NOT LISTED FOR SALE

121 Portico St Lynchburg, VA 24502

Cornerstone Neighborhood

Estimated Value: $310,568 - $341,000

4 Beds
2.5 Baths
1,752 Sq Ft
$182/Sq Ft Est. Value

Last Sold March 11, 2019

Last sale price $189,000 $108 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $1,959/month

41 Days on Market

Highlights

  • Mountain View
  • Main Floor Bedroom
  • Community Pool
  • Property is near a clubhouse
  • Great Room
  • Walk-In Closet

About This Home

As of March 2019

Awesome investment property with terrific cash flow! This unit has a lease that conveys until August 5th bringing in rent of $1,500 a month. Craftsman style luxury town home in Cornerstone! Exterior finishes of rock, brick, board & batten and vinyl. Great open floor plan with the family room opening to the dining area & kitchen. Main-level has beautiful hardwood laminate flooring throughout & 9 foot ceilings. Gorgeous kitchen with breakfast bar, granite countertops & stainless steel appliances. Large master bedroom with private master bathroom. All bathrooms have granite countertops & ceramic tile. Oil-rubbed bronze hardware package throughout. Back patio is covered and has a nice-sized unfinished room for extra storage. Cornerstones amenities are hard to beat featuring a salt water pool, 25 acre Borel Park with walking trails, fire pit area, playgrounds & many common green areas. Walk to shops & restaurants & enjoy the high speed fiber optic network!

Last Agent to Sell the Property

Lauren Bell

Lauren Bell Real Estate, Inc. License #0225222641 Listed on: 12/14/2018

Last Buyer's Agent

Khanh Nguyen

Keller Williams License #0225237584

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,480

Year Built

  • Built in 2013

Lot Details

  • 2,004 Sq Ft Lot
  • Landscaped

HOA Fees

  • $85 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,752 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Great Room
  • Mountain Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Bathtub Includes Tile Surround

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Attic

  • Attic Access Panel
  • Scuttle Attic Hole

Home Security

Location

  • Property is near a clubhouse

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 26315640

Community Details

Overview

  • Association fees include exterior maintenance, neighborhood lights, playground, road maintenance, snow removal, trash
  • Cornerstone Subdivision

Recreation

  • Community Pool

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,480

Year Built

Built in 2013

Lot Details

0

HOA Fees

$85 per month

Listing Details

  • FILLACRES: 0.0460
  • AssocFeeOptional: Required
  • Directions: Timberlake Rd. to Greenview Dr. To LEFT onto Cornerstone Street to Left onto Rotunda Street to Left onto Portico. Unit on Right.
  • ElementarySchool7: Heritage Elem
  • HighSchool7: Heritage High
  • Internet Providers: Other
  • Lot Measurement: Acres
  • Lot Sq Ft: 2004.00
  • MiddleSchool7: Sandusky Midl
  • Days On Market: No
  • Property Subtype1: Townhouse
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 26315640
  • Year Built: 2013
  • Heating System: Heat Pump
  • Building Stories: Two
  • Laundryroom Dim: 5.000 x 5.000
  • Laundryroom Len: 5.000
  • Living Room Dim: 0.000 x 0.000
  • Masterbedroom Area: 168.000000
  • Master Bedroom Dim: 14.000 x 12.000
  • Masterbedroom Len: 14.000
  • Masterbedroom Wid: 12.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Basement Bathrooms: 3.00
  • Bathrooms Display: 3 (2 1)
  • Lower Floor 1 Bedrooms: 4
  • Broker Approved: Yes
  • Legal Description: CORNERSTONE, BLK G, LOT 27
  • Reciprocal Listing: No
  • Second Bedroom: 12x10 Level: Level 2 Above Grade
  • Second Bedroom Area: 120.000000
  • Third Bedroom: 12x10 Level: Level 2 Above Grade
  • Third Bedroom Area: 120.000000
  • Fourth Bedroom: 10x8 Level: Level 1 Above Grade
  • Fourth Bedroom Area: 80.000000
  • Above Grade Finished Sq Ft: 1752.00
  • ApplianceConvey: Dishwasher, Dryer, Microwave, Range-Elec, Refrigerator, Washer
  • Has Attic: Access, Scuttle
  • Has Basement: Slab
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Year Built Exception: 0
  • Family Room: 25x17 Level: Level 1 Above Grade
  • Formal Dining: 15x8 Level: Level 1 Above Grade
  • Level 2 Full Bathrooms: 2
  • First Level Half Bathrooms: 1
  • Interior Amenities: Cable Available, Cable Connections, Ceiling Fan(s), Tile Bath(s), Drywall, Great Room, High Speed Data Aval, Main Level Bedroom, Master Bed w/ Bath, Smoke Alarm, Walk-In Closet(s)
  • Dining Kitchen: 14x12 Level: Level 1 Above Grade
  • Laundry: Dryer Connection, Laundry Room, Second Floor, Washer Connections
  • Laundry Room: 5x5 Level: Level 2 Above Grade
  • Master Bedroom: 14x12 Level: Level 2 Above Grade
  • FamilyRoom Area: 425.000000
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 168.000000
  • Laundry Room Area: 25.000000
  • 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: 27
  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Pool Nearby, Landscaped, Undergrnd Utilities, Mountain Views, Club House Nearby
  • Patio: 11x8 Level: Level 1 Above Grade

