NOT LISTED FOR SALE

123 Primrose Ln Lynchburg, VA 24501

Estimated Value: $255,035 - $321,000

4 Beds
4 Baths
2,080 Sq Ft
$143/Sq Ft Est. Value

Last Sold October 23, 2023

Last sale price $325,000 $156 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $1,762/month

8 Days on Market

About This Home

As of October 2023

Great Duplex on Primrose. Totally gone over with a fine tooth comb. In top notch shape! Ready to move in. Quiet Street yet convenient. Most appliances are BRAND NEW or under 2 years old. Live in one unit and rent the adjoining unit to help pay for your home. Build equity while enjoying a great two story townhouse style duplex! Owner is a licensed real estate agent in the state of Virginia.

Last Agent to Sell the Property

John Garber

DeWitt Real Estate & Auctions License #0225238926 Listed on: 08/23/2023

Last Buyer's Agent

Corrie Hall

eXp Realty LLC-Lynchburg License #0225230803

eXp Realty LLC-Lynchburg

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,026

Year Built

  • Built in 2005

Lot Details

  • 9,017 Sq Ft Lot

Home Design

  • 2,080 Sq Ft Home

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 2 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Schools

  • Linkhorne Elementary School
  • Linkhorne Midl Middle School
  • E. C. Glass High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • 2 Units
  • 1 Separate Water Meter

Listing and Financial Details

  • Assessor Parcel Number 22716013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,026

Year Built

Built in 2005

Lot Details

0

Listing Details

  • FILLACRES: 0.2070
  • Directions: Old Forest Road to Primrose. About 1/5th of a mile on the right.
  • ElementarySchool7: Linkhorne Elem
  • HighSchool7: E. C. Glass High
  • Internet Providers: Comcast/Xfinity, GLO Fiber, Verizon
  • Lot Measurement: Acres
  • Lot Sq Ft: 9017.00
  • MiddleSchool7: Linkhorne Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 22716013
  • Year Built: 2005
  • Heating System: Heat Pump
  • Unit Info Number Unfurnished Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: Primrose Park. Resub Lot 8
  • Reciprocal Listing: No
  • Flooring: Carpet, Carpet Wall to Wall, Laminate
  • Year Built Exception: 0
  • Walls: Drywall

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 2080.00
  • Zoning: R-3

Rental Info

  • Types Of Leases: Other

Tax Info

  • Estimated Taxes: 2026

Multi Family

  • Total Number Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2023
Closed on
Oct 12, 2023
Sold by
Browder Lisa M
Bought by
Davila Ortiz Raul
Seller's Agent
John Garber
DeWitt Real Estate & Auctions
Buyer's Agent
Corrie Hall
eXp Realty LLC-Lynchburg
List Price
$349,900
Sold Price
$325,000
Premium/Discount to List
-$24,900
-7.12%
Views
5
Current Estimated Value
$297,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,991
Avg. Annual Appreciation
-4.36%
Original Mortgage
$325,000
Outstanding Balance
$318,609
Interest Rate
7.12%
Mortgage Type
VA
Estimated Equity
-$21,600

Purchase Details

Closed on
Apr 4, 2007
Sold by
Victor James M and Victor Holly Lynn
Bought by
Browder Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,300
Interest Rate
6.18%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 4, 2005
Sold by
Maddox & Sons Construction Inc
Bought by
Victor James M and Victor Holly Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2005
Sold by
Mcbride Marketing Inc
Bought by
Maddox & Son Construction Inc
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 Buyer Sale Price Title Company
Davila Ortiz Raul $325,000 Old Republic National Title
Browder Lisa M -- Monrch Title
Victor James M -- None Available
Maddox & Son Construction Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davila Ortiz Raul $325,000
Previous Owner Browder Lisa M $144,300
Previous Owner Victor James M $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2023 10/23/23 Sold $325,000 -7.1% $156 / Sq Ft
08/31/2023 08/31/23 Pending -- -- --
08/23/2023 08/23/23 For Sale $349,900 -- $168 / 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 $2,486 $295,900 $27,500 $268,400
2024 $1,979 $222,400 $22,000 $200,400
2023 $1,979 $222,400 $22,000 $200,400
2022 $1,915 $185,900 $20,000 $165,900
2021 $2,063 $185,900 $20,000 $165,900
2020 $1,837 $165,500 $20,000 $145,500
2019 $1,837 $165,500 $20,000 $145,500
2018 $1,815 $163,500 $18,000 $145,500
2017 $1,815 $163,500 $18,000 $145,500
2016 $1,815 $163,500 $18,000 $145,500
2015 $1,815 $163,500 $18,000 $145,500
2014 $1,815 $175,800 $18,000 $157,800
Source: Public Records

Agents Affiliated with this Home

  • John Garber

    Seller's Agent in 2023

    John Garber

    DeWitt Real Estate & Auctions

    (434) 665-4049

    29 Total Sales

    John Garber
    Section Image

  • C

    Buyer's Agent in 2023

    Corrie Hall

    eXp Realty LLC-Lynchburg

    (434) 426-2845

    226 Total Sales

    Corrie Hall
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 347741

APN: 227-16-013

Virginia Lynchburg City County Lynchburg 24501

123 Primrose Ln, Lynchburg, VA

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