NOT LISTED FOR SALE

1056 Lois Ridge Rd Lynchburg, TN 37352

Estimated Value: $416,000 - $664,000

3 Beds
2.5 Baths
2,130 Sq Ft
$262/Sq Ft Est. Value

Last Sold October 24, 2023

Last sale price $535,000 $251 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,136/month

111 Days on Market

Highlights

  • 5 Acre Lot
  • Traditional Architecture
  • No HOA
  • Living Room with Fireplace
  • Wood Flooring
  • Covered Patio or Porch

About This Home

As of October 2023

REDUCED & $10,000 in BUYER CREDIT available!! Priced below appraised value & has had all inspections completed, this property is ready to MOVE! Where else will you find a 5 acre property with this many amenities! Tucked privately down a gravel drive, you'll come to the 2,000+ sqft home that has hardwood and tile throughout the main living areas of the split floor plan design. Upstairs is a large bonus room with walk-in closet and half bath and downstairs you'll find an enclosed porch for additional living space. Outside is a 2 vehicle detached garage with a heated and cooled bonus space. In this 1,650 sqft bonus building, there are several rooms and closets galore! The garage/bonus building has a large sitting porch as well. Additionally, there is a 20x20 workshop with insulated roll up door and electricity. Only 5 miles from Lynchburg proper, this property is just "out of town" enough!

Last Agent to Sell the Property

Leah Dickert

EXIT Noble Realty Group License # 333446 Listed on: 06/19/2023

Last Buyer's Agent

Leann Uselton

Better Homes & Gardens Real Estate Heritage Group License #296745

Better Homes & Gardens Real Estate Heritage Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,872

Year Built

  • Built in 2002

Lot Details

  • 5 Acre Lot
  • Lot Has A Rolling Slope

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Gravel Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 2,130 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Self Contained Fireplace Unit Or Insert
  • Gas Fireplace
  • Living Room with Fireplace
  • 3 Fireplaces
  • Recreation Room with Fireplace
  • Interior Storage Closet
  • Crawl Space

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage
  • Storm Cellar or Shelter

Schools

  • Lynchburg Elementary School
  • Moore County High Middle School
  • Moore County High School

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Propane
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 042 02101 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,872

Year Built

Built in 2002

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 2002
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 2

Interior Features

  • Interior Amenities: Ceiling Fan(s), Extra Closets
  • Appliances: Dishwasher, Microwave
  • Fireplace Features: Gas, Living Room, Recreation Room
  • Fireplace: Yes
  • Fireplaces: 3
  • Flooring: Carpet, Finished Wood, Tile
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Has Basement: Crawl Space
  • Above Grade Finished Sq Ft: 2130
  • Building Area Units: Square Feet
  • Living Area: 2130
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Garage Door Opener, Storage, Storm Shelter
  • Construction Type: Brick
  • Patio And Porch Features: Covered Porch
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Attached - Front, Concrete, Driveway, Gravel
  • Total Parking Spaces: 3

Utilities

  • Sewer: Septic Tank
  • Water Source: Private
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Propane
  • Heating Yn: Yes
  • Security: Smoke Detector(s)

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Green Features

  • Efficiency: Fireplace Insert, Storm Doors

Lot Info

  • Lot Features: Rolling Slope
  • Lot Size Acres: 5
  • Lot Size Units: Acres
  • Parcel #: 042 02101 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1872

MLS Schools

  • Elementary School: Lynchburg Elementary
  • High School: Moore County High School
  • Middle Or Junior School: Moore County High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 16, 2020
Sold by
Smith Ronnie and Smith Deborah
Bought by
Martin Patrick Tyler and Martin Lindsey
Current Estimated Value
$558,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 2016
Sold by
Smith Annie Ruth B
Bought by
Smith Ronnie D and Smith Debbie D

Purchase Details

Closed on
Sep 28, 2001
Bought by
Smith Ronnie and Smith Deborah
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
Martin Patrick Tyler $420,000 Access Title & Escrow Inc
Smith Ronnie D -- --
Smith Ronnie $2,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garland Anna $480,150
Closed Martin Patrick Tyler $357,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2023 10/24/23 Sold $535,000 -6.1% $251 / Sq Ft
10/09/2023 10/09/23 Pending -- -- --
09/27/2023 09/27/23 Price Changed $569,900 -1.8% $268 / Sq Ft
09/01/2023 09/01/23 For Sale $580,500 0.0% $273 / Sq Ft
06/22/2023 06/22/23 Pending -- -- --
06/19/2023 06/19/23 For Sale $580,500 -- $273 / Sq Ft
Source: Realtracs

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 $1,945 $124,350 $12,250 $112,100
2023 -- $80,175 $7,600 $72,575
2022 $1,872 $80,175 $7,600 $72,575
2021 $1,840 $80,175 $7,600 $72,575
2020 $1,758 $79,700 $10,725 $68,975
2019 $1,758 $73,850 $10,725 $63,125
2018 $1,669 $73,850 $10,725 $63,125
2017 $1,653 $62,375 $9,600 $52,775
2016 $1,522 $62,375 $9,600 $52,775
2015 $1,396 $57,450 $5,725 $51,725
2014 $1,396 $57,450 $5,725 $51,725
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2538075

Realtracs

APN: 042-021.01