1216 Timberlake Dr Lynchburg, VA 24502
Timberlake AreaEstimated payment $3,719/month
Highlights
- Lake Front
- Wood Flooring
- Fenced Yard
- Freestanding Bathtub
- Formal Dining Room
- Separate Outdoor Workshop
About This Home
A rare opportunity for flexible lakefront living! This one-of-a-kind Timberlake property features a private studio apartment above the garage, perfect for overnight guests, a home office, or potential rental income. The apartment offers a separate living space away from the main home, giving everyone the privacy and independence they need. The charming main residence features 2 bedrooms, 2.5 baths, spacious living areas, and unique character throughout. Outside, enjoy a beautifully landscaped and fenced waterfront lot with mature gardens, a peaceful pond, multiple outdoor living spaces, a private dock, and a flat backyard ideal for entertaining, fishing, kayaking, or simply relaxing beside the lake. Whether you need space for multigenerational living, frequent visitors, working from home, or an investment opportunity, the apartment adds incredible versatility to this special property. Come experience the possibilities of Timberlake living!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $917
Year Built
- Built in 1945
Lot Details
- 12,632 Sq Ft Lot
- Lake Front
- Fenced Yard
- Landscaped
- Garden
- Property is zoned R1
HOA Fees
- $23 Monthly HOA Fees
Home Design
- Shingle Roof
Interior Spaces
- 2,948 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Fireplace
- Formal Dining Room
- Crawl Space
- Storage In Attic
- Fire and Smoke Detector
- Laundry closet
Kitchen
- Electric Range
- Microwave
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- Walk-In Closet
- Freestanding Bathtub
Parking
- Garage
- Off-Street Parking
Outdoor Features
- Separate Outdoor Workshop
Schools
- Tomahawk Elementary School
- Brookville Midl Middle School
- Brookville High School
Utilities
- Heat Pump System
- Electric Water Heater
- Septic Tank
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 20H-INQ-119
Community Details
Overview
- Association fees include lake/pond
- Timberlake Subdivision
Building Details
- Net Lease
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $1,827 | $406,100 | $126,000 | $280,100 |
| 2025 | $1,827 | $406,100 | $126,000 | $280,100 |
| 2024 | $1,827 | $406,100 | $126,000 | $280,100 |
| 2023 | $1,827 | $406,100 | $126,000 | $280,100 |
| 2022 | $2,178 | $325,000 | $114,000 | $211,000 |
| 2021 | $1,690 | $325,000 | $114,000 | $211,000 |
| 2020 | $1,690 | $211,700 | $84,000 | $127,700 |
| 2019 | $1,690 | $325,000 | $114,000 | $211,000 |
| 2018 | $1,101 | $211,700 | $84,000 | $127,700 |
| 2017 | $1,101 | $211,700 | $84,000 | $127,700 |
| 2016 | $1,101 | $211,700 | $84,000 | $127,700 |
| 2015 | -- | $211,700 | $84,000 | $127,700 |
| 2014 | -- | $208,800 | $84,000 | $124,800 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/21/2026 08/21/26 | Price Changed | $659,900 | -0.8% | $224 / Sq Ft |
| 07/23/2026 07/23/26 | Price Changed | $665,000 | -2.9% | $226 / Sq Ft |
| 06/23/2026 06/23/26 | For Sale | $685,000 | 0.0% | $232 / Sq Ft |
| 06/03/2026 06/03/26 | Pending | -- | -- | -- |
| 05/28/2026 05/28/26 | For Sale | $685,000 | -- | $232 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $425,000 | Attorney |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $254,373 | New Conventional | |
| Previous Owner | $264,000 | New Conventional | |
| Previous Owner | $289,840 | Unknown | |
| Previous Owner | $180,000 | Credit Line Revolving |
Source: Lynchburg Association of REALTORS®
MLS Number: 366904
APN: 020H-01NQD-119-0
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Ask me questions while you tour the home.