1208 Commerce St Unit 103 Lynchburg, VA 24504
Central Business District NeighborhoodEstimated Value: $234,000 - $302,000
1
Bed
1
Bath
653
Sq Ft
$162/mo
HOA Fee
Highlights
- City View
- Great Room
- En-Suite Primary Bedroom
- River Nearby
- Home Security System
- 4-minute walk to Riverfront Park
About This Home
As of March 2021Parkview On The Bluff is downtown Lynchburg's newest luxury condominium development and offers a rare opportunity to own new construction in a prime bluffwalk location! Condo has 10ft ceilings and opens on to the bluff walk! Interior finishes include an open kitchen with island provided, living area with views to the bluff walk from sliding doors. Master bedroom has a 2 large closets Parkview on the Bluff has a private owners' elevator and rooftop terrace. Other amenities include secured building, a restaurant on the bluff walk level and a rooftop restaurant that overlooks the river, mountains, and park. This is your opportunity to be in the middle of all that downtown has to offer! This development has also qualified for the City's infill property tax abatement program with a 10-year 50% reduction based on the initial assessed value. What a tremendous incentive!
Last Listed By
Consensus Real Estate Service License #0225105463 Listed on: 08/26/2020
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,220
Year Built
- Built in 2020
Lot Details
- 436
HOA Fees
- $162 Monthly HOA Fees
Home Design
- Slab Foundation
Interior Spaces
- 653 Sq Ft Home
- 1-Story Property
- Great Room
- City Views
- Home Security System
- Laundry on main level
Kitchen
- Electric Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Ceramic Tile
- Vinyl Plank
Bedrooms and Bathrooms
- 1 Bedroom
- En-Suite Primary Bedroom
- 1 Full Bathroom
- Bathtub Includes Tile Surround
Outdoor Features
- River Nearby
Schools
- Sandusky Elementary School
- Sandusky Midl Middle School
- Heritage High School
Utilities
- Heat Pump System
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 04603018
Community Details
Overview
- Association fees include exterior maintenance, grounds maintenance, insurance, parking, roof, snow removal, trash
- Central Business District Subdivision
Security
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 26, 2020
Closed on
Mar 4, 2021
Sold by
1200Commercestreetlynchburg Llc
Bought by
Rebhan Ross and Hall Jessica L
Seller's Agent
Terri Proffitt
Consensus Real Estate Service
Buyer's Agent
Karen Hall
John Stewart Walker, Inc
List Price
$219,900
Sold Price
$223,000
Premium/Discount to List
$3,100
1.41%
Total Days on Market
153
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,796
Avg. Annual Appreciation
4.27%
Original Mortgage
$178,400
Outstanding Balance
$162,804
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$103,316
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Similar Homes in Lynchburg, VA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rebhan Ross | $223,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rebhan Ross | $178,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/05/2021 03/05/21 | Sold | $223,000 | +1.4% | $342 / Sq Ft |
| 01/26/2021 01/26/21 | Pending | -- | -- | -- |
| 08/26/2020 08/26/20 | For Sale | $219,900 | -- | $337 / Sq Ft |
Source: Lynchburg Association of REALTORS®
Tax History Compared to Growth
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 | $1,780 | $200,000 | $35,500 | $164,500 |
| 2023 | $1,115 | $200,000 | $35,500 | $164,500 |
| 2022 | $1,136 | $185,000 | $35,500 | $149,500 |
| 2021 | $2,054 | $185,000 | $35,500 | $149,500 |
| 2020 | $394 | $35,500 | $35,500 | $0 |
| 2019 | $394 | $35,500 | $35,500 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Terri Proffitt
Seller's Agent in 2021
Terri Proffitt
Consensus Real Estate Service
(434) 316-3471
28 in this area
39 Total Sales
-
Karen Hall
Buyer's Agent in 2021
Karen Hall
John Stewart Walker, Inc
(434) 941-2077
1 in this area
80 Total Sales
Map
Source: Lynchburg Association of REALTORS®
MLS Number: 326954
APN: 046-03-018
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