NOT LISTED FOR SALE

120 Water Gate Dr Lynchburg, VA 24502

Estimated Value: $238,184 - $296,000

5 Beds
4 Baths
2,436 Sq Ft
$111/Sq Ft Est. Value

Last Sold March 27, 2018

Last sale price $152,000 $62 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,702/month

About This Home

As of March 2018

Entered for Comp Purposes. New Roof Feb 2018, HPd 8.5 years old, Long Term tenant Unit B, Basement Bedroom in Unit B, Large Rear Deck.

Last Agent to Sell the Property

Teresa Hudson

John Stewart Walker, Inc License #0225170883 Listed on: 03/27/2018

Last Buyer's Agent

Teresa Hudson

John Stewart Walker, Inc License #0225170883 Listed on: 03/27/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,715

Year Built

  • Built in 1987

Lot Details

  • 9,583 Sq Ft Lot

HOA Fees

  • $75 Monthly HOA Fees

Home Design

  • 2,436 Sq Ft Home

Flooring

  • Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 24713023

Community Details

Overview

  • Association fees include grounds maintenance
  • 2 Units

Building Details

  • 1 Separate Water Meter
  • Insurance Expense $675
  • Maintenance Expense $250
  • Water Sewer Expense $55
  • New Taxes Expense $1,715
  • Gross Income $16,200
  • Net Operating Income $12,250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,715

Year Built

Built in 1987

Lot Details

0

HOA Fees

$75 per month

Listing Details

  • FILLACRES: 0.2200
  • Directions: Timberlake Rd to Wards Ferry L on Water Gate to Unit on Right
  • ElementarySchool7: Heritage Elem
  • HighSchool7: Heritage High
  • Lot Measurement: Acres
  • Lot Sq Ft: 9583.00
  • MiddleSchool7: Sandusky Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 24713023
  • Year Built: 1987
  • Heating System: Heat Pump
  • Unit Info Number Furnished Units: 2
  • Taxes Expense: 1715.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: Water Gate, Lot 23
  • Reciprocal Listing: No
  • Flooring: Carpet, Vinyl
  • Year Built Exception: 0
  • Walls: Drywall

Garage/Parking

  • Parking: 2 Spaces/Unit, Off Street Parking, Paved Drive

Utilities

  • Cooling: Heat Pump
  • Sewer: City
  • Water Heater: Electric
  • Number Of Water Meters: 1

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Includes: Grounds Maintenance
  • HOA: Lynchburg Board of Realtors
  • Association Fee: 75.00

Fee Information

  • Insurance Expenses: 675.00

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 2436.00
  • Zoning: R3

Rental Info

  • Types Of Leases: Month to Month

Tax Info

  • Estimated Taxes: 1715

Multi Family

  • Annual Gross Income: 16200.00
  • Maintenance Expense: 250.00
  • Net Operating Income: 12250.00
  • Total Number Units: 2
  • Water Expense: 55.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2018
Closed on
Mar 21, 2018
Sold by
Cline Gary P and Cline Shann B
Bought by
A H Properties Of Virginia Llc
Seller's Agent
Teresa Hudson
John Stewart Walker, Inc
Buyer's Agent
Teresa Hudson
John Stewart Walker, Inc
List Price
$154,900
Sold Price
$152,000
Premium/Discount to List
-$2,900
-1.87%
Current Estimated Value
$270,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,046
Avg. Annual Appreciation
7.73%
Original Mortgage
$121,600
Outstanding Balance
$74,662
Interest Rate
4.4%
Mortgage Type
Commercial
Estimated Equity
$189,109

Purchase Details

Closed on
Jun 23, 2009
Sold by
Cline Shann B and Blankenship Shann L
Bought by
Cline Gary P and Cline Shann B
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
A H Properties Of Virginia Llc $152,000 Old Republic National Title
Cline Gary P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open A H Properties Of Virginia Llc $121,600
Closed A H Properties Of Virginia Llc $121,600
Previous Owner Cline Gary P $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2018 03/27/18 Sold $152,000 -1.9% $62 / Sq Ft
03/27/2018 03/27/18 Pending -- -- --
03/27/2018 03/27/18 For Sale $154,900 -- $64 / 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 $1,854 $208,300 $30,000 $178,300
2023 $1,854 $208,300 $30,000 $178,300
2022 $1,738 $168,700 $25,000 $143,700
2021 $1,873 $168,700 $25,000 $143,700
2020 $1,715 $154,500 $25,000 $129,500
2019 $1,715 $154,500 $25,000 $129,500
2018 $1,715 $154,500 $25,000 $129,500
2017 $1,715 $154,500 $25,000 $129,500
2016 $1,715 $154,500 $25,000 $129,500
2015 $1,286 $138,900 $25,000 $113,900
2014 $1,542 $145,000 $25,000 $120,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Teresa Hudson

    John Stewart Walker, Inc

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 310777

APN: 247-13-023

Virginia Lynchburg City County Lynchburg 24502

120 Water Gate Dr, Lynchburg, VA

This home is located at 120 Water Gate Dr, Lynchburg, VA 24502 since 27 March 2018 and is currently estimated at $270,046, approximately $110 per square foot. This property was built in 1987. 120 Water Gate Dr is a home located in Lynchburg City with nearby schools including Heritage Elementary School, Sandusky Middle School, and Heritage High School.

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