NOT LISTED FOR SALE

116 Lee St Amherst, VA 24521

Estimated Value: $191,000 - $234,000

3 Beds
2 Baths
1,416 Sq Ft
$143/Sq Ft Est. Value

Last Sold November 27, 2017

Last sale price $105,000 $74 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $1,121/month

327 Days on Market

About This Home

As of November 2017

Nice Duplex On Quiet Town Street

Last Agent to Sell the Property

Sue Harvey

Montague Miller And Co.-Amher License #0225077453 Listed on: 01/04/2017

Last Buyer's Agent

Steven Bucklew

Blackwater Property Management License #0225076965

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $370

Year Built

  • Built in 1969

Lot Details

  • 10,019 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • 1,416 Sq Ft Home
  • Plaster Walls

Flooring

  • Wall to Wall Carpet
  • Vinyl

Schools

  • Amherst Elementary School
  • Amherst Midl Middle School
  • Amherst High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 96A4-16-2

Community Details

Overview

  • 2 Units
  • Village Square Subdivision

Building Details

  • Insurance Expense $695
  • Maintenance Expense $500
  • Water Sewer Expense $120
  • New Taxes Expense $370
  • Gross Income $14,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$370

Year Built

Built in 1969

Lot Details

0

Listing Details

  • FILLACRES: 0.2300
  • Directions: South Main St in Amherst to Lee Street Across From Wells Fargo
  • Lot Measurement: Acres
  • Lot Sq Ft: 10019.00
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 96A4-16-2
  • Year Built: 1969
  • Heating System: Heat Pump
  • Unit Info Number Unfurnished Units: 2
  • Taxes Expense: 370.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: Lot 2, Village square
  • Reciprocal Listing: No
  • Flooring: Carpet Wall to Wall, Vinyl
  • Year Built Exception: 0
  • Walls: Drywall, Plaster

Garage/Parking

  • Parking: 2 Spaces/Unit

Utilities

  • Cooling: Central Electric
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors
  • Subdivision Complex: Village Square

Fee Information

  • Insurance Expenses: 695.00

Schools

  • Elementary School: Amherst Elem
  • High School: Amherst High
  • Middle School: Amherst Midl
  • School District: Amherst

Lot Info

  • Lot Sq Ft: 1416.00
  • Zoning: R2

Rental Info

  • Types Of Leases: 1 Year Lease

Tax Info

  • Estimated Taxes: 370

Multi Family

  • Annual Gross Income: 14400.00
  • Maintenance Expense: 500.00
  • Total Number Units: 2
  • Water Expense: 120.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2017
Closed on
Nov 20, 2017
Sold by
Thomas Jeffrey Scott
Bought by
Jmc Rentals Llc A Virginia Limited Liabi
Seller's Agent
Sue Harvey
Montague Miller And Co.-Amher
Buyer's Agent
Steven Bucklew
Blackwater Property Management
List Price
$119,900
Sold Price
$105,000
Premium/Discount to List
-$14,900
-12.43%
Current Estimated Value
$203,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,169
Avg. Annual Appreciation
8.57%
Original Mortgage
$84,000
Outstanding Balance
$70,499
Interest Rate
3.91%
Mortgage Type
Commercial
Estimated Equity
$132,670

Purchase Details

Listed on
Feb 20, 2014
Closed on
May 12, 2014
Sold by
Fannie Mae
Bought by
Scott Thomas Jeffrey
Seller's Agent
DENNIS HAWES
Home Realty
Buyer's Agent
DENNIS HAWES
Home Realty
List Price
$79,900
Sold Price
$68,500
Premium/Discount to List
-$11,400
-14.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.82%
Original Mortgage
$67,258
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 18, 2012
Sold by
Alg Trustee Llc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 11, 2007
Sold by
Townside Realty Corp
Bought by
Duff Victoria A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
7.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jmc Rentals Llc A Virginia Limited Liabi $105,000 Attorney
Scott Thomas Jeffrey $68,500 None Available
Federal National Mortgage Association $107,310 None Available
Duff Victoria A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jmc Rentals Llc A Virginia Limited Liabi $84,000
Previous Owner Scott Thomas Jeffrey $67,258
Previous Owner Duff Victoria A $96,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/27/2017 11/27/17 Sold $105,000 -12.4% $74 / Sq Ft
11/27/2017 11/27/17 Pending -- -- --
01/04/2017 01/04/17 For Sale $119,900 +75.0% $85 / Sq Ft
05/15/2014 05/15/14 Sold $68,500 0.0% $48 / Sq Ft View Prior Sale
05/15/2014 05/15/14 Sold $68,500 -14.3% $48 / Sq Ft View Prior Sale
05/14/2014 05/14/14 Pending -- -- --
04/14/2014 04/14/14 Pending -- -- --
02/20/2014 02/20/14 For Sale $79,900 -13.1% $56 / Sq Ft
10/30/2013 10/30/13 For Sale $91,900 -- $65 / 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
2025 $626 $102,700 $20,000 $82,700
2024 $626 $102,700 $20,000 $82,700
2023 $626 $102,700 $20,000 $82,700
2022 $626 $102,700 $20,000 $82,700
2021 $626 $102,700 $20,000 $82,700
2020 $626 $102,700 $20,000 $82,700
2019 $661 $108,400 $26,000 $82,400
2018 $661 $108,400 $26,000 $82,400
2017 $661 $108,400 $26,000 $82,400
2016 $661 $108,400 $26,000 $82,400
2015 $607 $108,400 $26,000 $82,400
2014 $607 $108,400 $26,000 $82,400
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Sue Harvey

    Montague Miller And Co.-Amher

    (434) 426-3755

    52 Total Sales

    Sue Harvey
    Section Image

  • S

    Buyer's Agent in 2017

    Steven Bucklew

    Blackwater Property Management

    (434) 610-3406

    47 Total Sales

    Steven Bucklew
    Section Image
  • DENNIS HAWES

    Seller's Agent in 2014

    DENNIS HAWES

    Home Realty

    (540) 461-5263

    120 Total Sales

    DENNIS HAWES
    Section Image

  • N

    Buyer's Agent in 2014

    Non Member

See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 302764

APN: 96A416-2

Virginia Amherst County Amherst 24521

116 Lee St, Amherst, VA

Not Listed for Sale

MultiFamily

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