NOT LISTED FOR SALE

116 Chateau Place Lynchburg, VA 24502

Estimated Value: $382,387 - $437,000

3 Beds
2 Baths
1,400 Sq Ft
$290/Sq Ft Est. Value

Last Sold August 15, 2022

Last sale price $403,275 $288 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,548/month

Highlights

  • Wood Flooring
  • Skylights
  • Walk-In Closet
  • Great Room with Fireplace
  • Storm Windows
  • En-Suite Primary Bedroom

About This Home

As of August 2022

This Beautiful Town Home offers a lovely Wide-Open Floor Plan, Full unfinished basement 1400 sq ft., Two bedrooms and two gracious-full bathrooms. Engineered Hardwood Floors throughout the great room and kitchen and carpet and the bedrooms. Ceramic Tile floors in both bathrooms and laundry area. Absolutely Gorgeous Granite Kitchen Counter Tops, Charming Cabinetry including a Pantry, and Stainless Steel Appliances. Skylights with a Very Cozy Stone fireplace to set the perfect mood, quite the Focal Point in the Great Room! The Master Bedroom and Great-Room with Classic Vaulted Ceilings! An Attached Two Car Garage! A Full walk-out basement provides Abundant room to grow or just Additional Storage. Nice patio and Deck for Backyard Grilling or Peaceful Relaxation! Centrally located with easy access to the Expressway, Entertainment, Shopping & Dining. The Owners are related to the listing agents. Pictures are of similar properties.

Last Agent to Sell the Property

Teresa Khanna

T.Y. Realty Incorporated License #0225053172 Listed on: 01/10/2022

Co-Listed By

Salina Khanna

T.Y. Realty Incorporated License #0225226612

Last Buyer's Agent

Salina Khanna

T.Y. Realty Incorporated License #0225226612

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,822

Year Built

  • Built in 2022 | Under Construction

Lot Details

  • 5,576 Sq Ft Lot
  • Landscaped

HOA Fees

  • $115 Monthly HOA Fees

Home Design

  • Poured Concrete
  • Shingle Roof

Interior Spaces

  • 1,400 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Skylights
  • Gas Log Fireplace
  • Great Room with Fireplace
  • Laundry on main level

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Attic

  • Storage In Attic
  • Attic Access Panel
  • Pull Down Stairs to Attic

Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Sump Pump
  • Rough-In Basement Bathroom

Home Security

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Schools

  • Sandusky Elementary School
  • Sandusky Midl Middle School
  • Heritage High School

Utilities

  • Heat Pump System
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 25415028

Community Details

Overview

  • Association fees include exterior maintenance, grounds maintenance, neighborhood lights, sewer, snow removal, trash, water
  • Candlewood Court Villas Subdivision

Security

  • Storm Windows

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,822

Year Built

Built in 2022 | Under Construction

Lot Details

0

HOA Fees

$115 per month

Listing Details

  • FILLACRES: 0.1280
  • AssocFeeOptional: Required
  • Directions: From Lynchburg to Rt 460 Business or Timberlake Rd to right on Candlewood Ct. to left on Chateau and home is on the right.
  • ElementarySchool7: Sandusky Elem
  • HighSchool7: Heritage High
  • Internet Providers: Comcast/Xfinity, Shentel
  • Lot Measurement: Acres
  • Lot Sq Ft: 5576.00
  • MiddleSchool7: Sandusky Midl
  • Days On Market: No
  • Property Subtype1: Townhouse
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 25415028
  • Year Built: 2022
  • Heating System: Heat Pump
  • Building Stories: One
  • Estimated Completion: 2022-03-31
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 0.000 x 0.000
  • Masterbedroom Area: 182.000000
  • Master Bedroom Dim: 14.000 x 13.000
  • Masterbedroom Len: 14.000
  • Masterbedroom Wid: 13.000
  • Office Dim: 0.000 x 0.000
  • Special Features: NewHome
  • Property Sub Type: Townhouses

