NOT LISTED FOR SALE

1500 Somerset Dr Lynchburg, VA 24503

Bedford Hills Neighborhood

Estimated Value: $366,000 - $439,283

5 Beds
4 Baths
3,806 Sq Ft
$105/Sq Ft Est. Value

Last Sold November 15, 2021

Last sale price $250,000 $66 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $2,389/month

81 Days on Market

Highlights

  • Wood Flooring
  • Finished Attic
  • Workshop
  • Main Floor Bedroom
  • Attic
  • Formal Dining Room

About This Home

As of November 2021

Beautiful Center Hall Colonial Revival! Main floor has a large living room with fireplace (gas line roughed in) and built in bookcases, formal dining room, den or library with full bath and walk-in closet (was a master suite), a good size kitchen with butler's pantry, pantry and breakfast room. Gas fired one pipe steam boiler with radiators. Two zone central air conditioning. Finished attic has its own separate heating and cooling. Main house has the original Buckingham slate roof with copper flashing. New metal roof on one story addition, new gutters and downspouts and new imitation slate roof on garage and front porch.

Last Agent to Sell the Property

Jeremiah Cochenour

Mark A. Dalton & Co., Inc. License #0225203013 Listed on: 06/28/2021

Last Buyer's Agent

Kathryn Franklin

Long & Foster-Forest License #0225244366

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,607

Year Built

  • Built in 1931

Lot Details

  • 0.27 Acre Lot
  • Fenced Yard
  • Landscaped

Home Design

  • Slate Roof
  • Metal Roof
  • Plaster

Interior Spaces

  • 3,806 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Workshop

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Bathtub Includes Tile Surround

Laundry

  • Dryer
  • Washer

Attic

  • Walkup Attic
  • Finished Attic

Finished Basement

  • Heated Basement
  • Interior and Exterior Basement Entry
  • Laundry in Basement

Home Security

  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector

Outdoor Features

  • Separate Outdoor Workshop

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Steam
  • Gas Water Heater
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,607

Year Built

Built in 1931

Lot Details

0

Listing Details

  • FILLACRES: 0.2690
  • BuildingOnProperty: Workshop
  • Directions: Lynchburg Expy/Northwest Expy to Boonsboro Road. Right onto Somerset Drive
  • ElementarySchool7: Bedford Hills Elem
  • HighSchool7: E. C. Glass High
  • Internet Providers: Comcast/Xfinity
  • Lot Measurement: Acres
  • Lot Sq Ft: 11718.00
  • MiddleSchool7: Linkhorne Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • Year Built: 1931
  • Heating System: Steam-Gas
  • Building Stories: Three Or More
  • Dwelling Styles: Other, See Remarks
  • Officeden Len: 26.000
  • Officeden Wid: 26.000
  • Foyer Area: 176.000000
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 24.000 x 14.000
  • Livingroom Len: 24.000
  • Livingroom Wid: 14.000
  • Masterbedroom Area: 240.000000
  • Master Bedroom Dim: 16.000 x 15.000
  • Masterbedroom Len: 16.000
  • Masterbedroom Wid: 15.000
  • Office Dim: 14.000 x 14.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 4.00
  • Bathrooms Display: 4 (4 0)
  • Lower Floor 1 Bedrooms: 5
  • Broker Approved: Yes
  • Legal Description: SOMERSET PARK ADDN, LOT 1
  • Reciprocal Listing: No
  • Second Bedroom: 24x14 Level: Level 2 Above Grade
  • Second Bedroom Area: 336.000000
  • Third Bedroom: 14x14 Level: Level 2 Above Grade
  • Third Bedroom Area: 196.000000
  • Fourth Bedroom: 14x13 Level: Level 2 Above Grade
  • Fourth Bedroom Area: 182.000000
  • Fifth Bedroom: 10x9 Level: Level 3 Above Grade
  • Fifth Bedroom Area: 90.000000
  • Above Grade Finished Sq Ft: 3184.00
  • ApplianceConvey: Dishwasher, Dryer, Range-Elec, Washer
  • Has Attic: Finished, Walk-Up Stairs, Windows
  • Has Basement: Exterior Entrance, Finished, Heated, Interior Entrance
  • Breakfast Area: 8x6 Level: Level 1 Above Grade
  • Flooring: Carpet, Hardwood, Vinyl
  • Year Built Exception: 0
  • Den: 26x26 Level: Below Grade
  • Fireplace: 1 Fireplace, Living Room, Wood Burning
  • Formal Dining: 14x13 Level: Level 1 Above Grade
  • Foyer: 22x8 Level: Level 1 Above Grade
  • Level 1 Full Bathrooms: 1
  • Level 2 Full Bathrooms: 2
  • Level 3 Full Bathrooms: 1
  • Interior Amenities: Cable Available, Cable Connections, Ceiling Fan(s), Main Level Bedroom, Master Bed w/ Bath, Pantry, Plaster, Separate Dining Room, Smoke Alarm, Tile Bath(s), Walk-In Closet(s), Workshop
  • Dining Kitchen: 14x11 Level: Level 1 Above Grade
  • Laundry: Basement, Dryer Connection, Washer Connections
  • Living Room: 24x14 Level: Level 1 Above Grade
  • Master Bedroom: 16x15 Level: Level 1 Above Grade
  • Office: 14x14 Level: Level 3 Above Grade
  • Other Room 1: 0x0 Level: Level 1 Above Grade
  • Additional Room 1 Description: Butlers Pantry
  • Den Area: 676.000000
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 154.000000
  • LivingRoom Area: 336.000000
  • Office Area: 196.000000
  • 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

