NOT LISTED FOR SALE

1024 Main St Lynchburg, VA 24504

Central Business District Neighborhood

Estimated Value: $951,620

3 Beds
5 Baths
8,360 Sq Ft
$114/Sq Ft Est. Value

Last Sold January 17, 2017

Last sale price $550,000 $66 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $5,648/month

130 Days on Market

Highlights

  • 0.06 Acre Lot
  • Wood Flooring
  • Great Room
  • Mountain View
  • Victorian Architecture
  • 4-minute walk to Riverfront Skate Park

About This Home

As of January 2017

Incredible views, exposed brick walls, and wonderful open floor plan come together in this c. 1888 historic architectural gem on Main Street. Retail store on first level is on a new 2-yr lease. 2nd and 3rd floors renovated in 2013 to an impressive 4,000+ SF 2-story residence with open floorplan. Full basement and partial sub-basement can also be developed along with the 4th floor. The owner has already added the rooftop deck with modern railings that enhance the magnificent views of the mountains, river and skyline of Lynchburg and the surrounding area. Easy access to parking via your own personal connector to the adjacent parking deck. Wonderful opportunity to live in downtown and have income generated from tenant. This building is impressive!

Last Agent to Sell the Property

Terri Proffitt

Consensus Real Estate Service License #0225105463 Listed on: 09/01/2016

Last Buyer's Agent

Ricky Read

Coldwell Banker Commercial Rea License #0225188167

Coldwell Banker Commercial Rea

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,788

Year Built

  • Built in 1888

Lot Details

  • 2,439 Sq Ft Lot

Home Design

  • Victorian Architecture
  • Plaster

Interior Spaces

  • 8,360 Sq Ft Home
  • Ceiling Fan
  • Great Room
  • Wood Flooring
  • Mountain Views
  • Interior and Exterior Basement Entry
  • Laundry closet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Attic

  • Attic Floors
  • Walkup Attic

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • Downtown Central Business District Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02464009

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,788

Year Built

Built in 1888

Lot Details

0

Listing Details

  • FILLACRES: 0.0560
  • Directions: US Route 29 Business to Main Street exit to property on right before you get to Sunburst Bank.
  • ElementarySchool7: Perrymont Elem
  • HighSchool7: Heritage High
  • Lot Measurement: Acres
  • Lot Sq Ft: 2439.00
  • MiddleSchool7: PL Dunbar Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 02464009
  • Year Built: 1888
  • HalfBathBelowGrade: 2
  • Heating System: Heat Pump
  • Building Stories: See Remarks
  • Dwelling Styles: Victorian
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 0.000 x 0.000
  • Masterbedroom Area: 261.000000
  • Master Bedroom Dim: 14.500 x 18.000
  • Masterbedroom Len: 14.500
  • Masterbedroom Wid: 18.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 5.00
  • Bathrooms Display: 5 (2 3)
  • Lower Floor 1 Bedrooms: 3
  • Broker Approved: Yes
  • Legal Description: 1024 Main Street, Lynchburg, VA Downtown Central Business District
  • Reciprocal Listing: No
  • Second Bedroom: 20x14 Level: Level 3 Above Grade
  • Second Bedroom Area: 280.000000
  • Third Bedroom: 40x18 Level: Level 3 Above Grade
  • Third Bedroom Area: 720.000000
  • Above Grade Finished Sq Ft: 6254.00
  • ApplianceConvey: None
  • Has Attic: Floored, Walk-Up Stairs
  • Has Basement: Exterior Entrance, Interior Entrance
  • Flooring: Hardwood
  • Year Built Exception: 0
  • Level 3 Full Bathrooms: 2
  • Great Room: 119x18.70 Level: Level 2 Above Grade
  • Level 2 Half Bathroom: 1
  • Interior Amenities: Ceiling Fan(s), Great Room, Plaster, Walk-In Closet(s)
  • Laundry: Laundry Closet
  • Master Bedroom: 14.50x18 Level: Level 3 Above Grade
  • GreatRoom Area: 2225.300000
  • Livinggreat Room Dim: 119.000 x 18.700
  • 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: Other
  • New Construction: Completed
  • Exterior Features: Mountain Views, Other

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Air Conditioner: Heat Pump
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors
  • Subdivision Complex: Downtown Central Business District

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 8360.00

Tax Info

  • Estimated Taxes: 2788

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2023
Sold by
Humboldt Squid Properties Llc
Bought by
Wu Xianjin and Huang Li Fang
Current Estimated Value
$951,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$615,000
Outstanding Balance
$600,131
Interest Rate
6.49%
Mortgage Type
Credit Line Revolving
Estimated Equity
$335,526

Purchase Details

Listed on
Sep 1, 2016
Closed on
Jan 10, 2017
Sold by
Truner Matthew L
Bought by
Humboldt Squid Properties Llc
Seller's Agent
Terri Proffitt
Consensus Real Estate Service
Buyer's Agent
Ricky Read
Coldwell Banker Commercial Rea
List Price
$650,000
Sold Price
$550,000
Premium/Discount to List
-$100,000
-15.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%
Original Mortgage
$467,500
Interest Rate
4.08%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Wu Xianjin $820,000 Old Republic National Title
Humboldt Squid Properties Llc $550,000 Advantage Title & Closing Ll
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wu Xianjin $615,000
Previous Owner Humboldt Squid Properties Llc $467,500
Previous Owner Gautier Randall D $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2017 01/17/17 Sold $550,000 -15.4% $66 / Sq Ft
01/09/2017 01/09/17 Pending -- -- --
09/01/2016 09/01/16 For Sale $650,000 +150.0% $78 / Sq Ft
01/31/2013 01/31/13 Sold $260,000 -5.5% $30 / Sq Ft
01/31/2013 01/31/13 Pending -- -- --
09/11/2012 09/11/12 For Sale $275,000 -- $32 / 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 $7,173 $806,000 $79,300 $726,700
2023 $1,793 $806,000 $79,300 $726,700
2022 $8,115 $787,900 $79,300 $708,600
2021 $8,746 $787,900 $79,300 $708,600
2020 $5,457 $491,600 $79,300 $412,300
2019 $5,457 $491,600 $79,300 $412,300
2018 $2,788 $470,100 $42,800 $427,300
2017 $2,788 $470,100 $42,800 $427,300
2016 $2,788 $470,100 $42,800 $427,300
2015 $2,788 $251,200 $42,800 $208,400
2014 $2,788 $148,800 $42,800 $106,000
Source: Public Records

Agents Affiliated with this Home

  • Terri Proffitt

    Seller's Agent in 2017

    Terri Proffitt

    Consensus Real Estate Service

    (434) 316-3471

    26 in this area

    37 Total Sales

    Section Image
  • Ricky Read

    Buyer's Agent in 2017

    Ricky Read

    Coldwell Banker Commercial Rea

    (434) 455-2285

    3 in this area

    54 Total Sales

    Section Image

  • J

    Seller's Agent in 2013

    James Tracey

    Lynchburg Home Real Estate & A

See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 300941

APN: 024-64-009

Virginia Lynchburg City County Lynchburg 24504 Central Business District

1024 Main St, Lynchburg, VA

This home is located at 1024 Main St, Lynchburg, VA 24504 since 01 September 2016 and is currently estimated at $951,620, approximately $113 per square foot. This property was built in 1888. 1024 Main St 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.

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.

Nearby Homes