NOT LISTED FOR SALE

1117 Jefferson St Lynchburg, VA 24504

Central Business District Neighborhood
0.81 Acre
-- Price per Acre
35,284 Sq Ft Lot

Last Sold June 26, 2018

Last sale price $525,000 $15 Per Sq Ft

About This Lot

As of June 2018

Located across Jefferson Street from Riverfront Festival Park. Site has potential for condominium, multi-family or commercial development. In the heart of downtown redevelopment activity and adjacent to the bluff walk. Includes lot at 1201 Jefferson St - tax parcel 04603002. Entered for comp purposes only.

Last Agent to Sell the Property

Terri Proffitt

Consensus Real Estate Service License #0225105463 Listed on: 06/26/2018

Last Buyer's Agent

Terri Proffitt

Consensus Real Estate Service License #0225105463 Listed on: 06/26/2018

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,223

Lot Details

  • 0.81 Acre Lot
  • Property is zoned B-4

Schools

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

Utilities

  • Underground Utilities
  • Cable TV Available

Community Details

  • Downtown Central Business District Subdivision

Listing and Financial Details

  • Assessor Parcel Number 04518004

Property Details

Property Type

Land

Est. Annual Taxes

$1,223

Lot Details

0

Listing Details

  • FILLACRES: 0.8100
  • Directions: Main Street to Washington St and left on Jefferson. Property on the left after James River Place condominiums.
  • ElementarySchool7: Perrymont Elem
  • HighSchool7: Heritage High
  • Internet Providers: Comcast/Xfinity, Verizon
  • Lot Measurement: Acres
  • Lot Sq Ft: 35284.00
  • MiddleSchool7: PL Dunbar Midl
  • Days On Market: No
  • Property Subtype1: Unimproved Land
  • Prop. Type: Land
  • Restrictions: Dblwides Not Allowed, Mobiles Not Allowed
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 04518004
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Disability Access: Other
  • Broker Approved: Yes
  • Legal Description: BLK 459
  • Reciprocal Listing: No
  • Street Number Modifier: 1201

Utilities

  • Utilities: Cable Available, ElectricityAvailable, Sewer System Avail, Underground Electric, Water System Avail
  • Utility Electric: American 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

  • Best Use: Develop to Business, Dvlp to Residential
  • Current Use: Vacant
  • Zoning: B-4

Tax Info

  • Estimated Taxes: 1223

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2018
Closed on
Jun 18, 2018
Sold by
James River Place Llc
Bought by
Redely Llc
Seller's Agent
Terri Proffitt
Consensus Real Estate Service
Buyer's Agent
Terri Proffitt
Consensus Real Estate Service
List Price
$600,000
Sold Price
$525,000
Premium/Discount to List
-$75,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,500
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 1, 2012
Sold by
Invest Lynchburg Llc
Bought by
James River Place Llc

Purchase Details

Closed on
Jul 17, 2012
Sold by
The Rivermont Land Co Llc
Bought by
Invest Lynchburg Llc

Purchase Details

Closed on
Oct 24, 2008
Sold by
City Of Lynchburg
Bought by
Invest Lynchburg Llc
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
Redely Llc $525,000 None Available
James River Place Llc -- None Available
Invest Lynchburg Llc -- None Available
Invest Lynchburg Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Redely Llc $525,000
Closed Redely Llc $430,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2018 06/26/18 Sold $525,000 -12.5% $15 / Sq Ft
06/26/2018 06/26/18 Pending -- -- --
06/26/2018 06/26/18 For Sale $600,000 -- $17 / 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 $2,887 $324,400 $307,200 $17,200
2023 $2,887 $324,400 $307,200 $17,200
2022 $2,889 $280,500 $263,300 $17,200
2021 $1,557 $280,500 $263,300 $17,200
2020 $2,626 $236,600 $219,400 $17,200
2019 $2,626 $236,600 $219,400 $17,200
2018 $708 $63,800 $46,600 $17,200
2017 $708 $63,800 $46,600 $17,200
2016 $708 $63,800 $46,600 $17,200
2015 $708 $63,800 $46,600 $17,200
2014 $708 $63,800 $46,600 $17,200
Source: Public Records

Agents Affiliated with this Home

  • Terri Proffitt

    Seller's Agent in 2018

    Terri Proffitt

    Consensus Real Estate Service

    (434) 316-3471

    26 in this area

    37 Total Sales

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 312792

APN: 045-18-004

Virginia Lynchburg City County Lynchburg 24504 Central Business District

1117 Jefferson St, Lynchburg, VA

This home is located at 1117 Jefferson St, Lynchburg, VA 24504 since 26 June 2018. 1117 Jefferson 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.

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