NOT LISTED FOR SALE

116 Lee Ave Lexington, VA 24450

Estimated Value: $632,000 - $1,063,000

5 Beds
5.5 Baths
4,343 Sq Ft
$205/Sq Ft Est. Value

Sale Details

Date Sold: February 1, 2017

Last sale price $275,000 $63 Per Sq Ft

Est. 224% increase in value since last sale

Current estimated payment $5,255 / mo

545 Days on Market

Highlights

  • Maid or Guest Quarters
  • Fireplace in Primary Bedroom
  • Victorian Architecture
  • Harrington Waddell Elementary School Rated A
  • Wood Flooring
  • 3-minute walk to Hopkins Green

About This Home

As of February 2017

Brick Victorian, circa 1891, located in the Lexington Historic District! Built by William G. Mc Dowell for Dr. Henry A. Alexander, a former professor of history at Washington & Lee University until 1903. Three finished levels, front turret, and attached porches. Outstanding architectural details, gracious rooms, off street parking and prime location make this an ideal candidate for your next home.

Last Agent to Sell the Property

Rick Alford

Lexington Real Estate Connection Listed on: 07/18/2015

Co-Listed By

Natalie Shulkin

Lexington Real Estate Connection

Last Buyer's Agent

Paula Martin

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,359

Year Built

  • Built in 1891

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 52.38 x 134.8
  • Corner Lot
  • Level Lot
  • Historic Home

Parking

  • 1 Car Detached Garage

Home Design

  • Victorian Architecture
  • Brick Exterior Construction
  • Slate Roof
  • Metal Roof
  • Stone Siding

Interior Spaces

  • 4,343 Sq Ft Home
  • Wet Bar
  • Shelving
  • Ceiling Fan
  • Multiple Fireplaces
  • Living Room with Fireplace
  • Finished Attic

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Maid or Guest Quarters

Unfinished Basement

  • Interior Basement Entry
  • Dirt Floor

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Fireplace

Location

  • Flood Zone Lot

Schools

  • Waddell Elementary School
  • Lylburn Downing Middle School
  • Rockbridge Co High School

Utilities

  • Central Air
  • Radiator
  • Heat Pump System
  • Heating System Uses Gas
  • Gas Available
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 23-1-36

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,359

Year Built

Built in 1891

Lot Details

6,970 Sq Ft Lot

Listing Details

  • ConservationEsmnt: No
  • Heating Cooling Other: 2nd & 3rd floors
  • Directions: West on Nelson Street (Rt 60) to left onto Lee Avenue. Property on the left with Lexington Real Estate Connection sign.
  • HistoricProperty: Yes
  • Listing Member Name: Rick Alford
  • Listing Office Short Id: 80
  • Open House Office I D: 20061211170241366991000000
  • Hoa2 Or Poa: No
  • Prop. Type: Residential/Farm
  • Selling Member Short Id: weissmp
  • Subdivision Yn: No
  • TotalFinSFApx: 4343.00
  • Year Built: 1891
  • Taxes Dollars: 6359.00
  • TotalAcresApx: 0.16
  • 1StFloorMstrBdrm: No
  • Total Assessed Value: 583400.00
  • PorchDeckPatioPorch: Front
  • Building Style: Historical
  • StyleVictorian: YES
  • Type of Construction: Solid Brick
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Basement: Dirt Floor, Interior Access, Unfinished
  • Full Bathrooms: 5.00
  • Dining Room Features Other: Off street parking
  • Flood Zone Other: Zone X
  • Updated Floor: Vinyl, Wood
  • Half Bathrooms: 1
  • Entry Location: Corner Lot
  • Appliances: As Is, Dishwasher, Electric Range
  • Has Attic: Finished
  • Lower Floor 1 Bedrooms: 5
  • Fireplace: 3 or More
  • Fireplace Location: Living Room, Master Bedroom
  • FireplaceLocOther: Entry & Library
  • Interior Amenities: Book Shelves, Breakfast Area, Ceiling Fan, Wet Bar
  • Lower Floor 1 Bedrooms: 15
  • Style Other: Three floors

Exterior Features

  • Exterior: Solid Brick, Stone
  • Exterior Features: Cable Available, Ceiling Fan(s), Curb & Gutter, Fireplace, Guest Quarters, Street Lights
  • Road Frontage: City Street
  • Roof: Metal, Slate
  • Street: Lee
  • Tax Rate: 1.09
  • Flood Zone: SW
  • Topography: Level
  • Exterior Features: Covered Porch

Garage/Parking

  • Garage Spaces: Detached, Single

Utilities

  • Cooling: Central Cooling, Heat Pump Electric
  • Heating: Gas, Radiator
  • Sewer: Public Sewer
  • Utilities Available: Cable, Gas
  • Water: Public Water
  • Water Heater: Natural Gas

Schools

  • Elementary School: Waddell
  • High School: Rockbridge Co
  • Middle School: Lylburn Downing

Lot Info

  • Lot Dimensions: 52.38 X 134.8
  • Zoning: Residential
  • Best Use: Residential, Vacation Rental
  • Current Use: Residential

Tax Info

  • Tax Map Number: 23-1-36
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 24, 2023
Sold by
Thomas John Wm and Thomas Valerie L
Bought by
Thomas Family Trust
Current Estimated Value
$889,870

Purchase Details

Listed on
Jul 18, 2015
Closed on
Jan 30, 2017
Sold by
Neikirk Holdings Llc
Bought by
Thomas John Wm and Thomas Valerie L
Seller's Agent
Rick Alford
Lexington Real Estate Connection
Buyer's Agent
Paula Martin
Keller Williams Realty
List Price
$490,000
Sold Price
$275,000
Premium/Discount to List
-$215,000
-43.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.55%
Original Mortgage
$220,000
Interest Rate
4.3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Thomas Family Trust -- None Listed On Document
Thomas John Wm $275,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thomas John Wm $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2017 02/01/17 Sold $275,000 -43.9% $63 / Sq Ft
01/13/2017 01/13/17 Pending -- -- --
07/18/2015 07/18/15 For Sale $490,000 -- $113 / Sq Ft
Source: Rockbridge Highlands REALTORS®

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
2025 $6,836 $743,000 $120,000 $623,000
2024 $68 $742,991 $120,000 $622,991
2023 $6,836 $742,991 $120,000 $622,991
2022 $6,836 $742,991 $120,000 $622,991
2021 $8,555 $807,085 $115,000 $692,085
2020 $8,555 $807,085 $115,000 $692,085
2019 $8,353 $807,085 $115,000 $692,085
2018 $6,005 $580,200 $115,000 $465,200
2017 $6,476 $583,400 $90,000 $493,400
2016 $6,359 $583,400 $90,000 $493,400
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Rick Alford

    Lexington Real Estate Connection

    Section Image

  • N

    Seller Co-Listing Agent in 2017

    Natalie Shulkin

    Lexington Real Estate Connection

  • P

    Buyer's Agent in 2017

    Paula Martin

    Keller Williams Realty

  • l

    Buyer's Agent in 2017

    lbr.rets.weissmp

    lbr.rets.RETS_OFFICE

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Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 129720

APN: 23-1-36

Virginia Lexington City County Lexington 24450

116 Lee Ave, Lexington, VA

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