NOT LISTED FOR SALE

1500 Main St Unit 205 Lynchburg, VA 24504

Diamond Hill Neighborhood

Estimated Value: $517,000

1 Bed
1 Bath
880 Sq Ft
$190/mo HOA Fee

Last Sold June 09, 2023

Last sale price $219,900 $250 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $2,939/month

92 Days on Market

Highlights

  • In Ground Pool
  • Walk-In Closet
  • 1-Story Property
  • River Nearby
  • Tile Flooring
  • Ceiling Fan

About This Home

As of June 2023

Welcome to Downtown Lynchburg's newest development, The Wayne! Listed is a 3-Bay unit on the main level, just a few feet from the turf center. These beautiful condominiums located on Main Street feature incredible amenities such as a private pool, parking, a turf community area, granite countertops & luxury finishes, walking distance to all of Downtown life, and more! The Wayne is perfect for someone looking to downsize, live maintenance free, or even an investor looking to rent short term or long term. Be one of the first to own a condo at The Wayne!

Last Agent to Sell the Property

Logan Bosiger

Lauren Bell Real Estate, Inc. License #0225245675 Listed on: 12/06/2022

Last Buyer's Agent

Lauren Bell

Lauren Bell Real Estate, Inc. License #0225222641

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,350

Year Built

  • Built in 2022

Lot Details

  • 218

HOA Fees

  • $190 Monthly HOA Fees

Home Design

  • Slab Foundation

Interior Spaces

  • 880 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Bathtub Includes Tile Surround

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Outdoor Features

  • River Nearby

Schools

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

Utilities

  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 04612001

Community Details

Overview

  • Association fees include exterior maintenance, grounds maintenance, neighborhood lights, parking, pool, road maintenance, roof, snow removal, trash

Recreation

  • In Ground Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,350

Year Built

Built in 2022

Lot Details

0

HOA Fees

$190 per month

Listing Details

  • FILLACRES: 0.0050
  • AssocFeeOptional: Required
  • Directions: When on Main Street, go to 1500 Main Street. Enter through the main entrance.
  • ElementarySchool7: Sandusky Elem
  • HighSchool7: Heritage High
  • Internet Providers: Lumos
  • Lot Measurement: Acres
  • Lot Sq Ft: 218.00
  • MiddleSchool7: Sandusky Midl
  • Days On Market: No
  • Property Subtype1: Condominium
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 04612001
  • Year Built: 2022
  • Heating System: Mini-Split
  • Building Stories: One
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 12.000 x 23.000
  • Livingroom Len: 12.000
  • Livingroom Wid: 23.000
  • Masterbedroom Area: 168.000000
  • Master Bedroom Dim: 14.000 x 12.000
  • Masterbedroom Len: 14.000
  • Masterbedroom Wid: 12.000
  • Office Dim: 0.000 x 0.000
  • Special Features: NewHome
  • Property Sub Type: Condos

Interior Features

  • Basement Bathrooms: 1.00
  • Bathrooms Display: 1 (1 0)
  • Lower Floor 1 Bedrooms: 1
  • Broker Approved: Yes
  • Legal Description: DIAMOND HILL, NEW LOT A1
  • Reciprocal Listing: No
  • Above Grade Finished Sq Ft: 880.00
  • ApplianceConvey: Dishwasher, Range-Elec, Refrigerator
  • Has Attic: None
  • Has Basement: Slab
  • Flooring: Tile, Vinyl Plank
  • Year Built Exception: 0
  • Level 1 Full Bathrooms: 1
  • Interior Amenities: Cable Available, Ceiling Fan(s), High Speed Data Aval, Main Level Bedroom, Tile Bath(s), Walk-In Closet(s)
  • Dining Kitchen: 12x9 Level: Level 1 Above Grade
  • Laundry: Dryer Connection, Laundry Closet, Main Level, Washer Connections
  • Living Room: 12x23 Level: Level 1 Above Grade
  • Master Bedroom: 14x12 Level: Level 1 Above Grade
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 108.000000
  • LivingRoom Area: 276.000000
  • Est Other Room1 Dim: 0.000 x 0.000
  • Est Other Room2 Dim: 0.000 x 0.000
  • Est Other Room3 Dim: 0.000 x 0.000
  • Rec Room Dim: 0.000 x 0.000
  • Sunroom Dim: 0.000 x 0.000

Exterior Features

  • Lot Number: A1
  • Roof: Other
  • New Construction: Completed
  • Exterior Features: River Nearby, In Ground Pool

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Utility Electric: AEP/Appalachian Powr
  • Air Conditioner: Mini-Split
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Includes: Exterior Maintenance, Grounds Maintenance, Neighborhood Lights, Other, Parking, Pool, Road Maintenance, Roof, Snow Removal, Trash
  • HOA: Lynchburg Board of Realtors
  • Association Fee: 190.00

Association/Amenities

  • Entry Level Unit: 205

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 880.00
  • Zoning: B-4

Tax Info

  • Estimated Taxes: 1350

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2022
Sold by
Main Llc
Bought by
Addair Holdings Llc
Current Estimated Value
$517,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Outstanding Balance
$152,982
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
$2,552,018

Purchase Details

Closed on
Feb 16, 2021
Sold by
Patel Suresh and Patel Bhamini
Bought by
Main Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,300,000
Interest Rate
2.7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Addair Holdings Llc $199,900 --
Main Llc $2,230,000 Old Republic National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Addair Holdings Llc $160,000
Previous Owner Main Llc $7,300,000
Previous Owner Lakshmi Maa Inc $1,665,000
Previous Owner Patel Suresh $65,000
Previous Owner Patel Suresh $465,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2023 06/09/23 Sold $219,900 0.0% $250 / Sq Ft
03/08/2023 03/08/23 Pending -- -- --
12/06/2022 12/06/22 For Sale $219,900 -- $250 / 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 $223 $25,000 $10,000 $15,000
2023 $4,092 $25,000 $10,000 $15,000
2022 $18,942 $1,839,000 $839,000 $1,000,000
2021 $20,413 $1,839,000 $839,000 $1,000,000
2020 $16,855 $1,518,500 $652,500 $866,000
2019 $16,855 $1,518,500 $652,500 $866,000
2018 $11,712 $1,406,800 $374,500 $1,032,300
2017 $15,615 $1,406,800 $374,500 $1,032,300
2016 $15,615 $1,406,800 $374,500 $1,032,300
2015 $11,712 $1,336,300 $374,500 $961,800
2014 $11,125 $1,336,300 $374,500 $961,800
Source: Public Records

Agents Affiliated with this Home

  • Logan Bosiger

    Seller's Agent in 2023

    Logan Bosiger

    Lauren Bell Real Estate, Inc.

    (434) 851-2052

    10 in this area

    90 Total Sales

    Logan Bosiger
    Section Image
  • Lauren Bell

    Buyer's Agent in 2023

    Lauren Bell

    Lauren Bell Real Estate, Inc.

    (434) 382-9482

    1 in this area

    372 Total Sales

    Lauren Bell
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 341678

APN: 046-12-001

Virginia Lynchburg City County Lynchburg 24504 Diamond Hill

1500 Main St Unit 205, Lynchburg, VA

This home is located at 1500 Main St Unit 205, Lynchburg, VA 24504 since 06 December 2022 and is currently estimated at $517,000, approximately $587 per square foot. This property was built in 2022. 1500 Main St Unit 205 is a home located in Lynchburg City with nearby schools including Sandusky Elementary School, Sandusky Middle School, and Heritage High School.

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