NOT LISTED FOR SALE

1422 Ramsgate Ln Lynchburg, VA 24501

Blue Ridge Farms Neighborhood

Estimated Value: $261,176 - $295,000

Studio
4 Baths
2,368 Sq Ft
$115/Sq Ft Est. Value

Sale Details

Date Sold: May 8, 2014

Last sale price $100,000 $42 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $1,628 / mo

326 Days on Market

About This Home

As of May 2014

This is a must see! What an investment! This property is rented on both sides with $1000 per month income, seller mows grass, tenants pay all utilities. Large bedrooms with double closets, 1.5 bath in each unit, tax assessed at $153,400. This is an investors dream!

Last Agent to Sell the Property

Dee Smith

BHHS Dawson Ford Garbee-Forest License #0225069579 Listed on: 04/01/2013

BHHS Dawson Ford Garbee-Forest

Last Buyer's Agent

Steven Bucklew

Blackwater Property Management License #0225076965

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,740

Year Built

  • Built in 1978

Lot Details

  • 29,185 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • 2,368 Sq Ft Home

Flooring

  • Wall to Wall Carpet
  • Vinyl

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 22102032

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Water Meters
  • Gross Income $12,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,740

Year Built

Built in 1978

Lot Details

0.67 Acres

Listing Details

  • FILLACRES: 0.6700
  • Directions: Old Forest Road to Ardmore Drive; left on Craigmont; right on Ramsgate Lane; duplex on right.
  • ElementarySchool7: Linkhorne Elem
  • HighSchool7: E. C. Glass High
  • Lot Measurement: Acres
  • Lot Sq Ft: 29185.00
  • MiddleSchool7: Linkhorne Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 22102032
  • Year Built: 1978
  • Heating System: Heat Pump
  • Unit Info Number Unfurnished Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: BLUE RIDGE FARMS, SEC 12, BK H, LOT 64
  • Reciprocal Listing: No
  • Flooring: Carpet Wall to Wall, Vinyl
  • Year Built Exception: 0
  • Walls: Drywall

Garage/Parking

  • Parking: Off Street Parking

Utilities

  • Cooling: Heat Pump
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric
  • Number Of Water Meters: 2

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 2368.00

Rental Info

  • Types Of Leases: 1 Year Lease

Tax Info

  • Estimated Taxes: 1740

Multi Family

  • Annual Gross Income: 12000.00
  • Total Number Units: 2

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2005
Sold by
Bought by
Current Estimated Value
$272,794
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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 Buyer Sale Price Title Company
-- None Available
Source: Public Records

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
05/08/2014 05/08/14 Sold $100,000 -25.9% $42 / Sq Ft
02/21/2014 02/21/14 Pending -- -- --
04/01/2013 04/01/13 For Sale $134,900 -- $57 / Sq Ft
Source: Lynchburg Association of REALTORS®

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
2025 $1,971 $234,600 $35,000 $199,600
2024 $1,789 $201,000 $32,000 $169,000
2023 $1,789 $201,000 $32,000 $169,000
2022 $1,692 $164,300 $27,000 $137,300
2021 $1,824 $164,300 $27,000 $137,300
2020 $1,647 $148,400 $27,000 $121,400
2019 $1,647 $148,400 $27,000 $121,400
2018 $1,703 $153,400 $25,000 $128,400
2017 $1,703 $153,400 $25,000 $128,400
2016 $1,703 $153,400 $25,000 $128,400
2015 $1,703 $153,400 $25,000 $128,400
2014 $1,703 $156,900 $25,000 $131,900
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    Dee Smith

    BHHS Dawson Ford Garbee-Forest

    Section Image

  • S

    Buyer's Agent in 2014

    Steven Bucklew

    Blackwater Property Management

    (434) 610-3406

    1 in this area

    40 Total Sales

    Steven Bucklew
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 277783

APN: 221-02-032

Virginia Lynchburg City County Lynchburg 24501 Blue Ridge Farms

1422 Ramsgate Ln, Lynchburg, VA

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