  • Roof: Metal, Slate, Other
  • New Construction: Completed
  • Exterior Features: Fenced Yard, Landscaped, Storm Windows, Storm Doors

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Utility Electric: AEP/Appalachian Powr
  • Air Conditioner: Central Electric, Two-Zone
  • Sewer: City
  • Hot Water: City
  • Water Heater: Gas

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 3806.00
  • Zoning: R-1

Tax Info

  • Estimated Taxes: 3607

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2021
Closed on
Nov 15, 2021
Sold by
Inge William B
Bought by
Campbell Patrick Lloyd and Campbell Sallie Kate
Seller's Agent
Jeremiah Cochenour
Mark A. Dalton & Co., Inc.
Buyer's Agent
Kathryn Franklin
Long & Foster-Forest
List Price
$325,000
Sold Price
$250,000
Premium/Discount to List
-$75,000
-23.08%
Current Estimated Value
$399,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,321
Avg. Annual Appreciation
10.05%
Original Mortgage
$212,500
Outstanding Balance
$199,597
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$158,711
Source: Public Records

Range of Values:

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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
Campbell Patrick Lloyd $250,000 Sage Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Campbell Patrick $22,000
Open Campbell Patrick Lloyd $99,258
Open Campbell Patrick Lloyd $212,500
Previous Owner Inge William B $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2021 11/15/21 Sold $250,000 -23.1% $66 / Sq Ft
09/17/2021 09/17/21 Pending -- -- --
06/28/2021 06/28/21 For Sale $325,000 -- $85 / 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 $2,557 $287,300 $52,500 $234,800
2023 $2,557 $287,300 $52,500 $234,800
2022 $3,023 $293,500 $45,000 $248,500
2021 $3,258 $293,500 $45,000 $248,500
2020 $2,908 $262,000 $45,000 $217,000
2019 $2,908 $262,000 $45,000 $217,000
2018 $2,684 $241,800 $40,000 $201,800
2017 $2,684 $241,800 $40,000 $201,800
2016 $2,595 $233,800 $32,000 $201,800
2015 $649 $233,800 $32,000 $201,800
2014 $1,298 $247,000 $32,000 $215,000
Source: Public Records

Agents Affiliated with this Home

  • Jeremiah Cochenour

    Seller's Agent in 2021

    Jeremiah Cochenour

    Mark A. Dalton & Co., Inc.

    (434) 401-0844

    3 in this area

    224 Total Sales

    Section Image

  • K

    Buyer's Agent in 2021

    Kathryn Franklin

    Long & Foster-Forest

See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 332311

APN: 067-11-001

Virginia Lynchburg City County Lynchburg 24503 Bedford Hills

1500 Somerset Dr, Lynchburg, VA

This home is located at 1500 Somerset Dr, Lynchburg, VA 24503 since 28 June 2021 and is currently estimated at $399,321, approximately $104 per square foot. This property was built in 1931. 1500 Somerset Dr is a home located in Lynchburg City with nearby schools including Bedford Hills Elementary School, Linkhorne Middle School, and E.C. Glass High School.

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