NOT LISTED FOR SALE

1425 Ramsgate Ln Lynchburg, VA 24501

Blue Ridge Farms Neighborhood

Estimated Value: $232,225 - $253,000

Studio
2 Baths
1,501 Sq Ft
$161/Sq Ft Est. Value

Last Sold March 11, 2024

Last sale price $231,900 $154 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,392/month

3 Days on Market

About This Home

As of March 2024

2 BR, 1 BA units with Large LR, Kitchen & Laundry hookups conveniently located near Peaks View Park. Separate Paved Drives with Metal Carports, front sidewalk, Front & side entries, Tilt Out Windows, Roof replaced 2018; Heat Pumps A-2021 B-2020;Kitchens cabinets, counters, sink, faucet and appliances replaced ~6 yrs ago in both units; A- New kitchen and bath faucets, refrigerator, lights, screens, paint in 2024. Separate electric meters. Expenses for 2023-Owners paid H20 $1379/Trash $240/Insurance $546/Lawn Care $675. REALTOR Owners

Last Agent to Sell the Property

Teresa Hudson

John Stewart Walker, Inc License #0225170883 Listed on: 02/13/2024

Last Buyer's Agent

Cole Rice

Lauren Bell Real Estate, Inc. License #0225211000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,361

Year Built

  • Built in 1989

Lot Details

  • 0.34 Acre Lot

Home Design

  • 1,501 Sq Ft Home

Flooring

  • Carpet
  • Vinyl

Parking

  • Carport
  • Paved Parking
  • Off-Street Parking

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for exterior maintenance, lawn care, trash removal, water
  • Assessor Parcel Number 22103006

Community Details

Overview

  • Blue Ridge Farms Subdivision

Building Details

  • Net Lease
  • Insurance Expense $546
  • Maintenance Expense $900
  • Water Sewer Expense $1,379
  • New Taxes Expense $1,361
  • Gross Income $16,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,361

Year Built

Built in 1989

Lot Details

0.34 Acres

Listing Details

  • Directions: Old Forest Rd to Ardmore, L on Craigmont, R on Ramsgate to left side unit driveway of 1425 Ramsgate Lane
  • Internet Providers: Other
  • Days On Market: No
  • Prop. Type: Multi-Family
  • Year Built: 1989
  • Garage Yn: No
  • Taxes Expense: 1361.00
  • Property Sub-Type: Multi-Family
  • Total Gross Income: 16800.00
  • Subdivision Name: Blue Ridge Farms
  • Unit Info Number Unfurnished Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Flooring: Carpet, Vinyl
  • Walls: Drywall

Garage/Parking

  • Parking Features: Carport-Single, Off Street Parking, Paved Drive

Utilities

  • Utility Electric: American Electric
  • Cooling: Heat Pump
  • Sewer: City
  • Water Heater: Electric
  • Heating: Heat Pump
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 1379.00

Schools

  • Elementary School: Linkhorne Elem
  • High School: E. C. Glass High
  • Middle School: Linkhorne Midl
  • Junior High Dist: Lynchburg

Lot Info

  • Zoning: R3
  • Acres: 0.3400
  • Lot Size Sq Ft: 14810.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 22103006
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No
  • Types Of Leases: Month to Month
  • Owner Pays: Exterior Maintenance, Lawn Care, Trash Removal, Water
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.001-05:00

Tax Info

  • Estimated Taxes: 1361

Multi Family

  • Maintenance Expense: 900.00
  • Number Of Units Total: 2
  • Existing Lease Type: Net
  • Insurance Expense: 546.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2024
Closed on
Mar 5, 2024
Sold by
A H Properties Of Virginia Llc
Bought by
Feehan Randy and Feehan Amanda C
Seller's Agent
Teresa Hudson
John Stewart Walker, Inc
Buyer's Agent
Cole Rice
Lauren Bell Real Estate, Inc.
List Price
$231,900
Sold Price
$231,900
Views
21
Current Estimated Value
$241,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,156
Avg. Annual Appreciation
2.03%
Original Mortgage
$173,925
Outstanding Balance
$170,863
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$70,193

Purchase Details

Closed on
Apr 3, 2008
Sold by
Leonard Dianne C and Stern Dianne C
Bought by
Coello Edgardo M and Coello Bonnie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,320
Interest Rate
6.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Feehan Randy $231,900 Chicago Title
Coello Edgardo M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Feehan Randy $173,925
Previous Owner Coello Edgardo M $98,320
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/11/2024 03/11/24 Sold $231,900 0.0% $154 / Sq Ft
02/16/2024 02/16/24 Pending -- -- --
02/13/2024 02/13/24 For Sale $231,900 +75.7% $154 / Sq Ft
12/04/2017 12/04/17 Sold $132,000 +1.5% $88 / Sq Ft View Prior Sale
10/30/2017 10/30/17 Pending -- -- --
10/23/2017 10/23/17 For Sale $130,000 -- $87 / Sq Ft
Source: Lynchburg Association of REALTORS®

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 $1,812 $215,700 $35,000 $180,700
2024 $1,361 $152,900 $32,000 $120,900
2023 $1,361 $152,900 $32,000 $120,900
2022 $1,291 $125,300 $27,000 $98,300
2021 $1,391 $125,300 $27,000 $98,300
2020 $1,353 $121,900 $27,000 $94,900
2019 $1,353 $121,900 $27,000 $94,900
2018 $1,190 $107,200 $25,000 $82,200
2017 $1,190 $107,200 $25,000 $82,200
2016 $1,190 $107,200 $25,000 $82,200
2015 $1,190 $107,200 $25,000 $82,200
2014 $1,190 $124,900 $25,000 $99,900
Source: Public Records

Agents Affiliated with this Home

  • Teresa Hudson

    Seller's Agent in 2024

    Teresa Hudson

    John Stewart Walker, Inc

    (434) 841-8096

    1 in this area

    62 Total Sales

    Teresa Hudson
    Section Image

  • C

    Buyer's Agent in 2024

    Cole Rice

    Lauren Bell Real Estate, Inc.

    (434) 941-7959

    2 in this area

    69 Total Sales

    Cole Rice
    Section Image

  • D

    Seller's Agent in 2017

    Debbie Timberlake

    Karl Miller Realty LLC

    (434) 907-1742

    20 Total Sales

    Debbie Timberlake
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 350504

APN: 221-03-006

Virginia Lynchburg City County Lynchburg 24501 Blue Ridge Farms

1425 Ramsgate Ln, Lynchburg, VA

Not Listed for Sale

MultiFamily

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