1-Story Property

About This Home

As of June 2015

Equal Housing Opportunity. Brick bungalo with partially finised basement in desirable Fort Hill neighborhood. HUD Owned.UI Property Case #541-655023, Property for sale AS-IS, without warranties, repairs. Not responsible for latent or structural defects,code violations, or LBP, radon, mold ,acreage approx. Please see the HUD website for more information.The accuracy of the listing information for this property, regardless of source, is deemed reliable but not guaranteed

Last Agent to Sell the Property

Robert Jacobs

4 List Real Estate Associates License #0225105768 Listed on: 09/12/2014

Last Buyer's Agent

ANGELA D SMITH

NextHome TwoFourFive License #0225096459

NextHome TwoFourFive

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,035

Year Built

  • Built in 1962

Home Design

  • Bungalow
  • Shingle Roof

Interior Spaces

  • 1,071 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

  • Walk-Out Basement
  • Exterior Basement Entry
  • Laundry in Basement

Schools

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

Additional Features

  • 7,405 Sq Ft Lot
  • Electric Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,035

Year Built

Built in 1962

Lot Details

0

Listing Details

  • FILLACRES: 0.1700
  • Directions: Perrymont to left on Hilltop to right on Chowan to house on right
  • ElementarySchool7: Perrymont Elem
  • HighSchool7: Heritage High
  • Lot Measurement: Acres
  • Lot Sq Ft: 7405.00
  • MiddleSchool7: PL Dunbar Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • Year Built: 1962
  • Heating System: Other
  • Building Stories: One
  • Dwelling Styles: Bungalow
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 0.000 x 0.000
  • Masterbedroom Area: 100.000000
  • Master Bedroom Dim: 10.000 x 10.000
  • Masterbedroom Len: 10.000
  • Masterbedroom Wid: 10.000
  • 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: 3
  • Broker Approved: Yes
  • Legal Description: FORT HILL, BLK 12, LOT 8
  • Reciprocal Listing: No
  • Above Grade Finished Sq Ft: 1071.00
  • ApplianceConvey: Other
  • Has Attic: Other
  • Has Basement: Exterior Entrance, Partitioned, Walkout
  • Flooring: Wood, Other
  • Year Built Exception: 0
  • Level 1 Full Bathrooms: 1
  • Interior Amenities: Other
  • Laundry: Basement, Dryer Connection, Washer Connections
  • Master Bedroom: 10x10 Level: Level 1 Above Grade
  • Livinggreat Room Dim: 0.000 x 0.000
  • 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

  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Other

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Air Conditioner: Other
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 1071.00

Tax Info

  • Estimated Taxes: 1035

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2015
Closed on
Jun 24, 2015
Sold by
Prithee Properties Inc
Bought by
Ignacio Jonathan B and Ignacio Jessica K
Seller's Agent
ANGELA D SMITH
NextHome TwoFourFive
Buyer's Agent
ANGELA D SMITH
NextHome TwoFourFive
List Price
$136,900
Sold Price
$136,900
Current Estimated Value
$246,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,171
Avg. Annual Appreciation
5.84%
Original Mortgage
$134,419
Outstanding Balance
$105,875
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$137,343

Purchase Details

Listed on
Sep 12, 2014
Closed on
Oct 15, 2014
Sold by
The Secretary Of Hud
Bought by
Prithee Properties Inc
Seller's Agent
Robert Jacobs
4 List Real Estate Associates
Buyer's Agent
ANGELA D SMITH
NextHome TwoFourFive
List Price
$60,000
Sold Price
$51,100
Premium/Discount to List
-$8,900
-14.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
335.29%
Original Mortgage
$62,000
Interest Rate
4.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 14, 2014
Sold by
Suntrust Mortgage Inc
Bought by
The Secretary Of Hud
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- None Available
Deed $51,100 None Available
Special Warranty Deed $69,702 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $134,419 FHA
Previous Owner $62,000 Commercial
Previous Owner $62,000 Commercial
Previous Owner $105,600 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2015 06/30/15 Sold $136,900 0.0% $68 / Sq Ft
06/30/2015 06/30/15 Pending -- -- --
06/30/2015 06/30/15 For Sale $136,900 +167.9% $68 / Sq Ft
10/29/2014 10/29/14 Sold $51,100 -14.8% $48 / Sq Ft
09/26/2014 09/26/14 Pending -- -- --
09/12/2014 09/12/14 For Sale $60,000 -- $56 / 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 $1,727 $194,100 $28,000 $166,100
2023 $1,727 $194,100 $28,000 $166,100
2022 $1,451 $140,900 $24,000 $116,900
2021 $1,564 $140,900 $24,000 $116,900
2020 $1,411 $127,100 $24,000 $103,100
2019 $1,411 $127,100 $24,000 $103,100
2018 $1,339 $120,600 $20,000 $100,600
2017 $1,339 $120,600 $20,000 $100,600
2016 $1,339 $120,600 $20,000 $100,600
2015 $1,339 $93,200 $20,000 $73,200
2014 $1,035 $97,800 $20,000 $77,800
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2015

    ANGELA D SMITH

    NextHome TwoFourFive

    (434) 851-4477

    2 in this area

    98 Total Sales

    Section Image

  • R

    Seller's Agent in 2014

    Robert Jacobs

    4 List Real Estate Associates

    Section Image
See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 287668

APN: 054-18-020

Virginia Lynchburg City County Lynchburg 24502 Fort Hill

1022 Chowan Ave, Lynchburg, VA

This home is located at 1022 Chowan Ave, Lynchburg, VA 24502 and is currently priced at $51,100, approximately $47 per square foot. This property was built in 1962. 1022 Chowan Ave is a home located in Lynchburg City with nearby schools including Perrymont Elementary School, Paul Laurence Dunbar Mid. for Innov., and Heritage High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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