NOT LISTED FOR SALE

126 Water Gate Dr Lynchburg, VA 24502

Estimated Value: $191,204 - $228,000

2 Beds
2 Baths
1,717 Sq Ft
$120/Sq Ft Est. Value

Last Sold February 14, 2017

Last sale price $110,500 $64 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $1,233/month

78 Days on Market

About This Home

As of February 2017

*****Back on the market. Financing fell through! Attention INVESTORS, Students, Parents of Students, or someone looking to live in one side and rent out the other for extra income! Excellent opportunity to let someone else pay your mortgage! Very nice brick duplex convenient to ALL THINGS Lynchburg! GREAT location for Liberty students with quick access to Wards Rd Restaurants and shopping and Also to Timberlake Rd. Open Floor plan with cathedral ceilings, a skylight, shared balcony/deck, all appliances including washer/dryer. Bedroom and bath located in lower level. Very well maintained cul de sac units with privacy in rear.

Last Agent to Sell the Property

Jenny Burge

Alliance Realty Group License #0225094851 Listed on: 10/31/2016

Last Buyer's Agent

Wanda Robertson

The Hopkins Real Estate Group License #0225256513

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,249

Year Built

  • Built in 1988

Lot Details

  • 0.46 Acre Lot

Parking

  • 1 Parking Space

Home Design

  • 1,717 Sq Ft Home

Flooring

  • Carpet
  • Vinyl

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 24713020

Community Details

Overview

  • 2 Units

Building Details

  • Water Sewer Expense $50
  • New Taxes Expense $1,249
  • Gross Income $12,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,249

Year Built

Built in 1988

Lot Details

0

Listing Details

  • FILLACRES: 0.4630
  • Directions: Wards Ferry Road to left onto Water Gate to property at the end in cul de sac.
  • ElementarySchool7: Heritage Elem
  • HighSchool7: Heritage High
  • Lot Measurement: Acres
  • Lot Sq Ft: 20168.00
  • MiddleSchool7: Sandusky Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 24713020
  • Year Built: 1988
  • Heating System: Heat Pump
  • Taxes Expense: 1249.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: Water Gate, Lot 20
  • Reciprocal Listing: No
  • Flooring: Carpet, Vinyl
  • Year Built Exception: 0
  • Walls: Drywall

Garage/Parking

  • Parking: 1 Space/Unit

Utilities

  • Cooling: Heat Pump
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 1717.00
  • Zoning: R3

Rental Info

  • Types Of Leases: Month to Month

Tax Info

  • Estimated Taxes: 1249

Multi Family

  • Annual Gross Income: 12300.00
  • Total Number Units: 2
  • Water Expense: 50.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2021
Sold by
Fpj Investments Llc
Bought by
Jpfjr Llc
Current Estimated Value
$206,051
Source: Public Records

Range of Values:

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Average Value
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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
Jpfjr Llc $115,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2017 02/14/17 Sold $110,500 -6.3% $64 / Sq Ft
01/17/2017 01/17/17 Pending -- -- --
10/31/2016 10/31/16 For Sale $117,900 -- $69 / 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
2024 $1,319 $148,200 $30,000 $118,200
2023 $1,319 $148,200 $30,000 $118,200
2022 $1,354 $131,500 $25,000 $106,500
2021 $1,460 $131,500 $25,000 $106,500
2020 $1,249 $112,500 $25,000 $87,500
2019 $1,249 $112,500 $25,000 $87,500
2018 $1,249 $112,500 $25,000 $87,500
2017 $1,249 $112,500 $25,000 $87,500
2016 $1,249 $112,500 $25,000 $87,500
2015 $1,249 $102,100 $25,000 $77,100
2014 $1,133 $105,000 $25,000 $80,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jenny Burge

    Alliance Realty Group

    (434) 660-0711

    114 Total Sales

    Section Image

  • W

    Buyer's Agent in 2017

    Wanda Robertson

    The Hopkins Real Estate Group

    (434) 426-2103

    109 Total Sales

    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 302010

APN: 247-13-020

Virginia Lynchburg City County Lynchburg 24502

126 Water Gate Dr, Lynchburg, VA

This home is located at 126 Water Gate Dr, Lynchburg, VA 24502 since 31 October 2016 and is currently estimated at $206,051, approximately $120 per square foot. This property was built in 1988. 126 Water Gate Dr is a home located in Lynchburg City with nearby schools including Heritage Elementary School, Sandusky Middle School, and Heritage High School.

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