NOT LISTED FOR SALE

1425 Ramsgate Ln Lynchburg, VA 24501

Blue Ridge Farms Neighborhood

Estimated Value: $208,000 - $253,000

Studio
2 Baths
1,501 Sq Ft
$157/Sq Ft Est. Value

Sale Details

Date Sold: March 11, 2024

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

Est. 2% increase in value since last sale

Current estimated payment $1,426 / mo

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

  • 14,810 Sq Ft 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

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

Listed on
Feb 13, 2024
Closed on
Mar 5, 2024
Sold by
Bought by
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
$235,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,988
Avg. Annual Appreciation
0.75%
Original Mortgage
$173,925
Outstanding Balance
$170,863
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$65,025

Purchase Details

Closed on
Apr 3, 2008
Sold by
Bought by

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

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
$231,900 Chicago Title
-- None Available
Source: Public Records

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 Borrower Loan Amount
Open $173,925
Previous Owner $98,320
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 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

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 $1,812 $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

    60 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

    74 Total Sales

    Cole Rice
    Section Image

  • D

    Seller's Agent in 2017

    Debbie Timberlake

    Karl Miller Realty LLC

    (434) 907-1742

    18 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

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