NOT LISTED FOR SALE

146 Madison Cir Madison Heights, VA 24572

Estimated Value: $195,526 - $227,000

4 Beds
2 Baths
1,856 Sq Ft
$114/Sq Ft Est. Value

Last Sold July 24, 2019

Last sale price $130,000 $70 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $1,171/month

102 Days on Market

About This Home

As of July 2019

Very nice duplex in Madison Heights extremely close to the vibrant downtown Lynchburg. The upstairs unit has 2 bedrooms while the lower unit has 1 bedroom and a separate office. These units have been well maintained and your Realtor will have a list of recent updates. Longterm tenants and low maintenance cost make this a profitable property. The .28 acres is an approximation based on a street plat, please confirm this to your satisfaction. Currently the upstairs tenant mows the front yard and the downstairs tenant mows the rear.

Last Agent to Sell the Property

Gregory Blanks

Blanks Properties, Inc. License #0225060589 Listed on: 02/25/2019

Last Buyer's Agent

Angie Holt

Key to Your Heart Realty License #0225060153

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $680

Year Built

  • Built in 1959

Lot Details

  • 0.28 Acre Lot

Parking

  • Off-Street Parking

Home Design

  • 1,856 Sq Ft Home
  • Plaster Walls

Flooring

  • Wood
  • Vinyl

Schools

  • Madison Heights Elementary School
  • Monelison Midl Middle School
  • Amherst High School

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater
  • Septic Tank

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Water Meters
  • Insurance Expense $886
  • Maintenance Expense $200
  • New Taxes Expense $680
  • Gross Income $12,240
  • Net Operating Income $10,474

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$680

Year Built

Built in 1959

Lot Details

0

Listing Details

  • FILLACRES: 0.2800
  • Directions: From downtown cross the John Lynch bridge onto S. Amherst Highway, 2nd left onto Madison Circle to home on right.
  • Lot Measurement: Acres
  • Lot Sq Ft: 12197.00
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • Year Built: 1959
  • Heating System: Electric Baseboard
  • Unit Info Number Unfurnished Units: 2
  • Taxes Expense: 680.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: Lot 7 Madison Circle
  • Reciprocal Listing: No
  • Flooring: Vinyl, Wood Floors
  • Year Built Exception: 0
  • Walls: Plaster

Garage/Parking

  • Parking: Off Street Parking

Utilities

  • Utility Electric: American Electric
  • Cooling: Window Unit(s)
  • Sewer: Septic Tank
  • Hot Water: County
  • Water Heater: Electric
  • Number Of Water Meters: 2

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Fee Information

  • Insurance Expenses: 886.00

Schools

  • Elementary School: Madison Heights Elem
  • High School: Amherst High
  • Middle School: Monelison Midl
  • School District: Amherst

Lot Info

  • Lot Sq Ft: 1856.00
  • Zoning: R-1

Rental Info

  • Types Of Leases: Month to Month

Tax Info

  • Estimated Taxes: 680

Multi Family

  • Annual Gross Income: 12240.00
  • Maintenance Expense: 200.00
  • Net Operating Income: 10474.00
  • Total Number Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2021
Sold by
Crittenden Heather
Bought by
Virginia 1 Llc
Current Estimated Value
$211,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
2.87%

Purchase Details

Closed on
Aug 30, 2021
Sold by
Virginia 1 Llc
Bought by
Crittensen Heather D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
2.87%

Purchase Details

Listed on
Feb 25, 2019
Closed on
Aug 19, 2019
Sold by
Armstrong David and Crittenden Heather D
Bought by
Virginia I Llc
Seller's Agent
Gregory Blanks
Blanks Properties, Inc.
Buyer's Agent
Angie Holt
Key to Your Heart Realty
List Price
$135,000
Sold Price
$130,000
Premium/Discount to List
-$5,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.04%
Original Mortgage
$91,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 25, 2019
Closed on
Jun 26, 2019
Sold by
Smith Harold E and Smith Elizabeth B
Bought by
Armstrong David J and Crittenden Heather D
Seller's Agent
Gregory Blanks
Blanks Properties, Inc.
Buyer's Agent
Angie Holt
Key to Your Heart Realty
List Price
$135,000
Sold Price
$130,000
Premium/Discount to List
-$5,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
3.82%
Mortgage Type
New Conventional
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
Virginia 1 Llc -- None Available
Crittensen Heather D -- None Available
Virginia I Llc -- None Available
Armstrong David J $130,000 Pike Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crittensen Heather D $115,500
Previous Owner Armstrong David J $91,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2019 07/24/19 Sold $130,000 -3.7% $70 / Sq Ft
06/07/2019 06/07/19 Pending -- -- --
02/25/2019 02/25/19 For Sale $135,000 -- $73 / 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 $716 $117,300 $27,500 $89,800
2024 $716 $117,300 $27,500 $89,800
2023 $716 $117,300 $27,500 $89,800
2022 $716 $117,300 $27,500 $89,800
2021 $716 $117,300 $27,500 $89,800
2020 $716 $117,300 $27,500 $89,800
2019 $680 $111,500 $26,000 $85,500
2018 $680 $111,500 $26,000 $85,500
2017 $680 $111,500 $26,000 $85,500
2016 $680 $111,500 $26,000 $85,500
2015 $624 $111,500 $26,000 $85,500
2014 $624 $111,500 $26,000 $85,500
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2019

    Gregory Blanks

    Blanks Properties, Inc.

    (434) 944-5217

    22 Total Sales

    Gregory Blanks
    Section Image

  • A

    Buyer's Agent in 2019

    Angie Holt

    Key to Your Heart Realty

    (434) 841-0506

    7 in this area

    134 Total Sales

    Angie Holt
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 316868

APN: 160A1-3-7

Virginia Amherst County Madison Heights 24572

146 Madison Cir, Madison Heights, VA

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