Interior Features

  • Basement Bathrooms: 2.00
  • Bathrooms Display: 2 (2 0)
  • Lower Floor 1 Bedrooms: 3
  • Broker Approved: Yes
  • Legal Description: CANDELWOOD COURT VILLAS, LOT 1
  • Reciprocal Listing: No
  • Second Bedroom: 13x12 Level: Level 1 Above Grade
  • Second Bedroom Area: 156.000000
  • Third Bedroom: 10x11 Level: Level 1 Above Grade
  • Third Bedroom Area: 110.000000
  • Above Grade Finished Sq Ft: 1400.00
  • ApplianceConvey: Dishwasher, Disposal, Microwave, Range-Elec, Refrigerator
  • Has Attic: Access, Pull Down, Storage Only
  • Has Basement: Exterior Entrance, Full, Heated, Interior Entrance, Poured Concrete, Roughed in Bath, Sump Pump, Walkout
  • Breakfast Area: 12x14 Level: Level 1 Above Grade
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Year Built Exception: 0
  • Deck: 12x12 Level: Level 1 Above Grade
  • Fireplace: 1 Fireplace, Gas Log, Great Room
  • Level 1 Full Bathrooms: 2
  • Great Room: 14x16 Level: Level 1 Above Grade
  • Interior Amenities: Cable Available, Ceiling Fan(s), Great Room, High Speed Data Aval, Main Level Bedroom, Main Level Den, Master Bed w/ Bath, Skylights, Walk-In Closet(s)
  • Dining Kitchen: 14x12 Level: Level 1 Above Grade
  • Laundry: Laundry Closet, Main Level
  • Master Bedroom: 14x13 Level: Level 1 Above Grade
  • GreatRoom Area: 224.000000
  • Livinggreat Room Dim: 14.000 x 16.000
  • Kitchen Area: 168.000000
  • 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

  • Lot Number: 19
  • Roof: Shingle
  • New Construction: Under Construction
  • Exterior Features: Paved Drive, Concrete Drive, Landscaped, Storm Windows, Insulated Glass

Garage/Parking

  • Attached Garage: 2 Car
  • Garage Spaces: Garage Door Opener
  • Garage Dim: 0.000 x 0.000

Utilities

  • Utility Electric: AEP/Appalachian Powr
  • Air Conditioner: Heat Pump
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Includes: Exterior Maintenance, Grounds Maintenance, Neighborhood Lights, Sewer, Snow Removal, Trash, Water
  • HOA: Lynchburg Board of Realtors
  • Association Fee: 115.00
  • Subdivision Complex: Candlewood Court Villas

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 1400.00

Tax Info

  • Estimated Taxes: 2822

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2022
Closed on
Aug 2, 2022
Sold by
Candlewood Llc
Bought by
Babbar Rajan and Babbar Suman
Seller's Agent
Teresa Khanna
T.Y. Realty Incorporated
Buyer's Agent
Salina Khanna
T.Y. Realty Incorporated
List Price
$324,900
Sold Price
$403,275
Premium/Discount to List
$78,375
24.12%
Current Estimated Value
$406,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,822
Avg. Annual Appreciation
-0.37%
Original Mortgage
$354,599
Outstanding Balance
$341,963
Interest Rate
5.81%
Mortgage Type
Balloon
Estimated Equity
$56,809

Purchase Details

Closed on
Mar 2, 2011
Sold by
Stellarone Bank
Bought by
Candlewood Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.84%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Babbar Rajan $403,275 Fidelity National Title
Candlewood Llc $825,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Babbar Rajan $354,599
Previous Owner Candlewood Llc $524,000
Previous Owner Candlewood Llc $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2022 08/15/22 Sold $403,275 +24.1% $288 / Sq Ft
01/10/2022 01/10/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $324,900 -- $232 / 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 $2,852 $320,400 $30,000 $290,400
2023 $2,852 $320,400 $30,000 $290,400
2022 $3,300 $320,400 $30,000 $290,400
2021 $83 $30,000 $30,000 $0
2020 $278 $25,000 $25,000 $0
2019 $278 $25,000 $25,000 $0
2018 $139 $25,000 $25,000 $0
2017 $278 $25,000 $25,000 $0
2016 $278 $25,000 $25,000 $0
2015 $69 $20,000 $20,000 $0
2014 $56 $20,000 $20,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Teresa Khanna

    Seller's Agent in 2022

    Teresa Khanna

    T.Y. Realty Incorporated

    (434) 444-1060

    75 Total Sales

    Teresa Khanna
    Section Image
  • Salina Khanna

    Seller Co-Listing Agent in 2022

    Salina Khanna

    T.Y. Realty Incorporated

    (434) 401-1255

    96 Total Sales

    Salina Khanna
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 335876

APN: 254-15-028

Virginia Lynchburg City County Lynchburg 24502

116 Chateau Place, Lynchburg, VA

This home is located at 116 Chateau Place, Lynchburg, VA 24502 since 10 January 2022 and is currently estimated at $406,097, approximately $290 per square foot. This property was built in 2022. 116 Chateau Place is a home located in Lynchburg City with nearby schools including Sandusky Elementary School, Sandusky Middle School, and Heritage High School.

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