Garage/Parking

  • 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, Neighborhood Lights, Playground, Road Maintenance, Snow Removal, Trash
  • HOA: Lynchburg Board of Realtors
  • Association Fee: 85.00
  • Subdivision Complex: Cornerstone

Schools

  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 1752.00
  • Zoning: R-1

Tax Info

  • Estimated Taxes: 1480

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2018
Closed on
Feb 7, 2019
Sold by
Hayes Demario E
Bought by
Ruan Lin
Seller's Agent
Lauren Bell
Lauren Bell Real Estate, Inc.
Buyer's Agent
Khanh Nguyen
Keller Williams
List Price
$199,900
Sold Price
$189,000
Premium/Discount to List
-$10,900
-5.45%
Current Estimated Value
$319,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,642
Avg. Annual Appreciation
8.06%
Original Mortgage
$122,800
Outstanding Balance
$110,039
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$209,603

Purchase Details

Listed on
Nov 14, 2017
Closed on
Dec 11, 2017
Sold by
T P B Enterprises Llc
Bought by
Hayes Demariio E
Seller's Agent
Lauren Bell
Lauren Bell Real Estate, Inc.
Buyer's Agent
Lauren Bell
Lauren Bell Real Estate, Inc.
List Price
$179,900
Sold Price
$179,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.06%
Original Mortgage
$161,910
Interest Rate
3.94%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ruan Lin $189,000 Fidelity National Ttl Ins Co
Hayes Demariio E $179,900 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruan Lin $122,800
Previous Owner Hayes Demariio E $161,910
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/11/2019 03/11/19 Sold $189,000 -5.5% $108 / Sq Ft
01/24/2019 01/24/19 Pending -- -- --
12/14/2018 12/14/18 For Sale $199,900 +11.1% $114 / Sq Ft
12/15/2017 12/15/17 Sold $179,900 0.0% $103 / Sq Ft View Prior Sale
12/11/2017 12/11/17 Pending -- -- --
11/14/2017 11/14/17 For Sale $179,900 -- $103 / 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 $2,318 $276,000 $26,000 $250,000
2024 $2,209 $248,200 $26,000 $222,200
2023 $2,209 $248,200 $26,000 $222,200
2022 $1,928 $187,200 $26,000 $161,200
2021 $2,078 $187,200 $26,000 $161,200
2020 $1,928 $173,700 $26,000 $147,700
2019 $1,928 $173,700 $26,000 $147,700
2018 $1,607 $144,800 $26,000 $118,800
2017 $1,607 $144,800 $26,000 $118,800
2016 $1,607 $144,800 $26,000 $118,800
2015 $1,607 $26,000 $26,000 $0
2014 $1,607 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lauren Bell

    Seller's Agent in 2019

    Lauren Bell

    Lauren Bell Real Estate, Inc.

    (434) 382-9482

    10 in this area

    362 Total Sales

    Lauren Bell
    Section Image

  • K

    Buyer's Agent in 2019

    Khanh Nguyen

    Keller Williams

See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 315771

APN: 263-15-640

Virginia Lynchburg City County Lynchburg 24502 Cornerstone

121 Portico St, Lynchburg, VA

Not Listed for Sale

Townhouses

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