$6,000
SOLD APR 4, 2025

1216 Pierce St Lynchburg, VA 24501

Diamond Hill Neighborhood
0.05 Acre
$116,505 Price per Acre
2,243 Sq Ft Lot

Recently Sold

25% Below List Price

65 Days on Market

About This Lot

As of April 2025

Ready to be developed with your dream home!!

Last Agent to Sell the Property

Brandon Black

Real Broker, LLC License #0225267396 Listed on: 01/05/2025

Real Broker, LLC

Last Buyer's Agent

Ian Smith

Legacy Realty and Development License #0225235590

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $22

Lot Details

  • 2,243 Sq Ft Lot

Schools

  • Rs Payne Elementary School
  • Pl Dunbar Midl Middle School
  • Heritage High School

Community Details

  • Grace Street Subdivision
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 02603013

Property Details

Property Type

Land

Est. Annual Taxes

$22

Lot Details

0

Listing Details

  • BuildingOnProperty: None
  • Directions: Follow GPS to address. Sign in yard.
  • Days On Market: No
  • Prop. Type: Land
  • Restrictions: Mobiles Not Allowed
  • Garage Yn: No
  • Property Sub-Type: Unimproved Land
  • Subdivision Name: Grace Street
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Disability Access: Rd Frnt State Paved
  • Bathrooms Display: 0 (0 0)
  • Broker Approved: Yes
  • Reciprocal Listing: No

Utilities

  • Utilities: Sewer System Avail, Water System Avail
  • Utility Electric: American Electric

Schools

  • Elementary School: RS Payne Elem
  • High School: Heritage High
  • Middle School: PL Dunbar Midl
  • Junior High Dist: Lynchburg

Lot Info

  • Best Use: Dvlp to Residential
  • Current Use: Unimproved
  • Acres: 0.0515
  • Lot Size Sq Ft: 2243.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 02603013
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00

Tax Info

  • Estimated Taxes: 22

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2025
Closed on
Apr 1, 2025
Sold by
A Premier Inspection Company Llc
Bought by
Lmi Properties Llc
Seller's Agent
Brandon Black
Real Broker, LLC
Buyer's Agent
Ian Smith
Legacy Realty and Development
List Price
$8,000
Sold Price
$6,000
Premium/Discount to List
-$2,000
-25%
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1899843.06%
Original Mortgage
$130,000
Outstanding Balance
$130,000
Interest Rate
6.62%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$35,333

Purchase Details

Listed on
Feb 7, 2024
Closed on
Mar 28, 2024
Sold by
Cobb Thomas Andrew
Bought by
A Premier Inspection Company Llc
Seller's Agent
Asia Watson
Keller Williams
Buyer's Agent
Asia Watson
Keller Williams
List Price
$5,000
Sold Price
$5,000
Views
54

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.45%

Purchase Details

Closed on
May 21, 2018
Sold by
Irving Shelia L
Bought by
Cobb Ii Thomas Andrew

Purchase Details

Closed on
Jun 28, 2017
Sold by
Elliott James W and Logan Mariene C
Bought by
Irving Shelia
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $6,000 Old Republic National Title
Bargain Sale Deed $5,000 Old Republic National Title
Deed $1,500 None Available
Deed $1,150 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $130,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 For Sale $167,900 +2698.3% $262 / Sq Ft
04/04/2025 04/04/25 Sold $6,000 -7.7% --
03/11/2025 03/11/25 Pending -- -- --
02/23/2025 02/23/25 Price Changed $6,500 -13.3% --
01/21/2025 01/21/25 Price Changed $7,500 -6.3% --
01/05/2025 01/05/25 For Sale $8,000 +60.0% --
04/12/2024 04/12/24 Sold $5,000 -23.1% --
03/18/2024 03/18/24 Pending -- -- --
03/17/2024 03/17/24 Price Changed $6,500 +30.0% --
02/07/2024 02/07/24 For Sale $5,000 -- --
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 $22 $2,500 $2,500 $0
2023 $22 $2,500 $2,500 $0
2022 $26 $2,500 $2,500 $0
2021 $28 $2,500 $2,500 $0
2020 $28 $2,500 $2,500 $0
2019 $28 $2,500 $2,500 $0
2018 $28 $2,500 $2,500 $0
2017 $28 $2,500 $2,500 $0
2016 $28 $2,500 $2,500 $0
2015 $28 $2,000 $2,000 $0
2014 $272 $2,000 $2,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Ian Smith

    Seller's Agent in 2025

    Ian Smith

    Legacy Realty and Development

    (434) 444-5513

    6 in this area

    166 Total Sales

    Ian Smith
    Section Image
  • Brandon Black

    Seller's Agent in 2025

    Brandon Black

    Real Broker, LLC

    (434) 300-4663

    1 in this area

    13 Total Sales

    Brandon Black
    Section Image
  • Asia Watson

    Seller's Agent in 2024

    Asia Watson

    Keller Williams

    (434) 401-2808

    4 in this area

    66 Total Sales

    Asia Watson
    Section Image
See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 356528

APN: 026-03-013

Virginia Lynchburg City County Lynchburg 24501 Diamond Hill

1216 Pierce St, Lynchburg, VA

This home is located at 1216 Pierce St, Lynchburg, VA 24501 and is currently priced at $6,000. 1216 Pierce St is a home located in Lynchburg City with nearby schools including Robert S. Payne Elementary School, Paul Laurence Dunbar Mid. for Innov., and Heritage High School.

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